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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 20 April 2011 06:47
USDCHF
USDCHF closed @ 9000 which was ABOVE 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 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bearish and the Price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Limited Down while 9110 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 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 downside bias. The Patterns are suggesting a Range trading until the break. The 15min time frame, suggesting a choppy session until the break, 9045/9110 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: 8960 8900 8850 BEARS: 9015 9065 9105
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10525 which was ABOVE 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 Tgt 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 10480 holds and Daily Trend is Limited Up while 10285 holds, so expect the Price to be Choppy with a potential to Break Higher. 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 above the MA's and the Oscillators are suggesting higher highs are expected are expected. The Patterns are suggesting a range trading with a potential to break higher. The 15min time frame, suggesting a choppy session with a potential to break higher,10480-60 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are suggesting that AUD is strong against most of the Crosses , so the Bears may have to be Sidelined.
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USDCAD
USDCAD closed @ 9565 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 and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 9615 holds and Daily Trend is Limited Down while 9860 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily time frame ,the Price is below the MA's , the Bears gained aggressively towards the close. The Patterns are suggesting a range trading until the break. The Hourly time frame, the Price is below the MA's and the Oscillators are suggesting a downside bias. The Patterns are suggesting a Choppy session until the break of 9525 level . The 15min time frame, suggesting a choppy session until the break , 9595/9615 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.