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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Thursday, 25 November 2010 06:22
USDCHF
USDCHF closed @ 9960 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 25 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 9845 holds and Daily Trend is also Sideways while 9745 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 partially towards the Close which signifies a Range Trading with some strength. The MA is suggesting an Upside Bias and the Oscillators are Bullish but Weak . The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns suggesting a Choppy session until the break, 9915-9845 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: 9915 9840 9785 BEARS: 10000 10060 10110
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9815 which was ABOVE the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Hrly Level and the Low was 25 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 Turning Down while 9875 holds and Daily Trend is Sideways Down while 10055 holds, so expect the Price to Turn Down Soon, so the Bulls may stay Sidelined and the Bears get ready to pull the Trigger. The Daily Trend was within the Prior Day's Range and the Bulls gained aggressively towards the Close which signifies a Range Trading. The MA is suggesting a Choppy session and the Oscillators are 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, 9770-50 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDCAD
USDCAD closed @ 10100 which was BELOW the open and breached the previous day's low. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was 25 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 while 10205 holds and Daily Trend is Turning Up while 9975 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend Plunged Below the Prior Day's Open and the Bears were holding till the Close which signifies a Range Trading with some Weakness. The MA is suggesting a Downside Bias and the Oscillators are Bearish. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break, 10145-10205 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 Precise Trader for a Free Trial.
Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.