Cot report From CFTC: Non Commercial
EUR long increased to 104k from 98k
GBP short trimmed to 16k from 21k
JPY long trimmed to 17k from 24k
CHF long 4k vs 4k (No Change)
AUD short trimmed to 1k from 3k
NZD short 0k...
From the present rate 1776 is identifying as an immediate resistance, And Strong swing divergence identifying at 1789.00 price area.
From 5th June a major rising trend line playing as a strong support. Gold still holding this rising trend line. Breaking below this rising trend line, Gold may go for big correction.
From the present rates, 1755...
Latest COT Reports Ended June 26, 2020:
EUR long 118K vs 117K long last week. Longs increased by 1K. GBP short 19K vs 16K short last week. Shorts increased by 3K. JPY long 27K vs 22K long last week. Longs increased by 5K. CHF long 1K vs 2K long last week. Longs trimmed by 1KAUD short 5k vs 7K short last week. Shorts trimmed...
Price action analysis shows that bears are dominating the scheme of things in EUR/USD. So, we should trade in the direction of the bears. In the hourly chart, EUR/USD has a high chance of dropping to 1.1165 or even 1.1120. This gives short-term traders the opportunity to make 80-120 pips by selling EUR/USD at the current market price.
EUR/USD Sell Limit @1.1260SL: 1.1365TP: 1.1160
USDJPY bull pattern got rejected yet again from the March top at 107.500 area. We can sell from here as USD remains weak against all major pairs and take our profits from 106.75 to 106.20 levels. A breakout above 107.70 will be a bullish watch.
USD/JPY Sell @107.25SL: 107.70TP: 106.00
100 hour MA at 0.9489
The USDCHF has continued to find willing buyers against its 100 hour MA. That MA (blue line) currently comes in at 0.94894. That is the good news for the dip buyers. The not so good news is that apart from one run higher that has seen the price move up to the high for the...
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