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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 29 March 2011 06:22
USDCHF
USDCHF closed @ 9165 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 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 Limited Down while 9235 holds and Daily Trend is Turning Up while 8950 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is within the MA's , the Bears gained mildly towards the close. The Patterns are suggesting that Bears are trying to reverse the direction but they may not succeed . The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting a limited downside. The Patterns are suggesting a choppy session until the break but we may see a turn up soon. The 15min time frame, suggests a Choppy session until the break, 9210-35 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: 9145 9090 9050 BEARS: 9205 9235 9285
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10245 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 PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bearish and the Price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Turning Down while 10315 holds and Daily Trend is Sideways Up while 10000 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 is well above the MA's , the Bulls gave up all their gains towards the close and is trading at critical levels. The Patterns are suggesting that the Bulls are facing stiff resistance. The Hourly time frame, the Price is within 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,10295/10315 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 @ 9780 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Hrly Level. The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 9725 holds and Daily Trend is also Sideways 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 gave up mildly 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 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 , 9735-25 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.