Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
Sep 3, 2009 Make Money Online
EURUSD
EURUSD closed @ 14265 which was ABOVE the open and was within prior day’s trading range. The High was PRECISELY at Precise Trader’s Hrly Level and the Low was PRECISELY at Precise Trader’s Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the price is Within the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Turning Down while 14375 holds and Daily Trend is Sideways while 14450 holds, so expect the price to be Choppy and Upside may be limited. The Price is trading marginally Below Monthly , Weekly open and closed just above Res Zone 1 .The price on the Hourly is within Range but the upside should be limited to 14320-75 , on the 5 min is Choppy but expect the bulls to struggle to clear 14330 mark. The price should not exceed 14330-14375 level to maintain the bearish outlook. Conservative traders should look to SHORT near 14320-14375 level or strictly trade only at Precise Traders Report levels. Aggressive traders look to do the same with price targets at 14190-14125 levels.
GBPUSD
GBPUSD closed @ 16275 which was ABOVE the open and was within prior day’s trading range. The High was 10 pips from Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was 5 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 Turning Down while 16385 holds and Daily Trend is Sideways Down while 16630 holds, so expect the price to be Choppy and Upside may be limited. The Price is trading at the Monthly , Weekly open and closed well above Res Zone 1. The Price on the Hourly is in Range Trading but the upside should be limited to 16335-85 , on the 5 min is Choppy but expect the bulls to struggle to clear 16335-85 levels.The price should not exceed 16335-16385 level to maintain the bearish outlook. Conservative traders should look to SHORT near 16325-85 levels or strictly trade only at Precise Traders Report levels. Aggressive traders look to do the same with price targets at 16195-25 levels.
USDJPY
USDJPY closed @ 9220 which was BELOW the open and breached the previous day’s low. The High was 10 pips from Precise Trader’s Res Zone 1 and the Low was 5 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Bearish but Weak and the price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Turning Up while 9175 holds and Daily Trend is Sideways Down while 9510 holds, so expect the price to be Choppy and Downside may be limited. The Price is trading Below Monthly, Weekly open and closed well below the Sup Zone 1.The Hourly price displaying signs of bottoming so the bears should start to exit , on the 5 min is Choppy but the price should not trade below 9175-45 to maintain the bullish outlook. Conservative traders should look to be Sidelined or strictly trade only at Precise Traders Report levels. Aggressive traders should look to do the same or LONG Cautiously near 9175-45 level with a tight Stop and 9265-9325 as potential price targets.
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