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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 03 June 2011 07:24
USDCHF
USDCHF closed @ 8425 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 PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Mildly Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 8515 holds and Daily Trend is Limited Down while 8895 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is well below the MA's and pointing down , the Price closed unchanged towards the close but was within range . The Patterns are suggesting lower lows are expected but Cautious approach is needed. The Hourly time frame, the Price is mildly below the MA's and pointing down , 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, 8470/8515 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 gives us good signals.
BULLS: 8385 8325 8245 BEARS: 8465 8515 8565
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 20 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at 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 10585 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 but horizontal , the Bulls gained 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 horizontal, the Oscillators are suggesting a weak upside bias. The Patterns are suggesting a range trading. The 15min time frame, suggesting a choppy session until the break,10620/10585 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 gives 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 @ 9760 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at 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 9675 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 but horizontal, the Bears gained mildly towards the Close but was within range. The Patterns are suggesting the Bulls may try to crack the resistance. The Hourly time frame, the Price is within the MA's and horizontal , the Oscillators are suggesting a mixed signals. The Patterns are suggesting a range trading until the break but need to crack the 9805-35 levels. The 15min time frame, suggesting a choppy session until the break, 9715/9675 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.