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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Thursday, 31 March 2011 06:18
USDCHF
USDCHF closed @ 9185 which was BELOW the open and was within prior day's trading range. The High was 25 pips from 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 9275 holds and Daily Trend is Turning Up while 8950 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 within the MA's , the Bulls gave up all their gains towards the close. The Patterns are suggesting that the Bulls beginning to weaken . The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting a downside bias. The Patterns are suggesting a Range trading with a potential to break lower. The 15min time frame, suggests that the break of 9155-40 is needed for the Bears, 9215-75 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: 9155 9095 9050 BEARS: 9225 9265 9325
Today's Strategies: SHORT near 9225 9265 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 10330 which was ABOVE the open and breached the previous day's high. 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 Limited Up while 10260 holds and Daily Trend is Sideways while 10090 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 Price closed unchanged. 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,10280-60 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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USDCAD
USDCAD closed @ 9710 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 Tgt 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 Limited Down while 9775 holds and Daily Trend is Sideways while 9665 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is mildly below the MA's , the Price closed unchanged and 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 , 9775/9810 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.