USDCHF

USDCHF closed @ 10130 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 Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 10220 holds and Daily Trend is Sideways Down while 10425 holds, so expect the Price to be Choppy until the Breakout.  The  Daily Trend  is still Bearish but is in a  Range Trading and  the Bears gave Up Mildly towards the Close which signifies a Choppy Session  until the break . The MA is suggesting that the Bears are still in Control and  the Oscillators are suggesting Mixed Signals. The Hourly Trend has been in a Range Trading with no Clear Direction and the Patterns are suggesting a Choppy Session  until the break ,10180-10220 are the Critical  levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   10050   9985   9925       BEARS:   10180   10240   10310


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

           

AUDUSD

AUDUSD closed @ 9110 which was UNCHANGED from the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was 25 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the Price is Above the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Up while 9000 holds and Daily Trend is Up while 8860 holds, so expect the Price to be Choppy with a  potential to Break Higher.  The  Daily Trend  is still Bullish but may get a pullback but the Price Closed Unchanged towards the Close which signifies some Weakness in the First half of the Day . The MA is suggesting that the Bulls are still in Control  but the Oscillators are suggesting we may see a pullback. The Hourly Trend has been in a Range Trading with a Limited Downside  Bias and the Patterns are suggesting that the Pullback should be limited to 9030-00 levels ,9000-8980 are the Critical  levels to watch to maintain the Bullish Outlook. The Opening Price Principles suggests that AUD is Weak against Four Crosses so the Bulls can wait for better entry levels.


BULLS:   9030   9000   8925       BEARS:   9140   9200   9260


Today's Strategies:  LONG near   9000   8980   with a tight stop with a 50 pips price target. 

    

USDCAD

USDCAD closed @ 10525 which was ABOVE 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 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 Sideways while 10625 holds and Daily Trend is also Sideways while 10390 holds, so expect the Price to be Choppy until the Breakout.  The Daily Trend  is still Bullish but is in a Range Trading and  the Bulls gained Mildly towards the Close which signifies a Choppy session with mild Strength .The MA is suggesting that the Price is caught in a Range but the Oscillators are suggesting mixed Signals. The Hourly Trend has been in a Range Trading with no Clear Direction and the Patterns are suggesting  a Choppy session until the break ,10575-10625 are the Critical  levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   10475   10400   10370       BEARS:   10575   10625   10675


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

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