CADCHF BUY (COUNTER TREND)
CADCHF currently has a score of -3, or a Sell rating after adding up all categories.
First, let's look at what institutional traders are buying/selling. We can see that theCAD has a long percentage of 32.9%, and we see that the CHF has a long percentage of 32.77%. This category receives a 0, as institutional traders have no strongly favored asset.
Taking a look at CADCHF, we see that retail traders are 95% long, and 5% 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, theCADCHF gets a reading of -1 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 -1.
Finally, let's look at fundamentals. GDP growth favors the CAD, inflation favors the CHF, unemployment favors the CHF and interest rates favor the CAD
First, let's look at what institutional traders are buying/selling. We can see that theCAD has a long percentage of 32.9%, and we see that the CHF has a long percentage of 32.77%. This category receives a 0, as institutional traders have no strongly favored asset.
Taking a look at CADCHF, we see that retail traders are 95% long, and 5% 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, theCADCHF gets a reading of -1 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 -1.
Finally, let's look at fundamentals. GDP growth favors the CAD, inflation favors the CHF, unemployment favors the CHF and interest rates favor the CAD
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