AUD/USD: the AUD plans its further movements

AUD/USD: the AUD plans its further movements


SELL 0.7150 SL 0.7205 TP1 0.7060 TP2 0.7 TP3 0.6950,

BUY 0.7240 SL 0.7185 TP1 0.7340 TP2 0.7380 TP3 0.7435

On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues. If bulls manage to move the pair out of the downward channel and implement the blue "Shark" pattern, the odds of the rise towards its target near the 0.7380 level will increase. 


On H1, bears managed to activate the purple "Shark" pattern due to the 5-0 one. If the pair returns to the resistance at 0.7240 and retests it, the odds of the violet "Shark" pattern's implementation will increase. 




XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

Latest news

The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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