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Zack Zarr

FX COT Summary- July-10-2018

By Zack Zarr, in Forex Trade Ideas

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Zack Zarr    5

Zack Zarr
Posted

The EUR and GBP long closing were the biggest events of the past week in FOREX COT Legacy report. The movement in price is not a reflection of the position change though. The price mostly was pushing higher while the longs were being closed. Something to think about!

AUD, NZD, CAD and CHF longs are already in extreme low levels relative to the past 8 years. 

Gold saw some buying over the past week but apparently it wasn't enough to hold price from making new lows. Large speculators seem to have been in some accumulation mode lately. Oil bulls are holding their longs strong with still 88% long exposure.

More detailed analysis will come over the weekend.

 

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For more information on this type of analysis check out the previous posts in the education section of the forum here, here, and there.

 

If you want to discuss further and clarify things, please send me a message to [email protected]

 

Zack

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