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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 21 September 2010 06:55
USDCHF
USDCHF closed @ 10050 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 20 pips from Precise Trader's Sup Tgt 1. 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 Turning Up while 9975 holds and Daily Trend is Limited Down while 10325 holds, so expect the Price to Turn Up Soon, so the Bears may stay Sidelined and the Bulls get ready to pull the Trigger. The Daily Trend was within the Prior two Day's Range but the Bears gained towards the Close which signifies a Choppy session with some Weakness . The MA is suggesting but it is approaching Critical levels and the Oscillators are Bearish but Weak. The Hourly Trend has been in a Range Trading and the Patterns are suggesting Choppy Session with a Potential to Turn Up Soon, 10000-9975 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the price breaks out of Zone 1 levels.
BULLS: 10000 9925 9845 BEARS: 10080 10150 10230
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9475 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 15 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 9395 holds and Daily Trend is Sideways Up while 9245 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend is Bullish but is still trading in a Range which signifies a Choppy Session until the break . The MA is suggesting a Bullish Bias and the Oscillators are suggesting some Weakness. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Range Trading until the break ,9430-9395 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the price breaks out of Zone 1 levels.
BULLS: 9415 9345 9300 BEARS: 9495 9550 9605
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
USDCAD
USDCAD closed @ 10280 which was BELOW 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 15 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 10215 holds and Daily Trend is also Sideways while 10515 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend is Bearish with Range Trading and the Bears gained towards the Close which signifies a Choppy session until the Break .The MA is suggesting a Choppy session and the Oscillators are suggesting Mixed Signals . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break,10230-15 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the price breaks out of Zone 1 levels.
BULLS: 10265 10210 10160 BEARS: 10350 10410 10475
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
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