Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 16 March 2011 05:32
USDCHF
USDCHF closed @ 9165 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. 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 9265 holds and Daily Trend is Sideways Down while 9365 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 were holding till the Close. The Patterns are suggesting lower lows are expected but may be limited. The Hourly time frame, the Price is mildly below the MA's and the Oscillators are suggesting limited downside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggests a Choppy session with a potential to bottom soon, 9210-65 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: 9140 9095 9045 BEARS: 9205 9245 9285
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 9910 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 5 pips from Precise Trader's Sup Zone 10. The Hourly Oscillators are Bearish but Weak and the Price is Mildly Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways Down while 10000 holds and Daily Trend is also Sideways Down while 10235 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily time frame ,the Price below the MA's , the Bears gained aggressively but gave up partially towards the close. The Patterns are suggesting lower lows are expected. The Hourly time frame, the Price is mildly below the MA's and the Oscillators are suggesting a limited downside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggests a Choppy session until the break, 9975/10000 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.
USDCAD
USDCAD closed @ 9855 which was ABOVE the open and breached the previous day's high. The High was 30 pips from Precise Trader's Critical Res and the Low was 25 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Mildly Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways Up while 9765 holds and Daily Trend is Turning Up while 9665 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily time frame ,the Price is within the MA's , the Bulls gained aggressively but gave up partially towards the Close. The Patterns are suggesting a temporary low may have been seen. The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting some more strength. The Patterns are suggesting a Choppy session until the break . The 15min time frame, suggests a Choppy session until the break, 9810/9765 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 & 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.