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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 08 April 2011 07:25
USDCHF
USDCHF closed @ 9165 which was BELOW the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bearish and the Price is Mildly Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Limited Down while 9235 holds and Daily Trend is Turning Up while 8950 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. 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 below the MA's and the Oscillators are suggesting a downside bias. The Patterns are suggesting a Range trading with a downside bias. The 15min time frame, suggesting a choppy session with a potential to break lower, 9210-35 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are suggesting that CHF is strong against Four crosses so the Bulls may have to be Sidelined until 9210 is regained.
BULLS: 9135 9085 9025 BEARS: 9195 9245 9305
Today's Strategies: SHORT @ the Break 9125 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 10470 which was ABOVE the open and breached the previous day's high. The High was 15 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Limited Up while 10410 holds and Daily Trend is Sideways Up while 10240 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 Bulls gave up mildly 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 a mixed signals. The Patterns are suggesting a Range Trading with a potential to break higher but cautious approach is needed. The 15min time frame, suggests higher highs are expected,10420-10 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 @ 9585 which was BELOW 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 Bearish but Weak and the Price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Limited Down while 9630 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 . The Hourly time frame, the Price is below the MA's and the Oscillators are suggesting a downside bias. The Patterns are suggesting a Choppy session with a potential to break lower . The 15min time frame, suggesting a choppy session until the break , 9630-65 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.