Anyone familiar with the Commitment of Traders Report knows that the commercials have reached an extreme range that leaves much room for rising prices. Added to this is that the chart image with the recently formed double bottom looks bullish. This is what a trade might look like: - Entry immediately - Stop Loss below the last local low - Take profit with multiple...
Using the FXCM volume (as well as with OANDA), you can see that the strength of increases is getting weaker, while sales are getting stronger. You can also refer to the COT report, according to the latest JPY should be stronger than CAD. Warning This is a short-term forecast. The idea ceases to be valid after breaking the resistance on a large volume. ...
hello guys, new trade here, the idea is to short pound due to a series of fact: we're testing the 200 ma, and recently has been a clear resistance level, then CFTC COT is bearish on the pound with short sellers increasing their position for the 5th straight week, even the inverted hammer suggest reversal price action coming.
Leveraging funds last week made large sales of contracts for Euro (Contracts for Euro against USD). However, also in the same week, these funds reduced the number of contracts for NZD sales, which in combination with the analysis of the chart may mean a drop in the price on EURNZD
The chart shows that the price of platinum is at a very low level, according to the COT report analysis, it shows that compared to the previous publication, the number of open sales positions increased, but it is much smaller activity of sellers than in previous reports. This may mean that the downward trend is coming to an end. An additional factor to buy can be...
Last week options volume pointed at increased downside protection. Which translated into a yen rally or cadjpy drop. This theme is still in play on top of that. opec is relaxing supply cuts and thus driving oil lower over the coming month, which will drag CAD$ with it. I line with that we had a weekly bearish engulfing bar pointing at 82-80 area. For more free...
My Idea is to buy the break of the 0,7575 level with a target at 0,7680/0,77 . I expect a weak US Dollar this week, a higher Iron Ore price will help the AUD to push higher (Iron ore continues to climb higher). Commitments of Traders Report Sentiment. Neutral Retail Traders Sentiment: Bearish Have you some questions, comment below :) Happy Trading!
hello all here we see gj is starting a clear long pattern. to hit the upside 618 fib to give a two time hit of the top and bottom symmetrical triangle or pennant if you like that. i have used mfi, support and resistance, a special cot indicator, triangle pattern, and double bottom for my theory. Therefore as the triangle is tightening we may only see a move to the...
I expect a correction to this levels 1,2200/55, then I want to sell between 1,2200/55. I work with the Commitments of Traders Report (COT), Speculative Sentiment Index and fundamental data.
The US Dollar has been in distribution with large speculators unwinding their net long positions (COT Report) that had been building since mid 2000. Currently the longs and shorts are matching each other and there is no commitment in the US Dollar. The volume signature has also decreased. The correlation with the 10 year bond yields has also shown a significant...
US DOLLAR INDEX ANALYSIS ... based on COT data, futures only and legacy format based....
Short ZS Soybean on 1037 stop on 10.75
SHORT ZC Corn on 388 stop on 370
Monthly and daily charts show Silver is oversold here, and turning up...The confluence of technical signals and contrarian potential of this trade make it extremely interesting and definitely worth a try. If our long positions work, we could end up riding a massive uptrend to $25+-, or even higher, provided we first go higher and break above the monthly modes on...
Enter 64.15 stop loss 66.78