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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 01 April 2011 07:07
USDCHF
USDCHF closed @ 9190 which was UNCHANGED from 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 Sup Tgt 1. The Hourly Oscillators are Turning Bullish and the Price is Mildly Above the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Turning Up while 9130 holds and Daily Trend is also Turning Up while 8950 holds, so expect the Price to Turn Up Soon, so the Bears may stay Sidelined and the Bulls get ready to pull the Trigger. The Daily time frame ,the Price is within the MA's , the Bears gave up all their gains towards the close. The Patterns are suggesting a Range Trading until the break . The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting an upside bias. The Patterns are suggesting a Range trading with a potential to break higher. The 15min time frame, suggests higher highs are expected, 9145-30 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: 9140 9085 9035 BEARS: 9245 9275 9345
Today's Strategies: LONG near 9180 9140 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 10330 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 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 10395 holds and Daily Trend is Sideways while 10135 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 Price closed unchanged. The Patterns are suggesting that the Bulls are facing stiff resistance we can expect reversal soon. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting a downside bias. The Patterns are suggesting that the price is trading at critical levels , we can expect a reversal soon. The 15min time frame, suggests a Choppy session with a potential to break lower,10380-95 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.
USDCAD
USDCAD closed @ 9705 which was UNCHANGED from the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Mildly Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 9775 holds and Daily Trend is also Sideways while 9885 holds, so expect the Price to be Choppy until the Breakout. 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 mixed signals. The Patterns are suggesting a Choppy session until the break . The 15min time frame, suggests a choppy session until the break , 9750-75 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 & 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.