• RBA Cuts Rates To New Record Lows

    RBA Cuts Rates Further The Reserve Bank of Australia lowered its headline interest rate by a further 25 basis points overnight. The official cash rate in Australia now stands at a record low of .050%. The reduction was well signalled and follows recent comments from governor Lowe explaining the likely need for further monetary easing. […]

  • Daily Market Outlook, September 11, 2019

    Main Market Themes Overall contained moves in global financial markets overnight amid global recession fear following weak China price data and jitters ahead of ECB policy announcement where new a new stimulus package is expected. Major global stock indices closed mainly flat while the global bond markets saw broad-based selloffs.  The 30Y German bund yields […]

  • AUDUSD bounced from support, potential for a further rise!

    AUDUSD bounced off 0.67992 where it could potentially rise further to 0.68322. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • AUDUSD approaching resistance, look out for potential reversal!

    AUDUSD is approaching its resistance at 0.68293 where it is could reverse down to its support at 0.67856. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • AUDUSD to reverse from downside confirmation, potential drop!

    AUDUSD to reverse from its downside confirmation at 0.67273 where it could potentially drop further to 0.67120. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • Summary

    AUDUSD bounced perfectly towards our target.

  • Summary

    AUDUSD bounced nicely towards target profit.

  • AUDUSD approaching support, potential for a bounce!

    AUDUSD is expected to drop to 1st support at 0.69050 where it could potentially react off and up to 1st resistance at 0.69568. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7008 (100% Fibonacci extension, horizontal swing low support) where we might be seeing a bounce to our first resistance at 0.7093 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7145 (horizontal swing high resistance, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7111 (38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7145 (horizontal swing high resistance, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7111 (38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.70442 (horizontal swing low support, 76.4% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce to our major resistance at 0.7105 (horizontal swing high resistance, 50% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7057 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7143 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price. […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7153 (horizontal pullback resistance, 38.2% fibonacci retracement, 100%, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 0.7121 (horizontal pullback support, 50% fibonacci retracement). Stochastic (21, 5, 3) is also approaching resistance and we might see a corresponding drop in […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7146 (Horizontal pullback resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 0.7090 (horizontal swing low support, 61.8% fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in […]