Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 19 April 2011 05:45
USDCHF
USDCHF closed @ 8965 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Hrly Level 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 Limited Down while 9045 holds and Daily Trend is also Limited Down while 9210 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 Bulls gained but gave up 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 but the downside may be limited. The 15min time frame, suggesting a choppy session until the break, 9010-45 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: 8900 8850 8800 BEARS: 9000 9050 9105
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10510 which was BELOW the open and was within prior day's trading range. The High was 20 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 and the Price is Mildly Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 10580 holds and Daily Trend is Limited Up while 10285 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily time frame ,the Price is well above 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 lower lows are expected. The Patterns are suggesting a range trading with a potential to break lower. The 15min time frame, suggesting a choppy session until the break,10540-80 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are suggesting that AUD is weak against most of the Crosses , so the Bulls may have to be Sidelined.
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 @ 9645 which was ABOVE the open and was within prior day's trading range. The High was 10 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 Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 9585 holds and Daily Trend is Limited Down while 9860 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily time frame ,the Price is within the MA's , the Bulls gained aggressively but gave up 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 an upside bias. The Patterns are suggesting a Choppy session until the break . The 15min time frame, suggesting a choppy session until the break , 9600-9585 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.