Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 18 October 2010 06:40
USDCHF
USDCHF closed @ 9590 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 9500 holds and Daily Trend is Sideways Down while 9765 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend was within the Prior two Day's Range but the Bulls gained towards the Close which signifies Strength. The MA is suggesting a Choppy session with an Upside Bias and the Oscillators are Bullish. The Hourly Trend has been in a Range Trading with no Price Target and the Patterns suggesting a Choppy session until the break, 9545-00 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 2 levels.
BULLS: 9545 9495 9425 BEARS: 9665 9735 9800
Today's Strategies: LONG near 9560 9545 with a tight stop with a 50 pips price target.
AUDUSD
AUDUSD closed @ 9900 which was BELOW 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 Hrly Level. The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 9945 holds and Daily Trend is Sideways Up while 9710 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily Trend was within the Prior Day's Range but the Bears gained towards the Close which signifies some Weakness . The MA is suggesting a Choppy session with a Downside Bias and the Oscillators are Bearish. The Hourly Trend has been Creeping Lower and the Patterns are suggesting Lower lows are expected but the Bears may struggle near 9800-9775 levels, 9930-45 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles suggests that AUD is Weak against Three Crosses, so Cautious approach is needed for the Bears.
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 @ 10100 which was ABOVE the open and breached the previous day's high. The High was 20 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 10070 holds and Daily Trend is Sideways Down while 10315 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend breached the Prior Day's High and the Bulls gained towards the Close which signifies some more Strength . The MA is suggesting an Upside Bias and the Oscillators are Bullish. The Hourly Trend has been marching Higher and the Patterns are suggesting Higher Highs are expected, 10110-10070 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles suggests that CAD is Weak against four Crosses so the Bears may have to be Sidelined until the 10110-10070 is regained.
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.