Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 28 March 2011 05:46
USDCHF
USDCHF closed @ 9200 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 15 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Overbought and the Price is Mildly Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Limited Up while 9115 holds and Daily Trend is Turning Up while 8980 holds, so expect the Price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame ,the Price is within the MA's , the Bulls gained aggressively towards the close. The Patterns are suggesting that Bulls are trying to reverse the direction but we may get a pullback soon . The Hourly time frame, the Price is well above the MA's and the Oscillators are suggesting a limited upside. The Patterns are suggesting a choppy session until the break but we may see a pullback soon. The 15min time frame, suggests a Choppy session until the break, 9155-15 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: 9165 9120 9075 BEARS: 9235 9275 9325
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10260 which was ABOVE the open and breached the previous day's high. The High was 30 pips from Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bearish and the Price is Mildly Above the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Limited Up while 10180 holds and Daily Trend is Sideways Up while 10000 holds, so expect the Price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame ,the Price is well above the MA's , the Bulls gave up mildly towards the close but it is trading at critical levels. The Patterns are suggesting that the Bulls are facing 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,10210/10180 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 @ 9810 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Hrly Level and the Low was 10 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 Sideways while 9725 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 Bulls gained towards the Close but was within Range trading. The Patterns are suggesting a temporary low may have been seen but expect the break to happen soon. 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 potential to break higher , 9765-25 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.