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...
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...
1st confimation:(Currency strength)
According to trading view forex screener JPY is second most strongest currency after USD & CHF is most weakest currency of all major currencies. These makes CHF/JPY pair go for sell..
2nd confirmation:( Ichimoku kinko hyo)
Price crossed the cloud.
Tenkan crossed kijun.
Chikou span favours.
Cloud transformed to red....
