Hello Traders,
I see a good short opportunity on NZDCHF, and here is why:
The Fundamentals: are favoring the CHF over the NZD:
- GDP Growth: (NZD: -0.6% / CHF: 0.0%)
- Inflation: (NZD: 6.7% / CHF: 2.9%)
- Unemployment: (NZD: 3.4% / CHF: 2.0%)
- Interest Rates: (NZD: 5.25% / CHF: 1.5%)
The Sentiment:
- COT Report: shows (44.4%) of future open contracts are long NZD, while (39.1% ) are long on CHF.
- Retail sentiment: 85% of retail crowd are short on NZDCHF
The Technical:
The price is in a healthy down trend with lower highs and lower lows. It made made a pull-back to the /0.38/ fib retracement which is a good risk to reward ratio.
The stop-loss is above the /0.5/ fib.
Trade Safe.
I see a good short opportunity on NZDCHF, and here is why:
The Fundamentals: are favoring the CHF over the NZD:
- GDP Growth: (NZD: -0.6% / CHF: 0.0%)
- Inflation: (NZD: 6.7% / CHF: 2.9%)
- Unemployment: (NZD: 3.4% / CHF: 2.0%)
- Interest Rates: (NZD: 5.25% / CHF: 1.5%)
The Sentiment:
- COT Report: shows (44.4%) of future open contracts are long NZD, while (39.1% ) are long on CHF.
- Retail sentiment: 85% of retail crowd are short on NZDCHF
The Technical:
The price is in a healthy down trend with lower highs and lower lows. It made made a pull-back to the /0.38/ fib retracement which is a good risk to reward ratio.
The stop-loss is above the /0.5/ fib.
Trade Safe.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.