USDCHF
USDCHF closed @ 10165 which was BELOW the open and breached the previous day’s low. The High was 5 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 but Weak and the price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Turning Up while 10095 holds and Daily Trend is Sideways while 10030 holds, so expect the price to make Lower Lows but the Downside may be limited. The Price has closed below the Sup Zone 1 but bears gave up mildly towards the close. The Hourly trend is in a Range trading but we believe the low may have been seen,10095-30 are the critical levels to watch to maintain the bullish outlook. On the 5 min is Choppy but along the Horizontal Channel and the price patterns are suggesting the low may have been seen.
BULLS: 10120 10095 BEARS: 10235 10310
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG @ the Break 10215 with a tight stop with a 50 pips price target.
AUDUSD
AUDUSD closed @ 9105 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was 15 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 9150 holds and Daily Trend is Sideways while 9335 holds, so expect the price to make Lower Lows. The Price has closed above the Res Zone 1 , the bulls gave up mildly towards the close. The Hourly is creeping lower but we believe the high may have been seen , the price should not trade above 9120-50 to maintain the bearish outlook. On the 5 min is along the gradual Down Channel and the patterns are suggesting lower while the 9120-9150 is not breached.
BULLS: 8970 8865 BEARS: 9090 9140
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG near 9100 with a tight stop with a 50 pips price target.
USDCAD
USDCAD closed @ 10630 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 Turning Bullish and the price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Turning Up while 10570 holds and Daily Trend is Sideways while 10405 holds, so expect the price to be Choppy with a Upside bias. The Price has closed exactly at the Sup Zone 1 and bears gave up mildly towards the close . The Hourly is in a Range trading but we believe the low may have been seen , the price should not trade below 10595-70 levels to maintain the bullish outlook. On the 5 min is choppy but along the Horizontal Channel and the price patterns suggesting higher on the break of 10690 provided the low 10615-10595 is not breached .
BULLS: 10615 10595 10520 BEARS: 10690 10740 10875
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG near 10615 with a tight stop with a 50 pips price target.
http://www.forexpros.com/education/precise-trader
USDCHF closed @ 10165 which was BELOW the open and breached the previous day’s low. The High was 5 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 but Weak and the price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Turning Up while 10095 holds and Daily Trend is Sideways while 10030 holds, so expect the price to make Lower Lows but the Downside may be limited. The Price has closed below the Sup Zone 1 but bears gave up mildly towards the close. The Hourly trend is in a Range trading but we believe the low may have been seen,10095-30 are the critical levels to watch to maintain the bullish outlook. On the 5 min is Choppy but along the Horizontal Channel and the price patterns are suggesting the low may have been seen.
BULLS: 10120 10095 BEARS: 10235 10310
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG @ the Break 10215 with a tight stop with a 50 pips price target.
AUDUSD
AUDUSD closed @ 9105 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was 15 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 9150 holds and Daily Trend is Sideways while 9335 holds, so expect the price to make Lower Lows. The Price has closed above the Res Zone 1 , the bulls gave up mildly towards the close. The Hourly is creeping lower but we believe the high may have been seen , the price should not trade above 9120-50 to maintain the bearish outlook. On the 5 min is along the gradual Down Channel and the patterns are suggesting lower while the 9120-9150 is not breached.
BULLS: 8970 8865 BEARS: 9090 9140
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG near 9100 with a tight stop with a 50 pips price target.
USDCAD
USDCAD closed @ 10630 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 Turning Bullish and the price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Turning Up while 10570 holds and Daily Trend is Sideways while 10405 holds, so expect the price to be Choppy with a Upside bias. The Price has closed exactly at the Sup Zone 1 and bears gave up mildly towards the close . The Hourly is in a Range trading but we believe the low may have been seen , the price should not trade below 10595-70 levels to maintain the bullish outlook. On the 5 min is choppy but along the Horizontal Channel and the price patterns suggesting higher on the break of 10690 provided the low 10615-10595 is not breached .
BULLS: 10615 10595 10520 BEARS: 10690 10740 10875
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG near 10615 with a tight stop with a 50 pips price target.
http://www.forexpros.com/education/precise-trader
