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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 28 February 2011 07:22
USDCHF
USDCHF closed @ 9280 which was ABOVE the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Zone 1 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 while 9365 holds and Daily Trend is Sideways Down while 9465 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 which signifies a Range trading. The Price is mildly below the MA's and the Oscillators are suggesting a limited upside. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session with a potential to break lower , 9310-65 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: 9210 9160 9110 BEARS: 9325 9375 9425
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10175 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was 20 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 10060 holds and Daily Trend is also Sideways while 9930 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend breached the Prior Day's high but the Bulls were holding till the Close which signifies some strength but the bulls are facing stiff resistance . The Price is mildly above the MA's and the Oscillators are suggesting limited Upside Bias. The Hourly Trend has been in a Range Trading and the Patterns are suggesting that we may see a correction down ,10125/10060 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 @ 9780 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 15 pips from Precise Trader's Sup Zone 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 9855 holds and Daily Trend is Sideways Down while 10035 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend breached the Prior Day's Low, the Bears were holding till the Close which signifies a Range Trading with some weakness. 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, 9825-55 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.