EUR/USD rebounded from the MA55 balance line during European session. You could open short trade and even protect your positions. The currency pair reversed during American session as investors moods have changed. We have seen the growth to continue today in the morning and the currency pair moved far away from the balance line.
There is no trend on the Weekly chart as the price is fluctuating around the MA55. We expect the growth to the trendline with further breakthrough.
The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading as the price is far from the balance line.
GBP/USD approached the upper trendline during European session and offered an opportunity to open short trades. The currency pair moved downwards then allowing you to take about 500 points. It was enough also to protect your trades and take some profit. Today GPB/USD is ready to change its mood and to go upwards. If this happens, you may try long trades. In order to do this, wait until GBP/USD crosses 1,31000.
The downtrend is still in progress on the Weekly chart as the price is below the MA55. There was some attempts to grow last week. However, the Bank of England MPC’s decision along with stronger than expected US Labor Market data supported Bears and those attempts were broken.
There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We advise to open long trades only if the price breaks through 1,31000.
AUD/USD resumed growing, supported by “Allied” currency pairs. Yesterday the currency pair touched new month’s highs. Short trades orders failed to execute. Today we recommend trying to open long trades.
The uptrend is still in progress on the Weekly chart as the price is above the MA55. AUD/USD had some difficulties previously in moving upwards. However, it closed last week in a positive area. We expect this dynamics to continue this week.
The uptrend I clearly seen on the Hourly chart as well as the MA-channel looks upwards and the price is above the MA55. We advise to enter long trades from the MA55 balance line
USD/CHF reached back the balance line at night only. There was no sense to enter any position. Today the current tendency may probably change, although there is the breakthrough of the trendline, confirming that the trend is already changed. We advise to open short trades today.
There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD may resume its growth and we recommend opening long trades.
There is no trend on the Hourly chart as well as the MA-channel is horizontal and the price is below the MA55. You may try short trades from the MA55 area.