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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Thursday, 10 March 2011 06:11
USDCHF
USDCHF closed @ 9295 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 PRECISELY at Precise Trader's Hrly Level. The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Limited Down while 9380 holds and Daily Trend is also Limited Down while 9475 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is mildly below the MA's , 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 within the MA's and the Oscillators are suggesting a downward pressure. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggests a Choppy session until the break, 9340-80 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: 9325 9385 9425
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10110 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 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bearish and the Price is Below the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 10145 holds and Daily Trend is Sideways while 9925 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily time frame ,the Price is within the MA's , the Price closed unchanged. 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, 10130-45 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles suggests that AUD is weak against most crosses so the Bulls may have to be Sidelined until the 10145 is regained.
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USDCAD
USDCAD closed @ 9685 which was BELOW the open and breached the previous day's low. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at 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 Limited Down while 9750 holds and Daily Trend is Sideways while 9835 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is below the MA's , the Bears gave up mildly 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 with a potential to Turn Up soon, 9730-50 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.