Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

Written by Rajoo C Wednesday, 01 September 2010 06:43

USDCHF

USDCHF closed @ 10150 which was BELOW the open and breached the previous day's low. The High was 25 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 but Weak and the Price is Below the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Limited Down while 10235 holds and Daily Trend is also Limited Down while 10400 holds, so expect the Price to have a Minimum Downside and...

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

Written by Rajoo C Wednesday, 01 September 2010 06:39

EURUSD

EURUSD closed @ 12680 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 10 pips from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways while 12585 holds and Daily Trend is also Sideways while 12935 holds, so expect the Price to be Choppy until the Breakout.  The Daily...

Forex Daily News: August 31, 2010 - Dollar Rebounds

Written by UFX Bank Tuesday, 31 August 2010 07:17

USD Dollar (USD) – The Dollar rose versus most major counterparts as U.S. stocks dropped, fueling demand for safer assets. The Core PCE Price Index came out unchanged at 0.1% as expected, while the Personal Spending report came out 0.4% better than the expected 0.3%. NASDAQ and Dow Jones declined by -1.56% and -1.39% respectively. Crude Oil dropped by -0.6%, closing near $74 a barrel. Gold (XAU) traded almost unchanged and closed at $1236.50 an ounce. Today, the Chicago PMI is expected at...

Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)

Written by Rajoo C Tuesday, 31 August 2010 06:45

Spot Gold

SPOT GOLD  closed @ 12365 which was BELOW the open and was within prior day's trading range. The High was 1.5 Dollars from Precise Trader's Res Zone 1 and the Low was 0.5 Dollars from 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 Turning Down while 12505 holds and Daily Trend is Limited Up while 12105 holds, so expect the price  to Turn Down Soon, so the Bulls may stay Sidelined...