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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 27 June 2011 05:25
USDCHF
USDCHF closed @ 8335 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 15 pips from Precise Trader's Sup Tgt 1. 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 Sideways Down while 8430 holds and Daily Trend is also Sideways Down while 8595 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily time frame ,the Price is below the MA's and pointing down , the Bears gained towards the close but trading at critical levels 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 down , 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, 8380/8430 are the Critical levels to watch to maintain the Bearish Outlook. The High/Low for the Week may be limited to 8515-95/8230-8080 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: 8315 8285 8230 BEARS: 8405 8465 8525
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10490 which was BELOW the open and was within prior day's trading range. The High was 25 pips from Precise Trader's Hrly Level and the Low was 5 pips from Precise Trader's Sup Zone 1. 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 10540 holds and Daily Trend is also Sideways Down while 10775 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 towards the Close which signifies some more weakness at the initial stage of the day . The Patterns are suggesting lower lows are expected. The Hourly time frame, the Price is within the MA's and pointing horizontal, the Oscillators are suggesting a limited downside bias. The Patterns are suggesting lower lows are expected. The 15min time frame, suggesting a choppy session until the break,10520-40 are the Critical levels to watch to maintain the Bearish Outlook The High/ Low for the Week may be limited to 10540-85/10220/10150 levels. The Opening Price Principles are suggesting that AUD is weak against only three crosses Cautious approach is needed and High-Low time does not gives us good signals.
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USDCAD
USDCAD closed @ 9885 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at 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 9785 holds and Daily Trend is also Sideways Up while 9675 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily time frame ,the Price is above the MA's but horizontal, the Bulls gained aggressively towards the Close but was within range which signifies a choppy session during the initial stage of the day. The Patterns are suggesting higher highs are expected. 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 higher highs are expected . The 15min time frame, suggesting a choppy session with a limited upside bias , 9840/9760 are the Critical levels to watch to maintain the Bullish Outlook. The High / Low for the Week may be limited to 9975-10065/ 9795-25 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 give us good signals.
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