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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 26 October 2010 06:17
USDCHF
USDCHF closed @ 9710 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 PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 9605 holds and Daily Trend is Turning Up while 9460 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range but the Bears gave up mildly towards the Close which signifies 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 Targets and the Patterns suggesting a Choppy session until the break, 9665-05 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: 9685 9645 9605 BEARS: 9765 9805 9845
Today's Strategies: LONG near 9685 9645 with a tight stop with a 50 pips price target.
AUDUSD
AUDUSD closed @ 9905 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was 10 pips from Precise Trader's Hrly Level. The Hourly Oscillators are Turning Bearish and the Price is Above the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 9975 holds and Daily Trend is also Sideways while 9615 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior few Day's Range but the Bulls gained and gave up partially towards the Close which signifies some Weakness. The MA is suggesting a Choppy session with a Downside Bias and the Oscillators are Turning Bearish. The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns are suggesting Lower Lows are expected, 9835-75 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 @ 10200 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Tgt 2. 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 10275 holds and Daily Trend is Sideways Up while 10000 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior few Day's Range and the Bears gained but gave up partially towards the Close which signifies a Choppy Session until the Break. The MA is suggesting a Choppy session with a Mixed Bias and the Oscillators are Bearish but Weak. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break, 10250-75 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.