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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 31 January 2011 05:41
USDCHF
USDCHF closed @ 9420 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 1. The Hourly Oscillators are Bearish but Weak and the Price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 9500 holds and Daily Trend is Sideways Down while 9615 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 which signifies a Range Trading until the break. The Price is mildly below 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 , 9465/9500 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: 9395 9335 9275 BEARS: 9465 9515 9575
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 5 pips from Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 10025 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 Bulls gave up mildly 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 with a potential to break lower ,9985/10025 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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USDCAD
USDCAD closed @ 10015 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Tgt 2 and the Low was 25 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 9935 holds and Daily Trend is also Sideways Up while 9835 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend was within the Prior few Day's Range but the Bulls gained aggressively towards the Close which signifies a Choppy session with some more strength. The Price is above the MA's and the Oscillators are suggesting some more strength. The Hourly Trend has been in a Range Trading and the Patterns are suggesting higher highs are expected, 9970-35 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.