TitlePotential Bullish ReversalTypeBullish BouncePreference:Price is falling towards the pivot point of 0.6576 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.6638 which is a pullback resistance level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.6527 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.To discuss this trading idea, head over to Tickmill Traders Club where yo ..read more

Aussie Sold Post-RBAThe Australian Dollar has come under pressure across early European trading on Tuesday as traders digest the latest monetary policy meeting from the RBA overnight. The bank held headline interest rates steady at 4.35%. However, the tone of the meeting was less hawkish than many were looking for, leading to the current sell-off in AUD.Neutral SignallingOn the back of the recent uptick in quarterly inflation, many players were looking for a more hawkish stance from the bank. However, the bank stuck to a broadly neutral message on rates warning it was ruling nothing in or out ..read more

NFPs Undershoot ForecastsThe US Dollar is looking a little more stable on Tuesday after Friday NFP-driven sell-off saw the DXY finding support into lows, trading back above the 104.95 level for now.  The greenback came under heavy selling pressure into the end of last week as traders digested the details of the latest US labour market data. The headline NFP release was seen falling to 175k from 303k prior, well below the 234k the market was looking for. Additionally, wage growth was seen falling to 0.2% from 0.3% prior while the unemployment rate rose to 3.9% from 3.8% prior.Fed Easing Ex ..read more

TitleBearish Momentum to ExtendTypeBearish DropPreference:Price has made a bearish reversal, sell at the pivot point of 27.24; we could see momentum carry price down to its 1st support at 26.78 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 27.72 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts ..read more

BTC Bounces Off LowsBitcoin prices are trading tentatively in the green across early European trading on Tuesday. Following a breakdown lower last week which saw BTC futures crashing through support at 60695, the market swiftly reversed higher as demand kicked in at the lows of the move. It seems the dip in BTC was an attractive proposition for longer term holders with spot-Bitcoin ETFs seeing their largest single-day inflows on Friday at $378 million.Rising ETF DemandSurging ETF inflows had been a big driver of the move higher in Bitcoin over Feb and early March. However, those flows were see ..read more

TitlePotential Bullish BounceTypeBullish BouncePreference:Price is falling towards the pivot point of 153.49 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 155.08 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 152.71 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.To discuss this trading id ..read more

TitleFalling to 38.2% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.2512 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.2606 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.2466 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.To discuss this ..read more

TitleHeading into Pullback ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 2,324.58 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 2,271.38 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 2,354.05 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level.To dis ..read more

TitleOverlap Resistance at 61.8% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.3718 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.3627 which is a pullback support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 1.3782 which is a pullback resistance level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access ..read more

TitlePotential Bullish BounceTypeBullish BouncePreference:Price is falling towards the pivot point of 1.0741 which is a pullback support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.0793 which is a pullback resistance level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.0700 which is a pullback support that aligns close to the 78.6% Fibonacci retracement level.To discuss this trading idea, head over to Tickmill Traders Club where you ..read more