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