06.02.2018 – Midday Snapshot by Dukascopy
February 6, 2018 1:15 pmVideo
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The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar rose by 84 pips, but most of the gains have been given up. Traded volume is average and neutral sentiment of the traders is 4% short. Both sides have had their profit opportunities as the trend has shifted.
Pound/Dollar moved gradually up to hit the daily high of 1 40, but a following decline has wiped out all of the gains. The Cable sees 34% less than typical funds and sentiment of the traders is neutral, 10% long. Success depends on the timing of the trades as the rise was followed by a decline.
Dollar/Yen’s early slide lasted for hours, but the rate was taken back above the opening level in a following rise. Turnover is high and sentiment of the traders is neutral, 7% short. Bears had their chances early on, but the change in trend was good news for bullish market players.
Pound/Yen has seen its trend shift and the pair was back near the opening level at noon. Traded volume is high and neutral sentiment of the traders is 8% short. Shifting trend has provided both of the sides with their profit opportunities.
Euro/Yen’s drop was followed by a rise as well and the pair was point just slightly in the red at midday. Trading has been active, the pair sees a massive 231% more than typical funds and neutral sentiment is 10% short. Traders have seen chances and risks as both trends have lasted for hours.
I’m Kiays Khalil and that’s how things look so far for currency traders.
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