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Trade Against The Retail Herd 25th Mar

Pivotfarm's picture
Submitted by Pivotfarm on 03/25/2011 03:17 -0400



 
What's new today?


EURGBP has exploded into the strong long zone with almost 70% of retail traders short after UK Retail Sales data yesterday. AUDUSD is back in the long zone and EURUSD is holding its ground in the long zone. USDCAD after a brief dip in the short zone is now back in the strong short zone. The German Ifo Business Climate is the main retail position moving event of the day.
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Provided by Pivotfarm via the Technical Analysis blog
 
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Fri, 03/25/2011 - 09:19 | 1099072 anony
anony's picture

Not sure what yer saying....

Should the USD/CAD be shorted, meaning that you expect the USD will decline vs CAD?

That's how I've been playing it for months to great effect.

Fri, 03/25/2011 - 07:35 | 1098766 The 22nd Prime
The 22nd Prime's picture

The fiat is dead, long live the fiat.

Do NOT follow this link or you will be banned from the site!