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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 08 March 2011 06:22
USDCHF
USDCHF closed @ 9265 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 15 pips from 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 9330 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 mildly towards the Close. The Patterns are suggesting a Range Trading until the break. 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 a Choppy session until the break, 9310-30 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: 9240 9200 9155 BEARS: 9325 9365 9405
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10120 which was BELOW the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was 15 pips from 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 10190 holds and Daily Trend is also Sideways while 9925 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 Price closed unchanged towards the Close. The Patterns are suggesting a Range Trading until the break. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting some weakness. The Patterns are suggesting a Choppy session until the break. The 15min time frame, suggests a Choppy session until the break, 10170-90 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 @ 9735 which was UNCHANGED from the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bullish and the Price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways while 9795 holds and Daily Trend is also Sideways while 9865 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is below the MA's , the Price closed unchanged towards the Close and was within Range Trading. The Patterns are suggesting a choppy session until the break. 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 until the break, 9780/9805 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.