2012 and longer term views – USDCAD, GBPCAD, GOLD, NZDUSD

Europe is done, Europe will fall apart and everybody is hiding in the $ fields. This is what we are hearing for the last few months. Although I do not like longer term predictions on the MACRO scale I am also a MID-TERM $$$'s BULL (possibly because of all the media havoc but also because of charts).  I think gold has a potential of falling towards 1450 – 1400 zone (great place to be bull little longer term) and that USDCAD can create new weekly HH. NZD, CAD,AUD,EUR or so called risk currencies might fall and that would send dollar higher. GBPCAD broke it's five years decline during this year and is building some kind of pressure towards 1.64 (bottom building). So what might be some higher probabilities trades for 2012?

GBPCAD – BULL – after breaking and holding above 1.64 with approx 800pips SL and target 1.8 possibly 1.85 (2R – 2.5R)
GOLD BULL again at 1400-1450 with $150 SL & target at $2500 (5,5R)
USDCAD BULL at 1.0100 with 200pips SL & target at 1.0750 (3,25R)

And little shorter term NZDUSD although I am bit skeptical about this pair with 8000level ahead. In my opinion EURO will see the 1.20level during 2012 but again we are not in the business of predictions. Our goal is to trade and in that sense I wish everyone the best trading experience, good risk management habits and bit of luck.

See you on the other side.