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EURNZD SELL

EURNZD 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 theEUR has a long percentage of 66.98%, and we see that the NZD has a long percentage of 44.09%. This category receives a +1, as institutional traders favor the EUR.
Taking a look at EURNZD, we see that retail traders are 58.% long, and 42% 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, theEURNZD gets a reading of 0 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 NZD, inflation favors the NZD, unemployment favors the NZD and interest rates favor the NZD
ForexFundamental AnalysispriceactionSeasonalitySMCSupply and Demand

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