Saturday 11 June 2016

GBP/USD

My latest bearish signal for GBP/USD ratio was on13 February 2016.Since then this ratio dropped by 1.38%.This week I got a bullish signal for GBP/USD based on the total number of new long contracts opened(5,134) vs net number of old short contracts closed(17,589) in the last 3 weeks.Besides I got a bullish PCC = - 0.96  for the British pound in the last 3 weeks.This means a huge divergence between bullish(rising) and bearish(falling) sentiment for this currency in the last 3 weeks.Therefore I expect GBP/USD ratio to rise in the next days/weeks.Check out my strategy and trackrecord2016 file on my free websites:http://futuresandoptions.wix.com/cotswingcharts
http://cotreportfreeswingcharts.my-free.website/

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