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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

Fri, Nov 13 2009, 06:46 GMT
by Rajoo C

Precise Trader  |  View company's profile

USDCHF

USDCHF closed @ 10175 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at 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 Up while 10085 holds and Daily Trend is Sideways Down while 10340 holds, so expect the price  to make Higher Highs.  The  Price closed above the Res  Zone 1 and  the bulls were strong and holding their gains  towards the close .The  Hourly trend is in a  Range trading expect the price to march higher , 10110-10085 are the critical  levels to watch to maintain  the bullish out look .  On the 5 min is along the Up  Channel  and  the price patterns are suggesting higher highs.

BULLS:   10145   10085          BEARS:   10205   10300    

Conservative Traders:  LONG near   10090      with a tight stop with a 50 pips price target.       

Aggressive Traders :  LONG near   10140   10090   with a tight stop with a 50 pips price target.       

AUDUSD

AUDUSD closed @ 9240 which was BELOW the open and breached the previous day's low. The High was 20 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bearish and the price is Within the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways Down while 9340 holds and Daily Trend is Sideways Up while 9080 holds, so expect the price  to be Choppy with a Downside bias.   The Price closed below the Sup  Zone 1 and  the  bears holding their gains   towards the close .The  Hourly Trend  is in a Range Trading but expect the upside to be limited , 9280-9340  are the critical  levels to watch to maintain  the bearish outlook .  On the 5 min is choppy but along the  steep Down Channel  and  the price patterns are suggesting  lower lows.

BULLS:   9210   9160   9080       BEARS:   9290   9330    

Conservative Traders:  SHORT near   9330      with a tight stop with a 50 pips price target.       

Aggressive Traders :  SHORT near   9280   9330   with a tight stop with a 50 pips price target.       

USDCAD

USDCAD closed @ 10560 which was ABOVE the open and breached the previous day's high.  The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) 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 Up while 10480 holds and Daily Trend is Sideways Down while 10785 holds, so expect the price  to make Higher Highs.  The  Price closed well above the Res  Zone 1 and  the bulls were strong and  holding their gains  towards the close .The  Hourly Trend is in a  Range trading expect the price to make higher highs , 10480-20  are the critical  levels to watch to maintain  the bullish outlook .  On the 5 min is along the  Up Channel  and  the price patterns are suggesting  higher highs.

BULLS:   10500   10450          BEARS:   10625   10710    

Conservative Traders:  LONG near   10500   10450   with a tight stop with a 50 pips price target.       

Aggressive Traders :  LONG near   10520   10450   with a tight stop with a 50 pips price target.       

• WebFX2_131109.pdf

Published on  Fri, Nov 13 2009, 06:47 GMT