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Look Out For Buying Opportunity

  • Leader
    Nov 16
    The green buck seems to recover against the Canadian dollar as it
    makes the slow climb after sell rout and which may be just a correction
    move as the down rally cools off albeit temporarily. Also, this week the
    dollar was given a jack in the arm after the federal reserve upbeat
    economic outlook that they stated this mid-week, which was way different
    from the projections they had stated prior during the month of June
    meeting.To get more news about WikiFX, you can visit wikifx official website.

      Also, though not implicit but according to my readings between the
    lines, it seems Chair Powell or the board members at large, are or may
    be confident that, the American economy will recover faster than
    expected even against global coronavirus pandemic.
      Starting the
    trading month of September, market structure has been making an
    ascending channel making higher highs and higher lows and you can see
    buyers are rejecting any down moves or price bid to the down side as
    seen by those green piercing candle that were two of them that formed
    during yesterday trading day session.





      More than the key levels as clearly enumerated on the charts, market
    participants are awaiting todays retail sales data from Canada and if
    falls short of market forecast, then we expect supporting limit or stop
    orders to the upside especially after break and retest of yesterday
    trading session high.
    Jasper Njuguna is a self-taught discretionary
    financial markets trader. With cumulative 5 years experience trading the
    markets and out of which, one and a half years of that as a prop
    trader, trading large and mid-cap American equities at one of the DAY
    TRADE THE WORLD offices.

      Prior to switching career interest to trading, I have 9 years of
    experience in senior management roles driving small to large business
    development and B2B relations in creating and implementing; learning
    & development solutions, programs, organizational strategies &
    frameworks, and blended learning approaches for companies and
    institutions in Africa