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Re: Adamant Finance - Daily Analysis

Postby » Adamant Finance » May 19th, 2017, 5:22 pm | #151 of 157 |

Technical Outlook May 19, 2017

EURUSD

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The currency pair ended its upside tendency yesterday and went back towards the MA55 balance line. We think EUR/USD is likely to start a deep correction. The MA55 balance line still looks upwards but we think it is going to change its bias today. We give a recommendation to sell if this happens. Look for two conditions to open short trades – the MA55 should have a downside bias and the price should be below the curve. There is no important data today and we think the currency pair is likely to develop this current dynamics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately last week according to our expectations. We think it is going to grow moderately in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short trades from 1,11350.

GBPUSD

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The currency pair had a strong growth yesterday after the release of the UK Retail Sales data, which was far better than expected. Retail Sales in the United Kingdom showed serious growth (2,3% against -1,4% previous data). However, the growth was temporary and the currency pair went downwards during the American session. GBP/USD shows intentions to decline, but the MA55 balance line still looks upwards.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately according to our expectations. We think GBP/USD is going to grow significantly in the next couple of days.

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

AUDUSD

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The currency pair made some attempts to establish new highs above 0,7450 and short trades from that level closed by stop loss. However, the price failed to reach the trend line and we advise to pay attention to the currency pair’s fluctuations. If it goes downwards, there will be opportunities to sell.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued to decline but then sharply grew in the second half of the last week. We think AUD/USD is likely to develop some moderate growth and then change its tendency in the next couple of days.

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

USDCHF

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The currency pair went back to the MA55 balance line and we think it is time to look for short trades with close goals. Current tendency is still strong and we think there will be no sharp reverse in the nearest future. We recommend trying to sell with close stop losses today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth as we had previously expected. We think USD/CHF is likely to 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 0,98100-0,98200. Place stop losses at 0,98300.


Gold and Silver Technical Outlook May 19, 2017

GOLD (XAUUSD)

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Investors were fixing long trades yesterday, which resulted in a sharp decline in the second half of the day. We had no opened trades at that moment and were just observing the fluctuations. There is still the uptrend but the price is below the MA55 balance line at the moment. We think that XAU/USD is likely to change its tendency in the next couple of days.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued to decline moderately last week but then moved upwards. We think that Gold is likely to develop its upside dynamics in the next couple of days.

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

SILVER (XAGUSD)

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Silver started to change its tendency yesterday and we think that it is time to look for short trades from the MA55 balance line. Yesterday’s US data was better than expected and USD has some additional support. Precious metals are likely to decline in the nearest future, if USD goes upwards.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver made a fakey last week and then went back to its previous positions. We think than XAG/USD is likely to develop its upside dynamics in the next couple of days.

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


        


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Re: Adamant Finance - Daily Analysis

Postby » Adamant Finance » May 22nd, 2017, 7:12 pm | #152 of 157 |

Technical Outlook May 22, 2017

EURUSD

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The currency pair resumed its growth on Friday and the sort trades, which were opened according to our recommendations, closed by stop losses. The main reason for the failure was that we have not waited for the tendency to reverse. We give no recommendations to buy as the price is far from the MA55 balance line. There are many Federal Open Market Committee members comments this week. Market participants will also pay attention to the European Central Bank head’s comments this week. Investors will look for some hints on further monetary policy tightening.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some significant growth last week frustrating our moderate growth expectations. We think that this week’s dynamics will depend on the political situation in the United States.

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

GBPUSD

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The currency pair was trading with an upside correction on Friday and today GBP/USD starts to reverse its tendency. It is still too early to open short trades but we think that the price is likely to be ready to develop its downside tendency tomorrow. As for the Weekly chart, we still can see some signs of further growth and we think that the predicted decline may be limited. We give no recommendations, as the currency pair still trying to make a clear reverse.

There is the downtrend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was fluctuating according to our expectations and had some moderate growth. We think it is going to growth in the next couple of days.

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

AUDUSD

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The currency pair went to the trend line as you may see it on the chart and started to test it. There is no clear trend at the moment and it is hard to say whether AUD/USD is going to break through this resistance or stays below. If it manages to break through the resistance, we recommend buying the currency pair. Place stop losses below the line in the case.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations and failed to go down by the end of the last week. We think it is going to develop its moderate growth in the next couple of days.

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

USDCHF

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The currency pair develop its decline according to our expectations. There was no opportunity to open short trades from 0,98100-0,98200 according to our expectations as the price failed to reach those levels. However, the currency pair is likely to continue its decline after a sort of a correction. The first significant resistance to prevent USD/CHF from a correction is a trend line on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think USD/CHF is likely to develop its downside tendency in case if the political situation in the United States will press on USD.

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


Gold and Silver Technical Outlook May 22, 2017

GOLD (XAUUSD)

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Gold corrected to the trend line on the Hourly chart on Friday. We think that this pattern indicates on the probability of further decline. However, as for the weekly chart, we see there the probability of growth towards the trend line and it means that the trend line on the Hourly char is likely to be broken through. It is better to do nothing at the moment as the situation is unclear.

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

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

SILVER (XAGUSD)

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Silver offered an opportunity to open short trades according to our recommendations. However, this downside tendency stopped and today there will be neutral tendency. There is no clear bias at the moment and we advise to do nothing.

There is the downtrend on the weekly chart as the price is below the MA55 balance line. Silver continued its growth last week according to our expectations. XAG/USD is likely to develop its upside dynamics in the next couple of days if it goes through 17,00 level.

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.


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Re: Adamant Finance - Daily Analysis

Postby » Adamant Finance » May 23rd, 2017, 7:08 pm | #153 of 157 |

Technical Outlook May 23, 2017

EURUSD

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The currency pair resumed its growth after a morning correction yesterday. Price failed to reach the MA55 balance line and there was no opportunity to buy. Market participants are waiting for the release of the Federal Open Market Committee meeting minutes. There is important German and Eurozone data today and we expected the volatility to grow. The price is far from the MA55 balance line and 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 had considerable growth last week frustrating our moderate growth expectations. We think that the dynamics is going to depend on the US political situation this 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 advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair was trading within Friday’s range. We think GBP/USD is likely to leave this range today after the Bank of England’s inflation report. The currency pair still has no clear direction of fluctuations and there is no tendency currently.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that GBP/USD is likely to grow in the next couple of days.

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

AUDUSD

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The currency pair has tested the trend line during the Asian session and has broken it through. Then it went towards the trend line again offering some long trades opportunities, as we had previously expected. We think that it is bad time to do anything at the moment if you failed to open trades when the price was close to the trend line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations. We think AUD/USD is going to growth in the next couple of days.

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

USDCHF

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The currency pair developed its decline yesterday according to our expectations. We have deleted trend line as it is no more actual. The price is likely to go upwards towards the trend line on the Weekly chart, but the current pattern indicates on the probability of further decline. You can try short trades today.

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 develop its downside tendency in the next couple of days in case of favorable US political situation.

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 indicator.


Gold and Silver Technical Outlook May 23, 2017

GOLD (XAUUSD)

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Gold is following the expected scenario and the price has broken through the trend line on the Hourly chart. There is no clear tendency currently, but there is a probability of growth and we think it is time to look for long trades from the broken through trend line. US Interest Rates hike expectations are high again, but Gold still holds its positions and even seems to go higher. We think that investors are paying more attention to the probability of impeachment to Donald Trump.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its growth last week according to our expectations. We think Gold is likely to grow in the next couple of days. If the trend line on the Hourly chart is going to be broken through.

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 broken through trend line. Place stop losses below the line.

SILVER (XAGUSD)

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Silver established new highs from May 1st. Those signs are indicating that the precious metal is ready to grow further. The key 17,00 level was crossed and we advise to open long trades from its area.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver continued its growth last week according to our expectations. We think that the precious metal is going to develop its upside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from 17,00 area. Place stop losses below this level.


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Re: Adamant Finance - Daily Analysis

Postby » Adamant Finance » May 24th, 2017, 7:52 pm | #154 of 157 |

Technical Outlook May 24, 2017

EURUSD

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The currency pair started to decline yesterday as market participants were fixing their positions on the eve of today’s Federal Open Market Committee Meeting minutes. Investors decided to avoid risks and they were partially fixing their trades after a considerable growth. Eurozone’s better than expected data was unable to support the currency pair’s growth. Market participants are going to pay attention to today’s FOMC meeting minutes.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some considerable growth last week frustrating our moderate growth expectations. EUR/USD’s dynamics will depend on the political situation in the United States in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the Ma55 balance line. We advise to avoid trading today, as the situation is unclear.

GBPUSD

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The currency pair still looking for its direction of fluctuations. There was no release of the inflation Report by the Bank of England. We think that it is some error in the schedule. The main event for today is the Federal Open Market Committee meeting minutes. We think that the currency pair is likely to choose any direction after this event and there will be opportunities to open trades tomorrow.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some growth according to our expectations. We think that GBP/USD is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the Ma55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair managed to pass about 500pips above the trend line but today AUD/USD is trying to cross this line fr om the upper side. This situation is due to the Moody’s rates on China, which are worse than expected. We still have no idea wh ere this downside tendency is going to make a stop but we think that the dynamics is likely to change after the Federal Open Market Committee Meeting minutes release.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations but it failed to decline by the end of the week. We think AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF

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The currency pair managed to reach the MA55 balance line allowing traders to sell from there. The price declined for 400pips and it was enough to fix profit. There is no tendency today and we advise to avoid trading.

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 likely to develop its downside tendency in the next couple of days.

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


Gold and Silver Technical Outlook May 24, 2017

GOLD (XAUUSD)

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Gold offered an opportunity to open long trades according to our recommendations and stop loss triggered. The price went below the trend line, and there is a fakey at the moment on the chart. We think that this situation is due to the release of the FOMC meeting minutes release. Market participants are fixing their trades.

There is no trend on the Weekly chart a the price is close to the MA55 balance line. The price continued its growth last week according to our expectations. We think gold is likely to develop its growth in the next couple of days, if it breaks through the trend line on the Hourly chart.

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

SILVER (XAGUSD)

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Silver declined to 17,00 offering opportunities to open long trades according to our recommendations. Then the price went upwards for 25 pips and it was enough to fix positions. A little bit later the price went towards 17,00 level again and broke it through. We think that it is better to do nothing today and to take decisions after the FOMC meeting minutes results release.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver continued its growth last week according to our expectations. We think that XAG/USD is likely to develop its upside dynamics if 17,00 level is to be passed.

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


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Re: Adamant Finance - Daily Analysis

Postby » Adamant Finance » May 25th, 2017, 7:24 pm | #155 of 157 |

Technical Outlook May 25, 2017

EURUSD

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The currency pair was trading with an upside bias after the release of the Federal Open Market Committee meeting minutes. Those minutes say that the monetary policy is going to be the same but there will be another Interest Rates hike in the nearest future. However, some FOMC members are worried about inflation decrease. There was no significant change in price and we think you can try to open short trades from the weekly highs. This trade, however, is too risky as you are going to open positions in the opposite direction to the current tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week frustrating our moderate growth expectations. We think that EUR/USD’s dynamics is going to depend on the political situation in the United States.

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 sell from 1,12600 level. Place stop losses above this level.

GBPUSD

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The currency pair continues its downside correction. There are no opportunities to open trades in this situation. The FOMC meeting minutes failed to provoke volatility growth and the currency pair is still trading without any direction.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that the currency pair is going to grow in the next couple of days.

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

AUDUSD

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The currency pair went upwards after the FOMC meeting minutes. The price reached the weekly highs and bounces off them. However, we think AUD/USD is going to break through those highs. There is almost no tendency at the moment and it is better to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations but failed to decline in the end of the week. We think the currency pair is likely to develop upside tendency in the next couple of days.

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

USDCHF

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The currency pair was in a range yesterday and started to decline right after the FOMC meeting minutes release. USD/CHF is almost ready to go further downwards but we give no recommendations as there is no clear tendency yet.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week according to our expectations. USD/CHF is likely to develop its decline in the next couple of days in case if the US political situation remains unstable.

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 May 25, 2017

GOLD (XAUUSD)

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Gold had some growth after the US FOMC meeting minutes release. Those minutes say that the monetary policy remains unchanged and the FOMC members are going to increase Interest rates but some of them are worried about the inflation decrease. June Interest Rates hike expectations remained unchanged. The price is within a triangle without any tendency. We advise to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price had some growth last week according to our expectations. Gold is able to grow this week if it is going to break through the trend 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 today as the situation is unclear.

SILVER (XAGUSD)

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Silver was growing yesterday after morning’s decline. The price is close to is weekly highs and may establish new ones. There is the upside tendency currently and we think it is time to try long trades from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver continued its growth last week according to our expectations. We think XAG/USD is likely to develop its upside dynamics in the next couple of days if the price breaks through 17,00 level.

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 this indicator.


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Re: Adamant Finance - Daily Analysis

Postby » Adamant Finance » May 26th, 2017, 7:38 pm | #156 of 157 |

Technical Outlook May 26, 2017

EURUSD

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The currency pair continued its range fluctuations with high volatility. There was not a single chance to open short trades as the price failed to reach to necessary level. The currency pair crossed the trend line on the Hourly chart and we think EUR/USD is likely to develop downside tendency in the nearest future. We advise to open short trades from the broken through trend line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some considerable growth last week frustrating our moderate growth expectations. EUR/USD’s dynamics will depend on the political situation on the United States within the next couple of days.

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

GBPUSD

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The currency pair declined yesterday after the release of the UK GDP data, which was worse than expected. GBP/USD accelerated its decline today in the morning and the price broke through the trend line on the Hourly chart. This indicates on the probability of further downside tendency to develop. We think it is time to look for short trades from the broken through trend line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations. We think that the currency pair is going to growth in the next couple of days.

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

AUDUSD

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The currency pair shows the same dynamics as its allies currencies. AUD/USD accelerated its decline today in the morning and the price has broken through the trend line on the Hourly chart. This fact indicates on the probability of further decline. We advise to try short trades from the broken through trend line.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations, but it failed to decline towards the end of the week. We think AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF

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The currency pair was trading within a tight range last week. We think that there is a probability of a significant growth today, but there is still no tendency currently. It is better to do nothing today as the situation is unclear.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think it is likely to develop its downside tendency. However, USD/CHF depends now on the political situation in the United States.

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 May 26, 2017

GOLD (XAUUSD)

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Gold is trading within a triangle without any clear direction. We think the precious metal is going to continue this dynamics today. There is important US data incoming. However, if this data meets expectations, we think Gold is likely to be trading with low volatility.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair developed its growth last week according to our expectations. The price is likely to grow this week if it breaks through the trend 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 today as the situation is unclear.

SILVER (XAGUSD)

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Silver slows down its tendency. There was an opportunity to open long trades from the MA55 during the Asian session. If you managed to buy, it is better to fix those trades with small profit. There was no further growth and we think it is better to do nothing at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver continued its growth last week according to our expectations. We think XAG/USD is likely to develop its upside dynamics if Silver is going to cross 17,00 level.

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.


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Re: Adamant Finance - Daily Analysis

Postby » Adamant Finance » Today, 7:53 pm | #157 of 157  Goto page 1, 2, 3, 4, 5, 6  Reply

Technical Outlook May 29, 2017

EURUSD

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There was an opportunity to sell the currency pair from the broken through trend line on Friday, but the price crossed the line and stop losses triggered. EUR/USD tries to establish a downside tendency as the pattern for this is clearly seen on the chart. The Advanced US GDP data, released on Friday, was far better than expected. We advise to try opening short trades from the MA13 today. However, those positions will be very risky.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week and then stopped to grow. The currency pair is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA13. Place stop losses above this curve.

GBPUSD

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There was no opportunity to open short trades as the currency pair failed to get back towards the broken through trend line on Friday. However, for those who managed to sell there was a chance to take some profit. There is an opportunity today to sell from the horizontal level.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week frustrating our growth expectations. We think that GBP/USD is going to develop its decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1,28550 level. Place stop losses above this line.

AUDUSD

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The currency pair failed to reach the broken through trend line and offered no opportunities to open short trades according to our recommendations. If you managed to sell from there, you had almost no chances to take any significant profit as the downside tendency was too small. We think that AUD/USD is likely to be more active today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations, but decline in the final hours of the last five days. We think that AUD/USD is likely to 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 this indicator.

USDCHF

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The currency pair is still trading within a tight range and there was no growth, which frustrated our expectations. We gave no recommendations as there is no clear tendency. The currency pair still shows no activity and it is better to do nothing today and wait until the situation is going to change.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was in a limited range last week. We think it is going to grow in the next couple of days.

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


Gold and Silver Technical Outlook May 29, 2017

GOLD (XAUUSD)

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Friday’s Advanced US GDP data was better than expected. However Gold’s price went upwards instead of going downwards. Anyway, XAU/USD has broken through the triangle in the end of the last week. WE think that Gold is likely to grow in the beginning of this week. However, the trend line on the Weekly chart may limit this growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD broke through the trend line on Friday and there was an expected growth in the end of the last week. We think that Gold is likely to develop this upside dynamics in the next couple of days. However, you should pay attention to the strong resistance on the way.

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 this indicator.

SILVER (XAGUSD)

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Silver continued its growth, establishing the upside tendency. XAG/USD is likely to develop this tendency, but it is going to be limited by several resistance levels on 17,40, 17,75 and 18,50.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver crossed 17,00 level last week and continued its growth according to our expectations. We think that XAG/USD is likely to develop its upside dynamics in the next couple of days.

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


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