Short USD Anticipating Bad Data
USD Analysis:
- Positioning: Net Long, most in USDCHF, no pair is Net Short
- Price action: Net Short at this point thus there is a disagreement between the Retail's position and the market's sentiment. USDCHF in particular is down.
- Fundamental: I think the ADP data will be a Miss while ISM will be a Beat thus Neutralize each other
Conclusion: ADP data miss will add to the overall bearishness of the USD Pair. Those USDCHF Long is the least well position for that so I will short USDCHF for ADP release. Whatever the initial reaction, I will look to reduce the position. For the ISM release which I expect Fundamental to be strong so probably that will affect my USDCHF short a fair bit.
Technical levels:
- Support: 0.97
- Resistance: 0.975
- Positioning: Net Long, most in USDCHF, no pair is Net Short
- Price action: Net Short at this point thus there is a disagreement between the Retail's position and the market's sentiment. USDCHF in particular is down.
- Fundamental: I think the ADP data will be a Miss while ISM will be a Beat thus Neutralize each other
Conclusion: ADP data miss will add to the overall bearishness of the USD Pair. Those USDCHF Long is the least well position for that so I will short USDCHF for ADP release. Whatever the initial reaction, I will look to reduce the position. For the ISM release which I expect Fundamental to be strong so probably that will affect my USDCHF short a fair bit.
Technical levels:
- Support: 0.97
- Resistance: 0.975
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.