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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 27 April 2011 06:53
USDCHF
USDCHF closed @ 8755 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 15 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 8825 holds and Daily Trend is also Limited Down while 9005 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 towards the close. The Patterns are suggesting that the Bears are still in control . 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 , 8800-25 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: 8660 8610 8560 BEARS: 8765 8810 8865
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10785 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Hrly Level and the Low was PRECISELY at 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 10745 holds and Daily Trend is Limited Up while 10565 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 towards the Close. The Patterns are suggesting that the Bulls are still holding strong and no signs of weakening. The Hourly time frame, the Price is above the MA's and the Oscillators are suggesting an upside bias. The Patterns are suggesting that higher highs are expected. The 15min time frame, suggesting a choppy session until the break,10745-35 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are suggesting that AUD is strong against six crosses so the Bears may have to be sidelined until 10735 is regained.
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USDCAD
USDCAD closed @ 9515 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 9565 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 Bears 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 , 9545-65 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.