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On Oct 27th we talked of the yen being in a major technical “squeeze” and that a break out was likely to result as a result of 3 potential reasons. Reason #3 was the winner! 3. BOJ Intervention could result in strong weakening of the Yen. We ended ...
Today's Pivot Points and updated numbers for Forex and other markets
AUDUSD is firing on all cylinders in the long zone whilst 65.81% traders are short and actually made it to the strong short zone in Fridays session before pulling back a little into the long zone. Both EURUSD and GBPUSD are now well within the ...
Today's Pivot Points and updated numbers for Forex and other markets
EURGBP has exploded into the strong long zone with almost 70% of retail traders short after UK Retail Sales data yesterday. AUDUSD is back in the long zone and EURUSD is holding its ground in the long zone. USDCAD after a brief dip in the short zone ...
Today's Pivot Points and updated numbers for Forex and other markets
GBPUSD has made a strong move back into the neutral zone after some strong selling yesterday. EURUSD made a similar move but remains in the long zone even though it has dropped back considerably. We have a slew of PMI data coming out of the EuroZone ...
Today's Pivot Points and updated numbers for Forex and other markets
Current positioning is remaining firm, we're seeing the expected pullback in EURUSD, but the pair remains in the strong long zone overall. With the release of the Annual Budget in the UK at 8:30 am EST we expect some volatility with GBP crosses, ...
Today's Pivot Points and updated numbers for Forex and other markets
EURUSD and GBPUSD continue to make parabolic up moves whilst retail traders increase short positions. We would advise caution in the short term as strong moves like this do not tend to last, so we may see a pullback in the short term. We remain very ...
As EURUSD nears 5 months highs retail short positions have become increasingly stronger, today 68.62% of retail traders in our data set are short. This has pushed EURUSD into the Strong Long zone. What's also worth noting is EURGBP which is the long ...
A look at this weeks COT Index and Retail Trader Positioning.
Major Stop Hunt Areas for Traders to pay attention to when placing stops and entering trades.
- Indicators are Liars! Support and Resistance Trading for FX
Hi everyone I am a trader of the S&P emini and have dabbled with FX trading in the past and ...