COTA is neither leading, co-incident, or lagging, but rather a tool that simply shows you the positions of hedge funds on the previous Tuesday. It shows the supply/ demand for currencies in the market on a long-term basis, and it used as a way to gauge market positioning. It has no predictive power, and is only to be used once fundamental analysis has been conducted on the economies first (i.e. macro tech --> COTA --> TA ---> Risk Management)
COTA is neither leading, co-incident, or lagging, but rather a tool that simply shows you the positions of hedge funds on the previous Tuesday. It shows the supply/ demand for currencies in the market on a long-term basis, and it used as a way to gauge market positioning. It has no predictive power, and is only to be used once fundamental analysis has been conducted on the economies first (i.e. macro tech --> COTA --> TA ---> Risk Management)