SigmaTrading

SigmaTrading

The JPY continues to be in its strongest COT position for the past more than a decade. The question here is not – “Will the contracts start to reverse?” , but “When will they?” . As we know such peaks lead to long-term trend reversals and right now, we are close to one. The upper trendline of the weekly closed triangle has been respected many times and...

SigmaTrading

From a COT perspective the EUR is at record high long contract sizes and we can expect that price continues its bullish movement for a second top near 1.09000. Right now price broke below the channel, but demand pressure is expected to kick in near 1.07450. Our TP level will be the upper trendline of the channel and the daily critical area at 1.08500. Happy trading!

SigmaTrading

From a COT perspective, we can notice that the GBP is continuing its strong growth in long contract sizes. From a technical perspective, in the beginning of August we also got a strong confirmation that price will remain above the monthly upper trendline. This is a clear indicator that GBP/USD will continue its momentum towards the 1.35000 Area Price will start...

SigmaTrading

From a COT perspective, we can see that gold is starting to lose its momentum. After building a second, smaller top, we can prepare for a possible correction towards the 1500.00 area. Why there? We have a double confirmation point from the 0.618 Fibonacci level and a monthly critical zone. This makes this area a perfect demand spot. A good indicator for this to...

SigmaTrading Updated 

As most of you guys know, I really enjoying analysing the Canadian dollar since the fundamentals behind it are really fascinating. Most of the people think that when something influences the USD or the west as a whole, the CAD should follow it as well. But it doesn’t work this way and history has given as a few examples such as the recession back in the 2000’s...

SigmaTrading Updated 

Yellow zone - critical supply/demand area based on the weekly timeframe Red zone - critical/supply demand area based on the daily timeframe According to the latest GBP COT Report we can see that the Sterling is starting to show a strong momentum in favour for the long contract sizes. If this continues, we can see a possible attempt for the GBP/NZD to reach the...

SigmaTrading

Latest COT Data on GBP shows that the long contracts maintain their strong, bullish short-term momentum. This means that price will most likely push towards the 142.500 and 143.000 level. After that a correction will most likely take place, since the 142.500 zone is also a supply area which also aligns with the weekly upper trendline. We need to give our trade...

SigmaTrading

From a COT perspective, we can see that the JPY continues to have a strong long contract momentum. This week the big players dropped a large chunk of short contracts. From a technical perspective, we are entering a critical supply area. This and the COT data are enough for us to enter a trade with a good Risk to Rewards ratio. Our target will be the 109.000 level...

SigmaTrading

From a COT perspective, Silver has started showing a weaker momentum than before in its long size contracts. That doesn't mean that a second top won't happen and this is why we will capitalize from it. The 0.5 Fibonacci level at 20.50000 is now a serious demand zone since it is a monthly critical level and it also aligns with the neckline of the "W" structure...

SigmaTrading

Latest COT Data on GBP shows that the long contracts maintain their strong, bullish short-term momentum. Price will create a new HL at the daily critical demand area near 1.28000 and move towards the monthly supply area near 1.34000. Stop loss moved further below in case that price goes for a 0.618 re-test. If you like my GBP/USD idea, please leave a like or...

SigmaTrading

We have a pretty interesting situation with the USD/NZD pair and this can open a few opportunities which we can capitalize from. From a COT perspective the New Zealand Dollar is in a neutral position. Neither long nor short contracts dominate the market and this gives a chance for the US Dollar to shine. A further decline in gold price may be a signal for the...

SigmaTrading

After gold hit historical values last week, we can prepare for a bearish correction. According to the COT Data it still has strong contract sizes, but the current momentum is weaker that the one from previous weeks. From a technical and a COT perspective there are 2 possible scenarios for XAU /USD: 1. A correction towards the 0.236 Fibonacci level. It aligns...

SigmaTrading

We have an interesting opportunity from the GBP/AUD pair. According to the COT GBP reports from the past few weeks, we can notice that the short-term dominance of the long contract is starting to reverse the overall positions. This can lead to a move for the 0.382 Fibonacci area near the 1.88000 mark. On the weekly timeframe we can see that price broke below...

SigmaTrading

The EUR/CHF situation is quite interesting, and it will soon give a few possibilities for us to trade. Right now, price is trying to break the weekly channel for a third time and if we see a close above the 1.07500 area, we can expect price to move towards the next weekly supply zone near 1.10000. On the 4H timeframe after price broke the closed triangle...

SigmaTrading

According to the latest CHF and JPY reports we can see that both pairs are holding strong positions in favour of the long contract sizes. However, the momentum of the Yen is much stronger, and it will be the decisive figure for this pair in the upcoming weeks. From a technical perspective, on the monthly timeframe, we must at least see a rejection from the...

SigmaTrading

The EUR COT Report came in positive once again and pushed the record long contract sizes even more. A few days ago, we’ve reached a major supply zone which may be a trigger for a increase in the short contract sizes. As we predicted for the EURCAD, price reached right below the 1.60000 area, where it was met by strong supply pressure. This may push price...

SigmaTrading

According to the latest GBP COT Report, we can see that the Sterling is getting even a stronger upward momentum due to its increasing long size contracts. If we see this trend continuing, we can expect a possible 160.000 attempt, where there will be a second touch with the monthly trendline. We can expect this to happen in the upcoming 2021. After price got...

SigmaTrading

When we compare last week’s EUR and NZD COT Report, we can see that the EUR is dominating once again with its long contract positions. This week we saw another huge increase and for the near future we can expect the EUR to hold its strong upward momentum. This may lead the EUR/NZD pair to reach the psychological 2.0000 mark. For more than 3 years now, price...