06.03.2018 – Midday Snapshot by Dukascopy
March 6, 2018 1:56 pmVideo
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The first half of the trading day is over and it’s time for us to take a look at the performance of the traders with the Dukascopy Midday Snapshot.
Euro/Dollar jumped hours into the session and a gain of point 49% has been posted. Traded volume is average and neutral sentiment of the traders is 6% long. Late rise suggests a successful morning session for those who had long positions.
Pound/Dollar’s gradual decline has been followed by a rise, which has wiped out all of the loss. The Cable sees 21% less than typical funds and neutral sentiment is 10% long. Bears had their chances during the early trading hours, but the following rise was good news for bulls.
Dollar/Yen rose from the daily low and all of the loss was cancelled out by noon. Traded volume is average and most of the traders have been forecasting the pair to head higher. Trading should be successful if it was done after the daily low was hit.
Pound/Yen has moved sharply up from the daily low by a total of 132 pips. Turnover is high and most of the traders have been in long positions. Traders saw solid profit opportunities as the pair surged hours into the session.
Euro/Yen shows a similar pattern and a gain of point 58% was posted at 12 o’clock. Traded volume is high and neutral sentiment of the traders is 8% short. Shifting trend suggests timing is key for successful trades.
I’m Kiays Khalil and this is how the traders have performed so far on Tuesday.
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