Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 19 October 2010 06:28
USDCHF
USDCHF closed @ 9595 which was UNCHANGED from 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 Tgt 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways Up while 9500 holds and Daily Trend is Sideways while 9765 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend was within the Prior few Day's Range but the Price Closed Unchanged towards the Close which signifies a Choppy session with some Strength. The MA is suggesting a Choppy session with an Upside Bias and the Oscillators are Mixed. 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 9445 BEARS: 9625 9685 9735
Today's Strategies: LONG near 9545 9495 with a tight stop with a 50 pips price target.
AUDUSD
AUDUSD closed @ 9890 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Res Tgt 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways Down while 9965 holds and Daily Trend is Sideways while 9710 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily Trend was within the Prior few Day's Range but the Bears gained but gave up most of their gains towards the Close which signifies some Strength during Asian Session. The MA is suggesting a Choppy session with a Downside Bias and the Oscillators are Mixed. The Hourly Trend has been in a Range Trading and the Patterns are suggesting Lower lows are expected if the High 9960 holds and 9845-9785 gives way, 9935-60 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 2 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 @ 10175 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 25 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 Up while 10070 holds and Daily Trend is Turning Up while 9975 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend breached the Prior Day's High but the Bulls gave up partially towards the Close which signifies some Weakness during Asian Session . The MA is suggesting an Upside Bias and the Oscillators are Mixed. The Hourly Trend has been in a Range Trading and the Patterns are suggesting Higher Highs are expected provided 10125 holds and 10225 gives way , 10125-10070 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 & 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.