EUR/USD approached to the upper side of the channel, made by two trend lines and then broke it through. The price may go back to the channel. In this case short trades are possible. However, at the moment long trades are preferable when the price goes back to the MA55 without entering the above mentioned channel.
The Weekly chart shows the downtrend as the price is below the MA55. EUR/USD resides below the trendline and closed there, marking the breakthrough.
As for the Hourly chart we may see the uptrend there as the MA-Channel goes upwards and the price is above the MA55. Today you may try long trades from the MA55 area if EUR/USD stays above 1,1100. If it goes below the mentioned level and fixes there, you may try short trades.
A correction in GBP/USD resulted in the uptrend. However, there is still high volatility which makes you to place wide stops. The MA-channel stabilise and gives adequate data. The price got close to the trendline yesterday. It may resume the downtrend from there.
The Weekly chart shows the downtrend as the price is below the MA55. This downtrend was confirmed due to the results of the “Brexit” Referendum.
As for the Hourly chart, we may see the uptrend there as the MA-channel goes upwards and the price is above the MA55. We recommend staying off the market because of high volatility.
AUD/USD made a burst in the other side. However, there was no breakthrough and short trades should not be executed. If you tried sells from the MA55, you had close stops.
The Weekly chart shows the uptrend as the price is above the MA55. AUD/USD holds above the curve regardless the results of the “Brexit” Referendum. However, the Weekly Doji indicates the probability of trend reversal.
The Hourly chart shows the uptrend as the price is above the MA55 and the MA-channel looks upwards. The price is close to the upper side of the channel and we advise to avoid trading because of high risks.
USD/CHF long trades gave no result and you may fix them as they are. The rally is too slow as we have mentioned previously. Yesterday’s US data met the expectations and did not cause any reaction. USD/CHF traded in flat for the whole day. Today we expect KOF indicator (Swiss data indicating the current state of economics). Experts expect no serious changes in this data.
The Weekly chart shows no trend as the price is close to the MA55. There is a possibility of a rally because of the results of the “Brexit” Referendum.
The Hourly chart shows the uptrend as the price is close to the MA55 and the MA-channel looks upwards. We advise to avoid trading as current situation is controversial.