EURNZD lower
I like trying EURNZD lower here with about 2x normal risk.
We had a very strong US CPI last week and the day ended in a shooting star for the pair - i think this price action is telling us that the market is very long USD and very short stocks, i think this could lead to some unwind of USD longs which could mean the US500 could rise.
I am expecting the VIX to fall and the US500 to rise this week as there is not much data for the USD which could mean lower volatility - EURNZD is very correlated to the VIX. rate differentials are also suggesting lower as shown by the chart.
We're also entering a period of seasonal risk on mood towards the end of the year and sentiment for the pair is extremely high
Not trading/investment advise, feedback welcome!
We had a very strong US CPI last week and the day ended in a shooting star for the pair - i think this price action is telling us that the market is very long USD and very short stocks, i think this could lead to some unwind of USD longs which could mean the US500 could rise.
I am expecting the VIX to fall and the US500 to rise this week as there is not much data for the USD which could mean lower volatility - EURNZD is very correlated to the VIX. rate differentials are also suggesting lower as shown by the chart.
We're also entering a period of seasonal risk on mood towards the end of the year and sentiment for the pair is extremely high
Not trading/investment advise, feedback welcome!
Uwaga
moving take profit to 1.699Uwaga
take profit moved to 1.70699
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.