This Week's Fundamental Analysis
Logikfx's Macro Currency Strength Meter (MCSM) helps investors quickly see the fundamentals for each currency in the coming week. Save time, trade better.
For Week 38 in 2022
Strong Currencies: SGD = 25 (+25), NZD= 47 (+20), ZAR = 29 (+24) ... See more
Weak Currencies: EUR = -27 (-5), GBP = -3 (-3), JPY = -27 (-15) ... See more
Sources
logikfx.com/post/best-currency-strength-meter
Logikfx's Macro Currency Strength Meter (MCSM) helps investors quickly see the fundamentals for each currency in the coming week. Save time, trade better.
For Week 38 in 2022
Strong Currencies: SGD = 25 (+25), NZD= 47 (+20), ZAR = 29 (+24) ... See more
Weak Currencies: EUR = -27 (-5), GBP = -3 (-3), JPY = -27 (-15) ... See more
- EURNZD is reaching a 'sell-zone' from July 2022, which peaked at 1.69862. The current price resides at 1.68079.
- Retail trader volume peaked alongside price movement slowing down. This may be early signs of selling pressure.
- WARNING - Lack of price-low broken prior to this uptrend. This may suggest a short trade is premature
Sources
logikfx.com/post/best-currency-strength-meter
Note
Price congesting near sell price. Wait for confirmation of a lower low - lower high formation before entering short. If this doesn't occur idea is too early.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.