The DOllar has been in a decline over the last couple of months, We can see from tracking how the COT INDEX
COT Index in Forex for 6 months and 36 months
The 6-month and 36-month time frames typically refer to the historical analysis of COT data for specific currency pairs, providing insights into:
6-month COT Index:
This reflects the trading positions over the past 6 months.
It shows the trends in how market participants (e.g., hedge funds or commercial traders) have been positioned recently.
Traders typically use this shorter time frame to gauge recent trends and near-term sentiment.
A higher COT Index value indicates that speculators have a larger net long position, suggesting potential bullish sentiment, and vice versa for a lower COT Index.
36-month COT Index:
This reflects the trading positions over the past 3 years.
It provides a longer-term view of trader positioning, helping to identify historical trends and market cycles.
A higher 36-month COT Index suggests persistent bullish positioning over the longer term,
we can see the Dollar has been bought up at WEEKLY Demand, we will start looking for a shift to buy the Dollar on a daily chart.
COT Index in Forex for 6 months and 36 months
The 6-month and 36-month time frames typically refer to the historical analysis of COT data for specific currency pairs, providing insights into:
6-month COT Index:
This reflects the trading positions over the past 6 months.
It shows the trends in how market participants (e.g., hedge funds or commercial traders) have been positioned recently.
Traders typically use this shorter time frame to gauge recent trends and near-term sentiment.
A higher COT Index value indicates that speculators have a larger net long position, suggesting potential bullish sentiment, and vice versa for a lower COT Index.
36-month COT Index:
This reflects the trading positions over the past 3 years.
It provides a longer-term view of trader positioning, helping to identify historical trends and market cycles.
A higher 36-month COT Index suggests persistent bullish positioning over the longer term,
we can see the Dollar has been bought up at WEEKLY Demand, we will start looking for a shift to buy the Dollar on a daily chart.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.