Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 13 April 2011 06:13
USDCHF
USDCHF closed @ 8970 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 5 pips from Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish but Oversold and the Price is Mildly Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Limited Down while 9075 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 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, 9015-75 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: 8945 8900 8850 BEARS: 9025 9075 9125
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10435 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 10525 holds and Daily Trend is Limited Up while 10285 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is well above the MA's , the Bears gave up mildly towards the Close. The Patterns are suggesting that the Bulls are showing signs of weakness. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting a weak downside bias. The Patterns are suggesting a range trading until the break. The 15min time frame, suggesting a choppy session until the break,10485/10525 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.
USDCAD
USDCAD closed @ 9630 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was 15 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Mildly Above the MA, so the Bears have to be Sidelined. Hourly Trend is Turning Up while 9525 holds and Daily Trend is Limited Down while 9875 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 gave e up mildly towards the Close. The Patterns are suggesting that the Bulls are showing signs of strength . 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 Choppy session until the break . The 15min time frame, suggesting that the break of 9660-75 is needed for the Bulls to gain control , 9575-25 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 & 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.