KNOW WHAT OTHERS DON'T
Welcome to my Market Directions ramblings.
I mainly focus on Major Forex pairs.
The idea is to grasp Intermediate to Longer term market moves.
I use different aspects of Technical Analysis and I take into consideration economic news data, but just in conjunction with my technical analysis.
Comments and criticism are welcome as long as they are constructive and will help both readers and me to improve our understanding of markets moves.
Friday, March 03, 2006
USDCAD: Defcon 4 alert ... oil weaponry & wait!
75% probability for ignition at contact point shown in daily chart. Caveat: 161.8 level is still a bit lower on voodoo Fib grid and is acting like a magnet/magnate. Macd has already made contact. RSi not yet. The trendline supports are from 2004 and 2003 respectively and command considerable respect. If they fire, it will be a rocket blast for some good gains, even if it is only for a few days.
More as we go
Go salowly.
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