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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Thursday, 07 April 2011 05:19
USDCHF
USDCHF closed @ 9190 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish and the Price is Mildly Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 9280 holds and Daily Trend is Turning Up while 8950 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. The Patterns are suggesting a Range Trading until the break . The Hourly time frame, the Price is mildly below the MA's and the Oscillators are suggesting a downside bias. The Patterns are suggesting a Range trading until the break. The 15min time frame, suggesting a choppy session until the break, 9235-80 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: 9135 9075 9025 BEARS: 9220 9265 9305
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10440 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 10 pips from 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 10360 holds and Daily Trend is also Sideways Up while 10200 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily time frame ,the Price is well above the MA's , the Bulls gained towards the Close. The Patterns are suggesting that the Bulls are showing no signs of a reverse. The Hourly time frame, the Price is 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 but cautious approach is needed. The 15min time frame, suggests a Choppy session until the break,10390-60 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 @ 9605 which was BELOW the open and breached the previous day's low. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was 20 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Turning Bullish and the Price is Mildly Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Limited Down while 9670 holds and Daily Trend is Sideways Down while 9745 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is below the MA's , the Bears gave up mildly towards the Close. The Patterns are suggesting the Low is not seen yet we have to wait and see attitude. 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, suggesting a choppy session until the break , 9650-70 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.