
EURUSD currently has a score of -1, or a Neutral rating after adding up all categories.
First, let's look at what institutional traders are buying/selling. We can see that the EUR has a long percentage of 66.98%, and we see that the USD has a long percentage of 75.06%. This category receives a 0, as institutional traders have no strongly favored asset.
Taking a look at EURUSD, we see that retail traders are 53% long, and 47% 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, the EURUSD gets a reading of 0 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 rise 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 +2.
Finally, let's look at the fundamentals. GDP growth favors the USD, inflation favors the USD, unemployment favors the USD and interest rates favor the USD. #OPINIONLEADER#
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