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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

Tue, Nov 3 2009, 06:42 GMT
by Rajoo C

Precise Trader

USDCHF

USDCHF closed @ 10220 which was BELOW the open and was within prior day's trading range. The High was 5 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 Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways Up while 10085 holds and Daily Trend is Turning Up while 10030 holds, so expect the price  to be Choppy until the breakout happens.  The  Price has closed  below the   Zone 1 and  the bears  holding their gains mildly  towards the close. The  Hourly time  is in a Range trading  expect the price to be choppy until the breakout ,10140-10085 are the critical levels to watch to maintain the bullish outlook. On the 5 min is  Choppy  but along the Horizontal  Channel  and the price patterns are mixed.  We have no suggestions until the breakout.

BULLS:   10170   10145          BEARS:   10250   10285    

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 @ 9045 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 5 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways Down while 9125 holds and Daily Trend is Turning Down while 9335 holds, so expect the price  to be Choppy with a Downside bias.   The Price has  closed  just above the Res Zone 1 and the bulls holding their gains mildly  till the close. The  Hourly is in a Range  trading with a  downside bias , expect the price to creep lower even though RBA raised interest rate , the price should not trade  above 9100-25  to maintain the bearish outlook. On the 5 min is along the gradual Down  Channel  and the patterns are suggesting lower lows while 9100 is not breached.  

BULLS:   8980   8865          BEARS:   9100   9165    

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.          

Aggressive Traders :  SHORT near   9070   9110   with a tight stop with a 50 pips price target. 

USDCAD

USDCAD closed @ 10770 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 5 (U Turn Zone).   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 10650 holds and Daily Trend is Up while 10380 holds, so expect the price  to be Choppy until the breakout happens.  The  Price has  closed  below the Sup Zone 1 and  bears  holding their gains mildly  till the close . The Hourly is  in a Range trading  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 gradual  Down Channel and the price patterns suggesting the downside may be limited.  We have no suggestions until the breakout.

BULLS:   10750   10685          BEARS:   10810   10875   10935 

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_031109.pdf

Published on  Tue, Nov 3 2009, 06:46 GMT