USDCHF

USDCHF closed @ 10160 which was ABOVE 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 2.   The Hourly Oscillators are Turning Bullish and the Price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Turning Up while 10065 holds and Daily Trend is Limited Down while 10375 holds, so expect the Price  to Turn Up Soon, so the Bears may stay Sidelined and the Bulls get ready to pull the Trigger.  The Daily Trend Plunged below the Prior Day's Low but the Bears gave up all their gains towards  the  Close which signifies a Potential Reverse. The  Hourly Trend  has been in a Range Trading with an Upside  Bias, 10110-10065 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:   10140   10100   10060       BEARS:   10190   10240   10310


Today's Strategies:  LONG @ the Break      10210   with a tight stop with a 50 pips price target. 

     

AUDUSD

AUDUSD closed @ 9115 which was ABOVE the open and breached the previous day's high. The High was 25 pips from Precise Trader's Dly Level and the Low was 20 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish but Weak and the Price is Above the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways Up while 9000 holds and Daily Trend is Turning Up while 8770 holds, so expect the Price to be Choppy with a  potential to Break Higher.  The Daily  Trend  Rallied Above the Prior  Day's High but the Bulls were holding till the Close which signifies some Strength but may have a Pullback . The  Hourly Trend has been Creeping Lower but may be Limited, 9030-00 are the Critical  levels to watch to maintain the Bullish Outlook . On the 5 min is along the gradual Up Channel and the Patterns are suggesting  the Bulls may gain control near the 9030-00 mark. The Opening Price Principles suggests that AUD is Weak against Most of  the Crosses but should be Limited , so Cautious approach is needed.


BULLS:   9000   8945   8900       BEARS:   9120   9160   9230


Today's Strategies:  LONG near   9030   9000   with a tight stop with a 50 pips price target.  

    

USDCAD

USDCAD closed @ 10500 which was BELOW the open and breached the previous day's low.  The High was 25 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 3.   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 10375 holds and Daily Trend is Sideways while 10390 holds, so expect the Price  to Turn Up Soon, so the Bears may stay Sidelined and the Bulls get ready to pull the Trigger.  The Daily  Trend was  within the Prior few  Day's Range  but the Bears gained  aggressively towards the Close which signifies a Choppy Session until the break . The  Hourly Trend  has been in a Range Trading  ,10560-10605 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 CAD is Weak against Four Crosses , so  Cautious approach is needed for the Bears until 10470-50 is regained.


BULLS:   10505   10445   10400       BEARS:   10590   10640   10700


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

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