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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 11 March 2011 07:11
USDCHF
USDCHF closed @ 9320 which was ABOVE the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Hrly Level and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bearish and the Price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 9380 holds and Daily Trend is Limited Down while 9475 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is mildly below the MA's , the Bulls 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 some downward pressure. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggests a Choppy session until the break, 9350-80 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: 9275 9245 9200 BEARS: 9360 9400 9465
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10010 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish but Oversold and the Price is Mildly Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Limited Down while 10080 holds and Daily Trend is Sideways while 9905 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is within the MA's , the Bears gained aggressively towards the close. The Patterns are suggesting we may see a pullback soon. The Hourly time frame, the Price is mildly below the MA's and the Oscillators are suggesting a limited downside pressure. The Patterns are suggesting a Choppy session until the break. The 15min time frame, suggests a Choppy session until the break, 10055-80 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles suggests are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels.
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USDCAD
USDCAD closed @ 9755 which was ABOVE the open and breached the previous day's high. The High was 10 pips from 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 Turning Up while 9660 holds and Daily Trend is Sideways while 9835 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 Bulls gained aggressively towards the Close but was within Range Trading. The Patterns are suggesting a choppy session until the break. The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting some strength. 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, 9710/9660 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.