Triple Witching

ADX is typically used to identify whether the market is ranging or starting a new trend. Here’s how traders usually read ADX signals:

The value of net long bets on the Greenback edged lower. And the latest COT forex positioning report reveals that euro bears were abandoning ship while even more yen bears came out of the woods.

Here are some questions you can ask yourself as you review how your recent trade went.

The value of net long bets on the Greenback climbed further. However, the latest Commitments of Traders forex positioning report from the CFTC reveals that the Greenback advanced mainly at the yen’s expense.