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October, 30 - USD/CAD is going to be very difficult today

 

Were you counting on an easy day?

 

Well, if you are here, that means that you are a trader and this means that an easy day is just not going to happen for you. Especially if you are the one of traders who prefer to trade USD/CAD. This couple is going to become the reason for a lot of new grey hairs today. All because both of the currencies are waiting for a lot of red-importance reports and this means that a lot of eyes and nervous minds are going to be following every tick of the couple. And that means that it Is very prone to easy selloffs for the next 12 or so hours.

 

usdcad 30.10.2019

 

Both USD and CAD are going to be very unstable. We are waiting for 7 reports for the greenback and 4 reports for Canadian dollar, including press conferences on the future of both of the economies from the Central Banks. No one is going to blame you if you are going to ditch the couple for today, but seeing how USD is leading here, there is a chance that the couple is going to grow and USD is going to win. And this chance is exactly what is keeping us from bailing on the couple completely.

 

Of course these risks are always there. So, let’s try and use as much trading signals as we can and try and win.  

 

 

Lang

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