Thesis: Trend contiuation on NZDUSD
What are institutional traders doing:
NZD as a long % of 41.09 and USD of 76.29%
What are retail traders doing:
32% of retail traders are long on NZDUSD while 68% are short. Remember, when over 60% of retail traders tilt one way, statistically and historically, institutional traders will push the opposite way.
What history tells us?
Historical data tells us that the market tends to rise during this month
Fundamentals: GDP growth favors the USD while inflation, unemployment and interest rates favor NZD
NZD as a long % of 41.09 and USD of 76.29%
What are retail traders doing:
32% of retail traders are long on NZDUSD while 68% are short. Remember, when over 60% of retail traders tilt one way, statistically and historically, institutional traders will push the opposite way.
What history tells us?
Historical data tells us that the market tends to rise during this month
Fundamentals: GDP growth favors the USD while inflation, unemployment and interest rates favor NZD
Trade closed: target reached
Nice 1:2 win.
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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.