AUDCHF SELL
Updated
AUDCHF currently has a score of -4, or a Sell rating after adding up all categories.
First, let's look at what institutional traders are buying/selling. We can see that theAUD has a long percentage of 32.84%, and we see that the CHF has a long percentage of 35.39%. This category receives a 0, as institutional traders favor the CHF.
Taking a look atAUDCHF, we see that retail traders are 88% long, and 12% 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, theAUDCHF 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 AUD, inflation favors the CHF, unemployment favors the CHF and interest rates favor the AUD
First, let's look at what institutional traders are buying/selling. We can see that theAUD has a long percentage of 32.84%, and we see that the CHF has a long percentage of 35.39%. This category receives a 0, as institutional traders favor the CHF.
Taking a look atAUDCHF, we see that retail traders are 88% long, and 12% 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, theAUDCHF 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 AUD, inflation favors the CHF, unemployment favors the CHF and interest rates favor the AUD
Note
The price is ranging on the 15m. That can mean that the price is unable to go higher than this level, before it breaks to the downside. I monitor this pair very closely today, and I will try to step in during London session
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