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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 12 March 2010 05:45
USDCHF
USDCHF closed @ 10685 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 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10750 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 mildly towards the close. The Hourly Trend has been in a Range Trading with no clear direction, 10735-50 are the critical levels to watch to maintain the Bearish Outlook . On the 5 min is along the gradual Down 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: 10670 10630 10560 BEARS: 10715 10750 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 UNCHANGED from the open and was within prior day's trading range. The High was 5 pips from 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 Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 9085 holds and Daily Trend is also Sideways while 8965 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend breached the prior day's Low but closed Unchanged towards the close. The Hourly Trend has been in a Range Trading with no Clear Direction ,9125-9085 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: 9125 9070 9035 BEARS: 9185 9235 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 @ 10240 which was UNCHANGED from the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Hrly Level 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 10325 holds and Daily Trend is also Sideways while 10410 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend breached the prior day's High marginally but closed Unchanged towards the close. The Hourly Trend has been in a Range Trading with no Clear Direction ,10290-10325 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: 10275 10325 10365
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only