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...
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 ...
Another week of heightened volatility in global bond and equity markets proved to be fertile ground for another round of gains by the Japanese Yen. Spurred on by fresh concerns over the Brexit process and the Italian budget saga, GBP/JPY and EUR/JPY were two of the three worst performers, losing -2.45% and -1.53% respectively. More pressure on emerging markets amid trade war concerns weighed on AUD/JPY and NZD/JPY, which sank by -0.97% and -1.96% each. ...
GBPUSD: Retail trader data shows 70.5% of traders are net-long with the ratio of traders long to short at 2.39 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.40482; price has moved 9.4% lower since then. The number of traders net-long is 4.5% lower than yesterday and 7.3% lower from last week, while the number of traders net-short is 1.6% lower than yesterday and 9.7% higher from last week. We typically ...
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