GLOBALPRIME:EURCHF currently has a score of -3, or a Sell rating after adding up all categories.
First, let's look at what institutional traders are buying/selling. We can see that theEUR has a long percentage of 48.62%, and we see that the CHF has a long percentage of 33.92%. This category receives a +1, as institutional traders favor the CHF.
Taking a look atEURCHF, we see that retail traders are 74% long, and 26% short. We consider this information most useful when a market is at an extreme reading from retail traders. If the retail crowd is 60% or more positioned to one side, we get a +1 or -1. Currently, theEURCHF gets a reading of -1 in this category. Remember, if the retail crowd is very long, we will look to short, and vice versa.
Taking a look at seasonality, we get a score of -1. What this tells us is that based on historical data, this market tends to fall during this month.
Trend reading is based on the daily chart, using the 5, 8, and 21 Exponential Moving Average. The more 'aligned' they are, the stronger the trend up or down. In this case, we have a score of -2.
Finally, let's look at fundamentals. GDP growth favors the EUR, inflation favors the CHF, unemployment favors the CHF and interest rates favor the EUR
First, let's look at what institutional traders are buying/selling. We can see that theEUR has a long percentage of 48.62%, and we see that the CHF has a long percentage of 33.92%. This category receives a +1, as institutional traders favor the CHF.
Taking a look atEURCHF, we see that retail traders are 74% long, and 26% short. We consider this information most useful when a market is at an extreme reading from retail traders. If the retail crowd is 60% or more positioned to one side, we get a +1 or -1. Currently, theEURCHF gets a reading of -1 in this category. Remember, if the retail crowd is very long, we will look to short, and vice versa.
Taking a look at seasonality, we get a score of -1. What this tells us is that based on historical data, this market tends to fall during this month.
Trend reading is based on the daily chart, using the 5, 8, and 21 Exponential Moving Average. The more 'aligned' they are, the stronger the trend up or down. In this case, we have a score of -2.
Finally, let's look at fundamentals. GDP growth favors the EUR, inflation favors the CHF, unemployment favors the CHF and interest rates favor the EUR
Trade active:
Because on Monday there was a bank holiday, the trade took off today
Trade closed: target reached