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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 20 June 2011 06:36
USDCHF
USDCHF closed @ 8485 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 8400 holds and Daily Trend is Limited Down while 8665 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is within the MA's and pointing horizontal , the Price closed unchanged towards the close but was within range which signifies a choppy session until the break . 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 mixed signals. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session until the break, 8440-00 are the Critical levels to watch to maintain the Bullish Outlook. The High & Low for today may be 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: 8445 8400 8350 BEARS: 8550 8615 8665
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10620 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish and the Price is Mildly Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Turning Down while 10670 holds and Daily Trend is Sideways while 10875 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 towards the Close which signifies some range trading. The Patterns are suggesting a Range trading until the break. The Hourly time frame, the Price is mildly 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 lower lows are expected ,10635-70 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 @ 9795 which was BELOW 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 PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bullish and the Price is Mildly Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 9725 holds and Daily Trend is also Sideways while 9585 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 gave up mildly 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 mildly above the MA's and pointing horizontal , 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 until the break , 9750-25 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.