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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 25 May 2011 06:26
USDCHF
USDCHF closed @ 8800 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Tgt 1 and the Low was 5 pips from 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 8880 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 within the MA's , the Bears gained 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 Range trading until the break, 8845-80 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: 8760 8700 8650 BEARS: 8835 8875 8925
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10560 which was ABOVE the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Tgt 2 and the Low was PRECISELY at 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 Sideways Down while 10630 holds and Daily Trend is Turning Down while 11015 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily time frame ,the Price is within the MA's , the Bulls gained towards the Close but was within range. The Patterns are suggesting that the Bears have one more leg down. The Hourly time frame, the Price is below the MA's and the Oscillators are suggesting a downside bias. The Patterns are suggesting the break of 10470 convincingly is needed for the Bears. The 15min time frame, suggesting a choppy session until the break of 10470,10610-30 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are suggesting that AUD is Weak against six crosses and High-Low time suggests the same message so the Bulls may have to be Sidelined until 10610-30 is regained..
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USDCAD
USDCAD closed @ 9770 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 Zone 1. The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 9725 holds and Daily Trend is Turning Up while 9445 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 mildly towards the Close but was within range. 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 choppy session until the break , 9725-00 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 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.