Elite_Forex

Elite_Forex

Trade Idea for GBPUSD Bias: Very Bearish Overall Score: -12 Commitment of Traders (COT) Bias: -3 The Commitment of Traders data shows a strong bearish sentiment among institutional traders. This suggests that those who have a deeper understanding of the market's mechanisms are heavily favoring the downside. Retail Sentiment: -1 Retail sentiment ...

Elite_Forex

My trading idea on Aud.Usd. The only problem currently is that the retailers are sitting at 70% short and if you follow me for long enough you know that I want to be trading in the opposite direction. If we see push to the higher resistance zone then we can expect the retailers to get stopped out and it will be perfect timing to get into sells. Taking a look at...

Elite_Forex

EURUSD currently has a score of -6, or a Strong Sell rating After adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theEUR has a long percentage of 76.61%, and we see that the USD has a long percentage of 66.95%. This category receives a 0, as institutional traders have no strongly favored asset. Taking...

Elite_Forex

USDJPY currently has a score of +6, or a Strong Buy rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theUSD has a long percentage of 66.95%, and we see that the JPY has a long percentage of 23.84%. This category receives a +2, as institutional traders favor the USD. Taking a look at USDJPY,...

Elite_Forex

EURJPY currently has a score of +4, or a Buy rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theEUR has a long percentage of 78.31%, and we see that the JPY has a long percentage of 23.83%. This category receives a +2, as institutional traders favor the EUR. Taking a look at EURJPY, we...

Elite_Forex

AUDUSD currently has a score of -4, or a Sell rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theAUD has a long percentage of 34.97%, and we see that the USD has a long percentage of 66.39%. This category receives a -2, as institutional traders favor the USD. Taking a look at AUDUSD, we see...

Elite_Forex

The AUDNZD currency pair currently has a "Sell" rating with a total score of -5 after evaluating various factors. First, let's examine the preferences of institutional traders. The AUD has a long position percentage of 38.71%, while the NZD has a long position percentage of 43.82%. As a result, this category gets a score of -1, indicating that institutional...

Elite_Forex

On the 4-hour timeframe, the US30 is showing signs of weakness. The stochastic indicator, which measures the momentum of the price, is currently in overbought territory, indicating that the market may be due for a reversal. A reading above 80 on the stochastic indicator is typically seen as a bearish signal. Furthermore, the price has been trading below the...

Elite_Forex

NZDUSD currently has a score of -6, or a Strong Sell rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theNZD has a long percentage of 68.75%, and we see that the USD has a long percentage of 69.73%. This category receives a 0, as institutional traders have no strongly favored asset. Taking a...

Elite_Forex

AUDNZD currently has a score of -3, or a Sell rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theAUD has a long percentage of 31.99%, and we see that the NZD has a long percentage of 55.98%. This category receives a -1, as institutional traders favor the NZD. Taking a look at AUDNZD, we...

Elite_Forex

First, let's look at what institutional traders are buying/selling. We can see that the GBP has a long percentage of 37.19%, and we see that the CHF has a long percentage of 21.63%. This category receives a 0, as institutional traders have no strongly favored asset. Taking a look at GBPCHF, we see that retail traders are 84% long, and 16% short. We consider this...

Elite_Forex

/Lately, everyone seems to have forgotten what an important company Advanced Micro Devices (NASDAQ: AMD ) is. Some traders have dumped AMD stock as if it were toxic. They appreciate the ongoing tension between the US and China. Still, investors shouldn't dismiss Advanced Micro Devices, as the chipmaker's products are still cutting edge and indispensable. The...

Elite_Forex

Even though the S&P broke the previous summer low if Monday opens higher we can expect that this was a fakeout and the double bottom pattern will come into play. The overall fundamental picture is more critical and dominant than some lines on the chart. However, still, it can be a high-risk, high-reward trade that can come into great use if we already have some...

Elite_Forex

I believe that the last retracement of the price towards the trend line on EURUSD was due to the pressure of the ECB to contain inflation recently. Certainly, there were rumors that the Russia-Ukraine conflict might be taking a turn. Considered the possibility that the Ukraine-Russia conflict would escalate, and sure enough. The best opportunity given this...

Elite_Forex

Simple technical analyzes. Trying to capture a quick swing upwards before the overall fundamental outlook comes into place.

Elite_Forex

“Cuckoo for Cocoa Puffs”: Ripple CEO Rips SEC as XRP Soars and Ripple pumps 60%. Simple TA trade where we aim for 1:4 RR on the 2HR TF.

Elite_Forex

The GBPUSD is a no-brainer to sell currently, the U.K economy is a joke and the FED is pushing hikes which are leading up to another suspected bullish rally on the USD. We are currently working on our plan of attack for this trade. As the price has broken below strong weekly support, in terms of technicals it would make sense for the price to re-test as...

Elite_Forex

AUDNZD Long: The AUDNZD has been stuck, failing to break above the 1.21 - 1.31 levels. Since 2014. If we can see the price gain enough strength to break above we have a pretty clear run until 1.245. COT data is bearish, however, DXM is also very bearish. So in terms of timing, we will wait for Tuesday when we get updated COT data and see if this is a trade we can...