NZD/CAD technical(Ichimoku,MACD,CurrencyStrength) & funadamental
Technical:
1.Ichimoku: Ichimoku giving a sell signal.
2.MACD: MACD is also giving a sell signal.
3.Currency Strength:
NZD is much weaker than CAD
Fundamental:
Due to the trade war between China & US, Chinese currency is weakening, so is NZD..
Crude Oil price gaining strength, so is CAD.
Trading Plan:
I'll Open short position when market opens (20 May)
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 sell signal.
2.MACD: MACD is also giving a sell signal.
3.Currency Strength:
NZD is much weaker than CAD
Fundamental:
Due to the trade war between China & US, Chinese currency is weakening, so is NZD..
Crude Oil price gaining strength, so is CAD.
Trading Plan:
I'll Open short position when market opens (20 May)
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....
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.