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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 25 April 2011 06:07
USDCHF
USDCHF closed @ 8865 which was UNCHANGED from the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 8800 holds and Daily Trend is Limited Down while 9165 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 Bears may weaken soon . The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting a weak upside bias until the break. The Patterns are suggesting a Range trading until the break. The 15min time frame, suggesting a choppy session until the break , 8820-00 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: 8815 8785 8745 BEARS: 8905 8965 9015
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10735 which was BELOW the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Turning Down while 10785 holds and Daily Trend is Limited Up while 10390 holds, so expect the Price to Turn Down Soon, so the Bulls may stay Sidelined and the Bears get ready to pull the Trigger. The Daily time frame ,the Price is well above the MA's , the Bears gained mildly towards the Close. The Patterns are suggesting that the Bulls may weaken soon. 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 with a potential to break lower. The 15min time frame, suggesting a choppy session with a potential to break lower,10775-85 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 @ 9545 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 15 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 9455 holds and Daily Trend is Limited Down while 9725 holds, so expect the Price to be Choppy until the Breakout. 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 mixed signals. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session until the break , 9500/9455 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.