How Institutions Position Themselves In Dollar This Week
For Dollar, the latest COT as of Tuesday, Mar 27, 2018, institutions added more bearish bets by 1,696 contracts to net short 1,760
3,314 longs were added, but 5,010 shorts were added as well, Now Longs total 24,264 contracts vs shorts total 26,024 contracts .
48% long exposure vs 52% short exposure , Longs dropped 2% and shorts added 2% from the previous week
Dollar continues below near term resistance at 90.50 with support at 88-89 area. Price has been in this range for last 10 weeks
Long term Bearish, Short term price consolidated with bearish outlook
Please note institutions take weeks and months to build a position in the currency market. For dollar, they have been decreasing their net long positions for over a year
Therefore, the bearish sentiment is more for long term outlook, not intended for short term trading.
For Dollar, the latest COT as of Tuesday, Mar 27, 2018, institutions added more bearish bets by 1,696 contracts to net short 1,760
3,314 longs were added, but 5,010 shorts were added as well, Now Longs total 24,264 contracts vs shorts total 26,024 contracts .
48% long exposure vs 52% short exposure , Longs dropped 2% and shorts added 2% from the previous week
Dollar continues below near term resistance at 90.50 with support at 88-89 area. Price has been in this range for last 10 weeks
Long term Bearish, Short term price consolidated with bearish outlook
Please note institutions take weeks and months to build a position in the currency market. For dollar, they have been decreasing their net long positions for over a year
Therefore, the bearish sentiment is more for long term outlook, not intended for short term trading.
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