PreciseTrader's Commentaries

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

by PreciseTrader on Feb 9, 2010


USDCHF

USDCHF closed @ 10735 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 Tgt 1.   The Hourly Oscillators are MIXED and the price is Above the MA, so CAUTIOUS  approach is needed. Hourly Trend is Corrective Up while 10640 holds and Daily Trend is Sideways Up while 10495 holds, so expect the price to be Choppy and Upside may be limited.  The Daily Trend  was within prior day's range. The  Hourly Trend  had  been within Range Trading  with no clear direction ,10685-40  are the critical  levels to watch to maintain  the bullish outlook .  On the 5 min is along the gradual Down  Channel and  the price patterns are suggesting a Choppy session until the breakout. The Opening price principle are mixed so Cautious approach is needed.

BULLS:   10695   10640   10605       BEARS:   10795   10865   10915

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               

 


AUDUSD

AUDUSD closed @ 8650 which was BELOW 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 15 pips from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Corrective Down while 8775 holds and Daily Trend is also Corrective Down while 8860 holds, so expect the price  to be Choppy with a Downside bias.   The Daily  Trend was within prior day's range. The  Hourly Trend  has been in a Range Trading  and expect a choppy session until the breakout, 8710-8775  are the critical  levels to watch to maintain  the bearish outlook .  On the 5 min is along the gradual  Down  Channel with no clear signals and  the price patterns are suggesting a choppy session until the break . The Opening price principle are mixed so Cautious approach is needed.

BULLS:   8595   8525          BEARS:   8725   8780   

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               

 


USDCAD

USDCAD closed @ 10760 which was ABOVE the open and was within prior day's trading range.  The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 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 while 10595 holds and Daily Trend is Corrective Up while 10535 holds, so expect the price to be Choppy and Upside may be limited.  The Daily Trend was within prior day's range. The  Hourly Trend has been in a Range Trading and expect a choppy session until the breakout ,10630-10595  are the critical  levels to watch to maintain  the bullish outlook .  On the 5 min is along the Horizontal  Channel  and  the price patterns are suggesting no clear signals so Cautious approach is needed . The Opening price principle  are mixed so Cautious approach is needed .

BULLS:   10680   10630   10580       BEARS:   10775   10840   10890

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               



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