💡The currency pair NZDUSD has been trading a tight bearish range between 0.6540/0.6480 levels. Meanwhile, the multi-currency algorithm known as Osiris Ragnarok has placed 4 trades ‘long’ GBPUSD and only 1 trade ‘long’ NZDUSD. The data points mathematical weakness in the British Pound but better odds to make money in the medium-term by going long the ‘kiwi’ against the buck.
📌Osiris Ragnarok has been designed to place trades based on mathematical levels avoiding any oscillator or overbought/oversold indicator.
📌Retail traders keep discussing the fantastic risk versus reward opportunity if going long the GBPUSD at 1.2600 level. Meanwhile, no one talks about the New Zealand Dollar. All in all, the ‘kiwi’ is a more attractive bet in the long-term (4/8 weeks).
📌Watching the movie ’21’ [Blackjack] we had the inspiration to apply professional ‘gambling mathematical’ tactics to our trading algorithms. Not only you can use the fully automated version from Osiris Ragnarok, but you also have the opportunity to use the data to have the edge over the house.