Sign inPreciseTrader's Commentaries
Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
EURUSD
EURUSD closed @ 13795 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was 20 pips from 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 Corrective Up while 13685 holds and Daily Trend is Corrective Down while 13960 holds, so expect the price to be Choppy with a Upside bias. The Daily Trend had a Rally with the Bulls giving up marginally towards the close. The Hourly Trend has been in a Range Trading with a limited Upside bias ,13685-15 are the critical levels to watch to maintain the bullish outlook . On the 5 min is along the gradual Up Channel and the price patterns are suggesting higher highs are expected provided 13685 holds . The Opening price principle are mixed but we believe the Bulls may be in control at least during Europe Session.
BULLS: 13690 13650 13605 BEARS: 13860 13940 14025
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : LONG near 13690 13650 with a tight stop with a 50 pips price target.
GBPUSD
GBPUSD closed @ 15720 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 5 pips from 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 Corrective Up while 15580 holds and Daily Trend is Corrective Down while 15970 holds, so expect the price to be Choppy with a Upside bias. The Daily Trend had a Rally with the Bulls giving up marginally towards the close. The Hourly Trend has been in a Range Trading with a limited Upside bias ,15620-15580 are the critical levels to watch to maintain the bullish outlook . On the 5 min is along the gradual Up Channel and the price patterns are suggesting higher highs are expected provided 15620-15580 holds . The Opening price principle are mixed but we believe the Bulls may be in control at least during Europe Session.
BULLS: 15660 15620 15565 BEARS: 15760 15850 15930
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : LONG near 15660 15620 with a tight stop with a 50 pips price target.
USDJPY
USDJPY closed @ 8970 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 15 pips from 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 8895 holds and Daily Trend is Corrective Down while 9125 holds, so expect the price to be Choppy and Upside may be limited. The Daily Trend was within prior day's trading Range. The Hourly has been in a Range Trading with no clear direction and expect a Choppy session until the break ,8925-8895 are the critical levels to watch to maintain the bullish outlook . On the 5 min is along the gradual Up Channel with no clear signal and the price patterns are suggesting a choppy session until the breakout . The Opening price principle are suggesting mixed so Cautious approach is needed.
BULLS: 8945 8885 8855 BEARS: 9010 9060 9085
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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