Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 11 January 2011 05:42
USDCHF
USDCHF closed @ 9675 which was UNCHANGED from 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 Tgt 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. 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 breached the Prior Day's High but the Price Closed unchanged which signifies a Range Trading . The MA is above 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: 9735 9775 9825
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9955 which was UNCHANGED from 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 20 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 Limited Down while 9960 holds and Daily Trend is Turning Down while 10180 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. The Daily Trend breached the Prior Day's Low but the Bulls gained mildly towards the Close which signifies a Range Trading . The MA is providing Resistance and expect a Choppy session and the Oscillators are suggesting a Downward pressure. The Hourly Trend marched Lower with a limited downside and the Patterns are suggesting that the Price may bottom near 9785-50 levels ,9925-60 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are suggesting that AUD is Weak against all the Crosses so the Bulls may have to be Sidelined.
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 UNCHANGED from 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 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 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 and the Price Closed unchanged which signifies a Range Trading. The MA is providing some Resistance and the Oscillators are suggesting Mixed Signals . 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.