Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 28 June 2011 06:11
USDCHF
USDCHF closed @ 8355 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 8445 holds and Daily Trend is Sideways Down while 8595 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 mildly 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 within the MA's and pointing down , the Oscillators are suggesting a mixed signals. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session until the break, 8400-45 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 @ 10445 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 PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are MIXED and the Price is Mildly Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10555 holds and Daily Trend is Sideways Down while 10775 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 but gave up mildly towards the Close which signifies some strength at the initial stage of the day . The Patterns are suggesting lower lows are expected. The Hourly time frame, the Price is mildly below the MA's and pointing down, the Oscillators are suggesting mixed signals. The Patterns are suggesting a range trading with a downside bias. The 15min time frame, suggesting a choppy session until the break,10495/10555 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 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 @ 9860 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 PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 9800 holds and Daily Trend is Sideways Up while 9675 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is above the MA's but horizontal, the Bulls gave up all their gains towards the Close but was within range which signifies a choppy session during the initial stage of the day. 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 a weak upside bias. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session with a limited downside bias , 9815-00 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.
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.