MoneyOnComputer

[Adamant Finance]

Technical Outlook October 19, 2016




EURUSD





The currency pair was in a downtrend yesterday before the US CPI m/m data. However, right after the release of this data, EUR/USD stopped to decline. US CPI met the forecasts and the Core data was worse than expected. Fed pays more attention to the Core CPI. It is the main reason why market participants stopped to buy USD when they have seen the results of the release. We advise to pay attention to today’s US Building Permits data, which may have some impact on USD. There is a probability that this statistics accompanied by yesterday’s weaker than expected Core CPI data is going to exert pressure on USD.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair moved downwards last week. We expect EUR/USD to have an upside correction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We expect the tendency to change in the nearest future.



GBPUSD





The currency pair finally changed its tendency after yesterday’s UK CPI y/y data. Analysts expected CPI growth to increase to 0,9%. However, final result was even better at 1,0% level. The faster inflation growth is the less chances of further monetary easing by the Bank of England are. In addition Mark Carney, Head of the Bank of England expressed his worries about the faster than expected devaluation of the British Pound.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We expect the same tendency to continue this week. However, the latest UK CPI data may change the situation.

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 1,22300-500 area.



AUDUSD





Investors were cautious yesterday and the currency pair was trading without sharp moves. We expect that AUD/USD is going to continue its growth and there will be no fake breakthrough on the Weekly chart. There are some opportunities to open trades today as the price is getting closer to the MA55 balance line. You may try long trades from the trendline on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is no sharp decline of the currency pair. The downside scenario with target at 0,71800 may be cancelled.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the trendline or from the MA55.



USDCHF





The currency pair continues to trade in flat. The downside tendency that we had seen last week had no sequel. USD/CHF is still unsuitable for trading. It is better to avoid trading as there is no clear trend.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week according to our expectations. We expect the currency pair to be trading with no direction this week.

There is no clear trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decision at the moment as the situation is still unclear.






Gold and Silver Technical Analysis October 19, 2016




GOLD (XAUUSD)





Bulls are trying to begin to dominate the market due to yesterday’s US CPI m/m data which was worse than expected. Common inflation data met forecasts. However, Core CPI data was weaker than expected and even worse than previous figure. Fed pays more attention to the Core CPI data. USd is under pressure. Gold growth is still fragile but there is a probability of this increase to continue.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. An upside correction is still progressing. We expect this tendency to continue in the next couple of days.

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



SILVER (XAGUSD)





Silver is growing step-by-step. However, the current technical scenario still prevent further growth. The uptrend was established and you may try long trades today. Bulls may have some difficulties, targets for the growth should be close. There was no opportunity to open short trades according to our recommendations as the price failed to reach 17,30.

There is the uptrend on the Weekly chart and the price is above the MA55 balance line. The upside correction becomes stronger and we expect the uptrend to take force this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You may try long trades from the trendline or from the MA55 balance line. Place stops below the curve.

[Adamant Finance]

Technical Outlook October 20, 2016




EURUSD





The currency pair was trading in both directions and established new weekly lows as the European Central Bank Meeting is approaching. US data was mixed and gave no support to USD yesterday. We advise to pay attention to the European central Bank Meeting today as it may have a considerable impact on the currency pair. If the ECB leaves rates unchanged, pay attention to Mario Draghi comments as they may also be crucial for the fluctuations. Investors expect the ECB to hold current monetary course and make no changes or adjustments.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. EUR/USD had a considerable downtrend last week. We expect the currency pair to have an upside correction in the next couple of days.

The downtrend is in progress 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 curve.



GBPUSD





The currency pair was trading in both directions because of the mixed UK and US data. Claimant Count Change declined to 0,7K. However, previous figures were revised towards 7,1K, which is worse than expected. There was no opportunity to open long trade from 1,22300-500 as the price failed to reach those levels. There is another portion of important US and UK data today. Those releases may have a considerable impact on GBP/USD. We expect the currency pair to correct towards 1,22000. However, we give no recommendations as this correction goes in the opposite direction of the main trend.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair had a sharp decline last week. We expect GBP/USD to continue its downside tendency through an upside correction (which is probable).

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



AUDUSD





The currency pair approached the trendline on the Hourly chart. There was an opportunity to open long trades according to our recommendations. The price was in a profit area for about 600 pips and it was enough to take some profit. We can state that the currency pair tries to break through the trendline. We expect AUD/USD to have a correction in the nearest future.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no sharp decline of the currency pair. It means that the scenario to reach 0,71800 is under question.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decision at the moment as the situation is still unclear.



USDCHF





The currency pair continues to be trading within a range ignoring all even important releases. It is better to avoid trading USD/CHF as the situation remains unclear. We advise to wait for a trend to be established in order to take further steps.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that there will be no direction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. It is better to take no decisions at the moment as the situation is still unclear.






Gold and Silver Technical Analysis October 20, 2016




GOLD (XAUUSD)





There was an opportunity to open long trades from the trendline on the Hourly chart yesterday in the morning. The price went into the profit area for more than 12 USD. US data stimulate XAU/USD correction growth. There is another portion of US data today which may continue to give support to Gold.

The uptrend is in progress on the Weekly chart as the price is above the Ma55 balance line. The upside correction takes force and we expect this tendency to develop in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. However, the price is still too far from the buying area and it is better to wait until the situation becomes more suitable for entering the market.



SILVER (XAGUSD)





XAG/USD gave an opportunity to open long trades from the MA55 balance line according to our recommendations yesterday in the afternoon. Silver has some difficulties to continue its growth and we advise to establish close targets. We also recommend fixing all existing trades and to reopen positions today from the MA55 balance line or from the trendline with close stop losses.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction takes force and we expect XAG/USD to develop this tendency in the next couple of days.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line or from the trendline and place stops below this support.

[Adamant Finance]

Technical Outlook October 21, 2016




EURUSD





The currency pair had a sharp short term momentum after European Central Bank head’s comments. He made hints on the probability of further extension of their bond buying programme. Those comments confused investors for a while. However, the situation stabilised as there are no reasons to end current bond buying programme on March. There are no signaificant changes in the Eurozone economics to undertake such steps. The currency pair declined as investors believe, that the European central bank is going to extend its QE programme. There is no important data in today’s agenda. However, some FOMC members are going to give their comments. There was an opportunity to open short trades after Mario Draghi comments according to our recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined significantly last week. We expect EUR/USD to have an upside correction during this week. However, after the ECB meeting, the currency pair continued to decline.

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



GBPUSD





The currency pair had a change in its tendency after weak UK Retail Sales data and stronger than expected US data. There was a correction towards 1,22000 and we expect it to continue today. We gave no recommendations to trades in the opposite direction of the current trend. However, there is the probability of reverse and we advise to consider 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 and there is a probability that GBP/USD continues this tendency in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. You may try to open short trades from the MA55 balance line or from the trendline on the Hourly chart.



AUDUSD





There was a huge correction yesterday and we expect it to continue today. However, we think that the breakthrough of the trend line on the Weekly chart is done. It may be cancelled only if the price continues to decline aggressively. If this breakthrough is true, the currency pair is going to continue its growth next week.

The uptrend is still in progress on the Weekly chart as the price is above the MA55 balance line. There is no sharp decline of the currency pair and the scenario for AUD/USD to go towards 0,71800 may be cancelled.

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 take no decisions today as the situation is still unclear.



USDCHF





The currency pair has finally left its tight range and went upwards. There is a strong resistance on the Weekly chart but we expect the growth to be limited as it is Friday today. We think that the currency pair may correct towards the Ma55 balance line.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week according to our expectations. We expect USD/CHF to have no direction this week.

The uptrend is progressing on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to take no decision today as the situation is still unclear.






Gold and Silver Technical Analysis October 21, 2016




GOLD (XAUUSD)





XAU/USD went downwards and there is a probability that the precious metal is going to change its current tendency as the trend line was broken through along with the MA55 balance line. US data was stronger than expected yesterday and the interest rates hike odds in December increased. Those odds jumped to 74%. We think that it is due to the better than expected US data and FOMC members’ comments. There is a probability that the upside correction is done.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The correction takes force and this upside tendency may continue this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. The MA-channel did not change its direction and we give no recommendations for today.



SILVER (XAGUSD)





Silver offered and opportunity to open long trades. However, those trades ended with a little stop. XAG/USD had changed its tendency and broke through the trend line on the Hourly chart. The MA-channel had also changed its direction and we advise to open short trades.

The uptrend is in progress on the Weekly chart as the price is above the MA55. The upside correction takes force and this tendency is likely to continue this 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 open short trades from the MA55. Place stops above the curve.

[Adamant Finance]

Technical Outlook October 24, 2016




EURUSD





FOMC member’s comments gave some support to USD on Friday. The currency pair is still under pressure. However, German and French PMI data, which has a positive bias, holds EUR/USD close to the opening level. It is to say, that FOMC members increased Interest Rate hike odds during their Friday’s speeches. Two FOMC members (Dudley and Bullard) are going to give their comments today. Those officials are “hawks” and they may give additional support to USD today in the afternoon. There was no opportunity to open short trades according to our recommendations as the price did not go to the MA55 balance line. We expect the dynamics of fluctuation to copy the last week’s one.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction was short time. We expect the currency pair to continue its downtrend 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 give no recommendations as the price is still too far from the MA55 balance line. It is better to wait until the situation is more stable and clear.



GBPUSD





The currency pair offered an opportunity to open short trades on Friday from the trendline on the Hourly chart. There was an opportunity to take profit as the currency pair went down for some 800 pips. We expect GBP/USD to have a downside bias this week. There is an important manufacturing orders data today. However, this release may have no impact on the currency pair. Today’s MPC member Shafik speech had no influence on fluctuations. However, we advise to pay attention to tomorrows Bank of England head’s speech as it may cover further monetary policy issues.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD was in correction last week. We expect the currency pair to hold this downside bias in the next couple of days.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. There is a kind of a triangle on the Hourly chart and we expect the price to leave it downwards. However, there are some doubts and we give no recommendations.



AUDUSD





The currency pair was in a downtrend for two past days and there is a need in a correction at the moment. We give no recommendations. It is better to avoid trading as the situation is unclear. However, we still believe that the currency pair has enough power to go downwards. It needs some time to implement this scenario.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had made some attempts to grow. However, it declined in the dying moment of the last week. We have no idea what is to happen in the nearest future. However, we believe that there is a probability of further decline towards 0,71800.

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



USDCHF





The currency pair was in a downside correction. However, the decline was short. The price is close to the MA55 balance line and there is an opportunity to search for long trades from this moving average.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had an upside bias last week. We expect USD/CHF to accelerate its growth in the next couple of days.

The uptrend is in progress 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 stops below the curve.






Gold and Silver Technical Analysis October 24, 2016




GOLD (XAUUSD)





XAU/USD ended last week in a positive area as there was some support from the demand in India and China on the eve of the upcoming holidays. However, USD is also growing and this fact have some negative impact on XAU/USD. Interest Rates hike odds increase. Gold is still within a triangle and may remain inside this pattern for the whole week.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction and we expect it to continue this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. The MA-channel reversed but we think that it does not mean the beginning of the downside tendency. We advise to open short trades from 1270,00 area.



SILVER (XAGUSD)





Silver is trading within a triangle and we expect the asset to go down. You may try to open short trades today. XAG/USD is under pressure as FOMC members’ comments give additional support to USD. However, growing demand from India and China give support to Silver.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction last week. We expect it to continue this week.

[Adamant Finance]

Technical Outlook October 25, 2016




EURUSD





Both stronger than expected US Manufacturing PMI data and FOMC members’ comments allowed EUR/USD to go down during American Session confirming that the downtrend is still actual. However, there was no clear tendency yesterday. We expect this dynamics to continue today and we give no recommendations for trading. There is an important data during American session (CB Consumer Confidence). We advise to pay attention to it. However, this data may have no influence on fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction was short and limited. We expect the currency pair to continue to decline in the next couple of days.

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



GBPUSD





The currency pair left a tringle confirming our yesterdays’ hesitations. We thought that after a strong downtrend the price is going to correct and there was an opportunity to start a correction in the beginning of the week. There is no important UK data today. However, we advise to pay attention to Bank of England Head’s Carney speech. The correction is likely to continue during today’s sessions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some correction last week and we expect the price to correct during this week as well.

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



AUDUSD





The currency pair is going into a correction phase. There is no clear bias and we give no recommendations. Trend looks downwards. However, the price is doing a correction before it may go further downside. The currency pair is above the MA55 balance line and there is a probability of a reverse.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair made some attempts to grow. However, it declined in the dying moments of the last week. We have no idea how this situation is going to develop. However, the scenario of decline towards 0,71800 is still actual.

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 at the moment as the situation is still unclear.



USDCHF





The long trades from the MA55 area were unsuccessful and short stop losses triggered. The uptrend is slowing down and there is a probability of reverse even today. Anyway, it is better to avoid trading in this situation as there are many question concerning further fluctuations.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued its growth last week. We expect USD/CHF to accelerate its uptrend in the next couple of days.

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






Gold and Silver Technical Analysis October 25, 2016




GOLD (XAUUSD)





XAU/USD made a sharp upside burst but then returned to its previous positions. Strong US data gave some support to USD. Yesterday’s session ended almost on the same level as it started. Short trades from 1270,00 according to our recommendations were unsuccessful. The price is close to the upper side of the triangle. There is a probability that XAU/USD is going to decline today. There is still a probability that the precious metal is going to break through the upper side of the triangle. However, it is still too early to take any decision. If you want to trade today, you may try short positions from the upper side of the triangle. Place stop losses above this line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction last week. We expect it to continue this week.

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



SILVER (XAGUSD)





The short trades were unsuccessful as the price broke through the upper side of the triangle. Sell were fixed by stop losses. It is to mention that silver had already changed its tendency. We advise to avoid short trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction is likely to continue this 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 open long trades from the MA55 balance lie. Place stops below the curve.

[Adamant Finance]

Technical Outlook October 26, 2016




EURUSD





The currency pair established new lows yesterday during the European session. However, US CB Consumer Confidence data was worse than expected and this statistics exert some pressure on USD. The currency pair went back to previous levels. It is to notice that Interest Rates hike odds increased again and reached 78,5%. This fact is going to support USD in the nearest future. There is no important data to follow neither from USA, nor from the Eurozone today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction was short and limited in time. We expect the currency pair to continue its decline this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open short-term long trades from the MA55 balance line are. Place stops below the curve.



GBPUSD





The currency pair declined sharply on fears of further easing by the Bank of England regardless the rising inflation. Mark Carney, head of the structure said yesterday, that the Bank of England is going to use all available tools to support inflation growth. However, later it restored partially its positions on worse than expected US CB Consumer Confidence data. We think that automated short trades orders triggered as they did not long ago. The trendline on the Hourly chart was broken through. We think that the downtrend is going to continue.

Bears still dominate on the Weekly chart as the price is below the MA55 balance line. There was a correction last week. We expect the currency pair to continue its decline this week.

The downtrend is in progress 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 at will.



AUDUSD





The currency pair went upwards on the better than expected Australia CPI data. This data indicates on the fact that the Reserve Bank of Australia is not going to cut Interest Rates lower. The currency pair is able to continue its growth on both technical and fundamental factors. The bias of fluctuations changed and the currency pair looks upwards at the moment.

Bulls are still dominating on the Weekly chart as the price is above the MA55 balance line. The currency pair had made some attempts to grow but it declined in the end of the last week. It is still unclear whether AUD/USD goes upwards or downwards. However, we still think that the currency pair is able to go towards 0,71800.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. There was a good opportunity to open trades from the MA55 balance line today in the morning. It is better to avoid trading at the moment and wait for clear signals.



USDCHF





The currency pair had an attempt to grow. However, the upside burst was short-term. It is to say that Euro had already changed its tendency and we expect USD/CHF to decline in the nearest future. There is still no trend but you may try to put the cart before the horse.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued to grow last week. We expect USD/CHF to accelerate its upside tendency in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses at 150-200 pips from the opening level.






Gold and Silver Technical Analysis October 26, 2016




GOLD (XAUUSD)





XAU/USD broke through the upper side of the triangle although it was almost impossible. There is the uptrend at the moment and you may try to search for long trades. We expect XAU/USD to grow towards 1280,00. Then there is a probability of a correction. There will be an opportunity to open long trades during this correction from the MA55 area.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction took place last week and it may continue in the nearest future.

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



SILVER (XAGUSD)





We advised to buy Silver yesterday. However, the price did not reach the MA55 balance line to open trades. Finally, XAG/USD went upwards but we had no opportunity to enter the market. It is recommended to look for long trades only.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We expect that the upside correction is going to continue this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to wait until the price reaches the MA55 and then try to open short trades.

[Adamant Finance]

Technical Outlook October 27, 2016




EURUSD





There was an opportunity to open long trades from the MA55 area yesterday. The currency pair had some growth and allowed to take about 600 pips as profit. Then, the currency pair declined as the US Service PMI data was better than expected. Experts expected this data to be worse than previous one. However, as you may see, Service PMI was even better than expected. There is another set of US data today. We advise to pay attention to the US Durable Goods orders as this statistics may influence further EUR/USD direction for today. Unemployment Claims data is also worth your attention.

There is still no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction is done already as it was limited in time. We expect the currency pair to continue its decline this week. However, it is important to pay attention to fundamental factors.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. There is a good opportunity to enter the market today. However, everything may change after the US data. In addition, the currency pair is unable to break through the trend line. We advise to avoid trading as the situation is unclear.



GBPUSD





The currency pair offered an opportunity to open short trades from the trend line. However, there was no further decline. The currency pair went down for about 250 pips and it was enough to protect your trades. You had a chance to move stop losses to breakeven area. The situation is still unclear and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Last week was corrective and we expect the currency pair to continue to go down in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to do nothing at the moment as there are some doubts about further situation development.



AUDUSD





The currency pair fails to go upwards. There was another attempt to resume the uptrend but it was unsuccessful. It means that AUD/USD is unable to continue the upside tendency. It is better to consider short trades. The tendency still has no changes but this significant downside move may lead to a break of the uptrend tomorrow.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair made some attempts to grow but it declined in the end of the last week. The situation is still unclear. There is a probability that AUD/USD is going to decline towards 0,71800 in the nearest future.

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 take no decisions at the moment.



USDCHF





The currency pair moved down sharply yesterday and if you had an opportunity to open short trades according to our recommendations, you would have a chance to take some profit. USD/CHF declined to the profit area for about 450 pips. Trend is still neutral and we advise to avoid trading at the moment.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued its growth last week. We expect USD/CHF to accelerate its growth in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decision presently as the situation is still unclear.






Gold and Silver Technical Analysis October 27, 2016




GOLD (XAUUSD)





There was no growth to 1280,00 as the price went on correction. We think that there is more space for Gold to grow. However there are some signs that the current tendency may be changed, especially if the price is going to break through the trend line. If XAU/USD fails to break through the line, there will be an opportunity to open long trades from the MA55 balance line area.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction is still developing and we expect it to continue this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. You may try long trades from the MA55. Place stop below the trendline.



SILVER (XAGUSD)





There was a correction towards the MA55 balance line and you had an opportunity to open long trades. However, the price declined even deeper and triggered stop losses. It is better to open long trades as the price is still higher than the trendline. However, there is no trend at the moment and we advise to avoid trading.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is an upside correction and we expect it to develop in the next couple of days.

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

[Adamant Finance]

Technical Outlook October 28, 2016




EURUSD





The currency pair made another unsuccessful attempt to break through the trendline. It is clear that this trendline prevents EUR/USD from further growth. In this case we gave no recommendations. There is a probability that the currency pair is going to develop its downside tendency. There are many signs of further downtrend. Yesterday’s US data almost met the expectations. However, if today’s US statistics is better than expected, there is a probability of decline. However, the MA-channel still looks upwards. 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. The upside correction was short-term and limited in time. We expect the currency pair to decline in the next couple of days.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We think that here is a good position to open short trades. However, as we have previously mention, the uptrend is still dominating the market. We give no recommendations.



GBPUSD





The currency pair had some growth yesterday after the release of the Prelim UK GDP q/q data. Previous meaning was 0,7%. This time it fell down to 0,5%. However, it was better than 0,3% forecasted. It is to mention that the currency pair growth changed with a considerable decline. It is to mention that UK data is better than expected, but the currency pair has a downside bias. We think that it is possible that GBP/USD is going to cross the trendline and establish new lows.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen a sort of a correction last week. It is probable that the decline is going to continue this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. We advise to take no decision today, as the situation is still unclear.



AUDUSD





The currency pair changed its direction according to our expectations. It is time to look for short trades. We advise to open trades from the MA55 balance line as it is safer to start working from this area. However, there is a probability that the currency pair will be unable to reach that area. If this happens, we advise you to search for entry points on your own.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. The currency pair made attempts to grow. However, it declined in the last days of the last week. It is still unclear what is to happen in the nearest future. However, we think that the scenario to reach 0,71800 is still actual.

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 stops above the curve.



USDCHF





The currency pair continues to be trading within a horizontal range. There is a probability of an upside momentum today. We advise to follow US Prelim GDP q/q data as it may change market situation significantly. Anyway, USD/CHF was here for a long time and it is possible that there will be a sharp momentum.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continues its growth and we expect it to accelerate this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decision today as the situation is still unclear.






Gold and Silver Technical Analysis October 28, 2016




GOLD (XAUUSD)





There was an opportunity to open long trades from the MA55 balance line (or from the trendline). However, later we have seen that the growth had almost no progress. The currency pair offered a chance to fix positions with some small profit. You had also an alternative to leave your trades as they were. However, there is a probability of changes in the current trend. We advise to search for short trades.

The uptrend is still in progress on the Weekly chart as the price is above the MA55 balance line. There was an upside correction last week and we expect it to continue.

There is the downtrend on the Hourly chart as the MA-channel goes downwards but the price is close to the MA55 balance line. You may try to open short trades if the currency pair breaks through the trendline. Place stop losses above the curve.



SILVER (XAGUSD)





XAG/USD failed to decline towards the trendline to offer opportunities for long positions. However, if you had a chance to buy from the trendline area, there was some small growth and an opportunity to take small profit. The tendency has already changed and we advise to search for short signals from the broken through trendline.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction and we expect it to continue this week.

The downtrend is in progress 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 positions when the price breaks through the trend line. Place stop losses above the MA55.

[Adamant Finance]

Technical Outlook October 31, 2016




EURUSD





The currency pair went upwards on Friday regardless the better than expected Advance GDP q/q US data. It was truly unpredictable as everything hinted on further decline of EUR/USD. Experts think that USD fall was due to new FBI investigation concerning US candidate Clinton private email that was used to transfer secret data. However, advance GDP US data was better than expected and Interest Rates hike odds rise again There is a probability of the uptrend to accelerate and we advise to search for long trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was in a flat last week and then went upwards on Friday. We think that the upside correction is on the way and it may target 1,11500.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The currency pair is still far from the MA55 and we give no recommendations for the EUR/USD today.



GBPUSD





The currency pair was trading with an upside bias despite the better than expected US Advance GDP q/q data. There was no new lows established. However, the lower trend line change its position. It looks like being more logical at the moment. It is difficult to predict further currency pair dynamics at the moment. We think that the downside bias it preferable as GBP is still under pressure after Brexit referendum.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair had a correctional mood last week. However, there is a probability of further decline at any moment.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. There is a probability of a correction towards the upper trend line. Then, we expect the currency pair to resume its downtrend.



AUDUSD





The currency pair failed to reach the MA55 balance line and there was no opportunity to open short trades according to our recommendations. AUD/USD has crossed the balance line today and there is a probability of change in current trend. However, if there is some further growth it may target 0,76800 only and then we expect the currency pair to decline again.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair attempted to grow but it declined in the end of the last week. We still have no idea how this situation is going to develop. However, we think that the downside scenario targeting 0,71800 is still actual.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. We advise to take no decisions at the moment as the situation is unclear.



USDCHF





The currency pair had a downside momentum last week. We expected it to go upwards and gave no recommendations. USD/CHF was in a downtrend but the price is still far from the MA55 balance line and we give no recommendations. We think that the price is going to correct towards the balance line and there will be some opportunities to open trades tomorrow.

There is no trend on the Weekly chart as the price is fluctuating around the MA5 balance line. There was no growth acceleration. USD/CHF reversed its tendency instead. We expect the currency pair to continue its decline in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decision at the moment as the situation is stil unclear.






Gold and Silver Technical Analysis October 31, 2016




GOLD (XAUUSD)





There was an opportunity to open short trades when the price crossed the trendline. XAU/USD was in a profit area allowing to fix successful positions. However, the price went upwards on Friday’s evening and this reverse was due to the political situation in the USA (as some experts say). USD lost some positions as tension is growing on the eve of US presidential. Even stronger than expected US Advance GDP q/q data was unable to support USD.

There is the downtrend on the Weekly chart as the price is above the MA55 balance line. The upside correction becomes faster and may target 1306,00.

The uptrend is in progress 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 stops below the curve.



SILVER (XAGUSD)





There was no breakthrough of the trend line and short trades failed to be executed according to our recommendation. XAG/USD changed its tendency as well and we advise to search for long trades. It is better to wait until the price goes towards the MA55 balance line.

The uptrend is on progress on the Weekly chart as the price is above the MA55 balance line. The upside correction continues and we had to adjust the red trendline. We expect this dynamics to continue this week.

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

[Adamant Finance]

Technical Outlook November 1, 2016




EURUSD





The currency pair was in a local downtrend before the American session and even reached the balance line. Eurozone Flash GDP q/q data met the forecasts but the US data was mixed. Personal Spendings met the forecasts and the Chicago PMI was worse than expected. USD was under the pressure during American session. The currency pair was trading within a range and this tendency is likely to continue today on the eve of tomorrow’s FOMC meetings.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had no clear bias last week and then went upwards on Friday. We think that this fact proves the beginning of a correction that may last up to 1,11500.

The uptrend is still in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The currency pair is trading within a range and you may try long trades from the MA55 balance line with close targets.



GBPUSD





The currency pair was trading with an upside bias yesterday after weaker than expected US Chicago PMI data. There was a growth towards the upper trendline, that we had expected previously. We gave no recommendations as there was the downtrend. Today we expect the price to bounce off the upper trendline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a sort of correction last week. However, we expect the currency pair to continue its decline in the nearest future.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We think that there is a probability of a bounce off from the upper trendline. However, we give no recommendations as the trend still looks upwards.



AUDUSD





The currency pair went upwards to the expected 0,76800 area and we think that there is a probability of a correction from there. There was a reverse and there is the uptrend at the moment. The currency pair fluctuates according to our scenario. However, we give no recommendations as we do not advise to trade against the trend. The Reserve Bank of Australia took a decision to leave its monetary policy unchanged.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair made some attempts to grow but it declined in the end of the last week. It is still unclear whether AUD/USD is going to grow or decline. However, we think that it is able to went downwards towards 0,71800.

The uptrend is in progress on the Hourly chart as the price is above the MA55 balance line and the MA-channel goes upwards. We advise to avoid trading at the moment as the situation is still unclear.



USDCHF





There was a correction towards the balance line as we had expected and we advise to search for short trades along the current trend. Today there is an important Swiss Retail Sales data. This statistics may exert pressure on CHF.

There is no trend on the Weekly chart as the price is still fluctuating around the MA55 balance line. There was no acceleration of growth and the tendency reversed. We expect the currency pair to decline further this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the curve or above the trendline that is even better.






Gold and Silver Technical Outlook November 1, 2016




GOLD (XAUUSD)





There was an opportunity to open long trades according to our recommendations. However, eventual profit was too small. If you position is still in play, you can protect it by placing stop loss at breakeven level and partially fix your trades. There is still some support to XAU/USD. However, the situation is unstable and this support may disappear at any moment. We are on the eve of the FOMC meetings.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction becomes stronger and may last until 1306,00.

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



SILVER (XAGUSD)





There was no opportunity to open long trades as XAG/USD was far from the safe area for trading. However, we may state that the uptrend is in progress and even accelerates. You nay try to open long trades today if the prices gets closer to the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction is still progressing. We had to adjust the red trendline. We expect XAG/USD to trade with the same dynamics this week.

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

[Adamant Finance]

Technical Outlook November 2, 2016




EURUSD





The currency pair had a sharp growth yesterday after the latest news concerning US Presidential. FBI continues its investigation against Clinton and Donald Trump has some advantage. This candidate is a dark horse and nobody has no idea what to expect from him. That is why incertitude grows as it is hard to say what trump is going to do if he wins the elections. Tension increases and the situation is unstable. There was no opportunity to open long trades according to our recommendations as the price did not reach the MA55 balance line. The key event for today is the FOMC meeting. We advise to pay attention to this meeting.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was in a horizontal range last week and then went upwards on Friday. It is probable, that the correction started. It may target 1,11500.

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



GBPUSD





The currency pair crossed the trendline on the Hourly chart. However, the breakthrough was no clear. The trendline is not important or it should be adjusted. There was no further growth of the currency pair as UK Manufacturing PMI was even worse than expected. We think that the currency pair still has some potential for further growth. However, the upside tendency is going to be unstable. The main event for today is the FOMC meeting. Also, we advise to pay attention to ADP Non-Farm employment change.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction last week. We think that this correction is going to continue in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You may try long trades with low volumes from the MA55 curve.



AUDUSD





The currency pair bounced off 0,76800 area according to our expectations. AUD/USD is fluctuating according to the scenario that we have predicted previously. We gave no recommendations as those trades will be against the main direction. We expect the currency pair to continue its growth today you may try to open long trades along the uptrend. Particular attention should be paid to the FOMC meeting and we advise to protect your trades before this event.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair made some attempts to grow but declined on Friday. The destiny of AUD/USD is still unclear. However, we think that it has chances to reach 0,71800.

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 curve.



USDCHF





The currency pair almost reached the MA55 balance line and there was an opportunity to open short trades according to our recommendations. Those positions could bring you about 1600 pips. It is rare to see such a momentum if we talk about USD/CHF. However, you had a chance to fix your profit. We advise to pay attention to the FOMC meeting today as this event may influence fluctuations.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There was no growth acceleration last week. The price reversed and we expect the currency pair to go downwards this 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 take no decision as the situation is unclear.






Gold and Silver Technical Outlook November 2, 2016




GOLD (XAUUSD)





If you had Long trades from Monday, there is enough profit there at the moment. However, it is impossible to open new trades as the price did not went towards the balance line. USD is still under pressure as FBI continues to investigate Clinton’s private mail affair. Donald J. Trump is on the lead at the moment. It is hard to say what is going to be if this candidate becomes US president. US FOMC meeting is the main event for today and we advise to avoid trading.

There is the uptrend on the Weekly chart a the price is above the MA55 balance line. The upside correction takes force and may last until 1306,00.

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



SILVER (XAGUSD)





Silver did not reach the balance line and there was no opportunity to open long trades according to our recommendations. The uptrend is accelerating offering not a single possibility to enter the market. The FOMC meeting is the main event today and we advise to avoid trading.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We have adjusted the red trendline. There is a probability that the last week’s dynamics is going to continue.

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.

[Adamant Finance]

Technical Outlook November 3, 2016




EURUSD





The currency pair resumed its upside tendency as the situation with US Presidential campaign is still unclear. Investors had no doubts that Clinton is going to win before the beginning of this week. However, thinks have changed and Donald J. Trump has chances to win as well. This turbulence has a significant impact on markets as even key players have no idea what Trump is going to do if he becomes the US President. The results of yesterday’s FOMC Meeting shows signs of a probability of Interest rates hike in December. However, if trump wins the elections, we are not sure that the FOMC decides to hike Rates because of a possible market turbulence.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was in a flat last week but grew on Friday. There is a probability of a correction that may last until 1,11500.

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 price is still close to the upper side of the MA-channel.



GBPUSD





The currency pair offered an opportunity to open long trades in the morning and it was in a profit area for more than 1200 pips. It is better to fix this trade at the moment if you did not do it still. The upcoming Bank of England’s MPC Meeting along with the UK Services PMI may have a considerable impact on GBP/USD and the fluctuations may be in both directions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a sort of correction last week but we expect the currency pair to resume its downtrend at any moment.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We recommend avoiding trading today as the price is far from the Ma55 balance line.



AUDUSD





The currency pair went upwards along the trend for 500 pips and there was an opportunity to take about 300 pips as profit. There was a decline towards the balance line today in the morning. The currency pair offered an opportunity to open long trades. We think that there will be another chance to buy from the MA55 today. We advise to carefully follow fluctuations.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair made attempts to grow but declined in the end of the last week. We still have no idea what is going to happen in the nearest future. The probability to reach 0,71800 is still actual.

The uptrend is progressing 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. Place stop losses below the lower trend line.



USDCHF





The currency pair was trading close to the lower side of the MA-channel offering no opportunities to open trades. This area is too risky to buy or to sell as there is a probability of a good correction. We advise to take no decisions at the moment. It is better to wait for a correction towards the balance line.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There was no growth acceleration and the tendency reversed. We think that the downtrend is going to develop this 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 take no decisions at the moment as the situation is still unclear.






Gold and Silver Technical Outlook November 3, 2016




GOLD (XAUUSD)





XAU/USD continues to grow despite the probability of Interest Rates hike in December. However, the situation with US Presidential remains unclear. Investors search for safe assets and choose gold instead of USD. We think that in case if Trump wins the elections, there is a probability of market turbulence and FOMC will not be able to hike Rates. There is no opportunity to open any trades as the price is far from the balance line. The currency pair is ready for a correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction becomes stronger and may last until 1306,00.

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 take no decisions at the moment.



SILVER (XAGUSD)





Silver continues its growth. There is no opportunity to open trades as the price is far from the balance line. There is a probability of a correction if price is unable to establish new highs.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction resumed last week and we had to adjust the red trendline. We expect this dynamics to continue this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decisions at the moment.

[Adamant Finance]

Technical Outlook November 4, 2016




EURUSD





The currency pair made a sharp reverse from upside to downside. Investors decided to fix their positions before Fridays US Labor Market data to protect themselves from surprises. The majority of market participants knows that US Labor Market data releases every month and they try to avoid trading as it is too risky. You may try to open trades after the release if this data is to be better or worse than expected. However, we do not give any recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading in a horizontal range last week. We think that a correction begins. It may last until 1,11500.

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 take no decisions before the release of the US Labor Market data today.



GBPUSD





The currency pair had a considerable growth yesterday. London Court prevents British government from taking any further Brexit steps without Parliamentary approval. It means that May’s plans to start brutal Brexit on March 2017 are in danger. Market participants reacted immediately as there is a probability that this procedure is not going to be simple. Bank of England decided to leave current monetary policy unchanged. There is a very important US Labor Market data today and we give no recommendations as it is too risky to trade before the release.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction last week and we expect the currency pair to continue this tendency in the nearest future.

The uptrend is progressing 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 upper side of the MA-channel.



AUDUSD





The currency pair approached the MA55 balance line and there was an opportunity to buy according to our recommendations. However, there was no further growth as the US Labor Market data is to be released today. The upper trendline was broken through and we think that the currency pair is going to continue its upside tendency in the nearest future. You may place stop losses at breakeven level and hold your opened trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair attempted to grow but declined in the end of the last week. We still have no idea how this situation is going to solve. However, there is a probability that the currency pair is going to reach 0,71800.

The uptrend is in progress 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 as long as it is possible according to the situation.



USDCHF





The currency pair is in the area where the downside tendency may be broken. The MA-channel is horizontal and the price is above the Balance line. However, there is an important US Labor Market data today and we advise to avoid trading.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There was no growth acceleration and we have seen the tendency to reverse last week. We expect this trend to continue in the nearest future.

There is no trend on the Hourly timeframe as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to take no decisions at the moment.






Gold and Silver Technical Outlook November 4, 2016




GOLD (XAUUSD)





XAU/USD started its correction yesterday. As we have noticed previously, the price was in a area, which was hard to breakthrough. Market participants decided to fix their long positions because of the US Labor Market data which is to be released today. Investors prefer to avoid risks as this data provoke high volatility.

There is the uptrend on the Weekly timeframe as the price is above the MA55 balance line. The upside correction may last until 1306,00.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We give no recommendations today as important US Labor Market data is to be released.



SILVER (XAGUSD)





Silver was unable to establish new highs and a correction started according to our expectations. The downside tendency is in place and we could even give recommendations to open short trades. However, we advise nothing as the US Labor Market data is approaching and it is better to avoid trading before the release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is an upside correction and we had to adjust the red trendline. We expect the upside dynamics to continue this week.

There is the downtrend on the Hourly timeframe as the MA-channel goes downwards and the price is below the MA55 balance line. We give no recommendations today as the important US Labor Market data may provoke high volatility.

[Adamant Finance]

Technical Outlook November 7, 2016




EURUSD





Friday’s US Labor Market data was not surprising and market reaction to it was quiet. This new week started with a sharp USD growth as FBI decided to not to institute the proceedings against Clinton. The main event for the upcoming days is US Presidential elections. They are to take place on Tuesday. We advise to avoid trading today and tomorrow as technical patterns may be broken. We expect the volatility to grow considerably. According to the latest interviews, Hillary Clinton has some advantage again.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair reached 1,11500 target last week. We expect US Presidential elections to have a considerable impact on the currency pair.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decisions today as the US Presidential elections are coming soon and we have seen the tendency to be broken on the eve of this important event.



GBPUSD





The currency pair continued its growth as the High Court of London vetoed the Brexit procedure without parliamentary approval. It means that The Brexit may be delayed. This event influenced the currency pair for two days. However, during weekend there was another important news coming from the USA and GBP/USD bias changed to downside. We expect the currency pair to react on all events concerning the US Presidential campaign.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair growth last week was influenced by some fundamental factors. We expect USD to continue its upside tendency if Clinton wins the elections.

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 we expect the volatility to grow on the eve of the US Presidential elections.



AUDUSD





Long trades were fixed at breakeven level as there was no further growth. We think that the currency pair may fall any moment as the time for growth is already in the past. However, we advise to wait until the results of the US presidential elections in order to take any further steps.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The situation is still disputable at the moment and we advise to take no decisions. However, we think that the currency pair may reach 0,71800.

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 before the release of the results of the US Presidential elections.



USDCHF





The currency pair is still trying to break a downside correction. The volatility is growing on the eve of the US Presidential elections. We advise to avoid trading at the moment as it is still unclear who is going to win the elections.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair declined according to our expectations. It is hard to establish a clear direction as everything depends on the US Presidential elections results.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to take no decisions at the moment.






Gold and Silver Technical Outlook November 7, 2016




GOLD (XAUUSD)





GOLD had almost no reaction on US labor Market data on Friday. This data was worse than expected. However, XAU/USD was unable to establish new highs. USD is growing today in the morning as FBI announced that it is not going to institute proceeding against Clinton. US Presidential elections are going to take place tomorrow. We advise to avoid trading before the results of the event.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction reached 1306,00 last week. However, the situation is unstable and we advise to avoid trading today.

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 on the eve of the US Presidential elections.



SILVER (XAGUSD)





Silver continued to develop its downside dynamics. XAG/USD reacted on news that FBI is not going to institute proceedings against US candidate Clinton. WE advise to avoid trading at the moment as US Presidential campaign has considerable impact on the market.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. An upside correction continued last week according to our expectations. It is hard to predict fluctuations this 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 before the end of the US Presidential campaign.

[Adamant Finance]

Technical Outlook November 8, 2016




EURUSD





The currency pair declined yesterday on the eve of the US presidential elections. FBI will not institute proceedings against Clinton. This news supported USD. US Presidential elections have already started and we will soon know the results of this campaign. We advise to avoid trading at the moment as technical analysis may fail at any moment and the volatility is expected to be high.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair almost reached its target at 1,11500 last week. We expect the currency pair to be trading according the results of the US Presidential campaign.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the Moving Average with 55 period. We can see the tendency to break and the volatility to increase in the eve of the US Presidential elections.



GBPUSD





The currency pair changes its tendency on Monday as USD started its uptrend. The expectations that Clinton is going to win elections grow and USD rules the market as US Presidential elections is the main event for today and even for this week. We advise to avoid trading today as technical analysis may fail and the volatility is growing.

The downtrend is in progress on the Weekly chart as the price is below the Moving Average with 55 period. The currency pair growth last week was due to fundamental factors. We expect USD to resume its uptrend this week if Clinton is going to win the elections.

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 before the release of the results of the US Presidential elections. The situation is still unstable.



AUDUSD





The currency pair did some steps yesterday that may be a sign of further AUD/USD growth. There is an opportunity to open long trades from the MA55 balance line at the moment. However, we advise to wait until the end of the US Presidential elections which take part today. We expect the volatility to grow and trading is too risky at the moment.

There is the uptrend on the Weekly chart as the price is above the Moving Average with 55th period. The situation is still unclear and we advise to continue to monitor the chart. However, there is still the probability of the downside move towards 0,71800.

The Hourly chart shows the uptrend as the MA-channel goes upwards and the price is close to the balance line (MA55). We advise to take no decisions at the moment as the situation is still unclear.



USDCHF





There was an opportunity to open long trades today. However, we advise to avoid taking any actions before the release of the results of the US Presidential elections. It is too risky to enter the market at the moment as the volatility may increase anytime.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair was trading in a downside bias according to our expectations. It is still hard to determine a bias of fluctuations as everything depends on the results of the Presidential elections.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decisions at the moment as the situation is still unclear.






Gold and Silver Technical Outlook November 8, 2016




GOLD (XAUUSD)





XAU/USD declined on Monday after the FBI announced it will not institute proceedings against US candidate Clinton. We expect this decline to slow down as market is waiting for the results of the elections. If Clinton is going to win it, there is a probability of further USD growth.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction reached 1306,00 last week. There is a probability of many surprises this week and we advise to take any decisions only after the end of the US presidential campaign.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading before the release of the results of US Presidential campaign.



SILVER (XAGUSD)





Silver declined and then stopped within Thursday’s range. The market is waiting for the results of the US Presidential campaign. We advise to take no decision at the moment as the volatility is likely to grow as well as the risks.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction last week according to our expectations. It is hard to predict a bias this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. It is better to avoid trading at the moment as the situation is still unclear.

[Adamant Finance]

Technical Outlook November 9, 2016




EURUSD





Donald Trump reached the necessary 270 votes to become 45th president of the USA. The currency pair had a sharp upside momentum today in the morning. USD was losing its positions on news telling that Trump was in the lead of the Presidential campaign. We advise to avoid trading at the moment as it is unclear what is going to happen next. There was a sharp momentum and then we have seen a correction, which won back all previously gained positions.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair reached 1,11500 level last week. However, the currency pair is going to be trading according to fundamental factors this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. The volatility was large today in the morning. It is better to avoid trading at the moment.



GBPUSD





The currency pair had weaker reaction on the US Presidential campaign results than the others. However, there was some growth and GBP/USD declines at the moment. Donald Trump won the elections with more than 270 votes necessary. We advise to take no decisions at the moment as the market situation is still unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair growth last week was due to fundamental factors. We expect USD to resume its growth if Clinton wins the elections. However, there may be an upside momentum if Trump becomes the President.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. There is an increase in volatility today in the morning.



AUDUSD





The currency pair was trading in a different manner yesterday and today we see it clearly. However, everything is changing very fast and the direction of quotes is changing. We advise to wait until the situation normalizes in order to take any further steps.

There is the uptrend on the Weekly chart as the price is above the Moving Average with period 55. The situation is truly disputable and we advise to avoid trading at the moment. It is better to monitor simply fluctuations waiting for better opportunities. However, the scenario to reach 0,71800 is still actual.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. The volatility is growing and we advise to avoid trading at the moment.



USDCHF





We have seen some volatility growth today as the US Presidential Campaign was coming to the end. We advise to avoid trading at the moment as the situation is still unclear. Donald Trump won the elections and fluctuations becomes more stable.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair was trading downwards according to our expectations last week. It is hard to predict what it to happen this week as fundamental factors are going to influence fluctuations.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. We advise to take no decisions at the moment as the situation is still unclear.






Gold and Silver Technical Outlook November 9, 2016




GOLD (XAUUSD)





XAU/USD is growing on the latest US Presidential Campaign data. Donald Trump won the elections with more than 270 votes necessary to be nominated. Market participants expected Clinton to win. They were persuaded in Democratic domination as USD was in the uptrend in the beginning of this week. It is better to avoid trading at this moment as the situation remains unstable.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction reached 1306,00 last week. It is hard to predict what is going to happen this week even after the end of the elections.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to avoid trading before the final results of the US Presidential Campaign.



SILVER (XAGUSD)





Silver was also in the uptrend after latest new on the US Presidential Campaign. Donald Trump has won the election having more than 270 votes necessary to be nominated. However, the situation is still unstable and we advise to avoid trading at the moment. There is a probability of a sharp change of this tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The was an upside correction according to our expectations but it is still hard to predict fluctuations this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the Moving Average with period 55. We advise to take no decisions at the moment as the situation is still far from being stable.

[Adamant Finance]

Technical Outlook November 10, 2016




EURUSD





US Presidential Campaign came to an end and the market situation stabilises step-by-step. The currency pair goes back to the downtrend and we advise to search for short trades when the price reaches the balance line. Today it is worth paying attention to US Unemployment Claims data. However, expected figure is close to the previous meaning and we expect no serious impact of this statistics on the currency pair.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair almost reached its target at 1,11500 last week. We expect fundamental factors to influence fluctuations in the nearest future.

The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the Moving Average with period 55. We advise to avoid trading before the price is back to this MA55 balance line. There will be opportunities for selling from the curve.



GBPUSD





The currency pair had almost no sharp momentum during the US presidential elections. GBP/USD is trading without any direction at the moment. It is better to wait until a clear bias establishes. We think that the currency pair looks downwards but we give no recommendations at the moment as there is no trend and the situation is still disputable.

There is the downtrend on the on the Weekly chart as the price is below the MA55 balance line. The currency pair was growing last week due to fundamental factors. US Presidential Campaign is done already with Donald Trump to win. There is a probability of further USD growth in the nearest future.

There is no trend on the Hourly chart as the Ma-channel is horizontal and the price is close to the MA55 balance line. We advise to monitor the situation and avoid trading as there is no clear direction of fluctuations.



AUDUSD





The currency pair stabilises after sharp fluctuations. There is a clear downtrend as we can see it on the chart. The trendline was broken through and the probability of further decline is still very high. You may try to search for entry points in order to open positions around this area.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The situation is disputable and we advise to avoid taking any decisions. However, we still believe that the currency pair is able to reach 0,71800.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 0,7670-7680 area. Place stop losses above the MA55 balance line.



USDCHF





The currency pair rallied in both directions during the US Presidential elections. USD/CHF broke through the trendline yesterday and went upwards. The Ma-channel indicates on the uptrend as well. However, the price is close to the upper side of the Ma-channel and we give no recommendations in this situation.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair was trading with a downside bias last week according to our expectations. However, it is hard to predict a trend this week as USD/CHF is under the impact of fundamental factors.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. You may try long trades with low volumes from the broken through trendline. Place stop losses below this line.






Gold and Silver Technical Outlook November 10, 2016




GOLD (XAUUSD)





Gold is still influenced by the Trump victory. However, we expect XAU/USD to stabilise its fluctuations and establish a bias. There is still no trend. The MA-channel shows no clear direction. The trendline on the Hourly chart remains unbroken and this fact may be a sign of further upside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction reached 1306,00 area last week. However, fundamental factors will have a considerable impact on XAU/USD this week and we advise to take any decision only when the situation is clear.

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



SILVER (XAGUSD)





Silver established the uptrend finally and is trading according to this tendency today. We advise to buy from the MA55 balance line area. However, the price has already left this area. We expect XAG/USD to reenter this area again today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction last week. However, it is hard to predict fluctuations this week.

The uptrend is in progress 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 area. Place stop losses below the curve.

[Adamant Finance]

Technical Outlook November 11, 2016




EURUSD





The currency pair failed to reach the balance line and we think that fluctuations are going to stabilise next week only. We can still see the consequences of the US Presidential elections on the charts. Those consequences make trading too risky at the moment. However, there is an opportunity to make a short pause in trading. We advise to pay attention to University of Michigan Prelim Consumer Sentiment data which is to be released today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair almost reached its target at 1,11500 last week. EUR/USD was trading according to fundamental factors this week. Those factors still influence fluctuations.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. It is better to wait for the price to get back towards the balance line before taking any decisions.



GBPUSD





The currency pair had a significant growth yesterday after a period of hesitations. However, it is too risky to open trades at the moment as the price is close to the upper side of the MA-channel. Yesterday’s upside tendency was truly strong. There is no important data from Great Britain today. However, we advise to pay attention to the University of Michigan Prelim Consumer Sentiment data.

There is the downtrend on the Weekly chart as the price is below the Moving Average 55. The currency pair’s growth last week was provoked by news factors. This week everything depends on the results of the US Presidential Campaign and market’s reaction on them.

The uptrend is progressing on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to monitor charts and avoid trading at the moment as the situation is unclear.



AUDUSD





The currency pair jumped to the broken through trend line and continued its decline. If you had a short trades it should be closed automatically as stop losses triggered. We though that the price would not be able to jump as high as it did and we expected the currency pair to reverse from the MA55 balance line. However, we predicted the right direction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The situation is still unclear and we advise to monitor charts. We think that AUD/USD still has a chance to go towards 0,71800.

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



USDCHF





The currency pair continued to grow. However, it failed to reach the broken through trend line offering no opportunities to open long trades. We have predicted the right direction but you had no chance to buy. The currency pair is still far from the Moving Average 55 balance line and we give no recommendations. Today is Friday and it is not the best time to start trading.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued to decline last week according to our expectations. It is still hard to predict the direction of further fluctuations this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decisions at the moment as the situation is still unclear.






Gold and Silver Technical Outlook November 11, 2016




GOLD (XAUUSD)





Gold is going downwards establishing a downside tendency despite the fact that Silver is growing. There was a breakthrough of the trendline on the Hourly chart and there is an opportunity to open short trades from this line despite the fact that the price is close to the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction reached 1306,00 level last week. There was some growth of volatility this week during the US Presidential elections. However, the situation stabilises at the moment.

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



SILVER (XAGUSD)





There was an opportunity to open Long trades. However, Silver growth was limited and if you had a position, you could fix some short losses. There are signs of reverse and we advise to wait until the situation is clear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction last week according to our expectations. It is still hard to say what direction silver is going to choose in the nearest future.

The uptrend is still progressing on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We give no recommendations today.

[Adamant Finance]

Technical Outlook November 14, 2016




EURUSD





It was a very hard week for markets and it is finally done. There was some sharp moves but in the end of the week the currency pair took its downside direction. We have seen high volatility one day only. USD accelerated too fast and we expect the currency pair to correct in the nearest future. USD growth is influenced by Trump’s promises to increase spending and cut taxes. Those measures should stimulate economic growth. The currency pair is in unsuitable area to open trades at the moment. Today there is no important data to pay attention to. However, we advise to listen to Mario Draghi speech, which is to take place in the afternoon.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had made its choice and is going to decline in the nearest weeks. We expect EUR/USD to correct upwards this week. Then, we think that the currency pair is going to continue its downside tendency.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We expect the price to get back to the balance line in order to open trades.



GBPUSD





The currency pair continued its growth on Friday and declined towards the balance line today in the morning. This growth of GBP/USD is due to the latest “BREXIT” news. British Parliament is ready to vote for another “BREXIT” referendum. It means that the current results of the previous one may be cancelled. There was no opportunity to open long trades from the MA55 balance line. However, the price has a chance to move closer to the MA55 balance line again. We hope that there will be another opportunity to open long trades today.

The downtrend is still in progress on the Weekly chart as the price is below the MA55 balance line. There was several reasons for the currency pair to grow last week. We expect GBP/USD to continue its growth towards 1,28000 this week. When the price reaches this mark, we expect it to reverse downwards.

The uptrend is in progress 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 curve.



AUDUSD





The currency pair jumped to the MA55 balance line on Friday. However, it was not close to the curve to open trades. If you had an opportunity to sell the price went to the profit area for 1000 pips. We advise to wait until the price is back towards the balance line in order to take any further decisions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards and we had to adjust the trendline. AUD/USD is likely to reach 0,71800 in the nearest future.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment.



USDCHF





The currency pair returned to the MA55 balance line offering opportunities to open long trades. We gave no recommendations on Friday as risks were too high. USD/CHF shows intentions to grow. We expect the price to return to the MA55 balance line again and there will be an opportunity to buy.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair established a downside direction after US Presidential elections. We expect the currency pair to grow further this week.

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






Gold and Silver Technical Outlook November 14, 2016




GOLD (XAUUSD)





There was an opportunity to open trades from the broken through trendline area on the Hourly chart. You could have 44$ as profit. The price is below the MA-channel at the moment and we give no recommendations in this situation as risks are too high.

There is no trend on the Weekly chart as the price is clos to the MA55 balance line. XAU/USD established downtrend last week. We expect Gold to have a correction towards 1250-1265,00 and then to resume its downside tendency.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment as the situation is still unclear.



SILVER (XAGUSD)





Silver went downwards as we expected. We advise to avoid trading today as the price is outside the MA-channel. The red trendline was broken through and Silver is trading in a downtrend at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The tendency was changed as the red trendline was broken through. We think that XAG/USD is going to correct this week and then it is going to resume its downside tendency.

There is the downtrend on the Hourly chart as the price is below the MA55 balance line. We advise to avoid trading today.

[Adamant Finance]

Technical Outlook November 15, 2016




EURUSD





USD continued to grow on Monday. It seems that the currency pair is going to strengthen its positions in the beginning of the week. However, we think that the correction is possible in the second half of this week. Interest Rates Hike odds increases again and reached 86%. The currency pair resides at the unsuitable area to take decisions. We give no recommendations. We think that this week may be corrective. Mario Draghi said nothing that could increase volatility yesterday.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair is going to fluctuate in this direction during the next couple of weeks. We expect EUR/USD to correct upwards and then to resume its decline.

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 wait until the price is back to the MA55 balance line in order to take any decisions.



GBPUSD





The currency pair reached the MA55 balance line again and crossed it. There is a change in tendency. It is better to search for short trades only from now. The price is going to stay close to the trendline for a while today but the tendency has changed already and we think that the trendline is going to be crossed. Today we advise to pay attention to UK CPI data as well as to US Retail Sales statistics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair growth last week was influenced by several aspects. We expect GBP/USD to grow towards 1,28000 this week and then to reverse and to resume the decline.

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



AUDUSD





The currency pair returned to the MA55 balance line but there are some signs of the upside correction. However, there is still a downside bias and we advise to open short trades only. If the currency pair goes above 0,75800, the upside correction will take place. This is the main reason why we advise to place stop losses above this level.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside bias and we had to adjust the trendline. There is a probability that the currency pair is going to reach 0,71800.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above 0,75850.



USDCHF





The currency pair offered no opportunity to open long trades from the MA55 balance line. We expect a correction to start today and in this case there will be an opportunity to buy the currency pair with low risks. Long trades should be opened from the trendline on the Hourly chart. Targets should be close to 1,0000 level. Stop losses should be about 100 pips.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There is a clear bias on the chart and we expect the currency pair to continue its growth towards 1,00000.

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






Gold and Silver Technical Outlook November 15, 2016




GOLD (XAUUSD)





XAU/USD failed to resume its downside tendency yesterday. We think that it is time for Gold to correct. This correction may target 1,1250,00. However, there is another way for the upcoming correction to develop. It may return back to the MA55 balance line and finish there. The price established new highs today in the morning and we are going to give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. This trend was established last week and we expect it to develop for the next couple of weeks. There is a probability of a correction targeting 1250-60,00. Then, we think that the downtrend is going to continue.

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



SILVER (XAGUSD)





XAG/USD continued to decline after the breakthrough of the red trendline. However, we think that Silver is going to make a pause and start its correction. We advise to avoid trading today as the price is below the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The red trendline was broken through and we may see the tendency to be changed in the nearest future. We expect XAG/USD to correct this week and then to resume its decline.

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 take no decisions at the moment as the situation is still unclear.

[Adamant Finance]

Technical Outlook November 16, 2016




EURUSD





The currency pair returned to the MA55 balance line yesterday and then jumped off this Moving Average. We gave no recommendations as we are waiting for a correction. Yesterdays pattern shows signs of a probable upside correction. The price jumped off the balance line today in the morning. However, we think that this downside move is going to be short. You may place a buy order along the trendline and adjust it according to the situation. In case if the price breaks through the trendline, there is a probability that the tendency will be broken through.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair established a downside tendency and we think EUR/USD is going to develop this trend in the nearest future. We think that the currency pair is going to correct this week after some short decline.

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 long trades if the price breaks through the trendline on the Hourly chart. Place stop loss below the trendline at 150-200 pips from the current price.



GBPUSD





The currency pair moved according to our expectations. The price went upwards to the MA55 balance line at night and there was an opportunity to open short trades according to our expectations. This short position could bring you about 600 pips. The currency pair is at a rather good position for short trades again.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. Several aspects provoked the currency pair growth last week. We expect GBP/USD to continue its growth towards 1,28000. Then there is a probability of a decline.

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 trendline.



AUDUSD





The currency pair offered an opportunity to open short trades from the MA55 balance line or even higher. The price declined to a profit area for 450 pips along the day. There was an opportunity to protect your positions and to take a part of your profit. The price has no intention to further decline and we think that AUD/USD is going to reverse. The MA-channel has almost changed its direction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside tendency last week and we had to adjust the trendline according the situation. AUD/USD is likely to decline towards 0,71800 in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to open long trades from the MA55 balance line area or even lower. Place stop losses at 0,75150.



USDCHF





The currency pair moved according to our expectations yesterday and established new highs. There was an opportunity to open long trades from the trendline on the Hourly chart with 100 pips stop loss and take about 400-600 pips as profit. There is a probability of a correction today and we give no recommendations.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair established an upside tendency after the US Presidential elections. We think that USD/CHF is going to grow up to 1,0000.

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 there is a probability of a correction.

[Adamant Finance]

Gold and Silver Technical Outlook November 16, 2016




GOLD (XAUUSD)





XAU/USD establishes new highs indicating on an upside correction. There are another signs of this correction such as:

• The MA-channel changes its direction

• The price is above the MA55 balance line

It is better to open long trades in this situation targeting 1250,00. However, this point will not be reached today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD established a new tendency last week. We expect Gold to grow towards 1250-65,00 this week and then the asset is likely to resume its decline.

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



SILVER (XAGUSD)





Silver returned back to the MA-channel and we advise to search for long trades today. There is a reverse and we expect a correction. You may try to earn on it. We expect this correction to develop until 17,90-18,00.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The red trendline was broken through and the tendency may be changed in the nearest future. We expect XAG/USD to be in a correction this week and then to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal 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 November 17, 2016




EUR/USD





The currency pair continued to decline offering no opportunity to open long trades according to our recommendations. The price failed to reach the trendline on the Hourly chart (we advised to place long trade order along this line). There was no change in tendency and we advise to search for short positions. The situation is unclear and we recommend looking for short trades from the MA55 balance line. However, in this case if the price reaches the MA55, the trend line will be broken through and the trend is going to change. We advise to avoid trading at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair established a tendency and will follow it in the nearest weeks. We expect the currency pair to make a correction this week after some short decline.

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 take no decisions at the moment as the situation is unclear.



GBP/USD





The currency pair offered an opportunity to open short trades if your stop loss was not close to the price. GBP/USD was in a profit area for 700 pips. The currency pair has a rather high volatility and you have to place stop losses at 250-300 pips from the price. We advise to look for short trades today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair growth last week was influenced by several reasons last week. We expect the currency pair to grow towards 1,28000 this week. Then, there is a probability of a decline.

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 this indicator line.



AUD/USD





The currency pair continues its decline punishing all those who have opened short trades yesterday. Stop losses triggered as we have sold AUD/USD before without any tendency on the chart. The currency pair established new weekly lows. The downtrend is progressing. We advise to try short trades from the MA55 balance line.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside tendency last week and we had to adjust the trendline. However, we still believe that AUD/USD is able to reach 0,71800 in the nearest future.

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



USD/CHF





The currency pair reached new highs yesterday. USD/CHF crossed the trendline on the Hourly chart today in the morning. The uptrend becomes weaker. However, we still have the upside tendency and we advise to open long trades from the MA55 balance line only. If the price crosses the MA55 we will have another sign of a tendency to change. We recommend fixing positions in this case.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. USD/CHF established an upside tendency after the US Presidential elections. We expect the currency pair to grow towards 1,0000.

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







Gold and Silver Technical Outlook November 17, 2016




GOLD (XAU/USD)





Gold continued its correction with no bias. There was an opportunity to open long trades according to our recommendations. However, those long positions were almost unprofitable. You could place stop losses at breakeven area. We advise to avoid trading as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD established a tendency last week. We expect Gold to correct towards 1250-60,00 and then to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decisions at the moment.



SILVER (XAG/USD)





There was an opportunity to enter the market. This trade resulted in a small stop loss. However, we still expect XAG/USD to correct towards 17,90-18,00.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a probability of a change in the current tendency in the nearest future. We expect XAU/USD to make a correction and then to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA5 5balance line. We advise to avoid trading today as the situations Is still unclear.

[Adamant Finance]

Technical Outlook November 18, 2016




EUR/USD





The currency pair continued to decline after some flat fluctuations within a wide range. US Consumer Spending inflation was better than expected as this indicator increased to 0,4% - the highest growth for the past couple of years. Interest Rates hike odds increased up to 91%. USD continued its uptrend during American session. We advise to avoid trading at the moment as the price is close to the lower side of the MA-channel. 3 FOMC members are going to speak today – George, Bullard and Dudley. All those FOMC members are “Hawks” and two of them voted for the interest Rates hike on September and November.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair established a downside tendency last week and we think it I going to follow this tendency in the nearest future. We expect EUR/USD to be in a correction this week and then to resume its decline.

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



GBP/USD





The currency pair jumped upside. If you had an opportunity to open short trades, your positions were fixed by stop losses. US inflation statistics changed everything and USD gained momentum. The currency pair established a downside tendency which is likely to accelerate today. It is to notice that MPC member Broadbent is going to give his comments today. We advise to look for short trades from the Moving Average with period 13.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. Few factors influenced last week’s GBP/USD growth. We expect the currency pair to grow towards 1,28000 this week and then we think the currency pair is going to decline.

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



AUD/USD





The currency pair failed to reach the MA55 balance line and there was no opportunity to open short trades. The downtrend is in progress. However, there is almost no opportunity to open trades as the price is close to the lower side of the MA-channel.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside tendency and we had to adjust the trendline. The currency pair is likely to decline towards 0,71800 in the nearest future.

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



USD/CHF





The currency pair offered an opportunity top open long trades from the MA55 balance line and you could earn about 650 pips and about 1000 pips including today’s growth. There is no opportunity to open trades at the moment as the price is far from the MA55.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair established a tendency after the US Presidential elections. We still believe the currency pair is able to break through 1,0000.

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






Gold and Silver Technical Outlook November 18, 2016




GOLD (XAU/USD)





XAU/USD failed to correct to 1250-60,00 and continued to decline. Yesterday’s US inflation data was better than expected and Interest Rates hike odds increased to 91%. Yesterday’s decision to avoid sells was right. The price is close to the lower side of the MA-channel and it is risky to enter the market.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD established a tendency last week. We still expect it to correct towards 1250-60,00 and then to resume its decline.

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.



SILVER (XAG/USD)





Silver failed to correct towards 17,90-18,00 and resumed its downside tendency. There was no opportunity to open long trades. Today it is too risky to trade as the price is close to the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The trendline was broken through and we think XAG/USD is going to change its tendency in the nearest future. We expect Silver to correct upwards and then to resume its decline.

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.

[Adamant Finance]

Technical Outlook November 21, 2016




EUR/USD





The currency pair established new weekly lows last week. Interest Rates hike odds offer some room for USD to continue its uptrend. We think that current USD growth was abundant and we expect USD to decline considerably in the nearest future when investors are going to understand that USD is overbought. This week well be divided in to two parts as there is a holiday in US on Thursday. It is to mention that there is not much data to pay attention to and we expect EUR/USD to be trading with low volatility. We expect the currency pair to move back towards the MA55 balance line today.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair had a downside tendency according to our expectations last week and may continue to decline in the nearest future.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment



GBP/USD





The currency pair continued its downside tendency. However, GBP/USD reversed from the MA55 balance line and not from the MA13 as we had expected it before. There was an opportunity to open trades from the MA55 but we gave no recommendations. The currency pair has an ability to continue its decline this week and we recommend searching for short trades only. There is no important data today and we think the currency pair is going to correct towards 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 unable to grow towards 1,28000. GBP/USD slides down step-by-step and its decline accelerated by the end of the last week.

The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment.



AUD/USD





The currency pair continues to decline. AUD/USD is unable to reach the MA55 balance line to offer short trades opportunities. We will try to sell from the MA13 if the decline is going to be as sharp as it is at the moment. However, we advise to avoid trading today as there is no important data to pay attention to and there is a probability of a corrective dynamics.

The uptrend is still in progress on the Weekly chart as the price is above the MA55 balance line. The currency pair is trying to reach 0,71800.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to wait for better opportunities to open trades.



USD/CHF





The currency pair established new highs of the week on Friday. USD/CHF broke through the trendline on the Weekly chart and there is a high probability that the currency pair is going to continue its upside tendency. There is also a probability of a correction to the MA55 balance line area. You may try to buy after this correction is done. Place stop losses at 150 pips below the Friday’s low.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair established new highs and was trading above 1,0000. There was a weak resistance in that area. The currency pair is able to continue its growth towards 1,02600.

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 or from the trendline on the Hourly chart. Place stop losses at 150 pips from Friday’s lows.






Gold and Silver Technical Outlook November 21, 2016




GOLD (XAU/USD)





XAU/USD was trading within a range last week as there are not many reasons for Gold to change the tendency. Last week’s main data was US CPI statistics. This week we advise to pay attention to US FOMC meting minutes. If there is nothing to take from those minutes, current week may be quiet as there is a holiday in the USA on Thursday. The broken through trendline on the Hurly chart says the trend is going to slow down.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction towards 1250-60,00 area. However, the downside tendency was limited. We think that Gold is going to slow down its downside tendency.

The downtrend is in progress 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 targeting 1210,00. Place stop losses below the curve.



SILVER (XAG/USD)





Silver decreased last week but we see that the trend slows down as the trendline on the Hourly chart was broken through. However, we do not think that the tendency is going to reverse.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. However, the red trend line was broken through. We expect XAG/USD to trade with low volatility this 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 take no decisions.

[Adamant Finance]

Technical Outlook November 22, 2016




EUR/USD





It seems like USD is going to do an upside correction as the currency pair went upwards yesterday. EUR/USD tries to break through the trendline on the Hourly chart and we expect this to happen in the nearest future. We advise to open long trades from the MA55 balance line area or from the MA13. However, it is better not to take quick decisions as the uptrend is still unstable. It is up to you to decide but the position is suitable for long trades. US Existing Home Sales worth your attention today. However, the most important data will be released tomorrow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair moved according to our expectations last week. We think that EUR/USD is going to decline this week as well.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area or from the MA13. Place stop losses below the MA55.



GBP/USD





The currency pair had a considerable growth yesterday. The main reason for this upside tendency are crosses as there are no other factors to impact on GBP/USD. There is a reverse in trend. However, it is impossible to open long trades as the price is close to the upper side of the MA-channel. We advise to wait until the price is back to the MA55 balance line in order to take further trading decisions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth towards 1,28000. The currency pair continued its decline instead and a downside tendency had an acceleration by the end of the last week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decisions in this situation and wait for better signals.



AUD/USD





The currency pair gained back all its Friday’s losses and we think that the upside correction is going to take place in the nearest future. You may try long trades today as the trend is going to change and the trend line was broken through on the Hourly chart.

The uptrend is still in progress on the Weekly chart as the price is above the MA55 balance line. The currency pair still trying to reach 0,71800 level.

There is no trend on the Hourly chart as the the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area or from the trendline. Place stop losses below the Moving Average 55.



USD/CHF





The currency pair allowed to open long trades according to our recommendation and the price was in a profit area offering about 300 pips. You could take this profit partially or protect your opened trades. The trendline is broken through and there are signs of a future change in tendency. The price is below the MA55 balance line on the Hourly chart. However, the MA-channel goes upwards and we give no recommendations.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair crossed 1,00000 level last week and was trying to grow further. We expect the currency pair to continue its upside tendency towards 1,0260 this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading at the moment as the situation is unclear.






Gold and Silver Technical Outlook November 22, 2016




GOLD (XAU/USD)





Gold offered an opportunity top open short trades from the MA55 balance line according to our recommendations. XAU/USD reached 1210,00. We can see a clear reverse of a tendency today even despite the fact that the Interest Rates hike odds increased to 95,4%. We think that this fact was already included into the price and the market is going to follow further monetary policy decisions by the Fed in order to choose any direction. We think that the tendency is going to reverse today and there will be an opportunity to open trades tomorrow.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction towards 1250-60,00. However, the downside tendency was also short. We think that XAU/USD slows down its downside tendency.

The downtrend is in progress 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 still unclear.



SILVER (XAG/USD)





Silver moved above the MA55 balance line and there are signs of a change in its tendency. It is better to avoid trading at the moment as there is no clear signs of a reverse. However, as we may see, this reverse is going to happen.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. WE expect the volatility to decrease 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 take no decisions at the moment as the situation is still unclear.

[Adamant Finance]

Technical Outlook November 23, 2016




EUR/USD





There was an opportunity to open long trade from the MA55 balance line according to our recommendations. The currency pair was in a profit area yesterday. You could earn about 450 pips. There was an opportunity also to protect your trades. There is much US data today before the holiday. We advise to pay attention to FOMC meeting minutes, US Unemployment Claims, as well as Core Durable Goods Orders. Those figures may change the situation. However, we give no recommendations today as the price is far from the trendline and the risks are too high despite the fact that we have an upside tendency and the price is close to the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading downwards according to our expectations. We expect EUR/USD to continue its downside tendency this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as we are on the eve of the US holiday and fluctuations may be unstable.



GBP/USD





The currency pair declined yesterday as it lost support from crosses. The fluctuations are unstable today and we advise to avoid taking any decisions today. There is no opportunity to make an upside trendline as there is no pivot point for this. We think that this point could be at 1,23600 and we expect the currency pair to decline towards this level. There is no important data from the UK today expect Autumn Forecast Statement.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no currency pair growth towards 1,28000 and GBP/USD slides down

The uptrend is in progress on the Hourly chart as the Ma-channel looks upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unstable.



AUD/USD





There was an opportunity to open long trades yesterday in the beginning of the European session from 0,73700. You could earn about 400 pips. There was an opportunity also to protect your positions. If you left your trades you may have about 500 pips as profit at the moment. We think that the price targets 0,74500.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. The currency pair is still able to reach 0,71800 in the nearest future.

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



USD/CHF





The currency pair established new highs and the MA-channel goes upwards. Investors still wish to reverse the trend but the situation on the Weekly chart give some support to Bulls. We think this dynamics is going to continue as the Weekly chart has a priority for this currency pair. The price will find support at 1,00700 at least.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair crossed 1,00000 and is trading higher. There is some resistance in this area. But it was weak and we think that 1,00000 level is not important. The currency pair is able to continue its growth towards 1,02600.

There is the uptrend on the Hourly chart a 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 November 23, 2016




GOLD (XAU/USD)





Gold has made a pattern which is unfavorable for long trades despite the upside correction. The price declined below the MA55 balance line and the trendline is far below this Moving Average. There are risks to take significant losses. We advise to avoid trading and to search for better positions.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction towards 1250-60,00. However, a downside tendency was also short and limited. It seems like the downtrend is slowing down.

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.



SILVER (XAG/USD)





Silver changed its tendency yesterday and made a pattern which is similar to a model that we can see on Gold chart. We think that there is an opportunity to open a long trade with low volume targeting future growth. It is better to buy in the first half of the day.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. We expect that this week is going to be less volatile.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. You may try long trades from 16,55-16,58 area. Place stop losses at 16,48.

[Adamant Finance]

Technical Outlook November 24, 2016




EUR/USD





Yesterday’s US Durable Goods Orders data was much more better than expected and this statistics surprised market participants. Final figures established a yearly record growth. USD gained some additional support and was able to make another upside jump as investors are sure that FOMC is going to hike Interest Rates on the next meeting which is to take place on December 2016. The price is close to the lower side of the MA-channel and the risks are high at the moment. We advise to take no decisions.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with a downside bias and we expect it to continue the previously established tendency.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid opening positions today as the situation is not suitable for trading.



GBP/USD





The currency pair established its pivot point at 1,23600. We had an opportunity to make a trendline and we think it is going to be broken through today. There is no much to go to reach the upper trendline and we think that it is a good idea to search for short trades from the MA55 balance line today.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. There was no growth towards 1,28000 and the currency pair slides down step-by-step. GBP/USD’s decline accelerated by the end of the last week.

The downtrend is in progress 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 upper trendline.



AUD/USD





The currency pair failed to reach 0,74500 target. We think that it is better to leave he idea of opening long trades as the price broke through the trendline and it is fluctuating below the MA55 balance line at the moment. There was a chance to open short trades today in the morning. However, the downtrend is still unstable and we think that it is better to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair still targets 0,71800 level.

The uptrend is still in progress on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to take no decisions today.



USD/CHF





The currency pair get some support yesterday as the US Durable Goods Orders data was better than expected. However, there was no point to open trades and we had no opportunity to buy. It is better to wait until the price is back to the Ma55 balance line in order to open long trades.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair crossed 1,00000 last week and is trading above at the moment. It is to mention, that there was almost no resistance at this level. The currency pair is able to continue its growth towards 1,0260.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading at the moment.






Gold and Silver Technical Outlook November 24, 2016




GOLD (XAU/USD)





Gold developed its downside tendency and is trading below the MA55 balance line at the moment. The trendline was broken through and the trend has changed on the better than expected US Durable Goods Orders data. Interest Rates hike odds increased again. It is risky to open trades as the price is close to the lower side of the MA-channel.

There is no trend on the Weekly chart as the price is close to the MA5 balance line. There was no correction towards 1250-65,00. However, the price was unable to develop its downside tendency. Gold slows down its downtrend and we do not advise to sell it at the moment.

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 do nothing today as the situation is unclear.



SILVER (XAG/USD)





There was an opportunity top open long trades from the 16,55-16,58 area. However, stop losses triggered. The price was in a profit area but for a while. If you had an opportunity to protect your trades you could earn nothing but have no losses. It is risky to open trades today as the price is close to the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. We expect the volatility to decrease in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions at the moment as the situation is unclear.

[Adamant Finance]

Technical Outlook November 25, 2016




EUR/USD





The currency pair went back to the balance line offering opportunities to open safe trades. We expect some volatility growth as US players are back after yesterday’s holidays. We think that this growth of volatility is going to offer some good opportunities to take profit. There is some important US data today. However, we advise to establish close targets as it is Friday and market participants are cautious.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair was trading in the expected downside direction. We think that this dynamics may continue in the nearest future.

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



GBP/USD





The currency pair jumped off the MA5 balance line and went about 300 pips after. It was enough to protect your trades. There was an opportunity to end with trade at breakeven level. The currency pair continues its upside dynamics within a correction and the upper trendline was broken through. We expected GBP/USD to go downwards. Today there is important UK GDP Second estimate data. We advise to pay attention to it.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was unable to grow towards 1,28000 and GBP was sliding down step-by-step. However, we see a correction at the moment.

The uptrend is in progress 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 as there is no clear trend at the moment.



AUD/USD





The currency pair is in correction at the moment. The upper trendline was broken through and we think that the upside correction has some space to develop. However, this upside tendency is still too weak and there is a high probability of a reverse. We give no recommendations for today.

There is the upper trend on the Weekly chart as the price is above the MA55 balance line. The currency pair still targets 0,71800 level.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to do nothing today as the situation is still unclear.



USD/CHF





The currency pair went back to the balance line offering opportunities to open long trades in a very safe mode. There was a holiday yesterday and the market was in a correction . We expect the currency pair to have higher volatility today. However, we advise to establish close targets as it is Friday.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair is trading higher than 1,00000. There was low resistance at this level. The currency pair is able to resume its uptrend targeting 1,0260 this week.

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






Gold and Silver Technical Outlook November 25, 2016




GOLD (XAU/USD)





We thought that Gold is able to go back towards the balance line. However, XAU/USD resumed its downside tendency today in the morning. USD continues to get support from Interest Rates hike odds. However, we expect this downside XAU/USD tendency to be limited as more than 90% of market participants already believe in Interest Rates hike. Investors think about further FOMC step already. The price is still in a risky position and we advise to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction towards 1250-60,00. However, further downside tendency was also limited. We think that XAU/USD slows down its tendency and advise to be careful if you are looking for short trades.

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 take no decisions today as it is Friday and the situation is still unclear.



SILVER (XAG/USD)





Silver is back to the balance line area and you may try to open short trades today. XAG/USD shows stable downtrend and we expect a downside momentum today. Stop loss should be 50:50 to take profit at least.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. This week is expected to be less volatile.

The downtrend is in progress 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 16,35-16,40 area. Place stop losses above the MA55 balance line.

[Adamant Finance]

Technical Outlook November 28, 2016




EUR/USD





There was a change in trend on Friday and we think that the price already includes the odds on the Interest Rates hike during December’s FOMC meeting. Investors are fixing USD long trades as we have previously expected. Market participants understand that USD growth is done and they have started to fix trades. The currency pair is running upwards during the Asian session. The price is trying to go beyond the upper side of the MA-channel. If you had a position from Friday, it closed with about 250 pips of losses. There was an opportunity to open long trades after the trend line was broken through. However, we gave no recommendations about it.

The downtrend is still in progress on the Weekly chart as the price is below the MA55 balance line. The last candlestick’s body was short and there is a probability of further growth. We think that this correction targets 1,08500.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open short trades from the MA55 balance line area or even higher. Place stop losses below the trend line on the Hourly timeframe.



GBP/USD





The currency pair is trying to accelerate its growth if GBP/USD continues this tendency, this correction is likely to start an uptrend. There are some important events upcoming that may influence market’s dynamics in the nearest future. We advise to pay attention to US Labor Market statistics on Friday, Italian referendum and Austrian Presidential elections, which are to take place on December. We advise to try long trades 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 is able to move towards 1,28000 this week. There is a probability, that GBP/USD is able to reach this level.

The uptrend is in progress 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. Place stop losses below this curve.



AUD/USD





There was no further growth after Friday’s morning upside dynamics. We gave no recommendations and this was the right decision to avoid trading. There is a strong resistance at 0,74600-75000 area. We think that there is a probability of return towards the MA55 balance line later today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to reach 0,71800 but we still think that the currency pair is able to go downwards after some upside correction.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decisions today as the situations is still unclear.



USD/CHF





Stop loss triggered on Friday. You could lose about 200 pips. The trend line was broken through (the situation is similar to EUR/USD’s one). There was an opportunity to open short trades after this event. However, trading was too risky on Friday as the trend still looks upwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair reached 1,02000 but failed to touch the target that we have previously mentioned. We think that the currency pair is going to try to decline below the broken through trend line on the Weekly chart. In this case a downside correction may be even deeper than expected.

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






Gold and Silver Technical Outlook November 28, 2016




GOLD (XAU/USD)





Our Friday’s thoughts are becoming true as the dynamics is changing. Gold has found its bottom point and is going to correct upwards. We think that there is a probability of a strong uptrend in the nearest future. However, this tendency is still unstable and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD slows down its downtrend and starts its correction according to our expectations. We expect that the upside tendency is going to accelerate.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to do nothing today as there are no clear signals.



SILVER (XAG/USD)





There was no opportunity to open short trades according to our recommendations as the tendency reversed. The uptrend is rather strong. The price is close to the upper side of the MA-channel and we give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Last week ended with a Doji and the currency pair is able to grow this week.

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