USDCHF
USDCHF closed @ 9115 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 10 pips from 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 9235 holds and Daily Trend is also Sideways Down while 9450 holds, so expect the Price to be Choppy with a potential to Break Lower.
The Daily time frame, the Price is below the MA’s and pointing down, the Bears gained towards the Close.
The Patterns are suggesting lower lows are expected but Cautious approach is needed. The Hourly time frame, the Price is below the MA’s and pointing down, the Oscillators are suggesting a downside bias. The Patterns are suggesting lower lows are expected but may be limited. The 15min time frame is suggesting a choppy session with a potential to break lower, 9160/9235 are the Critical levels to watch to maintain the Bearish Outlook. We believe a choppy session until the breakout. 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 gives us good signals.
BULLS: 9060 9015 8940 BEARS: 9150 9200 9255
Today’s Strategies: SHORT near 9150 9185 with a tight stop with a 35-50 pips price target.
AUDUSD
AUDUSD closed @ 10610 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 PRECISELY at Precise Trader’s Sup Zone 1.
The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 10485 holds and Daily Trend is also Sideways Up while 10260 holds, so expect the Price to be Choppy with a potential to Break Higher.
The Daily time frame, the Price is within the MA’s and pointing horizontal, the Bulls gained and were holding towards the close. The Patterns are suggesting higher highs are expected. The Hourly time frame, the Price is above the MA’s and the Oscillators are suggesting an upside bias. The Patterns are suggesting a range trading with a potential to break higher. The 15min time frame, suggesting a choppy session until the breakout, 10560/10485 are the critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are Mixed, so Cautious approach is needed and High-Low time does not gives us good signals.
BULLS: 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
