ZXY: BEARLY Neutral Part Duex
ZXY more Bearish than it's sister AXY, yet still in Neutral overall.
Price Action truncating hard Week of the 11th as Non-Commercials dump the Kiwi HARD.
ZXY will move to test the bottom of the Daily Chop Block @ 58.5 and potentially give us a new long-term direction.
Wait for test and break.
A 30% difference in short vs long positions is massive.
Should be noted that ZXY is currently around the .618 of the March 9 High, in a corrective retrace. .618 would signal some potent strength to the downside.
Price Action truncating hard Week of the 11th as Non-Commercials dump the Kiwi HARD.
ZXY will move to test the bottom of the Daily Chop Block @ 58.5 and potentially give us a new long-term direction.
Wait for test and break.
A 30% difference in short vs long positions is massive.
Should be noted that ZXY is currently around the .618 of the March 9 High, in a corrective retrace. .618 would signal some potent strength to the downside.
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Plugged in the wrong photo. Here you Go!