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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Thursday, 14 April 2011 06:06
USDCHF
USDCHF closed @ 8965 which was UNCHANGED from 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 5 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 Limited Down while 9025 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 gave up mildly 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 mixed signals. The Patterns are suggesting a Range trading until the break. The 15min time frame, suggesting a choppy session until the break, 9010-25 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.
BULLS: 8925 8865 8805 BEARS: 8985 9025 9065
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10505 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 20 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10540 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 Bulls 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 mixed signals. The Patterns are suggesting a range trading until the break. The 15min time frame, suggesting a choppy session until the break,10525-55 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.
USDCAD
USDCAD closed @ 9625 which was UNCHANGED from 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 10 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 Sideways while 9560 holds and Daily Trend is Limited Down while 9825 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is below the MA's , the price Closed unchanged. 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 a weak 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 , 9580-25 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.