Tuesday, November 10, 2009

Forecast on USD Minors

Forecast on USD Minors

Daily Reports (Trends, Precise Entry & Exit levels and Strategies) on 9 Crosses- USD Majors, USD Minors & JPY Crosses.

USDCHF

USDCHF closed @ 10610 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 20 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish but Weak and the price is Within the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways Up while 10525 holds and Daily Trend is Sideways while 10845 holds, so expect the price to be Choppy and Downside may be limited. The Price is trading marginally Above Monthly, Weekly open and closed just below Sup Zone 1. The Price on the Hourly time is within Range Trading expect the price to turn up soon, on the 5 min is Choppy but 10560-25 levels should not be seen to maintain the bullish outlook. Conservative traders should look to be Sidelined or strictly trade only at Precise Traders Report levels. Aggressive traders should do the same , Cautiously LONG near 10560-25 level or the break of 10640 level with 10720-10785 as price targets.

AUDUSD

AUDUSD closed @ 8340 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 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 Turning Down while 8455 holds and Daily Trend is Sideways while 8140 holds, so expect the price to be Choppy and Upside may be limited. The Price is trading Below Monthly, Weekly open and closed well above the Res Zone 1. The Price on the Hourly is in a Range Trading but the Upside is limited , on the 5 min is Choppy and expect the pullback to be limited to 8420-55 levels. The price should not exceed 8455-85 level to maintain the bearish outlook. Conservative traders should look to SHORT near 8420-55 levels or strictly trade only at Precise Traders Report levels.Aggressive traders should look to do the same with 8290-40 levels as price targets.

USDCAD

USDCAD closed @ 11055 which was ABOVE the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Tgt 1 and the Low was 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the price is Converging towards the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10910 holds and Daily Trend is also Sideways while 10660 holds, so expect the price to be Choppy with a Upside bias. The Price is trading Above Monthly,Weekly open and closed within Zone 1.The Price on the Hourly is in a Range Trading but it is rather weak so expect some consolidation to take place , on the 5 min is also Choppy but 10970-10 are the levels to watch for the bulls. Conservative traders should look to be Sidelined or strictly trade only at Precise Traders Report levels. Aggressive traders should look do the same or Cautiously LONG near 10970-10 levels for quick profit with a tight Stop.

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