Nzdcadlong
NZDCAD BUY Consolidation to .8900NZD has broken the .8700 pivot area and restested on the 2hr chart the overall trend is Bearish and the 2hr Stoch is oversold there is an opportunity to trade but I would ONLY look at BUYING once the 2hr is in the BUY Zone again up to .8900 Stop would be place right under the .8700 pivot because long term I believe this market is BEARISH.
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NZDCAD LONGReason for entry: Ranging H1 buy, double bottom, breakout and retest, bullish candlestick.
WARNING: Against the long term trend
Motivation: Just hold and keep on getting better. Be disciplined, detach any emotion, ego and do not focus on monetary gains. It is just probabilities. Nothing is guaranteed.
NZDCAD LongNZD - bottoming now and currently gaining upwards momentum, possible continuous bounce up to 61.8 fib esp 10-year seasonality for NZDCAD favors it being bullish this coming June
CAD - will take some time to clear out the glut in oil inventories (oilprice.com) hence the recent slide, but still must be careful to prevent getting whipsawed. Expecting oil to drop @55 psychological resistance which will also bring CAD down
Oil:
Weekly: