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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 15 April 2011 06:52
USDCHF
USDCHF closed @ 8925 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 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 9010 holds and Daily Trend is also Limited Down while 9115 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 but the downside may be limited. The 15min time frame, suggesting a choppy session until the break, 8970/9010 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: 8875 8835 8795 BEARS: 8965 9025 9065
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10545 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10425 holds and Daily Trend is Limited Up while 10270 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 gained mildly towards the Close. The Patterns are suggesting a range trading until the break. 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,10495-25 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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USDCAD
USDCAD closed @ 9610 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at 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 Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 9560 holds and Daily Trend is Limited Down while 9785 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 that the Bulls are showing signs of strength . The Hourly time frame, the Price is within 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 that the break of 9660-75 is needed for the Bulls to gain control , 9565-25 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.