USDCHF

USDCHF closed @ 10265 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 PRECISELY at Precise Trader's Hrly Level.   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 10315 holds and Daily Trend is Sideways while 10560 holds, so expect the Price to be Choppy with a  potential to Break Lower.  The Daily  Trend was within the Prior Day's Range but the Bears gained mildly towards the   Close which signifies Choppy session with some Weakness in the First half of the Day . The  Hourly Trend  has been in a Range Trading with a Downside  Bias but the Bears need to crack 10200 for further gains, 10295-10315 are the Critical  levels to watch to maintain the Bearish Outlook. On the 5 min is along the Horizontal Channel and the Patterns are suggesting a Choppy Session with a potential to break Lower. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   10170   10105   10035       BEARS:   10285   10350   10400


Today's Strategies:  Trade @ the Bulls & Bears Levels Only. 

              

AUDUSD

AUDUSD closed @ 8915 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 20 pips from Precise Trader's Hrly Level.   The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 9015 holds and Daily Trend is Sideways while 9150 holds, so expect the Price to be Choppy with a  potential to Break Lower.  The Daily  Trend  breached above  the Prior  Day's High marginally  but the Bears gained aggressively  towards  the Close which signifies some more Weakness  in the First half of the Day . The  Hourly Trend has been in a Range Trading with a Downside Bias, 8955-9015 are the Critical  levels to watch to maintain the Bearish Outlook . On the 5 min is along the Horizontal Channel and the Patterns are suggesting a Choppy Session with a potential to Break  Lower. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   8895   8830   8765       BEARS:   8965   9030   9070


Today's Strategies:  SHORT near   8965   9015   with a tight stop with a 50 pips price target.  

    

USDCAD

USDCAD closed @ 10600 which was ABOVE 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 5 pips from Precise Trader's Sup Tgt 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 10530 holds and Daily Trend is also Sideways while 10360 holds, so expect the Price to be Choppy until the Breakout.  The Daily  Trend was  within the Prior few  Day's Range  but the Bulls gained aggressively towards the Close which signifies a Choppy trading with some more Strength  in the First half of the Day . The  Hourly Trend  has been in a Range Trading but the Bulls need to crack 10660 for further gains ,10550-30 are the Critical  levels to watch to maintain the Bullish Outlook . On the 5 min is along the Horizontal Channel and the Patterns are suggesting a Choppy session with a potential to Break Higher. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   10560   10495   10425       BEARS:   10650   10730   10810


Today's Strategies:  Trade @ the Bulls & Bears Levels Only.               

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