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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 05 April 2011 06:07
USDCHF
USDCHF closed @ 9230 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 MIXED and the Price is Mildly Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Turning Down while 9345 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 Bears gained mildly 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 mixed signals. The Patterns are suggesting a Range trading until the break. The 15min time frame, suggesting a choppy session until the break but the upside may be limited, 9275/9345 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: 9190 9125 9095 BEARS: 9285 9335 9385
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10365 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 and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Turning Down while 10425 holds and Daily Trend is Limited Up while 10160 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 Bears gained towards the Close. The Patterns are suggesting that the Bulls are approaching price target and are 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 a Choppy session with a potential to make lower lows,10395/10425 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles suggesting that AUD is Weak against four Crosses so the Bulls may have to be Sidelined until 10395 is regained.
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USDCAD
USDCAD closed @ 9670 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was 5 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 Turning Up while 9615 holds and Daily Trend is Limited Down while 9805 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 below the MA's , the Bulls gained towards the Close. The Patterns are suggesting there is a fifty percent chance that the low may have been seen. 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, suggesting that a break of 9700-15 is needed for the Bulls to gain control , 9635-15 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.