GBPAUD 1:10 Risk Reward (High Risk, but Lucrative Potential)
GBP False Long?
- Brexit optimism in the public eye. Pound surges suspiciously in such uncertain times.
- False breakout potentially?
- LogicStrategy Quant score: -14
- COTA reading: 54% of funds are net short on GBP
AUD Fundamentals
- The People's bank of China has reported its second month of gold buying. Showing a potential appreciation on AUD
- Quant score: 20
- COTA reading: 60% of funds are net short on AUD
The COT sentiment readings old no bias on this trade, making it even more uncertain in the longer run.
- Brexit optimism in the public eye. Pound surges suspiciously in such uncertain times.
- False breakout potentially?
- LogicStrategy Quant score: -14
- COTA reading: 54% of funds are net short on GBP
AUD Fundamentals
- The People's bank of China has reported its second month of gold buying. Showing a potential appreciation on AUD
- Quant score: 20
- COTA reading: 60% of funds are net short on AUD
The COT sentiment readings old no bias on this trade, making it even more uncertain in the longer run.
Yorum:
GBP scores decreased to -17
AUD scores increased to 35
AUD scores increased to 35
-17 (-3 shift) showing continued weakness.
AUD Logiikfx Score update:
25 (+4 shift) showing continued strength.
Price
The price is not reflecting the intrinsic value. Further confirming the idea.