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Tag Archives: analyst recommendations

Gold Trades With Mixed Bias

Spot Gold: Retail trader data shows 79.9% of traders are net-long with the ratio of traders long to short at 3.97 to 1. The number of traders net-long is 6.1% higher than yesterday and 2.3% higher from last week, while the number of traders net-short is 4.8% higher than yesterday and 29.6% higher from last week. We typically take a contrarian view to crowd sentiment, and...

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GBP/USD Technical Analysis: Clinging to Longer-Term Support Zone

Talking Points: – The British Pound remains volatile after yesterday’s 3% inflation print; but a bigger picture direction remains elusive as price action clings to a longer-term support zone. – Near-term price action in Cable is messy. Below we look at a series of levels that can be utilized in the effort of timing directional strategies in GBP/USD. – Want to see how GBP and USD are holding up to ...

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Japanese Yen May Rally On Contrarian Bias

USDJPY: Retail trader data shows 50.8% of traders are net-long with the ratio of traders long to short at 1.03 to 1. The number of traders net-long is 1.4% higher than yesterday and 13.9% higher from last week, while the number of traders net-short is 18.6% lower than yesterday and 21.4% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact ...

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Nikkei 225 Technical Analysis: Bulls Keep Momentum, Need a Rest

Talking Points The Nikkei has put in an astonishing winning streak It rose for twelve straight trading days The signs remain bullish, but some consolidation would probably be a good thing Just getting started in the trading world? Our beginners’ guide is here to help Just look at the Nikkei 225 go. The Tokyo equity benchmark is at two-decade highs and rose for twelve consecutive days as of Thursday. That’s the longest winning streak ...

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Euro May Make a Bullish Run Based on Sentiment

EURUSD: Retail trader data shows 38.7% of traders are net-long with the ratio of traders short to long at 1.58 to 1. In fact, traders have remained net-short since Apr 18 when EURUSD traded near 1.07367; price has moved 10.0% higher since then. The number of traders net-long is 8.2% higher than yesterday and 7.9% lower from last week, while the number of traders net-short is 12.1% higher than yesterday and 10.3% higher from...

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ASX 200 Technical Analysis: At Last The Super Range Is History

Talking Points: The ASX 200 has put in a steady run of gains In the process it has managed to close above a notable resistance point Could the year’s highs come back into range? Just getting started in the trading world? Our beginners’ guide is here for you. Do check it out. Last week could have been quietly crucial for the ASX 200. Without fanfare the Australian equity benchmark managed a Friday close above what we I have ...

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COT: EUR/USD & USD/CAD Prices Correct, Futures Positioning Doesn’t

What’s inside: Euro large speculators persistence not seen in over a decade, continues to warn Large trend-followers in the Canadian dollar also adding to net-long into weakness Graphs of large speculator positioning for other major currencies and markets Check out this new guide for tips on how to Build Confidence in Trading. At the end of each week the CFTC releases the Commitment of Traders (COT) report, which shows traders’ positioning in the futures market as ...

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