USDCHF
USDCHF closed @ 10750 which was BELOW 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 PRECISELY at Precise Trader's Sup Tgt 1. 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 10825 holds and Daily Trend is Sideways while 10545 holds, so expect the price to be Choppy with a Downside bias. The Daily Trend was within prior few day's Range with the Bears gaining towards the close. The Hourly Trend has been creeping lower and expect the Bears to test the prior swing low of 10690 level,10780-10825 are the critical levels to watch to maintain the Bearish outlook . On the 5 min is along the Steep Down Channel and the price patterns are suggesting Lower lows are expected while 10780-10825 is not breached. The Opening price principles are mixed so Cautious approach is needed until the Break.
BULLS: 10690 10620 10580 BEARS: 10780 10830 10880
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : SHORT @ the Break 10690 with a tight stop with a 50 pips price target.
AUDUSD
AUDUSD closed @ 9035 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Tgt 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 while 8980 holds and Daily Trend is Sideways Up while 8860 holds, so expect the price to be Choppy with a Upside bias. The Daily Trend breached the prior day's high and the Bulls gave up marginally towards the close. The Hourly Trend has been in a Range Trading with an Upside Bias ,8980-65 are the critical levels to watch to maintain the Bullish outlook . On the 5 min is along the Horizontal Channel and the price 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 Break.
BULLS: 9005 8980 8920 BEARS: 9075 9120 9180
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
USDCAD
USDCAD closed @ 10355 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. 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 Sideways Down while 10420 holds and Daily Trend is Sideways while 10540 holds, so expect the price to be Choppy and Downside may be limited. The Daily Trend breached the prior day's Low and the Bears giving up mildly towards the close. The Hourly Trend has been in a Range Trading with a limited Downside Bias ,10385-10420 are the critical levels to watch to maintain the Bearish outlook . On the 5 min is along the gradual Down Channel and the price patterns are suggesting limited Lower Lows . The Opening price principles are mixed so Cautious approach is needed until the Break.
BULLS: 10305 10280 10230 BEARS: 10385 10445 10480
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
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