“In other words, the dollar tends to perform well in election years, which will be important for traders to remember in 2012,” Lien says.
Wednesday, 28 December 2011
USD/CAD in Focus - Kathy Lien hightlighted USD might be star currency to look out for in election year.
http://blogs.wsj.com/marketbeat/2011/12/27/dollar-stocks-tend-to-rise-in-election-years/
Lien notes the dollar is also blessed at the end of the four-year
cycles. She uses the deutschmark as a proxy to generate the changes in
the EUR/USD going back to the 1970s, covering nine election years. In
eight of them, the currency pair weakened by an average of 6.
“In other words, the dollar tends to perform well in election years, which will be important for traders to remember in 2012,” Lien says.
“In other words, the dollar tends to perform well in election years, which will be important for traders to remember in 2012,” Lien says.
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Monthly chart USD CAD shows a Non-Symmetrical triangle. We should see a major break out as i am pretty bullish on the USD amid the euro crisis , transition of N.korea power- might trigger a nuclear focus in Asia pacific.
ReplyDeleteDec open price for USD/CAD 1.0187(based on metatrader chart).
PipsFarmer Trade call - Long USD/CAD @ 1.0278 fio level 23.6 which is a significant level to break out. Current Price is 1.0230 as i publish this blog.
I calling this trade long term, as i gunning for the level 38.2 fib level ,take profit @1.0800. Stop loss : 0.9650. Will be reviewing this thread to keep u guys update.
any suggestion how can i do a clearer charting, sorry guys u got to enlarge to have a better look. It looks blur , ops. My apologizes
ReplyDeleteSo what are the trades to look out for in the new week of the new year? :)
ReplyDeleteLooking forward to your invaluable guidance.
Damian
sorry , just come back from Macau.. well, i would say one can observe eur/chf when it get near 1.200 level.. for scalping, the pips range movement of eur/chf will be limited about 40pips. whenever u see eur/chf move up 40 or down 40, u can try to scalp.
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