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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 10 June 2011 07:02
USDCHF
USDCHF closed @ 8415 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was 15 pips from Precise Trader's Sup Zone 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 Turning Up while 8330 holds and Daily Trend is Limited Down while 8680 holds, so expect the Price to Turn Up Soon, so the Bears may stay Sidelined and the Bulls get ready to pull the Trigger. The Daily time frame ,the Price is well below the MA's and pointing down , the Bulls gained towards the close but gave up mildly . 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 an upside bias. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a limited downside bias, 8370-30 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.
BULLS: 8370 8330 8285 BEARS: 8465 8515 8545
Today's Strategies: LONG near 8370 8330 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 10625 which was UNCHANGED from the open and was within prior day's trading range. The High was 5 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 Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 10755 holds and Daily Trend is also Sideways while 10230 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 Price closed unchanged 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 pointing horizontal, 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 with a limited downside bias,10675/10755 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 & 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 @ 9730 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 20 pips from Precise Trader's Hrly Level. The Hourly Oscillators are Bearish and the Price is Mildly Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 9825 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 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 below the MA's and horizontal , 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, 9775/9825 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.
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