USDCHF

USDCHF closed @ 8200 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 8120 holds and Daily Trend is Limited Down while 8330 holds, so expect the Price to be Choppy until the Breakout.  The  Daily time frame ,the Price is below  the MA's and pointing down , the Bears gained towards the close but was within a range  which signifies a choppy session until the break . The Patterns are suggesting higher highs but stiff resistance near 8325-8425 levels. The Hourly  time frame, the Price is within the MA's and pointing  horizontal, the Oscillators are suggesting  mixed signals. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session until the break, 8155-20 are the Critical  levels to watch to maintain the Bullish Outlook. The  High/Low  for the Week may  be limited to 8325-8400/ 7960-7885  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:   8175   8125   8050       BEARS:   8245   8300   8360


Today's Strategies:  LONG @ the Break      8245   with a tight stop with a 35-50 pips price target.      

AUDUSD

AUDUSD closed @ 10750 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 1 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 while 10650 holds and Daily Trend is also Sideways while 10475 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  Bulls gained mildly  towards the close but was within range which signifies a choppy session until the break . The Patterns are suggesting a range trading  until the break. The Hourly  time frame, the Price is above the MA's and pointing horizontal,  the Oscillators are suggesting  an upside bias with lack of  strength. The Patterns are suggesting a range trading until the break. The 15min time frame, suggesting a choppy session until the break, 10700-10650  are the critical levels to watch to maintain the Bullish  Outlook The High/ Low for the Week may be limited  to 10805-85/ 10525- 10385 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 @ 9475 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 PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 9595 holds and Daily Trend is also Sideways while 9780 holds, so expect the Price to be Choppy until the Breakout.  The  Daily time frame ,the Price is below the MA's  but pointing down, the  Bears gained towards the close which signifies some more weakness. 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 but lack of strength. The Patterns are suggesting a range trading until the break. The 15min time frame, suggesting a choppy session until the break , 9520-95 are the Critical  levels to watch to maintain the Bearish Outlook. The High / Low for the Week may be limited to 9770-9825/ 9445-9360 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.