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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 09 March 2011 07:04
USDCHF
USDCHF closed @ 9350 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 Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 9265 holds and Daily Trend is Limited Down while 9475 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily time frame ,the Price is below the MA's , the Bulls gained aggressively towards the Close. The Patterns are suggesting higher highs are expected. The Hourly time frame, the Price is above the MA's and the Oscillators are suggesting an upward pressure. The Patterns are suggesting a make or break levels so Cautious approach is needed. The 15min time frame, suggests a Choppy session until the break, 9305/9265 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: 9305 9265 9205 BEARS: 9365 9425 9485
Today's Strategies: LONG @ the Break 9385 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 10100 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 10150 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 within the MA's , it was in a Range Trading but the Bears gave up mildly towards the Close. The Patterns are suggesting a Range Trading until the break. The Hourly time frame, the Price is mildly below the MA's and the Oscillators are suggesting some weakness. The Patterns are suggesting a Choppy session with a potential to creep lower. The 15min time frame, suggests a Choppy session until the break, 10130-50 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 @ 9715 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at 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 9775 holds and Daily Trend is also Sideways while 9895 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 a mixed signals. The Patterns are suggesting a Choppy session until the break . The 15min time frame, suggests a Choppy session until the break, 9760-75 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.