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Trade Against The Retail Herd 14th Feb

Submitted by Pivotfarm on 02/14/2011 03:24 -0400

Technical Analysis

What's new today?

USDCAD has been in the strong short zone for a while, Fridays action saw a strong drop in the pair and has led to an equally dramatic change in retail positioning, retail traders are now 79.53% long USDCAD the highest level of retail positioning we have seen in a many month. GBPUSD has moved back into the Strong Long zone.

Click image to enlarge

Provided by Pivotfarm via the Technical Analysis blog

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