Day trade
Trade view / 22 August 2016 at 10:01 GMT

UPDATE: NZDCAD trend is your friend with benefits

FX Consultant / IFXA Ltd

The original trade view expected that NZDCAD would remain intact as the "trend was your friend". It has worked (so far) , thanks to the weaker than expected Canadian retail sales and CPI data on Friday. However, the original take profit target had proved to be elusive and the trade idea "take profit" level was adjusted on Friday to 0.9360

The  revised take profit level was achieved today (which is also when the trade would have expired) for a gain of 0.0050 points.

Original trade view parameters

Buy NZDCAD at market (currently 0.9310)
Stop: 0.9260
Target: 0.9450
Time horizon: 4 days

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
22 August
Estuardorlemus Estuardorlemus
Thanks Mike !


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