Good morning, ladies and traders. After a series of drops, the pair started corrected since the beginning of the week, and short-term trend remains bullish. However, the growth path is located 1.2800 resistance formed by fractal graphics as well as the level of accumulation of the maximum amount of the previous week. Thus, it is likely that this level will not be passed, against the background of a lack of positive information from the European Union. This raises the idea of trading with minimal risk and a favorable ratio of the take / loss, and the goal of reducing located in an area 1.2600/650. Forecast period, the relevance of 2-3 days. In the case of consolidation above the resistance, the forecast will be revised.
01/12/2012 04:16 am
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Today I’ll discuss a couple of USDCAD, as in the short perspetive have an interesting opportunity for trade. Resistance formed at 1.0200, and there is potential to further reduce the area of 1,000 couples. This is evidenced by the fractal structure, the other - a fractal pattern of the market. This feature is characterized horoshimm ratio of risk to profit, and the abolition of this scenario will consolidate above this resistance level. I wish you success in trade and sound money management. The forecast horizon - up to 18-20 January.
