The index will rally if it breaks above the MF pivot at 77,17. Once the price consolidates above the resistance level, it will get an opportunity to reach 79,31. Otherwise (without a pivot break) the index will form a downswing – wave A inside the “Hound of the Baskervilles” pattern by Elder/MF.
Wednesday, 4 April 2012
2012 US elections impact on forex market
forex trading outlook today - 2012 US elections impact on forex market : According to the experts of Masterforex-V Academy, the forthcoming presidential elections won’t have a serious impact on the USD exchange rate. Nevertheless the Department of Masterforex-V trading system notes that the USD index futures has already broken above the MF sloping channel.
The index will rally if it breaks above the MF pivot at 77,17. Once the price consolidates above the resistance level, it will get an opportunity to reach 79,31. Otherwise (without a pivot break) the index will form a downswing – wave A inside the “Hound of the Baskervilles” pattern by Elder/MF.
The index will rally if it breaks above the MF pivot at 77,17. Once the price consolidates above the resistance level, it will get an opportunity to reach 79,31. Otherwise (without a pivot break) the index will form a downswing – wave A inside the “Hound of the Baskervilles” pattern by Elder/MF.
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