Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Thursday, 09 June 2011 06:51
USDCHF
USDCHF closed @ 8360 which was UNCHANGED from 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 5 pips from 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 Limited Down while 8475 holds and Daily Trend is also Limited Down while 8680 holds, so expect the Price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is well below the MA's and pointing down , the price closed unchanged towards the close but approaching price target . 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 mixed signals. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session until the break, 8405-75 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: 8325 8275 8225 BEARS: 8395 8445 8505
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10625 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). 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 10750 holds and Daily Trend is Sideways while 10230 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 but horizontal , the Bears 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 below the MA's and pointing lower, the Oscillators are suggesting a downside bias. The Patterns are suggesting lower lows are expected but cautious approach is needed. The 15min time frame, suggesting a choppy session with a limited downside bias,10675/10750 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are suggesting that AUD is weak against most crosses , so the Bulls may have to be Sidelined and High-Low time does not give us a 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 @ 9795 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 20 pips from 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 9700 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 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 mildly above the MA's and horizontal , the Oscillators are suggesting mixed signals. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session until the break, 9730-00 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.