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Forex Commitment of Traders Fundamental and Technical Analysis 14 Jan
hello good morning and welcome he's Saturday the 14 and I thought we have another look at the commitment of traders reports we touched on them a bit yesterday and I'm gonna start efficacy Australian dollar and you can see the graph at the bottom it has the blue line and the red line a red line is speculators and the blue line is commercials and they're completely opposed to each other for speculators again at zero and the commercials rougher 200 basically the weight of the money in America is is weighed against the Australian dollar so we will be looking for rare a bit of movement short on the australian dollar to the u.s. not next one is up with a british pound again not so convincing but the commercials a heavily Bond of the British Pound is very oversold at the moment it made you lowered and we're expecting a correction a fish-eater swing trade and it's not really i've definitely take screen so we might reevaluate if he does shoots of my tree evaluate I'm short on that next one we've got we've got the Canadian dollar we are short the canadian dollars on the US dollar and that's why you see what the commercials are telling us they're looking at they're putting their money short on the canadian dollar the canadian dollar is obviously oil backed currency and we believe that oil at the moment in a little bit overboard and we've got two or three positions long the US dollar sorts at $18 took a little bit of a hit on it the other day in friendly yet and the dollar in short and we're looking for that to come back next pair we've got us you got the euro ah yeah the commercials on this chart are slightly long in fact very long I don't feel I don't feel I I'm short I'll have been a cup of times when I thought knocked out US dollar euro euro US dollar so well we will see how that goes I thought them not one of pairs of I trade all that often has big swing and expand beyond six book Jack me yep I am I was quite heavily into this this week and I was quite heavily short and you can see that the way the charts telling us short and yeah it is the usd/jpy is over force at the moment and so we're expecting a correction sales on so we're yes I think that will continue and that's where I thought my money so anyway that's the commitment of traders reports that we've got for this week and hopefully see you next week thank you bye