Sterling on a Slide
November 15, 2018 12:34 pmVideo
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This is the Dukascopy Midday Snapshot, where we take a look at how market participants have performed over the 12 hours to midday.
Euro/Dollar has seen its trend change and no change in price was posted at noon after the pair walked in a total range of 81 pips. Traded volume is high and neutral sentiment is at an even balance. Success depends on the timing of the trades as a single trend hasn’t formed.
Pound/Dollar plummeted by a total of 281 pips and the pair stood 1.31% in the red at noon. The Cable sees more 210% more than typical funds and neutral sentiment of the traders is 4% long. Late slide makes a successful morning session very much likely for bears.
Dollar/Yen rose from the daily low after declining by a total of 36 pips. Traded volume is average and sentiment of the trader is neutral, 14% short. Gradual decline provided some chances for bears, but the late rise was good news for bulls.
Pound/Yen dropped sharply and a loss of 1.38% has been posted. This pair sees 266% more than average funds and neutral sentiment of the traders is 8% short. Late slide provided bears with solid profit opportunities.
Euro/Yen’s trend has changed and the pair was back near the opening level at 12 o’clock. Traded volume is high and most of the funds were in short positions. Traders had their profit chances as the rate moved South by more than 100 pips after 7 AM.
I’m Kiays Khalil and that brings Thursday’s Midday Snapshot to an end.
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