In terms of the COT Net Traders Positions the report is one of the best ways to detect trend changes in advance. In a report earlier in the week we looked at GBP/USD in terms of a potential reversal to the downside and this weeks COT report indicates there could be more downside to come...
Read more: Commitment of Traders Report Tips to Trade Trend Reversals GBP/USD Analysis
The USD is set to end the week on a high and while many forecasters see the bounce as just a technical correction we think we could see far more strength ahead...
We have seen major us indices in a big bull run as the AI enthusiasm drives prices higher – we now have a bullish extreme and expect a correction some charts below to consider.
The GBP has seen a major fall to the downside and could be set for more weakness – Our view of the fundamental’s sentiment and key technical levels to look out for are noted below.
Read more: GBPUSD Analysis and Forecast – Trading Sentiment Extremes
The USD has seen a big fall on the SEK and NOK, but the move is overdone and we would expect the USD to rally back strongly to the upside...
