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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 25 March 2011 07:10
USDCHF
USDCHF closed @ 9085 which was UNCHANGED from 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 5 pips from 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 Sideways while 8960 holds and Daily Trend is Turning Up while 8850 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is well below the MA's , the Price Closed unchanged. 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 mixed signals. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggests a Choppy session until the break, 9040-05 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: 9030 8995 8950 BEARS: 9130 9185 9235
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10210 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are showing Bearish Divergence and the Price is Mildly Above the MA, so Bulls book your profit or remain Sidelined. Hourly Trend is Turning Down while 10260 holds and Daily Trend is Turning Up while 9975 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 above the MA's , the Bulls were holding till the close but trading at critical levels. 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 with a potential to break lower,10240-60 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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USDCAD
USDCAD closed @ 9755 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 5 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the Price is Mildly Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 9840 holds and Daily Trend is Sideways Up while 9665 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is within the MA's , the Bears gained towards the Close. The Patterns are suggesting a temporary low may have been seen but expect 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 Choppy session until the break . The 15min time frame, suggests a choppy session with a limited downside , 9800-40 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.