Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 06 December 2010 06:32
USDCHF
USDCHF closed @ 9735 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 20 pips from Precise Trader's Critical Sup. The Hourly Oscillators are Bearish but Oversold and the Price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Limited Down while 9885 holds and Daily Trend is Sideways while 9550 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. The Daily Trend Plunged below the Prior Day's Low and the Bears were holding till the Close which signifies some Weakness but we may get a pullback. The MA is suggesting a Limited Downside Bias and the Oscillators are the same. The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns suggesting a Choppy session until the break, 9805-85 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: 9695 9635 9565 BEARS: 9785 9840 9895
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9930 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Tgt 3 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Overbought and the Price is Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Limited Up while 9800 holds and Daily Trend is Turning Up while 9535 holds, so expect the Price to have a Minimum Upside and the Bulls have to be Cautious. The Daily Trend Rallied above the Prior Day's High and the Bulls were holding till the Close which signifies some more Strength but it is Trading at Critical Levels. The MA is suggesting an Upside Bias and the Oscillators are suggesting some pullback. The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns are suggesting Lower lows but may be Limited, 9865-00 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are suggesting that AUD is Weak against four Crosses but may be Limited so the Bears 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 @ 10040 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at 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 Limited Down while 10110 holds and Daily Trend is Sideways while 9920 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. 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 Choppy session and the Oscillators are suggesting the same . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break, 10085-10110 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.