Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 07 December 2010 05:56
USDCHF
USDCHF closed @ 9820 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Below the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways Down while 9945 holds and Daily Trend is Sideways while 9550 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily Trend was within the Prior Day's Range but the Bulls gave up mildly towards the Close which signifies some Weakness. The MA is suggesting a Downside Bias and the Oscillators are suggesting that Upside may be Limited. The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns are suggesting a Choppy session until the break, 9900-45 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: 9775 9700 9620 BEARS: 9860 9925 9965
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9900 which was BELOW the open and was within prior day's trading range. The High was 25 pips from Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish but Weak and the Price is Above the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 9830 holds and Daily Trend is Turning Up while 9625 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range and the Bears gave up partially towards the Close which signifies a Range Trading . The MA is suggesting an Upside Bias and the Oscillators are suggesting the Downside may be Limited. The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns are suggesting a Choppy session until the Break, 9855-30 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 Precise Trader for a Free Trial.
Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDCAD
USDCAD closed @ 10060 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 5 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 10120 holds and Daily Trend is also Sideways while 9920 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range and the Bulls gained mildly 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, 10105-20 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.