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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 15 November 2010 06:42
USDCHF
USDCHF closed @ 9810 which was ABOVE the open and breached the previous day's high. 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 Turning Bearish and the Price is Above the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Up while 9690 holds and Daily Trend is Turning Up while 9540 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 was holding till the Close which signifies some more strength. The MA is suggesting an Upside Bias but may be limited and the Oscillators are Turning Bearish. The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns suggesting a Choppy session until the break, 9765-9690 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: 9725 9665 9600 BEARS: 9825 9895 9925
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9845 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 3. The Hourly Oscillators are Turning Bullish and the Price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways Down while 9955 holds and Daily Trend is Sideways while 9650 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily Trend plunged below the Prior Day's Low and the Bears gained were holding till the Close which signifies some more Weakness. The MA is suggesting a Downside Bias and the Oscillators are Turning Bullish . The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns are suggesting a Choppy session until the Break, 9890-9955 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 @ 10120 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 15 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 while 10005 holds and Daily Trend is also Sideways while 10250 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 aggressively towards the Close which signifies a Range Trading with some strength. The MA is suggesting a Choppy session and the Oscillators are Mixed . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break, 10065-05 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 & 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.