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Forex

Daily Market Outlook, April 27, 2023

Daily Market Outlook, April 27, 2023Banking sector concerns are once again clouding the risk landscape as Wall Street witnessed a late day sell off as investors were reluctant to hold meaningful risk...

EURUSD H4 | React off resistance level

TitleEURUSD H4 | React off resistance levelTypeBearish Reversal Preference:Price is nearing our pivot at 1.10758 which is multi swing high resistance, If price were to reverse from here, it could drop...

Follow The Flow: USDCAD Breakout Risks

 Upside Risks for USDUSDCAD looks interesting to the topside today. The pair has been on a steady move higher over recent days while the retail market has built up a heavy 85% short position. The big...

Follow The Flow: AUDJPY Trending Lower

Retail Heavily Long AUDJPYThe retail market is holding a large 70% long position in AUDJPY today as the pair continues to sell off, creating plenty of room for a further move lower over the coming...

Market Movers: Aussie Falls On Risk Aversion And Cooling CPI

Risk Aversion Hits AussieThe Aussie Dollar has come under heavy selling pressure today, with the pair now down almost 3% from the April highs. Part of the driver behind the move is the broad risk...

Daily Market Outlook, April 26, 2023

Daily Market Outlook, April 26, 2023Asian equity markets are clinging to modest gains, this is following a less than inspirational handover from Wall Street as US investors hit the sell button into...

Daily Market Outlook, April 25, 2023

Daily Market Outlook, April 25, 2023Asian equity markets are trading with a subdued tone following a lacklustre session on Wall Street as manufacturing survey data disappointed, after hours one of the...

GBPUSD H4 | Bounce from support

TitleGBPUSD H4 | Bounce from supportTypeBullish BouncePreference:Price is approaching our pivot point of 1.23963 and potentially reverse from here, we could see momentum carry price up to its 1st...

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%...