In this report if you notice, the euro shorts have been increased to 18K and longs have been reduced. this clearly indicates that institutional traders are shorting euro massively but retailers are buying and keeping euro afloat. It is a matter of time when these big guys are going to pull the trigger and bring euro down taking a lot of stops. So be careful of your longs.
The only currency worth mentioning is the AUD which looks stronger but i wouldn't take aud/usd long as well. I would instead sell eur/aud . euro looks the weakest and aud seems the strongest. i can expect a 200 pip move south on this pair this week.
In case of USD, the big boys have kept long and short changes almost similar. it is only a matter of time when they will increase their longs and pull the rug out of retail money. i can be wrong but my experience says they will go for the kill soon.
I don't trade yen much as it has a mind of it's own. but indexes are going up . there could be a consolidation for these next week i suppose. most of the yen pairs should be in consolidation and correction to the downside.
The only currency worth mentioning is the AUD which looks stronger but i wouldn't take aud/usd long as well. I would instead sell eur/aud . euro looks the weakest and aud seems the strongest. i can expect a 200 pip move south on this pair this week.
In case of USD, the big boys have kept long and short changes almost similar. it is only a matter of time when they will increase their longs and pull the rug out of retail money. i can be wrong but my experience says they will go for the kill soon.
I don't trade yen much as it has a mind of it's own. but indexes are going up . there could be a consolidation for these next week i suppose. most of the yen pairs should be in consolidation and correction to the downside.
STING