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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 01 February 2011 06:02
USDCHF
USDCHF closed @ 9440 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 9500 holds and Daily Trend is Sideways Down while 9585 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend breached the Prior Day's low but the Bulls gained towards the Close which signifies a Range Trading 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 , 9485/9500 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: 9400 9360 9300 BEARS: 9450 9505 9560
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9975 which was ABOVE 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 20 pips from Precise Trader's Sup Tgt 2. 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 Sideways while 10200 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 towards the Close which signifies a Range Trading with some strength . The Price is above the MA's and the Oscillators are suggesting strength. The Hourly Trend is in a Range Trading and the Patterns are suggesting a Choppy session with a potential to break higher ,9930-10 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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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDCAD
USDCAD closed @ 10010 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 Tgt 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 9925 holds and Daily Trend is also Sideways while 9835 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior few Day's Range but the Price Closed unchanged which signifies a Choppy session with some weakness. 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, 9965-25 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.