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Tag Archives: forex reccomendations

Nikkei 225 Technical Analysis: Down But Very Far From Out

Talking Points The Nikkei 225 has settled into a range just below its previous, impressive highs Still, there are plenty of clues suggesting that this is just a rest Once liquidity increases again, this index may well gain Get trading hints and join us live and interactive for the top market-moving economic news at the DailyFX Webinars The Nikkei has retreated a little after making highs not seen since 1992 earlier this month. However, it hasn’t fallen very...

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Japanese Yen Technical Analysis: Watch For That Second Shoulder

Talking Points USD/JPY has bounced above its 2107 downtrend line In doing so it has also kept a nearer-term uptrend intact But watch for a bearish head and shoulders pattern, which could be forming Get trading tips, actionable looks-ahead and trade the major economic data live and interactive at the DailyFX webinars The Japanese Yen has reached an interesting juncture against the US Dollar, with USD/JPY weakness apparently fading out ...

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Gold May Reverse Based on Key Shift In Sentiment

Spot Gold: Retail trader data shows 72.7% of traders are net-long with the ratio of traders long to short at 2.66 to 1. The number of traders net-long is 10.0% lower than yesterday and 21.1% lower from last week, while the number of traders net-short is 4.4% higher than yesterday and 20.8% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests...

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COT: Oil Speculators’ Record Week, Euro Traders Stay Long and Strong

Highlights: Large speculators add furiously oil position, establish a new record Euro large specs continue to exhibit impressive persistence in holding long Positioning profiles and charts for a key markets COT data shows long-term market positioning, for short-term indications check out IG Client Sentiment data. Every Friday the CFTC releases the Commitment of Traders (COT) report, showing traders’ positioning in the futures ...

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Yen Bullish Trading Bias Set Up By Bullish Trading Bias

USDJPY: Retail trader data shows 53.2% of traders are net-long with the ratio of traders long to short at 1.13 to 1. The percentage of traders net-long is now its highest since Sep 27 when USDJPY traded near 112.881. The number of traders net-long is 0.9% higher than yesterday and 2.3% higher from last week, while the number of traders net-short is 11.6% lower than yesterday and 23.1% lower from last week. We typically take ...

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Japanese Yen Technical Analysis: USDJPY Prepares, But For What

Talking Points: USD/JPY’s rally has faltered at an interesting spot Current levels have presaged collapse twice in 2017 However, the Dollar is holding up rather better so far New to the Japanese Yen trading world? Our beginners’ guide is all yours On a fundamental level the Japanese Yen should probably be in a little more trouble against the US Dollar than it is. The Bank of Japan is committed to “powerful monetary easing” in the oft-spoken words of its...

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Key Shift in Sentiment May Pull Australian Dollar Lower

AUDUSD: Retail trader data shows 59.5% of traders are net-long with the ratio of traders long to short at 1.47 to 1. The percentage of traders net-long is now its highest since Apr 17 when AUDUSD traded near 0.75858. The number of traders net-long is 2.9% higher than yesterday and 11.1% higher from last week, while the number of traders net-short is 14.8% lower than yesterday and 22.7% lower ...

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S&P 500 Goes Into the Weekend With Mixed Trading Bias

US 500: Retail trader data shows 25.0% of traders are net-long with the ratio of traders short to long at 3.0 to 1. The number of traders net-long is 2.1% higher than yesterday and 6.4% higher from last week, while the number of traders net-short is 2.8% higher than yesterday and 4.4% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are...

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Pound May Trade Higher Based on Bullish Trading Bias

GBPUSD: Retail trader data shows 49.6% of traders are net-long with the ratio of traders short to long at 1.02 to 1. The percentage of traders net-long is now its lowest since Nov 01 when GBPUSD traded near 1.32549. The number of traders net-long is 0.9% lower than yesterday and 15.6% lower from last week, while the number of traders net-short is 10.0% higher than yesterday and 18.2% higher from last week. We typically take a contrarian ...

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