2010 profit + 1179, 2011 + 971

2010 January +236, February +22, March +190, April +198, May +607, June +63, July 0, August -50, September +62, October -240, November +114, December 0,


2011 January +388, February - 80, March 0, April -114, May 0, June -15, July +433, August 0, September +260, October +253, December -154


2012 January +365, February 0, March +236, April +203, May 0, June 0, July





TRADING FOREX MARKET

The fact is that pattern exist is evidence of price manipulation, which in turn creates predictability that produces profitability for those who can see the patterns.

Greggory L. Morris

Wednesday, June 2, 2010

USD/CAD +81


BOC yesterday raised int. rate by 0.25% and that is by no means negative for the CAD, although it did drop after the announcement across the board because of dovish statement from BOC following the announcement. With risk aversion very much present throughout the markets caution is advised in buying CAD & selling USD. From technical prospective it is clear that pair is unable for couple of days to go through resistance at 1.0560-ish. Simple moving averages also clearly define support/resistance at certain levels, and particularly to pay attention at 50 SMA above which one stops should be placed and targets should be placed at 1.0450 and bellow.200 SMA looks like ultimate target.
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