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!
Note
moving take profit to 1.699Note
take profit moved to 1.70699
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.