USDCHF

USDCHF closed @ 8835 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 8750 holds and Daily Trend is Limited Down while 9110 holds, so expect the Price to be Choppy until the Breakout.  The  Daily time frame ,the Price is within the MA's , the Bulls gained  towards the close. The Patterns are suggesting a Range trading until the break . The Hourly  time frame, the Price is within the MA's  and  the Oscillators are suggesting a weak upside bias. The Patterns are suggesting a Range trading until the break. The 15min time frame, suggesting a Range trading until the break, 8790-10  are the Critical  levels to watch to maintain the Bullish Outlook. 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 give us good signals.


BULLS:   8800   8750   8700       BEARS:   8895   8935   8975


Today's Strategies:  LONG near   8810   8790   with a tight stop with a 35-50 pips price target.      

AUDUSD

AUDUSD closed @ 10505 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 15 pips from Precise Trader's Sup Tgt 3.   The Hourly Oscillators are Bearish but Oversold and the Price is Below the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Sideways while 10630 holds and Daily Trend is Turning Down while 11015 holds, so expect the Price to be Choppy until the Breakout.  The  Daily time frame ,the Price is within the MA's , the  Bears gained  aggressively towards the Close. The Patterns are suggesting that the Bears are approaching stiff support. The Hourly  time frame, the Price is below the MA's  and  the Oscillators are suggesting  a limited downside bias. The Patterns are suggesting a Range trading until the break. The 15min time frame, suggesting a choppy session until the break,10555/10630 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 2 levels and High-Low time does not give 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 @ 9780 which was ABOVE the open and breached the previous day's high.  The High was 20 pips from Precise Trader's Res Tgt 1 and the Low was 15 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the Price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 9710 holds and Daily Trend is Turning Up while 9445 holds, so expect the Price to be Choppy until the Breakout.  The  Daily time frame ,the Price is within the MA's , the Bulls gained but gave up mildly  towards the Close. The Patterns are suggesting that the High may be seen soon. The Hourly  time frame, the Price is within  the MA's  and  the Oscillators are suggesting a weak downside bias. The Patterns are suggesting a Range trading until the break. The 15min time frame, suggesting a choppy session until the break , 9735-10  are the Critical  levels to watch to maintain the Bullish Outlook. 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 give 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.