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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 04 March 2011 07:04
USDCHF
USDCHF closed @ 9315 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 Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 9205 holds and Daily Trend is also Sideways while 9475 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is below the MA's , it was in a Range Trading but the Bulls gained towards the Close. The Patterns are suggesting that the Low is not seen yet but it is trading at critical levels. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting an upside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggests a Choppy session with a potential to reverse soon., 9270-05 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: 9265 9190 9130 BEARS: 9365 9405 9465
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10145 which was BELOW the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bearish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 10205 holds and Daily Trend is also Sideways while 9965 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is mildly above the MA's , it was in a Range Trading but the Bears gained towards the Close. The Patterns are suggesting a mixed signals and it is trading in critical levels. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting a Limited Downside bias. The Patterns are suggesting that the break of 10205 is needed for the bulls to gain control. The 15min time frame, suggests a Choppy session until the break, 10195/10205 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 @ 9720 which was BELOW 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 10 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 Turning Up while 9645 holds and Daily Trend is Limited Down while 9895 holds, so expect the Price to Turn Up Soon, so the Bears may stay Sidelined and the Bulls get ready to pull the Trigger. The Daily time frame ,the Price is below the MA's , the Bears gained mildly towards the Close. The Patterns are suggesting that the Price is trading at critical levels. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting mixed signals. The Patterns are suggesting a Choppy session until the break . The 15min time frame, suggests that a limited downside bias but there is no confirmation of a reverse, 9765-85 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.