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Message: [QUOTE="Vistabrokers, post: 78600, member: 32993"] [B]USD / CAD Shows Vital Signs[/B] At the end of January saw the US dollar has established nearly six-year low value against the Canadian dollar, which became possible amid the large-scale decline in oil prices (Canada is one of the largest exporters in the world), and the subsequent reduction in key interest rates of the Bank of Canada. However, with the advent of the correction oil market conditions has changed, and the last wave of growth met with a correction, which has taken the form of "triangle". This graphic figure only shows a lull, because with the advent of new vehicle, boundaries of the pattern will be overcome by the price and this will indicate priority for action. At this point, it seems that the bulls in USD / CAD began to take the upper hand, which became the cause of Friday's data on changes in retail sales in Canada. The December value has fallen by 2%, despite the fact that expectations were reduced to decrease by only 0.3%. [IMG]http://s016.radikal.ru/i335/1502/c4/f29e5ffc5814.png[/IMG] It should be noted that the support for quotes is still provided by the trend line which has started on December 31 and which has repeatedly made the point for bulls' purchases. However, in this case, only the output of the aforementioned triangle boundaries will give us a signal to enter. So, on top the 1.2600 mark is still tighten growth, and the 1.2360 mark is doing it below. [B]EUR / USD. Cautious Optimism[/B] The main currency pair has experienced some signs of turbulence, when on Friday the weak data on business activity in the industrial sector of the region's economy disappointed the market, bringing up quotes to the earlier indicated level of support (1.1270). No less dramatic was also a rebound from this mark after it became aware of a high probability of the current bailout program for Greece extension for another 4 months, which was rumored to be from the text of the agreement. Greeks asked for more (6 months), and the details of the agreement have not yet been disclosed, as well as not yet taken, however, it can take some of the risk out of the market in the context of what the country looks set to remain in the ranks of the eurozone. Thus, at the moment the pair is trading at usual levels, with in addition of a hidden growth potential, when the details of the agreement will be known. [IMG]http://s019.radikal.ru/i626/1502/eb/27380f8274b1.png[/IMG] There is nothing more permanent than temporary, so the work in a horizontal channel (1.1270 - 1.1450) on the rebound from its borders, at the moment, is one of the most appropriate trading tactics. In this case, it is useful to use addition signals from indicators such as stochastics to confirm. At the same time, the potential after the powerful motion beyond this range is very high, and we must remember this. [/QUOTE]

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