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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 25 January 2011 05:39
USDCHF
USDCHF closed @ 9490 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 9565 holds and Daily Trend is Turning Up while 9300 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily Trend plunged below the Prior Day's Low , the Bears were holding till the Close and the High & Low were lower which signifies a Range Trading with some more Weakness. The Price is below the MA's and the Oscillators are suggesting Weakness. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session with a potential to break lower , 9535-65 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: 9445 9400 9365 BEARS: 9525 9575 9625
Today's Strategies: SHORT near 9525 9555 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 9975 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at 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 Up while 9865 holds and Daily Trend is Sideways while 10160 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend was within the Prior two Day's Range but the Bulls gave up mildly towards the Close which signifies a Range Trading with some Weakness . The Price is within the MA's and the Oscillators are suggesting a choppy session. The Hourly Trend is in a Range Trading and the Patterns are suggesting a Choppy session with a potential to turn up soon,9930/9865 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 @ 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 5 pips from 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 10000 holds and Daily Trend is also Sideways while 10035 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range but the Price Closed unchanged and the High & Low were within the Range which signifies a Choppy session. The Price is within the MA's and the Oscillators are suggesting some Weakness. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break, 9980/10000 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.