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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 10 January 2011 06:31
USDCHF
USDCHF closed @ 9675 which was ABOVE 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 5 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the Price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 9605 holds and Daily Trend is Turning Up while 9370 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 which signifies a Range Trading . The MA is below the Price with a limited Upside Bias and the Oscillators are suggesting some Weakness. The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns are suggesting a Choppy session until the Break, 9630-05 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: 9645 9605 9540 BEARS: 9705 9750 9800
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9960 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 Bullish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 10030 holds and Daily Trend is Turning Down while 10180 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 the Close which signifies some more Strength . The MA is providing Resistance and expect a Choppy session and the Oscillators are suggesting some strength. The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns are suggesting that the crack of 10005 level is needed for the Bulls to gain control , 10005-30 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.
USDCAD
USDCAD closed @ 9935 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 15 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 10010 holds and Daily Trend is also Sideways while 10130 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range but the Bears gained mildly towards the Close which signifies some Weakness. The MA is providing some Resistance and the Oscillators are suggesting a Downside pressure . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break,9980/10010 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.