Midday Forex Snapshot – November 15, 2017

This is another Midday Snapshot brought to you by the Dukascopy TV Team. Here’s a look at how market participants have fared over the morning session. Euro/Dollar shot up by 68 pips after 6 AM and a gain of point 47% has been posted. Traded volume is extremely high and sentiment of the traders is neutral, 5% short. Steep rise has provided plenty of profit opportunities for those who had long positions.

Pound/Dollar was back near the opening level after walking in a total range of 85 pips. The Cable sees 37% more than typical funds and sentiment is neutral at 3% long. Changing trend has brought profit chances for both sides. Dollar/Yen took a slide and it puts the pair point 62% in the red at 12 o’clock. Traded volume is low and most of the traders have been forecasting the pair to head higher. It has been on a slide, bringing risks for investors, but the slow trading approach should help to minimize losses. Pound/Yen declined sharply in a couple of waves and the pair was point 53% South of the opening level at 12 o’clock. Trading has been active, the volume is high and most of the funds have been driven by bearish expectations. The pair did go per those forecasts, making profits very much likely. Euro/Yen was only slightly in the red after walking in a total range of 55 pips. Traded volume is low and neutral sentiment is leaning towards the long side by 8%. Both sides have had their chances as a single trend hasn’t formed.

This article was originally posted on FX Empire

More From FXEMPIRE:

• The Crude Oil Rally is Threatened by Inventory Build

• Technical Update For USD/CHF, GBP/CHF, NZD/CHF & CAD/CHF: 15.11.2017

• Euro’s Sudden and Strong Gains

• EUR/USD Mid-Session Technical Analysis for November 15, 2017

• E-mini Dow Jones Industrial Average (YM) Futures Analysis – November 15, 2017 Forecast

• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – November 15, 2017 Forecast