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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 16 March 2010 06:05
USDCHF
USDCHF closed @ 10620 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 15 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 Down while 10675 holds and Daily Trend is also Sideways Down while 10820 holds, so expect the price to be Choppy with a Downside bias. The Daily Trend was within the prior day's Range but the Bulls gave up mildly towards the close. The Hourly Trend has been in a Range Trading with a Downside Bias but 10570 is a critical level to watch for the Bears, 10675-10715 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 with a potential to break lower. The Opening Price Principles are mixed so Cautious approach is needed until the break.
BULLS: 10570 10515 10455 BEARS: 10650 10710 10750
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : SHORT near 10655 10680 with a tight stop with a 50 pips price target.
AUDUSD
AUDUSD closed @ 9145 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 Hrly Level. 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 8980 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend was within prior few day's Range but closed Unchanged towards the close. The Hourly Trend has been in a Range Trading with no Clear Direction ,9100-9085 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 Choppy Session until the break. The Opening Price Principles are mixed so Cautious approach is needed until the break.
BULLS: 9105 9040 9025 BEARS: 9195 9230 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 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 Zone 1. The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10270 holds and Daily Trend is also Sideways while 10390 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend was within prior day's Range but the Bulls gave up half of their gains 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 10105 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