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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 24 September 2010 06:49
USDCHF
USDCHF closed @ 9855 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 5 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the Price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 9940 holds and Daily Trend is Sideways Down while 10175 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend breached the Prior Day's Low and the Price Closed unchanged towards the Close which signifies a Choppy session until the break . The MA is suggesting a Mixed Bias and the Oscillators are suggesting the Same. The Hourly Trend has been in a Range Trading with no Price Target until the break and the Patterns are suggesting a Choppy session until the break, 9900-40 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 1 levels.
BULLS: 9785 9700 9660 BEARS: 9940 10010 10080
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9490 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 10 pips from Precise Trader's Sup Zone 5 (U Turn Zone). 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 9550 holds and Daily Trend is Sideways Up while 9360 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend breached the Prior Day's Low but the Bears gave up mildly towards the Close which signifies a Choppy session with some Strength . The MA is suggesting a Choppy session and the Oscillators are suggesting Bearish but Weak. The Hourly Trend has been in a Range Trading with no Price Target and the Patterns are suggesting a Choppy session until there is a Clear Break, 9535-50 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 1 levels.
BULLS & BEARS : Get the full report by visiting www.precisetrader.com for a Free Trial.
Today's Strategies: Get the full report by visiting www.precisetrader.com for a Free Trial.
USDCAD
USDCAD closed @ 10345 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 10260 holds and Daily Trend is also Sideways while 10515 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within a Range Trading and the Bulls gained partially towards the Close which signifies a Choppy session until the break . The MA is suggesting a Mixed Bias and the Oscillators are suggesting Bullish but Weak The Hourly Trend has been in a Range Trading with no Price Target and the Patterns are suggesting Choppy session until the break, 10295-60 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 & BEARS : Get the full report by visiting www.precisetrader.com for a Free Trial.
Today's Strategies: Get the full report by visiting www.precisetrader.com for a Free Trial.