Forex Currency Trading Pivot Point Basics First Entry

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . MORE DETAILS.... bit.ly At the Forex currency market the Canadian Dollar rate goes down slightly on Friday although it is still strong enough to continue growth. Forex forecast: MACD indicator for the pair USD/CAD is going up slowly in the negative area and is giving a buy signal. Stochastic Oscillator goes up in the neutral zone and is giving a buy signal. Forex recommendations: in case of breakdown at 0.9980 the pair will go to 0.9990 and 1.0020, however a chance is that the pair will go back to 0.9950. The Bank of Canada expressed concern about the state of the housing sector; according to the regulator 10% -decline in the sector can lead to reduction in consumption by 1% although the bulk of credits on property were used to finance consumption. The data released earlier showed that new orders in the manufacturing sector fell by 2.8% in December against prior expectations of +3.6%. Number of outstanding orders in this sector fell by 1.6% (versus +1.2% previously); Sales in this sector were low: growth amounted 0.6% in December against expected+1.9%. According to the data released earlier, real GDP in Canada fell by0.1% m/m in November (+2.0% y/y) against expectations of 0.2% m/m. Statistics released earlier showed that leading indicators index in Canada rose by 0.8% m/m in December against the forecast of +0.6% m/m. Latest statistics showed that CPI in Canada fell by 0.6% m/m (+2.3% y/y) in December against the forecast of -0.1% m/m. Despite this obvious fact, the data ...

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