NZD/USD is about to retest the 200MA
NZDUSD currently has a score of -6, or a Strong Sell rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theNZD has a long percentage of 68.75%, and we see that the USD has a long percentage of 69.73%. This category receives a 0, as institutional traders have no strongly favored asset.
Taking a look at NZDUSD, we see that retail traders are 83% long, and 17% 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, theNZDUSD 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 USD, inflation favors the USD, unemployment favors none and interest rates favor none
Taking a look at NZDUSD, we see that retail traders are 83% long, and 17% 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, theNZDUSD 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 USD, inflation favors the USD, unemployment favors none and interest rates favor none
