Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 22 March 2011 06:09
USDCHF
USDCHF closed @ 9045 which was ABOVE the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Tgt 2 and the Low was 25 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 Turning Up while 8905 holds and Daily Trend is also Turning Up while 8850 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 well below the MA's , the Bulls gave up mildly towards the Close. The Patterns are suggesting the low may have been seen but expect in a range trading until the breakout . The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting that the Bulls are still weak. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggests a Choppy session until the break, 9000/8950 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: 8995 8930 8850 BEARS: 9095 9140 9185
Today's Strategies: LONG near 8995 8930 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 10065 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Tgt 2 and the Low was 5 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 Turning Down while 10215 holds and Daily Trend is Turning Up while 9780 holds, so expect the Price to Turn Down Soon, so the Bulls may stay Sidelined and the Bears get ready to pull the Trigger. The Daily time frame ,the Price within the MA's , the Bulls gained aggressively towards the close. The Patterns are suggesting that the Bulls are approaching stiff resistance. The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting a limited upside bias. The Patterns are suggesting a choppy session with a potential to reverse down soon. The 15min time frame, suggests a Choppy session until the break,10005/9990 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.
USDCAD
USDCAD closed @ 9780 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 10 pips from Precise Trader's Sup Zone 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 Turning Up while 9705 holds and Daily Trend is Sideways Up while 9665 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 within the MA's , the Bears gave up mildly towards the Close. The Patterns are suggesting a temporary low may have been seen. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting the downside may be limited. The Patterns are suggesting a Choppy session until the break . The 15min time frame, suggests some weakness but may be limited , 9735-05 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.