martinwylie
Long

NZDCAD pennat fake-out/break-out

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
64 2 1
Posted this as a short break of the pennant , anticipating dovish RBNZ. Wheeler however was more upbeat and affirmed rate rises and, together with today's oil             weakness affecting CAD, the pair reversed. Now looks to be breaking to the upside. If it doesn't, I am closing it and relegating the pair to the stupid corner.
Hope this bearish megaphone on the 1hr doesn't mean anything. I'm long too.

snapshot
Reply
This one has been really slow, it may still go but I have lost patience with it and moved on. I looked for oil/CAD inspired weakness a bit late but in hindsight, the EURCAD moved really nicely and would have been the better play. AUDNZD looks to be a better way to play the NZD if you like mean reversion.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out