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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 18 January 2011 06:24
USDCHF
USDCHF closed @ 9645 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 Bearish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 9725 holds and Daily Trend is Turning Up while 9365 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range but the Bulls gave up mildly towards the Close and the High & Low are within 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 Choppy session until the break, 9690-9725 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: 9615 9570 9515 BEARS: 9690 9745 9785
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9940 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Zone 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 10020 holds and Daily Trend is Turning Down while 10110 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range but the Bulls gained mildly towards the Close and the High & Low were within the Prior Day's Range which signifies a Range Trading . The Price is within the MA and the Oscillators are suggesting some Weakness. The Hourly Trend is in a Range Trading and the Patterns are suggesting a Choppy session until the Break ,9985/10020 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 @ 9870 which was BELOW the open and breached the previous day's low. The High was 25 pips from Precise Trader's Res Zone 1 and the Low was 20 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 Sideways while 9940 holds and Daily Trend is also Sideways while 10065 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range, the Bears gained mildly towards the Close and the High & Low were within Range which signifies a Range Trading. 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,9915-40 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.