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Fundamentales

USDJPY no rally one sided retail traders and relative weakness.This chart is a bit tricky. www.mql5.com It appears bearish long term, however with stocks making new highs many maybe a bit scared to go short this pair. I understand fully on this fear. What scares me is the huge amount of retail longs in this pair. Its about 73%, I do not remember the last time a pair rallied when the retail traders where one sided to this degree. A good example was the start of this week. At 1.4977 16% of EURAUD traders were long.....The chart appeared bearish and I am sure many continued to jump in. I went long but then got scared out before we saw a 230 pips rally in 2 days. I am not taking this off of the technicals I am taking this more on the fundamentals. With the USA having issues at the moment, and OIL down we may see some issues in stocks, however today stocks are up. We will see tomorrow with NFP. I am shorting this pair lets see how it goes. P.S. Interest rate differentials have increased a little so this may also get more longs into this trade.....
Short
by fxlivedaytrading
Time to short before next BTC surge! Nobody wants Eth for Xmass chart analysis - Trend - Bear 26 out 28 three day Candles RED - 3 months non stop price is going down. A recent rejection at Resistance which has happened multiple time consistently over last few months in a few defined descending channel Overall Market sentiment Unnecessary hardfork splitting chain, multiple bugs, no apps except the notoriously failed DAO and notoriously delayed REP. The fundamentals are poor, will need constant good news & a working chain long term to reverse market sentiment. Ethereum has been in free fall for sometime. it recently traded at $5.88 to the ETH, a 7 month low. that was from its previous level of $12 at the end of October 2016 to nearly half of that as of Dec. 6, 2016. Since china meetup 3 months ago where price was at 2400 recent low was 750 with the BTC ratio taking the biggest hammering, when btc has gone down or been sideways Eth has continued to go down in BTC ratio. There was a big short squeeze at the bottom with bigger short positions from months back taking profits & thin book cause a fomo with some speculators buying back in. Why is it falling ? at least four hardforks or more, lost count. which have left investors impatient and exhausted. it started forking at the DAO hack & never stopped. The proverbial last straw seems to be November’s accidental hardfork, which resulted in Ethereum’s two main clients, Parity and Geth, losing consensus. Market sentiment is very bear. there is no reason for that to change anytime soon.
Short
by Greenhill
2