Fundamentals suggesting strengthening signals for GBP as the scheduled data releases all higher than previous. Waiting on a technical entry, too early to jump in. Be patient and wait for a confirmation for higher success.
Fundamentals: LogicStrategy Quant scores shifting in favour of GBP, compared to the weak score provided for CHF. - This was following the recent decrease in unemployment in the UK down to 3.8% from 3.9%. - CHF PPI dropping significantly to 0% with a forecast of 0.2% - CHF retail sales dropped significantly this month, down to -0.7% - SVME PMI down for CHF to...
CHF fundamental data isn't looking great, however, the recent trade talks may push the CHF higher as investor sentiment flocks to safer currencies. Will emotion take control of price or will the weak underlying value of the CHF take into effect on the price.
Technicals provided on chart Fundamentals LogicStrategy quant scores suggesting a reversal in EURNZD. Potential high risk trade idea going against the recent trend. Safest stop looks like 1.7195 however with greatly reduced reward.
EUR has been hit with weeks of negative economic data. CHF on the other hand has been seen with positive data. This is a great swing opportunity over the coming week.
LogicStrategy Scores: EUR = -27 , showing recent contractions and shifts to a weaker economic outlook. CHF = 36 , showing consistent strength for an extended period.
LogicStrategy Scores AUD Short Bias - Huge -21 shift CAD long Bias - Continued strength with a +15 shift TA - In a confirmed sell off price band - low breaks - Evening Stars
GBP Short Bias - LogicStrategy Quant score seen consecutive days of economic contraction for Great Britain. (-7) on the 26/03 and (-4) on the 27/03 CHF Long Bias - LogicStrategy Quant scores saw a huge (+25) shift from 38 to 63 - showing continual swiss strength. This idea suits the uncertain agenda for the british economy - with the institutions moving cash...
USD Short Bias - Quant score shift of -10 to give a total score of -3 DKK Long bias - Quant shift of + 16 to give a total of 33 TA Sell Zone Congestion Low Break
GBP Long Bias - LogicStrategy score shift of +14 points towards strength - Core Retail Sales m/m show better than expected changes in retail sales in the given month compared to the previous month. The index calculation does not include auto sales and fuel, which tend to be very volatile. It is an indicator of consumers spending that allows estimating the...
USD Short bias - quant score = -3 (-10 shift) MXN Long Bias - quant score = +39 (+22 shift) TA - Short momentum, low breaks