Hello Traders,
*The Fundamentals:
- GDP Growth: (CAD: -0.1% / CHF: 0.0%)
- Inflation: (CAD: 5.9% / CHF: 3.4%)
- Unemployment: (CAD: 5.0% / CHF: 2.1%)
- Interest Rates: (CAD: 4.50% / CHF: 1.0%)
The Fundamentals are slightly in the favor the CHF over the CAD with the unemployment and inflation numbers.
*Sentiment:
-COT Report: shows /42.0%%/ of the institutional Future open contracts are long on the CAD, while /40.4%/ are long on the CHF.
- Retail Sentiment: 91% of retail traders are Long.
- Now we see a /Risk Off/ sentiment in the with a market and a flight to safe heaven assets like Gold, JPY, USD and CHF.
Technical:
The Price is in a good and healthy downtrend with lower lows and lower highs, made a retracement to the /0.618/ fib zone which is a resistance level as well. This gives a good risk to reward ratio.
Trade Safe
*The Fundamentals:
- GDP Growth: (CAD: -0.1% / CHF: 0.0%)
- Inflation: (CAD: 5.9% / CHF: 3.4%)
- Unemployment: (CAD: 5.0% / CHF: 2.1%)
- Interest Rates: (CAD: 4.50% / CHF: 1.0%)
The Fundamentals are slightly in the favor the CHF over the CAD with the unemployment and inflation numbers.
*Sentiment:
-COT Report: shows /42.0%%/ of the institutional Future open contracts are long on the CAD, while /40.4%/ are long on the CHF.
- Retail Sentiment: 91% of retail traders are Long.
- Now we see a /Risk Off/ sentiment in the with a market and a flight to safe heaven assets like Gold, JPY, USD and CHF.
Technical:
The Price is in a good and healthy downtrend with lower lows and lower highs, made a retracement to the /0.618/ fib zone which is a resistance level as well. This gives a good risk to reward ratio.
Trade Safe
Nota
The Price respected the resistance level at the /0.381/ fib and now the trade is in green...Nota
I moved the stop loss to the entry levelNota
Now the retail sentiment is: 95% LongDagangan ditutup secara manual
I closed the trade at break even.Nota
I'm still short bias on CADCHF ...Looking for short entry, most likely when the price reach /0.68050/, I'll short it againNota
I took another short trade:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.