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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 14 March 2011 05:39
USDCHF
USDCHF closed @ 9295 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 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 9350 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 mildly below the MA's , the Bears 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 some downward pressure. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggests a Choppy session until the break, 9340-50 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.
BULLS: 9250 9195 9145 BEARS: 9325 9365 9405
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10140 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Tgt 3 and the Low was 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 10040 holds and Daily Trend is also Sideways while 9905 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is within the MA's , the Bulls gained aggressively 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 an Upside bias. The Patterns are suggesting a limited downside bias. The 15min time frame, suggests a Choppy session with a potential to turn up soon, 10065-40 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles suggests 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.
USDCAD
USDCAD closed @ 9730 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 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 9785 holds and Daily Trend is also Sideways while 9875 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is mildly below the MA's , the Bears gained 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 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, 9775-85 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.