Thread: Instaforex Analysis
Threaded View
-
19-02-20, 06:51 #11Veteran Member Just starting here
- Join Date
- Jun 2013
- Age
- 38
- Posts
- 4,044
- Rep Power
- 0
What are the major institutions trading? | Weekly Commitment of Traders (COT) report (17/2 to 21/2)
On the H4 chart, the price crossed both indicator support lines - the balance line (red) and the MACD line (blue). Marlin is declining in the negative trend zone. The Australian dollar will continue to decline.
Our strongest currency is the US Dollar with a bullish strength factor of 1.73 and with institutions adding more long contracts.
Our weakest currency is the New Zealand Dollar with a bearish strength factor 1.43 and with a net bearish positions of 2,287 meaning that there are a lot of institutions adding on to their short positions (2,983) while at the same time, reducing their long positions (-696).
With a weak NZD and a strong USD, it would be good to look for short NZD/USD positions for this week.
Also worth noting are the weak Japanese Yen, Australian Dollar and the strong Euro, Pound and Canadian dollar.
Analysis are provided by InstaForex
Similar Threads
-
Forex News from InstaForex
By InstaForex Gertrude in forum Advertisement PlaceReplies: 2103Last Post: 16-02-24, 10:27 -
Forex Technical & Market Analysis FXCC
By alayoua in forum Advertisement PlaceReplies: 4Last Post: 07-07-16, 00:25 -
Weekly technical analysis for 3 - 7.12, 2012
By bellalca in forum Affiliate program networksReplies: 0Last Post: 04-12-12, 07:09
Bookmarks