Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 22 October 2010 06:27
USDCHF
USDCHF closed @ 9680 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 15 pips from Precise Trader's Sup Zone 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 9590 holds and Daily Trend is Turning Up while 9460 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend was within the Prior Day's Range but the Bulls gained towards the Close which signifies some Strength. The MA is suggesting an Upside Bias and the Oscillators are Bullish. The Hourly Trend has been in a Range Trading with 9780/9835-65 as Price Targets and the Patterns suggesting Higher Highs are expected once 9725-60 levels are cracked, 9635-9590 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are suggesting that CHF is Weak against Four Crosses so the Bears have to be Sidelined until 9635-9590 is regained.
BULLS: 9660 9625 9575 BEARS: 9725 9765 9825
Today's Strategies: LONG near 9660 9625 with a tight stop with a 50 pips price target.
AUDUSD
AUDUSD closed @ 9770 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 Sup Zone 5 (U Turn Zone). 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 9895 holds and Daily Trend is Sideways while 9535 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 more Weakness. The MA is suggesting a Downside Bias and the Oscillators are Bearish. The Hourly Trend has been in a Range Trading with 9725/9650-00 as Price Targets and the Patterns are suggesting a Choppy session with a potential to break Lower, 9815-9895 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 @ 10265 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at 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 Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 10180 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 was within the Prior Day's Range and the Bulls gained towards the Close which signifies a Choppy Session with some Strength. The MA is suggesting an Upside Bias and the Oscillators are Bullish. The Hourly Trend has been in a Range Trading and the Patterns are suggesting Higher Highs are expected , 10215-10180 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.