Fundamentals:
New Zealand's upside surprises in growth data, the stabilization of dairy prices and its expansionary fiscal measures are over. These things have propped up the kiwi. With these things moved out of the way, the focus of banks will be bearish on the kiwi. I believe that oil prices will rise to $100. Also, I believe that the relative to New Zealand, Canda has more economic strength.
Technicals:
Med. PBS
dHd
downward sloping tl + horizontal resistance rejection
first pb of new trend
engulfing bearish pattern
NR4 and IB Bars last week and this week
MACD-Ichimoku agrees with the new trend
slow channel down
Trade Plan:
Short NZD/CAD with a stop above weekly resistance of 0.8425 or 0.8250.
Target: 0.7825
New Zealand's upside surprises in growth data, the stabilization of dairy prices and its expansionary fiscal measures are over. These things have propped up the kiwi. With these things moved out of the way, the focus of banks will be bearish on the kiwi. I believe that oil prices will rise to $100. Also, I believe that the relative to New Zealand, Canda has more economic strength.
Technicals:
Med. PBS
dHd
downward sloping tl + horizontal resistance rejection
first pb of new trend
engulfing bearish pattern
NR4 and IB Bars last week and this week
MACD-Ichimoku agrees with the new trend
slow channel down
Trade Plan:
Short NZD/CAD with a stop above weekly resistance of 0.8425 or 0.8250.
Target: 0.7825
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。