fxTrade for iPhone

Orderbook: Open Positions Summary

 

Orderbook

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.

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