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Canadian Dollar Is Supported By Increased Demand For Riskier Assets
USD/CAD continues to trend down as the U.S. dollar is losing ground against a broad basket of currencies after the release of U.S. economic data.
The U.S. Dollar Index has once again failed to settle above the key resistance at 97.5 and declined closer to the 97 level.
U.S. ADP Employment Change report was worse than expectations as it showed that 2.37 million jobs were created in the private sector in June compared to analyst consensus of 3 million. However, the report for May was revised from -2.76 million to 3.07 million.
U.S. Manufacturing PMI increased from 39.8 in May to 49.8 in June. ISM Manufacturing PMI report was even more bullish for riskier assets as it showed that PMI increased from 43.1 in May to 52.6 in June. Numbers below 50 show contraction.
Another factor that supported riskier assets today was the announcement of preliminary results for Phase 1/2 trial of COVID-19 vaccine from Pfizer and BioNtech SE which showed promising results.
Canadian dollar could have received more support but oil failed to settle above the $40 level. Such a move would have been bullish for all commodity-related currencies.
The main risk for the Canadian dollar right now is the worsening situation on the coronavirus front which can ultimately offset the optimism about the better-than-expected economic data.
Technical Analysis
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Market analysis about trading
Today market trend = sell
Oscillator sales volume
Current price
And
Support points and resistance
market ke nechay janey k haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur
apni samjh soch ke sath trading
Kren
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Today position :buy
Ye kaafi weak chal raha hai aur esliye esme usd strong hone ki wajah se ye pair up ho raha hai,esme ka level agar break hota hai to esme fir buy nahi karna chahiye,.aur sabse strong support esme long term trading ke liye hai tabb takk esme trader buy the dip karke market me sahi entry lekar apne trade ko open aur close kar sakta hai.
Aj k liye buy Karna zaida better rahay ga
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Forex Trading ek tarah se exchang currency hota hai. iske andar**foreign currency me business hota hai.
forex market 1875 ke aas paas *start hua tha aur 1944 me sabhi country ne milkar ek naya rule banaya aur uss rule ke anusaar U.S.A.
ki dollor currency ko depending Money ke roop mr rakha gaya.**aur*Time to time isme aur bhi bahut se changing hone lag *aur 1990 me Forex Trading aaj upyog hone wale bada electronic market start hua. aur apko bta de ki*Forex Trading ka profit us currency kr market rate par depand karta hai *aap jis *currency me
Forex Trading karte hai aur aap *currency par trade karte hai aur uss ka price jab international market me kam yaa phir jyada hota hai to uske hisab se apko profit *yaa phir loss hota hai.
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Today Market position is : sell
Currant position or previously position market k down honey ka ishara day raha hain
Support or resistence be market k down janay ki terf ishara day rahay hain
Is liya ajj sell ki trade laganay me he faida hai
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Today Market position is : sell
Currant position or previously position market k down honey ka ishara day raha hain
Support or resistence be market k down janay ki terf ishara day rahay hain
Is liya ajj sell ki trade laganay me he faida hai
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Today Market position is : Sell
Market ajj bohut zaida nechay ki terf move kar gyi hai
Or Support and Resistance be Market kay nechay k janay ka Ishara day raha hai
Is liya Sell ki trade laga dani chahiye
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Today market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.
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once in the prediction of several indicators for daily analysis
great day dear all member today because market trend is Upward that's indicator Bollinger Bands is trend down and signal Parabollic Sar is BULLISH TREND
then I recommend you to do the open position BUY with some criteria such as the following. fundamental analysis or technical analysis ko dekhte howey or market me ajj k din ki sport or resistence ko follow karte howey market ki postion main. market ke hisab se ap TP or SL set kr sakte hain umed krta hun ap ko mere analysis se fida ho ga or achi earning bhe ho ge ap logo ko. indicators ko follow karte hoye aur apni samjh soch ke sath trading karni chahiye
forex trading is a good way to make money from home, no doubt, but for that you need some special skills as patience is the key in the Forex market. trader must remain calm and calm in the market while losing several trades
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Today Market Trend is =Buy
Current position and previous position indicate the market going up
Support or resistance point be market k up honey ka ishara day raha hai
Is liya ham ko buy ki Trade laga dani chahiye
