Trends Shift During Morning Session
August 28, 2018 12:58 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 declined after midnight, but the trend changed as the daily low was hit and a gain was posted at noon. Turnover is average and neutral sentiment of the traders is at an even balance. Bears had their chances early on, but the following rise was good news for bullish market players.
Pound/Dollar shows a similar trend where the early decline was followed by a rise. The Cable has attracted just half of the monthly average funds and sentiment of the traders is neutral, 9% short. Both sides have had their chances, but the passive trading approach is the limiting factor.
Dollar/Yen rose early on, but a following decline has resulted in a slight loss. Traded volume is average and sentiment of the traders is neutral, long positions are up by 6%. Success depends on the timing of the trades as a single trend hasn’t formed.
Pound/Yen stood slightly in the red at noon after walking in a total range of 43 pips. This pair sees a typical amount of funds and most of them were in long positions. Trading should be successful for bulls if it was done after the early decline.
Euro/Yen moved South during the early trading hours, but all of the loss was recovered later on. Traded volume is average and sentiment of the traders is neutral, short positions are up by just 1%. Both sides have had their profit chances as a single trend didn’t form.
I’m Kiays Khalil and this is how the traders have performed so far on Tuesday.
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