GBPNZD - BUY - Still Room to Run - Prob 75%
NZ has dropped rates as expected.
Great British Pound has been strong last couple of weeks against the NZD so would expect it to continue to be, even more so.
GBP has Fundamental score of 5
NZ has score of -1
GBP has just had Inflation data yesterday pointing higher so BOE less likely to cut rates so investors park their their money there.
GBP Core Inflation YoY 3.6% (Previous 3.2%) – Bullish – 85/100
GBP Inflation Rate YoY 2.8% (Previous 2.5%) – Bullish – 80/100
BoE Rate Cuts Less Likely – Bullish – 85/100
GBP Strength Expected in Short Term – Bullish – 75/100
140 Pip Target
Still has 440 pips to run to reach max over extension from Sentiment of Traders Targets.
Leaning more now days to averaging in if price does push down.
Has broken Trigger line and making a Re test Reversal now with nice Pinbar below signifying Bulk Buy orders.
Have a Nice Day : )
Great British Pound has been strong last couple of weeks against the NZD so would expect it to continue to be, even more so.
GBP has Fundamental score of 5
NZ has score of -1
GBP has just had Inflation data yesterday pointing higher so BOE less likely to cut rates so investors park their their money there.
GBP Core Inflation YoY 3.6% (Previous 3.2%) – Bullish – 85/100
GBP Inflation Rate YoY 2.8% (Previous 2.5%) – Bullish – 80/100
BoE Rate Cuts Less Likely – Bullish – 85/100
GBP Strength Expected in Short Term – Bullish – 75/100
140 Pip Target
Still has 440 pips to run to reach max over extension from Sentiment of Traders Targets.
Leaning more now days to averaging in if price does push down.
Has broken Trigger line and making a Re test Reversal now with nice Pinbar below signifying Bulk Buy orders.
Have a Nice Day : )
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.