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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 19 January 2011 06:16
USDCHF
USDCHF closed @ 9635 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are Turning Bearish and the Price is Below the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 9700 holds and Daily Trend is Turning Up while 9400 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range but the Bears gave up most of their gains towards the Close and the High & Low are within the Prior Day's which signifies a Range Trading with some strength. 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, 9680/9700 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: 9580 9540 9470 BEARS: 9640 9685 9755
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9995 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Hrly Level and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 9910 holds and Daily Trend is Turning Down while 10165 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend was within the Prior Day's Range but the Bulls gained towards the Close and the High & Low were within the Prior Day's Range which signifies a Range Trading . The Price is mildly above the MA and the Oscillators are suggesting some more strength. The Hourly Trend is in a Range Trading and the Patterns are suggesting that the price is approaching stiff resistance ,9950-10 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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USDCAD
USDCAD closed @ 9915 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Turning Up while 9850 holds and Daily Trend is Sideways while 10065 holds, so expect the Price to Turn Up Soon, so the Bears may stay Sidelined and the Bulls get ready to pull the Trigger. The Daily Trend was within the Prior Day's Range but the Bulls gained towards the Close and the High & Low were within Range which signifies a Range Trading. The Price is mildly above the MA and the Oscillators are suggesting strength. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session with the Downside Limited,9870-50 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 & 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.