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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 15 March 2010 06:43
USDCHF
USDCHF closed @ 10580 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 PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are Turning Bullish and the price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways Down while 10675 holds and Daily Trend is also Sideways Down while 10830 holds, so expect the price to be Choppy and Upside may be limited. The Daily Trend plunged below the few day's low and the Bears holding their gains till the close. The Hourly Trend has been in a Range Trading with a limited Upside Bias, 10675-10715 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 with a potential to break lower. The Opening Price Principles are mixed so Cautious approach is needed until the break.
BULLS: 10550 10475 10455 BEARS: 10630 10655 10710
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : SHORT near 10630 10655 with a tight stop with a 50 pips price target.
AUDUSD
AUDUSD closed @ 9155 which was UNCHANGED from the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 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 9085 holds and Daily Trend is also Sideways while 9000 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend Kissed the prior two day's High but closed Unchanged towards the close. The Hourly Trend has been in a Range Trading with no Clear Direction ,9110-9085 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: 9110 9085 9025 BEARS: 9195 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 @ 10195 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish but Weak and the price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 10270 holds and Daily Trend is Sideways Down while 10450 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend plunged but the Bears gave up mildly towards the close. The Hourly Trend has been in a Range Trading with no Clear Direction ,10245-70 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: 10165 10125 10070 BEARS: 10235 10270 10320
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only