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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 20 May 2011 06:44
USDCHF
USDCHF closed @ 8805 which was UNCHANGED from the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Tgt 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 8765 holds and Daily Trend is Limited Down while 9110 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is mildly below the MA's , the Price closed unchanged 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 weak upside bias. The Patterns are suggesting a Range trading until the break. The 15min time frame, suggesting a Range trading until the break, 8760-15 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: 8785 8705 8645 BEARS: 8845 8875 8945
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10670 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 PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Mildly Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10580 holds and Daily Trend is Turning Down while 11015 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is within the MA's , the Bulls gained towards the Close. The Patterns are suggesting a Range trading until the break. The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting a mixed bias. The Patterns are suggesting a choppy session until the break, Corrective Wave is in progress. The 15min time frame, suggesting a choppy session until the break,10620/10580 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDCAD
USDCAD closed @ 9675 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 PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 9730 holds and Daily Trend is Limited Down while 9835 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is within the MA's , the Bears gained towards the Close. The Patterns are suggesting that the High may be seen soon. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting a mixed bias. The Patterns are suggesting lower lows are expected but Cautious approach is needed . The 15min time frame, suggesting a choppy session , 9705-30 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.