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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Thursday, 13 January 2011 06:01
USDCHF
USDCHF closed @ 9665 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 20 pips from Precise Trader's Sup Tgt 2. 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 Limited Up while 9605 holds and Daily Trend is Turning Up while 9370 holds, so expect the Price to have a Minimum Upside and the Bulls have to be Cautious. The Daily Trend was within the Prior Day's Range but the Bears gained towards the Close and the registered High is below the Prior Day's which signifies a Range Trading with some Weakness. The Price is within the MA and the Oscillators are suggesting Weakness. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a High may have been seen, 9620-05 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: 9660 9600 9540 BEARS: 9725 9785 9845
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9965 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Tgt 2 and the Low was 20 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 while 9880 holds and Daily Trend is Turning Down while 10110 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend breached the Prior Day's Low but the Bulls gained aggressively towards the Close and the High/ Low was above the Prior Day's Range which signifies some strength . The Price is within the MA and the Oscillators are suggesting a weak Upside Bias. The Hourly Trend is in a Range Trading and the Patterns are suggesting a Choppy session until the Break ,9920-880 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDCAD
USDCAD closed @ 9860 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 1. 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 Sideways while 9935 holds and Daily Trend is Sideways Down while 10075 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend breached the Prior Day's Low, the Bears were holding till the Close and the High/Low was Lower which signifies some more Weakness. The Price is mildly below the MA and the Oscillators are suggesting some Weakness but may be Limited. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break,9905-35 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.