EUR/USD Rises By 31 Pips
February 25, 2019 12:39 pmVideo
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Dukascopy TV Team is back with this week’s first Midday Snapshot.
Euro/Dollar rose gradually by a total of 31 pips and a gain of point 2 percent was posted at noon. Turnover is low and the neutral sentiment of the traders is seven percent short. The gradual uptrend suggests a successful morning session is more likely for those who were in long positions.
Pound/Dollar has walked in a total range of 43 pips and the pair sees a typical amount of funds. The neutral sentiment of the traders is 7 percent long. Rate movement has been generally calm, limiting both profits and losses.
Dollar/Yen declined during the early trading hours, but the following rise has wiped out most of the loss. Traded volume is low and most of the traders have been forecasting the pair to head lower. Trading should be successful if it was done during the early trading hours.
Pound/Yen also rose after the early decline and a slight gain was posted at noon. Turnover is high and most of the funds were driven by bearish expectations. Traders had their profit opportunities shortly after midnight GMT.
Euro/Yen rose after the early drop and a gain of point 16 percent was recorded at midday. Traded volume is average and the neutral sentiment of the traders is 10 percent long. Success depends on the timing of the trades as a single trend didn’t form.
I’m Jack Everitt and that’s it for Monday’s Midday Snapshot.
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