14.06.2018 – Midday Snapshot by Dukascopy
June 14, 2018 1:16 pmVideo
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It’s 12 o’clock on this Thursday and time for the Dukascopy Midday Snapshot.
Euro/Dollar’s gradual rise was followed by a drop, which puts the pair point 55% in the red. Traded volume is high and neutral sentiment of the traders is 2% long. Bulls had their chances during the rise, but the following slide provided solid profit opportunities for bears.
Pound/Dollar gained a total of 77 pips, before a correction wiped out most of the gains. Turnover is typical and neutral sentiment of the traders is just 1% long. Rise was followed by a decline and success depends on the timing of the trades.
Dollar/Yen dipped below the 110 level after declining by a total of 43 pips. This pair has been traded passively, volume is extremely low and most of the traders have been forecasting the pair to head higher. Decline has brought risks, but there were some chances as the rate rose from the daily low.
A single trend hasn’t formed for the Pound/Yen, which was back near the opening level at noon. Turnover is typical and neutral sentiment of the traders is leaning towards the short side by 12%. Shifting trend has provided both sides with their profit chances.
Euro/Yen plummeted hours into the session and the pair was point 66% in the red at 12 o’clock. This pair sees 37% more than typical funds and they have been mostly in short positions. Late slide makes profits very much likely for investors.
I’m Kiays Khalil and this is how traders have performed so far on this Thursday.
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