MoneyOnComputer

[Adamant Finance]

Technical Outlook November 29, 2016




EUR/USD





The currency pair was close to the upper side of the MA-channel and there was no sense to give any recommendations. However, we left Friday’s recommendations by mistake. Market participants decided to reverse the upside correction and almost all positions gained during the Asian session were lost. We advise to pay attention today at the trendline. If it holds, we think the currency pair is able to resume its upside correction. In addition, we advise to pay attention to the US GDP data which is to be released today.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair formed a short body candlestick and we think that growth has some further potential. The currency pair is able to reach 1,08500 despite the fact that this growth is nothing more than a correction.

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 open long trades from 1,05750-1,05900. Place stop losses below the trendline.



GBP/USD





The currency pair still shows its weakness as compared to the others. The main reason are fears that UK economy is going to decline. One of the MPC members pronounced this opinion during his speech. Those comments resulted in a downtrend. However, everything may change during the week, but investors have negative moods. Yesterday’s long trades closed with no profit. We give no recommendations today as GBP/USD is fluctuating in the opposite side from the main direction, established by the other currency pairs.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. We think that the currency pair is able to move towards 1,28000 and even reach this level.

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



AUD/USD





The currency pair meet some resistance at 0,75000 but still offers signals that it is able to break through this level. There is an opportunity to open long trades from here but you have to place stop loss below the MA55 balance line. It is even better to place stop losses below the trendline but in this case it will be huge. If this trade fails to bring profit, you may try to buy from the trendline on the Hourly chart.

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. However, we still believe it is able to resume its downside tendency after a short upside correction.

There is still 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.



USD/CHF





WE advise to search for short trades from the MA55 balance line or trend line on the Hourly chart today. It is better to sell as close to the trend line as possible in order to reduce stop loss. The volume of the position should be low as the situation on the Weekly chart is strange.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair reached 1,02000 and failed to reach the established target. We think that the currency pair is going to try to decline below the broken through trend line on the Weekly chart. The correction is going to be deeper in this case.

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 trend line area. Place stop losses above this trendline.






Gold and Silver Technical Outlook November 29, 2016




GOLD (XAU/USD)





Gold established the uptrend but the current price pattern is not suitable for long trades. You may try to buy from the MA55 balance line but risks are too high. We think that there is a probability that the price is going to decline after US GDP data if this statistics is better than expected. AS for the technical analysis, it indicates on the further growth of the currency pair.

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 a correction according to our expectations. We think that the upside tendency is going to accelerate.

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.



SILVER (XAG/USD)





Silver established a clear uptrend but the current pattern is strange. You may try long trades with low volume as risks are too high. We advise to pay attention to US GDP 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. There was a doji last week and we think that Silver is able to grow.

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

[Adamant Finance]

Technical Outlook November 30, 2016




EUR/USD





Yesterday’s situation offered an opportunity to open long trades from 1,05750 according to our expectations with stop loss at 150 pips from the order price. There was no sense to place stop loss closer. The currency pair allowed taking about 750 pips as profit. USD GDP data was mixed as economy growth accelerates but deflator slows down. There is a great volume of macroeconomic statistics today from Europe and USA. The price is forming a triangle which is likely to resume the uptrend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair formed a short body candlestick last week which indicates on the probability of further growth. This upside tendency is a part of a correction but it may target 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 avoid trading at the moment and wait for better signals.



GBP/USD





The currency pair tries to establish a wide range without any direction. We give no recommendations in this situation. WE think that this dynamics may continue today. However, you may try to open trades from the both sides of this range.

The downtrend is still in progress on the Weekly chart as the price is below the MA55 balance line. We think that the currency pair is able to go towards 1,28000 and GBP/USD may even reach this point.

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 today as the situation is still unclear.



AUD/USD





The currency pair continues to fluctuate below the resistance level at 0,74900-0,75000. There are still no signs of breaking through this level and we think that the currency pair is able to bounce off this point if it holds Bulls attacks. Long trades from the MA55 balance line failed to bring profit and was closed as stop losses triggered. There was no opportunity to buy from the trend line as the price failed to reach it. We advise to do nothing today as there is a probability of a reverse.

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 level but we think that it still looks downwards and may resume its downside tendency after a correction.

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 today as the situation is unclear.



USD/CHF





There was an opportunity to sell from the trend line on the Hourly chart according to our recommendations yesterday but if you placed stop losses close to the position, they have triggered. You should place stop losses at 250 pips from the strike price. The currency pair was in a profit area for 450 pips. It was enough to take profit and close positions. We advise to avoid trading today as the trend is weak and there is a probability of a reverse.

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 previously established targets. We think that there will be attempts to decline below the trendline on the Weekly chart.

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






Gold and Silver Technical Outlook November 30, 2016




GOLD (XAU/USD)





Gold declined yesterday after US data release. It is to say that US data was mixed as there is a an acceleration in GDP growth but deflator slows down. We advise to pay attention to today’s large number of statistics from Europe and USA. XAU/USD growth was through a short correction that we have mentioned yesterday. However, the upside tendency is still actual but it is too weak and this trend is accompanied by corrections. We think that Gold is going to change its tendency or accelerate it today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold slows down its downtrend and starts a correction as we have expected. We think that the upside tendency is going to accelerate.

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 do nothing today as the situation is still unclear.



SILVER (XAG/USD)





Yesterday’s long trades failed to bring profit as stop loss triggered. Those trades were too risky and we have mentioned it in our previous outllook. However, Silver is in the uptrend at the moment and you may try to buy it from the MA55 balance line or from the trendline on the Hourly chart.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a doji last week indicating the probability of further growth 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 buy from the MA55 or from the Trend line on the Hourly chart.

[Adamant Finance]

Technical Outlook December 1, 2016




EUR/USD





The US data sent the dollar up and raised expectations for the December and March 2017. Wounds begins to consider the possible prices of the March increase. The fed said that the labor market reached full employment. Now all market participants ' attention will be focused on inflation and economic growth. Generated pricing model indicates a decrease.

On the weekly chart the downtrend, as the price is below МА55. The pair has formed a short body candle that speaks about possible continuation of growth. Growth corrective, but can last roughly up to 1,08500.

On the hourly chart neutral trend as the MA-channel moves horizontally, and the price is below МА55. You can consider sales from МА55, but the risk will be high, as the trend is neutral.



GBP/USD





In spite of a couple of allies trying to grow up. Again the behavior of the couple is not quite adequate, so her recommendations are not yet giving. The trend is trying to come to upward, but are still not established. Likely to return down.

On the weekly chart the downtrend, as the price is below МА55. This week has a chance to go in the direction of mark 1,28000, and it is even possible to achieve it.

On the hourly chart pre-upward trend, as MA-the channel is moving up and price is above МА55. Observed.



AUD/USD





The pair have not fulfilled the overcoming of resistance in the area 0,74900-0,75000 and went down in line with expectations. As expected, the decrease has been sharp and changed the trend on the downside. Today it is necessary to consider the sale.

On the weekly chart the trend is neutral as the price is МА55. The pair had not reached the goal 0,71800, but after some correction might resume its decline.

On the hourly chart downtrend, as MA-the channel is moving down and price is below МА55. Sales from the area МА55 and a broken trendline with a stop behind them.



USD/CHF





The pair made an attempt to change the trend, but somehow sluggish. However, the pricing model indicates the possible continuation of growth, so you can try to implement the sale. The weekly chart favors it.

On the weekly chart the uptrend as the price moves above МА55. The pair rose to 1,02000, a little before reaching the goal. This week attempts falls below the broken trend line on the weekly chart that can talk about a deeper correction down.

On the hourly chart the uptrend, as MA-the channel is moving up and price is above МА55. Purchase from the district МА55 with a stop behind her.






Gold and Silver Technical Outlook December 1, 2016




GOLD (XAU/USD)





Gold changed the trend on strong data on the labor market in the United States. According to ADP employment change in the non-agricultural sector amounted to 216 000, while the expected total of 165 000. The fed said the U.S. labor market reached full employment. Against this background gold has updated the lows from February of this year. Now gold has a real purpose 1110,0. If U.S. data continue to predict that gold will quickly reach this level.

On the weekly chart the uptrend, as the price is above МА55. Gold slowed the downtrend and the beginning of a correction in line with expectations. Expect the acceleration of the upward movement.

On the hourly chart downtrend, as MA-the channel is moving down and price is below МА55. Sales from the area МА55 with a stop behind her.



SILVER (XAG/USD)





On silver purchases over the small stop. The trend for precious metals has changed and the mood too. On plus comments from representatives of the U.S. Federal reserve put pressure on the precious metals. Now, we need to consider only sales.

On the weekly chart the trend is neutral as the price is МА55. The past week has formed a Dodge, which indicates possible growth of the pair this week.

On the hourly chart downtrend, as MA-the channel is moving down and price is below МА55. Sales from the area МА55 and a broken trendline with a stop behind them.

[Adamant Finance]

Technical Outlook December 2, 2016




EUR/USD





On Thursday, the dollar fell by US trading and the pair grew accordingly. The deal for the sale on the recommendation was risky and closed in the negative. Perhaps the fixation of long dollar positions before on US labor market data today. Today released a report on the number of new jobs is a / x, for which the market reacts in different ways and it is very difficult to predict. For this reason, the risk is great, and I do not give advice.

On the weekly chart the downward trend as the price is below the MA55. The pair formed a short body candles, which indicates the probability of further growth. The growth of a corrective, but can last up to about 1.08500.

On the hourly chart the upward trend, as the MA-channel moves up, and the price is above the MA55. Observed.



GBP/USD





A small weakness of the dollar allowed the pair to continue to grow more aggressively. This also contributed to the statement of the British Minister for Brexit David Davis. However, all this movement is not associated with the technique, and a pair of reaction to the news background. I continue to insist, to refrain from a pair of transactions.

On the weekly chart the downward trend as the price is below the MA55. This week has a chance to go toward the mark of 1.28000, and it is even possible to achieve it.

On the hourly chart the upward trend previously as MA-channel moves up, and the price is above the MA55. Observed.



AUD/USD





The pair could not rise to the expected level of sales is an area of ??MA55 and a broken trendline. The pair has attempted in the morning, but not raised up. Today morning, the pair reached the MA55, but sales of it are obtained risky, as the pair could take up to a broken trend line. In any case, under today's US data is better not to trade.

On the weekly chart the trend is neutral, since the price is at MA55. The pair did not reach the target 0.71800, but after a correction is possible the resumption of decline.

On the hourly chart while a downward trend since the MA-channel moves down, and the price is below the MA55. Observed.



USD/CHF





The couple made it possible to enter into a purchase on the recommendation, but the development of growth is not received. From the current situation, the two outputs either breakeven or stop 150 points. The trend was weak and was unable to push the price higher. While the weekly chart is all worth it for growth. Under today's data on the US labor market is better not to get into the market.

On the weekly chart the upward trend as the price moves above the MA55. The pair rose to 1.02000, a little before reaching the goal. This week may attempt to drop below the broken trend line on the weekly chart, which will talk about the deeper downward correction.

On the hourly chart the trend is neutral, since the MA-channel moves horizontally, and the price is below the MA55. Observed.






Gold and Silver Technical Outlook December 2, 2016




GOLD (XAU/USD)





Gold yesterday failed to recover the balance of the line MA55, so the transaction on the recommendation has not been fulfilled. This morning, a good position in gold sales, but as it is today expected data on the US labor market, the recommendations of today do not give. Market reaction to this data is not always adequate, and very sharp, so I try to get round this data.

On the weekly chart the upward trend, as the price is above the MA55. Gold has slowed down trend and the beginning of a correction in line with expectations. Is expected to accelerate the upward movement.

On the hourly chart while a downward trend since the MA-channel moves down, and the price is below the MA55. Observed.



SILVER (XAG/USD)





Yesterday's recommendation to sell themselves on the silver worked best. See 25 points in profit on silver, is very good. Today silver placed in a very good position for sales and if not for today's statistics for the United States, would give a recommendation to sell.

On the weekly chart the trend is neutral, since the price is at MA55. The last week formed a Dodge, which speaks about the possible growth of the pair this week.

On the hourly chart the trend is neutral, since the MA-channel moves horizontally, and the price is at MA55. Observed.

[Adamant Finance]

Technical Outlook December 5, 2016




EUR/USD





US Labor Market data was main Friday’s release. This statistics was mixed as the number of new positions met the expectations but Average Hourly Earnings declined to -0,1% which is negative for inflation growth. The currency pair reaction was moderate. However, EUR/USD declined sharply today in the morning as Italian referendum prelim results are disappointing for Euro. Italian people voted against new amendments to the Constitution. Mateo Renzi is going to resign as he will lose the referendum.

The currency pair is in the downtrend as the price is below the MA55 balance line. There was no expected growth last week. EUR/USD is unlikely to reach 1,08500 as the results of Italian referendum are negative for Euro. We think that 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 give no recommendations as the price is close to the lower side of the MA-channel.



GBP/USD





The currency pair is likely to end its upside correction close to the 1,28500 level. Then it is going to decline as we expect. There is a strong uptrend and you may try to earn on this upside tendency if there is any opportunity. There is an important UK Service PMI data today. And we advise to pay attention to it. However, forecasts are close to the current figures.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD was unable to reach 1,28000 but we think it is able to touch 1,28500 this week. We expect the currency pair to resume its decline then.

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



AUD/USD





The currency pair had an expected growth towards the broken through trendline. We gave no recommendations to open short trades from the MA55 balance line. The currency pair reached the trendline but it is still risky to open short trades as the uptrend is going to develop. We expect AUD/USD to decline this week and we advise to wait until the currency pair is going to reverse.

The currency pair is in the neutral trend as the price is close to the MA55 balance line. AUD/USD continues its upside correction this week but we expect it to decline towards 0,71800.

There is still 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 as the situation is disputable.



USD/CHF





The currency pair made several downside bursts but return to its previous positions. The weekly chart situation still determines fluctuations and breaks any attempts to establish new tendency. USD/CHF is trying to grow today in the morning allowing to open long trades. However, we advise to wait until the MA-channel changes its direction.

The currency pair is in the Uptrend on the Weekly chart as the price is fluctuating above the MA55 balance line. USD/CHF failed to decline below the trendline and we think that the currency pair is going to grow towards 1,03000.

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 at the moment as the situation is still unclear.






Gold and Silver Technical Outlook December 5, 2016




GOLD (XAU/USD)





XAU/USD’s reaction to Friday’s US Labor Market data was moderate. Today market react on the results of the Italian referendum which were unexpected for many investors as Italian people seems to give no support to Mateo Renzi initiative to make some key amendments to the Constitution. Italia is going to move away from the European Union and its prime minister Renzi is going to resign as he promised. This situation is likely to give some support to Gold as investors are likely to leave Euro searching for better assets.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. USD growth exerts some pressure on Gold. We think that XAU/USD is able to restore its positions after Italian Referendum.

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



SILVER (XAG/USD)





Silver had some growth after US Labor Market data and Average Earnings declined and this is negative for inflation. Prices growth stimulate central banks to increase Interest Rates. However, Interest Rates hike odds decreased. Fed is going to hike Rates on December, but investors are waiting for further decisions already.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. There was a doji last week. We think that the price growth is going to accelerate.

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

[Adamant Finance]

Technical Outlook December 6, 2016




EUR/USD





The currency pair reached both MA-channel sides and even crossed the upper one. This unnatural volatility is due to the Italian Referendum results, which were truly unexpected. However, all those moves are very suspicious, as Euro has to go down in this situation. We think that this upside local tendency is fake and the currency pair is going to decline in the nearest future. However, we also think that the currency pair is able to end its correction and then to go downwards. In this case EUR/USD will reach 1,08500 before its decline.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth last week and the currency pair is unlikely to go towards 1,08500 after the results of the Italian Referendum. We think that EUR/USD is going to decline.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We give no recommendations today as the price is close to the upper side of the MA-channel.



GBP/USD





The currency pair failed to reach the balance line and offered no opportunity to open long trades. The uptrend is still strong and stable. You may try to buy from the MA55 balance line (if the price reaches this area) or from the MA13 (risks will be higher in this case). It is up to you to decide.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to reach 1,28000 area but it is able to touch 1,28500 this week and then to resume its decline.

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



AUD/USD





The currency pair continues its growth as there is the uptrend at the moment There is no sense to consider short trades as we see no signs of reverse. Today’s Reserve Bank of Australia meeting resulted in no changes in monetary policy. The currency pair had almost no reaction to this event. We still think that the trend is going to change.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continues its upside correction but we think that it is able to start to decline towards 0,71800 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 take no decisions, as the situation is still unclear.



USD/CHF





The currency pair declined trying to break the pattern on the Weekly chart. The currency pair is in a suitable position to open long trades against the current trend. However, those long orders will be risky. We think that if the uptrend is to take place, eventual profit will be enough to cover eventual losses. The currency pair still have some room to decline and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline below the broken through trend line on the Weekly chart. We expect USD/CHF to grow towards 1,03000.

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






Gold and Silver Technical Outlook December 6, 2016




GOLD (XAU/USD)





Gold was trading in both directions on Monday as EUR’s reaction to the Italian Referendum was strange. We think that it is better to wait for a couple of days in order to understand what is happening. EUR’s reaction is truly nervous as EURO has to decline instead of growing according to the results of the Referendum. Situation with XAU/USD is also strange. We advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Our expectations failed as USD press on Gold. We think that XAU/USD is going to grow after the Italian Referendum.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to do nothing today as the situation is still unclear.



SILVER (XAG/USD)





Silver is trading in both directions but with some upside bias indicating that the uptrend was established already. Yesterdays’ long trades closed by stops as the market was volatile and nervous. You may try to open long trades from the MA55 balance line today hoping that there will be no sharp bursts.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Doji worked out and we think that the price growth is going to accelerate this week.

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

[Adamant Finance]

Technical Outlook December 7, 2016




EUR/USD





USD downside correction is ending and we may see greenback growth in the nearest future. It is time to prepare to sell the currency pair. The trend still looks upwards but AUD/USD as well as GBP/USD have already changed their tendencies and we think that EUR/USD is going to follow those majors. Two things that still support the currency pair’s uptrend are Monday’s momentum and tomorrows European Central Bank’s meeting.

Thee is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no further growth and after the release of the Italian Referendum the currency pair is unlikely to reach 1,08500. We think that EUR/USD is going to continue its downside tendency.

The currency pair is in the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We give no recommendations today as the situation is unclear. However, we advise to prepare for short trades.



GBP/USD





Long trades from both the MA13 and the MA55 balance line failed to bring profit and the currency pair is likely to reverse its tendency. Everything becomes clear as USD gets more support from the upcoming FOMC decision. The currency pair goes downwards in a very aggressive manner. We think that it is risky to open short trades in this situation. It is better to wait until better signals to come.

The currency pair is in the Downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD failed to reach 1,28000 and reversed. However, we still think it is able to touch 1,28500 and then 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 MA55 balance line. Place stop losses below the curve.



AUD/USD





The currency pair declined sharply today in the morning after the Australian GDP q/q data. Quarterly release declined to -0,5 percent indicating a slowdown in economic growth in Australia. We think that this data is going to press on AUD and the currency pair may continue its downtrend in the nearest future.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair continues its upside tendency but we expect it to 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 open short trades from the MA55 balance line. Place stop losses above the curve.



USD/CHF





The currency pair shows some signs of a reverse of the current tendency and you may try to open long trades today. If you opened long trades in the opposite side of the trend you could have some profit as the currency pair increased for 400-500 pips. We think that today USD/CHF is going to break its tendency. In this case the currency pair is likely to accelerate its growth. You may try to buy USD/CHF with large stop losses today.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. All attempts to decline below the broken through trendline failed and we think that USD/CHF is going to grow towards 1,03000.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to do nothing today or to try long trades with stop losses below the Weekly lows.






Gold and Silver Technical Outlook December 7, 2016




GOLD (XAU/USD)





Gold was trading within a tight range with a downside bias. It is hard to say what direction the market is going to choose. However, if we look at the majors, USD is going to grow again. This may end the upside tendency and XAU/USD is likely to decline in this case. It is to say that Gold is in the downtrend at the moment and we think this tendency is likely to speed up.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. USD growth press on XAU/USD. However, after the release of the results of the Italian Referendum Gold is likely to grow.

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.



SILVER (XAG/USD)





Silver allowed entering long trades from the MA55 balance line yesterday. The price was in the profit area for 200 pips. There was an opportunity to earn. However, the tendency is likely to be broken today and we think it is a good idea to prepare for short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Doji on the Weekly chart offered some opportunities. We think that XAG/USD growth this week is going to accelerate.

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

[Adamant Finance]

Technical Outlook December 8, 2016




EUR/USD





The currency pair attempts to grow on odds that European central Bank is going to close its QE programme on Spring. The ECB Steering Committee meeting is to take place today. We think that there is a probability of some important steps to be taken today. Anyway market players still believe in better days for EUR and this give some support to the currency pair. We expect the European Central Bank to hint on the probability of QE prolongation.

The currency pair is in the Downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth last week and after the release of the results of Italian Referendum, EUR/USD is unlikely to reach 1,08500. We think that the currency pair is going to decline in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We give no recommendations for today as it is better to wait for the results of the ECB meeting before taking any decisions. However, we think there will be some opportunities to sell in the nearest future.



GBP/USD





The currency pair failed to reach the MA55 balance line and there was no opportunity to open short trades as the price was far from the area. You could sell at current prices but risks were too high. The currency pair goes towards the balance line and we think there will be some opportunities to open short trades during the day.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD failed to reach 1,28000 level last week but it is still able to reach 1,28500 and then to go downwards according to our expectations.

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.



AUD/USD





The currency pair failed to continue its decline. If you had an opportunity to open short trades, you could have small losses. We think that the market reaction was weak as investors underestimate the influence of weak Australian GDP data. We also think that market participants still needs some other confirmations in order to extend the currency pair’s decline. It is better to avoid trading at the moment as the situation is unclear.

The currency pair is in the neutral trend on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside correction but we think that it is going to decline towards 0,71800.

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



USD/CHF





The currency pair made a sharp downside burst as we have expected as the uptrend is still unstable. Long trades were too risky, as we have noticed yesterday. USD/CHF is in the neutral positions again and we advise to monitor charts. If you want to open trades in the beginning of a new tendency, you may try to buy with high risks. Place stop losses below the low of the week.

The currency pair is in the uptrend on the Weekly chart as the price is fluctuating above the Ma55 balance line. USD/CHF failed to decline below the trendline on the Weekly chart and we expect the currency pair to grow towards 1,03000.

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






Gold and Silver Technical Outlook December 8, 2016




GOLD (XAU/USD)





Our expectations were wrong as we have made a mistake determining the direction. Price consolidation in the 11,64-74,00 area was nothing but long trades accumulation. There is the uptrend today and we advise to open long trades only. We think that the distribution is still on the way and there is an opportunity to enter the market to get profit.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. USD growth press on Gold. We think that XAU/USD is able to grow after the results of the Italian Referendum.

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.



SILVER (XAG/USD)





Short trades failed to bring profit as those positions closed by stops with losses. There was a distribution yesterday and you may try to open positions during correction from the MA55 balance line. We think that the price is unlike to establish new highs this week.

There is neutral trend on the Weekly chart as the price is close to the MA55 balance line. The Doji on the Weekly chart reversed the tendency. We think that the price is going to grow faster 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 targeting 17,07. Place stop losses below the curve.

[Adamant Finance]

Technical Outlook December 9, 2016




EUR/USD





The currency pair declined sharply after European Central Bank Head’s comments that the Quantitive Easing programme will be extended until the end of 2017. ECB’s monetary policy will be “easy” for a year at least. We think that this fact offers some opportunities for Bears. A new trend established yesterday but we give no recommendations as the price is still close to the lower side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth as we have expected and after the Italian Referendum the currency pair is unlikely to go towards 1,08500. We think that the currency pair is going to decline in the nearest future.

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



GBP/USD





The currency pair allowed to sell yesterday. However, those trades closed by stop losses as the price had some upside bursts. There was opportunities to reenter the market as the downtrend resumed but the risks were too high. You could earn some pips in this case. Today we advise to continue to trade according to the trend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to reach 1,28000 but we expect it to reach 1,28500 this week. Then the price is likely to decline.

The currency pair is in the downtrend on the Hourly hcart 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.



AUD/USD





The currency pair still holds neutral position but we see some signs of possible decline in the nearest future. However, there is still no clear trend and we advise to avoid trading today. It is probable that there will be no clear tendency this week.

The currency pair is in the neutral position on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside tendency but we expect the currency pair to decline towards 0,71800 this week.

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



USD/CHF





The currency pair allowed to open trades in the beginning of its growth but there was a deep correction and those positions were risky. If you opened any trade, you could have losses as they would be closed by stops. However, you could be in the very beginning of the tendency as we have mentioned yesterday. The next best point to open trades is the broken through trendline area.

The currency pair is in the uptrend on the Weekly chart as the price is above the Ma55 balance line. All attempts to decline below the trendline failed and we think that the price is going to rise up to 1,03000.

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. Place stop losses below the line.






Gold and Silver Technical Outlook December 9, 2016




GOLD (XAU/USD)





The price was close to the MA55 during European Session and there was an opportunity to open long trades according to our recommendations. However, there was no further growth. The price was in the profit area and it was enough to protect trades placing stop losses at breakeven level. USD had some support after the European Central Bank decision. Gold is in the neutral trend at the moment and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. USD growth still press on XAU/USD and our expectations were not fulfilled. We think that Gold is going to restore its positions after the results of the Italian Referendum.

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



SILVER (XAG/USD)





Silver get closer to the MA55 balance line at night and there was no reason to open trades. The price was below the MA55 and the trendline today. This situation is suitable for long trades as we still have the uptrend. You may try to buy in case if the price closes above the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Last week’s doji reversed the tendency. We think that the uptrend is going to accelerate 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 long trades from the MA55 balance line. Place stop losses below the curve.

[Adamant Finance]

Technical Outlook December 12, 2016




EUR/USD





The currency pair ended last week close to its lows and we think that there is a high probability that EUR/USD is going to continue its downside tendency in the nearest future. The main event for this week is the FOMC meeting and the Interest Rates decision. The US central bank is expected to hike rates but we think that the market reaction will be moderate as this event is already included in price. We give no recommendations today as the price is close to the lower side of the MA-channel.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. EUR/USD reached 1,08500 last week and resumed its downside tendency after a correction. We think that 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 avoid trading today as the situation is unclear.



GBP/USD





The currency pair offered an opportunity to sell on Friday and this time those trades were successful as the price entered the profit area for 600 pips. There is a support at 1,25500 which still holds all Bears attacks. We think that the price is able to reach the upper trendline on the Hourly chart. There will be an opportunity to sell from this level as the price may cross 1,25500.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD failed to reach 1,28500 as well as 1,28000. We think that it is going to continue its decline 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 upper trendline. Place stop losses above this line.



AUD/USD





The currency pair is still hesitating to establish a clear trend but it shows more signs of further decline. You may try to place a Sell order at 0,74250. In this case you can catch a downside move if the currency pair bursts downwards in a very fast manner. Place tops losses above the trendline. Stop loss size will be rather big but it is not for long as you may place it at the breakeven level in case if the price is going downwards.

The currency pair is in the neutral trend on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside correction but we think it is going to reverse this week in order to go towards 0,71800.

There is a 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 0,75250. Place stop losses above the trendline.



USD/CHF





The currency pair failed to go back towards the broken through trendline and offered no opportunities to trade according to our recommendations. You may try to open short trades from the MA55 balance line as the upside tendency is likely to continue. There is no important data today and we think that fluctuations will be calm today.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a jump off the trendline on the Weekly chart and we advise to open long trades in the next couple of days.

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






Gold and Silver Technical Outlook December 12, 2016




GOLD (XAU/USD)





Gold was in a neutral trend on Friday but during American session it went downwards and established new lows. Those signs indicate the ability of further downside tendency to develop. The price is far from the MA55 balance line and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD continues to go downwards and we think the price is able to reach 1100,00 this month.

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 unsuitable for entering the market.



SILVER (XAG/USD)





Silver offered some opportunities according to our recommendations and the price was in a profit area allowing to move stop losses at breakeven level. However, there was no further growth and those trades brought nothing to you. The trendline was broken through on Friday and the MA-channel changed its direction indicating on the probability of a change in a tendency. We advise to open short trades today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We think that the growth is over and Silver is able to continue its decline 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 balance line or from the trendline on the Hourly chart. Place stop losses above those indicators.

[Adamant Finance]

Technical Outlook December 13, 2016




EUR/USD





The currency pair jumped upwards sharply on the eve of the FOMC meeting which is to take place tomorrow. We think that market participants close their USD long positions. It is very important to understand what does FOMC thinks about further Interest Rates hikes in 2017. If there are some hints that Rates will be increased in the nearest future, USD will grow again. We also advise to pay attention to Eurozone ZEW data. However, we don’t think that market reaction to this statistics will be significant.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. EUR/USD reached 1,08500 and resumed its decline after a correction. We think that the currency pair is going to decline 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. The price is far from the balance line and we advise to take no decisions at the moment as the situation is unclear.



GBP/USD





The currency pair went against our expectations and if you had a short positions it closed by stop losses. The trendline on the Hourly chart was broken through and the currency pair is facing a resistance level at 1,27000 at the moment. If GBP/USD crosses this level we expect it to go towards 1,27700 and even higher. We advise to pay attention to UK CPI y/y data. Analysts forecast that this statistics is going to be stronger than previous one.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to reach 1,28500 last week. We think that this week GBP/USD is going to decline.

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



AUD/USD





The currency pair is going to grow as there are signs of the uptrend on the chart. However, there is still no clear trend and it is better to do nothing. Sell stop order at 0,74250 failed to open and we advise to remove it at the moment. We advise to open no positions as it is not clear whether AUD/USD is going to establish the uptrend or no.

The currency pair is in neutral position on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside correction but we think it is able to reverse towards 0,71800 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 do nothing today as the situation is still unclear.



USD/CHF





The currency pair went downwards to the broken through trendline and there was an opportunity to open long trades according to our recommendations. Those trades are still holding as the price failed to touch stop loss and we think it is better to wait for the growth to resume. There is another option to close your trades if you think that those positions will bring you nothing. It is up to you to decide.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair bounced off the trendline on the Weekly chart and you may try to open long trades this week.

The currency pair establishes a downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold long trades from the MA55 balance line. Place stop losses below the trendline on the Hourly chart.






Gold and Silver Technical Outlook December 13, 2016




GOLD (XAU/USD)





Gold reached the balance line and there is an opportunity to open short trades today. We expect XAU/USD to decline however, you should be prepared for small profit as we think there will be no significant decrease in price. There are also risks that the price is going to grow towards the upper trend line on the Hourly chart. We think that Gold is going to trade with limited dynamics before the FOMC meeting. The results of this meeting will be released on Wednesday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price is pushing down and we think that the price is going to reach 1100,00 this month.

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 loses above this curve.



SILVER (XAG/USD)





Silver offered opportunities to sell before it grew sharply. However, there was a chance to protect your trades at breakeven level. If you opened short trades later, stop losses triggered.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver price grew a little last week but we think that this upside correction is done already and XAG/USD is going to decline.

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

[Adamant Finance]

Technical Outlook December 14, 2016




EUR/USD





Wednesday, December 14 is very important for traders as today the FOMC is going to take decision about the Interest Rates and may also announce its further outlooks for Fed’s monetary policy in the nearest future. Market dynamics will completely depend on this event. There is also some other important US data which is able to influence fluctuations along with the FOMC meetings.

The currency pair is in the downtrend on the Weekly chart as the price is below the Ma55 balance line. EUR/USD reached 1,08500 area and then resumed its downside tendency which was supported by the results of the Italian Referendum. We think that the currency pair is going to decline 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. The price is close to the balance line but we think that today’s dynamics will depend on fundamental factors. You may place sell stop order from 1,06000. However, there is high risk that the currency pair will touch this level and go higher.



GBP/USD





The currency pair had a positive dynamics yesterday due to better than expected UK CPI data. However, CBP/USD growth was limited as today market participants are waiting for the results of the FOMC meeting. Investors are cautious to take decisions before the release of the results of this important event.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD failed to reach 1,28500 and 1,28000. We think that the currency pair is going to resume 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. The price is close to the balance line. You may try to open long trades from the MA55 but it is better to protect your trades before the FOMC meetings.



AUD/USD





The currency pair is in the uptrend at the moment but this tendency is weak and me be broken today. We expect some sharp fluctuations after the FOMC meetings. You may place a sell-stop order which is to trigger in case if the currency pair goes down sharply.

The currency pair is in the neutral trend on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside dynamics but we expect it to start declining towards 0,71800 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 place a sell stop order at 0,74600.



USD/CHF





The currency pair continued its downside correction and our trades close by stop loss. If you closed your positions yesterday in the morning, your losses would not be significant. Today it is important to pay attention to the FOMC meeting which is to take place during the American session. We expect some sharp fluctuations. You may place a buy stop order to earn on a probable upside momentum.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. USD/CHF bounced off the trendline on the Weekly chart and we think it is better to open long trades 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 place a buy stop order at 1,01500.






Gold and Silver Technical Outlook December 14, 2016




GOLD (XAU/USD)





There was an opportunity to open short trades from the MA55 balance line and to fix some small profit during European trading session. You had a chance to protect your positions or fix trades as dynamics was limited and there was no sense to wait for better results. We advise to pay attention to the FOMC meeting today as we expect some sharp fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD still press down and we think it is probable that the precious metal is going to return to 1100,00 this month.

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 situations is still unclear.



SILVER (XAG/USD)





Silver is fluctuating within an established triangle. We think that today further precious metals’ dynamics becomes clear. FOMC is going to release its monetary policy decision and further outlooks.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price went upwards last week but we think that XAG/USD growth is done and the negative dynamics is going to take pace this week.

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

[Adamant Finance]

Technical Outlook December 15, 2016




EUR/USD





FOMC decided to hike Interest Rates as we had expected it previously. The main think is that Fed have made forecasts for the upcoming year announcing that Interest Rates may be increased thrice during the next 12 months. If you had placed sell stop order from 1,06000 you could take about 1300 pips as profit. There was no difficulties to fix this profitable position later. Today we advise to take no decisions as there are no clear signals.

The currency pair is in the downtrend on the Weekly chart as the price is below the Ma55 balance line. EUR/USD reached 1,08500 and then resumed its downside tendency. We expect the currency pair to decline this week.

Thee is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the Ma55 balance line. We advise to do nothing today as the price is close to the lower side of the Ma-channel and there are no clear signals to open trades.



GBP/USD





The currency pair tried to jump higher before the release of the results of the FOMC meeting allowing to buy from the MA55 balance line. If you opened this trade you could take 400-500 pips as profit or fix position at breakeven level. The currency pair declined right after the release of the FOMC meeting results. We advise to avoid trading as GBP/USD is close to the lower side of the MA-channel.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD failed to reach 1,28500 or even 1,28000 last week. We expect the currency pair to resume its decline 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 do nothing today as the price is close to the lower side of the MA-channel and the situation is still unclear.



AUD/USD





The currency pair declined yesterday after the release of the results of the FOMC meeting. If you had placed a sell stop order at 0,74600, you could earn about 800 pips in the next couple of hours. You may try to open short trades from the MA13. However, the risks are high but you may take some profit.

The currency pair is in the neutral trend on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside correction but we expect it do decline towards 0,71800 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 0,74300. Place stop loss at 0,74450.



USD/CHF





The currency pair had a considerable growth yesterday right after the release of the FOMC meeting results. If you had placed a buy stop order from 1,01500 you could earn about 1000 pips as profit. We advise to do nothing today as the price is close to the upper side of the MA-channel and there are no signals to pay attention to.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. USD/CHF bounced off the broken through trendline on the Weekly chart and we think it is better to open long trades this week.

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






Gold and Silver Technical Outlook December 15, 2016




GOLD (XAU/USD)





Gold declined sharply after yesterday’s FOMC meeting as Fed decided to raise Interest Rates according to our expectations. However, we think that XAU/USD declined due to the forecasts of further three Interest Rates hikes in 2017. It is clear that Gold is going to have difficulties next year as USD is going to grow even faster. We think that 1100,00 is the next target for XAU/USD.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price continues to push down and we think that there is a probability for gold to reach 1100,00 level this month.

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



SILVER (XAG/USD)





Silver was trading within a triangle and even crossed its lower side yesterday. We adjusted this pattern but its lower side is weaker and we expect the price to decline in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD went upwards last week. However, we think that this growth is done and Silver is going to 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 decisions as the price is close to the lower side of the MA-channel and the situations is unclear.

[Adamant Finance]

Technical Outlook December 16, 2016




EUR/USD





The currency pair continued its decline yesterday giving no chances for those who expected some upside correction. It is difficult to open trades at the moment as this correction may happen at any moment and we advise to do nothing today. The current situation remains unchanged from yesterday and we continue to wait until the currency pair goes back towards the balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair reached 1,08500 and then resumed its decline. We expect EUR/USD to go further downwards this week.

The currency pair is in the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the price is close to the lower side of the MA-channel. It is too risky to open trades in this situation.



GBP/USD





The currency pair was far from the balance line and the MA-channel. We think that those fluctuations are abnormal and we advise to avoid trading in this situation. It is better to wait until the price is back to the balance line. We think that this will happen next week. The Bank of England’s Monetary Policy Committee decided to change nothing and this meeting had almost no impact on fluctuations.

The currency pair is in the Downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD failed to reach 1,28500. We expect the currency pair to continue its decline 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 today as the price is close to the lower side of the Ma-channel. It is risky to open trades in this situation because of a high probability of a correction.



AUD/USD





There was no opportunity to open short trades according to our recommendations as the price failed to reach 0,74300. We also recommended opening short trades from the MA13 and you could do it from 0,74200 area. In this case you had a chance to take about 800 pips of profit and risks were low. Today it is better to do nothing as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continues its upside dynamics but we think that AUD/USD is going to decline towards 0,71800 this week.

The currency pair is in the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the price is close to the lower side of the MA-channel. It is risky to open trades because of a probability of a correction.



USD/CHF





The currency pair offered an opportunity to open long trades from the MA13 but we try to avoid to trade according to this tactics as we are confident of our expectations. We still wait for the price to go towards the balance line and we think this will happen next week. It is better to do nothing today as the situations is unclear.

The currency pair is in the uptrend on the Weekly chart as the price is fluctuating above the MA55 balance line. The price bounced off the broken through trendline on the Weekly chart and we advise to look for long trades this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the price is close to the upper side of the MA-channel. It is risky to trade as there is a probability of a correction.






Gold and Silver Technical Outlook December 16, 2016




GOLD (XAU/USD)





XAU/USD continues to decline after the release of the FOMC meeting results. The precious metal even failed to reach the balance line and we advise to avoid trading for this reason. The price is even unable to reach the MA13. Short trades could bring you profit but they are too risky in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD continues to go downwards and we think that Gold is able to reach 1100,00 this month.

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



SILVER (XAG/USD)





Silver crossed the triangle and moved further downwards. However, we give no recommendations as the price is out of the MA-channel range. This situation is unfavorable for trading as the price is far from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD went upwards influenced by a Doji, but we think that the correction is done already and a downside dynamics is to take place.

There is the downtrend on the Hourly chart a the MA-channel goes downwards and the price is below the MA55 balance line. We advise to do nothing as the price is below the lower side of the MA-channel.

[Adamant Finance]

Technical Outlook December 19, 2016




EUR/USD





The currency pair went back to the balance line and reached it on Friday but there are no signs of further direction still. We think that the price is able to go further upwards towards the trend line on the Hourly chart. The correction in this case will be deeper. However, the MA-channel still neutral and we do not advise to open long trades. We are on the eve of Christmas and we think that trading volumes will be lower by the end of the next five days.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued to decline last week according to our expectations as Fed decided to hike Interest Rates and announced three Rates hikes in the next 12 months. We think that EUR/USD is going to decline this week again after a correction.

The currency pair is in the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions at the moment as the situation is still unclear. The upside correction is able to extend.



GBP/USD





The currency pair shows some signs of further growth. This upside correction is able to be even deeper but in this case, the price is to cross the trend line and we think that GBP/USD may probably reach 1,26000. There is no important data or events today. We think that the correction is going to continue today. It is to say that we are on the eve of Christmas and we expect the volume to decline by the end of the next five days.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards according to our expectations. We think that the price is going to decline after some correction 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 today as the situations is unclear and the correction may be deeper than expected.



AUD/USD





The situation remains unchanged as the currency pair is fluctuating close to the lower side of the MA-channel and we give no recommendations today. It is better to wait until AUD/USD is back to the balance line and shows signs of further decline. RBA meeting minutes are to be released tomorrow in the morning. This data is able to influence fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We think that the price is able to reach 0,71800 in the next couple of days.

The currency pair is in the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the price is close to the lower side of the MA-channel. The risks of correction are too high.



USD/CHF





The currency pair reached the balance line on Friday and bounced off it at 350 pips. There was no signs of growth today in the morning and we think that correction may be even deeper. We expect the currency pair to decline towards 1,02000. There is no important data today and we think that the fluctuations will be determined by technical analysis.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. USD/CHF had some growth from the broken through trendline. We expect the growth to continue after some correction.

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






Gold and Silver Technical Outlook December 19, 2016




GOLD (XAU/USD)





XAU/USD went back towards the balance line and bounced off it. However, the price crossed the balance line and we think there is a probability of a deeper correction towards 1150,00. It is also to mention that we are on the eve of Christmas and the volume may decline by the end of the week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price failed to reach 1100,00 but it was close to the target. We think that XAU/USD is going to touch this level 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 today as the correction is still on the way.



SILVER (XAG/USD)





Silver declined considerably on Thursday and is still far from the balance line. However, we advise to wait until the price is back to the broken through trendline on the Hourly chart. In order to open short trades, wait until the price bounces off the trendline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The negative dynamics resumed last week according to our expectations. We think Silver is able to continue its decline after a sort of a correction.

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

[Adamant Finance]

Technical Outlook December 20, 2016




EUR/USD





The currency pair is in flat and is trading around the balance line. The MA-channel is in the neutral position which is also a sign of uncertainty. Yesterday’s German Ifo Business Climate was better than forecasted but this data had no influence on quotes. There is no important statistics today and the currency pair is likely to be trading within a range. We expected it to go towards the trendline but EUR/USD is still far from it.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. EUR/USD continued its decline last week according to our expectations. We think that EUR/USD is going to decline again after some correction.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to do nothing today as the situation remains unclear.



GBP/USD





The broken through trendline played a role of a resistance and the price bounced off it establishing new December lows. It seems that the currency pair is going to continue its downside dynamics without any correction. There is no important data today to follow. You may try to open short trades from the MA55 balance line area.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined according to our expectations. We think that GBP/USD is going to continue its decline this week after some upside correction.

The currency pair is in the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses at will.



AUD/USD





Last Reserve Bank of Australia meeting minutes had almost no impact on fluctuations as there was nothing new in RBA members’ comments. The currency pair declines gradually and is unable to correct towards the balance line. There is no opportunity to open trades. The price is moving towards 0,71800.

The currency pair is in neutral trend on the Weekly chart as the price is close to the MA55 balance line. We think that the price is able to reach the target at 0,71800 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 do nothing today as the price is far from the MA55 balance line. There are risks of a correction.



USD/CHF





The currency pair declined to 1,02200 but failed to reach 1,02000. We think that there is a probability of another burst towards 1,02000 and then we expect USD/CHF to start upside tendency. However, we advise to avoid hasty decisions as the MA-channel reversed and there is a probability of further decline as the correction may be deeper than we had expected it previously. You may try short positions as the trend looks downwards and the price is close to the balance line. If you decide to sell, targets should be close to the strike price.

There is the downtrend on the Weekly chart as the price is fluctuating above the MA55 balance line. The currency pair had growth from the trendline and we think there is a probability of further growth after a correction.

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






Gold and Silver Technical Outlook December 20, 2016




GOLD (XAU/USD)





Gold is trading in flat as there are no drivers for further moves. Market participants prepare for holidays and they are fixing their positions gradually. However, we still expect some fluctuations this week. We still think that a deep correction is possible. We expect that after this correction the currency pair is going to decline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price failed to reach 1100,00 and we think it may reach this level during the 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 as the correction is still on the way. It is better to trade after this correction ends.



SILVER (XAG/USD)





Silver reached the balance line today and the MA-channel is ready to reverse. We advise to wait until the price touches 16,50 and then to open short trades. It is still far from the current price but the current tendency looks downwards and we advise to avoid trading.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We have seen negative dynamics last week according to our expectations. We think that Silver is able to decline after some upside correction.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading and look for the correction to end.

[Adamant Finance]

Technical Outlook December 21, 2016




EUR/USD





The currency pair continues its downside dynamics without going back to the trendline. There is a downside tendency at the moment and the price is close to the MA55 balance line. You may try to open short trades from the MA55 but there are risks that EUR/USD is going to grow towards the trendline before it continues the downtrend. There is no important data today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continues its decline last week according to our expectations. We think the currency pair is going to continue its decline this week after some correction.

The currency pair is in the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop loss above the curve. In case if EUR/USD grows towards the trendline, you may try to sell from there.



GBP/USD





There was no opportunity to open short trades from the MA55 balance line as the price did no reach this area yesterday. We think that you may try to sell from the MA55 balance line if the price reaches this curve today. There is still a downside tendency. You may try to sell even now as the stop loss will be good enough for this currency pair. Stop loss should be around 300 pips from the current price according to GBP/USD’s volatility.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD declined last week according to our expectations. We think that the currency pair is going to continue its decline after some correction.

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



AUD/USD





The currency pair is back to the balance line and you may try to open short positions from the MA55 today. AUD/USD targets 0,71500-800 and we think that it is time to sell aiming those levels. There is no important data today and the currency pair will be trading according to technical analysis.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We think that the currency pair is able to reach 0,71800 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 balance line. Place stop losses above the curve.



USD/CHF





Short trades according to our recommendations failed to bring profit as stop losses triggered. Stop losses were short (about 150-200 pips). However, downside tendency was limited and we think it is time to think about long trades. Current trend is neutral and it is better avoid trading. it is better to wait until the uptrend takes place.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards from the broken through trendline and we think USD/CHF is going to continue to grow after some correction.

The currency pair is in neutral trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situations is still unclear.







Gold and Silver Technical Outlook December 21, 2016




GOLD (XAU/USD)





Gold continues to be trading in flat. There is no correction towards 1150,00 and we think that market participants are unable to establish any tendency. We suppose that Gold is going to be in a range during the upcoming holidays. There are still chances that XAU/USD is going to move in any direction, but those expectations are weak.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to reach 1100,00 last week but we think that the price is able to go there 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 avoid trading today as there are still no signs of the end of a correction.



SILVER (XAG/USD)





Silver failed to grow towards 16,50 and went downwards. However, this sharp downside momentum was short. There is still no trend and we think it is better to avoid trading at the moment. There is a possibility that the price is going to reach 16,50 in the dying moments of this week.

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

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 today as there are still no signs of the end of a correction.

[Adamant Finance]

Technical Outlook December 22, 2016




EUR/USD





The currency pair increased contrary to our expectations. We think that the upcoming holidays influence fluctuations as market participants are fixing their positions. We expected this situation today or on Friday. However, if you had opened short trades they was closed by stop losses. We do not advise to trades these days, as there is a high probability of unexpected moves.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its decline last week according to our expectations. We think that EUR/US is going to decline this week after some upside correction.

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



GBP/USD





There was two opportunities to open short trades yesterday. If you sis it, you could take about 500 pips of profit. The first one you could open in the morning according to our recommendations. The second one when the price reached the MA55 balance line. The currency pair did no established new weekly lows and we think that a correction is possible.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD declined last week as we had previously expected. We think that the currency pair is able to continue its downside tendency after some correction.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to do nothing today as the situation is unclear and it is risky to open trades on the eve of holidays.



AUD/USD





There was an opportunity to open short trades from the MA55 balance line but the eventual profit in this case could be about 200 pips. You could protect your trades by placing stop losses at breakeven level. Market participants have are not willing to push the currency pair lower and we think that AUD/USD will fail to reach 0,71500-71800.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We think that the target at 0,71800 will be reached this week.

The currency pair is in the neutral trend as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear and it is risky to open trades.



USD/CHF





The currency pair has no clear direction and we think there will be no trend until the end of the upcoming holidays. Most of market participant are fixing their trades and this asset is losing liquidity at the moment. There is a probability that today’s US data is going to increase volatility but the chances are low. We give no recommendations anyway.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some growth from the broken through trendline and we think that USD/CHF is able to continue its upside tendency this week.

There is no trend on the Hourly chart as the MA-channel is in the neutral position and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear and it is risky to open positions on the eve of holidays.






Gold and Silver Technical Outlook December 22, 2016




GOLD (XAU/USD)





Gold continues to be trading with no clear direction. There are some signs of further decline but we are not sure XAU/USD is going to decrease in the next couple of days. The upcoming holidays push market participants to fix their positions. Today’s US data is able to increase volatility. However, if it meets expectations we will not see any rally. It is better to sell according to the technical analysis, but there is a probability that bears are fixing their trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to reach 1100,00 but we think it may do it this week.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to do nothing today as the situations is unclear.



SILVER (XAG/USD)





Silver is trading within a range and does no attempts to develop any trend. We see no further dynamics in this situation. It is better to wait until XAG/USD is going to any direction in order to take any further decisions.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The negative dynamics resumed last week according to our expectations. We think that Silver is going to decline this week after some correction.

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 avoid trading today as the situation is unclear.

[Adamant Finance]

Technical Outlook December 23, 2016




EUR/USD





The currency pair’s reaction to the US data was sharp but EUR/USD still remains on its previous positions. There was some upside momentum yesterday but it was limited in time. The currency pair closed yesterday’s session almost at the same level as it opened. This is due to the fact that market participants avoid to take any considerable steps before Christmas. There are long holidays on the way and we think that EUR/USD is going to hold its positions. FX market is not working on Monday.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. EUR/USD continued to decline last week according to our expectations. We think that it is going to decrease this week again after some upside correction.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. It is risky to open trades on the eve of the Christmas holidays.



GBP/USD





The currency pair continued its decline and it was strange as the other majors was trading in a range. Yesterday’s US data was mostly better than expected but it had almost no influence on quotes as market participants are cautious before holidays. We give no recommendations today. We think that there will be some signs of future fluctuations on Tuesday. However we think that there will be nothing extraordinary and the currency pair is going to be trading within a range.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair declined according to our expectations. We think that it is going to continue its decline this week after some upside correction.

The currency pair is in the downtrend as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to do nothing today because of the upcoming long holidays.



AUD/USD





The currency pair is able to reach previously established targets at 0,71500-,071800 as it is only 200 pips to touch the aim. However, this downside tendency develops hardly and there are signs of lower than usual trading volumes. Yesterday’s US data was better than expected but it had almost no influence on the currency pair.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We think that 0,71800 will be reached this week.

The currency pair is in the downtrend as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to do nothing today as it is very risky to open trades on the eve of Christmas holidays.



USD/CHF





The currency pair tries to change its neutral tendency into the downtrend. However, those attempts are weak and we still see the same range. There are long holidays on the way and we think that market participants are going to avoid trading. We give no recommendations for today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some growth from the broken through trend line on the Weekly chart last week. We think that the currency pair is going to continue its upside tendency this week after some downside correction.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the volumes are lower on the eve of the Christmas holidays.





Gold and Silver Technical Outlook December 23, 2016




GOLD (XAU/USD)





Gold remains within the same range despite the fact that US data was better than expected. We think that market participants think about their holidays instead of quotes and try to do nothing on the eve of Christmas. We think that today there will be no significant fluctuations as volumes are lower than usual.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold failed to reach 1100,00 level but we think it is going to do it this week.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We give no recommendations today as it is risky to trade on low volumes.



SILVER (XAG/USD)





Silver continues its fluctuations within a range and we have no idea about what changes may occur today. Volumes are low and there is lack of traders to create any serious movement. We give no recommendations for today.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. There was a negative dynamics last week according to our expectations. We think that XAG/USD is going to resume it downside tendency after a correction this week.

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

[Adamant Finance]

Technical Outlook December 26, 2016




EUR/USD





The currency pair was trading within a tight range and closed Friday’s session on the same level almost. The market participants were cautious on the eve of Christmas and the volumes were low. Today the FX market is working as there are banking operations in Asia but most of participants are on holidays and volumes are low. We think that there will be no trading activities until tomorrow.

The currency pair is in the downtrend as the price is below the MA55 balance line. EUR/USD was trading in both directions last Week and closed at the same level as it started on Monday. We think that this week the currency pair is going to decline.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the volumes are low and it is hard to take any profit.



GBP/USD





The currency pair was trading in both directions on Friday and closed at the same level as started. We think that today’s dynamics is going to be even more modest as most of market participants are on holidays. We advise to do nothing.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined according to our expectations without any correction. We think that GBP/USD will show the same dynamics 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 today as the volumes are low and it is hard to do any profit.



AUD/USD





The currency pair reached the previously established target at 0,71500-71800. We think that there will be no significant fluctuations today and it is better to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair reached its target at 0,71800 last week. We think that there is a high probability of a correction 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 today as the volumes are low and it is hard to catch profit.



USD/CHF





The currency pair is still in the neutral trend and we think that it is going to show the same dynamics today as most of market participants are on holidays and the market liquidity is very low.

There is the uptrend on the Weekly y chart as the price is above the MA55 balance line. There was no further currency pair growth as correction took place. We think that the currency pair is going to show the same dynamics due to holidays.

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

[Adamant Finance]

Technical Outlook December 27, 2016




EUR/USD





The market participants were on holidays as you may see it on the chart. Today a part of them is going to be back and to take part in trading for a couple of days. However, we do not expect significant fluctuations as New Year’s holidays are on the way. Volumes are still low as many market participants avoid trading at the moment. There is an important US Consumer Confidence data today but we do not expect it to make any serious changes in the current situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week and closed almost on the same level that it started fluctuations last Monday. We think that the currency pair is going to decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the volumes are still low and it is hard to predict fluctuations today.



GBP/USD





The currency pair had almost no fluctuations as market participants were still on Christmas holidays. We think that market participants are going to be back today but not all of them. UK is still on holidays and we advise to do nothing today. There is no important data from the Great Britain in addition.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD declined according to our expectations last week without any correction. We think that the currency pair is going to continue its negative dynamics this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the volumes are low. It is risky to take any actions on the eve of New Years’ holidays.



AUD/USD





The currency pair is going to increase its volatility after yesterday’s pause. However, we think that most of market participants are still on holidays and there will be lack of volumes to produce any serious moves. It is better to avoid trading and enjoy New Year’s holidays.

The currency pair is in a neutral position as the price is close to the MA55 balance line. AUD/USD reached 0,71800 last week. We think that AUD/USD is going to have an upside correction this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as volumes are still low and it is risky to take any actions during Christmas and New year’s holidays.



USD/CHF





There is still the neutral trend as no side is dominating the market. We think that the currency pair is going to increase its volatility today, but we do not think that there will be any significant moves as volumes are low. However, there is a little probability that surprises may occur if somebody decides to move the price on low volumes.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no further growth of USD/CHF last week as the downside correction started. The currency pair is going to continue this dynamics according to our expectations.

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






Gold and Silver Technical Outlook December 27, 2016




GOLD (XAU/USD)





Gold traders are back after long holidays, but dynamics is still very weak. The main reason for this is the fact that most of market participants are still on holidays. Many of them will not open trades before 2017. We do not expect any significant fluctuations this week. We advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold failed to reach 1100,00 level but we think that it is going to do it this week.

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



SILVER (XAG/USD)





Silver is trading within a range but as we can see it on the chart, Bears are still dominating. We think that XAG/USD is going to establish new lows from April 2016 this week. However, most of market participants are on holiday at the moment and the volumes are low.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD showed negative dynamics last week and we think that it is going to decline this week.

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

[Adamant Finance]

Technical Outlook December 29, 2016




EUR/USD





You had an opportunity yesterday to see how investors can move a currency pair on low volumes. However, the price after some fluctuations returned back today in the morning. This fact says that the investors moved the currency pair intentionally. EUR/USD balance line is at 1,0440 approximately. Most of investors are on holidays this week as we are on the eve of New Year holidays.

Trading volumes are still low and we advise to do nothing today.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. EUR/USD fluctuated in both directions last week but closed Friday’s session almost on the same level as it started on Monday. We think that the currency pair is going to decline this week.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the volumes are still low and it is risky to do something in those conditions.



GBP/USD





Yesterday’s range of fluctuations increased up to 900 pips and the currency pair showed some volatility. However, we do not recommend trading as the volumes are still too low and those who trade at the moment may push the currency pair in any direction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations without any correction. We think that GBP/USD is going to continue this dynamics in the next couple of days.

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



AUD/USD





The currency pair extended its fluctuations range yesterday but the price was at the same level by the end of the day. As we have previously mentioned, it is better to do nothing this week and to enjoy the holidays as the volumes are very low.

There is no tend on the Weekly chart as the price is close to the MA55 balance line. The currency pair reached its target at 0,71800 last week. We think that AUD/USD is going to have a correction in the next couple of days.

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



USD/CHF





The currency pair is getting closer to the trendline and we think it is going to bounce off it in the nearest future. However, there is no trend at the moment and there is no sense to open trades. Most of market players are on holidays and the volumes are low.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no further growth of the currency pair last week as a correction started. We think that USD/CHF is going to continue this dynamics in the next couple of days.

The currency pair is in the neutral trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the volumes are low and the situations is unclear.






Gold and Silver Technical Outlook December 29, 2016




GOLD (XAU/USD)





Gold was lower than the trendline yesterday according to our expectations but today it moved higher. We think that XAU/USD is going to extend its upside tendency and there will be no further decline towards 1125,00. The upside tendency becomes stronger and we think XAU/USD will continue to increase. We advise to do nothing today as there is lack of liquidity.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price failed to reach 1100,00 but we think XAU/USD is going to reach this level in the next couple of days.

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



SILVER (XAG/USD)





Silver is trying to establish an upside tendency. If it continues to grow above 16,24, there will be an opportunity to extend the upside tendency. However, we think that this level is going to be a strong obstacle. We advise to do nothing today as there is lack of liquidity today.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. There was negative dynamics last week and we think XAG/USD is going to continue its decline in the next couple of days.

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

[Adamant Finance]

Technical Outlook December 30, 2016




EUR/USD





Today is a shorter workday as Europeans are going on weekend earlier than usual. The currency pair did a sharp upside burst due to low volumes. We advise to avoid trading today as there is a probability of unexpected troubles. Volumes will be higher after New Year’s holidays and you will have and opportunity to open trades.

There is the downtrend on the Weekly chart as the price is below the MA5 balance line. The currency pair was trading in both directions last week and closed on Friday at the same level as it started on Monday. We think that EUR/USD is going to decline this week.

The currency pair is in the uptrend on the Hourly chart as the mA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the volumes are low and the situation is unclear. There is a probability of unexpected fluctuations on a low market liquidity.



GBP/USD





The currency pair was trading in both directions yesterday but it went upwards today in the morning. The current trend is neutral a there is no clear direction. We advise to do nothing today as the volumes are low and those who trade at the moment may push the currency pair in any direction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations without any correction. We think that this dynamics is going to continue this week.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situations is unclear and the volumes are low.



AUD/USD





The currency pair is trying to establish an upside tendency but due to low volumes it is impossible to take any opportunity. There are risks that the price is going to sharply increase or decrease today. It is better to do nothing today and enjoy New year’s holidays.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair reached its target at 0,71800 last week. We think that AUD/USD is going to start a correction in the next couple of days.

The currency pair is in the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma5 balance line. We advise to avoid trading today as the volumes are low and the situations is unclear.



USD/CHF





The currency pair broke through the trendline without any resistance which was surprising. We think that it was the influence of low volumes. There were few orders to protect this level. We can see a downside tendency after today’s downside burst but we do not recommend doing anything today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no further growth last week and the currency pair started a correction. We think that this dynamics will be continued after the holidays.

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






Gold and Silver Technical Outlook December 30, 2016




GOLD (XAUUSD)





XAU/USD continued its growth according to our expectations. We gave no recommendations as risks are still too high. Liquidity is low and there is a probability of surprises. Positions are under correction by the end of the year.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to reach 1100,00 and we think it is going to touch the level this week.

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



SILVER (XAGUSD)





Silver fails to grow above 16,24. The uptrend is stable but we think that that market participants will wait until the end of the holidays before taking any further actions. We advise to do nothing today as the liquidity is low.

There is no tend on the Weekly chart as the price is close to the MA55 balance line. Negative dynamics was developing last week and we think that XAG/USD is going to decline this week.

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

[Adamant Finance]

Technical Outlook January 3, 2017




EUR/USD





Happy New Year to all traders! We think that USD may retreat in the beginning of the year and this tendency is clearly seen currently on the charts. This week is short and the main event is to take place on Friday. US Labor Market data will be released this day. Today we advise to pay attention to German statistics but we don’t expect it to influence seriously fluctuations. The currency pair is in an inconvenient position for trading and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some volatility last week on low volumes. We think that the upside correction is to take place this week.

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



GBP/USD





The currency pair tries to go upwards as we may see it on the charts. We advise to pay attention to today’s UK Manufacturing PMI index as it may have impact on GBP/USD if final figures are not close to the forecasts. You may try to open long trades from the balance line today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. However, the currency pair stopped to slip down and started a correction. We think that GBP/USD is going to grow this week.

The currency pair is in the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades today from the MA55 balance line or even lower. Place stop losses below the trendline on the Hourly chart.



AUD/USD





The currency pair established neutral tendency but there are some signs of further upside trend. AUD/USD is trading in an upside wide range and you may try to open long trades from its lower side. There was such an opportunity yesterday but we gave no recommendations as risks were too high. It is to mention that there is still no trend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went on a correction according to our expectations as it has reached the target at 0,71800. We think that the upside correction is going to continue this week.

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



USD/CHF





The current situation is strange. The trendline was broken through and there is a probability of further decline. However, there is no tendency on the chart. We give no recommendations today. However we think that the downtrend will resume in the nearest future.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line The currency pair established a resistance at 1,03000 and we think it is going to decline from this level in the nearest future.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear and it is risky to take decision in the current position.







Gold and Silver Technical Outlook January 3, 2017




GOLD (XAUUSD)





XAU/USD tried to go upwards last week. We think that Interest Rates hike odds are already included in the current price. If those assumptions are right, Gold has an opportunity to grow at least towards 1195,00. However, we do not expect this to happen in the nearest future as this growth will be a part of a correctional wave. This assumption needs proofs. There will be a portion of important US data on Friday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to reach 1100,00 level and we think that Gold is unable to do this in the nearest future. We think that Gold is going to continue its correction 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.



SILVER (XAGUSD)





Silver had enough correction to assault 16,24 level in the nearest future. We think that XAG/USD is going to do this tomorrow only and we advise to avoid trading before this moment. It is risky to open trades today as the price had a considerable growth in the past couple of hours.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Last week closed higher and we think it is time for a correction to take place. We think that this correctional grow will continue this week.

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

[Adamant Finance]

Technical Outlook January 4, 2017




EUR/USD





The currency pair declined considerably towards the trendline and made a fake breakthrough. However, the trendline still holds the price and we think that there is an upside correction on the way despite the fact that we have the downside trend. We advise to pay special attention to the trendlines on the Hourly chart as they are very important for future tendency as it depends on which of those two lines will be broken. There is an important release today – FOMC Meeting Minutes. Market participants will pay attention to the event.

There is the downtrend on the Weekly chart a the price is below the MA55 balance line. The currency pair was trading with high volatility last week as the volumes were low. We expect the currency pair to have an upside correction 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 do nothing today as we think that the situation is still unclear. Wait for the breakthrough of any trendline on the Hourly chart.



GBP/USD





Yesterday’s situation hinted on the probability of the currency pair growth. However, USD had a sharp momentum and there was no opportunity to buy. The UK data was even better than expected but GBP continued to fall. The trend is changing but it is still too early to open short trades. We advise to follow further dynamics today.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair stopped to decline and there is a probability of an upside correction. We expect the currency pair to grow this week.

The currency pair is in the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the Ma55 balance line. We advise to avoid trading today as the situation is still unclear.



AUD/USD





The currency pair is still trading within the same limited range as nothing changed since our last outlook from January 3rd, 2017. We think that today’s FOMC Meeting Minutes may change situation. There is no trend and we advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair is in a correction according to our expectations after it reached its target at 0,71800. We expect the upside correction to develop this week.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to do nothing today as the situation is still unclear.



USD/CHF





The currency pair went upwards to the trendline and made a fake breakthrough as USD had a momentum. We still think that there is a probability of a downside tendency despite the fact that the uptrend is too strong. We draw two trendlines on the Hourly chart. Wait for the price to break any of those two lines to see further direction of fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair met a strong resistance at 1,03000. We think that the price is going to leave this area in the next couple of days.

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







Gold and Silver Technical Outlook January 4, 2017




GOLD (XAUUSD)





Gold has intentions to go upwards but long trades from the MA55 were false. The currency pair offered an opportunity to buy from the MA55 balance line tonight. We still think that there will be another opportunity to open long trades during the day and we still advise to look for it. Market participants are waiting for today’s FOMC Meeting Minutes and we think this release will result in sharp fluctuations. We advise to close all positions or to protect them before the event.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to reach 1100,00 and we think Gold is unable to touch this level in the nearest future. We think that the price is going grow within a framework of a current upside correction.

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



SILVER (XAGUSD)





Silver crossed 16,24 yesterday and we think it is time to look for long trades from this area. There was a good opportunity tonight but most of us was far from charts. We think that there will be another opportunity during the day to enter the trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen some growth last week and we think that the correction is on the way. XAG/USD may continue its upside correction this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades from 16,24 area. Place stops below this level.

[Adamant Finance]

Technical Outlook January 5, 2017




EUR/USD





The currency pair crossed the upper trendline yesterday and established new direction of fluctuations. You could try long trades but we gave no recommendations as those positions would be in the opposite side of the trend. There are many important releases from the USA today and we think there is a probability of a volatility to grow during the American session. The price is close to the upper side of the MA-channel. In this situation we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with high volatility in the end of the last week. We think that it is going to have an upside correction this week.

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



GBP/USD





The currency pair crossed its trendline and moved higher. We think that there is a clear reverse and it is time to look for long trades. We had some doubts yesterday that downside tendency was going to develop. You may try long trades from the MA55 balance line. There will be some opportunities during the American session we think. However, it is better to open trades before this session in order to catch the momentum.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. GBP/USD stopped to decline and we think there is a probability of a long correction. We expect the currency pair to grow 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.



AUD/USD





The currency pair’s fluctuations indicates on a probability of an upside tendency. You may try to buy AUD/USD today. However, it is better to wait until the price goes back to the MA55 balance line during European session in order to open trades before the American session. If the currency pair continues its growth during European session, it is better to avoid trading.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. AUD/USD is in a correction as we had expected it previously. The currency pair reached 0,71800 level and we think that an upside correction is going to develop 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 buy from the MA55 balance line. Place stop losses below the curve.



USD/CHF





The currency pair was trading in a downside direction and crossed the lower trendline. There was opportunities to open short trades but we gave no recommendations as those positions were in the opposite side of a current tendency. We give no recommendations today as well as the price is far from the balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair met a serious resistance at 1,03000. We think that USD/CHF is going to decline from this level during the week.

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







Gold and Silver Technical Outlook January 5, 2017




GOLD (XAUUSD)





There was no opportunity to buy from the MA55 balance line according to our recommendations as the price was far from the balance line yesterday. There was nothing new in FOMC Meeting Minutes. FOMC members still have no idea about what to do next as they are going to wait until the results of Trump’s activities. They want to see his actions first before making any forecasts. This situation gives some space for gold to grow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold failed to reach 1100,00 last week and we think that XAU/USD is going to develop its correction in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We give no recommendations today as the price is close to the upper side of the MA-channel.



SILVER (XAGUSD)





Silver failed to get back towards 16,24 and there was no opportunity to open trades. Prices went upwards today in the morning and reached the upper side of the MA-channel. It is risky to open trades in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAG/USD had some growth last week and we think that Silver is starting its correction. We expect the precious metal to continue its correction in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We give no recommendations as the price is close to the upper side of the MA-channel.

[Adamant Finance]

Technical Outlook January 6, 2017




EUR/USD





The currency pair continued its aggressive growth yesterday and it is close to the upper side of the MA-channel. ADP Non Farm data was worse that expected and this event pushes USD downwards. Today we advise to pay attention to important US Labor Market data as it may result in further decline of USD or stop a downside tendency. Analysts forecast little decline in Non Farm Payrolls data as well as little growth in unemployment rate.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with high volatility accompanied with low volumes last week. We think that it is going to continue its upside correction this week.

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



GBP/USD





The currency pair went back to the MA55 balance line before the American session and offered an opportunity to open long trades according to our expectations. The price moved upwards for 1500 that was enough to protect trades and take a considerable profit. We give no recommendations today as there is an important release of the US Labor Market data during American session. It is hard to say whether this data is better or worse than expected and how the market participants are going to react to it.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD Slows down its decline and there is a probability that the currency pair is in correction at the moment. We think that the currency pair’s growth 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 avoid trading today as it is hard to predict market’s reaction to today’s US Labor Market data.



AUD/USD





The currency pair moved downwards before the American session, but this local correction was not enough to open long trades.

However, after this correction AUD/USD had some growth as we had expected it previously. We give no recommendations today as there is a very important US data on the way. It is better to take any decisions after the release of the US Labor Market statistics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went on correction according to our expectations. We think that this week it is going to continue its growth.

The currency pair is in the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as it is hard to say what direction AUD/USD will choose after the release of the US Labor Market data today.



USD/CHF





The currency pair went back to the MA55 balance line but it was not enough to open trades according to our recommendations. We advise to avoid trading today as well as there is an important US data on the way and it is hard to predict how market players will react on it. It is better to do some steps after the release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a strong resistance at 1,03000 and we think that the currency pair is going to step back from this level.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to do nothing before the release of the US Labor Market data.







Gold and Silver Technical Outlook January 6, 2017




GOLD (XAUUSD)





Gold continued its upside dynamics close to the upper side of the MA-channel but we think that the situation may change today after the release of the US Labor Market data. Market participants think that this data is going to be worse than forecasted as ADP Non Farms were weaker than expected. Anyway, today’s statistics is hard to be predicted.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold failed to reach 1100,00 and we think it is not going to do it in the nearest future. We expect XAU/USD to continue its correctional growth 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 give no recommendations today as it is an important US Labor Market data on the way.



SILVER (XAGUSD)





Silver had some growth yesterday but it was limited and we gave no recommendations. Silver had a sharp downside momentum and reached 16,21 today in the morning. Here was a good opportunity to open long trades. However, we think that it is better to avoid trading before today’s US Labor Market data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAG/USD had some growth last week and we think that this correction 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. It is better to avoid trading today as it is hard to say how market participants are going to react on the US Labor Market data.

[Adamant Finance]

Technical Outlook January 9, 2017




EUR/USD





The currency pair reversed after Friday’s US Labor Market data as it was mixed. US Non-Farm Payrolls were weaker than expected and declined to 156 000 new jobs created in December. Unemployment Rate rose to 4,7% that was also worse than expected. However, Average Hourly Earnings grew to 0,4%. This last data gave some support to USD as further wage growth may cause inflation rise and result in Interest Rates hike. The most important events and statistics are to be released on Thursday and Friday this week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started an upside correction last week and we think it is going to go upwards this week again.

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 do nothing today as the situations is still unclear. Wait for further US statistics.



GBP/USD





The currency pair declined on Friday after the US Labor Market and Wage data. Trend has changed and we think there are risks of further decline of GBP/USD. However, Friday’s US data is already included in price and we think that the price may go back towards previous levels. We advise to do nothing today as the price is still far from the balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no tendency in fluctuations last week and we think this situation is likely to repeat 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 today as the situation is unclear.



AUD/USD





The currency pair declined on Friday’s US Labor Market data as it was mixed. However, AUD/USD still looks upwards and we think this tendency is going to continue. The price is close to the MA55 balance line and there is an opportunity to open long trades.

However, it is not a good idea to enter the market at the moment as the trendline is broken through and there are risks that the currency pair is going to further decline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week. We think that it is going to move further upwards in the next couple of days.

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



USD/CHF





The currency pair had some growth on Friday after the US Labor Market data. USD/CHF had broken through the trendline. We think that the currency pair is going to continue its growth this week. There is still the uptrend but we think USD/CHF is going to reverse in the nearest future. WE give no recommendations at the moment as there is a probability of a reverse. It is better to wait for a while until the situation becomes clear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair left 1,03000 and moved downside. We think that USD/CHF is going to be trading below this level in the next couple of days.

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







Gold and Silver Technical Outlook January 9, 2017




GOLD (XAUUSD)





Gold is in correction after Friday’s US Labor Market data which was mixed. US Non Farm data was weaker than expected as the number of new jobs created in December was 156 000 against 204 000 (revised from 178 000) in November. However, Average Hourly Earnings data was better than expected and gave some support to the US dollar. Wage growth may result in an inflation growth. Fed will have to increase Rates in this case. We think that XAU/USD is going to decline towards the trendline and then to go upwards.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The was some correctional growth last week and we think it is going to continue this week again.

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



SILVER (XAGUSD)





Silver was trading in a range on Friday. We think that XAG/USD is going to decline before further growth. You may try short trades from 16,50 with low volumes.

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short trades from 16,50. Place stop losses above 16,60 level.

[Adamant Finance]

Technical Outlook January 10, 2017




EUR/USD





The currency pair resumed its growth during the American session and continued to rise in price within the Asian one. It is good for EUR/USD but not so good for us as It is too risky to open trades after the currency pair’s growth during two sessions in a row. There is no important data from the United States as well as from the Eurozone today. We expect the currency pair to be trading in both directions after the Asian’s rally. EUR/USD is in the neutral trend. This is another sign for us to do nothing today.

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

The currency pair is in the neutral trend as the MA-channel goes in no direction and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear.



GBP/USD





The currency pair is under the pressure as there are some factors (related to the Brexit) that push GBP/USD down. German Chancellor Angela Merkel threatened UK with sanctions. UK Prime Minister Theresa May assures that she is going to win some better conditions for the Great Britain during the negotiations with the European Union leaders. All those events have negative impact on British Pound. The currency pair is close to the lower side of the MA-channel and we advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no clear direction in Pound’s fluctuations last week. We think that this “no trend” tendency is going to prevail in the next couple of days.

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



AUD/USD





The currency pair resumed its growth and continued its upside tendency. We thought that the correction is able to go on. However, AUD/USD still continues its uptrend. We think that it is a god idea to try long trades from the MA55 balance line today. There is no important statistics today and we think that the volatility will be weak today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think that this correction is going to prevail for 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 MA5 balance line or from the trendline. Place stops below those lines.



USD/CHF





The currency pair is trading with a downside bias but there is no trend currently and we have no idea whether USD/CH is going to decline further or not. There is no clear tendency anyway and we give no recommendations today. We still expect the currency pair to continue its decline, but it is better to wait for clear signals.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair left 1,03000 level and we think that USD/CHF is going to be trading below this level in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. It is better to wait for clear signals to open trades.






Gold and Silver Technical Outlook January 10, 2017




GOLD (XAUUSD)





Gold resumed its growth in the beginning of this week. There is an opinion that XAU/USD’s growth is going to be limited as USD will grow in the nearest future due to the rise of Interest Rates hike odds. However, we think that the situation will be unclear until the inauguration of Donald Trump at least. Gold is going to improve its positions during this period.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen a correctional growth last week and we think that this tendency is going ot continue in the next couple of days.

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



SILVER (XAGUSD)





Silver failed to equal the hopes of Bears. Stop losses were tight and losses are small. There is still neutral trend and we advise to do nothing today as it is risky to trade in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen a correctional growth last week according to our expectations. We think that this tendency is going to continue in the next couple of days.

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

[Adamant Finance]

Technical Outlook January 11, 2017




EUR/USD





The currency pair is trading in both directions in a wide range. As we have mentioned previously it is too risky to open long trades as EUR/USD is growing for a long time. Current trend is neutral. It is better to do nothing at the moment. Wait for any tendency to start and then take steps according to a situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in an upside correction last week. We think that the currency pair is going to continue its tendency in the next couple of days.

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



GBP/USD





The currency pair is back to the balance line and we think it is a good idea to open short trades today. We have a rather strong downside tendency and even if ends in the nearest future, we do not expect a sharp reverse. Risks are low and you may try to find some good points to enter the market.

We have the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading without any clear tendency last week and we think that this neutral trend is going to dominate in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the MA55 or even a little bit higher above 1,22000.



AUD/USD





The currency pair allowed opening long trades from the MA55 balance line or from the trendline according to our recommendations. The price moved higher for about 500 pips without any correction. It was enough to take profit or to protect your trades. We think that today the currency pair is going to grow moderately. In this case you may open long trades from the MA55 balance line or from the trendline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think that it is going to continue this upside tendency this week.

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



USD/CHF





The currency pair is in the neutral trend and there was no further decline yesterday. We expected that USD/CHF would go downside but there was no clear tendency. We give no recommendations, as there is still flat. It is better to wait until the situation becomes clear.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair left 1,03000 level and we think it is going to be trading below this level in the next couple of days.

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







Gold and Silver Technical Outlook January 11, 2017




GOLD (XAUUSD)





There was no opportunity to open long trades from the MA55 balance line according to our recommendations. The p[rice is still growing as we mentioned it before as the situation in the United States is still unclear. This fact gives some support to the US dollar. The US President Donald Trump is going to give his comments today and we think the situation may change. If you have any opened positions, we advise to protect them before US President’s speech.

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

XAG/USD is in 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 stop losses below those lines.



SILVER (XAGUSD)





Silver did a good jump upwards but there was no trend and we gave no recommendations. We can se an upside tendency at the moment and you may try long trades from the trendline or from the MA55 balance line with close stop losses. However, we recommend to fix or to protect your positions before Trump’s speech.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We had some correctional growth last week and we think it is going to continue 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 Ma55 balance line or from the trendline. Place stop losses below those lines.