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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 13 June 2011 06:41
USDCHF
USDCHF closed @ 8430 which was ABOVE 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 Bullish but Weak and the Price is Mildly Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 8370 holds and Daily Trend is Limited Down while 8695 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is below the MA's and pointing down , the Bulls gained towards the close but was within range . The Patterns are suggesting a range trading with a potential to break higher. The Hourly time frame, the Price is mildly above the MA's and pointing horizontal , the Oscillators are suggesting an upside bias. The Patterns are suggesting a range trading with a potential break higher . The 15min time frame, suggesting higher highs are expected, 8385-70 are the Critical levels to watch to maintain the Bullish Outlook. The Low for today may be limited to 8390-45 levels 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: 8395 8345 8320 BEARS: 8465 8505 8545
Today's Strategies: LONG @ the 2nd time Breakout 8465
AUDUSD
AUDUSD closed @ 10540 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish but Weak and the Price is Mildly Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Limited Down while 10655 holds and Daily Trend is Sideways while 10220 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 aggressively towards the Close. The Patterns are suggesting that the Bears are approaching stiff support. The Hourly time frame, the Price is mildly below the MA's and pointing horizontal, the Oscillators are suggesting a limited downside bias. The Patterns are suggesting a range trading until the break. The 15min time frame, suggesting a choppy session until the break,10590/10655 are the Critical levels to watch to maintain the Bearish Outlook The High for today may be limited to 10565-85 levels. 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 @ 9800 which was ABOVE the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Hrly Level and the Low was 5 pips from 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 9715 holds and Daily Trend is also Sideways 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 within the MA's and pointing horizontal , 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, 9755-15 are the Critical levels to watch to maintain the Bullish Outlook. The High & Low for the day should be within the range until the break 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.