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[Adamant Finance]

Technical Outlook July 20, 2017

EURUSD

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The currency pair was in correction on Wednesday as market participants are waiting for the results of the European Central Bank meeting, which is to take place today. Previous EUR/USD’s growth was due to the expectations that the ECB is going to announce stimulus tightening. We think that it is better to do nothing before the end of the ECB’s meeting.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week. We think that EUR/USD is likely to develop its upside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today before the release of the results of the European Central Bank’s meeting.

GBPUSD

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The currency pair was trading in a tight range on Wednesday and changed its tendency. There is important UK Retail Sales data on the way, which may have impact on GBP/USD for today. Bloomberg experts expect huge Retail Sales growth and if those forecasts fail to meet investors expectations, the currency pair is likely to develop its decline in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

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 the MA55 balance line. Place stop losses above the indicator or above 1,30600.

AUDUSD

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The currency pair continued its upside tendency but the trend loses strength and we think AUD/USD is likely to reverse its tendency in the nearest future. However, the currency pair is still able to reach 0,80000. AUD/USD reached new weekly lows after today’s Australian Labor Market data and reached 0,79865. We think that this level will be the highest for this week.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair was trading in a tight range yesterday. There was no opportunity to open short trades according to our recommendations. The price failed to reach the entry point. We think that it is a good idea to look for short trades today, but the risks are high as there is a reverse pattern. However, we think it is better to try to sell according to the current tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a tight range according to our expectations. We think that USD/CHF is likely to develop its decline in the next couple of days.

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 the MA55 balance line. Place stop losses above the indicator. The trade is of high risks.


Gold and Silver Technical Outlook July 20, 2017

GOLD (XAUUSD)

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Gold moved higher from the MA55 balance line according to our expectations. There was a chance to buy from there. The eventual profit was about 7500 pips and you had an opportunity to take profit. We think that XAU/USD is likely to reverse its tendency if there is nothing unexpected.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had a significant growth last week because of worse than expected US inflation data. We think that XAU/USD is likely to develop its moderate upside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver offered opportunities to open long trades according to our recommendations from the MA55 balance line and there was a chance to take about 15 pips. It was enough as protect trades or to fix them. We can see that the upside tendency is going to slow down and the price is building a reverse pattern.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading with some growth last week according to our expectations. We think that XAG/USD is likely to develop its upside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook July 21, 2017

EURUSD

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The currency pair had a sharp growth yesterday after the European Central Bank meeting results as the President of this body announced that the ECB is going to consider the probability of monetary policy tightening on Autumn. There is a clear hint on the interest rates growth or on stimulus tightening. There was a rally yesterday and the price is close to the upper border of the MA-channel today. It is better to do nothing at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics met our expectations last week as EUR/USD grew on Friday. We think that the currency pair is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair declined despite the better than expected UK Retail Sales data. There was no opportunity to sell according to our recommendations as the price failed to reach the MA55 balance line. The currency pair’s decline is due probably to the negative tendencies in the Brexit negotiations between the United Kingdom and the European Union.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that GBP/USD is likely to develop its growth in the next couple of days.

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 the MA55 balance line. Place stop losses above the indicator.

AUDUSD

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The currency pair had another upside momentum towards the weekly highs but failed to establish new ones. We think that 0,79865 level will be the highest for this week. It is time to look for short trades. The currency pair started its decline since the beginning of the Asian session and is still declining without any stops. The MA-channel still looks upwards and it is risky to open positions in this situation. However, you can try to sell from the trend line on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair had some expected growth last week. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair was trading with high volatility yesterday. There was an opportunity to open short trades according to our recommendations and the position was closed by stop loss. We had previously noticed that those trades were of high risks. There is no important data today and we think that USD/CHF is likely to fluctuate in a limited range supporting Bearish moods.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading is a tight range last week. We think that USD/CHF is likely to develop its decline in the next couple of days.

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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 21, 2017

GOLD (XAUUSD)

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Gold failed to develop its reverse after the announcements and hints of the European Central Bank’s President. He said that the ECB is going to treat the probability of monetary policy tightening on Autumn. There is no important data today and we think the price is likely to develop its moderate growth or to start a correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had a considerable growth last week due to the worth than expected US CPI and Retail Sales data. We think that XAU/USD is likely to develop its upside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading as the situation is unclear.

SILVER (XAGUSD)

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Silver has broken its reverse pattern and moved higher after the release of the results of the European Central Bank meeting. The technical image is unclear but we think that this growth will be short. There is no important data today and the price is able to develop its moderate growth or to start a correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a growth last week according to our expectations. We think that XAG/USD is likely to develop its upside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook July 24, 2017

EURUSD

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The currency pair continued to be trading close to the upper side of the MA-channel. There were no opportunities to open any trades in those conditions. The [rice is still close to the upper side of the MA-channel and we give no recommendations for today. There are some important events and data releases this week and the main is the Federal Open Market Committee meeting, which takes place on July 25-26.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics met our expectations last week. We think that the currency pair is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair offered chances to open short trades from the MA55 balance line according to our recommendations. There were two options, the price could be stopped by stop loss or you could earn about 400 pips as the reward for your patience and risks. There is one main statistics release this week – UK Prelim GDP data q/q. We think that the currency pair is likely to change its tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair corrected last week before the probable development of the upside tendency. We think that GBP/USD is likely to resume its growth in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair failed to reach the trend line on Friday and there was no opportunity to open short trades. The tendency on the Hourly chart still looks downwards and we think it is a good idea to try selling from the trend line. Stop loss should be around 100pips from the strike price.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week. We think that AUD/USD is likely to develop its downside correction in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the trend line today. Place stop losses above the line.

USDCHF

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The currency pair continued to develop its downside tendency on Friday after a long period of range fluctuations. USD/CHF was in a tight flat for two week in a row. We think that the price is likely to return to the MA55 balance line. In this case, you can try to sell tomorrow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 24, 2017

GOLD (XAUUSD)

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Golf continued its growth on Friday despite the fact that there was no important data released. We think that XAU/USD is likely to develop its upside tendency in the nearest future as the most important event of the week – the Federal Open Market Committee meeting will not bring anything new. We expect the price to start a correction today after Friday’s growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued to grow last week according to our expectations. We think that XAU/USD is likely to develop its upside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver crossed the trend line last week on the Weekly chart frustrating our expectations as we though, XAG/USD was going to make stop there. We think that this trend line is not actual anymore. XAG/USD is likely to correct Friday’s growth.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its upside dynamics last week according to our expectations. We think that XAG/USD is likely to resume its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook July 25, 2017

EURUSD

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The currency pair was in a correction yesterday and went below the MA55 balance line. The uptrend was stopped. We think that market participants are waiting for the results of the Federal Open Market Committee meeting which is planned for tomorrow. Another reason why Euro is under the pressure is weak Eurozone PMI data. We think that the currency pair is likely to develop its downside correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics met our expectations last week as EUR/USD developed its growth. We think that the currency pair is likely to continue its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair changed its tendency yesterday and moved higher according to our expectations. However, we think that this growth is nothing more than just a correction and it is better to be careful. The currency pair is able to reverse at any moment and to cover all this two days’ growth with one or two candlesticks. We advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week before the probable growth. We think that GBP/USD is likely to resume its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair has broken through the trend line on the Hourly chart and stop losses triggered. Our position closed with small losses. The currency pair is likely to be trading within a range on the eve of the Australian inflation data and forthcoming Reserve Bank of Australia head’s speech, which takes place on Wednesday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that AUD/USD is likely to start its downside correction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair is back towards the MA55 balance line according to our expectations. There is still the downtrend and we think it is time to look for short trades from the MA55 balance line or a bit higher. There is important Eurozone data on the way (German Ifo Business Climate), which is able to have considerable impact on the USD/CHF currency pair.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined according to our recommendations last week. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line or higher. Place stop losses at 0,95050.


Gold and Silver Technical Outlook July 25, 2017

GOLD (XAUUSD)

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Gold reached the new highs. We expected the price to start a correction, but XAG/USD frustrated our hopes. The price continues to push upwards as the market participants are looking forward to see the results of the Federal Open Market Committee meeting. There are also some inner issues in the United States that push USD lower. Anyway, the price is close to the MA55 balance line and we think it is a good place to look for long trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line, XAU/USD continued its upside dynamics last week according to our expectations. We think that Gold is likely to develop its moderate upside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses above the indicator.

SILVER (XAGUSD)

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Silver established new highs and confirmed its growth. We expected a correction but it didn’t happen. We think that the growth is going to be developed and we advise to look for long trades. The price is unlikely to make some significant moves before the end of the Federal Open Market Committee meeting, but some moderate tendencies may happen.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its upside tendency last week according to our expectations. We think that XAG/USD is likely to go upwards in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

 

[Adamant Finance]

Technical Outlook July 26, 2017

EURUSD

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The currency pair had some growth during the European session and then gave up all gained positions during the American session. Those fluctuations were due to the new healthcare law project hearings in Senate. Market participants were skeptic, but Republicans became more active. There is hope that this law will be adopted by US Senate. Trump’s positions in this case will become stronger and USD will get some more support. As for the events, today market participants are looking forward to see the results of the Federal Open Market Committee meeting.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week. We think that EUR/USD is likely to edvelop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to wait until the release of the results of the Federal Open Market Committee meeting.

GBPUSD

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The currency pair continues its upside tendency and there was an opportunity to earn on long trades from the MA55 balance line. We gave no recommendations as this upside dynamic was within a correction framework. We think that the currency pair is likely to reverse its tendency today after the Federal Open Market Committee meeting today. However, we do not expect Yellen or any other FOMC member to say something new as it’s been a while since her last speech. We advise also to pay attention to today’s UK Prelim GDP data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week before the eventual growth in the nearest future. We think that the currency pair is likely to resume its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open trades only after the Federal Open Market Committee meetings results release.

AUDUSD

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The currency pair started the day with a decline as the Australian inflation data was disappointing. Market participants are looking forward for the Reserve Bank of Australia head speech. However, we don’t think he is going to say something about monetary policy tightening. We think that it is better to look for short trades, besides the fact that there is no tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week according to our expectations. We think that AUD/USD is likely to develop its downside correction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator.

USDCHF

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The currency pair failed to decline after the German Ifo Business Climate data and our trades closed by stop losses. The price is moving towards the trend line on the Hourly chart and we think it is going to bounce off. We think that it is time to look for short trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to develop its decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the trendline on the Hourly chart. Place stop losses above the line.


Gold and Silver Technical Outlook July 26, 2017

GOLD (XAUUSD)

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Gold reverses its tendency today as the price is crossing the trend line. The MA-channel still looks upwards but we think it is time to look for short trades. Long trades were closed by stop losses. Tendency reverses as there are some positive aspects in the healthcare law debates in Senate. We think that this fact is going to support USD. The Federal Open Market Committee meeting is the main event for today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold developed its upside dynamics last week according to our expectations. We think that XAU/USD is likely to develop its moderate upside dynamics in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. WE advise to open short trades from the MA55 balance line area. Place stop losses above the indicator.

SILVER (XAGUSD)

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Silver prepares to reverse its tendency. Long trades was closed by stop losses. XAG/USD has crossed the trend line but there was no clear break through and we give no recommendations. Today we advise to pay attention to the FOMC meeting.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its upside dynamics last week according to our expectations. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook July 27, 2017

EURUSD

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The currency pair had some growth yesterday after the release of the results of the Federal Open Market Committee meeting. There was no new hints on the probability of Interest Rates hike and we think the Fed is going to raise rates on December again. Fed members’ seem to have more important tasks than monetary policy tightening. There are US Durable Goods Orders today and Unemployment Claims statistics today. WE advise to pay attention to those figures.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week. We think that EUR/USD is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the price is close to the MA-channel.

GBPUSD

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The currency pair had some growth after the UK GDP q/q data, which met the investors expectations. Later, GBP/USD had some growth after the release of the results of the Federal Open Market Committee meeting. There are several US data releases today and we think that the price is going to “change its mood” during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week before the further growth. We think that GBP/USD is likely to resume its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The price is close to the upper side of the MA-channel and we advise to avoid trading today.

AUDUSD

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The currency pair declined in the first half of the day, offering no opportunities to execute short trades. Then the price went back towards the MA55 balance line. However, there was no sense to open trades as market participants waited for the results of the Federal Open Market Committee meeting. We recommended to act according to the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that AUD/USD is likely to develop its downside correction in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The price is close to the upper side of the MA-channel and we think it is better to do nothing today.

USDCHF

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The currency pair had a sharp upside burst after the release of the Federal Open Market Committee meeting results. However, right after this event, the price went downwards. Short trades from the MA55 balance line closed by stop losses. There is no opportunity to sell today as there is the uptrend currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to develop its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 27, 2017

GOLD (XAUUSD)

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Gold offered an opportunity to open short trades according to our recommendations and there was a chance to earn about 3 USD. However, we advised to avoid trading right on the eve of the Federal Open Market Committee meeting results. There were no new hints on the probability of Interest Rates hike and we think that the Fed is going to tighten its monetary policy by the end of the year again. We advise to pay attention to today’s US Durable Goods Orders and Unemployment Claims data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold developed its upside dynamics last week according to our expectations. We think that XAU/USD is likely to develop its moderate growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The price is far from the MA55 balance line and we advise to avoid trading today.

SILVER (XAGUSD)

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Silver is trying to reverse its current tendency but yesterday the price failed to go downwards due to the results of the Federal Open Market Committee meeting. The Fed did no hints on the probability of the Interest Rates hike. The FOMC members have also avoided to talk about the inflation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver develop its upside tendency last week according to our expectations. We think that XAG/USD is likely to continue its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The price is far from the MA55 balance line and we advise to avoid trading today.

 

[Adamant Finance]

Technical Outlook July 28, 2017

EURUSD

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The currency pair corrected yesterday after a sharp growth on Wednesday. The stronger than expected US data pushed EUR/USD even lower. The Durable Goods Orders was better than expected and gave some additional support to the USD. Today’s main event is the Preliminary US GDP data q/q. If this statistic is better than expected or meets investors forecasts, USD is likely to develop its growth.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and continued its growth. WE think that EUR/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades before the American session. Buy from the MA55 balance line. Place stop losses below the indicator.

GBPUSD

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The currency pair changed its moods during the American session after the better than expected US Durable Goods Orders data. We think that there is a probability of the volatility growth in the beginning of the American session as the important data is expected.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week according to our expectations. We think that GBP/USD is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades before the American session. Buy GBP/USD close to the MA55 balance line area. Place stop losses below the indicator.

AUDUSD

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The currency pair is trading within a tight range regardless the worse that expected producer inflation data from Australia. Today’s main statistic is the US Prelim GDP data. If it is better than expected or meet forecast, USD can go further upside pushing AUD/USD further downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a growth last week according to our expectations. We think that AUD/USD is likely to develop its downside correction in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades before the American session. Buy from the broken through trend line on the Hourly chart. Place stop losses below the line.

USDCHF

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The currency pair resumed its growth as USD has got some additional support yesterday. The currency pair uses all the opportunities to establish an upside tendency. Today market participants are waiting for the US Prelim GDP data q/q. If it is better than expected, USD/CHF is likely to develop its upside tendency in the second half of the day.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to develop its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 28, 2017

GOLD (XAUUSD)

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Gold was in consolidation yesterday after a sharp growth on Wednesday, but then it declined after the better than expected US Durable Goods Orders data. This statistic pushed XAU/USD lower. Today we advise to pay attention to the US Prelim GDP q/q data as it may have considerable impact on Gold. If it is better than expected or equal to the forecast, USD is likely to grow.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued to grow last week according to our expectations. WE thnk that Silver is likely to develop its moderate upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades before the American session. Buy from the MA55 balance line area. Place stop loses below the indicator.

SILVER (XAGUSD)

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Silver had a considerable decline after the US Durable Goods Orders data and reached the MA55 balance line. However, we still have an uptrend and we think it is a good idea to look for long trades today. Place orders from the trend line below the balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver continued its upside tendency last week according to our expectations. We think that XAG/USD is likely to develop its upside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades before the American session. Buy from the trend line on the Hourly chart. Place stop losses below the line.

 

[Adamant Finance]

Technical Outlook August 1, 2017

EURUSD

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The currency pair continues its growth as the Eurozone data is better than expected and there are some problems in the inner US political environment. The US political situation is able to influence the US economic environment. Federal Reserve Interest Rates hike expectations for 2017 are at their lows. We think EUR/USD is likely to have a moderate correction today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week according to our expectations. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

GBPUSD

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The currency pair established new highs from September 2016. We think that GBP/USD is likely to resume its growth after a moderate correction which is expected to start today. We advise to look for long trades after the correction is done. Market participants are likely to pay attention to today’s UK Construction PMI data. There is also important US consumer data today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its upside tendency last week according to our expectations. We think that GBP/USD is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

AUDUSD

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The currency pair had some growth today during the Asian session as market participants were waiting for the Reserve Bank of Australia meeting results but then AUD/USD declined. We think that this short downside tendency was due to the neutral rhetoric of the RBA head. However, USD is under pressure at the moment and the currency pair is able to develop its upside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair declined yesterday and shows no signs for further CHF growth despite the fact that EUR is growing. USD/CHF is trading on its own and we think it is a good idea to do nothing at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF had a sharp growth last week frustrating market participants’ expectations. We think that the currency pair is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 1, 2017

GOLD (XAUUSD)

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Gold failed to offer an opportunity to open long trades according to our recommendations as the price was far from the MA55 balance line. However, we think that XAU/USD is likely to develop its growth today. We advise to try to buy from the MA13, but those trades will be of high risks.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its upside tendency last week according to our expectations. We think that Gold is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA13 area. Place stop losses below the indicator.

SILVER (XAGUSD)

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Silver approached the MA55 balance line and there was an opportunity to open long trades. You could have 15 pips as profit and it was enough to protect trades and to fix your positions partially. WE think that it is a good idea to hold the rest of your trades until the price reaches 16,95 level.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its upside tendency last week according to our expectations. We think that XAG/USD is likely to continue its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to hold long trades from the MA55 balance line. However, there is no sense to open new trades today.

 

[Adamant Finance]

Technical Outlook August 2, 2017

EURUSD

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The currency pair had an expected correction yesterday but failed to resume its growth. The price declined towards the MA55 balance line and there was an opportunity to buy. We advise to pay attention to today’s ADP Non Farm Employment change data. We think that the number of employed people is going to increase. It is better to open trades during the Asian or European session in order to protect your positions before the American session. Otherwise you can open positions after the release of the ADP data release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations and continued its growth according to our expectations. We think that the currency pair is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

GBPUSD

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The currency pair had a correction towards the MA55 balance line. There was no growth yesterday, but we think GBP/USD is likely to resume its upside tendency today. There is a probability that USD is going to develop its decline as the US FED Rates hike expectations are low at the moment. We think that it is a good idea to look for long trades today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. WE think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

AUDUSD

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The currency pair can’t hold above the 0,80000 level. We think that this level is psychological one. Anyway, if USD is going to decline, the currency pair is able to establish new highs and go even higher. There is no trend currently and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair still can not decline. WE think that it may happen today after the EUR/USD growth. If USD/CHF fails to go downwards, we advise to do nothing. There is no trend currently and we recommend doing nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a sharp growth last week, surprising market participants. We think that USD/CHF is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 2, 2017

GOLD (XAUUSD)

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Gold offered an opportunity to open long trades according to our recommendations and this positions was closed with a small stop loss. Gold is trying to make a reverse, but we still expect XAU/USD to establish new weekly highs. However, if the price goes below Tuesday’s low, there is a probability that the upside tendency will be cancelled.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its moderate upside dynamics last week according to our expectations. We think that the price is able to go upwards in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver is forming a reverse as the price has broken through the trend line. This decline may be limited, but we think it is going to reach 16,20-16,40 levels. We advise to avoid trading today as there is no tendency currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its upside dynamics last week according to our expectations. We think that XAG/USD is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook August 3, 2017

EURUSD

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The currency pair offered an opportunity to open long trades from the MA55 balance line area during the European session. The price rose for 900pips and you could fix your trades with profit. There are Eurozone Services PMI and Retail Sales data on the way. AS for the American statistic, we advise to pay attention to the Services ISM data as well. We think that there are no obstacles for the currency pair to develop its growth until 1,20500.

However, pay attention to the US data as it may slow down the upside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics met our expectations last week as EUR/USD developed its growth. We think that the currency pair is likely to continue its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel

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wards and the price is close to the MA55 balance line. WE advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

GBPUSD

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The currency pair offered opportunities to buy from the MA5 balance line area during the European session yesterday. There was however, no significant growth. You could protect your positions and even fix them partially. There is the Bank of England meeting on the way and this event is able to make some changes in the force ratio between the Bulls and the Bears.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair had a correction close to the MA55 balance line but there is still no tendency. Today AUD/USD declined during the Asian session and we think it is able to start a downside tendency. It is better to do nothing at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair failed to grow yesterday regardless the fact that EUR/USD had an upside tendency. Currency pairs are misbalanced as some central banks are changing or are going to change their monetary policies. Allied currencies are moving in the opposite directions. We think that it is better to do nothing in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a sharp growth last week surprising market participants. We think that USD/CHF is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 3, 2017

GOLD (XAUUSD)

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Gold continues to reverse its tendency. XAU/USD established new low yesterday and we think there will be no growth today. However, tomorrow the situation may change after the release of the most important US Labor Market and Average Earnings data. We advise to do nothing as there is no tendency currently.

There is no trend on the Weekly chart as the price is close to the mA55 balance line. Gold continued its moderate growth last week according to our expectations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the mA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver makes a reverse of its tendency aiming 16,20-16,40. We think it is a good idea to sell from the MA55 balance line. Target levels are mentioned above.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver continued its upside dynamics last week according to our expectations. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

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 the MA55 balance line. Place stop losses above the indicator.

 

[Adamant Finance]

Technical Outlook August 4, 2017

EURUSD

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The currency pair offered opportunities to open long trades from the MA55 balance line area. The price rose for 600pips and you could fix positions. As for the events, we advise to pay attention to today’s US Labor Market and Average Hourly Earnings data. The price is likely to be trading within a range on the eve of this release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that EUR/USD is likely to continue its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open trades after the release of the US Labor Market and Average Hourly Earnings data.

GBPUSD

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The currency pair declined sharply after the release of the results of the Bank of England meeting as the rhetoric was easier than expected. One of the Monetary Policy Committee member has changed his mind and voted for the low rates to remain. It is to mention that he has voted for the interest rates to be hiked previously. The results of the BoA meeting frustrated market participants expectations and they have started to sell GBP/USD. Today’s fluctuations will depend on the results of the US Labor Market and Average Hourly Earnings data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

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 avoid trading today as the situation is unclear.

AUDUSD

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The currency pair had an upside correction yesterday but the downtrend is already established. We think it is a good idea to look for short trades, but there is a very important US Labor Market and Average Hourly Earnings data today. We give no recommendations in the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair develop its growth last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair continues to be trading within a tight range and there is no clear tendency. We think that today’s US Labor Market and Average Hourly Earnings data is able to change the situation a bit. However, we give no recommendations at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a sharp growth last week, surprising market participants. We think that the currency pair is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 4, 2017

GOLD (XAUUSD)

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Gold grew yesterday frustrating our expectations and established a wide range. There is no tendency still and we give no recommendations. The main event for today is the US Labor Market and Average Hourly Earnings data. Some sharp price movement are likely after the release of his statistics.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold developed its moderate upside dynamics last week according to our expectations. We think that XAU/USD is likely to continue its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver went towards the MA55 balance line yesterday and there was an opportunity to sell from there according to our recommendations. The price is still out of the profit area, but it can go there. We advise to protect trades before the American statistics, placing stop losses at breakeven level. However, there is still no opportunities to do this. Let’s hope, the price will give this chance before the American session.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver develop its growth last week according to our expectations. We think that XAG/USD I likely to continue its growth in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to hold short trades.

 

[Adamant Finance]

Technical Outlook August 7, 2017

EURUSD

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The currency pair declined sharply on Friday after the US Labor Market and Average Hourly Earnings data. All those figures were better than expected and truly impressed market participants. The US Non-Farm Employment Change rose over 200 000, Unemployment Rate decreased and the Average Hourly Earnings data showed some impressive growth. Market participants changed their minds after those releases and they think that the Fed is likely to hike Interest Rates again this year. EUR/USD changed its current tendency and we think it is better to look for short trades from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and continued to grow. We think that EUR/USD is likely to decline after Friday’s US Labor Market and Average Hourly Earnings data.

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 the MA55 balance line. Place stop losses above the indicator.

GBPUSD

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The currency pair continues to decline for the second day in a row as there are many reasons for it. First, there was no hints on the probability of monetary policy tightening in the United Kingdom. Second, US Labor Market and Average Hourly Earnings data was better than expected. We think that is it better to look for short trades, but the price is far from the MA55 balance line. However, we think it is a good idea to sell from the trend line on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to start a correction in the next couple of days.

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 the MA55 balance line or from the trend line. Place stop losses above those indicators.

AUDUSD

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The currency pair is close to the MA55 balance line and we can state that there is the downtrend currently. This is a good idea to open short trades here. Friday’s data is favorable for Bears and we think that AUD/USD is likely to develop its downside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week according to our expectations. WE think that AUD/USD is likely to start its downside correction in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.

USDCHF

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The currency pair established an upside tendency after Friday’s US Labor Market and Average Hourly Earnings data. We think that is it time to look for long trades from the MA55 balance line as all the other allied currencies are now in a total correlation with USD/CHF.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week according to our expectations. WE think that USD/CHF is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses below the indicator.


Gold and Silver Technical Outlook August 7, 2017

GOLD (XAUUSD)

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Gold established a downside tendency after the better than expected US Labor Market and Average Hourly Earnings data. It is a good idea to look for short trades today. However, we can see a small correction currently, which prevents us from selling on the spot. We think that this correction is likely to stop here and XAU/USD is going to develop its further decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price reversed last week according to our expectations. We think that Gold is likely to develop its moderate downside dynamics in the next couple of days.

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 the trend line. Place stop losses above the 1261,0 level.

SILVER (XAGUSD)

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Silver went upwards on Friday and stop losses triggered. However, after the US Labor Market and Hourly Earnings data the price went downwards without us. It is risky to sell today as the price is close to the lower side of the MA-channel. We advise to do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its decline last week. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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 avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook August 8, 2017

EURUSD

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The currency pair failed to reach the MA5 balance line on Monday and there was no opportunity to open short trades according to our recommendations. However, EUR/USD is close to this balance line during the Asian session and you may try to sell. USD gave up its positions yesterday after the Federal Open Market Committee members’ comments, in which they underlined their doubts on the probability of inflation growth towards the target levels. There is no important data today and we advise to stick to the technical analysis.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according our expectations last week and developed its growth. We think that EUR/USD is likely to decline in the next couple of days as the US Labor Market and Average Hourly Earnings data was better than expected.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to sell from the MA55 balance line area. Place stop losses above the indicator.

GBPUSD

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The currency pair offered an opportunity to sell from the trend line on the Hourly chart and the price went downwards for 400pips. It was enough to protect trades and to take some profit. We think that it is a good idea to look for short positions from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to start its downside correction in the next couple of days.

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 the MA55 balance line area. Place stop losses above the indicator.

AUDUSD

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The currency pair offered an opportunity to sell from the MA55 balance line yesterday. The price declined for 350 pips after allowing to protect trades and to take profit partially. If you still have your positions open, we advise to hold them until the price reaches 0,78700 level.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week according to our expectations. WE think that AUD/USD is likely to start a downside correction in the next couple of days.

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 sell from the MA55 balance line area. Place stop losses above the indicator.

USDCHF

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The currency pair failed to reach the MA55 balance line and there was no a single chance to buy according to our recommendations. We think that there is such an opportunity today. As for the important data, we advise to pay attention to the Swiss Labor Market statistics, which, however is unlikely to make some noise.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week according to our recommendations. We think that USD/CHF is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.


Gold and Silver Technical Outlook August 8, 2017

GOLD (XAUUSD)

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Gold offered opportunity to open short trades from the trend line on the Hourly chart and the price went downwards for 2,5USD. There was a chance to protect trades but it was too early to fix positions. Later, those trades were closed as stop losses triggered. We think that it is a good idea to open short trades from the MA55 balance line again.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD reversed its tendency last week according to our expectations. We think that GOLD is likely to develop its decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We adivse to sell from the MA55 balance line area. Place stop losses above the indicator.

SILVER (XAGUSD)

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Silver moved to the new lows yesterday and then reversed upwards, going towards the MA55 balance line. We think that it is a good idea to look for short trades from the MA55 balance line or even higher as Silver still has some potential to grow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its decline last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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 the MA55 balance line or higher. Place stop losses 10 pips above you entering points.

 

[Adamant Finance]

Technical Outlook August 9, 2017

EURUSD

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The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. If you had placed your stop loss at a comfortable distance, you could have a significant profit as the currency pair reached Friday’s lows. I think EUR/USD is likely to start an upside correction today and tomorrow the currency pair is likely to offer another opportunity to sell from the trend line if nothing happens.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that EUR/USD is likely to decline in the next couple of days after Friday’s US Labor Market and Average Hourly Earnings data.

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 avoid trading today as the situation is unclear.

GBPUSD

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The currency pair reached the MA55 balance line area yesterday and there was opportunities to sell. If you had a chance to open positions, you cold have some serious profit. You can retry to open short trades from the MA55 balance line area today if this opportunity arises.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to start its downside correction in the next couple of days.

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 the MA55 balance line area.

AUDUSD

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The currency pair offered opportunity to sell from the MA55 balance line yesterday. If your stop loss was enough to hold a correction, you could have serious profit by now (about 400 pips, that price did yesterday). In addition, the currency pair reached 0,78700 level that I have mentioned yesterday as a target one. The price is far from the MA55 balance line today and I think it is better to pause trading for a while.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth according to our expectations. We think that AUD/USD is likely to start its downside correction in the next couple of days.

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 avoid trading today as the situation is unclear.

USDCHF

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The currency pair offered opportunities to sell from the MA55 balance line according to our expectations and the price moved for 500pips in the direction of our forecast. It was enough to take profit. USD/CHF declined sharply and is trading with no correlation to the allied currencies. It is better to do nothing in those conditions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumes its growth last week according to our expectations. We think that USD/CHF is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 9, 2017

GOLD (XAUUSD)

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There was an opportunity to sell yesterday from the MA55 balance line but stop losses triggered. Gold volatility grew yesterday during the American session after rough speeches, made by US and North Korea leaders. Donald Trump said that the United States are going to respond to all Korean threats. The situation is being seriously aggravated and XAU/USD reacts on it.

There is no trend on the Weekly chart and the price is close to the MA55 balance line. The price reversed last week according to our expectations. We think that Gold is likely to develop its moderate downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver offered opportunity to sell from above the MA55 balance line (from 16,40 level to be exact). The price went downwards for 15pips and you had a chance to protect your trades and even fix them partially. However, later the price went upwards. We advise to do nothing at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its decline last week according to our expectations. We think that XAG/USD is likely to develop its downside dynamics in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook August 10, 2017

EURUSD

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The currency pair corrected towards the MA55 balance line and the trend line on the Hourly chart as we had previously forecasted. We think it is a good idea to look for short trades today from those key indicators. We have seen some signs of this downside correction to come to an end and we advise to aim small targets around 300-500pips.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations and developed its growth. We think that EUR/USD is likely to decline in the next couple of days after Friday’s US Labor Market and Average Hourly Earnings data.

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 the MA55 balance line. Place stop losses above the indicator.

GBPUSD

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The currency pair approached the MA55 balance line and there were opportunities to open short trades according to our recommendations. The price went downwards after for 500pips and you could close your trades, fixing profit. We think that it is a good idea to try selling from the MA55 balance line. However, there are signs of future tendency reverse and we recommend doing nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to develop its downside correction in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair returned towards the MA55 balance line and we think it is time to look for short trades today. However, there are signs of tendency reverse and we think it is better to do nothing today. We give a recommendation with high risks as AUD/USD still has some potential and some space to develop its decline.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think AUD/USD is likely to start its downside correction in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. This trade is of high risk and we recommend aiming small targets.

USDCHF

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The currency pair developed its decline yesterday as Swiss Frank is used as a shelter. There are tensions between the United States and Northern Korea. We think that is it better doing nothing today as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week according to our expectations. We think that USD/CHF is likely to develop its upside tendency in the next couple of days.

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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 10, 2017

GOLD (XAUUSD)

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Gold continues to develop its upside tendency as the tension between the United States and Northern Korea grows. There is the uptrend currently. The trend line on the Hourly chart was broken out. The tendency is too strong and the price is far from the MA55 balance line. We give no recommendations in this situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold reversed its local tendency last week according to our expectations. WE think that XAU/USD is likely to develop its moderate decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver is building an upside tendency and we think it is time to look for long trades. The price is close to the upper side of the MA-channel and we give no recommendations. It is better to monitor the situation and wait for better signals to open positions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its downside tendency last week. We think that XAG/USD is likely to continue its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook August 11, 2017

EURUSD

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The currency pair declined yesterday after the Asian session according to our expectations. There was no sense to open trades during the American session as EUR/USD moved downwards for 500 pips during the day. The currency pair is trying to reverse its tendency currently as it has broken through the trend line. The main event for today is the US Inflation data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and developed its growth. We think that the currency pair is likely to decline in the next couple of days. The main reason for this is the Friday’s US Labor Market and Average Hourly Earnings data.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair is fluctuating within a tight range currently. We think that it is ready to make a reverse. However, everything will depend on today’s US Inflation data. We expect the US CPI data to be worse than forecasted. USD will be under pressure again in the case. Anyway, it is better to do nothing today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to develop its correction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair approached the MA55 balance line several times but it was difficult to open trades and to take profit. Anyway, if you managed to sell, you could close your trades at breakeven level. The Reserve Bank of Australia member commented the situation today during the Asian session. He said, that the high AUD price is negative for the Australian economic development.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that AUD/USD is likely to start its downside correction in the next couple of days.

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 avoid trading today as the situation is unclear.

USDCHF

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The currency pair developed its decline yesterday as the Swiss Franc is on demand because of the tensions between the United States and Nothern Korea. The leader of the Northern Korea announced again his wish to attack Guam island. We advise to do nothing today as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that USD/CHF is likely to continue its upside tendency in the next couple of days.

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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 11, 207

GOLD (XAUUSD)

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Gold continues to go upwards as tensions between the United States and Northern Korea continue to grow. The upside tendency is very strong and the price cannot reach the MA13 level. We give no recommendations. The US Inflation data is likely to influence price fluctuations today. Previous data was disappointing and we think that current figures will not surprise market participants.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold reversed downwards last week according to our expectations. We think that XAU/USD is likely to develop its downside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver is close to the upper side of the MA-channel and we give no recommendations in this situation. However, today there is an important release in the United States and we expect XAG/USD to develop its upside tendency. The geopolitical tensions still influence Silver’s fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its decline last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook August 14, 2017

EURUSD

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The currency pair resumed its growth towards the latest highs on Friday after disappointing US CPI data, released on Friday. US is under the pressure at the moment as the US Interest Rates hike expectations decreased. The Federal Open Market Committee member Kashkari said that the Fed can wait with Interest Rates hike until the inflation meets the target levels. We think that the currency pair is likely to develop its growth today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a short term correction last week and then EUR/USD resumed its growth. We think that the asset is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA13. Place stop losses below the indicator. The risks for those positions are very high.

GBPUSD

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The currency pair continues to be trading within a limited range but is able to develop a growth this week as it shows some signs of further upside tendency at the moment. There are many important releases in Great Britain this week and we expect the volatility to be high. We advise to avoid trading today as there is no clear tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did a correction last week according to our expectations. This downside move was shorter that we thought. We think that GBP/USD is likely to resume its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair started to change its tendency. As for the reasons, AUD/USD has broken out the trend line on the Hourly chart. There is still no upside tendency at the moment, but we think it is going to be established in the nearest future. We recommend buying from the MA55 balance line, but be careful as there is still no clear trend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to open long trades today from the MA55 balance line. Place stop losses below the indicator.

USDCHF

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The currency pair is likely to develop its downside tendency but tensions between the United States and the Northern Korea make the situation unclear. Market participants use Franc and Yen as the shelter and USD/CHF is moving with no correlation as compared to the other major currency pairs.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumed its growth last week according to our expectations. However, the upside tendency was not so strong as we thought. We suppose that USD/CHF is likely to continue its downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 14, 2017

GOLD (XAUUSD)

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Gold established new highs on Friday after the disappointing US inflation data. WE think that XAU/USD is likely to retreat towards the MA55 balance line today and then to resume its upside tendency. USD is under the pressure at the moment and Gold is able to develop its growth. There are also tensions between the United States and the Northern Korea, which give XAU/USD more support.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD failed to decline last week frustrating our expectations as the tensions between the United States and the Northern Korea grow. We think that XAU/USD is likely to develop its moderate upside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

SILVER (XAGUSD)

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Silver developed its correction on Friday and we think the precious metal is likely to resume its growth from the trend line on the Hourly chart. There are signs of a probable reverse and we think it is time to look for long trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to decline last week frustrating our expectations as the tensions between the United States and the Northern Korea grow.

We think that Silver is likely to develop its moderate upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the trend line on the Hourly chart. Place stop losses below the indicator.

 

[Adamant Finance]

Technical Outlook August 15, 2017

EURUSD

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The currency pair had a correction towards the MA55 balance line on Monday and even declined below the indicator. We think that there is a probability of a deeper correction and we expect EUR/USD to develop its decline today. Long trades, which were opened according to our recommendations, closed by small stop losses. The further EUR/USD’s dynamics depends on today’s US Retail sales data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a short correction last week and then resumed to grow. We think that EUR/USD is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair is still within a limited range as the market participants are waiting for the UK CPI data to be released. This event is able to increase volatility and give a direction to the currency pair. We give no recommendations today as there is no clear trend at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week. However, this decline was less than expected. We think that GBP/USD is likely to resume its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair offered an opportunity to open long trades from the MA55 balance line, but stop losses triggered. There is no tendency at the moment and the currency pair is neutral. However, the price is fluctuating in a wide range. We give no recommendations as there is no trend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to resume its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair has no correlation with the other majors and we think it is a good idea to wait and to monitor the situation. If the tensions between the United States and the Northern Korea quiet down, there will be opportunities to trade the currency pair. Anyway, the price is close to the MA55 balance line border and it is better to do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week. But it was not as active as we had expected. We think that USD/CHF is likely to resume its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 15, 2017

GOLD (XAUUSD)

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Gold failed to develop its growth yesterday and started a correction, changing its current tendency. Long trades from the MA55 balance line were closed with a stop loss. It is better to look for short trades today, but the price is far from the MA55 balance line. We advise to pay attention to today’s US Retail Sales data, which is able to increase volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decrease last week as there are tensions between the United States and the Northern Korea. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

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 the MA55 balance line. Place stop losses below the indicator.

SILVER (XAGUSD)

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Silver crossed the trend line and there is a probability of a reverse. Long trades, which were opened according to our recommendations, closed with small loss. The MA-channel is reversing as well but it is still neutral. The fact that Silver has broken through the trend line, says that the price is going to reverse anyway. We advise to try to sell after a correction towards the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week as the tensions between the United States and the Northern Korea grow. We think XAG/USD is likely to develop its moderate upside tendency in the next couple of days.

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 the MA55 balance line. Place stop losses above the indicator.

 

[Adamant Finance]

Technical Outlook August 16, 2017

EURUSD

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The currency pair develop is downside tendency yesterday as market participants were waiting for the US Retail Sales data. This statistics has shown the biggest yearly growth and inspired investors, giving support to USD. US Interest Rates hike odds increased up to 53% according to FedWatch Tool. We advise to pay attention to today’s Eurozone GDP data and US building sector statistics.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week and resumed its growth by Friday. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.

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 avoid trading today as the situation is unclear.

GBPUSD

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The currency pair declined sharply after a worse than expected UK CPI data. Inflation growth was even below the forecasts and the market reaction was appropriate. In addition, market participants expected the US Retail data to be better than forecasted. WE give no recommendations as the price is far from the balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week, which was smaller than expected. We think that GBP/USD is likely to resume its growth in the next couple of days.

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 avoid trading today as the situation is unclear.

AUDUSD

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The currency pair changed its direction again and no is going downwards. We think it is a good idea to look for short trades today from the MA55 balance line. Yesterday’s US data supported USD and we think the currency pair is likely to develop its downside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to resume its growth in the next couple of days.

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 the MA55 balance line area. Place stop losses above the indicator.

USDCHF

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The currency pair stopped its growth yesterday. The other assets were more active. We think that it is a good idea to look for long trades from the MA55 balance line today and if the growth continues, you can take about 500-770 pips.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its decline last week, but it was smaller than expected. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.


Gold and Silver Technical Outlook August 16, 2017

GOLD (XAUUSD)

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Gold failed to reach the MA55 balance line yesterday and developed its downside tendency. There was not a chance to open trades according to our recommendations. The US Retail Sales data favored further XAU/USD decline as this data was better than expected. The situation is rather the same today and we think it is a good idea to look for short trades from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week as the tensions between the United States and the Northern Korea continues to grow. We think that Gold is likely to develop its moderate upside dynamics.

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 the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)

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Silver failed to make a deep correction and there was no opportunity to open short trades according to our recommendations. The price is close to the lower side of the MA-channel and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week (as it was expected by us) due to the growth of tensions between the United States and the Northern Korea. We think that XAG/USD is likely to develop its moderate upside tendency.

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 the MA55 balance line area. Place stop losses above the indicator.

 

[Adamant Finance]

Technical Outlook August 17, 2017

EURUSD

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The currency pair continued its downside yesterday but then had a sharp growth during the American session after the latest Federal Open Market Committee meeting minutes’ release. It says that FOMC members have different views on the probability of further monetary policy decisions. The reason is the lower inflation rate, which does not meet Fed’s expectations. Some Federal Open Market Committee members suggest to wait until the inflation will grow higher. USD was under the pressure after those comments. We think it is a good idea to look for long trades as the trend line was broken through indicating on the tendency reverse.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a brief correction last week and then resumed its growth on Friday, after the US CPI data. We think that EUR/USD is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

GBPUSD

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The currency pair is close to the MA55 balance line today and there is an opportunity to sell, but the other currency pairs, which are allied to GBP/USD are changing their tendencies and the “cable” is able to follow them as well. In addition, yesterday’s UK Labor Market data was better than expected and we think it is a good support for the currency pair to resume its growth in the nearest future. We advise to pay attention to today’s UK Retail Sales data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that GBP/USD is likely to resume its growth in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair offered an opportunity to sell and those trades were closed by stop losses. The currency pair reversed its tendency upwards, but we can not give any recommendations as the price is close to the upper side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair offered opportunities to buy from the MA55 balance line and you could have 400pips as profit. It was enough to protect your trades and to fix your positions partially. USD/CHF is changing its tendency today but we can not give any recommendations as the price is close to the lower side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week but it was not as significant, as we had expected. We think that USD/CHF is likely to develop its decline in the next couple of days.

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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 17, 2017

GOLD (XAUUSD)

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Gold failed to reach the MA55 balance line yesterday before the Federal Open Market Committee meeting minutes release. After the event, there was no sense to open trades as USD was under the pressure. FOMC members have different views on the probability of further Interest Rates hike. Some of them suggest to wait more in order to see the inflation is truly speeds up. We think it is better to look for long trades when there is a clear upside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week as the tensions between the United States and the Northern Korea are growing. We think that the price is able to develop an upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver reversed its tendency sharply and the price is close to the upper side of the MA-channel at the moment. We give no recommendations in this situation. The FOMC meeting minutes changed market participants’ moods.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week. We think that XAG/USD is likely to develop its moderate upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook August 18, 2017

EURUSD

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The currency pair declined sharply after yesterday’s European Central Bank meeting minutes release as the ECB members are worried about EUR growth, which is able to prevent further Eurozone economic restore, as it is fragile now. Market participants were too active to sell EUR/USD. There was an opportunity to open short trades according to our recommendations. Those positions were closed by stop losses. We advise to avoid trading today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a short term correction last week and then resumed its growth. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair continued to be trading within a tight range yesterday without any clear direction. US Retail Sales data was better than forecasted and GBP/USD had an opportunity to go upwards, but it did not happened. There is no tendency at the moment and it is better to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week, but it was not as deep as we had previously expected. We think that GBP/USD is likely to resume its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair went towards the MA55 balance line and we think it is a good idea to look for long trades today. The price jumped off the trend line and it is a good sign for AUD/USD to resume its growth. We advise to have close targets as it is Friday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that GBP/USD is likely to resume its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

USDCHF

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The currency pair bounced off the MA55 balance line yesterday and there was an opportunity to sell from there, but we gave no recommendations. USD/CHF is close to the lower side of the MA-channel today, but we still can not give any recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF resumed its growth last week. However, this upside tendency was not as deep as we expected. We think that the currency pair is likely to develop its decline in the next couple of days.

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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 18, 2017

GOLD (XAUUSD)

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Gold established an upside tendency and we think it is a good idea to look for long trades from the MA55 balance line today, if the price reaches those levels. ECB members are worried about the EUR growth, which may prevent further Eurozone economic restore. This fact supported USD pushing EUR downwards. Gold was trading in a tight range. We think that XAU/USD is likely to develop its growth and we advise to try long trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline last week as the tensions between the United States and the Northern Korea continue to grow. We think that the price is able to continue its moderate upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA13 or MA55 balance line. Place stop losses below the indicators.

SILVER (XAGUSD)

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There are opportunities to open lone trades as Silver is in the uptrend at the moment. The price is close to the MA55 balance line and you can buy now. There are no signs of decline for XAG/USD.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week as tensions between the Northern Korea and the United States are growing. We think that Silver is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

 

[Adamant Finance]

Technical Outlook August 21, 2017

EURUSD

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The currency pair continues to fluctuate without any clear tendency. As for the Hourly chart, we see that there is a downside tendency as there is a trend line there and this line still holds the price. If we stick to this scenario, there is a probability of a deeper correction in the nearest future. Anyway, we advise to do nothing today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think that EUR/USD is likely to develop its correction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair continued to fluctuate in a small range as it did it last week. We think that GBP/USD is likely to develop its correction in the nearest future. There is no tendency at the moment and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week and we think it is going to develop its downside correction. GBP/USD is likely to develop its downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair went back towards the MA55 balance line. And there was an opportunity to open long trades from this indicator on Friday according to our recommendations. The price was in the profit area and you could take about 500 pips or protect your trades there. As we wrote on Friday, targets should be small. There is no trend currently and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that AUD/USD is likely to develop its downside correction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair had some significant growth on Friday and there is no tendency at the moment. We think that USD/CHF is likely to develop its upside tendency in the nearest future. We advise to do nothing today as there is no trend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week, but it was not as significant as we had expected. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 21, 2017

GOLD (XAUUSD)

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Gold offered an opportunity to open long trades from the MA13 according to our recommendations on Friday during the Asian session. The price was in the profit are, allowing to take about 13USD. XAU/USD declined then and we think that the precious metal is likely to change its tendency in the nearest future. We think it is a good idea to do nothing today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations and develop a downside correction. We think that XAU/USD is likely to continue its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver reached the MA55 balance line on Friday during the American session and there was an opportunity to open long trades according to our recommendations. The price was in the profit are and you could take 15 pips as profit. It was also enough to protect your trades. There is no tendency at the moment and it is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations as the precious metal started its correction. We think that XAG/USD is likely to develop its downside correction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook August 22, 2017

EURUSD

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The currency pair established an upside tendency and has broken through the trend line on the Hourly chart. We think that EUR/USD is likely to make a correction today and decline towards the MA55 balance line. There you can open long trades. As for the important data, we advise to pay attention to the German ZEW Economic Sentiment release, which is able to increase volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopper its growth last week and declined moderately, frustrating our expectations. We think that EUR/USD is likely to develop its downside correction in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

GBPUSD

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The currency pair is still trading within a small range without any clear direction. If we look at the Weekly chart, GBP/USD is likely to decline and then to resume its growth. However, we would like to see any signs of further fluctuations on the Hourly chart. We advise to do nothing today as the situation is unclear and there is no tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week, showing signs of further downside correction. We think that GBP/USD is likely to decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair tries to go upwards establishing new highs on the Hourly chart. However, those attempts are weak and there is no tendency at the moment. We think that today AUD/USD is likely to decline moderately. As for the current tendency, there is no trend and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that the currency pair is likely to develop its downside correction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair had some volatility growth yesterday, but there is still no tendency. We advise to do nothing today as the trend is neutral. We think that USD/CHF is likely to choose any direction in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week, but it was not as significant, as we had expected. We think that the currency pair is likely to develop its decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 22, 2017

GOLD (XAUUSD)

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Gold is still looking upwards but the price has difficulties to grow. This may lead to no trend situation or even reverse a tendency. Geopolitical tensions between the Northern Korea and the United States declined and they have still no influence on fluctuations. We advise to do nothing today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold Failed to decline last week frustrating our expectations and started a correction. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver was trading in a tight range yesterday. There are no important releases today and we think that it is better to stick to the technical analysis. There is no tendency currently and we advise to do nothing today as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. Precious metal started its downside correction. WE think that XAG/USD is likely to develop its downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

 

[Adamant Finance]

Technical Outlook August 23, 2017

EURUSD

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The currency pair is trading with no tendency at the moment. EUR/USD declined sharply yesterday after the worse than expected German ZEW Economic Sentiment data. If you opened Long trades from the MA55 balance line, they should be closed with a small loss. This week is very hard for trading as currencies are moving in both directions and market participants seem to have no idea what will be next. There is important Eurozone and US PMI data today, which may have significant impact on fluctuations. We see no tendency at the moment and we think it is a good idea to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think EUR/USD is likely to develop its downside correction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair reached new Weekly lows but this decline was moderate. GBP/USD may restore its positions. There is the downtrend currently but we have doubts that the currency pair is likely to develop its decline in the nearest future. However, we think that it is a good idea to try short trades with close targets.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week frustrating our expectations. It started to develop a downside correction instead. We think that GBP/USD is likely to decline moderately in the next couple of days.

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 the MA55 balance line. Place stop losses above the indicator.

AUDUSD

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The currency pair declined moderately according to our expectations. AUD/USD is fluctuating within a range, formed last Thursday. We think that the currency pair is likely to develop its decline. However, there is a probability of a growth as well within this range. It is better to do nothing today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that AUD/USD is likely to develop its downside correction is the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair established an upside tendency but we don’t think it is able to develop this trend in the nearest future. There is no clear USD tendency yet and there is a probability that the price is going to regain its previous positions. We think it is a good idea to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumed its growth last week. However, this upside tendency was weaker than expected. We think that USD/CHF is likely to develop its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 23, 2017

GOLD (XAUUSD)

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Gold changed its tendency on neutral according to our expectations. The price is likely to break through 1282,00 level targeting 1274. This scenario is likely to be developed this week even. We think that there is an opportunity to open short trades today. But those positions are risky.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations. XAU/USD started a correction instead. We think that Gold is likely to develop a downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator. Those trades are risky.

SILVER (XAGUSD)

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Silver still trading within a tight range. We have told yesterday that due to the lack of important date, there was no significant moves on Tuesday. There is no trend currently and it is better to avoid doing anything today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. XAG/USD started a correction instead. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.