MoneyOnComputer

[Adamant Finance]

Technical Outlook January 12, 2017




EUR/USD





The currency pair continues to be trading in both directions within a wide range. Today there is a chance that EUR/USD is going to move upwards after yesterday’s new US President Trump speech. However, his words did not meet expectations of market players.

USD was under pressure. Market participants expected Donald Trump to uncover some information about fiscal and budget stimulus.

Nevertheless Trump avoided to talk about those aspects. We think that the currency pair is going to continue its growth.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think it is going to move in the same direction 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 still unclear.



GBP/USD





The currency pair gave an opportunity to open short trades according to our recommendations. There was an opportunity to sell from 1,21650 and the price was in the profit area for about 1200 pips. You had a chance to take profit or to protect your trades.

New Us President’s speech did not meet the expectations of the market and USD was under the pressure. We think that today the currency pair is going to continue its growth as there was a change in a tendency yesterday.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. There was no tendency last week and we think this neutral trend is going to dominate 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 curve.



AUD/USD





The currency pair offered an opportunity to open long trades according to our recommendations from the MA55 balance line or from the trendline. The price went upwards for about 1000 pips without any correction and there was an opportunity to take profit or to protect your trades. We think that today AUD/USD is going to continue its growth but we give no recommendations as the price is close to the upper 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 had an upside correction last week. We expect that it is going to go in the upside direction 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 still unclear. It is risky to buy close to the upper side of the MA-channel.



USD/CHF





The currency pair has still no clear bias but we think it is going to move downside today. Yesterday US President’s speech exert pressure on USD and we think that the US dollar is going to lose positions today as well. We still give no recommendations 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 left 1,03000 area last week and we think it is going to be trading below this area 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 as the situation is still unclear.







Gold and Silver Technical Outlook January 12, 2017




GOLD (XAUUSD)





There was no opportunity to open long trades from the MA55 balance line during European session yesterday and there was no sense to open trades right before Trump speech as you had no chance to protect those positions. Market participants are waiting for further news concerning the economic growth in the United States. However, US President avoided this subject in his comments. USD lost some positions yesterday. We think that this dynamics may continue today but we give no recommendations as the price is far from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We had a correctional growth last week and we think it is going to continue 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 still unclear.



SILVER (XAGUSD)





There was no opportunity to open trades before the American session as well. You may try to open long trades from the trendline as the price is close to the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correctional growth last week and we think it is going to continue 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. You may try to open long trades from the trendline. Place stop losses below this line.

[Adamant Finance]

Technical Outlook January 13, 2017




EUR/USD





The currency pair moved upwards yesterday and we can see that there is an upside tendency at the moment. However, we have noticed that market participants are fixing their positions on the eve of the important US data (PPI and Retail Sales). Experts forecast significant growth of both macroeconomic indicators. This data is likely to support USD and we can see at the moment that US dollar is gaining strength. Prelim UoM Consumer sentiment, which is to be released today, is also worth attention.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think it is going to be trading with the upside bias in the nearest future.

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 still unclear. There are several important events today which may significantly influence fluctuations.



GBP/USD





The currency pair offered no opportunity to open long trades from the MA55 balance line. The price went towards the Moving Average this morning only. There was a sharp decline of the currency pair yesterday during the American session and we think this tendency is going to continue. Upside trend is slowing down and becomes neutral. Wait for today’s US data before taking any further steps.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no tendency last week and we think that this neutral tendency is going to continue.

The currency pair is in the neutral position 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 still unclear.



AUD/USD





The currency pair is in the strong uptrend and there are almost no corrections. It is hard to open trades in this situation.

Today’s US data (which is likely to be better according to forecasts) may support USD and provoke a huge US dollar upside tendency. In this case AUD/USD is likely to go on correction that may target the trendline on the Hourly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think it is going to move upwards in the nearest future.

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 especially on the eve of the important US data.



USD/CHF





The currency pair was in a strong downside tendency yesterday and is able to continue this trend today. We advise to avoid trading EUR/USD but we think it is time to trade USD/CHF as the downside tendency may continue if the US data is going to be worse than expected.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair left 1,03000 level last week and we think it is going to be trading below this level in the nearest future.

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 open short trades from the Ma55 balance line. Place stop losses above the Moving Average. However, be careful as there is important US data today which may significantly influence fluctuations.






Gold and Silver Technical Outlook January 13, 2017




GOLD (XAUUSD)





Gold established new weekly highs but there was no opportunity to open trades. The price was far from the balance line. It is to mention that the price moved downwards sharply yesterday during the American session. Market participants were fixing their long positions. It is not suitable for further growth and today’s US Retail Sales and PPI data may completely change the situation.

Experts expect those figures to be better than previous ones and this may push USD higher. It is risky to open trades in this environment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction last week and we think XAU/USD is going to grow in the nearest future.

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 still unclear.



SILVER (XAGUSD)





There was no opportunity to open trades from the tendline and the price approached to this line today in the morning. However, we see some signs of further reverse and the trendline may be broken through today. We advise to open trades if only the price breaks through the trendline with low volumes.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen some correctional growth last week and we think it is going to continue in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You may try short trades if the price breaks through the trendline. Place stop losses above the line.

[Adamant Finance]

Technical Outlook January 16, 2017




EUR/USD





The currency pair declined on Friday a little after the US data which did not meet the expectations but was not weak to push USD further downwards. We think that this week the price is going to stabilize close to the current levels. We think that EUR/USD is going to be trading within a range 1,0510-1,0650. There is a holiday in the United States today and we think that market activity is going to be lower.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction last week and we expect that it is going to slow down 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 below the Moving Average 55. We think that there is a probability of a reverse and the currency pair is going to be in a neutral position. We give no recommendations as the situation remains unclear.



GBP/USD





The currency pair started this week with a small downside gap. Experts think that this price gap is due to the upcoming UK Prime minister Theresa May speech on Brexit. The price is out of the MA-channel and we give no recommendations in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no tendency last week and we think the currency pair is going to decline in the next couple of days due to the price gap.

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 still unclear.



AUD/USD





The currency pair was trading on Friday within a limited range and there was no impulse to decline as the US data was mixed. We do not expect any activity on today as there is a hoiday in the United States and the volumes will be lower than usual. We give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its upside correction last week, but we expect AUD/USD to slow down 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 Moving Average 55. We advise to avoid trading today as the situation is still unclear.



USD/CHF





The currency pair corrected towards the Moving Average 55 and allowed to open short trades. Those positions resulted in 400 pips profit. It was enough for Friday as it was the end of the week. We think that today fluctuations are going to be limited due to the United States holiday and low volumes.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined this week according to our expectations. We think that the currency pair is going to slow down its decline this week as it is close to a strong support level.

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 still unclear.







Gold and Silver Technical Outlook January 16, 2017




GOLD (XAUUSD)





Gold reacted on the US data with a slow decline but restored quickly. The US data was mixed and it was not as weak as it could be. It is to say that this statistics was neutral and gave some support to USD. Today’s dynamics is expected to be limited due to the holidays in the United States.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The was some correctional growth last week and we think XAU/USD is going 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 Moving Average 55. We advise to open long trades from the trendline on the Hourly chart (if the price goes back there). Place stop losses below the line.



SILVER (XAGUSD)





Silver was in a neutral trend on Friday without significant fluctuations. There was a fake breakthrough of the trendline and you had an opportunity to open short trades with close stop losses which triggered later. We think that today’s trading dynamics will be limited as there is a holiday in the United States and the volumes will be low.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. There was a correctional growth last week according to our expectations. We think that the upside tendency is going to continue in the next couple of days. However, it may be slower than previously.

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 trendline on the Hourly chart if the price goes back there. . Place stop losses below the line.

[Adamant Finance]

Technical Outlook January 17, 2017




EUR/USD





The currency pair reversed yesterday but today it is trading in a neutral position again. We advise to pay attention to today’s data from Europe as it may influence fluctuations. Market participants will pay attention to this data. On the other hand, we advise to pay attention to the US FOMC members’ comments during the American session. If they are going to be hawkish, they may provoke significant moves.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction last week and we expect EUR/USD to slow down 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 Moving Average 55. We think that the tendency is going to be neutral today and we advise to avoid trading as the situations is still unclear.



GBP/USD





The currency pair was trading within a limited range due to the US holiday yesterday. We think that GBP/USD is going to grow today towards 1,21000 and then it is going to resume its decline with a high probability. We advise to pay attention to today’s UK Prime Minister Theresa May speech as the currency pair started this week with a gap.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no tendency last week. We think that the currency pair is going to decline in the next couple of days due to this downside gap.

The currency pair is in 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 1,21000-1,21200.



AUD/USD





The currency pair was in a flat yesterday due to the US holiday and low volumes during the American session. We think that today fluctuations are going to stabilize and there is a probability of some growth. The currency pair tried to grow during the Asian session and it is too late to open long trades at the moment. AUD/USD is in the neutral trend which is also a negative factor for trading.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its upside correction last week but we think it is going to slow down 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 still unclear.



USD/CHF





The currency pair was trading within a range because of US holidays yesterday. However, USD/CHF is declining at the moment without any clear tendency. We think that the currency pair is going to establish a tendency today and there will be an opportunity to open trades tomorrow.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is going to slow down its downside tendency in the next couple of days. The currency pair is close to a strong support level.

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 still unclear.







Gold and Silver Technical Outlook January 17, 2017




GOLD (XAUUSD)





Gold was trading within a limited range due to the US holidays yesterday. We think that dynamics is going to restore today. There was no opportunity to open long trades as the price was far from the trend line. There is still neutral trend and we expect XAU/USD to establish a tendency today. There are clear signs that Gold is going to continue its uptrend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a correctional growth last week and we think it is going to continue its growth in the next couple of days.

There is the downtrend on the Weekly chart as the price is below the Moving Average 55. We have seen a correctional growth last week and we expect XAU/USD 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 above the MA55 balance line. WE advise to open long trades from the trendline on the Hourly chart if the price goes back there. Place stop losses below the line.



SILVER (XAGUSD)





Silver was trading within a limited range yesterday due to the US holiday. There was no opportunity to open long trades as the price did not reach the trendline. There is no clear tendency and we think that XAG/USD is going to establish a trend today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD had a correctional growth according to our expectations. We think that this growth is going to continue.

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 trendline on the Hourly chart is the price goes back there. Place stop losses below the line.

[Adamant Finance]

Technical Outlook January 18, 2017




EUR/USD





The currency pair had a growth yesterday in the first half of a day. ZEW Economic sentiment data was better than previous one. This data gave significant support to the currency pair during the Asian sessions. EUR/USD established an upside tendency. We advise to pay attention to today’s US and Eurozone CPI statistics which may influence fluctuations during the day.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction last week and we think it is going to slow down its growth on 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 currency pair is close to the MA55 balance line and we give no recommendations. We advise to avoid trading today as the situation is still unclear.



GBP/USD





The currency pair had a considerable growth yesterday after UK CPI data and Prime Minster Theresa May speech on Brexit.

UK CPI data was better than expected. Market participants think that this may be a reason why The Bank of England will have to limit its easing programme. Theresa May said that she is going to negotiate free trading area with European Union countries. However there are still risks that EU response will be negative. Short trades according to our recommendations failed to bring any profit.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no tendency last week and we think that the currency pair is going to decline because of the gap that we have seen in the first hours of this week’s session.

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 give no recommendations. It is better to wait until the situation is clear.



AUD/USD





The currency pair established an upside tendency yesterday and we think it is time to look for opportunities to buy AUD/USD. However, we advise to wait until the price goes back to the Moving Average 55 balance line. We also think that there are risks of a deeper correction after yesterday’s strong growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its upside correction last week. We think it is going to slow down it is going to slow down the 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 Moving Average 55 balance line. Place stop losses below the curve.



USD/CHF





The currency pair established a downside tendency and it is time to look for short trades. However, we see some risks for the price to jump upwards from the broken through trend line on the Weekly chart. More factors indicate on further decline and we advise to try short trades from the above mentioned area.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was declining last week according to our expectations. We think it is going to slow down its downside tendency in the next couple of days as the currency pair is close to a strong support level.

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 Moving Average 55 balance line or from the trendline. Place stop losses above those indicators.






Gold and Silver Technical Outlook January 18, 2017




GOLD (XAUUSD)





Gold gave no opportunities to buy according to our recommendations as it failed to reach the trendline. US President’s Trump comments on USD pushed American dollar lower allowing Gold to rise up. We advise to pay attention to today’s US important data which may have considerable impact on fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We had some correctional growth last week and we think it is going to continue 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 curve.



SILVER (XAGUSD)





Silver was trading with an upside bias and failed to move back towards the trendline. There was no opportunity to open long trades according to our recommendations. Today’s US data may push Silver higher.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We have seen a correctional growth last week according to our expectations. We think it is going to continue 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 curve.

[Adamant Finance]

Technical Outlook January 19, 2017




EUR/USD





The currency pair was trading with a decline and accelerated its decline during the American session. US CPI data met the expectations and the Fed head Yellen persuaded market participants in a more aggressive Interest Rates hike during the next couple of years. Inflation overcame FOMC’s 2% target level which is a strong signal for Fed to hike Rates.

FOMC plans to increase Rates thrice this year. USD has got some additional support and we think it is going to grow in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction last week and we think it is going to slow down 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 below the MA55 balance line.

Trendline was broken through as well as the MA55 balance line. This indicates on a probability of further decline. We advise to avoid trading at the moment and wait for the situations to become clear.



GBP/USD





The currency pair went back to the MA5 balance line allowing to open long trades yesterday. However, all other currency pair have downside direction and we think it is not a good idea to open long trades at the moment. GBP/USD is able to continue its downside tendency and there will be some signals to sell. We have drawn a trendline, which is an indicator for further currency pair dynamics. If the currency pair breaks it through there will be an opportunity to open long trades. Otherwise GBP/USD is going to change its tendency.

There is the downtrend on the Weekly chart as the price is below the MA5 balance line. There was no direction last week and we think the currency pair is going to continue its decline because of a price gap.

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 at the moment but to be prepared to buy or sell according to circumstances.



AUD/USD





There was a correction towards the balance line by the end of the American session yesterday but it was too late to open trades. The currency pair is in a deep correction as we have previously expected. AUD/USD tries to hold its positions above the trendline but we think it is going to break through this line today. It is better to wait until the reverse before selling the currency pair.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its upside correction last week and we think it is going to slow down 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 below the MA55 balance line. We advise to avoid trading at the moment as the situation is still unclear.



USD/CHF





The currency pair is close to the MA55 balance line and the trendline but it was late to open trades yesterday. We think that USD/CHF is going to change its tendency and it is time to do nothing and to to wait until the situation becomes clear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think it is going to slow down 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 above the MA55 balance line. We advise to avoid trading as the situation is unclear.







Gold and Silver Technical Outlook January 19, 2017




GOLD (XAUUSD)





Gold failed to continue its growth yesterday as US CPI data met the expectations. Janet Yellen underlined that inflation overcame 2% barrier and FOMC is going to rise Rates. FOMC plans to hike Interest Rates thrice this year. Fed holds its tendency that is good for USD. Rise of inflation is good for XAU/USD as investors are looking for shelter assets (like Gold). However, inflation is not too high for Gold to grow aggressively.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correctional growth last week and we think it is going to continue 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 think that market participants are going to break current tendency. You may open short trades from the trendline. Place stop losses above the line.



SILVER (XAGUSD)





Silver declined to the MA55 balance line allowing long trades but it was too late for trading. US CPI data met the expectations and there was no significant growth after this release. Silver is going to follow Gold which is reversing its tendency at the moment.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correctional growth last week according to our expectations. We think that the upside tendency is going to continue 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 still unclear.

[Adamant Finance]

Technical Outlook January 20, 2017




EUR/USD





The currency pair declined sharply right after the end of the European Central Bank Meeting as the Interest Rates remained unchanged and the policymakers decided to continue this easy monetary policy according to our expectations. However, Market participants expected the ECB members to give some hints on the probability of the monetary policy to be more hawkish in the nearest future due to inflation growth. The price almost touched the lower side of the MA-channel but the currency pair went upwards during the American session. The main event for today is Donald Trump inauguration and we think that current fluctuations are influenced by this fact.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction last week but we think it is going to slow down this 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. Today’s US President inauguration may have a considerable impact on fluctuations depending on what Donald Trump is going to say.



GBP/USD





The currency pair broke through the trendline and there was an opportunity to open short trades. This event resulted in 500 pips of eventual profit for those who risked to enter the market. There is no trend today and market participants are waiting for US President Donald Trump inauguration. It is better to avoid trading in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no direction of fluctuations last week but we think the currency pair is going to decline in the next couple of days due to a price gap that took place in the beginning of the week.

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 still unclear.



AUD/USD





There was no change in trend and the currency pair continued its moderate growth yesterday. USD dynamics is illogic due to US President Donald Trump inauguration. This was the main reason for a mistake in forecasts of further currency pair’s dynamics. We expect USD to grow anyway.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its upside dynamics last week and we think it is going to slow down the local uptrend 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 Ma5 balance line. We advise to avoid trading today as the situation is still unclear.



USD/CHF





The currency pair was trading with the same pattern as EUR/USD did but we think USD/CHF is going to decline this week. However, it is better to wait until the end of US President Donald Trump inauguration to do any further steps. We advise to do nothing 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 declined last week according to our expectations. We think that USD/CHF is going to slow down its decline in the next couple of days as the currency pair is close to a strong support line.

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 as the situation is still unclear.







Gold and Silver Technical Outlook January 20, 2017




GOLD (XAUUSD)





Gold offered an opportunity to open trades according to our recommendations from the broken through trendline with stop losses above the line. There was a possibility to take profit as XAU/USD declined for 9,5$. However, there was no further decline because of US President Donald Trump inauguration which is to take place today. It is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week and we think it is going to continue 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 still unclear.



SILVER (XAGUSD)





Silver is following Gold but has not changed its tendency yet. We advise to do nothing today as the US President’s inauguration is to take place during the American Session.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth according to our expectations. We think it is going to continue 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 still unclear.

[Adamant Finance]

Technical Outlook January 23, 2017




EUR/USD





The currency pair was trading in both directions on Friday on the eve of the US President Donald Trump inauguration. There was no details on Trump’s plans to increase expenditures and to decrease taxes. US is still loosing positions after the inauguration speech. The currency pair is close to the upper side of the MA-channel and 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 continued its upside correction last week. We think it is going 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 MA5 balance line. We advise to avoid trading today as the situation is still unclear and it is risky to take any decisions.



GBP/USD





The currency pair was trading in both direction for the same reasons as EUR/USD did. In addition, UK Retail Sales data was disappointing. However, this data had limited impact on GBP/USD as market participants paid attention to Donald Trump’s inauguration. The price is close to the upper 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. The currency pair was trading mostly with positive bias and we think it is going 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 above the MA55. We advise to avoid trading as the situation is still unclear.



AUD/USD





The currency pair is trading within a tight range and we think there is a probability of another upside momentum. AUD/USD was trying to grow but it still in the same range despite the decline of USD. You may try to open long trades from the MA55 balance line or from the trend line in order to catch eventual upside price momentum.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair slows down its upside tendency but we think it is going to resume its upside 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 above the MA55 balance line. We advise to open long trades from the MA55 balance line or from the trendline. Place stop losses below those indicators.



USD/CHF





The currency pair started to decline after the US President Donald Trump’s inauguration and it continues its decline today. We advise to do nothing at the moment as the price is far from the balance line. There is no clear tendency.

There is the uptrend on the Weekly chart as the price is above the Moving Average 55 balance line. The currency pair declined last week and crossed its strong support line. We think that it is going 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 below the MA55 balance line. We advise to avoid trading today as the situation is still unclear and it is risky to open trades at the moment.







Gold and Silver Technical Outlook January 23, 2017




GOLD (XAUUSD)





Gold was trading in both directions on Friday because of the US President’s inauguration speech. There is some uncertainty as there was not a single word on Trump’s programme details. There are some risks that Gold is going to grow. However, Trump’s plans will be a strong obstacle for XAU/USD uptrend. The price is close to the upper side of the MA-channel and we give no recommendations. There is no clear trend and it is risky to take any actions in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD’s correction growth continued last week and we think Gold is going to move further upside 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 still unclear.



SILVER (XAGUSD)





Silver is trading within a limited range but there is a probability of an upside momentum in the nearest future. XAG/USD’s growth was not as strong as Gold’s one and you could try to open long trades. However, there is no clear trend and it is risky to take any trading decisions at the moment.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some correction growth last week and we think it is going to continue 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 still unclear. There is no clear tendency.

[Adamant Finance]

Technical Outlook January 24, 2017




EUR/USD





The currency pair continued its morning growth and almost reached its 2 month’s highs. EUR/USD established the uptrend and it is time to look for long trades. However, the price is close to the upper side of the MA-channel and the tendency is too strong that it is risky to open trades at the moment. There is an important Eurozone Manufacturing and Services PMI data today and this statistics is able to influence fluctuations. We think that those releases may result in some correction and there will be an opportunity to open long trades tomorrow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside dynamics but it was in a very wide range last week. We think that EUR/USD is going to continue its upside 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 avoid trading today as the situation is still unclear.



GBP/USD





The currency pair had a considerable growth yesterday as the Court of London announced that the British government is unable to bypass parliament and initiate Brexit without parliament’s approval. It means that the Brexit procedure may be postponed. It was too hard to open trades as the trend was too strong and we advise to take a pause and wait for better price position.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a strong upside tendency last week and we think that the currency pair is going to continue its growth in the next couple of days.

The currency pair is in 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 still unclear and it is risky to open trades, as the current tendency is too strong.



AUD/USD





The currency pair offered some opportunities to open trades from the MA55 balance line yesterday according to our recommendations. You had a chance to take some profit (about 400 pips) despite the fact that fluctuations were weak. There is a strong resistance on the way (Weekly chart) and we think that the currency pair is able to bounce off it if the price is unable to break it through in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair paused its upside correction last week but we think it is going 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 still unclear.



USD/CHF





The currency pair established a downside tendency and we think it is time to look for short trades. However, it is better to wait until the price goes back to the MA55 balance line as it is still far from this curve.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined slower last week as we had expected and found a strong support level. We think that it is going to continue 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 curve.







Gold and Silver Technical Outlook January 24, 2017




GOLD (XAUUSD)





Gold established an upside tendency and it is time to look for long trades. We think that XAU/USD is going to continue its growth but the situation is still unstable. We advise to wait until the price goes back towards the MA55 balance line and to look for long trades there.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week and we think it is going to develop 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 curve.



SILVER (XAGUSD)





Silver goes the same way that Gold does. There is the uptrend and we can see an upside pattern. We advise to wait until an upside momentum and take decisions if it happens.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week and we think it is going to continue 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 curve.

[Adamant Finance]

Technical Outlook January 25, 2017




EUR/USD





The currency pair moved to the balance line during a correction as we had expected it previously. Today it is time to look for long trades. Yesterday’s German and France PMI Manufacturing and Service data was disappointing. We advise to pay attention to German Business Climate IFO data today. There is no important statistics from the United States and we think that this Eurozone data will be the main driver. IFO Business Climate data may result in further upside tendency if it is better than expected.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction last week in a very large range. We think that it is going to continue its upside tendency in the nearest future.

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 trendline or from the MA55 balance line. Place stop losses below those indicators.



GBP/USD





The currency pair was trading with a high volatility due to the event that was very important. British Court decided that the UK Government is unable to take any further Brexit steps without Parliament confirmation. It does not mean that Brexit is stopped or even cancelled. It means that the procedure is postponed. We gave no recommendations yesterday. However, the currency pair jumped off the MA55 balance line and moved higher for 1000 pips. You may try to open long trades today as GBP/USD is likely to continue its upside tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside tendency last week and we think that GBP/USD is going to continue its growth in the nearest future.

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 trendline or from the MA55 balance line. Place stop losses below those indicators.



AUD/USD





The currency pair had a sharp decline yesterday as it was unable to grow. AUD/USD tried to break through a strong resistance level but failed and moved lower. We think that the currency pair has two ways at the moment – to decline further or to continue its upside correction from the broken through trendline. We give no recommendations, as there is still no clear change in a trend.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair made a pause in its upside correction last week. We think it is going to grow again in the nearest future.

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 still unclear.



USD/CHF





The currency pair went back towards the balance line offering the opportunity to open short trade from the MA55 balance line according to our recommendations. This downside move resulted in 300 pips allowing to take profit or to protect trades. We advise to open short trades from the trendline.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair crossed a strong support level last week. We think that USD/CHF is going to continue its decline in the nearest future.

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 sell from the trendline. Place stop losses above this line.







Gold and Silver Technical Outlook January 25, 2017




GOLD (XAUUSD)





Gold declined to the balance line according to our expectations. There was an opportunity to open long trades from the MA55 during the European session. XAU/USD’s price had a 5 USD’s growth and it was enough to take some profit or to protect trades. Gold broke through the trendline and stopped its upside tendency today in the morning. We think that XAU/USD is going to decline towards the next support line on the Hourly chart and then it is going to grow again.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week and it is likely to continue in the nearest future.

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 still unclear.



SILVER (XAGUSD)





Silver was close to the balance line offering an opportunity to buy and the price was in the profit area for 17 pips. It was enough to take profit or to protect your trades. We think that XAG/USD is going to correct towards the trendline and it is better to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD continued its correction last week and we think it is going to grow in the nearest future.

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 still unclear.

[Adamant Finance]

Technical Outlook January 26, 2017




EUR/USD





The currency pair has got no support for further growth as German IFO Business Climate data was worse than expected. There was an opportunity to open long trades from the trend line but those positions closed with short stop loss. There is an important data today, that may influence fluctuations. However, we have no clear trend at the moment and it is better to wait until the currency pair resumes its upside tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction last week in a very wide range. We think it is going to continue its upside tendency in the nearest future.

There is no trend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading at the moment as the situation is still unclear.



GBP/USD





The currency pair offered an opportunity to open long trades according to our recommendations from the MA55 balance line. GBP/USD still goes upwards and the profit is about 1600 pips. There was a possibility to take profit or to protect your trades. We think that the currency pair is going to grow until the European session when preliminary UK GDP data is going to be released. This statistics is able to provoke a correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think it is going to continue its growth in the nearest future.

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 still unclear.



AUD/USD





The currency pair is still in a neutral position and it is better to do nothing at the moment. There is a holiday in Australia today and the currency pair dynamics is very weak. AUD/USD is trading below the broken through trendline and we think it is going to continue its decline in the nearest future. Anyway it is better to wait until the volumes are back.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair paused its upside correction last week and we think it is going to resume its upside tendency in the nearest future.

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 still unclear.



USD/CHF





The currency pair is in a neutral position at the moment and the market situation is unstable. There was no opportunity to open short trades from the trend line as the price was far from this indicator. WE advise to avoid trading today as the currency pair is trading without any clear bias.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair declined last week and we think it is going to continue its downside tendency in the nearest future.

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 still unclear and it is risky to open positions at the moment.







Gold and Silver Technical Outlook January 26, 2017




GOLD (XAUUSD)





Gold had changed it tendency and broke through the trend line indicating the probability of further decline. You may try to open short trades today from the Ma55 balance line. However, the chances are few that the price is going back to the balance line. We think that there is a high probability that Gold is going to continue its decline from the current level.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week and we thin XAU/USD is going to continue its upside tendency in the nearest future.

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 curve.


SILVER (XAGUSD)





Silver crossed the ascending trend line on the Hourly chart and it is likely to decline. We think that the current tendency looks downwards and it is time to look for short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We had a correction growth last week and we think it is going to continue in the nearest future.

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 today. Place stop losses above the indicator.

[Adamant Finance]

Technical Outlook January 27, 2017




EUR/USD





The currency pair established a new downtrend and we think it is time to look for short trades today. There was a good opportunity from the broken through trendline but there was almost no chance to open trades at that moment. We expect the currency pair to go upwards again and if it reaches the trendline, there will be another opportunity to open short trades. USD had an upside bias despite the fact that US data was worse than expected. Today’s US data is also important and may have a significant impact on the currency pair.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction in a wide range last week and we think it is going to grow in the nearest future.

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 at the moment as the situation is still unclear.



GBP/USD





The currency pair moved downwards yesterday despite the better than expected UK data. GBP/USD “is trying” to break through the trend line today in the morning and we think that it is going to continue its decline. However, the upside tendency is strong and Bears are going to have troubles in their attempts to reverse the market. We think that the price is going to reach 1,26000 area after the breakthrough. We still have the upside tendency but you can try to open short trades already.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in a strong upside tendency last week and we think that it is going to continue its growth in the nearest future.

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 short trades from the broken through trendline. Place stop losses above this indicator.



AUD/USD





The currency pair declined yesterday according to our expectations. This downside tendency is weak. Today’s Australia data had almost no impact on fluctuations and we think that the currency pair is going to increase the speed of decline today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair paused its upside correction last week but we think it is going to grow again in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 0,7530\40. Place stop losses above the MA55 balance line.



USD/CHF





The currency pair continues to be trading in a neutral position as the situation is still unclear. We think that market participants are going to try to break through the trendline and to develop an upside tendency. You may try to buy with low volumes from the broken through trendline (if it happens).

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week and crossed the support level. We think it is going to continue its decline in the nearest future.

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 long trades from the broken through trend line. Place stop losses below the MA55 balance line.






Gold and Silver Technical Outlook January 27, 2017




GOLD (XAUUSD)





Gold reversed downwards and crossed the trendline indicating the future bias of fluctuations. There is a possibility to open short trades from the MA55 balance line area today but risks are still too high. We think that Gold is going to continue its decline from the current level.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week and we think it is going to continue in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel looks 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 this curve.


SILVER (XAGUSD)





Silver crossed the ascending trendline on the Hourly chart and has the intention to continue its decline. We can see the downtrend and we think it is a good idea to look for short trades at the moment.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week and w think it is going to continue in the nearest future.

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 curve.

[Adamant Finance]

Technical Outlook January 30, 2017




EUR/USD





The currency pair slowed down its decline after worse than expected US Prelim GDP data. This data was disappointing as it was weaker than forecasts. We think that this statistics is able to stop USD growth until there will be other drivers to push US dollar higher. We advise to pay attention today to Personal spending data which is also may be worse than expected and push USD even lower.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its upside correction last week. We think it is going to be trading without any clear direction in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. You may try short trades from the upper trendline on the Hourly chart. Place stop losses above this line.



GBP/USD





The currency pair failed to get back towards 1,26000 and there was no opportunity to open short trades according to our recommendations. We think that the upside tendency is going to proceed after Friday’s weaker than expected Us prelim GDP data. We also think that the currency pair is able to slow down its decline in the beginning of the weak as an option. However, pay attention to 1,26000-1,26100 are as here is a very important “check point” for the further currency pair growth.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen the currency pair to continue its upside tendency last week, but we think it is going to stop its growth in the nearest future.

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 at the moment as the situation is unclear.



AUD/USD





The currency pair failed to accelerate its decline as we had previously expected but is trading within a range. There was an opportunity to open trades according to our recommendations but it resulted in a short stop loss.

The currency pair was in a range for the whole last week and we think it is going to run any direction in the next couple of days. We expect it to go downwards at the moment. However, everything may happen and we advise to hold the trigger.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did an upside momentum last week. We think it is going to decline from the trend line in the nearest future.

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 at the moment as the situation is still unclear.



USD/CHF





The currency pair continued to be trading with no clear direction on Friday. However, we think that the weaker than expected US Prelim GDP data is able to push the currency pair downwards in the next couple of days. Long trades failed to bring profit as there was fake break through and the price went back to this line without any further upside momentum. Those long trades resulted in a short stop loss, which was close to the strike price as we had recommended.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair ended the last week in a range but we thin it is going to resume its downside tendency due to the weaker than expected US Prelim GDP data.

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 still unclear.






Gold and Silver Technical Outlook January 30, 2017




GOLD (XAUUSD)





Gold offered an opportunity top sell on Friday from the MA13 and the price was in the profit area allowing to take 3-4USD. However, weaker than expected US Prelim GDP data reversed the price upwards. There was an opportunity to protect your trades by placing stop losses at breakeven level. We think that XAU/USD is able to resume its upside tendency in the next couple of days.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The upside correction failed to proceed however, we expect XAU/USD to go upwards after a strong decline last week.

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 still unclear.



SILVER (XAGUSD)





Silver offered an opportunity to sell from the MA13 and there was a chance to take about 10 pips of profit. it was enough to protect your trades by placing stop loss at breakeven level. We can see a sharp reverse at the moment and the price is far from the balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The correction growth stopped last week but we think XAG/USD still has an opportunity to resume its upside tendency after a significant decline in the nearest future.

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 at the moment as the situation is still unclear.

[Adamant Finance]

Technical Outlook January 31, 2017


EURUSD



EUR/USD currency pair was trading with a high volatility after sharp declarations of a new US White House administration. Another reason why EUR/USD has those sharp fluctuations is the upcoming Central Bank meetings.

There are three of them this week – in Japan, United States and Great Britain. It was hard to open short trades according to our recommendations as the price did not reach the trendline. We advise to do nothing today as there is currently no tendency on the chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its decline last week. We think it is going to develop a correction in the nearest future. However, there are still doubts on the direction of this correction.

There in 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 still unclear.

GBPUSD



The currency pair established a downtrend but it is likely to be short as nothing is indicating on a long-term downside tendency. 1,26000-1,26100 area remains untouched and this is another sign of weakness of a downside tendency. However, we think that today there are opportunities to open short trades if price allows to do it. It is better to trade before the American session.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Upside tendency continued last week but we think the currency pair is going to pause its ascending rush.

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 or from the trendline. Place stop losses above those indicators.

AUDUSD



The currency pair continues to be trading within a flat range. It seems like AUD/USD is ready to go upwards from this range. However, there is also a probability that the currency pair is going to stay within this flat range for a couple of days.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did an upside momentum last week and we think it is going to move back from the trendline.

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 still unclear.

USDCHF



The currency pair tries to establish a downside tendency after sharp fluctuations that we have seen yesterday. However, the price is still too far from the MA55 balance line in order to open short trade at the moment. We advise to sell the currency pair in case if the price is back to the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a range trading last wee but we think the currency pair is going to decline after Friday’s US Prelim GDP data which was worse than expected.

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 this curve.




Gold and Silver Technical Outlook January 31, 2017


GOLD (XAUUSD)



Gold started to grow yesterday. This growth seems to be very aggressive and we think it is still not the right time to open long trades as the price is far from the balance line. However, you may try to buy from the MA13. Remember that risks are higher in this case. It is also to mention that thee are several important events this week and they may start influence Gold today in the afternoon. BOJ, FOM and the Bank of England Meeting may have a significant impact on XAU/USD.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no correction growth last week. We think that XAU/USD is going to move upside this week after a deep decline.

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 curve.

SILVER (XAGUSD)



Silver is in a strong uptrend after Friday’s upside momentum. However, it was trading with no clear direction yesterday. The price approached the MA55 balance line. You may try to open long trades from the balance line today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction growth last week. However, We expect XAG/USD to go upwards after a decline.

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 curve.

[Adamant Finance]

Technical Outlook February 1, 2017


EURUSD



The currency pair did a sharp upside momentum and established the uptrend. The Eurozone data was better than expected. There is a growth of inflation and the reduce of unemployment level. A for the GDP, this macroeconomic indicator continues to grow for the fourth quarter in a row. The biggest economies manufacturing activity data is to be released today. We also advise to pay attention to the FOMC meeting which is to take place during the American session.

There is still the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its upside correction last week. We think that it is going to develop its correction in the nearest future.

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 give no recommendations in this situation as it is risky to take any steps.

GBPUSD



The currency pair offered no opportunities to sell before the American session from the MA55 balance line. GBP/USD reversed its tendency and moved upwards finally according to our expectations. We advise to pay attention to Manufacturing activity data (PMI’s) from United Kingdom and United States today as this statistics is very important for fluctuations. We think that the currency pair is going to continue its upside tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen an upside tendency to develop last week. We think that the currency pair is going to slow down its upside correction.

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.

AUDUSD



The currency pair continues its fluctuations within a previously established range. AUD/USD is trying to break through upwards today and we think there is a high probability of this event. However, the price may continue its current dynamics. We advise also to pay attention to FOMC meeting as it may change the situation during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair moved sharply upwards last week and we think it is going to decline in the nearest future.

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 still unclear.

USDCHF



The currency pair approached to the balance line yesterday but offered no opportunity to open trades as it was not close to the indicator. If you opened a position, you could take about 1000 pips as profit. We think that the price is able to move back towards the MA55 balance line and then to continue its decline. If this happens, we give recommendations to trade. However, you should remember that there is an important event (FOMC meeting) today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week and the price was in a range. We think that the currency pair is going to resume its decline after Friday’s US GDP 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 area. Place stop losses above the indicator.




Gold and Silver Technical Outlook February 1, 2017


GOLD (XAUUSD)



Gold offered an opportunity yesterday to open risky trades from the MA13 and to take some profit (as the price moved for 16USD). The risk/profit ration was rather good (2/16). We think that XAU/USD is going to decline towards the MA55 balance line area, as this tendency is weak and unstable.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no correction growth last week. We think that there is a probability of an upside correction in the nearest future.

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 MA5 balance line area. Place stop loss below the indicator.

SILVER (XAGUSD)



Silver failed to go closer to the MA55 balance line and offered no opportunities to buy from this indicator. The price moved upwards from the MA13. We expected that a downside correction was going to be deeper but XAG/USD ruined our expectations. We think that this correction is going to happen today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction growth last week. We think that the currency pair is going to grow in the nearest future.

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 still unclear.

[Adamant Finance]

Technical Outlook February 2, 2017


EURUSD



The currency pair declined sharply during the American session as the ADP non-farm employment data was significantly stronger than expected. Final result was higher than forecasts and this fact provoked USD growth as the currency has got a strong support from market participants. However, later the FOMC meeting results were released and USD was under pressure again as there was nothing new in FOMC members’ comments. Fed decided to leave rates unchanged and did no forecasts on its future activities on Interest Rates hike in 2017. The currency pair is able to continue its growth.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair stopped its upside tendency last week, but we think it is going to develop its upside correction (or even consolidation with no clear direction) in the nearest future.

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 loss below the indicator.

GBPUSD



The currency pair was prone to further growth as the manufacturing activity data in UK met the expectations. GBP/USD continued its upside tendency after the UK data release. The currency pair was close to the MA55 balance line during the Asia session offering an opportunity to open long trades. If you followed the recommendations to open positions from the MA55 balance line, you could earn about 1300 pips as there was no correction. We advise to pay attention to the Bank of England’s MPC meeting, which is to take place during the European session.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen the currency pair to continue its growth last week. We think it is going to slow down its upside tendency in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We give no recommendations as the price is close to the upper side of the MA-channel at the moment. It is risky to open trades as there is a probability of correction.

AUDUSD



The currency pair has finally left its two weeks’ range during the Asian session. It is looking upwards as we had previously expected. However, we think that there is a probability of reverse and it is better to avoid trading at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair moved upwards last week and we think it is going to decline from the trendline 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 at the moment as the situation is still unclear.

USDCHF



The currency pair approached the balance line and offered an opportunity to sell according to our recommendations. However, an upside correction was deeper than we thought and stop loss triggered. The currency pair’s fluctuations seem to be strange as compared to EUR/USD. Anyway, we have a stable downtrend and we advise to retry short trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a range last week. We think that USD/CHF is able to continue its decline after the weaker than expected US Advance GDP data, released on Friday.

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.




Gold and Silver Technical Outlook February 2, 2017


GOLD (XAUUSD)



Gold declined towards the MA5 balance line according to our expectations and then resumed its growth as FOMC members have said nothing new on further monetary policy decisions and the dates of Interest Rates hikes in 2017. Previous decline was provoked by a stronger than expected ADP non-farm employment change data. There was an opportunity to buy according to our recommendations but this trade failed to bring positive results as the correction was deeper than expected. However, the tendency was predicted correctly.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. There was no correction growth last week. We think Gold is going to grow in the nearest future after its decline last week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We give no recommendations as the price is far from the MA55 balance line.

SILVER (XAGUSD)



Silver is able to continue its growth today. We advise to open trades from the MA 13 (with high risks). Yesterday’s volatility was weak but we think it is going to grow today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction growth last week. We think XAG/USD is going to grow in the nearest future.

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 loss below the trendline.

[Adamant Finance]

Technical Outlook February 3, 2017


EURUSD



The currency pair reached the balance line in the end of the American session and it was too late to open trades. EUR/USD continued its growth before the American session as we had expected but there was no opportunity to place orders. We advise to pay particular attention to today’s US Labor Market data (non-farm payrolls especially) which is the main release and may have significant impact on fluctuations during the American session.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its upside correction last week. We think that EUR/USD is going to develop its correction in the nearest future.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We give no recommendations today due to the important US data, which is to be released right before the American session. It is better to open trades after this event.

GBPUSD



The currency pair was under the pressure after the Bank of England’s declarations on future risks. The situation in the British economics is still stable, but the Monetary Policy Committee warns about future risks and consequences of the Brexit. Those comments resulted in a sharp decline. We advise to pay particular attention to the US Labor Market data which is a very important event as it may have a considerable impact on fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was an upside correction last week but we think that the currency pair’s grow is going to slow down in the nearest future.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We give no recommendations today as the important US Labor Market data is on the way. It is better to take decisions right after the release of the US Non-Farm Employment Change data.

AUDUSD



The currency pair broke through its range and this action had some support during the European session. However, there are risks as other allied currencies are declining against USD. Australian Dollar is able to follow its allies but today’s US Labor Market data is going to play a significant role in future fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a sharp upside momentum last week. We think it is going to decline from the trend line in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We give no recommendations today as the important US labor Market data is coming soon. It is better to open trades after the release of the US Non-Farm Employment change data.

USDCHF



The currency pair approached the MA55 balance line yesterday in the morning and offered some opportunities to open short trades. There was an opportunity to take about 400 pips as profit. We advise to pay particular attention to the US Labor Market data which will may have a significant impact on fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week and the currency pair was in a range. We think that USD/CHF is going to resume its decline after Friday’s weaker than expected Advance GDP 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 give no recommendations today as it is better to open trades after the release of the US Labor Market data.



Gold and Silver Technical Outlook February 3, 2017


GOLD (XAUUSD)



Gold established new highs yesterday and tries to reverse its tendency. Everything indicates on this scenario. The main event for today is the US Labor Market data which is to be released right before the American session. Silver had already created all prerequisites for the reverse as it has broken through the trend line. We think that Gold is likely to follow this scenario as well.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no correction growth last week and we think that XAU/USD is going to growth in the nearest future after a significant decline.

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 give no recommendations as there is the important US Labor Market data. It is better to open positions after the release of the US Non-Farm Employment data.

SILVER (XAGUSD)



Silver reversed its tendency already as it has broken through the trend line and continued to decline. There was an opportunity to open short trades from the MA13 during the Asian session and you could even take some profit or protect your trades. However, it is better to wait for the price to move back towards the MA55 balance line or the broken through trendline in order to open positions from there. We advise today to pay particular attention to the US Labor Market data and to take any decisions after the event.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction growth last week. We think XAG/USD is going to do an upside correction in the nearest future as it has previously declined significantly.
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 loss below the trendline.

[Adamant Finance]

Technical Outlook February 6, 2017


EURUSD



The currency pair grew on Friday due to the US Labor market data which was mixed. Non-Farm Employment data was better than expected. However, Average Hourly Earnings declined to 0,1%. This fact has negative impact on inflation and further Interest Rates hike. In addition, there is a decline in Interest Rates hike odds across the FedWatch tool. This data allows the currency pair to continue its upside correction in the nearest future. We expect EUR/USD to decline a little today and then to resume its upside tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with high volatility and established an upside correction last week. We think that the currency pair is going to continue its upside correction in the nearest future.

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 long trades from the trend line. Place stop losses below the line.

GBPUSD



The currency pair continues to loose positions after Parliament’s vote on Brexit. Mark Carney warned last week that there are risks for British economics in future. The current tendency looks downwards but the price is far from the balance line and we give no recommendations. There is a probability that the price is going to stop close to the balance line on the Hourly chart today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its upside tendency last week according to our expectations. GBP/USD is likely to continue its correction or to stop on the current levels in the nearest future.

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 still unclear.

AUDUSD



The currency pair was trading in a range on Friday due to the mixed US data. The US Non-Farm Employment data was better than expected. However, unemployment rate grew to 4,8% and the Average Earnings Index remains on its minimum. This data takes the wind out of FOMC’s sails as Fed is unable to hike Interest Rates.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair broke through the trend line last week and we think it is able to continue its upside tendency in the nearest future.

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 or from the trendline. Place stop losses below those indicators.

USDCHF



The3 currency pair was trading in both directions on Friday due to the mixed results of the US Labor market data. It started with growth earlier on Friday as market participants had expectations on better results of the release. However, as this data was truly mixed, Bulls had no opportunities to develop an upside tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair’s decline took place earlier than we had expected and we think the USD/CHF is going to continue its decline in the nearest future.

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 still unclear.




Gold and Silver Technical Outlook February 6, 2017


GOLD (XAUUSD)



Gold had some growth on Friday on the mixed results of the US Labor Market data. The number of new jobs increased significantly. However, the unemployment rate increased as well. It is also to mentions that the Average Wage growth is on its minimum which is also bad for inflation. Interest Rates hike odds for March decreased. We think that Gold is going to grow moderately today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week. We think that XAU/USD is going to develop its u[side tendency in the nearest future.

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 balance line and we give no advises in this situation.

SILVER (XAGUSD)



Silver resumed its upside tendency on Friday after the release of the US Labor Market data which was mixed. We think that XAG/USD is going to grow this week.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week and we think XAG/USD is going to develop its upside tendency in the nearest future.

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 still unclear.

[Adamant Finance]

Technical Outlook February 7, 2017


EURUSD



The currency pair started new week with a decline due to political changes in Europe. Marine Le Pen is going to participate in French Presidential campaign. It is to mentions that the leader of far right party has plans to leave the European Union. Those talks influence fluctuations at the moment and euro is under a significant pressure. Long trades were closed by short stop losses and we think it is time to look for short trades today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with high volatility last week and established an upside correction. We think that EUR/USD is going to develop its upside correction in the nearest future.

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 MA13. Place stop losses above the indicator.

GBPUSD



The currency pair is still under pressure and breaks through the ascending trendline on the Hourly chart hinting on further decline. The price is close to the MA55 balance line area 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. The currency pair’s growth slowed down last week according to our expectations. We think GBP/USD is going to develop its correction or to stay close to current level ion the nearest future.

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 area. Place stop losses above the indicator.

AUDUSD



The currency pair crossed the ascending trend line on the Hourly chart and it is time to look for trades from the broken through trend line. We think that AUD/USD is going to develop its decline as the common background is negative. There was an opportunity to open long trades but they failed to bring profit.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair broke through the trend line last week and we think it is going to continue its growth in the nearest future.

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 short trades from the broken through trendline. Place stop losses above the line.

USDCHF



The currency pair developed its both sides fluctuations and there is still no clear tendency. It is better to leave the currency pair for a while and to see what is going to happen. We think that the currency pair will choose its direction today and it is likely to be an upside tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a decline last week and we think the currency pair is going to continue its downside tendency in the nearest future.

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 February 7, 2017


GOLD (XAUUSD)



Gold started new week with a growth due to a decline in the Interest Rates hike odds and to a political changes in Europe. The main event is Marine Le Pen’s participation in a French Presidential campaign which is a direct threat to the European Union as Le Pen supports the idea of Frexit. Market participants understand that if Le Pen is going to win the elections she is going to follow British example. Those plans and hints give some additional support to Gold.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week. We think that the precious metal is going to develop its upside correction towards the MA55 balance line.

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.

SILVER (XAGUSD)



Silver is trying to establish an upside tendency and we think it is time to look for long trades from the Ma55 balance line. Everything indicates on further precious metals growth. We give no recommendations to trade from the MA13 as current tendency is not too strong.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week. We think XAG/USD is going to continue its upside tendency in the nearest future.

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 February 8, 2017


EURUSD



The currency pair developed its decline yesterday due to the market players’ fear on future of the European Union. This situation is likely to press on EUR/USD in the nearest future. However, a downside tendency diverge from the Weekly chart. The recommended trade was risky and resulted in a stop losses triggered.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trying to establish an upside tendency last week. We think it is going to develop its upside correction in the nearest future.

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



Yesterday’s short trades according to our recommendations were successful as the price declined for more than 1100 pips. There was an opportunity to fix some profit. However, there was a growth during the American session as the Monetary Policy Committee member Christine Forbs announced her fight for Interest Rates hike as the inflation continues to grow. There is another reason for GBP/USD to grow as the Scottish Parliament voted against Brexit. This vote does not influence the situation directly as there is no need for Scottish Parliament approval for Brexit. However, this is a strong signal for the United Kingdom government.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down according to expectations last week. We think that the currency pair is going to develop its correction upside tendency in the nearest future.

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 as the situation is still unclear.

AUDUSD



The currency pair rejected the broken through trendline and there was an opportunity to open short trades from this line according to our recommendations. The price move was about 700 pips and you could take your profit. We think that the currency pair is going to develop its moderate decline today and we advise to open short trades from the MA55 balance line or from the trendline.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair broke through the trendline on the Weekly chart last week and we think it is going to develop its growth from the trendline in the nearest future.

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 from the trendline. Place stop losses above the indicators.

USDCHF



The currency pair start to move upwards but this upside tendency seems to be a correction. It has an opportunity to take speed, but is it still weak. We advise to try long trades from the MA55 balance line or from the ascending trendline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a decline last week and we think the currency pair is going to develop its downside tendency in the nearest future.

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 or from the ascending trendline.



Gold and Silver Technical Outlook February 8, 2017


GOLD (XAUUSD)



Gold failed to trigger short trades from the MA13. However, the price is still there and the background still supports Gold. We advise to look for long trades from the MA55 balance line area.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week and we think XAU/USD is going to develop its upside correction towards the MA55 balance line.

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.

SILVER (XAGUSD)



Silver approached to the MA55 balance line and the distance was enough to open long trades. The price was in a profit area for 20 pips and you had an opportunity to fix your positions. We think that XAG/USd is going to continue its growth today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week. We think that XAG/USD is going to develop its upside tendency in the nearest future.

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 February 9, 2017


EURUSD



The currency pair established new weekly lows and the had a correction. There is no sense to open trades at the moment as the price had already done its expected decline. However, we haven’t told about this and several traders opened trades from the MA55 balance line which resulted in little losses. The currency pair is still unstable due to the situation is Europe and United States.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with high volatility and established an upside correction last week. We think that EUR/USD is going to develop its upside correction in the nearest future.

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 indicator.

GBPUSD



The currency pair holds current levels after the Monetary Policy Committee Forbs comments yesterday on the future of monetary policy. It seems that this speech stopped GBP/USD’s decline. Anyway there is no clear tendency and the currency pair seems to be in a neutral position.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its growth last week according to our expectations. We think that it is going to continue its upside correction in the nearest future.

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 still unclear.

AUDUSD



The currency pair offered an opportunity to open short trades from the trendline. AUD/USD declined for 550 pips without any correction. However, this decline is slow and we advise not to hold the positions for a long time. There is a probability of upside momentum. We give no recommendations today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair crossed the trend line last week and we think it is going to continue its growth in the nearest future.

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 still unclear.

USDCHF



The currency pair offered opportunities to sell from the balance line but those positions gave little profit about 300 pips. It is possible to leave those positions for today and move stop losses at breakeven level. We think that the price is able to grow or to be in a range.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a decline last week. We think that the currency pair is going to continue its downside tendency in the nearest future.

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.



Gold and Silver Technical Outlook February 9, 2017


GOLD (XAUUSD)



Gold approached the balance line and there was an opportunity to open long trades according to our recommendations. Those trades allowed to take profit. We think that it is time for a deep correction after a brief upside momentum.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week and we think Gold is going to continue its correction towards the MA55 balance line.

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 still unclear.

SILVER (XAGUSD)



Silver reached the balance line yesterday allowing to open long trades. There was an opportunity to take profit. However, the price is close to the resistance level on the Weekly chart as there is a probability of a correction.

There Is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week and we think is is going to continue in the nearest future.

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 February 10, 2017


EURUSD



Donald Trump promised to announce his plan details on fiscal easing and wage growth. EUR/USD declined following to his words. Those news gave significant support to USD. There are many releases today that may have impact on fluctuations and we think USD is able to develop its growth. The price failed to reach the trendline and there was no opportunity to open trades yesterday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with high volatility and established an upside correction last week. We think that the currency pair is going to develop its upside correction.

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 still unclear.

GBPUSD



The currency pair is able to develop its decline after yesterday’s Trump comments. There is no trend at the moment and there is a probability that the currency pair is going to decline. However, there is no tendency currently and it is too risky to open trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its growth last week according to our expectations. We think that GBP/USd is going to develop its upside tendency or to stay close to the current levels.

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 still unclear.

AUDUSD



The currency pair is trying to go upwards today. However, the trendline still holds the price and there is no possibility to go higher in this situation. There are several risks such as USD growth as well as a decline of Allied currencies. Anyway AUD/USD is in the neutral position and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair broke through the trendline last week and we think it is going to develop its upside tendency in the nearest future.

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 still unclear.

USDCHF



The currency pair developed its growth and offered opportunity to have additional profit. If you have left your trades, there was an opportunity to take 800 pips. USD/CHF had an upside momentum yesterday and we think this dynamics is going to continue in the nearest future. Current tendency looks upwards, the price is close to the MA13 and you may try long trades from the MA13. However, it is better to wait until the price reaches the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a decline last week and we think this tendency is going to develop in the nearest future.

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



Gold and Silver Technical Outlook February 10, 2017


GOLD (XAUUSD)



Gold declined as result of Trump comments made yesterday. Previous XAU/USD’s growth was due to uncertainty on future Trump’s policy. Those news supported USD and Gold declined. The trend line was broken through on the Hourly chart as the tendency is changing its direction.

There is the uptrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week. We think that XAU/USD is going to growth in the nearest future.

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 still unclear.

SILVER (XAGUSD)



Silver rejected the resistance level on the Weekly chart. The trendline on the Hourly chart was broken through and the current tendency is changing its direction. It is time to wait for a good downside correction.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week. We think that XAG/USD is going to develop its upside correction in the nearest future.

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 or from the broken through trendline. Place stop losses above the indicators.

[Adamant Finance]

Technical Outlook February 13, 2017


EURUSD



The currency pair is still far from the balance line and there is no opportunities to open trades at the moment. However, we think that EUR/USD is going correct a little and then to resume its decline. The correction is likely to reach the balance line or even the trend line on the Hourly chart. If the price touches the balance line, we advise to open trades from there if the price allows to do it.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to develop its upside tendency due to political events. We think that EUR/USD is going to develop its downside tendency in the nearest future.

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 at the moment as the situation is unclear. However, if the situation allows, you can sell from the MA55 balance line or from the trendline.

GBPUSD



The currency pair is going to establish a tendency. However, this tendency is weak at the moment. You can try to open short trades from the balance line considering that this tendency is going to speed up. If this trade closes by stop loss, it is better to wait until the price reaches the trend line and to open trades from there.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its tendency according to our expectations. We think that GBP/USD is going to correct or even to accelerate its tendency in the nearest future.

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



The currency pair is trying to establish an upside tendency despite the fact that the other “allied” currencies are going downwards. AUD/USD is going upside. However, this movement may result in a further strong decline. You can try to open trades from the MA55 balance line or even from the broken through trendline. However, risks will be high in this case and it is up to you to take a decision.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did an expected correction towards the broken through trend line on the Weekly chart. We think that AUD/USD is going to accelerate its growth in the nearest future.

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.

USDCHF



The currency pair allowed opening long trades from the MA13. There was an opportunity to take 400 pips as profit. This trade was risky but resulted in positive area. There is no important data today and we think the currency pair is going to continue its growth. We advise to open long 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 failed to develop its downside tendency due to political events last week. We think that USD/CHF is going to grow in the nearest future.

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 February 13, 2017


GOLD (XAUUSD)



Gold almost reached the balance line on the Weekly chart as it was growing for a long time. There is a probability of a downside correction in the nearest future and we think it is going to start when the price reaches the MA55 balance line. We expect XAU/USD to decline in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had a correction towards the MA55 balance line last week and almost reached this point. We think that XAU/USD is going to start its correction in the nearest future.

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.

SILVER (XAGUSD)



Silver reached new highs and the long trades were closed by stop losses according to our recommendations. We think that the growth was the last one and XAG/USD is going to correct in the nearest future. If the price is going to decline today with the same speed there will be a fake break through.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that XAG/USD is going to develop its upside correction in the nearest future.

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 still unclear.

[Adamant Finance]

Technical Outlook February 14, 2017


EURUSD



The currency pair allowed to open trades from the MA55 balance line and declined for about 570 pips yesterday. We have forgotten to give any recommendations, but we have written to open trades from the MA55 balance line. There are many important events today to pay attention to. The most interesting of them are CPI data in China, Germany, and Switzerland as well as in the United Kingdom. We think that the currency pair is going to decline today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to resume its upside dynamics last week because of the political events. We think that EUR/USD is going to develop its downside tendency in the nearest future.

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



There was an opportunity to open short trades according to our recommendations. However, short positions were unsuccessful and were closed by stop losses. It is better to build a trend line in this case in order to see the market situation. If the price breaks it through, there is a probability of further decline. We can state that the downtrend turned to a flat.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its tendency last week according to our expectations. We think that GBP/USd is going to decline in the nearest future.

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 still unclear.

AUDUSD



There was an opportunity to open long trades from the MA55 balance line which closed by stop losses. However, you opened long trades from the trendline, you could have some profit at the moment. You can fix your trades partially and move stop losses at breakeven level. We advise to hold your positions until the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did an expected correction towards the broken through trendline on the Weekly chart last week and we think it is going to accelerate its growth.

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 until the American session.

USDCHF



The currency pair approached to the MA55 balance line allowing to buy. The price grew for 500 pips. It is strange that the price exceeded the last high for a couple of pips. We think that the currency pair is going to decline today. The control point is 1,00300.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to grow last week due to political events. We think that USD/CHF is going to develop its growth in the nearest future.

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 February 14, 2017


GOLD (XAUUSD)



Gold declined yesterday offering an opportunity to open short trades. The price went downwards for more than 12 USD. You can open short trades today as well, but the risks are very high and we do not recommend taking those steps. We expect XAU/USD to be trading within a wide range as there are many important events to follow during the European session. We also advise to pay attention to the Fed Head’s Janet Yellen speech, which is to take place during the American session. Her comments may provoke considerable decline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week. We think that XAU/USD is going to change its direction in the nearest future.

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.

SILVER (XAGUSD)



Silver’s decline was slower than growth. It means that XAG/USD is likely to grow as Silver is in the uptrend at the moment. You can try long trades today during the European session if the price offers such an opportunity.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that the upside correction is going to develop in the nearest future.

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.

[Adamant Finance]

Technical Outlook February 15, 2017


EURUSD



The currency pair was unstable during the European and US data releases. However, EUR/USD has chosen its direction after the Fed Head’s Yellen speech. The FOMC leader underlined that her organization may increase Interest Rates in the nearest future. She hinted that the monetary policy tightening may be done in March even. This information gave some support to USD and we think the currency is going to grow in the next couple of days meaning that EUR/USD is going to decline further. There was an opportunity to open short trades according to our recommendations. The price was in a profit area for 600 pips and there was a chance to take profit or to protect the trades. We give the same recommendations today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. He currency pair failed to continue its growth last week and we think it is going to develop it downside tendency in the nearest future.

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 MA5 balance line. Place stop losses above the indicator.

GBPUSD



The currency pair declined sharply after the UK inflation data, which was weaker than expected. There are no strong reason for the currency pair to develop its upside tendency and we think it is time to reverse. There is a probability of a decline to accelerate. As for the technical analysis, the currency pair is still in the neutral position, but as for the fundamentals, there is nothing to support GBP/USD and we think it is time to open trades even if risks are still rather high.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its tendency according to our expectations last week. We think that GBP/USd is going to correct downwards in the nearest future.

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 1,24700-1,24800 area. Place stop losses above the MA55 balance line.

AUDUSD



The currency pair had some growth yesterday and you could have about 500 pips as profit if you had opened a trade from the broken through trendline. It was better to close the positions there right before the American session according to our recommendations. The price went then towards the lower side of the channel and reversed upwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair corrected towards the broken through trendline on the Weekly chart and is able to accelerate its growth in the nearest future.

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 still unclear.

USDCHF



The currency pair failed to establish new lows below 1,00300 to start its decline. This is a good sign of further growth in the next couple of days. The currency pair is in the uptrend on you may try to open long trades from the MA55 balance line today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week due to political events. We think that it is going to develop its growth in the nearest future.

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 February 15, 2017


GOLD (XAUUSD)



Gold went both directions yesterday and it was too risky to open trades as we have commented previously. The price established a wide direction and we think it is going to break through the lower line due to yesterday’s Fed Head’s Janet Yellen comments. However, we advise to do nothing today as there is still no clear tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had a correction growth until the MA55 balance line last week. We think that the currency pair is going to start its decline in the nearest future.

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 still unclear.

SILVER (XAGUSD)



Silver offered an opportunity to buy from the MA55 balance line area yesterday during the Asian session. We have recommended to close all the trades before the American session as there was an important event during the American session. The price was in a profit area for 25 pips. We advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that Silver is going to develop its upside correction in the nearest future.

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 still unclear.

[Adamant Finance]

Technical Outlook February 16, 2017

EURUSD



The currency pair established new weekly lows according to our expectations. However, there was no correction towards the MA55 balance line and EUR/USD offered no opportunity to open short trades according to our recommendations. The currency pair went towards the MA55 balance line later during the American session but there was no sense to open trades as a downside movement was already done. USD was loosing positions yesterday as Janet Yellen has told that the US economic growth was lower that expected. Another reason for USD’s decline is a probability of a correction after a strong downside tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week due to political reasons. We think that it is going to develop its downside tendency in the nearest future.

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 still unclear.

GBPUSD



The currency pair declined according to our expectations but there was no opportunity to open short trades from 1,24700. The currency pair passed about 850 pips. However, if we look at yesterday’s candlestick, we see that there are almost no chances for the currency pair to develop its decline. We think it is time to prepare for the price reverse or for range trading.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its tendency last week according to our expectations. We think that GBP/USD is going to develop its correction in the nearest future.

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 as the situation is still unclear.

AUDUSD



The currency pair continued to be trading within a previously established range and left it upwards today during the Asian session. We think that it is better to do nothing at the moment and to wait for confirmation of this break through during the European session. If the price stays away from the range until the American session this will indicate that the break through was true.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair corrected towards the broken through trend line last week and we think it is going to accelerate its growth in the nearest future.

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 still unclear.

USDCHF



The currency pair failed to reach the MA55 balance line during the Asian session and offered no opportunities to open long trades. However, USD/CHF was too close to the indicator that you had a chance to try buying it. Anyway, the currency pair did its growth for 600 pips. Then the price reversed and there was a decline. We think that a deep correction is going to start.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to continue its dynamics last week due to political events. We think that it is going to develop its upside tendency in the nearest future.

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 still unclear.


Gold and Silver Technical Outlook February 16, 2017

GOLD (XAUUSD)



Gold went upwards yesterday during the American session as the Fed Head Janet Yellen said the US economics did not meet the expectations last year. Economists think that the US economics is going to grow for 4% only this year despite Trump’s attempts to shake it. It means that the number of expected Interest Rate’s hikes may be lower. However, there is still no uptrend and the price is able to return within the previously established range.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth towards the MA55 balance line last week. We think that Gold is going to develop its downside dynamics in the nearest future.

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 still unclear.

SILVER (XAGUSD)



Silver is close to the upper side of a range. There is no trend currently and we think it is better to wait. However, if we look at Gold, there is a probability of an upside momentum.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that Silver is going to develop its upside correction in the nearest future.

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 as the situation is still unclear.

[Adamant Finance]

Technical Outlook February 17, 2017

EURUSD



The currency pair continued to develop its technical correction according to our expectations. We think that EUR still has some fuel to develop its upside tendency today up to 1,0700 and then we expect the currency pair to start a downside correction. EUR/USD is trading currently close to the upper side of the MA-channel and we give no recommendations. There is no important data today neither from Eurozone nor from the United States. The currency pair is likely to be trading according to technical analysis.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to continue its upside correction last week. We think it is going to continue its downside tendency in the nearest future.

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



The currency pair reversed its tendency but there was no sharp movements yesterday. However, we can see that there is an upside tendency on the chart and it is time to look for long trades from the MA55 balance line. There is an important US data today which is able to influence fluctuations significantly. We advise to pay attention to this statistics and trade carefully.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its tendency according to our expectations last week. We think it is going to start its downside correction in the nearest future.

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.

AUDUSD



The currency pair was trading above the range established previously. This indicates on a probability of further growth of the currency pair. There is an opportunity to open long trades from the MA55 balance line expecting further upside tendency. If there is no active growth today, we advise to do more attempts to buy on the next week. There is no important data today and we think the currency pair is going to fluctuate according to technical analysis.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did an expected correction to the broken through trendline last week and we think it is going to accelerate its growth in the nearest future.

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.

USDCHF



The currency pair declined yesterday and broke through the trend line indicating its direction. You may try to search for short trades from the trendline on the Hourly chart. There are no other pivot points at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to develop its expected dynamics last week. We think that USD/CHF is going to continue its growth in the nearest future.

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 still unclear.


Gold and Silver Technical Outlook February 17, 2017

GOLD (XAUUSD)



Gold established an upside tendency yesterday and we think it is time to open long trades. However, there are some moments to pay attention to. Market activity is low due to US holidays on Monday. Another moment to pay attention to is Friday. There is no important data from the United States today. Those factors may prevent Gold from developing its upside tendency today and we advise to do nothing and stay out of market.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction last week and Gold almost reached the MA55 balance line. We think that XAU/USD is going to start its downside correction in the nearest future.

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)



Silver left its range according to our expectations. We think it is going to continue its growth in the nearest future but the problem is that there is low activity in the market as the US holiday is expected on Monday. It is better to avoid trading.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week and we think XAG/USD is going to continue its upside correction in the nearest future.

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 still unclear.

[Adamant Finance]

Technical Outlook February 20, 2017

EURUSD



The currency pair was in a downside correction on Friday and accelerated this tendency breaking the current trend. We think that today’s fluctuations will be limited as United States are on holiday. There is no important data today that may have significant impact on quotes. We give no recommendations as the market activity supposed to be low. It is risky to open trades when there are low volumes in the market.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week and we think that it is going to fluctuate the same way in the nearest future.

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 and volumes will be low during the American session.

GBPUSD



The currency pair declined sharply after weaker than expected UK Retail sales data released on Friday. We gave a recommendation to open long trades thinking that the UK data would be stronger than expected. However, our expectations failed. You had an opportunity to cancel an order after this data was released. If you did not do it, stop loss was close to the open price and you have lost few. There is no important data today and the volatility is supposed to be low due to the US holiday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and we think it is going to develop its correction decline in the nearest future.

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 still unclear.

AUDUSD



The currency pair returned to its range in which it was trading for long time previously. Short trades according to our recommendations closed by stop losses, which were close to the open price. Th3ere is no important data to pay attention to today. United states are on holidays and this may result in low volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth acceleration last week and the currency pair is on the same positions. We think that AUD/USD is able to decline in the nearest future.

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 still unclear.

USDCHF



The currency pair was close to the broken out trendline in the dying minutes of Friday’s session and there was no opportunity to open trades as it was too late for trading. The currency pair tries to breakout the trendline and we advise to avoid trading waiting for better position.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in both directions last week and we think it is going to develop its moderate growth in the nearest future.

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 still unclear.


Gold and Silver Technical Outlook February 20, 2017

GOLD (XAUUSD)



Gold corrected on Friday and there was a fix of long trades. We gave a recommendation to avoid trading on Friday. There is no important data today to pay attention to. United States are on holiday and the dynamics is likely to be weak during the American session. It is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD is still close to the MA55 balance line and we think this dynamics is going to be dominating in the nearest future.

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 still unclear.

SILVER (XAGUSD)



Silver was almost on the same positions on Friday as the US traders were waiting for holiday and were less active than usual. It is better to avoid trading today as the United States are on holiday and we expect low volatility during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that XAG/USD is going to develop its upside correction in the nearest future.

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 February 21, 2017

EURUSD



The currency pair was trading in a tight range according to our expectations yesterday. During the Asian session the price started its decline. Other currency pairs look in the same direction as USD becomes more expensive. We think that the currency pair is going to develop its downside tendency on the eve of tomorrow’s Federal Open Market Committee minutes. We advise to pay attention to today’s German, Eurozone and United States PMIs. This data may influence fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week. We think that it is going to grow or to be trading in both directions again in the nearest future.

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 curve.

GBPUSD



The currency pair continued to be trading within a large descending range. You may try to open short trades from the upper side of this channel as USD is on rally at the moment and this currency is going to push on all others on the eve of the Federal Open Market Committee minutes which are to be released tomorrow during the American session. We advise to pay attention to the UK inflation report which is likely to provoke currency pair movements.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We think that GBP/USD is going to develop its downside correction in the nearest future.

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 area on the Hourly chart. Place stop losses above the line.

AUDUSD



The currency pair is still trading within two last week’s range. The currency pair is in flat at the moment and we think that the better idea is to avoid trading.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. There was no growth acceleration last week and the currency pair is still close to the same positions. We think that AUD/USD is going to develop its downside correction in the nearest future.

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 still unclear.

USDCHF



The currency pair was trading within a tight range on Monday alike EUR/USD. It started to increase its volatility today in the morning. The currency pair is in the uptrend and you may try to open long trades during the European session, if price offers such opportunities. It is to mention that the FOMC minutes are going to be released tomorrow. We think that USD is going to grow on the eve of this event.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in both directions last week. We think that it is going to develop its moderate growth in the nearest future.

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 still unclear.


Gold and Silver Technical Outlook February 21, 2017

GOLD (XAUUSD)



Gold was trading with low volatility on Monday according to our expectations. Trading range was about 5USD for the whole day. However during the Asian session there was a growth in volatility and has already passed more than 5USD for a couple of hours. We advise to open short trades from the MA55 balance line. The MA-channel is still neutral.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading close to the MA55 balance line last week. We think that this dynamics is going to develop in the nearest future.

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. Place stop losses above the curve.

SILVER (XAGUSD)



Silver is declining at the moment but the MA-channel is still neutral. The price is breaking through the trendline on the Hourly chart and this indicates on the probability of a tendency reverse.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that the precious metal is going to develop its upside correction in the nearest future.

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

[Adamant Finance]

Technical Outlook February 22, 2017

EURUSD



The currency pair was trading with a decline due to the FOMC members’ comments yesterday. Fed’s policymakers hinted on the probability of the Interest Rates hike on March meeting. USD has got some support on those comments. However, this fact is not the only one to push EUR/USD lower. It is to mention that investors also pay attention to the upcoming French Presidential Elections which are to take part this year. The victory of right forces may push European Union to further disintegration. There was no opportunity to sell according to our recommendations as the price failed to reach the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in doth directions last week. We think it is going to grow or be trading without any direction in the nearest future.

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 area. Place stop losses above the line.

GBPUSD



The currency pair was trading with high volatility within an ascending channel and has broken through the trendline on the Hourly chart today during the Asian session. It means nothing as the price may change the direction of the channel to neutral. This ascending tendency was because the Bank of England has changed its forecast for Economic growth. However, we are not sure that the currency pair is going to choose an upside tendency to follow and today it is better to take some time to watch how the situation is going to develop

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and we think that it is going to develop its downside correction in the nearest future.

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 still unclear.

AUDUSD



The currency pair is still trading within a range in which it was fluctuating for a couple of previous weeks. It looks like AUD/USD is in flat and we give no recommendations in this situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth acceleration last week as AUD/USD is still in the same positions. We think that it is going to develop a downside correction in the nearest future.

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 still unclear.

USDCHF



The currency pair offered no opportunity to open long trades from the MA55 balance line as there was an aggressive growth yesterday. We think that there is a probability to buy from the trendline. However, those trades will be risky. The growth angle is sharp as we can see it on the chart and there is a probability to take some profit.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in both directions last week. We think that it is going to develop its growth in the nearest future.

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 trendline on the Hourly chart. Place stop losses below the line.


Gold and Silver Technical Outlook February 22, 2017

GOLD (XAUUSD)



Gold was trading in both directions yesterday but there was an opportunity to open short trades according to our recommendations. Those trades were likely to end with stop losses. It is better to open trades today. You can try to sell from the upper trendline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price continues to fluctuate close to the MA55 balance line and we think it is going to have the same dynamics in the nearest future.

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 upper trendline. Place stop losses above this line.

SILVER (XAGUSD)



There was an opportunity to open trades according to our recommendations. This trade is in the positive area at the moment and there is a probability that Silver is going to decline towards 17,85. However, there is no clear tendency and this trade is still risky.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that Silver is going to develop its upside tendency in the nearest future.

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 hold short trades from the trendline until the price reaches 17,85.