AUD/USD: the bulls will be given a third attempt

AUD/USD: the bulls will be given a third attempt

Recommendation: BUY 0,7625 SL 0,757 TP1 0,771 TP2 0,78. 

On the AUD/USD daily chart, the implementation of the inverted Bat pattern continues. Its target 88.6% is located near 0.771. Bulls twice tried to test the resistance at 0.7612 but failed to do so. As a result, an internal bar pattern was formed. A successful test of its high may lead to the restoration of the uptrend.

On the AUD/USD hourly chart, there was a realization of the Dragon pattern. If quotes move beyond the triangle, the risks for the realization of the inverted Crab pattern with target 0.78 will increase.


EUR/GBP: pound is chasing a bat

On the daily chart of EUR/GBP, bears managed to seize the initiative and brought the pair to the lower border of the medium-term consolidation range (0.8695-0.9015). If the pair triggers the “Bat” pattern, the odds of it going to its 88.6% target at 0.8635 will increase.

EUR/USD: bears hit the breaks

On the daily chart, EUR/USD reached an interim target at 78.6% of the “Bat”. The pair formed an inside bar. A break of its upper border will increase the odds of a break above the diagonal resistance and a trigger of the “Shark” pattern.


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera