Forex Strategy Video: Gauge AUDUSD Reversal With Speculative Positioning
We use fundamentals, technicals and even backdrop market conditions to shape trade opportunities. Yet, all of this analysis inherently attempts to project the same thing: how the market will position moving forward. If we are trying to assess how the massess will shape price, we should guauge how they are currently positioned to guage reversals, momentum or congestion. In today's Strategy video, we look at the USDollar, AUDUSD and USDJPY using the Commitment of Traders report and DailyFX SSI index.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.