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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 14 January 2011 06:46
USDCHF
USDCHF closed @ 9640 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 15 pips from Precise Trader's Sup Zone 1. 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 Turning Down while 9785 holds and Daily Trend is Turning Up while 9370 holds, so expect the Price to Turn Down Soon, so the Bulls may stay Sidelined and the Bears get ready to pull the Trigger. The Daily Trend was within the Prior Day's Range but the Bears gained towards the Close and the High & Low are within the Prior Day's Range 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 Choppy session until the Break, 9685/9785 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: 9585 9535 9485 BEARS: 9705 9760 9825
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9975 which was ABOVE the open and breached the previous day's high. 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 Turning Bearish and the Price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Limited Up while 9905 holds and Daily Trend is Turning Down while 10185 holds, so expect the Price to have a Minimum Upside and the Bulls have to be Cautious. The Daily Trend breached the Prior Day's High but the Bulls gave up partially towards the Close and the High/ Low was above the Prior Day's Range which signifies a Range Trading . The Price is within the MA and the Oscillators are suggesting Weakness. The Hourly Trend is in a Range Trading and the Patterns are suggesting a Choppy session until the Break ,9930-05 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDCAD
USDCAD closed @ 9895 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 20 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 9985 holds and Daily Trend is Sideways Down while 10045 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range, the Bulls gained towards the Close and the High/Low was within Prior Day which signifies a Range Trading. The Price is within the MA and the Oscillators are suggesting some strength but may be Limited. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break,9950-85 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 & 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.