Winners Edge Trading Daily insights

EURO ——> More Bearish Bias
This week we can see a huge number of speculators went short and I say huge because this shows that now the overall sentiment is specifically bearish in this pair. Have a look at the figure below and you can find out speculators are now net short 15290 which shows 8042 added net short contracts from past week, Almost doubled!

COT Indexes also plunged for the third week and still indicates bearish momentum:

Sterling ——> More Bearish Bias

I called GBPUSD short four weeks ago and exactly when the price was near 1.6100. It plunged more than 600 pips after that COT report and this week we can see a large group of speculators went short; more than 8000 traders and this indicates that overall sentiment is still bearish in GBPUSD.
COT13 Indexes are still approving the down momentum and they are falling for more than 5 weeks.
Kiwi ——> Still Bearish

Kiwi contracts remained unchanged and charts above showing a small decrease in long contracts and COT Indexes are already near 100 and surely below 100. My bearish bias from two weeks ago is still alive and I expect a sharp bearish move in NZDUSD will begin soon.
Technically I’m looking for the daily trendline I mentioned two weeks ago to be broken and then bears will get more power to shoot the pair near 0.7000 level.
Loonie ——> Still Bullish

It seems that Loonie is the safe haven for traders now and if you see figures above you can find out speculators have got 10000 added long contracts and it indicates that USDCAD cross should fall more in this week and traders still like Canadian bulls.

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