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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

Mon, Nov 2 2009, 06:41 GMT
by Rajoo C

Precise Trader  |  View company's profile

USDCHF

USDCHF closed @ 10265 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 2 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 Down while 10295 holds and Daily Trend is Turning Up while 10030 holds, so expect the price to be Choppy and Downside may be limited.  The Price has closed above the Res Zone 1 and the bulls holding their gains towards the close. The Hourly time is creeping lower ,10295-10315 are the critical levels to watch to maintain the bearish outlook. On the 5 min is Choppy but along the Horizontal Channel and the price patterns are mixed. Coming to First trading day of the Month nad Week Cautious approach is needed.  Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.   Aggressive Traders :  SIDELINED or strictly trade only at Precise Trader's Report Levels.

AUDUSD

AUDUSD closed @ 9005 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 25 pips from Precise Trader's Sup Tgt 3.   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 9125 holds and Daily Trend is Turning Down while 9335 holds, so expect the price to be Choppy and Upside may be limited.  The Price has closed below the Sup U Turn Zone 5 and the bears were exceptionally strong till the close. The Hourly is creeping higher but the upside may be limited, expect the price to struggle near 9125-45 levels, the price should not trade above 9110-9125 to maintain the bearish outlook. On the 5 min is choppy and the patterns is mixed. Coming to First trading day of the Month nad Week Cautious approach is needed.  Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.   Aggressive Traders :  SIDELINED or strictly trade only at Precise Trader's Report Levels.

USDCAD

USDCAD closed @ 10850 which was ABOVE the open and breached the previous day's high. The High was 15 pips from Precise Trader's Res Tgt 2 and the Low was 10 pips from 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 Up while 10650 holds and Daily Trend is Up while 10380 holds, so expect the price to be Choppy and Downside may be limited.  The Price has closed above the Res U Turn Zone 5 and bulls were exceptionally strong and holding their gains till the close. The Hourly is creeping lower but the downside should be limited , the price should not trade below 10695-50 levels to maintain the bullish outlook. On the 5 min is choppy but along the Up Channel and the price patterns suggesting the downside may be limited. Coming to First trading day of the Month and Week Cautious approach is needed.  Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.   Aggressive Traders :  SIDELINED or strictly trade only at Precise Trader's Report Levels.

• WebFX2_021109.pdf

Published on  Mon, Nov 2 2009, 06:43 GMT