MatrixBits

NZDCAD - Support Forming?

Long
MatrixBits Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Looks like we have have some support forming keeping an eye on future support for NZDCAD.

- Gas Prices in New Zealand at an all time high $7+ per gallon.
- Economy CPI is high
- Average 3 bedroom is about $2,700 per month
- Government is going to make a correction
Comment:
Keeping in eye on it don't buy yet until you see a bullish long candle above bear candle on the 4-hour
Trade active:
USOIL is going to fail just a matter of time and CAD will following.

I am only a speculative trader and this is not financial advise on trades.

- If you are losing money close the trade

- Start with .03-.05 units and learn to manage risk

- Don't take profits too early cheers!


MatrixBits
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.