Sign inPreciseTrader's Commentaries
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
USDCHF
USDCHF closed @ 10735 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 Tgt 1. The Hourly Oscillators are MIXED and the price is Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Corrective Up while 10640 holds and Daily Trend is Sideways Up while 10495 holds, so expect the price to be Choppy and Upside may be limited. The Daily Trend was within prior day's range. The Hourly Trend had been within Range Trading with no clear direction ,10685-40 are the critical levels to watch to maintain the bullish outlook . On the 5 min is along the gradual Down Channel and the price patterns are suggesting a Choppy session until the breakout. The Opening price principle are mixed so Cautious approach is needed.
BULLS: 10695 10640 10605 BEARS: 10795 10865 10915
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
AUDUSD
AUDUSD closed @ 8650 which was BELOW 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 15 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 Corrective Down while 8775 holds and Daily Trend is also Corrective Down while 8860 holds, so expect the price to be Choppy with a Downside bias. The Daily Trend was within prior day's range. The Hourly Trend has been in a Range Trading and expect a choppy session until the breakout, 8710-8775 are the critical levels to watch to maintain the bearish outlook . On the 5 min is along the gradual Down Channel with no clear signals and the price patterns are suggesting a choppy session until the break . The Opening price principle are mixed so Cautious approach is needed.
BULLS: 8595 8525 BEARS: 8725 8780
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
USDCAD
USDCAD closed @ 10760 which was ABOVE 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 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 10595 holds and Daily Trend is Corrective Up while 10535 holds, so expect the price to be Choppy and Upside may be limited. The Daily Trend was within prior day's range. The Hourly Trend has been in a Range Trading and expect a choppy session until the breakout ,10630-10595 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 no clear signals so Cautious approach is needed . The Opening price principle are mixed so Cautious approach is needed .
BULLS: 10680 10630 10580 BEARS: 10775 10840 10890
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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