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Trend Followers Pile on Australian Dollar Longs

Trend Followers Pile on Australian Dollar Longs

2012-08-06 23:17:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Latest CFTC Release dated July 31, 2012:

Week (Data for Tuesdays)

52 week Percentile / Comment (if applicable)

US Dollar

69

Euro

33

British Pound

80

Australian Dollar

59

Japanese Yen

57

Canadian Dollar

67

Swiss Franc

16

Gold

14

Silver

45

Copper

6

Crude

57

The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying. A light red colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bearish) with speculators buying and commercials selling. Crosses above and below 0 are in bold. Non commercials tend to be on the wrong side at the turn and commercials the correct side. Use of the index is covered closely in detail in my book.

Charts

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff – Black

Volume on bottom

US Dollar

Trend_Followers_Pile_on_Australian_Dollar_Longs_body_usd.png, Trend Followers Pile on Australian Dollar Longs

Chart prepared by Jamie Saettele, CMT

Euro

Trend_Followers_Pile_on_Australian_Dollar_Longs_body_eur.png, Trend Followers Pile on Australian Dollar Longs

Chart prepared by Jamie Saettele, CMT

British Pound

Trend_Followers_Pile_on_Australian_Dollar_Longs_body_GBP.png, Trend Followers Pile on Australian Dollar Longs

Chart prepared by Jamie Saettele, CMT

Australian Dollar

Trend_Followers_Pile_on_Australian_Dollar_Longs_body_AUD.png, Trend Followers Pile on Australian Dollar Longs

Chart prepared by Jamie Saettele, CMT

Japanese Yen

Trend_Followers_Pile_on_Australian_Dollar_Longs_body_JPY.png, Trend Followers Pile on Australian Dollar Longs

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

Trend_Followers_Pile_on_Australian_Dollar_Longs_body_cad.png, Trend Followers Pile on Australian Dollar Longs

Chart prepared by Jamie Saettele, CMT

Swiss Franc

Trend_Followers_Pile_on_Australian_Dollar_Longs_body_chf.png, Trend Followers Pile on Australian Dollar Longs

Chart prepared by Jamie Saettele, CMT

Gold

Trend_Followers_Pile_on_Australian_Dollar_Longs_body_gold.png, Trend Followers Pile on Australian Dollar Longs

Chart prepared by Jamie Saettele, CMT

Silver

Trend_Followers_Pile_on_Australian_Dollar_Longs_body_silver.png, Trend Followers Pile on Australian Dollar Longs

Chart prepared by Jamie Saettele, CMT

Copper

Trend_Followers_Pile_on_Australian_Dollar_Longs_body_copper.png, Trend Followers Pile on Australian Dollar Longs

Chart prepared by Jamie Saettele, CMT

Crude

Trend_Followers_Pile_on_Australian_Dollar_Longs_body_crude.png, Trend Followers Pile on Australian Dollar Longs

Chart prepared by Jamie Saettele, CMT

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie, e-mail jsaettele@dailyfx.com. Follow him on Twitter @JamieSaettele

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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