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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Tuesday, 12 July 2011 05:55
USDCHF
USDCHF closed @ 8360 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 5 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 8475 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 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 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, 8405-75 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: 8425 8465 8525
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10655 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish and the Price is Mildly Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 10760 holds and Daily Trend is Sideways while 10520 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 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 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 but the downside may be limited,10705-60 are the Critical levels to watch to maintain the Bearish 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 four crosses, so Cautious approach is needed and High-Low time does not give us good signals.
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USDCAD
USDCAD closed @ 9690 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 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 9600 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 within 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 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 , 9645-00 are the Critical levels to watch to maintain the Bullish 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.