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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 22 June 2011 06:09
USDCHF
USDCHF closed @ 8405 which was BELOW the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Zone 1. 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 8520 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 mildly below the MA's and pointing down , the Bears gained 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 mildly below the MA's and pointing 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 with a potential to break lower, 8450/8520 are the Critical levels to watch to maintain the Bearish Outlook. The High for today may be limited to 8500-20 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: 8385 8330 8280 BEARS: 8455 8495 8550
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10605 which was ABOVE 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 MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10665 holds and Daily Trend is also Sideways while 10875 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 mildly towards the Close which signifies a choppy session . 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 mixed bias. The Patterns are suggesting a range trading until the break. The 15min time frame, suggesting a choppy session until the break,10635-65 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 @ 9710 which was BELOW the open and breached the previous day's low. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the Price is Mildly Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Turning Up while 9645 holds and Daily Trend is Sideways while 9585 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 within the MA's but horizontal, the Bears gained towards the Close but was within range which signifies a choppy session during Asian session. The Patterns are suggesting a range trading until the break. The Hourly time frame, the Price is within the MA's and pointing down , the Oscillators are suggesting a downside bias. The Patterns are suggesting a choppy session until the break . The 15min time frame, suggesting a choppy session until the break , 9755/9805 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.