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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 28 January 2011 07:07
USDCHF
USDCHF closed @ 9455 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 9565 holds and Daily Trend is Sideways Down while 9650 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range , the Bulls gained mildly towards the Close and the High & Low were lower within the prior two day's which signifies a Range Trading. The Price is within the MA's and the Oscillators are suggesting mixed signals. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the break , 9500-65 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: 9425 9385 9325 BEARS: 9495 9545 9605
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9920 which was BELOW the open and breached the previous day's low. The High was 15 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 while 10000 holds and Daily Trend is also Sideways while 10120 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 gained towards the Close which signifies a Range Trading with some Weakness . The Price is mildly below the MA's 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 ,9965/10000 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.
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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 5 pips from Precise Trader's Res Tgt 1 and the Low was 15 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. 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 and the Price Closed unchanged which signifies a Choppy session until the break. The Price is within the MA's and the Oscillators are suggesting mixed signals. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break, 9905/9890 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.