Weekly COT Report: USD Longs decreased further

CFTC COT Data

  • US Dollar net long position $24.5 Billion, decreases 31%
  • Net Australian Dollar short $314 Million, decreases 71%
  • Net Japanese Yen short position $8.2 Billion, decreases 30%
  • Net Euro short position $12.6 Billion, decreases 35%

EURUSD Outlook – Bullish

  • Momentum active buy signal continues at highs
  • Index active continues at highs also
  • Strength still negative but coming off lows
  • Order Flow Trader bullish

eu1

 

GBPUSD Outlook – Bullish

  • Momentum active buy signal off highs slightly
  • Index active buy signal narrows
  • Strength still negative
  • Order Flow Trader Bullish

gu1

 

USDJPY Outlook – Bullish

  • Momentum active buy signal ticks higher
  • Strength still positive, continues at highs
  • Index active buy signal continues along highs
  • Order Flow Trader Bearish

uj1

 

USDCHF Outlook – Bearish

  • Momentum presses up off lows
  • Strength active sell signal still at lows
  • Index active sell signal still at lows
  • Order Flow Trader Bearish

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AUDUSD Outlook – Bullish

  • Momentum ticks down from highs
  • Strength still negative
  • Index moving lower from highs
  • Order Flow Trader Bearish

au1

 

USDCAD Outlook – Neutral

  • Momentum ticks lower again having rebounded from lows recently
  • Strength continues higher
  • Index still negative but continues near mid-line
  • Order Flow Trader Bearish

ucad1

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