The Open Positions Summary provides a unique insight into market movements by graphing the entry prices for all currently open positions on OANDA's books.
Why use the Open Positions Summary?
Keep track of the day’s traded positions on OANDA’s orderbook
Analyze support and resistance levels – the larger the position accumulated, the stronger the support or resistance
Look for signals of market reversal – if open positions and open orders both indicate overbought or oversold, the market price might be ready to trade in an opposite direction.
The more long positions shown on the graph, the more bullish is the sentiment of OANDA’s client
Click here to view OANDA’s open positions summary.