Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Thursday, 21 April 2011 06:53
USDCHF
USDCHF closed @ 8880 which was BELOW the open and breached the previous day's low. The High was 10 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 Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Limited Down while 8955 holds and Daily Trend is also Limited Down while 9085 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 that the Bears may weaken soon . The Hourly time frame, the Price is below 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 and the downside may be limited, 8925-55 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.
BULLS: 8815 8785 8745 BEARS: 8915 8965 9015
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10715 which was ABOVE the open and breached the previous day's high. The High was 15 pips from Precise Trader's Critical Res and the Low was 20 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Limited Up while 10650 holds and Daily Trend is also Limited Up while 10425 holds, so expect the Price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame ,the Price is well above the MA's , the Bulls gained aggressively towards the Close. The Patterns are suggesting that the Bulls may weaken soon. The Hourly time frame, the Price is above the MA's and the Oscillators are suggesting an upside bias. The Patterns are suggesting a range trading with a potential to break higher but cautious approach is needed. The 15min time frame, suggesting a choppy session with a potential to have a pullback lower,10665-50 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are suggesting that AUD is strong against two Crosses only, so the Bulls may have to be cautious.
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 @ 9525 which was BELOW the open and breached the previous day's low. The High was 25 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 Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Limited Down while 9595 holds and Daily Trend is also Limited Down while 9715 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 a range trading until the break. The Hourly time frame, the Price is below the MA's and the Oscillators are suggesting a limited downside bias. The Patterns are suggesting lower lows are expected but cautious approach is needed . The 15min time frame, suggesting a choppy session and we may see a pullback higher , 9570-95 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are suggesting that CAD is strong against three crosses so the Bears may have to be cautious.
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.