EURUSD

EURUSD closed @ 12875 which was BELOW the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1.   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 12930 holds and Daily Trend is Up while 12580 holds, so expect the Price to be Choppy with a  potential to Break Lower.  The  Daily Trend  is  Bullish but is Weakening and  the  Price breached the prior day's high but the Bears gained towards the Close which signifies some Weakness in the First half of the Day . The MA is suggesting that the Bulls  are Weakening but have not given up but the Oscillators are suggesting that the Bears have gained control. The Hourly Trend has been Creeping Lower but may be Limited and the Patterns are suggesting that the Bulls should be back near 12775-35  to maintain the Bullish view ,12910-30 are the Critical  levels to watch to maintain the Bearish Outlook. The Opening Price Principles suggests that EUR is Weak against all the Crosses but may v=be Limited so Cautious approach is needed.


BULLS:   12770   12730   12665       BEARS:   12880   12925   12965


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

           

GBPUSD

GBPUSD closed @ 15395 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 15 pips from 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 while 15485 holds and Daily Trend is also Sideways while 15710 holds, so expect the Price to be Choppy until the Breakout.  The Daily Trend  is still Bearish and is within Range Trading but 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 but may Weaken and  the Oscillators are suggesting the Same. The Hourly Trend has been in a Range Trading with a  Downside  Bias and the Patterns are suggesting a Choppy session with a potential to break Lower  ,15455-85 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:   15330   15270   15225       BEARS:   15445   15505   15555


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

               

USDJPY

USDJPY closed @ 8420 which was BELOW the open and was within prior day's trading range.  The High was 5 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 8480 holds and Daily Trend is also Sideways while 8665 holds, so expect the Price to be Choppy until the Breakout.  The  Daily Trend  is still Bearish but is within Range Trading but the Price closed unchanged towards the Close which signifies a Choppy session until the Break . The MA is suggesting No clear Direction and the Oscillators are suggesting  the same. The Hourly Trend has been in a Range Trading with no clear Direction until the break and the Patterns are suggesting a Choppy session until the break , 8465-80 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:   8355   8300   8250       BEARS:   8485   8550   8600


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

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