ZXY more Bearish than it's sister AXY, yet still in Neutral overall.
Price Action truncating hard Week of the 11th as Non-Commercials dump the Kiwi HARD.
ZXY will move to test the bottom of the Daily Chop Block @ 58.5 and potentially give us a new long-term direction.
Wait for test and break.
A 30% difference in short vs long positions is massive.
Should be noted that ZXY is currently around the .618 of the March 9 High, in a corrective retrace. .618 would signal some potent strength to the downside.
Price Action truncating hard Week of the 11th as Non-Commercials dump the Kiwi HARD.
ZXY will move to test the bottom of the Daily Chop Block @ 58.5 and potentially give us a new long-term direction.
Wait for test and break.
A 30% difference in short vs long positions is massive.
Should be noted that ZXY is currently around the .618 of the March 9 High, in a corrective retrace. .618 would signal some potent strength to the downside.
Note
Plugged in the wrong photo. Here you Go!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.