CAD/NZD technical and fundamental outlook...(Bullish)
Updated
Technical:
1.Ichimoku: Ichimoku giving a buy signal.
2.MACD: MACD is also giving a buy signal.
3.Currency Strength:
CAD is so much stronger than NZD.
Fundamental:
Due to the trade war between China & US, Chinese currency is weakening, so is NZD..
Trading Plan:
I'll Open long position when market opens
There is a news release of CAD on 22 May, I'll stay away from the market at that time(OR I'll put a large stop loss).
And I hope I can Continue with this pair this whole week, Since there is no other news releases awaiting for this pair.
I'll keep updating....
1.Ichimoku: Ichimoku giving a buy signal.
2.MACD: MACD is also giving a buy signal.
3.Currency Strength:
CAD is so much stronger than NZD.
Fundamental:
Due to the trade war between China & US, Chinese currency is weakening, so is NZD..
Trading Plan:
I'll Open long position when market opens
There is a news release of CAD on 22 May, I'll stay away from the market at that time(OR I'll put a large stop loss).
And I hope I can Continue with this pair this whole week, Since there is no other news releases awaiting for this pair.
I'll keep updating....
Note
Sorry for reversing the pair: NZD/CAD goes for short (since CAD/NZD going for long)
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