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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 26 January 2011 06:57
USDCHF
USDCHF closed @ 9425 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Turning Up while 9305 holds and Daily Trend is Sideways Down while 9785 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 breached 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 until the break , 9470/9520 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: 9390 9330 9260 BEARS: 9465 9500 9535
Today's Strategies: SHORT near 9465 9500 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 9965 which was BELOW the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 9865 holds and Daily Trend is also Sideways while 10160 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior few Day's Range but the Bears gave up most of their gains towards the Close which signifies a Range Trading with some strength . 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 break higher,9920/9865 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 @ 9965 which was ABOVE the open and was within prior day's trading range. 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 Sideways while 9905 holds and Daily Trend is also Sideways while 10105 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior few Day's Range but the Bulls gained mildly which signifies a Choppy session with some strength. The Price is mildly above the MA's and the Oscillators are suggesting some strength. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break, 9920-05 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 & 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.