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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 30 March 2011 06:08
USDCHF
USDCHF closed @ 9200 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 PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 9175 holds and Daily Trend is Turning Up while 8950 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 gave mildly towards the close. The Patterns are suggesting that the Bulls are still in control . The Hourly time frame, the Price is above the MA's and the Oscillators are suggesting an upside bias. The Patterns are suggesting the break of 9245 is critical for the Bulls. The 15min time frame, suggests that the break of 9245 may push the price higher, 9175-55 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: 9195 9150 9100 BEARS: 9245 9285 9325
Today's Strategies: LONG near 9200 9150 with a tight stop with a 50-80 pips price target.
AUDUSD
AUDUSD closed @ 10290 which was ABOVE 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 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 Sideways while 10200 holds and Daily Trend is also Sideways while 10090 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is well above the MA's , the Bulls gained towards the close and is trading at critical levels. The Patterns are suggesting that the Bulls are facing stiff resistance , so expect a range trading. The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting that the upside may be limited. The Patterns are suggesting that the price is trading at critical levels and the breakout can happen on either direction. The 15min time frame, suggests a Choppy session with a potential to break either direction,10240-00 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.
USDCAD
USDCAD closed @ 9745 which was BELOW the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Zone 1. 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 while 9810 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 gained towards the Close but was within Range trading. The Patterns are suggesting a choppy session until the break. 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 , 9790/9810 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.