Trading Discussion Trading USD/CAD today 13th september, 2021.

[Deleted member 51169]

USD/CAD has diminished somewhat today subsequent to arriving at 1.2695 level. It has dropped however much to 1.2660 where it has discovered interest once more. Actually, the cost has gotten away from an inversion design, so a potential gain development is regular and anticipated.

Additionally, the Dollar Index is still exceptionally solid. A substantial breakout through 92.80 level could report a potential gain continuation. This situation could drive the USD/CAD to hop higher. The American economy was supposed to be pretty smooth sailing from labour day onward, with solid job gains and health spending growth, which could has strengthen the dollar. Instead, the economy is battling turbulent undercurrents brought on by the Delta Variant. Tomorrow, the US inflation information could be definitive.

USD/CAD moves by one way or another sideways in the present moment attempting to amass more energy prior to hopping higher. The value remains over the week after week and every day turn focuses, It could move higher as well.

Also note that numerous things aside the US inflation data, could influence the strength of dollar.

 

[btaliat]

I am not into forex. But if this can be done everyday where some people that are expert in forex trading can be giving us the inkling on how the market is day by day and also tell us when to enter the market and when to sell and some other information, I may consider it.

 

[Deleted member 51169]

To be honest with you. Doing this everyday for people will not just devalue it, it is also risky. Once some makes a lost during unforseen happenstance, you will be called out and dragged here. Do not rely solely on any signal that is given freely, rather use it to help in your own analysis and decision making. Forex and crypto world is full of so many complexities cum surprises.

 

[Mataracy]

Through am not in to forex trading but it will be preferable if one can learn it very well before start to trade on forex Because I have seeing many people talking about the money they have loose on trading forex which is really much and this is also one of the things that made me to run from it.