NZDUSD
NZDUSD closed @ 7135 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Zone 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 Limited Up while 7065 holds and Daily Trend is also Limited Up while 6970 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious. The Daily Trend was within the Prior two Day's Range but the Bulls gained aggressively towards the Close . The Hourly Trend has been in a Range Trading with a Limited Upside Bias, 7095-65 are the Critical levels to watch to maintain the Bullish Outlook . On the 5 min is along the Horizontal Channel and the Patterns are suggesting a Choppy Session until there is a Clear Break. The Opening Price Principles are Mixed , so Cautious approach is needed until the price breaks out of Zone 1 levels.
BULLS: 7090 7025 6955 BEARS: 7165 7230 7285
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
USDSGD
USDSGD closed @ 13875 which was ABOVE the open and breached the previous day's high. The High was 25 pips from Precise Trader's Hrly Level and the Low was 20 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Limited Up while 13795 holds and Daily Trend is Sideways while 14030 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious. The Daily Trend breached the Prior Day's High but the Bulls gave up most of their gains towards the Close . The Hourly Trend has been in a Range Trading with a Limited Downside, 13820-13795 are the Critical levels to watch to maintain the Bullish Outlook . On the 5 min is along the Horizontal Channel and the Patterns are suggesting a Choppy Session until there is a Clear Break. The Opening Price Principles are Mixed , so Cautious approach is needed until the price breaks out of Zone 1 levels.
BULLS: 13840 13795 13735 BEARS: 13915 13975 14035
