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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 15 June 2011 05:58
USDCHF
USDCHF closed @ 8455 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 8385 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 aggressively towards the close but was within range which signifies a range trading during Asian session . The Patterns are suggesting a range trading until the break. The Hourly time frame, the Price is above the MA's and pointing up , the Oscillators are suggesting an upside bias. The Patterns are suggesting a range trading with a potential break higher . The 15min time frame, suggesting a choppy session with a potential to break higher, 8410/8385 are the Critical levels to watch to maintain the Bullish Outlook. The Low for today may be limited to 8400 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: 8400 8350 8320 BEARS: 8495 8525 8565
Today's Strategies: LONG @ the Break 8475 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 10685 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Zone 5 (U Turn Zone) 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 Turning Down while 10815 holds and Daily Trend is Sideways while 10220 holds, so expect the Price to Turn Down Soon, so the Bulls may stay Sidelined and the Bears get ready to pull the Trigger. The Daily time frame ,the Price is within the MA's but horizontal , the Bulls gained but gave up mildly towards the Close which signifies mild weakness or a range trading during Asian session. The Patterns are suggesting a Range trading. The Hourly time frame, the Price is mildly above 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 the upside may be limited ,10635/10575 are the Critical levels to watch to maintain the Bullish Outlook The High & Low for today may be limited within Range. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels and High-Low time is suggesting that the Low for the Day may have been seen.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDCAD
USDCAD closed @ 9680 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 9755 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 Bears gained aggressively towards the Close but was within range which signifies a range trading during Asian session. The Patterns are suggesting a range trading until the break. The Hourly time frame, the Price is below the MA's and pointing down , the Oscillators are suggesting a downside bias. The Patterns are suggesting lower lows are expected but may be limited . The 15min time frame, suggesting a choppy session with a potential to break lower, 9725-55 are the Critical levels to watch to maintain the Bearish 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.