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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 01 March 2011 06:59
USDCHF
USDCHF closed @ 9290 which was UNCHANGED from 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 5 pips from 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 also Sideways while 9505 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range , the Price Closed unchanged towards the Close which signifies a Range trading. The Price is within 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 until the break , 9320-65 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: 9265 9200 9150 BEARS: 9345 9420 9465
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10185 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 20 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 10110 holds and Daily Trend is also Sideways while 9965 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 mixed signals. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a choppy session until the break ,10135-10 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 @ 9715 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 20 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish but Oversold and the Price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Limited Down while 9810 holds and Daily Trend is Sideways Down while 9885 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. The Daily Trend breached the Prior Day's Low, the Bears were holding till the Close which signifies some weakness but may be limited. The Price is below the MA's and the Oscillators are suggesting some weakness but may be limited. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session with a limited downside, 9760/9810 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.