Trading Smarter with MRKT's Currency Tools

When trading forex, it's not just about price action—it's about understanding sentiment, fundamentals, and what other traders are doing. MRKT provides all the insight you need in one place to build stronger, more confident trades.

A Complete Overview of Currency Sentiment

This section of the platform is your go-to source for everything related to the major currency pairs. These include highly liquid, globally traded currencies that influence markets daily.

To the left, you can monitor real-time price changes. But the most valuable feature is the brain icon next to each pair. Clicking this opens an AI-powered technical and fundamental analysis window. It's perfect if you're looking to explore a new pair without adding it permanently to your personalized dashboard.

This is where the decision-making process begins. You get a solid breakdown of current price structure, fundamentals influencing the pair, and the overall tone of the market. But before entering a trade, there's one more crucial layer: retail sentiment.

What Are Other Traders Doing?

On the right-hand side, you'll find retail positioning data, sourced directly from Dominion Market brokerage. This tool tells you the percentage of traders currently buying vs. selling a specific pair. Scroll through the list to compare sentiment across multiple pairs.

For instance, if a majority of retail traders are short on XAUUSD, but the pair is in an uptrend, that could serve as a contrarian indicator. This data adds a behavioral edge to your trade ideas.

FX Market Summary: Sentiment + Fundamentals in Context

Before you hit "buy" or "sell," check the Currency Market Summary. This gives you a quick view of the sentiment and key fundamental drivers for major currencies.

When analyzing a pair like EURUSD, understanding both EUR and USD individually is essential. For example, if both are weak, the pair might consolidate. If one is significantly stronger than the other, a trend may emerge.

Case Study: GBPUSD in a Consolidation Phase

• AI Analysis (Brain Tool): GBPUSD is consolidating near the 1.3280 zone. Why? USD is weak due to poor job data and expectations of a Fed rate cut. GBP is also weak due to BoE rate cut expectations and soft economic data.
• Retail Positioning: Roughly 43% of traders are long. The balanced distribution suggests indecision and aligns with the consolidation.
• FX Market Summary: USD shows mild bearish sentiment, while GBP remains neutral.
• Chart Structure: Confirms a sideways movement, with no clear breakout yet.

Now imagine price hits the upper boundary of this range. You're unsure whether to close or hold your long. MRKT tools help clear the fog:

• Fundamentals haven't changed.
• Retail positioning is still evenly split.
• There's a key upcoming economic event that could act as a catalyst.

This added confirmation helps reduce emotional trading, letting you stay grounded and logical. It tells you when to stay patient, when to scale in, and when to step back.

When to Take High-Conviction Trades

These tools also show you when not to trade. If both currencies are weak strong, it's often better to wait. The ideal scenario is when one currency is fundamentally strong and the other weak—that's when trends form, and high-conviction setups appear.

With MRKT, you're not trading in the dark. You're trading with context, sentiment data, and fundamental alignment—exactly what separates professionals from the rest.