January 4 - 8, 15-weeks Rate Of Change
Rankings
NZD - 9.9
GBP - 5.80
AUD - 5.53
CAD - 5.15
CHF - 5.11
EUR - 3.17
JPY - 2.33
USD - 0
As per COTR, it shows similar information whereby NZD's Net Position continues to increase from 4.9K to 13.6K in the last 15 weeks (from -40k to 13.6 for year 2020). As for USD's Net Position continues to decline from -5.7K to -14.8K in the last 15 weeks (31.2K to -14.8K for year 2020).
There might be a pull back (profit taking) from time to time but the general trend for 3-6 months shows that the uptrend markets are those with strong currency while the downtrend markets are those with weak currency.
Watch list
NZDUSD - buy bias
NZDJPY - buy bias
GBPUSD - buy bias
GBPJPY - buy bias
AUDUSD - buy bias
AUDJPY - buys bias
EURAUD - sell bias
EURNZD - sell bias
EURGBP - sell bias
NZDUSD - for every dip followed by a bullish evidence in an area of interest is a good way to long
EURNZD - for every rally followed by bearish evidence in an area of interest is a good way to short
Same goes for the rest of the pairs in the watch list
Rankings
NZD - 9.9
GBP - 5.80
AUD - 5.53
CAD - 5.15
CHF - 5.11
EUR - 3.17
JPY - 2.33
USD - 0
As per COTR, it shows similar information whereby NZD's Net Position continues to increase from 4.9K to 13.6K in the last 15 weeks (from -40k to 13.6 for year 2020). As for USD's Net Position continues to decline from -5.7K to -14.8K in the last 15 weeks (31.2K to -14.8K for year 2020).
There might be a pull back (profit taking) from time to time but the general trend for 3-6 months shows that the uptrend markets are those with strong currency while the downtrend markets are those with weak currency.
Watch list
NZDUSD - buy bias
NZDJPY - buy bias
GBPUSD - buy bias
GBPJPY - buy bias
AUDUSD - buy bias
AUDJPY - buys bias
EURAUD - sell bias
EURNZD - sell bias
EURGBP - sell bias
NZDUSD - for every dip followed by a bullish evidence in an area of interest is a good way to long
EURNZD - for every rally followed by bearish evidence in an area of interest is a good way to short
Same goes for the rest of the pairs in the watch list
Related publications
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.
Related publications
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.