Members login
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Monday, 11 July 2011 06:02
USDCHF
USDCHF closed @ 8365 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Hrly Level and the Low was PRECISELY at 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 Sideways while 8485 holds and Daily Trend is also Sideways while 8585 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 Bears gained towards the close which signifies some more weakness . 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, 8410-85 are the Critical levels to watch to maintain the Bearish Outlook. The High/Low for the Week may be limited to 8485-8550/ 8275-8175 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: 8325 8265 8205 BEARS: 8440 8485 8525
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10755 which was BELOW the open and was within prior day's trading range. The High was 10 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 Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 10625 holds and Daily Trend is also Sideways while 10520 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 Bears gained towards the Close but was within range 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 downside bias. The Patterns are suggesting a range trading until the break. The 15min time frame, suggesting a choppy session until the break but the downside may be limited,10645-25 are the Critical levels to watch to maintain the Bullish Outlook The High/ Low for the Week may be limited to 10795-10885/ 10575-25 levels. The Opening Price Principles are suggesting that AUD is Weak against three crosses, so Cautious approach is needed and High-Low time supports that view.
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 @ 9630 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 9700 holds and Daily Trend is also Sideways while 9765 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is below the MA's but pointing horizontal, the Bulls gained towards the Close but was within range. 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 an upside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break , 9675-9700 are the Critical levels to watch to maintain the Bearish Outlook. The High / Low for the Week may be limited to 9770-9825/ 9550-00 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.