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Pivot: 98.9 Our preference: Long positions above 98.9 with targets @ 100 100.8 in extension. Alternative scenario: Below 98.9 look for further downside with 98 97.15...
Pivot: 94.80 Our preference: SHORT positions below 94.8 with targets @ 92.45 91.9. Alternative scenario: The upside breakout of 94.8 will open the way to 95.6...
Market structure argues that it is better to be long EUR than GBP and perhaps even EURGBP outright. Keep an eye on the EURAUD as well…conditions...
Pivot: 129.3 Our preference: Long positions above 129.3 with targets @ 131.5 132.15 in extension. Alternative scenario: Below 129.3 look for further downside with 128.4 127.25...
Our sentiment-based strategies have had a great week trading the Japanese Yen meltdown, and retail forex crowd extremes offer a number of attractive trades in Yen...
AUDUSD – A substantive break higher in the Australian Dollar has been met with aggressive forex trading crowd selling, and our contrarian view to sentiment favors...
GBPUSD – Retail forex trading crowds have become aggressively short the British Pound against the US Dollar (ticker: USDOLLAR) as GBPUSD short orders have surged by...
EURJPY – An astounding reversal in the Japanese Yen following the Bank of Japan’s interest rate decision has led to a surge in retail crowd JPY...
Gold–Retail forex traders have bought aggressively into Gold declines versus the US Dollar (ticker: USDOLLAR), and a contrarian view of crowd sentiment warns against trying to...
SPX500 –Retail CFD speculators are near their most net-short the SPX500 contract on record, and such incredibly one-sided sentiment suggests that selling at these levels is...