TitleEURUSD H4 I Potential Bullish bounceTypeBullish bouncePreference:The price is falling toward the pivot at 1.1592, an overlap support that aligns closely with the 38.2% Fibonacci retracement. A...
Aussie Rallies on Hawkish RBA Warning
RBA Says Hikes Still PossibleThe Australian Dollar is trading with a spring in its step across the European morning on Tuesday. Overnight, the RBA held rates unchanged, as expected. However, the tone...
EURAUD Breakout In Sight?
EUR On the MoveThe Euro is pushing higher today and is doing particularly well on the crosses. A weaker USD is helping lift the single currency which is also being helped by some better-than-forecast...
Will EURAUD Bull Channel Hold?
Testing Key AreaEURAUD is at a crossroads here on the back of the sell off from YTD highs. The market has corrected around 3.5% lower from those 1.74 area highs and is now testing the bull channel...
Aussie Soars on Second Surprise RBA Hike
Lowe Lifts Off AgainThe RBA caught markets by surprise once again last night as it lifted its headline cash rate by a further .25% from 3.85% to 4.10%. The move marks the second such unexpected hike...
Aussie Wages Hit Decade Highs
Aussie Wages Create Uncertainty The latest Australian wage growth data released overnight has made it a little harder markets to call the next RBA meeting. The quarterly reading came in below...
EUR Falls As ECB Removes Commitment on Rates
ECB Pivots on RatesYesterday’s ECB meeting was a tricky event for EUR bulls. With long positions overextended ahead of the meeting and a smaller .25% rate hike well baked into price, it was going to...
Follow The Flow: EURAUD Breaking Out
Retail Heavily Short EURAUDLooking across the skew in retail trading sentiment today, EURAUD stands out as a good candidate for long opportunities. The retail market is holding a large, roughly 90%...
Follow The Flow: EURAUD Bull Channel Opportunities
Retail Heavily ShortThe retail market is holding a large short position in EURAUD, currently sitting around the 85% level. However, EUR has emerged as one of the strongest performers today suggesting...
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