The price has bounced up towards our profit target previously. Now we remain bullish above 119.45 support (Fibonacci retracement, horizontal pullback support, and recent swing…
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Euro/Dollar has traded in a total range of just 36 pips and the pair sees 34% less than typical funds. Sentiment of the traders is neutral, at an even balance. Changing trend has provided both sides with their chances, but the calm trading along with the narrow price movement range are the limiting factors.
Pound/Dollar rose sharply, but a following slide wiped out all of the gain by noon. The Cable has attracted an average amount of funds and sentiment of the market players is neutral, 11% long. Bulls had their chances during the rise, but the following slide was good news for bears.
Dollar/Yen gained a total of 44 pips after 7 o’clock to hit the daily high at just slightly below the 113 level. Traded volume is average and neutral sentiment of the traders is close to a balance. Late rise was good news for those who had long positions.
Pound/Yen moved sharply up and a gain of point 18% was recorded at 12 o’clock. Turnover is high and sentiment of the traders is neutral, 5% short. Rise suggests a successful morning session for those who had long positions.
Euro/Yen has trended gradually up and the pair was point 24% up from the opening level at midday. Traded volume is low and neutral sentiment of the market players is 10% long. A successful morning session is more likely for bulls, but both the passive trading and the narrow price movement range should be the limiting factors.
I’m Kiays Khalil and this is how traders have performed so far on Monday, but make sure you click back for the hourly updates.
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