Overvalued Pound and Shift to Kiwi
Fundamentals & Sentiment
GBP:
- Overbought for a while according to CFTC and other Internals
NZD
- Strength shifts from Aussie to Kiwi according to Internals
- Australia released weaker CPI, speeding up the flow out of the AUD to the alternative - NZD.
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Up
Long-term: Up
Min target: mirror level, 3R
Risk: 0.24%
GBP:
- Overbought for a while according to CFTC and other Internals
NZD
- Strength shifts from Aussie to Kiwi according to Internals
- Australia released weaker CPI, speeding up the flow out of the AUD to the alternative - NZD.
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Up
Long-term: Up
Min target: mirror level, 3R
Risk: 0.24%
Trade closed: target reached
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.
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.