Here is a visual on institutional behavior. What we can see is a continuation of euro longs, declining bullishness on metals and oil, & an extremely bearish reading on yen. The weekly change in activity shows a decrease in long contracts w/ a large increase in shorts for $JPY. pic.twitter.com/8eJOoJBWu9
— A1 Edgefinder | Find your Edge! (@A1Edgefinder) May 2, 2023
My #1 setup for this week... Let's see if it can come into play! Waiting patiently. @A1Edgefinder pic.twitter.com/SiSakL6qu7
— TraderNick (@tradernickfx) February 6, 2023
#USDCAD looking like a great long position. Entry will be taken once confirmation is seen. Ideally around the 50 / 618 fib levels. pic.twitter.com/INJwh2OFse
— ForexxJamess (@EliteTraders_io) March 26, 2023
A historically bearish month is coming up for the Euro. The 10 and 5 year averages are showing downside on $EURUSD ahead. How do you plan to consider this into your trading? pic.twitter.com/KQSMCxBQg5
— A1 Edgefinder | Find your Edge! (@A1Edgefinder) February 27, 2023
When comparing interest rates, $NZDJPY & $USDJPY is the highest yielding pair for the carry trade. With an already bearish yen outlook, investors are more enticed to trade and hold positions against the yen as they will receive a payout each day. pic.twitter.com/XwKHodtgUc
— A1 Edgefinder | Find your Edge! (@A1Edgefinder) May 16, 2023
GBPJPY has gone from a strong sell reading to neutral rating on the EF. This could be an indication of a shift in the pair’s sentiment overall. We could be seeing a buy rating on this pair soon. pic.twitter.com/1iGfhHx9Ci
— A1 Edgefinder | Find your Edge! (@A1Edgefinder) February 27, 2023
With a full market view of major and minor pairs, some factors can be obviously pointed out. Investors are harshly short $NZD as we go into another pivotal rate decision. The crowd also seems to be majority bullish yen regardless of #COT and the BOJ's incredible dovishness. pic.twitter.com/Xow1kDS54N
— A1 Edgefinder | Find your Edge! (@A1Edgefinder) May 22, 2023