The positions below represent the institutional positions held as of August 13th 2019!
š In the Markets: The key take away for this week was that the #dollar rallied from the weekly demand zone, just as we forecasted, after its drop from the weekly supply we mentioned how price would naturally want to drop to the weekly demand and that took place. This move up from the weekly demand has now pushed price right into the daily supply that was created off the weekly supply that was contacted. Itās incredible to see price play out so predictably and again this is the power of understanding the markets on a deeper level. With the zones playing out as expected, there is no reason to expect them to continue on the journey we have outlines numerous times on the outlook videos and #CFTC data analysis videos.
The #eurusd has its weekly supply now in play and we can see the supply coming into the markets now. We are expecting this momentum to continue in the weeks to come. The #audusd fell short of hitting our short order for entry into a starter position short. We will continue to leave the order open for now. The #pound and pound pairs are all hitting some demand so this week we saw some bullish pressure build. The #usdcad has been working on the weekly supply on its chart, slowly eating away at the orders left behind. We believe with more #dollar strength itās only a matter of time before the weekly supply gets removed. The #usdjpy have been looking very weak amid the #dollar strength and we have been expecting this.
All markets continue to be aligned with our expectations and we will be monitoring possible opportunities for the weeks to come.
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