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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 11 April 2011 06:08
USDCHF
USDCHF closed @ 9065 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 5 pips from Precise Trader's Sup Tgt 2. 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 9145 holds and Daily Trend is Turning Up while 8850 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 Bears gained aggressively towards the close. The Patterns are suggesting the downside may be limited . 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 Range trading until the break. The 15min time frame, suggesting a choppy session until the break, 9110-45 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: 9025 8980 8925 BEARS: 9135 9185 9245
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10565 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Mildly Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Limited Up while 10480 holds and Daily Trend is Sideways Up while 10300 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 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 mildly above the MA's and the Oscillators are suggesting a limited upside bias. The Patterns are suggesting a Range Trading until the break. The 15min time frame, suggesting a choppy session with a limited upside bias,10515-10480 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 @ 9555 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 25 pips from 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 9625 holds and Daily Trend is Sideways Down while 9695 holds, so expect the Price to be Choppy until the Breakout. 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 mildly below the MA's and the Oscillators are suggesting a mixed signals. The Patterns are suggesting a Choppy session until the break . The 15min time frame, suggesting a choppy session until the break , 9600-25 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.