By Rajoo C on Jul 13, 2011 06:21:12 GMT
USDCHF
USDCHF closed @ 8305 which was BELOW the open and breached the previous day’s low. The High was PRECISELY at Precise Trader’s Res Tgt 1 and the Low was 5 pips from Precise Trader’s Sup Tgt 2. 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 8420 holds and Daily Trend is Sideways while 8585 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily time frame ,the Price is below the MA’s and pointing down , the Bears gained towards the close which signifies a choppy session . The Patterns are suggesting a range trading until the break . The Hourly time frame, the Price is below the MA’s and pointing down , the Oscillators are suggesting a downside bias. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session until the break, 8350/8420 are the Critical levels to watch to maintain the Bearish Outlook. The High/Low for the Week may be limited to 8485-8550/ 8275-8175 levels. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels and High-Low time does not gives us good signals.
BULLS: 8275 8230 8180 BEARS: 8365 8425 8465
Today’s Strategies: SHORT near 8365 8385 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 10600 which was BELOW the open and breached the previous day’s low. The High was 15 pips from Precise Trader’s Res Zone 1 and the Low was PRECISELY at Precise Trader’s Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 10730 holds and Daily Trend is also Sideways while 10520 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is within the MA’s but horizontal , the Bears gained but gave up partially towards the Close but was within range which signifies a choppy session . The Patterns are suggesting a range trading until the break. The Hourly time frame, the Price is mildly below the MA’s and pointing horizontal, the Oscillators are suggesting a downside bias. The Patterns are suggesting a range trading until the break. The 15min time frame, suggesting a choppy session until the break, 10665/10730 are the Critical levels to watch to maintain the Bearish Outlook The High/ Low for the Week may be limited to 10795-10885/ 10575-25 levels. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels and High-Low time does not gives us good signals.
BULLS & BEARS : Get the full report by visiting Precise Trader for a Free Trial.
Today’s Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDCAD
USDCAD closed @ 9665 which was BELOW 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 20 pips from Precise Trader’s Hrly Level. The Hourly Oscillators are Bullish but Weak and the Price is Below the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 9745 holds and Daily Trend is also Sideways while 9765 holds, so expect the Price to be Choppy until the Breakout. The Daily time frame ,the Price is within the MA’s but pointing horizontal, the Bears gained but gave up mildly towards the Close but was within range. The Patterns are suggesting a range trading until the break. The Hourly time frame, the Price is mildly below the MA’s and pointing horizontal, the Oscillators are suggesting a weak upside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break , 9710-45 are the Critical levels to watch to maintain the Bearish Outlook. The High / Low for the Week may be limited to 9770-9825/ 9550-00 levels. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels and High-Low time does not give us good signals.
BULLS & BEARS : Get the full report by visiting Precise Trader for a Free Trial.
Today’s Strategies: Get the full report by visiting Precise Trader for a Free Trial.
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