Fundamentals:
Rising oil prices will contribute to strengthening the CAD, as it tends to fall in line with oil. What's more, Canada is experiencing economic growth overall.
Technicals:
The "Three Rising Methods" candle pattern on the daily chart comes with lower volume interest with each end of day daily sessions. On top of that, each session had wicks long enough to give extra weight to this selling pressure.
The days before this rising candles the selling pressure was great with a wide spread bar.
Conclusion:
Sell NZDUSD
Rising oil prices will contribute to strengthening the CAD, as it tends to fall in line with oil. What's more, Canada is experiencing economic growth overall.
Technicals:
The "Three Rising Methods" candle pattern on the daily chart comes with lower volume interest with each end of day daily sessions. On top of that, each session had wicks long enough to give extra weight to this selling pressure.
The days before this rising candles the selling pressure was great with a wide spread bar.
Conclusion:
Sell NZDUSD
Nota
Nota
** I meant.. sell NZDCAD. :)
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.