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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Thursday, 11 March 2010 06:30
USDCHF
USDCHF closed @ 10700 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Hrly Level. The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 10780 holds and Daily Trend is also Sideways while 10545 holds, so expect the price to be Choppy with a Downside bias. The Daily Trend was within prior few day's Range with the Bears gaining towards the close. The Hourly Trend has been in a Range Trading with no clear direction, 10730-80 are the critical levels to watch to maintain the Bearish 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: 10645 10575 10545 BEARS: 10730 10780 10830
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
AUDUSD
AUDUSD closed @ 9155 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Above the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Turning Down while 9200 holds and Daily Trend is Sideways while 8965 holds, so expect the price to be Choppy with a Downside bias. 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 Creeping Lower with a mixed Bias ,9185-9200 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 Choppy Session with a potential to break lower. The Opening price principles suggests that AUD is mildly Weak against most Crosses so Cautious approach is needed for the Bulls.
BULLS: 9075 9035 8995 BEARS: 9185 9210 9275
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
USDCAD
USDCAD closed @ 10245 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at 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 10310 holds and Daily Trend is also Sideways while 10430 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 marginally towards the close. The Hourly Trend has been in a Range Trading with no Clear Direction ,10310-45 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: 10215 10170 10120 BEARS: 10300 10345 10405
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only