What Are The Major Institutions Trading? | Weekly COT Report (24/2 to 28/2)

By | February 25, 2020
InstaForex
What Are The Major Institutions Trading? | Weekly COT Report (24/2 to 28/2)

Relevance up to 18:00 2020-02-25 UTC–8

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The COT Report shows the long and short positions of the major institutions – which currencies they are the most bullish on and which currencies they are the most bearish on. This information is very useful for swing traders who hold positions for more than a day.

The currency with the strongest bullish bias would be the USD, with Institutions adding more long contracts and at the same time also reducing the amount of short contracts that they were holding onto.

The currency with the strongest bearish bias would be the NZD, AUD and following behind the JPY. Institutions are currently holding more shorts and also adding alot more short positions.

The best plays this week would be to:

1) Long USD/JPY

2) Short AUD/USD and NZD/USD

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2020

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AUD/USD coming back up to test key resistance!

AUDUSD currently looking to fill the gap and coming back up to test key resistance level at 0.66517. A further push down towards support at 0.65860 is expected. Indicators are bearish as well

EUR/GBP approaching support, potential bounce!

Price is approaching our first support level where we are expecting a bounce above this level to our first resistance level.

GBP/USD approaching support, potential bounce!

Price is approaching our first support where we are expecting a bounce to our first resistance level. Stochastics is also approaching support where we are also seeing a bullish divergence as well.