Forex Market News FX charts. : The Canadian dollar remains under pressure on Friday

Friday, November 11, 2016

The Canadian dollar remains under pressure on Friday

The Canadian dollar remains under pressure on Friday, as USD/CAD continues to post gains this week. In the North American session, USD/CAD is trading at the 1.35 line. On the release front, there are no Canadian events on the schedule. In the US, today’s highlight is UoM Consumer Sentiment. The indicator is expected to edge lower to 87.4 points.•USD/CAD has been marked by choppy trading in the Asian session
•1.3457 is providing support
•There is resistance at 1.3551
Further levels in both directions:
•Below: 1.3457, 1.3371, 1.3253 and 1.3120
•Above: 1.3551, 1.3648 and 1.3782
•Current range: 1.3457 to 1.3551
USD/CAD ratio is unchanged in the Friday session. Currently, short positions command a strong majority (68%), indicative of trader bias towards USD/CAD reversing directions and moving to lower ground.

No comments:

Post a Comment

Learning to Trade

We will be posting trading opportunities , trade at your own risk. Most of the charts have a 70 percent of being right but some can go the other way,that is the nature of trading.Forex market trading the fear of losing If you are a trader in the stock market losing trades are part of trading. One of the biggest emotional aspects in trading is to overcome the fear of losing. Having a losing trade causing you to have feeling of fear and pain from the loss. All good stock traders will except small loses and learn from the experience.Forex traders need to realize that they will have small loses its part of the trading game as they learn to play to win.Looking For a Set-and-Forget Strategy? They will adjust their trading strategy to keep losses small and their winning stock trades big. As a forex trader you need to learn what the successful traders are doing and study their trading style. This way you will limit your losses and keep them manageable. You need to work on your mind set that you will have losses in stock trading. Learning to trade with a mind set of not to lose is good to a certain point. Small losses are the price to be paid to be a consistence winner in the stock markets.

With this course you will master the success factors that will make you a winner in the markets. Then you can limit your time trading to just 90 minute per day, using methodology that’s been continually profitable since it was first developed it in the mid-1990s.