A1 Trading Company

December 6, 2022

Best Pairs to Sell This Week

Michael J. Donoghue
Best Pairs to Sell This Week

As we await significant economic news releases over the coming days (such as Australia’s quarter-over-quarter GDP growth tonight at 7:30 pm ET, an interest rate hike and corresponding statement from the Bank of Canada on Wednesday at 10 am ET, and the latest Producer Price Index numbers for the US on Friday at 8:30 am ET), it is worthwhile to consider which pairs the A1 Edgefinder already suggests monitoring. With this in mind, here are the EdgeFinder’s three potential best pairs to sell this week, listed below with their respective ratings, signals/biases, and corresponding charts. Due to the New Zealand Dollar’s holistic strength as of late, they are currently all NZD pairs. Additional comments on fundamentals and technical analysis will also be provided.

1) GBP/NZD - Earns a ‘-9’ Rating, or a ‘Strong Sell’ Signal

Best Pairs to Sell This Week
NZD beats the Pound in every listed category, perhaps most notably in interest rate divergence, COT data, and GDP growth.
Best Pairs to Sell This Week
Trendline resistance is remarkable, spanning nearly two decades. Key support has been tested repeatedly since 2018, thus far to no avail.

2) AUD/NZD - Earns a ‘-9’ Rating, or a ‘Strong Sell’ Signal

Best Pairs to Sell This Week
NZD likewise beats the Aussie Dollar in every listed category, with the same strong points mentioned with GBP/NZD.
Best Pairs to Sell This Week
This past year's impressive uptrend has been disrupted by an aggressive breakout to the downside, aided by EMA resistance.

3) EUR/NZD - Earns a ‘-6’ Rating, or a ‘Strong Sell’ Signal

Best Pairs to Sell This Week
NZD beats the Euro in every listed category, except for both COT data and retail sentiment.
Best Pairs to Sell This Week
Trendline resistance appears compelling, though higher lows are also evident since April of this year.

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