US Presidential Campaign came to an end and the market situation stabilises step-by-step. The currency pair goes back to the downtrend and we advise to search for short trades when the price reaches the balance line. Today it is worth paying attention to US Unemployment Claims data. However, expected figure is close to the previous meaning and we expect no serious impact of this statistics on the currency pair.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair almost reached its target at 1,11500 last week. We expect fundamental factors to influence fluctuations in the nearest future.
The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the Moving Average with period 55. We advise to avoid trading before the price is back to this MA55 balance line. There will be opportunities for selling from the curve.
The currency pair had almost no sharp momentum during the US presidential elections. GBP/USD is trading without any direction at the moment. It is better to wait until a clear bias establishes. We think that the currency pair looks downwards but we give no recommendations at the moment as there is no trend and the situation is still disputable.
There is the downtrend on the on the Weekly chart as the price is below the MA55 balance line. The currency pair was growing last week due to fundamental factors. US Presidential Campaign is done already with Donald Trump to win. There is a probability of further USD growth in the nearest future.
There is no trend on the Hourly chart as the Ma-channel is horizontal and the price is close to the MA55 balance line. We advise to monitor the situation and avoid trading as there is no clear direction of fluctuations.
The currency pair stabilises after sharp fluctuations. There is a clear downtrend as we can see it on the chart. The trendline was broken through and the probability of further decline is still very high. You may try to search for entry points in order to open positions around this area.
There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The situation is disputable and we advise to avoid taking any decisions. However, we still believe that the currency pair is able to reach 0,71800.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 0,7670-7680 area. Place stop losses above the MA55 balance line.
The currency pair rallied in both directions during the US Presidential elections. USD/CHF broke through the trendline yesterday and went upwards. The Ma-channel indicates on the uptrend as well. However, the price is close to the upper side of the Ma-channel and we give no recommendations in this situation.
There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair was trading with a downside bias last week according to our expectations. However, it is hard to predict a trend this week as USD/CHF is under the impact of fundamental factors.
There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. You may try long trades with low volumes from the broken through trendline. Place stop losses below this line.