MilonDip

NZD/CAD technical(Ichimoku,MACD,CurrencyStrength) & funadamental

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
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....
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.