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RobertSoos

EURAUD - extreme CFTC positioning signals correction

Short
Euro / Australian Dollar (OANDA:EURAUD)  
RobertSoos  
OANDA:EURAUD   Euro / Australian Dollar
Candlestick Analysis Double Top or Bottom Fundamental Analysis EURAUD positioning cftc centralbank swingtrade
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candlestick doubletoporbottom fundamental euraud positioning cftc centralbank swingtrade
Fundamentals:
CFTC positioning: -72.1K - speculators extremely short on AUD -> often signals change in direction
RBA - rate hold expected, personally I believe there will be a hawkish tone -> AUD supportive
Core inflation, wages picking up steadily, GDP in Sept above consensus
Little carry advantage for Aussie against EUR

Technicals
+Divergence (7%) from 200DMA
+Daily double top forming


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