SUPPLY & DEMAND ZONES
Take note of the GREEN demand zones and RED supply zones mapped out below. These are the areas of interest for me because this is where there is a great deal of demand to fill buy orders and supply to fill sell orders from the institutions. SHADED GREEN ZONES = Strong Buy Zones
SHADED RED ZONES = Strong Sell Zones
Commitment Of Traders Report: Institutional traders are VERY LONG biased. Perception of Monetary Standing: HAWKISH
US DOLLAR => COT REPORT: Institutional traders are LONG biased.
Perception of Monetary Standing: HAWKISHNotes: The hedge funds added to their long positions and increased their exposure to 93%, up from 88% last week. Although not much has changed with the Euro, maybe this increase is a inside look at what might play out with the Euro this week. Net change last week was a positive 17k as we saw price react from the Daily bullish engulfing. Definately seeing the pressure to the upside continue with the USD now.
AUDUSD => COT REPORT: Institutional traders are SHORT biased.
Perception of Monetary Standing: NUETRAL
Notes: The commercials increased their long positions from 48k to 64k favouring a drop on the Aussie. The Hedge Funds increased their shorts as well from 121k to 132k and with WK inherited Demand @ 0.7250's, there's no reason why a drop can't continue in the coming weeks.
USDCAD => COT REPORT: Institutional traders are LONG biased.
Perception of Monetary Standing: NUETRAL
Notes: Hedge funds added to their longs from 46k to 68k while the commercials increased their shorts from 44k to 63k bringing the totla differnce to positive 79k. Thats a massive move to the long side for the Loonie as we saw price create an up-trend on the WK chart. MN supply is tested and might have absorbed all the sell orders at that level, a contiuation of the trend is a high probability with these numbers. Only thing is that that total long exposure of the Hedge Funds is 65%, we would like to see this number in the 70's or even the 80's for even more support. The increase in the USD will help this rally for sure.
USDCHF => COT REPORT: Institutional traders are SHORT biased.
Perception of Monetary Standing: DOVISH
Notes: A slight increase in the longs by the big guys last week, nothing drastic. The short exposure sits at 75% now which is a small decrease from the 78% the previous week. Price is sitting at tested WK Supply so it'll be interesting to see how things play out.
EURUSD => COT REPORT: Institutional traders are SHORT biased.
Perception of Monetary Standing: VERY DOVISH
Notes: The Euro once again sits at the same spot as the last few weeks. No big changes to speak of as we have watched the EURUSD do pretty much nothing. As mentioned above, since we see strength coming into the USD this can be an indication of a Euro drop to come. So let's stay posetd closely on this pair and we just may see a continuation of the down trend even thought some "positive" Greece news has since been released.
GBPUSD => COT REPORT: Institutional traders are SHORT biased.
Perception of Monetary Standing: NUETRAL => HAWKISH
Notes: Hedge Funds decreased their longs from 53k to 39k and their shorts from 66k to 62k with net changes being -22k favouring the downside. Although price has bounced off of a WK DZ with TL confluence, MN 20 EMA might be acting as a road block with a positive USD helping out with a drop in the coming weeks. Just saying!
USDJPY => COT REPORT: Institutional traders are LONG biased.
Perception of Monetary Standing: VERY DOVISH
Notes: After the profit taking we noticed two weeks ago, last week was no exception with long positions dropping from 124k to 109k. Total long exposure also dropped from 73% to 70%. Still long bias especially after hitting the WK DZ and WK ascending TL. Most likely we'll see the Hedge Funds added to their long positions on this coming Fridays report.
NZDUSD => COT REPORT: Institutional traders are SHORT biased.
Perception of Monetary Standing: DOVISH
Notes: Long positions decreased from 16k to 14k, with the commercials overall long exposure being 91% the bias still remains to the short side.
So what do we have here, the Hedge Funds are driving the USD back up towards their highs, increasing their long exposure in the process, while keeping the EURUSD at a standstill until possibly some Euro data on Thursday? Well as mentioned, is the USD positioning is any indication, I think we may see more downside than up on the EURUSD in the coming weeks. I'll be keeping a close on eye the charts to see the reactions from the Supply and Demand zones. The USDCAD, USDCHF and USDJPY are sure to enjoy the momentum picking up on the USD with continued upside pressure coming into this week. Lets watch and see if this continues into next week for some great trading opportunities!
Be well my friends.
Notes: Trend is down on the monthly, bearish consolidation on the weekly and bullish consolidation on the daily chart.
THE SETUP: ->
Video Link ==>
$USDCAD -> Commitment Of Traders Report: Institutional traders
are SHORT biased. Perception of Monetary Standing: NUETRAL
Notes: Trend is up on the monthly, bullish consolidation on the weekly and bearish consolidation on the daily chart.
THE SETUP:
THE SETUP: ->
Video Link ==>
$USDCAD -> Commitment Of Traders Report: Institutional tradersare SHORT biased. Perception of Monetary Standing: NUETRAL
Notes: Trend is up on the monthly, bullish consolidation on the weekly and bearish consolidation on the daily chart.
$USDCHF -> Commitment Of Traders Report: Institutional traders are SHORT biased. Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, bullish consolidation on the weekly and down trend on the daily chart.
THE SETUP:
THE SETUP:
Notes: Trend is down on the monthly, bearish consolidation on the weekly and bullish consolidation on the daily chart.
THE SETUP:
Video Link ==>
THE SETUP:
$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. Perception of Monetary Standing: NUETRAL
Notes: Trend is bearish consolidation on the monthly, up on the weekly and up on the daily chart.
THE SETUP:
THE SETUP:
Notes: Trend is down on the monthly, down on the weekly and bearish consolidation on the daily chart.
THE SETUP:
Video Link ==>
THE SETUP:

$GBPNZD ->
Notes: Trend is up on all time frames so looking for a pull-back into either 240 or daily demand. I prefer the daily demand zone.
THE SETUP (May 12): LONG @ 2.0677, SL @ 2.0500, TP - technical stop

Commitment Of Traders Report: Institutional traders are VERY LONG biased.
Notes: Trend is down on the monthly, bullish consolidation on the weekly and bearish consolidation on the daily chart. Called the bounce @ 1170 to a tee. RSI on the MN and WK chart suggest more upside towards the 1280's.
THE SETUP:
Video Link ==>
Commitment Of Traders Report: Institutional traders are LONG biased.
Notes: Trend is down on the monthly, bearish consolidation on the weekly and up on the daily chart. A little more push up it seems until hitting MN supply and descending TL so expecting more downside from there.
THE SETUP:
Commitment Of Traders Report: Institutional traders are VERY LONG biased.
Notes: Trend is down on the monthly, up on the weekly and up on the daily chart. WK chart hitting a flip zone so may drop to the 56's, if not head up towards the 66's.
THE SETUP:
Video Link ==>
Commitment Of Traders Report: Institutional traders are VERY SHORT biased.
Notes: Trend is down on the monthly, bearish consolidation on the weekly and up on the daily chart. MN descending TL about to be hit while WK supply being tested a second time with D supply up ahead.
THE SETUP:
Video Link ==>
Notes: Trend is down on the monthly, down on the weekly and bearish consolidation on the daily chart.
*WK SZ and WK TL in control
*WK SZ and WK TL in control
THE SETUP: LONG @ 0.7365, SL @ 0.7306, TP - technical stop
Video Link ==>
May 18 (10:15pm) -> Trade Activated.
May 20 (9:30am) -> Trade Closed early for small loss.
Trade Review -> https://www.tradebench.com/share_trade/c09da628ffcf32f27aaae7ac4f6a29f1
Video Link ==>
May 18 (10:15pm) -> Trade Activated.
May 20 (9:30am) -> Trade Closed early for small loss.
Trade Review -> https://www.tradebench.com/share_trade/c09da628ffcf32f27aaae7ac4f6a29f1






































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