Description
⋅ Entry .5856
SL .5699
TP .6300
What are institutional traders doing?
We see NZD has a long % of 41.9 and CHF at 10.63%. Clearly showing institutional traders favoring CHF
What are retail traders doing:
Retail traders are 44% LONG and 56% SHORT. This information really only has a significance when retails tend to favor one side by more than 60%.
What history tells us?
Based on historical data, this market tends to rise during this month.
Fundamentals: GDP growth and interest rates favor NZD while inflation and unemployment favors CHF