Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 11 May 2011 05:40
USDCHF
USDCHF closed @ 8800 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Mildly Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 8745 holds and Daily Trend is Limited Down while 9015 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is mildly below the MA's , the Bulls gained towards the close. The Patterns are suggesting that the Bulls are in control . The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting an upside 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, 8755-45 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 and High-Low time does not give us clear signals.
BULLS: 8775 8730 8680 BEARS: 8835 8885 8925
Today's Strategies: LONG near 8775 8730 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 10835 which was ABOVE the open and breached the previous day's high. 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 Bullish but Weak and the Price is Mildly Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Limited Up while 10750 holds and Daily Trend is Turning Down while 11015 holds, so expect the Price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame ,the Price is mildly above the MA's , the Bulls gained towards the Close. The Patterns are suggesting that the Bears may gain soon. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting a weak upside bias. The Patterns are suggesting a Range trading until the break and Corrective Wave is in progress. The 15min time frame, suggesting a choppy session until the break,10785-50 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 and High-Low time does not give us good signals.
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 @ 9570 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 15 pips from Precise Trader's Sup Zone 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 9635 holds and Daily Trend is also Limited Down while 9830 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is within the MA's , the Bears gained towards the Close. The Patterns are suggesting the low may have e been seen but no confirmation yet. 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 but the downside may be limited , 9615-35 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 and High-Low time does not give us good signals.
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.