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....