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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Thursday, 02 December 2010 06:06
USDCHF
USDCHF closed @ 10025 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 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 while 9955 holds and Daily Trend is also Sideways while 9845 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range and the Price Closed unchanged towards the Close which signifies a Range Trading. The MA is suggesting a Range Trading and the Oscillators are giving Mixed signals. The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns suggesting a Choppy session until the break, 9980-55 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: 9985 9955 9875 BEARS: 10075 10115 10165
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9685 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 5 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways Up while 9560 holds and Daily Trend is Limited Down while 9795 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend breached the Prior Day's High were holding till the Close which signifies some more Strength. The MA is suggesting a Choppy session and the Oscillators are suggesting still Bullish . The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns are suggesting the Downside may be limited to 9605-9560 levels, 9605-9560 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are suggesting that AUD is Weak against most of the Crosses but may be limited, so the Bears may have to be Cautious.
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.
USDCAD
USDCAD closed @ 10170 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 Zone 5 (U Turn Zone). 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 10245 holds and Daily Trend is Turning Up while 9975 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior few Day's Range but the Bears gained aggressively towards the Close which signifies a Range Trading . The MA is suggesting a Choppy session and the Oscillators are a Limited Downside . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break, 10220-45 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.