FOREX FORECAST FOR 28TH OF DECEMBER, 2012. CLICK ON THE CHART TO ENLARGE
Money and Finance

FOREX FORECAST FOR 28TH OF DECEMBER, 2012. CLICK ON THE CHART TO ENLARGE


Today on the 4 hour chart, the USD/CAD is moving side ways. But we are going to pay 
attention at the channels marked with thick red line. Currently the market is moving 
upwards and we are expecting it to continue on its upwards
side ways within the channels at level 0.9952 and 0.9907.

RECOMENDATION : Buy if the price break the up channel at level line 0.9952 with stop 
loss place a little below the 0.9952 up channel level and take profit set at 1.9989 and 
1.0033 respectively.

Sell if the price break the down channel at 0.9907 and is going downwards with your 
stop loss place a little above the down channel at 0.9907 and take profit at level 0.9869 
and 0.9831 respectively. Please always use your MACD to time your entry point. And risk 
only 3% of your capital. 






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