24 May 2010 Analysis & Strategies « WorldBestPortfolio.com

May/10

24 May 2010 Analysis & Strategies

WorldBestPortfolio.com has released our analysis for 24 May 2010. Please read this post for more on our take on today’s market.

USDCAD

USDCAD saw a massive rally from its lows of 0.99728. It has found resistance at 1.0750.

The resistance at 1.0750 has proved significant since November 2009, where we saw several tests of that level.

We expect 1.0750 to continue holding up, pushing prices back down to at least 1.0248, breaking thru that will see prices fall back to the lows of 0.99728.

The alternate scenario will see USDCAD climbing back above 1.0750. Breaking thru 1.0750 will be significant and could see price action bring USDCAD back up to 1.2000+

WorldBestPortfolio runs a forex trading signal service, where traders from beginners to experts, can benefit and mirror each and everyone of WorldBestPortfolio’s trades. WorldBestPortfolio.com trades with the name“ForexCapitalGrowth” over at Zulutrade.com. For more information and stats on our trads, visitForexCapitalGrowth at Zulutrade.

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USDCAD

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Analysis and Strategies on this blog do not necessary mirror each and everyone of our trades. However, they are an insight into how we narrow down the various possible currency pairs and our trading chain of thought.

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WorldBestPortfolio runs a forex trading signal service, where traders from beginners to experts, can benefit and mirror each and everyone of WorldBestPortfolio's trades. WorldBestPortfolio.com trades with the name "ForexCapitalGrowth" over at Zulutrade.com. For more information and stats on our trads, visit ForexCapitalGrowth at Zulutrade.

WorldBestPortfolio also runs a signal service at RentaSignal.com. For a small monthly fee, you're able to receive and trade with all our signals.

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