USDCHF

USDCHF closed @ 9910 which was ABOVE the open and breached the previous day’s high. The High was 20 pips from Precise Trader’s Res Tgt 1 and the Low was 20 pips from Precise Trader’s Sup Zone 1.
The Hourly Oscillators are Bearish but Weak and the Price is Above the MA, so CAUTIOUS approach is needed for the Bears.
Hourly Trend is Limited Up while 9785 holds and Daily Trend is Sideways Up while 9680 holds, so expect the Price to have a Minimum Upside and the Bulls have to be Cautious.

The Daily Closed above the Open but pulled away from the High and we believe that the Bulls may have topped or we may see one last push towards 10000 mark. The Patterns are suggesting a Range trading with a potential to break lower. The Hourly looks like it may have topped but the Bears must crack the 9865-50 levels and must protect the 9950-85 levels at all times. The 15min is suggesting that the upside may be limited to 9950-85 levels in order to stick to our assumption and the break of 9880-50 is needed for the Bears. The Opening Price Principle suggests that the break of 9875 is needed for the Bears but Cautious approach is needed until the Price breaks out of Zone 2 levels .

BULLS: 9880 9825 9765 Bears 9955 10000 10035

Today’s Strategies: SHORT @ the Break 9875 with a tight stop with a 35-50 pips price target.

AUDUSD

AUDUSD closed @ 10260 which was BELOW the open and breached the previous day’s low. The High was 25 pips from Precise Trader’s Res Zone 1 and the Low was 5 pips from Precise Trader’s Sup Zone 5 (U Turn Zone).
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 10385 holds and Daily Trend is Limited Up while 10100 holds, so expect the Price to be Choppy with a potential to Break Lower.

The Daily Closed below the Open but mildly away from the low and we believe that the Bears are in control . The Patterns are suggesting lower lows are expected . The Hourly looks like we may see the Bears testing 10175-00 levels and must protect the 10310-50 levels at all times. The 15min is suggesting a choppy session and any pullback should be limited to 10330-50 levels. The Opening Price Principle suggests that 10385 is a critical level for the Bears but Cautious approach is needed until the Price breaks out of Zone 2 levels.

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USDCAD

USDCAD closed @ 10190 which was ABOVE the open and breached the previous day’s high. The High was 20 pips from 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 Mildly Above the MA, so the Bears have to be Sidelined.
Hourly Trend is Sideways Up while 10065 holds and Daily Trend is Sideways while 10365 holds, so expect the Price to be Choppy with a potential to Break Higher.

The Daily time frame ,the Price is below the MA’s and pointing down, the Bears gained initially but gave up towards the close. The Patterns are suggesting a range trading until the breakout. The Hourly time frame, the Price is within the MA’s and pointing horizontal, the Oscillators are suggesting an upside bias. The Patterns are suggesting a Make or Break scenario. The 15min time frame, suggesting a choppy session until the breakout , 10075/10150 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed, so Cautious approach is needed and High-Low time does not gives us good signals.

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