Another A1 Setup Trade on AUDNZD
The Fundamentals still favor the NZD over the AUD,
- GDP Growth: (AUD 0.5% / NZD: 2.0%) is higher in NEW Zealand which is better for the NZD.
- Inflation: (AUD: 7.8% / NZD: 3.6%) is hotter in Australia than New Zealand.
- Unemployment: (AUD: 3.5% / NZD: 3.4%) is lower in New Zealand which is better.
- Interest Rates: (AUD: 3.60% / NZD: 4.25%) is higher in New Zealand which is good for the NZD.
Sentiment:
-COT Report: shows /75.2%/ of the institutional open contracts are long on the NZD, while /34.7%/ are long on the AUD.
This favors the NZD over the AUD.
- Retail Sentiment: 71% of retail traders are short, which is another good factor, because most of the time the crowd are on the wrong side of the move.
Technical:
The Price is in a good and healthy downtrend, made a retracement to the /0.5/ fib zone which is a resistance level as well. This gives a good risk to reward ratio.
Trade Safe !
- GDP Growth: (AUD 0.5% / NZD: 2.0%) is higher in NEW Zealand which is better for the NZD.
- Inflation: (AUD: 7.8% / NZD: 3.6%) is hotter in Australia than New Zealand.
- Unemployment: (AUD: 3.5% / NZD: 3.4%) is lower in New Zealand which is better.
- Interest Rates: (AUD: 3.60% / NZD: 4.25%) is higher in New Zealand which is good for the NZD.
Sentiment:
-COT Report: shows /75.2%/ of the institutional open contracts are long on the NZD, while /34.7%/ are long on the AUD.
This favors the NZD over the AUD.
- Retail Sentiment: 71% of retail traders are short, which is another good factor, because most of the time the crowd are on the wrong side of the move.
Technical:
The Price is in a good and healthy downtrend, made a retracement to the /0.5/ fib zone which is a resistance level as well. This gives a good risk to reward ratio.
Trade Safe !
ملاحظة
The resistance level worked as it should be. I expect the price to make a pullback on Monday next week, then continue lower.ملاحظة
I moved the stop loss to the entry point.أغلقت الصفقة: تم الوصول للهدف
منشورات ذات صلة
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.