The positions below represent the institutional positions held as of November 19th 2019!
📊 In the Markets: We are starting to see some signs that the institutions might be preparing for a move higher on the #dollar. We see them reducing short exposure on some of the #dollar pairs and it’s interesting to see where on the charts they are doing this. It is early to tell for sure but early signs are suggesting this. We’ll continue to monitor these positions until some definitive proof presents itself. In the meantime, we have #gold finishing off the week fairly weak and if this momentum continues into this week, we’ll surely see a move lower begin to form, one that may just be the push into the meat of the weekly demand zone we’ve had mapped out for some time now.
The #pound started reacting downwards last week as well, and when we examine the pound pairs we can see that they were all set to drop. We covered this is a #market outlook video and discussed the fact that most pound pairs were hitting higher timeframe supply so we expected a move lower to take place. Now we also know that the #gbpusd hit some monthly demand and broke momentum to the upside which caused new demand to form and at this time, is being validated. If it indeed becomes validated, this will be a major statement to us and we must see this as a potential launch pad for more highs to come in the future. For now, we will continue to monitor this chart and their positions.
The #audusd is also holding the lows well with the weekly supply that has been in play for many weeks now. Very crucial moment here because we are watching for either a continued move lower or the weekly structure to break to the upside. #audnzd weakness can surely continue with higher timeframe supply in play, which tells us that the #aud will surely be weaker that the #nzd.
Overall, some nice moves are expected soon and when they take place, we believe they will be significant.
🎩 Magic Trader!
🏫 White Oak University 👩🎓 Students 👨🎓 you can see the full report here: https://www.whiteoakfx.com/the-araujo-report
🚨🏆 Win a FREE month tuition paid by us by following us on Twitter @WhiteOakFX and Retweet our links and SHARE our YouTube videos to continue getting them for FREE!
👇📺🚨 Here was last weeks video provided to members 🚨📺👇
Comments