By Mike Ber
The following is from ForexAlerts.ca . Their recently launched service has been profitable every month since inception. They cover 5 major currency pairs and also point out opportunities in other pairs. Contact Mike Ber at firstname.lastname@example.org to learn how to be a profitable forex trader.
Below is a chart of the Austrian dollar with the Commitment of Traders data representing the Hedgers and Speculators. You can view the long term chart below but what I wanted to point out is the Hedgers are at an all time higher of 104,269k, which could represent a bottom for this currency. The previous high was 64870 back on June 11th, 2012. The Hedgers, (red line) is composed from net positions (long - short) of producers, mercs, processors. These people are hedgers, they come to market to hedge their risk, not to speculate.
Long term chart of Australian Dollar.
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