MoneyOnComputer

[Adamant Finance]

Technical Outlook June 30, 2017

EURUSD



The currency pair is unfortunately still moving in the same direction not allowing us to open any trades as this tendency is too strong without a single correction. There is important Eurozone inflation data today, which is able to push EUR/USD lower. However, the recent Draghi’s speech provoked a strong upside tendency which is still actual.

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 but then it moved higher by Friday. We think EUR/USD is likely to resume its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to avoid trading today as the price is way far from the MA55 balance line.

GBPUSD



The currency pair is still in a strong upside tendency after the Bank of England Head’s speech. We expected GBP/USD to resume its decline in the beginning of this week but latest central bank head’s comments reversed the price upwards. Those tendencies are too strong and it is impossible to open trades according to our tactics.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations but then moved upwards by Friday. We think GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD



The currency pair failed to offer any opportunity to open long trades as the tendency was getting stronger yesterday and the price was far from the MA55 balance line. We thought that AUD/USD was going to have a moderate growth this week. However, after the ECB and the BOA Head’s speeches, the currency pair accelerated its growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a downside correction last week frustrating our growth expectations. We think that AUD/USD is likely to resume its growth in the next couple of days.

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

USDCHF



The currency pair continued its moderate decline after the heads of central banks comments. There was an opportunity to open short trades from the MA55 balance line and you had a chance to take about 300-400 pips. The currency pair is likely to decline today allowing to sell but we would like to tell that there is a probability of a correction by the end of the week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow frustrating our expectations. We think USD/CHF is likely to resume its growth in the next couple of days.

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


Gold and Silver Technical Outlook June 30, 2017

GOLD (XAUUSD)



Gold bounced off the trend line on the Hourly chart allowing us to sell from there. You could have some great profit, if you managed to enter the market. We think that this is not the end yet and this downside tendency is likely to develop. You can hold your short trades and to try finding other from the MA55 balance line. Those new trades would be of high risks as there is no clear tendency yet.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued it downside dynamics last week according to our expectations but then moved upwards by Friday. We think that Gold is likely to resume its downside dynamics in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the Ma55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver declined yesterday and there was an opportunity to open long trades according to our recommendations. However, later those trades closed by stop losses. The price is trying to reverse, but there is still no tendency. We give no recommendations today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside tendency last week according to our expectations, but then the price went upwards by Friday. We think that Silver is likely to resume 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 unclear.

[Adamant Finance]

Technical Outlook July 3, 2017

EURUSD



The currency pair started its downside correction on Friday and we think it is likely to develop this dynamics in the beginning of this week as there are holidays in the United States tomorrow (The Independence Day). As for Wednesday, there are important US Federal Open Market Committee meeting minutes to be released and the market situation is likely to change. However, the key event of the week is expected on Friday as the US Labor Market data is going to be released this day. The currency pair declined on Friday allowing to open long trades according to the current tendency. We think that EUR/USD is going to decline today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Our downside tendency expectations were frustrated because of the unexpected comments from Mario Draghi. We think that EUR/USD is likely to resume its growth after some correction.

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 at the moment.

GBPUSD



The currency pair declined towards the MA55 balance line on Friday and bounced off it sharply, moving higher for 700pips. There was an opportunity to open long trades. However, GBP/USD is unable to establish new highs and we think it is going to decline today. The tend still looks upwards and it is better to monitor the situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week because of the Head of BoE comments on the probability of monetary policy tightening in the nearest future. We think that GBP/USD is likely to resume its growth in the next couple of days after a correction.

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

AUDUSD



The currency pair approached the MA55 balance line offering opportunities to buy, but the price is trying to establish a correction, which may push AUD/USD even lower. This is the main reason why we advise to avoid trading today. However, the tendency looks upwards and there will be opportunities as far as AUD/USD ends its correction.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week and even moved higher that we thought. We think that AUD/USD is likely to develop its growth in the next couple of days after a correction.

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

USDCHF



The currency pair allowed selling but there was no further decline. However, the price was in the profit area and it was enough to protect your trades. There is no tendency currently and we think it is able to reverse upwards in the beginning of the week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to execute an expected growth. We think USD/CHF is going to decline in the next couple of days.

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


Gold and Silver Technical Outlook July 3, 2017

GOLD (XAUUSD)



Gold continued to decline and if you had short trades, you could reach some new profit highs. Precious metals decline is able to continue and we think you can hold your short trades or to look for new ones from the MA55 balance line. There is the downtrend currently and we think 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. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its downside dynamics in the next couple of days.

There is the 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.

SILVER (XAGUSD)



Silver approached the broken through trend line on Friday on the Hourly chart and bounced off it. There is the downtrend currently and we think that the price is likely to cross the trend line on the Weekly chart.

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

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

[Adamant Finance]

Technical Outlook July 4, 2017

EURUSD



The currency pair declined yesterday according to our expectations and changed its tendency. We think that EUR/USD is going to develop its downside trend today and it is good time to look for short trades. Yesterday’s Eurozone data was mixed and gave no support to the currency pair. There is a holiday in the United States today and trading volumes are expected to be low.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. European Central Bank Head’s comments last week supported the currency pair and EUR/USD had some aggressive growth frustrating our decline expectations. We think that EUR/USD is likely to develop its growth after some correction in the next couple of days.

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

GBPUSD



The currency pair changed its tendency according to our expectations. We think it is good time to look for short trades. Yesterday’s UK data was weaker than expected and this data pushes the currency pair downwards. There is much space for the currency pair to decline and we think there are opportunities today to open trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week because of the Bank of England Head’s comments on the probabilities of monetary policy tightening. We think that GBP/USD is likely to resume its growth after a correction in the next couple of days.

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

AUDUSD



The currency pair continued to create its correction pattern and reversed the tendency downwards. You can try opening short trades but there I one issue to pay attention to. There is important Reserve Bank of Australia meeting today which may offer some surprises such as the unexpected Interest Rates hike or comments on the probability of the Interest Rates hike in the nearest future. If this happens, there will be no reason for selling AUD/USD.

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 and even overcame all our expectations. We think that AUD/USD is likely to develop its growth after a correction in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line, but after the release of the results of the Reserve Bank of Australia Meeting.

USDCHF



The currency pair did an expected growth and reversed its tendency yesterday. It is time to look for long trades. The price is currently far from the MA55 balance line but we think the price is going to reach this indicator today. Nothing can interfere this scenario according to our opinion.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow frustrating our expectations last week. WE think USD/CHF is likely to develop its decline in the next couple of days after some 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.


Gold and Silver Technical Outlook July 4, 2017

GOLD (XAUUSD)



Gold reached its lowest lows for this week and if you have short trades, we advise to close them. There was no opportunity to open new short trades as the price failed to approach to the MA55 balance line. There is a holiday in the United States and the trading volumes are lower than usually.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price’s dynamics was according to our expectations. We think that Gold is likely to develop its moderate 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 avoid trading today as the price is close to the MA-channel border.

SILVER (XAGUSD)



Silver crossed the trend line on the Weekly chart. We have a pattern that proves that this breakout is not fake. There was no opportunity to sell yesterday, as the price did not reach the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Siler was trading according to our expectations last week. We think that Silver is likely to develop its downside dynamics last week.

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 price is close to the lower side of the MA-channel.

[Adamant Finance]

Technical Outlook July 5, 2017

EURUSD



The currency pair failed to reach the MA55 balance line offering no opportunities to sell. However, EUR/USD is fluctuating towards the MA55 balance line today. There is the downtrend currently and we advise to look for short trades. There is important Eurozone data today (Services PMI and retail Sales). However, those releases are unlikely to change the situation. We advise to pay attention to today’s Federal Open Market Committee meeting minutes, which is to be released during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline frustrating our expectations after the European Central Bank head’s comments. We think that EUR/USD is likely to grow in the next couple of days after a correction.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is cloe to the MA55 balance line. We advise to open short trades from the Ma55 balance line area. Place stop losses above the indicator.

GBPUSD



The currency pair continued to decline yesterday but the price is close to the MA55 balance line. There is important UK Service PMI data today and market participants are expecting this statistics to be worse than previous meaning. There is still some potential for the currency pair to decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week after the Head of Bank of England comments on future monetary policy tightening. We think that GBP/USD is likely to develop its growth after a correction.

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

AUDUSD



The currency pair declined sharply after yesterday’s Reserve Bank of Australia meeting results as this governmental body has neutral position frustrating market expectations. There was no opportunity to open short trades as the price offered no chance to do it. If you opened any position, you could have some profit. The currency pair is moving towards the MA55 balance line and we think there will be opportunities to trade.

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

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

USDCHF



The currency pair offered no opportunities to open long trades according to our recommendations yesterday. The price declined towards the MA55 balance line today. We advise to open long trades from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week. We think USD/CHF is going to develop its decline in the next couple of days after a correction.

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


Gold and Silver Technical Outlook July 5, 2017

GOLD (XAUUSD)



Gold was in correction yesterday as there was low volumes because of the US holidays. The upside correction accelerated during the Asian session today and the price approaches the Ma55 balance line allowing to open short trades. We advise to pay attention to the US Federal Open Market Committee meeting minutes release today. Market participants are expecting FOMC members to make hints on the probability of further monetary policy tightening.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was trading according to our expectations last week. WE think that XAU/USD is likely develop its moderate 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.

SILVER (XAGUSD)



Silver moves towards the MA55 balance line. We think that XAG/USD is going to reach this line today and there will be opportunities to trade. We expect the breakout of the trend line on the Weekly chart to be true.

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

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

[Adamant Finance]

Technical Outlook July 6, 2017

EURUSD



The currency pair almost reached the MA55 balance line allowing to open short trades according to our recommendations. The price was in the profit area for 500 pips and it was enough to fix trades and protect earnings. The Federal Open Market Committee meeting minutes showed the intention of the Fed to continue its monetary policy tightening and to do another Interest Rates hike this year. Today there is a large volume of the US important data and the European Central Bank’s meeting minutes. We think that the currency pair has reached its lows and here the decline is likely to stop. This is the reason why we recommend avoiding to trade 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 frustrating our expectations after the unexpected ECB Head’s comments. EUR/USD is likely to grow in the next couple of days after a 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 unclear.

GBPUSD



The currency pair approached the MA55 balance line and offered opportunities to open short trades before the European session today. The price declined for 400 pips allowing you to take profit and to protect the remaining trades. The UK Services PMI data met the market participants expectations but the reaction on this statistics was calm. We think that the currency pair is likely to start to reverse its tendency and we advise to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week frustrating our expectations as the Head of the Bank of England announced the probability of the Interest Rates hike in the nearest future. We think that the currency pair is likely to grow in the next couple of days after a correction.

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

AUDUSD



The currency pair failed to reach the MA55 balance line but it was close to it during the Asian session allowing to open short trades. If you had opened you positions there, your profit could reach about 600 pips for the moment. It is enough to fix your trades. We think that AUD/USD is likely to pause its decline today and we think that sitting on hands is the best tactics for today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week. We think it is going to develop its upside tendency in the next couple of days after a 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 unclear.

USDCHF



The currency pair offered opportunities to sell yesterday according to our recommendations in the beginning of the European session. The price was in the profit area for 500 pips and it was enough to fix positions. The currency pair shows some signs of the probability of a reverse and we think it is a good idea to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think it is likely to decline in the next couple of days after a correction.

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 July 6, 2017

GOLD (XAUUSD)



Gold Stopped to decline as the tensions between the North Korea and the United States rise again. In case of further escalation, Gold price is likely to grow. There was no opportunity to open short trades yesterday as the price was far from the MA55 balance line. We think that it is better to do nothing today as Gold is likely to change its tendency.

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

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

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and reversed aiming new lows. XAG/USD is close to the MA55 balance line now offering opportunities to sell. You can try to open short trades closer to the balance line.

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

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

[Adamant Finance]

Technical Outlook July 7, 2017

EURUSD



The currency pair reversed yesterday according to our expectations and we gave no recommendations for trading. EUR/USD has changed its tendency again and it is able to resume its last week’s growth especially if today’s US Labor Market data is worth than expected. The currency pair reversed its tendency after the release of the European Central Bank meeting minutes, which shows the preparations to cut monetary policy stimulus. We give no recommendations today as there is important US data on the way. We think that the price is going to be trading in a range before this release.

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 frustrating our expectations after the European Central Bank Head’s comments. We think that EUR/USD is going to grow in the next couple of days after a 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 avoid trading today before the release of the US Labor Market data.

GBPUSD



The currency pair reverses its tendency according to our expectations but it does it slowly. We think that it is going to finally change its tendency after today’s US Labor Market data if the release is worse than its previous meaning. There is also UK data today, but we think it is unlikely to change anything in fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline frustrating out expectations last week after the Bank of England Head’s comments. We think that GBP/USD is going to resume its growth in the next couple of days after a correction.

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 before the release of the US Labor Market data.

AUDUSD



The currency pair slowed down its decline and failed to establish new lows according to our expectations. AUD/USD still has some space to develop its decline but everything will depend on the results of the US Labor Market data release.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week. We think AUD/USD is likely to develop its growth in the next couple of days after a 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 unclear.

USDCHF



The currency pair changed its tendency according to our recommendations. We give no recommendations today as we think it is better to make any trading activities after the release of the US Labor Market data. The price is likely to be trading within a range before this release.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that USD/CHF is likely to develop its correction in the next couple of days after a 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 unclear.


Gold and Silver Technical Outlook July 7, 2017

GOLD (XAUUSD)



Gold failed to change its tendency and it is trading on the same levels. XAU/USD is fluctuating within a range as the market participants are waiting for the release of the US Labor Market data. Yesterday’s ADP report was weaker than expected and we think that today’s data is likely to disappoint market participants as well. Gold is able to start its growth in this case.

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today before the release of the US Labor Market data.

SILVER (XAGUSD)



Silver approached the MA55 balance line offering opportunities to open trades. However, the price was in a tight range and it was a good idea to protect trades by the end of the American session yesterday.

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

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

[Adamant Finance]

Technical Outlook July 10, 2017

EURUSD



The currency pair was trading in a range on Friday before the release of the US Labor market data according to our expectations. Than EUR/USD declined as the non-farm employment change data was better than expected.

As for the Average Hourly Earnings data, this statistics has also shown some growth, but the results was a bit worse than forecasted. There is no important data today. As for the statistics this week, we advise to pay attention to the US PI and Retails Sales data which is to be released on Friday. The Federal Open Market Committee Head Janet Yellen is going to speak on Wednesday.

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

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

GBPUSD



The currency pair canceled its tendency reverse after Friday’s UK data, which was worse than expected. This fact resulted in the currency pair decline even before the US Labor Market data, which was better than forecasted. GBP/USD continued its decline during American session as well. We think that the currency pair is likely to resume its growth if the American currency is going to decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations as it continued to decline. 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair is trying to reverse its tendency and those attempts are successful. However, AUD/USD do it slowly. Friday’s US Labor Market and Average Hourly Earnings data was unable to push the currency pair downwards. This fact offers some opportunities for the currency pair to develop its growth in the nearest future. We prefer to monitor the situation today and to take any decisions tomorrow if there are any opportunities.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow frustrating our expectations and continued its decline. We think that AUD/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 above the MA55 balance line. We advise to avoid trading today as the situation is still unclear.

USDCHF



The currency pair stopped its decline on Friday because of the US Labor Market data, which was better than expected. You can try short trades from 0,96550 level according to our trading system. Place stop loss at a distance, equal to 150 pips.

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

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


Gold and Silver Technical Outlook July 10, 2017

GOLD (XAUUSD)



Gold developed its decline after the better than expected US Labor Market data. We had fears that the US data was going to disappoint the market participants but there was no surprises. We think that precious metals are going to develop their downside tendency. The next important statistics to pay attention is US CPI and Retail Sales data, which are to be released on Friday. We think that XAU/USD is likely to decline before those events.

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

There is 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 indicator.

SILVER (XAGUSD)



Silver declined on Friday after better than expected US Labor Market data. Silver had almost no obstacles in its downside tendency. There are some important Federal Open Market Committee members speeches this week, which may have considerable impact on fluctuations.

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

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

[Adamant Finance]

Technical Outlook July 11, 2017

EURUSD



The currency pair offered an opportunity to open long trades yesterday according to our recommendations and the price was in the profit area for 200 pips. It was enough to protect trades and fix positions partially. The currency pair is likely to continue its correction and there is no clear tendency at the moment. We give no recommendations in this situation. We advise to pay attention to the Federal Open Market Committee member Brainard comments today.

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

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

GBPUSD



The currency pair continued its moderate decline and the downside tendency becomes stronger. USD pushes the other currencies down, but everything may change in the nearest future. We think that it is is good idea to look for short trades from the Ma55 balance line area. Pay attention to today’s Monetary Policy Committee members comments, as well as to the Federal Open Market Committee member Brainard speech.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations and continued its correction. We think that the currency pair is likely to develop its growth in the next couple of days.

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

AUDUSD



The currency pair continued to be trading within a tight range. There was even some growth yesterday. The NAB index, released today, was better than expected. We think this event is able to help the currency pair to reach the new weekly highs.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week and continued its correction. We think that AUD/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair continued to grow yesterday and we can see an upside tendency now. If you had opened trades, they were closed by stop losses. The upside tendency is still under construction and the price growth is slow. We think it is a good idea to do nothing today.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to develop its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 11, 2017

GOLD (XAUUSD)



Gold established new weekly lows and started its correction. There was no opportunity to open short trades as the price reached the MA55 balance line during the Asian session for a while. The pattern that we currently can see on the chart indicates on the probability of further upside correction and we give no recommendations today. We advise to pay attention to the Federal Open Market Committee member Brainard speech as it may have some impact on USD fluctuations.

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

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

SILVER (XAGUSD)



Silver established new lows yesterday and then had a sharp growth. We think this fact may indicate on a pause in further decline. We expect Silver to grow towards the trend line on the Hourly chart. There are no recommendations for today as the situation is unclear.

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

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

[Adamant Finance]

Technical Outlook July 12, 2017

EURUSD



The currency pair had a positive reaction on all the European Central Bank member’s comments. USD was under pressure yesterday. There is the uptrend currently and we think it is time to look for long trades. However, the price is close to the upper side of the MA-channel and it is too risky to open trades in this situation.

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

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

GBPUSD



The currency pair offered an opportunity to open short trades from the MA55 balance line, but those positions were closed by stop losses. However, later GBP/USD declined according to our expectations. We think is it a good idea to look for short trade today again.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week and developed its correction. We think that GBP/USD is likely to resume its growth in the next couple of days.

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

AUDUSD



The currency pair continued to be trading with some growth and accelerates its upside tendency. We gave no recommendations yesterday, but there was opportunities to open trades. The currency pair had an upside tendency during the American session and continued to grow today during the Asian session. We think you can try to open long trades if the price allows to do it.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations an developed its correction. We think that AUD/USD is likely to grow in the next couple of days.

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

USDCHF



The currency pair ended its upside tendency yesterday and reversed downwards. However, there is still no change in trend and it is too early to look for short trades. We advise to monitor the price today.

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

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


Gold and Silver Technical Outlook July 12, 2017

GOLD (XAUUSD)



Gold continued its upside correction yesterday and we gave no recommendations. The price crossed the trend line and we think that XAU/USD is going to change its tendency. Target price is close to the next trend line on the Hourly chart.

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

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

SILVER (XAGUSD)



Silver has crossed the trend line on the Hourly chart and is going to develop its growth. We think that this upside tendency is likely to continue until the price reaches the trend line on the Weekly chart (redline). We think it is a good idea to look for long trades.

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

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

[Adamant Finance]

Technical Outlook July 13, 2017

EURUSD



The currency pair declined from the upper side of the MA-channel towards the MA55 balance line yesterday after yesterday’s Federal Open Market Committee head’s speech. Janet Yellen confirmed that the Federal Reserve is going to hike rates step-by-step. FED is planning one more Interest Rates hike this year. However, market participants have doubts that this will happen as their expectations are at 52% level at the moment. The main data to pay attention to today is the US Producer Price Index.

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

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

GBPUSD



The currency pair offered opportunity to open short trades from the MA55 balance line and was in the profit area for 200 pips. It was enough to protect your trades by moving stop losses at breakeven level. Later the currency pair went higher and crossed the MA55 balance line. All trades were closed with no loss and no profit. There is no trend currently and 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 currency pair failed to grow last week frustrating our expectations. We think that GBP/USD is likely to resume its growth in the next couple of days.

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

AUDUSD



The currency pair accelerates its growth yesterday and failed to execute long trades according to our recommendations as the price has not reached the MA55 balance line. We give no recommendations today as the price is far from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations and continued its downside correction. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF



The currency pair continues to be trading with no clear tendency and we think it is too early to look for short trades. However, there are some patterns indicating on the probability of USD/CHF decline in the nearest future. If you have your own trading system, you can try to sell from the MA55 balance line, placing stop losses above the indicator.

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

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


Gold and Silver Technical Outlook July 13, 2017

GOLD (XAUUSD)



Gold bounced off the trend line on the Hourly chart offering an opportunity to open long trades according to our recommendations. However, the price went below the line and stop losses triggered before XAU/USD went upwards.

The next trend line on the Hourly chart is not far from here and we think it is better to do nothing. Yesterday’s price rally was due to the comments of the FED’s head Yellen who told that in case of weak inflation, monetary policy will be adjusted. Those words have disappointed market participants.

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

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

SILVER (XAGUSD)



Silver failed to reach the trend line and there was no opportunities to open long trades. The tendency is strong and we think there is a probability of a strong correction in the nearest future. It is hard to do anything in this situation.

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

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

[Adamant Finance]

Technical Outlook July 14, 2017

EURUSD



The currency pair executed one more downside burst and started to change its tendency. Yesterday’s PPI data showed some growth and was better than expected. This fact gives support to USD. US Consumer Price Index data is going to be released today along with the US Retail Sales. This statistic is likely to have considerable impact on USD.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s fluctuations met our expectations last week as EUR/USD had some growth on Thursday. We think that the currency pair is likely to grow 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.

GBPUSD



The currency pair continued its growth yesterday and there was a change in tendency. We think that it is time to look for long trades but the price is still far from the MA55 balance line. You can open buy orders from the MA13. However, it is better to buy before the American session as there is important US CPI and Retail Dales data on the way, which is able to reverse the price.

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

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

AUDUSD



The currency pair continued to accelerate its growth and is far from the MA55 balance line now. You can try to buy from the MA13, but you would better to do it before the American session as there are important releases, which may provoke the price reverse.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week, frustrating our expectations. We think that AUD/USD is likely to resume its growth in the next couple of days.

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

USDCHF



The currency pair is still trading with no clear tendency and we think it is better to do nothing at the moment. There was no opportunities to open short trades. The situation is not clear and it is better to monitor fluctuations.

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

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


Gold and Silver Technical Outlook July 14, 2017

GOLD (XAUUSD)



Gold had a downside correction yesterday as the US Producer Price Index data was better than expected. We think that XAU/USD is likely to develop its decline if today’s US CPI and Retail Sales data is going to be stronger that forecasted. The current price model indicates on the probability of a decline, but everything depends on the results of the US data releases.

There is no trend on the Weekly chart as the price is close to the MA 55 balance line. Gold declined last week according to our expectations. We think that XAG/USD is going to develop its moderate downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver declined in a more aggressive manner and indicates on the probability of further decline. WE think that today’s dynamics will depend on the results of the US CPI and Retail Sales data. We give no recommendations at the moment, but we think XAG/USD is likely to develop its decline in the nearest future.

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

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

[Adamant Finance]

Technical Outlook July 17, 2017

EURUSD



The currency pair went upwards after the disappointing US CPI and Retail Sales data. There was the opportunity to open short sales according to our recommendations during the European session and to protect those positions.

Later, those trades closed by stop losses. We think that the currency pair is able to develop its growth in the nearest future. There is a very important Eurozone inflation data today, which is able to shake the market.

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

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

GBPUSD



The currency pair continued its growth on Friday and offered an opportunity to buy from the MA13 in the beginning of the European session. The price then moved higher for 1600 pips and you had an opportunity to take significant profit. We think that GBP/USD is likely to develop its growth in the nearest future but the price is close to the higher border of the MA-channel and there is a high probability of a correction.

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

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

AUDUSD



The currency pair continued to accelerate its growth and offered an opportunity to buy from the MA13. If you managed to open trades, you could have around 700-800 pips as a reward. This is a rather good result for the currency pair. We think that after a significant growth last week, the currency pair is likely to go on correction. However, we cannot predict whether it is going to start in the beginning or by the end of the week. Anyway, the price is close to the upper side of the MA-channel and this situation indicates on the probability of a downside correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that AUD/USD is likely to grow 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



The currency pair continues to be trading with no clear tendency and we think it is a good idea to avoid trading today. USD/CHF is likely to leave the range this week and to start a downside movement. The situation is unclear and w think it is better to do nothing today.

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

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


Gold and Silver Technical Outlook July 17, 2017

GOLD (XAUUSD)



Gold went upwards after the weaker than expected US CPI and Retail Sales data. Market participants have doubts, that the decrease in inflation is a temporary factor. This means, there are doubts that the Federal Open Market Committee is going to hike the Interest Rates this year again. IT is still too early to forecast anything, but we think, it is better to be more cautious.

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

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

SILVER (XAGUSD)



Silver is trading with high volatility today with no clear tendency. However, if we look at Gold, there are some probabilities for further growth. Anyway, we advise to buy from the MA55 balance line or from the trend line on the Hourly chart.

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

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

[Adamant Finance]

Technical Outlook July 18,2017

EURUSD



The currency pair reached the MA55 balance line yesterday according to our expectations. However, there was no clear touch of the MA55 balance line. The price failed to do few more pips to do it. There was an opportunity to open long trades and to take profit (about 450 pips). If you held your positions yesterday, there was an opportunity to close them today with better profit during the Asian session. Eurozone CPI data met the expectations and there was no reaction on it. We advise to pay attention to today’s ZEW Economic Sentiment data.

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

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

GBPUSD



The currency pair declined yesterday according to our expectations as there was a downside correction, but during the Asian session GBP/USD went upwards. USD’s decline is due to the Japanese market participants return after their holidays. We advise to pay attention to today’s UK CPI data, which is able to shake the market.

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

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

AUDUSD



The currency pair continued its growth today, during the Asian session, but there was no opportunity to open long trades. The Reserve Bank of Australia meeting minutes showed that the central bank takes a pause in further monetary policy tightening. However, RBA members are not ready to give more stimulus as well. The Reserve Bank of Australia is in the neutral positions at the moment.

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

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

USDCHF



The currency pair started to develop its downside tendency according to our expectations. There was some patterns to open short trades, but there is no tendency at the moment. We think there will be some opportunities to sell from the MA55 balance line today.

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

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


Gold and Silver Technical Outlook July 18, 2017

GOLD (XAUUSD)



Gold failed to decline towards the broken out trend line on the Hourly chart and there was no opportunity to buy according to our recommendations. The price was moving towards the new highs from the MA13. However, there is no clear tendency still and we give no recommendations. We think that price is going to correct from the MQ13 up to the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD had some significant growth last week after the US CPI and Retail Sales data. We think that Gold is likely to develop its moderate upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and the broken through trend line on the Hourly chart and there was no opportunity to open trades. The price is far from the MA55 balance line and we think it is a good idea to do nothing today.

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

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

[Adamant Finance]

Technical Outlook July 19, 2017

EURUSD



The currency pair continued its growth yesterday despite the fact that the Eurozone ZEW Economic Sentiment data was worse than expected. There was no opportunity to open long trades as the price was close to the upper side of the MA-channel and failed to reach the MA13. USD is under the pressure as there are inner US political problems. We advise to pay attention to today’s US building permits data.

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

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

GBPUSD



The currency pair had some growth yesterday on the eve of the UK CPI data release as market participants expected the inflation to grow. However, CPI was worse than forecasted and decreased the expectations of the probability of stimulus tightening by the Bank of England. There was no reason to open long trades after this release, but if you had such an opportunity, your positions closed with small stop losses. We think that GBP/USD is likely to start its downside correction today.

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

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

AUDUSD



The currency pair continued its aggressive growth, which is able to reach 0,80000. We think that AUD/USD is likely to reverse today and the price will not reach the above mentioned level. Anyway, it is difficult to open long trades at the moment.

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

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

USDCHF



The currency pair developed its downside correction yesterday but there was no opportunity to open long trades as USD/CHF failed to reach the MA55 balance line. There was even no chance to sell from the MA13. We think that today the currency pair allows to open short trades from 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 a tight range last week. We think it 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 the MA55 balance line area. Place stop losses above the indicator.


Gold and Silver Technical Outlook July 19, 2017

GOLD (XAUUSD)



Gold continued to be trading with some growth and bounced off the MA13 indicator. We gave no recommendation to buy from there. WE had doubts that XAU/USD is able to develop its upside tendency after a long way. The tendency is slowing down today and we think Gold is likely to go on correction. There is another probability of an upside burst from the MA55 balance line and we advise to buy from there.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. WE advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line yesterday and we think it is going to move closer today. In this case you can buy XAG/USD.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had some growth last week according to our expectations. We think that XAG/USD is likely to develop 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. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

[Adamant Finance]

Technical Outlook July 20, 2017

EURUSD



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

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

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

GBPUSD



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

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator or above 1,30600.

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 20, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook July 21, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 21, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook July 24, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 24, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook July 25, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 25, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook July 26, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 26, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook July 27, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 27, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook July 28, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 28, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook July 31, 2017

EURUSD



The currency pair resumed its growth after Thursday’s correction. German CPI data has shown some growth and the US Prelim GDP data was slightly above the expectations, disappointing market participants. USD was under the pressure on Friday. Market participants are looking forward to see the results of this week statistics including the US Labor Market and Average Hourly Earnings data, which will be released on Friday. There are also many figures from the Eurozone which worth your attention including French and German PMI data. We think that the currency pair is going to start a correction today.

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

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

GBPUSD



The currency pair offered opportunities to open long trades from the MA55 balance line and there was a chance to take profit as the price went in the forecasted direction for 700pips. Market participants are looking forward to see the results of the Bank of England meeting, which takes place on Thursday.

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

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

AUDUSD



The currency pair offered opportunities to open long trades from the broken through trend line on the Hourly chart. The price was in the profit area for 600pips and you had a chance to fix your trades with positive results. There is no growth currently, but we think that the market participants are likely to take a decision whether the currency pair is going upwards or downwards.

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

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

USDCHF



The currency pair Stopped its growth for a while but we think it is going to develop its upside tendency in the nearest future. USD/CHF is trading against correlation as it is growing along with EUR/USD. We think it is better to do nothing today.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 31, 2017

GOLD (XAUUSD)



Gold offered no opportunities to open trades according to our recommendations as the price failed to reach the MA55 balance line. However, there was some growth on Friday and the US Prelim GDP data met the expectations. There are many important events this week including Friday’s US Labor Market and Average Hourly Earnings data, which is able to change the market situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continues its moderate upside tendency last week according to our expectations. We think that XAU/USD is likely to develop 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. We advise to open long trades from the MA55 balance line area. Place stop losses below the indicator.

SILVER (XAGUSD)



Silver failed to offer an opportunity to open trades according to our recommendations. The price didn’t reach the trend line on the Hourly chart. Silver still looks upwards and the price is above the trend line and we think that 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. Silver developed its upside dynamics last week according to our expectations. We think that XAG/USD is likely to continue its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook August 1, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook August 1, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook August 2, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook August 2, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook August 3, 2017

EURUSD



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

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

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

There is the uptrend on the Hourly chart as the MA-channel[img]goes%20up[/img]wards and the price is close to the MA55 balance line. WE advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook August 3, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook August 4, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook August 4, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook August 7, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook August 7, 2017

GOLD (XAUUSD)



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

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the trend line. Place stop losses above the 1261,0 level.

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook August 8, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook August 8, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line or higher. Place stop losses 10 pips above you entering points.

[Adamant Finance]

Technical Outlook August 9, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook August 9, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook August 10, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook August 10, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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