GBPUSD: Retail trader data shows 75.8% of traders are net-long with the ratio of traders long to short at 3.13 to 1. In fact, traders have remained net-long since May 06 when GBPUSD traded near 1.30919; price has moved 1.9% lower since then. The number of traders net-long is 11.4% higher than yesterday and 27.9% higher from last week, while the number of traders net-short is 13.4% lower than yesterday and 30.8% lower from last week. more...
Big-picture wedge continues to develop The US Dollar continues to be a difficult market for traders as low volatility puts a strangle-hold on the trading environment. Looking at the big-picture ascending wedge developing it is well within reason to expect more of the same for a little while longer as the pattern continues to fill out towards its apex. This doesn’t mean there won’t be room for opportunities or for a surprise move ...
Bitcoin: Retail trader data shows 79.7% of traders are net-long with the ratio of traders long to short at 3.93 to 1. The number of traders net-long is 2.3% higher than yesterday and 6.7% higher from last week, while the number of traders net-short is 5.3% lower than yesterday and 4.2% lower from last week. more...
Technical Forecast for US Dollar: Bearish We have started the new trading year in earnest, but the Dollar continues to hold to the range it maintained through the final two months of 2018. That is unlikely to be the case for much longer however. The rest rate of volatility has increased across the entire financial system. We have seen volatility in US equities in particular surge both in price-based measures (like the ATR) as well as implied ...
In the aftermath of EUR/GBP's largest climb in a single day since June 2016, the pair is attempting to overturn its dominant downtrend. Looking at the daily chart below, the Euro climbed against the British Pound above the descending trend line from August. However, further upside progress was notably lacking and EUR/GBP was unable to push above the October high. In its attempt to do that, a horizontal range of resistance has formed between ...
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