While the UK pound has been steadily moving up against the kiwi over the last few days, technical indicators are now saying that the trend is likely to end in the near future. Not only is there a bearish cross forming on the 8-hour chart’s Stochastic Slow, but both the RSI and Williams Percent Range are in overbought territory. Traders will want to keep a close eye on the pair as a downward trend is likely to occur.
Other relevant articles you may like
Dan Eduard is a Market Strategist with ForexYard. His addition to the ForexYard team has brought a unique new perspective to our clients. Dan's ability to compare and contrast trans-national issues with events in the market is uncanny and many clients so far have used his advice to make leaps and bounds in their trading strategies. He has been published on the ForexYard Trading Blog and affiliate websites. He carries a BA in Political Science and an MA in History.
