EUR/USD was in flat yesterday and had a considerable growth today in the morning during Asian session. We advise to observe the market until euro-dollar chooses a direction as there is a neutral trend on the Hourly chart at the moment.
The Weekly chart shows the downtrend as the price is below the MA55. EUR/USD continues to fall in full compliance with technical analysis.
As for the Hourly chart, there is no trend here as we have previously mentioned. The MA-channel goes with no direction, although the price is below the MA55. We expect downtrend to take place in the nearest future. You may try short trades from the trendline on the Hourly chart. Stops may be placed above this line.
GBP/USD fluctuated in both directions yesterday. Today we advise to pay attention at the speech of the Head of BA Mark Carney. Market participants will surely follow both speeches and hints before the MPC meeting which will be held on Thursday. It is important to remember that Mark Carney had several times underlined the probability of further monetary policy easing.
There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD continues to slide down because of the results of the “Brexit” Referendum. The downtrend is confirmed.
As for the Hourly chart, there is the uptrend here as the MA-channel turns upwards and the price is above the MA55. It is better to avoid trading as the price is close to the upper side of the MA-channel.
The probability of growth towards the trendline on the Weekly chart is still actual. We recommend opening short trades from the trendline if the price bounces off it.
There is still the uptrend on the Weekly chart as the price is above the MA55. We expect further growth towards the trendline. If AUD/USD reaches it, there may be a rebound.
As for the Hourly chart, there is the uptrend as the MA-channel looks upwards and the price is above the MA55. We advise to “catch” the price near the trendline and to open short trades, placing stops above this line.
USD/CHF was in a tight range yesterday and almost reached the descending trendline on the Houtry chart. Today we expect the breakthrough of this line that will confirm the uptrend.
There is the uptrend on the Weekly chart as the price is above the MA55. This upside tendency is still weak and requires confirmation.
AS for the Hourly chart, we can see the uptrend here as well as the price is above the MA55 and the MA-channel looks upwards. We recommend opening long trades from the MA55. Stops should be placed below the MA55. The targets are 400-800 points higher.