EURAUD currently has a score of -2, or a Neutral rating after adding up all categories.
First, let's look at what institutional traders are buying/selling. We can see that theEUR has a long percentage of 56.15%, and we see that the AUD has a long percentage of 36.15%. This category receives a +1, as institutional traders favor the EUR. Taking a look atEURAUD, we see that retail traders are 57.% long, and 43% 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, theEURAUD 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 fall 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 fundamentals. GDP growth favors the AUD, inflation favors the AUD, unemployment favors the AUD and interest rates favor the AUD
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