When deciding on a Forex pair one must clearly be thinking:
- What is the best currency (economy) to buy
-Which is a 'suffering', weak currency (economy) to short
For the first part I find NZD (the New Zealand Dollar) to be in the first category for a variety of reasons (good relations with China, data has been strong, Central Bank)
For the second part I choose CHF (soft performance, low interest rates, yet not so volatile)
Traded in a pair, NZDCHF looks right but what does the chart say? Well take a look: 2 support levels seem like a prefect entry.
Let's see if it works!
the FXPROFESSOR
- What is the best currency (economy) to buy
-Which is a 'suffering', weak currency (economy) to short
For the first part I find NZD (the New Zealand Dollar) to be in the first category for a variety of reasons (good relations with China, data has been strong, Central Bank)
For the second part I choose CHF (soft performance, low interest rates, yet not so volatile)
Traded in a pair, NZDCHF looks right but what does the chart say? Well take a look: 2 support levels seem like a prefect entry.
Let's see if it works!
the FXPROFESSOR
📣 Telegram: t.me/fxprofessor88
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
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.
📣 Telegram: t.me/fxprofessor88
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
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.