• Home ::
• Technical ::
• Forex Forecasts ::
• Daily Expectations - USD crosses

• Send
• Print
• Add To
• Rss

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

Fri, Nov 6 2009, 06:10 GMT
by Rajoo C

Precise Trader

USDCHF

USDCHF closed @ 10160 which was UNCHANGED from 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 Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways while 10220 holds and Daily Trend is also Sideways while 10030 holds, so expect the price  to be Choppy with a Upside bias.   The  Price has closed within  Zone 1  but bulls and bears were Flat towards the close. The Hourly  trend is  in a Range trading , had a quietest session in a week and expect the price to choppy until the breakout happens, 10220-80  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 suggesting no clear signals until there is a break.

BULLS:   10120   10095   10060       BEARS:   10195   10265    

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 @ 9105 which was ABOVE 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 Tgt 1.   The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 9025 holds and Daily Trend is also Sideways while 9335 holds, so expect the price  to make Lower Lows.  The Price has  closed  within the Res Zone 1 , the bulls and bears were Flat  towards the close. The  Hourly is in a Range trading with an upside bias but 9150 is the immediate barrier for the bulls , the price should not trade below  9050-25  to maintain the bullish outlook. On the 5 min is along the Up Channel  and the patterns are  suggesting  higher once the 9150 barrier is cleared. Non-Farm Payroll is out today.

BULLS:   9075   9005          BEARS:   9150   9225    

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

Aggressive Traders :  LONG near   9075   9050   with a tight stop with a 50 pips price target.       

USDCAD

USDCAD closed @ 10655 which was ABOVE the open and was within prior day's trading range.  The High was PRECISELY at Precise Trader's Res Tgt 1 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 while 10760 holds and Daily Trend is also Sideways while 10405 holds, so expect the price  to be Choppy until the breakout happens.  The  Price has  closed  within the  Zone 1 and  bulls gained  mildly towards  the close . The Hourly is  in a Range trading expect a choppy session until the breakout happens  , the price should not trade above 10705-60  levels to maintain the bearish outlook. On the 5 min is  choppy but along the Horizontal Channel and the price patterns suggesting no clear direction until the break. Non-Farm Payroll is out today.

BULLS:   10625   10550          BEARS:   10700   10770    

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_061109.pdf

Published on  Fri, Nov 6 2009, 06:12 GMT