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M4FXG
Nov 27, 2018 10:23 AM

NZDCAD Trend Change ??  Short

New Zealand Dollar/Canadian DollarFXCM

Description

Daily Analysis:

- Daily closure yesterday rejected 38.2%
- Daily reversal candle printed and closed below 0.91000
- MACD showing divergence
= Sell

(Potential trend reversal after MACD indicating a change in trend momentum, also Fibonacci level 38.2% being rejected)
Comments
Captain_Walker
I'm short on NZDCAD and AUDCAD. NZD and AUD are linked though the respective economies compete. The weekly pictures on both seem right for potential reversals, though not everybody will agree. My assessment is based on patterns of oscillation. Both currencies NZD and AUD have been unusually bullish in last three weeks, especially at a time of serious crisis in lands 'downunder'.
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