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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 09 March 2010 06:31
USDCHF
USDCHF closed @ 10730 which was BELOW the open and breached the previous day's low. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10675 holds and Daily Trend is also Sideways while 10545 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend was within prior few day's Range with the Bears giving up most of the gains towards the close. The Hourly Trend has been in a Range Trading with no clear direction, 10700-10675 are the critical levels to watch to maintain the Bullish outlook . On the 5 min is along the gradual Up Channel and the price patterns are suggesting a Choppy Session until the break. The Opening price principles are mixed so Cautious approach is expected until the break.
BULLS: 10695 10630 10545 BEARS: 10760 10800 10860
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
AUDUSD
AUDUSD closed @ 9095 which was ABOVE the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the price is Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 9030 holds and Daily Trend is Sideways Up while 8915 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend breached the prior day's high and the Bulls gave up most of their gains towards the close. The Hourly Trend has been in a Range Trading with no clear direction ,9045-30 are the critical levels to watch to maintain the Bullish outlook . On the 5 min is along the Horizontal Channel and the price patterns are suggesting Choppy Session until the break. The Opening price principles are mixed so Cautious approach is needed until the break.
BULLS: 9045 9005 8960 BEARS: 9125 9185 9225
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
USDCAD
USDCAD closed @ 10275 which was BELOW the open and was within prior day's trading range. The High was 25 pips from Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10345 holds and Daily Trend is Sideways Down while 10445 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend breached the prior day's Low marginally and the Bears gave up towards the close. The Hourly Trend has been in a Range Trading with no clear direction ,10325-45 are the critical levels to watch to maintain the Bearish outlook . On the 5 min is along the Horizontal Channel and the price patterns are suggesting a Choppy Session until the break . The Opening price principles are mixed so Cautious approach is needed until the Break.
BULLS: 10230 10170 10135 BEARS: 10325 10395 10435
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only