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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Thursday, 16 June 2011 06:04
USDCHF
USDCHF closed @ 8530 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Tgt 2 and the Low was 5 pips from 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 Up while 8430 holds and Daily Trend is Limited Down while 8695 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily time frame ,the Price is within the MA's and pointing horizontal , the Bulls gained aggressively towards the close which signifies more strength a head . The Patterns are suggesting that the Low may have been seen . 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 but it is due for pullback soon, 8485-30 are the Critical levels to watch to maintain the Bullish Outlook. The Low for today may be limited to 8480-40 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: 8485 8440 8385 BEARS: 8555 8600 8650
Today's Strategies: LONG near 8480 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 10575 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 20 pips from 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 Sideways Down while 10700 holds and Daily Trend is Sideways while 10220 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily time frame ,the Price is within the MA's but horizontal , the Bears gained aggressively towards the Close which signifies more weakness a head. 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 a range trading until the break. The 15min time frame, suggesting a choppy session with a potential to break lower ,10625/10700 are the Critical levels to watch to maintain the Bearish 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 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 @ 9790 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 3 and the Low was 15 pips from 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 9710 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 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 choppy session until the break . The 15min time frame, suggesting a choppy session with a potential to break higher, 9745-10 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.