MoneyOnComputer

[Adamant Finance]

Technical Outlook April 6, 2017

EURUSD



The currency pair declined yesterday on the eve of the Federal Open Market Committee Meeting Minutes after the better than expected US ADP Non-Farm Employment Change data. However, it gained back its positions after the release of the FOMC Meeting Minutes as market participants have heard nothing new on monetary policy tightening. Investors are looking forward to see Friday’s Us Labor market data and Average Hourly Earnings in particular. The trend line was broken through and the currency pair is trying to establish an upside tendency.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The price bounced off the trend line last week according to our expectations. We think EUR/USD is going to develop its moderate decline with some upside corrections in the next couple of days.

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

GBPUSD



The currency pair returned to a neutral position after stronger than expected UK Services PMI data. As we have previously mentioned there was almost no reaction to the data. It is time to monitor the situation and to see whether the price is able to break through the trend line for further upside tendency. We think that this is likely to happen on Friday after the US Labor Market and Average Hourly Earnings data.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair changed its weekly tendency last week but it was declining in the first half of the week only. We think that GBP/USD is going to develop its moderate growth in the next couple of days.

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

AUDUSD



The currency pair offered an opportunity to open short trades from the MA55 balance line according to our recommendations. There was an opportunity to protect trades or fix them partially as the price was in the profit area for 200pips. If you did not move stop loss at breakeven level, those trades are still active and current profit is about 500 pips and it has some space to develop. We advise to fix trades when the profit grows to 700pips.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline neither growth last week. The currency pair was trading within a 1000 pips range. We think that AUD/USD is going to develop its downside tendency in the next couple of days.

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

USDCHF



The currency pair had some growth yesterday on the better than expected US ADP Non-Farm Employment data, but then declined after the Federal Open Market Committee Meeting Minutes release. We advise to pay attention to today’s Swiss CPI data, which is able to have impact on fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair changed its tendency last week according to our expectations. We think that it is going to develop its moderate growth in the next couple of days.

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


Gold and silver Technical Outlook April 6, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades but those positions were closed by stop losses. The price went downwards after stronger than expected US ADP Labor Market data. However, the price gained back its positions after the release of the Federal Open Market Committee Meeting Minutes. Market participants have heard nothing on further monetary policy tightening and we think that XAU/USD is going to continue its growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week, but it is still probable. We think that Gold is going to grow in the next couple of days.

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

SILVER (XAGUSD)



Silver is in flat after XAG/USD has broken through the trend line. There is no tendency at the moment and the price is in a limited range on the eve of the Friday’s US Labor Market data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that XAG/USD is going to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 7, 2017

EURUSD



The currency pair is trading within a tight range on the eve of the US Labor market data, which is to be released today. Average Hourly Earnings is the main data for today. However, we advise to pay attention to other statistics as well as it may have impact on fluctuations in case of strong divergence of results with forecasts. We advise to do nothing before the release of this data and take any actions after the issue of the statistics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week as we have expected. We think that the currency pair is going to develop its moderate downside tendency in the next couple of days.

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

GBPUSD



The currency pair is close to the trend line but did not any attempt to break it through. Further GBP/USD dynamics depends on today’s US Labor Market and Average Hourly Earnings data. This statistics has significant impact on fluctuations. It is better to do nothing before the release of this statistics and wait for its result.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its tendency last week but it was declining in the first half of the week only. WE think that GBP/USD is going to develop its moderate growth in the next couple of days.

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

AUDUSD



The currency pair failed to give 700pips profit for short trades. We think that it is better to fix all positions on the eve of the US Labor Market and Average Hourly Earnings data. It is better to do nothing before this statistics and wait for the results.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline neither growth last week. The currency pair was trading within a tight 1000pips range. We think the currency pair is going to decline in the next couple of days.

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

USDCHF



The currency pair was trading according to our expectations within a tight range yesterday. The market participants are waiting for the US Labor Market and Average Hourly Earnings data and it is better to do nothing before today’s release. However, you can try to open positions later, when this data will be released.

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

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


Gold and Silver Technical Outlook April 7, 2017

GOLD (XAUUSD)



Gold was trading within a tight range yesterday on the eve of the US Labor Market data. Market participants are waiting for the Non-Farm Employment Change and the Average Hourly Earnings today. However, today in the morning XAU/USD had some growth after the news on the US Rocket assault against Syrian airbase. Gold had a 15USd growth. However, we think that market participants are going to pay more attention to the US Labor Market data today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week, but it is still possible. We think that XAU/USD is going to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver was trading within a tight range yesterday on the eve of the US Labor Market and Average Hourly Earnings data. The price went upwards today in the morning on the news from Syria. However, we think that this momentum is limited as market participants are waiting for the US Labor Market data today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that XAG/USD is going to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 10, 2017

EURUSD



The currency pair had a sharp growth after the US Labor market data but then returned to its previous positions and event declined to new lows. Weak US Labor Market data provoked the currency pair’s growth but the market participants thought this data was influenced by bad weather conditions. The main Friday’s data was Average Hourly Earnings, which met the forecasts. We advise to pay attention to the German ZEW Economic Sentiment, which is to be released this week. The price is far from the balance line and we advise to avoid trading today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a moderate decline last week according to our expectations. EUR/USD is likely to develop its downside tendency with some upside corrections in the next couple of days.

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

GBPUSD



The currency pair was declining on Friday after some upside momentum on the US Labor Market data. This downside tendency started in the second half of the last week and we think it is going to develop in the beginning of new week. There are two main data from the Great Britain this week – UK Labor Market (Claimant Count Change) and UK Average Earnings Index. We expect GBP/USD to increase its volatility on Tuesday and Wednesday during the European Session. The price is far from the Balance line and we advise to “Sit on the Hands” today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was declining last week. We think that GBP/USD is going to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair continued its decline on Friday as the negative news background continues to press on AUD/USD. We think that this negative dynamics is going to develop during the week. There are many important events in the next five days in Australia and the currency pair is able to have high volatility every morning. Home Loans data today disappointed market participants and the currency pair moves downwards. The price is far from the balance line and we advise to avoid trading today.

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

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

USDCHF



The currency pair had some considerable growth after some downside momentum right after the release of the US Labor market data. Market participants reacted on the weaker than expected US Non-Farm Employment Change data first but then it reversed and went upwards as other data was against or even better than forecasts. We think the currency pair is going to grow moderately this week.

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

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


Gold and Silver Technical Outlook April 10, 2017

GOLD (XAUUSD)



Gold was trading moderately even after the release of the US Labor Market data. However, by the end of Friday, XAU/USD declined sharply. We think that the main reason for such a decline were morning US assault on Syrian airbase. Anyway, Friday’s morning growth and evening decline were unpredictable. WE think that Gold is likely to go downwards in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some moderate growth last week. We think that XAU/USD is likely to change its tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver was more active than Gold but there is still no tendency. We think that XAG/USD is going to establish a downtrend in the nearest future. It is better to do nothing and wait for the situation to become clear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think Silver is going to reverse it tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 11, 2017

EURUSD



The currency pair was trading in a small range on Monday as there was no important data to pay attention to. Janet Yellen the Federal Open Market Committee Fed Head underlined in her speech that the Federal Reserve is going to support the US Labor Market and the inflation at near 2% level. She told also that the US economics is “Healthy” enough. FOMC has already hiked rates in 2017 and some experts think the Fed is going to do it two more times before 2018. As for the Eurozone, German ZEW Economic Sentiment data is worth your attention today along with Industrial production. We think that the currency pair is going to develop its downside tendency today.

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

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

GBPUSD



The currency pair corrected towards the MA55 balance line on the first day of a new week. There was no important data from the United Kingdom yesterday. Today market players are waiting for the UK CPI y/y data, which is able to have considerable impact on fluctuations if it is significantly better or worse than forecasted. We think that GBP/USD is likely to decline today.

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

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

AUDUSD



There was a correction on Monday and the currency pair reached the MA55 balance line. Today’s Australian NAB Business Confidence data was worse than the previous one and we think the currency pair is going to decline in the nearest future. Yesterday’s FOMC Fed Head Yellen’s speech gave some additional support to the US dollar.

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

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

USDCHF



The currency pair had a downside correction on Monday and reached the MA55 balance line finally. This fact allows us to look for long trades as the uptrend is gathering force and there is a probability of further growth.

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

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


Gold and Silver Technical Outlook April 11, 2017

GOLD (XAUUSD)



Gold was trading in a small range yesterday as there was no events. The situation may change today. XAU/USD is under pressure due to the growing USD and has support from the North Korea situation. The US fleet is going towards the North Korea and there is a high probability of war. We think that Gold is unlikely to decline considerably in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week but it was moderate. We think that XAU/USD is likely to reverse its tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver established new weekly lows. XAG/USD is influenced by USD growth. There is a clear downside tendency and we think it is time to look for short trades from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think that XAG/USD is going to reverse its tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 12, 2017

EURUSD



The currency pair failed to develop its downside tendency frustrating our expectations and went upwards. Then EUR/USD broke through the trend line. Short trades closed by small stop loss. Geopolitical situation press on the American Dollar and has positive impact on other currencies and precious metals. We advise to pay attention to today’s US export and import prices as they may influence fluctuations. We think that the currency pair is going to develop its upside tendency in the nearest future.

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. EUR/USD is likely to develop its moderate decline with some upside corrections.

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

GBPUSD



The currency pair had some growth yesterday as USD was under pressure. UK CPI data was also better than forecasted and helped GBP to move higher. The currency pair broke through the trend line during the American session and it is likely to change its direction. However, market participants are going to pay attention to today’s UK Labor Market data. This statistics is likely to influence fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some decline last week frustrating our expectations. We think that the currency pair is going to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair offered opportunities to open short trades according to our recommendations and 150pips stop loss held all upside bursts. The price was in the profit area for 300pips and it was enough to fix positions partially or to protect them. Later, the price moved higher and closed all trades at breakeven level. The currency pair is likely to change its direction as the other currencies did already.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined considerably last week and we think it is going to develop its downside tendency in the next couple of days.

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

USDCHF



The currency pair offered an opportunity to open long trades according to our recommendations, but those positions lead to small losses. There is no trend currently and we think USD/CHF is going to change its direction. It is better to avoid trading today as there is no tendency at the moment.

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

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


Gold and Silver Technical Outlook April 12, 2017

GOLD (XAUUSD)



Gold is growing, as the Geopolitical situation is unstable. The United States are able to start a military campaign against the North Korea and XAU/USD is reacting to this information in its turn. After the assault on Syrian airbase, market participants are afraid of this scenario to take place again. USD is going downwards in its turn and XAU/USD has got some additional momentum. There is the uptrend currently and we advise to look for long trades from the trend line.

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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that Gold is able to reverse its tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver had some sharp growth yesterday following Gold. Geopolitical factors are stronger than technical aspects at the moment. There was an opportunity to sell from the balance line, but those trades were closed with small losses. There is no tendency currently and we think Silver is going to reverse its trend. The price is close to the upper side of the MA-channel.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver had some moderate growth last week according to our expectations. We think it is going to reverse 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

[Adamant Finance]

Technical Outlook April 13, 2017

EURUSD



The currency pair was trading in a range yesterday but had a sharp growth during the American session. Donald trump said that USD’s high price does not allow the currency to be competitive. The currency pair’s growth was due to a decline of USD. Currencies skip statistics at the moment and are fluctuating according to news background. There was an opportunity to open trades according to our recommendations and earn about 250 pips. There is the uptrend currency and it is better to look for long trades only.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately last week according to our expectations. WE think that EUR/USD is likely to develop its downside tendency with some upside corrections.

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

GBPUSD



The price failed to reach the broken through trend line and there was no opportunity to open long trades from there. UK Labor Market data was mixed and had almost no impact on fluctuations. Market participants are going to pay attention to today’s US data. There are two main releases to follow – PPI and UoM Prelim Consumer Sentiment.

There is the downtrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was declining last week frustrating our expectations. We think GBP/USD is going to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair reversed its tendency upwards according to our expectations and increased its speed after the Australian Labor Market data, which was better than expected. Trend starts to look upwards and we advise to look for long trades.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from 0,7505. Place stop loss at 0,7490.

USDCHF



The currency pair established a downside tendency and broke through the trend line. There are almost no doubts that a new tendency is strong. We think it is time to look for short trades from the MA13 or from the broken through trend line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some moderate growth last week according to our expectations. We think that USD/CHF is going to develop its moderate upside tendency in the next couple of days.

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


Gold and Silver Technical Outlook April 13, 2017

GOLD (XAUUSD)



Gold was trading in a tight range yesterday but had a sharp growth During the American session after Donald Trump’s speech. The American president noticed that USD is too strong at the moment and this fact does not allow the US currency to be competitive. Those words gave additional support to XAU/USD. Gold was growing previously on news from North Korea. The price is close to the upper side of the MA-channel. It is better to do nothing today.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to do nothing today as the situation is unclear.

SILVER (XAGUSD)



Silver had a correction yesterday to its previous growth and develop its upside tendency during the American session after the US President Donald Trump’s speech. There is a change in tendency but it is still too early to open trades as the price is close to the upper side of the MA-channel.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think XAG/US is going to reverse its tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 14, 2017

EURUSD



There was fixation of long positions yesterday on the eve of Good Friday. European Banks are on holiday today and the volatility is low. Long trades according to our recommendations failed to bring profit and closed by stop losses. Market participants are likely to pay attention to the US CPI and Retail Sales data. Those statistics are going to meet previous figures according to forecasts. However, it is better to stay on guards and be careful during the American Session. 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 some moderate decline last week according to our expectations. We think the currency pair is able to develop its moderate decline with some upside corrections in the next couple of days.

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

GBPUSD



The currency pair reached the MA55 balance line in the end of Thursday and there was no sense to open trades. This correction may lead to a sharp upside burst. However, European Banks are closed today and the volatility is low. 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 declined yesterday frustrating our expectations. We think that GBP/USD is going to develop its moderate decline in the next couple of days.

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

AUDUSD



There was no opportunity to open trades according to our recommendations as the price failed to reach the necessary level. There is a holiday in Australia today and we expect AUD/USD to be trading with low dynamics. We advise to do nothing today.

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

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

USDCHF



The currency pair offered an opportunity to sell from the MA13 and from the broken through trend line. However, those trades were unsuccessful and closed by stop losses. European Banks are closed today due to Good Friday but the volatility may rise during the American Session because of large number of important statistics. However, we advise to do nothing today.

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

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

[Adamant Finance]

Technical Outlook April 17, 2017

EURUSD



The currency pair was trading in a tight range on Friday on the eve of Easter as the market participants’ activity was low. Today holiday in Europe goes on and the activity may also be low during the European Session. However, American banks are working and there may be volume increase during the American session. There is few important statistics this week and the next five days promise to be quiet. It is better to do nothing today as the volatility is low at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction because of the US data which is able to postpone the next Interest Rates hike in the United States. The currency pair is likely to continue its moderate growth in the next couple of days.

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

GBPUSD



The currency pair was trading in a tight range on Friday on the eve of Easter. Today Europe is on holiday again and we think this weak dynamics is likely to continue. We think that GBP/USD is going to develop its moderate growth during this week. It is better to do nothing today due to weak dynamics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all is lost positions last week. We think that GBP/USD is likely to develop its moderate growth in the next couple of days.

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

AUDUSD



The currency pair was trading with low volatility on Friday on the eve of Easter. There is another holiday in Australia today and we think that the volatility is going to be low. It is better to do nothing today.

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

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

USDCHF



The currency pair moved downwards and Friday during the American session as we had previously expected. This downside momentum had 200pips length and it was the highest move for all day. Market participants are on holiday today and the situation promises to be alike. It is better to do nothing today.

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

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


Gold and Silver Technical Outlook April 17, 2017

GOLD (XAUUSD)



Gold is likely to be trading in a tight range due to the Easter holidays in Europe. Precious metals market was closed on Friday on the eve of Christian holiday. We think that the price is going to start its move towards the MA55 balance line. XAU/USD has some potential for further growth as there are news that the United States sent some more carriers closer to North Korea. If those facts will be proved, Gold is likely to develop its growth.

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

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

SILVER (XAGUSD)



Silver is likely to go back towards the MA55 balance line today as the fluctuations promises to be weak due to the Easter holiday in Europe. Traders can try long trades tomorrow if nothing changes. It is better to do nothing today as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. There was no tendency reverse last week and XAG/USD developed its growth. We think that Silver is likely to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 18, 2017

EURUSD



The currency pair had some growth yesterday because of weaker than expected US inflation data, released on Friday. The Interest Rates hike odds decreased to 43% from 56% in June. The market participants are not so sure in hawkish moods within The Federal Open Market Committee. The most important data today is Building Permits. There is no important statistics from Eurozone today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction due to the US CPI and Retail Sales data, which was worse than expected last week. This statistics is able to postpone the next Interest Rates hike by the Fed. We think that the currency pair is likely to develop its moderate growth in the next couple of days.

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

GBPUSD



The currency pair was trading with some growth yesterday because the Interest Rates hike odds decreased. We think that GBP/USD is likely to develop its growth today and we advise to look for long trades only. There is no important data today except US Building Permits. The forecasts are positive.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all positions, lost last week. We think that GBP/USD is likely to develop its moderate growth.

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

AUDUSD



The currency pair declined today during the Asian session after the release of the latest Reserve Bank of Australia Meeting Minutes. However, USD is under pressure because of Friday’s weaker than expected inflation data. The price declined to the broken through trendline, offering some good opportunities to buy with close stop loss.

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

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

USDCHF



The currency pair was trading within a tight range with a slight downside bias. The price broke through the trend line and there was even some opportunities to open trades. We advise to wait until the price reaches the trend line and then to sell from this line.

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

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


Gold and Silver Technical Outlook April 18, 2017

GOLD (XAUUSD)



Gold was trading with a downside bias but we think that it is able to establish an upside tendency. There are several reasons for growth as we are on the eve of French presidential campaign. There is another reason for XAU/USD to resume its growth – two more US carriers are on their way towards North Korea. United States officials announced their neutral position, but three carriers close to North Korean shore hint on the probability of a confrontation. This allows Gold to develop its upside tendency. We think that XAU/USD is likely to develop its decline today.

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

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

SILVER (XAGUSD)



Silver declines and established new lows already. XAG/USD broke through the MA 55 balance line. Silver is likely to develop its decline in the nearest future. We advise to do nothing as it is better to avoid trading contrary to the current tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week frustrating our expectations. We think XAG/USD is likely to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 19, 2017

EURUSD



The currency pair had a considerable growth yesterday without a correction towards the Ma55 balance line. There was no opportunity to open long trades according to our recommendations. Yesterday’s US data was mixed and offered no support to USD.

Today market participants are going to pay significant attention to Eurozone Final CPI data. The price is close to the upper 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. The currency pair started its upside correction last week due to the mixed US data which is likely to postpone the next Federal Open Market Committee’s decision to hike Interest Rates. We think that the currency pair is able to develop its moderate growth in the next couple of days.

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

GBPUSD



The currency pair moved to the MA55 balance line and to the trend line. There was an opportunity to open long trades according to our recommendations and this position closed by stop loss. The price went upwards then. This sharp growth was provoked by the news that Theresa May is going to conduct parliamentary elections ahead of time. This event is scheduled for June 8th. She aims to gather as more of her Party member as possible. The price is above the upper side of the MA-channel and we advise to avoid doing anything today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all her positions last week. We think that GBP/USD is likely to develop its moderate growth in the next couple of days.

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

AUDUSD



The currency pair continued its downside dynamics. There was an opportunity to open long trades but small stop losses triggered. AUD/USD changed its tendency and it is time to look for short trades according to technical analysis. However, it is better to do nothing today as other currencies are growing against USD.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction to its previous decline last week. We think it is going to develop its moderate growth in the next couple of days.

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

USDCHF



The currency pair failed to grow towards the broken through trend line as it had done it previously. However, it was close to the MA55 balance line offering opportunities to open short trades according to our recommendations. The price was in a profit area for 870 pips. The price is far from the MA55 balance line today and we advise to do nothing.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair had a moderate decline last week frustrating our expectations. We think that USD/CHF is likely to develop its moderate decline in the next couple of days.

There is the downtrend on the Hurly 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 April 19, 2017

GOLD (XAUUSD)



Gold was trading in both directions yesterday and the precious metal “feels good” on current levels. The United States are going to send two more carriers to North Korea next week and Gold has some time to consolidate before its future growth. We think that the volatility is going to grow considerably next week because of the geopolitical situation and French presidential campaign.

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

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

SILVER (XAGUSD)



Silver is declining and we can see a clear downside tendency. We think it is time to look for short trades today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 20, 2017

EURUSD



The currency pair corrected towards the MA55 balance line yesterday after some considerable growth. We think that the correction is likely to develop today. Yesterday’s Eurozone CPI data met expectations and the inflation is still below 2% level although it is close to European Central Bank target. Today market participants are going to pay attention to Philly Fed Manufacturing index, which is expected to decline as compared to its previous meaning. We think that the currency pair is going to bounce off 1,07300 towards the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its correction growth because of the mixed US data last week. This fact is able to postpone the next Federal Open Market Committee Interest Rates hike decision. The currency pair is likely to develop its moderate growth in the next couple of days.

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

GBPUSD



The currency pair had a correction yesterday but it is able to develop its decline towards the MA55 balance line. We think it is time to look for long trades from the MA55 balance line. Market participants are going to pay attention to the US data and the Head of the Bank of England’s speech. The price is likely to bounce off 1,28300 and move towards the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all its previously lost positions. We think GBP/USD is likely to develop its moderate growth in the next couple of days.

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

AUDUSD



The currency pair continued its downside tendency yesterday despite the fact that other currencies were growing against the US dollar. As we had previously mentioned, there was some opportunities to open short trades but risks were high and we gave no recommendations. However, the tendency becomes stronger and it is still time to look for short trades. Remember about risks, that are still too high.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a significant correction last week. We think it is going to develop its moderate growth in the next couple of days.

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

USDCHF



The currency pair had a correction towards the Ma55 balance line and it almost reached the indicator yesterday. We think it is time to look for short trades from the balance line, if the price goes back there. It was a good opportunity today during the Asian session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our expectations. We think that is it going to develop its moderate decline in the next couple of days.

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


Gold and Silver Technical Outlook April 20, 2017

GOLD (XAUUSD)



Gold was trading with some decline yesterday according to our expectations. As we had previously mentioned, XAU/USD has some space for consolidation on the eve of its eventual growth next week. Gold has changed its tendency and it is time to look for short trades with close targets.

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

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

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and offered no opportunities to open short trades. W think it is time to look for short trades from the upper trend line as XAG/USD is likely to break through the lower trend line. The precious metals are likely to decline in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no change in tendency last week frustrating our expectations as Silver was developing its moderate growth. We think that XAG/USD is likely to continue its growth in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA5 balance line. We advie to open short trades from the upper trend line. Place stop losses above this line.

[Adamant Finance]

Technical Outlook April 21, 2017

EURUSD



The currency pair failed to bounce off 1,07300 level as we had previously expected. There was no opportunity to open long trades from the MA55 balance line. US Philly Fed Manufacturing Index was worse than expected, but USD started its upside correction. There is a bearish pattern at the moment and the tendency starts to reverse. We think it is time to look for short trades from 1,07300 today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction last week as the US data was mixed. This statistics is able to influence The Federal Open Market Committee next Interest Rates hike decision. The currency pair is likely to develop its moderate growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short trades from 1,07300. Place stop losses above this level. Remember that this short position is risky!

GBPUSD



The currency pair approached the MA55 balance line in the beginning of the American session allowing opening long trades according to our recommendations. The price went upwards then for more than 500pips that was enough to take profit or to fix positions partially. We can see the tendency reverse today. AS for the statistics, market participants are likely to pay attention to the UK Retail Sales data, which is able to influence volatility today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all its lost positions last week. We think that GBP/USD is likely to develop its moderate growth in the next couple of days.

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

AUDUSD



The currency pair approached the MA55 balance line offering some opportunities to open positions according to our recommendations. The price declined for 180pips that was enough to protect trades. Unfortunately, there was no further decline yesterday. We think it is time to look for short trades from 0,75300-75550 levels.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a significant correction last week. We think it is going to develop its moderate growth in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the Ma55 balance line. We advise to open short trades from 0,75300-75550 levels. Place stop losses above those levels.

USDCHF



The currency pair went back to the MA55 balance line but it happened by the end of the American session and it was too late to do anything. It was not a good idea to execute short trades after a decline during the day. We can see a tendency to change at the moment and it is better to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair ended last week with a moderate decline frustrating our expectations. We think that USD/CHF is likely to develop its moderate declined in the next couple of days.

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


Gold and silver Technical Outlook April 21, 2017

GOLD (XAUUSD)



Gold was trading in a small range offering an opportunity to sell according to our recommendations. Those who have opened trades, had a chance to earn about 6USD. It was also enough to fix profit as we had previously mentioned that targets should be close. You can try to repeat yesterday’s scenario with short trades and close targets.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week, as Gold developed its upside tendency. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

SILVER (XAGUSD)



Silver offered opportunities to open trades according to our recommendations from the upper trend line. Those who have sold XAG/USD had a chance to earn about 30pips it was enough to fix positions. It is better to “sit on your hands” today as the price is far from the balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week as XAG/USD resumed its uptrend. We think that Silver is likely to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 24, 2017

EURUSD



The currency pair offered an opportunity to open short trades according to our recommendations from 1,07300 on Friday. The price was in a profit area for 450pips and you had a chance to earn some money. The currency pair opened new week with a huge upside gap after yesterday’s French Presidential elections. There only two candidates to fight in the second tour of the elections – Marine Le Pen and Emmanuel Macron. There is a minimum gap between them. There is not much important data this week and we think that the currency pair’s dynamics is going to be weak.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week and even increased its speed. We think that EUR/USD is likely to decline moderately after Monday’s considerable gap.

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

GBPUSD



The currency pair was trading in both directions on Friday and there was no clear tendency in its fluctuations. We think that GBP/USD is going to decline moderately in the next five days. There is important data on Friday (Prelim UK GDP q/q and Advance US GDP q/q). We think that market participants are going to pay more attention to USD.

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

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

AUDUSD



The currency pair offered an opportunity to sell from 0,75300-75550 according to our recommendations. The price was in a profit area for 200-250pips and there was an opportunity to protect trades. There was no further decline on Friday as the currency pair was trading in a tight range. We think that AUD/USD is going to be trading in both directions in the next couple of days.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading in both directions last week. We think that AUD/USD is likely to develop a moderate downside tendency in the next couple of days.

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

USDCHF



The currency pair is still trading in neutral position and it is better to do nothing. USD/CHF started this new week with a gap, but is it already closed and the currency pair is likely to develop its mixed dynamics in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a decline last week according to our expectations. We think USD/CHF is likely to develop is upside correction in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook April 24, 2017

GOLD (XAUUSD)



There was an opportunity to sell XAU/USD on Friday according to our recommendations from the MA55 balance line. However, this trade was closed by small stop loss. The price went above the MA55 balance line towards the trend line and bounced off it successfully. Today’s gap is due to the French elections as two candidates Macron and Le Pen are going to continue their fight in the second tour. There is another chance to sell Gold according to technical analysis.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The trend line was an obstacle for the further growth last week. We think that Gold is likely to develop its downside tendency in the next couple of days. However, pay attention to the geopolitical factors.

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

SILVER (XAGUSD)



Silver is still far from the MA55 balance line. We expect XAG/USD to start an upside correction in the nearest future and it is too risky to open trades at the moment. We advise to wait for this correction and then to look for short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price failed to break through resistance level last week. We think that XAG/USD is going to develop its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 25, 2017

EURUSD



The currency pair was trading in a tight range yesterday after a significant morning gap. The currency pair is likely to quit this range during the American session after the US CB Consumer Confidence data release. This statistics is expected to decline a little, but it is still close to its historical highs. We think that USD is likely to grow a little.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week. We think it is going to develop a downside tendency in the next couple of days.

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

GBPUSD



The currency pair was trading in a limited range on Monday and is likely to decline today. There is a pattern on chart indicating that this decline is likely to take place even before the release of the US data. If the price goes below 1,2770, there will be some opportunities to open long trades.

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

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

AUDUSD



The currency pair bounced off the trend line yesterday and we think it is going to decline in the next couple of hours. This eventual decline may be provoked by today’s US CB Consumer Confidence data, which is to be released during the American session. However, we give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading in both directions last week. We think it is going to decline in the next couple of days.

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

USDCHF



The currency pair was trading with no clear tendency and was fluctuating within a tight range according to our expectations. USD/CHF has closed the gap yesterday. It is better to do nothing at the moment. We think that the currency pair is likely to grow towards the trend line on the hourly chart today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was declining last week according to our expectations. We think it is going to develop the upside correction in the next couple of days.

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


Gold and Silver Technical Outlook April 25, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades from the MA55 balance line during the Asian session. IF you had a chance to open trades, it is time to protect them. However, it was better to do nothing as no more drivers were expected. The price established new lows before it reached the MA55 balance line. We think that Gold is likely to develop its downside correction in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The trend line prevented Gold from further growth. We think that XAU/USD is likely to develop is downside tendency, but Gold’s dynamics will depend on geopolitical situation.

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

SILVER (XAGUSD)



Silver breaks through the trend line and is going above the MA55 balance line. However, this situation is alike a pause on the eve of further decline. There is the downtrend still, but the fact that the trend line was broken through and the price is above the MA55 balance line hints on the probability of a tendency reverse.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We think that XAG/USD is likely to develop its decline in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 26, 2017

EURUSD



The currency pair developed its growth yesterday as market participants are persuaded that Emmanuel Macron is going to win French Presidential elections in the second tour. However, we think that the situation is not clear as there are preliminary exit polls on the way. Yesterday’s Conference Board data was worse than expected and pushed USD lower. There is no important data today and we think that technical analysis will be of high importance. The price is close to the upper side of the MA-channel and the risks are high. It is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week. We think it is going to decline moderately after Monday’s significant gap.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA13. However, this position will be of high risk and it is better to wait for other opportunities.

GBPUSD



The currency pair was trading within a limited range yesterday. It is fluctuating here for a week already. There was no downside break through. The currency pair is looking to move higher according to the technical analysis. You can try long trades but they are risky.

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to wait for the price to break through the upper side of the range and to move back to it and then to open long trades. However, those positions will be very risky.

AUDUSD



The currency pair is declining. US data was mixed yesterday and failed to give some support to USD. However, today’s Australian CPI data was disappointing and the currency pair went downwards. There is no trend here and it is better to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading in both directions last week. We think AUD/USD is likely to decline moderately in the next couple of days.

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

USDCHF



The currency pair failed to move closer to the MA55 balance line on the Hourly chart but it was developing a downside tendency. We think it is time to look for short trades as there is no important data on the way and technical factors are going to influence fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was declining last week according to our expectations. We think AUD/U is going to develop its upside correction in the next couple of days.

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


Gold and Silver Technical Outlook April 26, 2017

GOLD (XAUUSD)



Gold failed to move closer to the MA55 balance line and there was no opportunity to open short trades. However, XAU/USD declined considerably . The price almost reached the lower trend line on the Hourly chart. We think XAU/USD is likely to bounce off the trend line and there is a probability that the price is going to go back towards the MA55 balance line today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The trend line prevent Gold from growth last week. We think XAU/USD is going to develop its downside dynamics in the next couple of days. However, everything will depend on the geopolitical situation.

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

SILVER (XAGUSD)



Silver continued its decline yesterday and made a fake break through of the trend line. We have mentioned yesterday that XAG/USD is going to make a pause. Gold is likely to stop its decline today and Silver still has some space to develop its downside tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD failed to develop a strong downside tendency last week as the resistance was strong. We think that Silver is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from 17,70 level.

[Adamant Finance]

Technical Outlook April 27, 2017

EURUSD



The currency pair declined sharply as market participants refocused their attention to Trump’s Tax Reform project and USD had some support. However, later, when the details of the project were released market participants have seen that this plan needs to be adjusted as there is lack of details in it. Trump’s project may meet some significant resistance due to the lack of details and the currency pair gained back some positions. As for today’s important events, we advise to pay attention to the European Central Bank Meeting as Mario Draghi may say something on future bond buying programme cancelation. If this happens, EUR/USD is likely to grow again. Trades, opened according to our recommendations closed by stop loss as they were risky.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week increasing its speed. We think that EUR/USD is likely to decline moderately after Monday’s gap.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from 1,0900. Place stop losses below the indicator.

GBPUSD



The currency pair was trying to leave the range yesterday but it failed to do this. Break through trades were risky and closed by stop loss. We have changed a bit the upper side of the range and we are still waiting for the break through. Risks are lower as we have clear upside tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a growth last week according to our expectations. We think it is going to decline moderately 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 wait until the price break through the upper side of the range and then to open long trades when the price is back to this side. Place stop losses below the line.

AUDUSD



The currency pair continued its decline yesterday. We can see a clear downside tendency as AUD/USD declined considerably. We advise to wait until the price is back towards the balance line and to open short trades from there.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading in both directions last week. We think it is going to decline in the next couple of days.

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

USDCHF



The currency pair was trading within a limited range and short trades from the MA55 balance line were unsuccessful. There were two ways to close those positions – by stop loss or at breakeven level. Current tendency is weak and there is almost no dynamics. 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 was declining last week according to our expectations. WE think that USD/CHF is likely to start an upside correction in the next couple of days.

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


Gold and Silver Technical Outlook April 27, 2017

GOLD (XAUUSD)



XAU/USD tested the lower trend line and went back to the MA55 balance line yesterday. We think here is a good opportunity to sell. Today’s European Central Bank meeting is likely to announce future bond buying programme cancellation and this fact may also influence Gold’s decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD was stopped last week by the resistance level. We think that Gold is likely to develop its downside tendency in the next couple of days. However, pay attention to geopolitical situation.

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

SILVER (XAGUSD)



Silver failed to execute short trade according to our recommendation as XAG/USD did not reach the necessary level. However, the price declined as we had previously expected. We think it is time for Silver to start is upside correction and we give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver failed to break through the resistance level last week. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 28, 2017

EURUSD



The currency pair declined after the results of the European Central Bank Meeting. The head of the ECB hinted that there are no discussions on the probability of the current bond buying programme cancellation. There was an opportunity to open long trades from 1,0900 and the price was in a profit area for 170pips. It was enough to protect positions. Market participants are going to pay attention to today’s Advance US GDP data. Bloomberg experts forecast 1,2%. If the result is better or worse this level, it may provoke significant fluctuations. The price is far from the balance line 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 continued its growth last week. We think that the currency pair is likely to decline moderately after Monday’s price gap in the next couple of days.

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

GBPUSD



The currency pair was trying to break through the upper side of the range and did it finally. However, GBP/USD failed to return towards this upper side and offered no opportunity to open long trades. If you bought the currency pair, the profit could be about 500pips. Market participants are going to pay attention to today’s UK Prelim GDP data. This data may push the currency pair towards the upper side of the range.

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

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

AUDUSD



The currency pair failed to reach the balance line but it approaches to it step by step. We think it is time to try short trades from the MA55 balance line. It is better to search for signals before the American Session.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading in both directions last week. We think it is going to decline moderately in the next couple of days.

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

USDCHF



The currency pair is still trading within a limited range. There is no tendency currently and we think it is better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think it is going to have an upside correction in the next couple of days.

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


Gold and Silver Technical Outlook April 28, 2017

GOLD (XAUUSD)



Gold has tested the lower trend line again and then went back towards the MA55 balance line. There was an opportunity to open short trades in the beginning of the European session and the price was in the profit area for 5USD. It was enough to protect trades and to fix them partially. Market participants are going to pay particular attention to today’s US Advance GDP data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The trend line prevented Gold from growth last week and XAU/USD developed its downside dynamics. We think that Gold is going to continue its decline in the next couple of days. Pay attention to geopolitical situation.

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

SILVER (XAGUSD)



Silver continued its decline yesterday. There are risks that XAG/USD is going to start a correction in the nearest future. The price does not go back towards the MA55 balance line and is trading close to the MA13. You can try short trades from MA13, but risks are high in this case.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver failed to grow last week. We think that XAG/USD is likely to develop its moderate decline in the next couple of days.

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

[Adamant Finance]

Technical Outlook May 1, 2017

EURUSD



The currency pair was growing on Friday during the European session after the Eurozone inflation data, which was better than expected. However, after the US Advance GDP data, the currency pair declined. This statistics was worse than expected, but it components showed interest results. Market reaction was moderate. There are many important events this week and we think the volatility is going to be high.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a tight range last week. We think it is going to decline moderately in the next couple of days.

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

GBPUSD



The currency pair was under pressure after the UK Prelim GDP data, which was worse than forecasted. However, later this pressure was cancelled as the US Advance GDP data was worse than forecasted as well. The currency pair is likely to decline in the nearest future. There is an opportunity to open long trades today, but it is risky to do anything as GBP/USD was growing for several days.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week frustrating our expectations. We think the currency pair is likely to decline moderately in the next couple of days.

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

AUDUSD



The currency pair offered opportunities to open long trades before the American session on Friday according to our recommendations. The price was in the profit area for 300pips and there was a chance to take some profit. Another way was to protect existing trades, placing stop loss at breakeven level. It is better to do nothing today as there is no clear tendency at the moment.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that AUD/USD is going to develop this dynamics in the next couple of days.

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

USDCHF



The currency pair’s fluctuations were modest last week. However, we think that the volatility is going to rise in the nearest future. There are many events that may lead to significant fluctuations. There is no tendency currently and we think it is better to do nothing at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an upside correction last week according to our expectations. We think it is going to develop its upside correction in the next couple of days.

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


Gold and Silver Technical Outlook May 1, 2017

GOLD (XAUUSD)



Gold reacted modestly to the US Advance GDP data, which was worse than expected. XAU/USD was trading in a tight range on Friday preparing for the next week. We recommend paying attention to the Federal Open Market Committee meeting, which is to take place on Wednesday and the US Labor Market data, which is to be released on Friday.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/US was developing its downside tendency last week as the geopolitical situation around North Korea was relatively calm. We think Gold is likely to continue its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver returned to the MA55 balance line for the first time and resumed its decline. The price reached new lows and it is far from the MA55 balance line. We think there will be some opportunities to open trades this week.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD continued its decline last week according to our expectations. We think that Silver is likely to stop its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook May 2, 2017

EURUSD



The currency pair was trading moderately as the market participants are waiting for the Federal Open Market Committee meeting, which takes place on Wednesday. USD is trading in a range as well regardless the weaker than expected US ISM Non-Manufacturing PMI which fell from 57,2 to 54,8 points. US citizens’ spendings show no growth and PMI indicates on the growth slow down. All those factors indicate on the probability that the Federal Open Market Committee will be more cautious in further monetary policy tightening. Today market participants are going to pay attention to Final German and French PMI data as we as the Eurozone Labor Market data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a tight range last week. We think it is going to decline moderately in the next couple of days.

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

GBPUSD



The currency pair started its downside correction yesterday according to our expectations. There is no tendency currently and as we have previously mentioned, GBP/USD needs some time to breathe after a strong growth. Market participants are going to pay attention to today’s Manufacturing PMI data.

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

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

AUDUSD



The currency pair developed its upside tendency yesterday but met a resistance on the trend line. We think that the growth is likely to come to an end there. Market participants are likely to pay attention to the results of the Reserve Bank of Australia meeting. This event can probably influence fluctuations.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that this dynamics is likely to continue in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades if the price breaks through the trend line on the Hourly chart. We also advise to sell from the trend line is the price is unable to break it through.

USDCHF



The currency pair is still trading within a limited range as the weaker than expected US ISM Manufacturing PMI was unable to give some momentum to USD/CHF. We think that market participants are looking forward to see the results of the Federal Open Market Committee meeting, which takes place on Wednesday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair met our expectations last week as USD/CHF was in the upside correction. We think this correction 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 unclear.


Gold and Silver Technical Outlook May 2, 2017

GOLD (XAUUSD)



Gold broke through the big triangle downwards finally. We gave no recommendations on Monday as there was no tendency. There is the downtrend today and we think it is time to look for short trades. It is better to sell from the broken through trend line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its moderate decline last week according to our expectations as there was no changes in geopolitical situation. WE think Gold is going to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1262/1263,000 levels.

SILVER (XAGUSD)



Silver declined again yesterday during the American session, after an upside correction. The price is far from the MA55 balance line and we think it is better to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver declined last week according to our expectations. We think that a downside tendency is likely to stop in the next couple of days.

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

[Adamant Finance]

Technical Outlook May 3, 2017

EURUSD



The currency pair was trading in a tight range yesterday as market participants are waiting for the Federal Open Market Committee Meeting, which is to take place today during the American Session. Investors seem to look for some hints on the further monetary policy tightening. Besides US Federal Open Market Committee meeting, we advise to pay attention to the Eurozone Advance GDP Data q/q. There is another event to pay attention to – ADP Non-Farm Employment Change. ISM Services PMI is also able to change the market situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a limited range last week. We think it is going to develop its downside tendency in the next couple of days.

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

GBPUSD



The currency pair has got some support from the better than expected UK Manufacturing PMI data. However, GBP/USD stays within Thursday’s and Friday’s range on the eve of the Federal Open Market Committee meeting. This event is the main for the currency pair today.

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

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

AUDUSD



The currency pair bounced off the trend line and there was an opportunity to open short trades according to our recommendations. The price was in the profit area for 300 pips. It was enough to fix profit as the volatility was low. The currency pair bounced off again the trend line and we give no recommendations at the moment.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our recommendations. We think that AUD/USD is likely to develop its decline in the next couple of days.

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

USDCHF



The currency pair continues to be trading within a limited range on the eve of the Federal Open Market Committee meeting. We think that this event is going to have a serious impact on USD/CHF. The data, which is to be released before the meeting may have limited impact on the currency pair. It is better to do nothing.

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

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


Gold and Silver Technical Outlook May 3, 2017

GOLD (XAUUSD)



Gold failed to reach 1262/1263,000 level and offered no opportunities to open short trades. The price was in a tight range on the eve of today’s Federal Open Market Committee meeting. If there are no surprises, XAU/USD is likely to develop its decline. Investors expect no changes in the US monetary policy today. We think there is an opportunity to open short trades from the closest trend line on the Hourly chart.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was declining last week as the geopolitical situation was calm. We think Gold is likely to develop its decline in the next couple of days.

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

SILVER (XAGUSD)



Silver was trading in a range closer to the lower side of the Monday’s range. This fact indicates on the probability of further decline. The price is able to continue its decline after the Federal Open Market Meeting results release.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. The currency pair continued its decline last week according to our expectations. We think that XAG/USD is likely to stop its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook May 4, 2017

EURUSD



The currency pair was trading in a tight range on the eve of the Federal Open Market Committee meeting, which took place during the American session. EUR/USD later declined, when the results of the meeting were released. Market participants pay more attention to the French Presidential elections and they reacted modestly to the FOMC meeting results. The Federal Open Market Committee admits that economic indicators declined, but Fed thinks that this is a temporary decrease. There are many important events today and we think that EUR/USD is going to increase its volatility.

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

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

GBPUSD



The currency pair is under pressure at the moment as US Interest Rates hike expectations has grown again. Interest Rates futures indicates on 70% probability that the Federal Open Market Committee is going to rise Rates on June. This probability was 60% before the latest to date meeting, which took place on Wednesday. This expectations growth allows USD to develop its upside tendency in the nearest future. We think that the currency pair is going to decline towards the trend line on the Hourly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week frustrating our expectations. We think it is going to decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1,2880-1,2900. Place stop losses above the MA55 balance line.

AUDUSD



The currency pair declined considerably yesterday and we think AUD/USD is likely to develop its downside tendency in the next couple of hours. There is strong downtrend here and it is time to look for short trades from the MA13.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think it is going to support this dynamics in the next couple of days.

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

USDCHF



The currency pair is still trading within a limited range despite the results of the Federal Open Market Committee meeting, which took place yesterday. The FOMC members proved that they are going to follow their previously taken plan. However, the market participants are waiting for the results of the French Presidential campaign.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established an upside correction last week according to our expectations. We think that this correction is likely to continue in the next couple of days.

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


Gold and Silver Technical Outlook May 4, 2017

GOLD (XAUUSD)



Gold failed to rise towards the trend line on the Hourly chart and started to decline. The interest Rates hike expectations grew after the latest to date Federal Open Market Committee meting as the Fed admits the decline of economic indicators but consider it temporary and expect two more Interest Rates hike this year. XAU/USD continued to go towards its new lows. We think Gold is likely to develop its downside tendency today, but the price is close to the lower side of the MA-channel.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its moderate decline last week as there was no changes in geopolitical situation around North Korea. We think that Gold is likely to develop its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver declined even before the results of the Federal Open Market Committee meeting and develop its downside dynamics after the event. The price reached the support level trend line on the Weekly chart) and we think it is unlikely to develop its downside tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver declined last week according to our expectations. We think that it is going to slow down its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook May 5, 2017

EURUSD



The currency pair was trading with some growth yesterday and finally left its range. This sharp upside momentum was provoked by the better than expected Eurozone PMI data. This statistics reached its 6 years highs. There are talks that the European Central Bank is going to change its rhetoric during the next ECB meeting. However, today market participants are likely to pay attention to the US Labor Market data, which is to be released right before the American session. It is better to do nothing at the moment as this US data may have significant impact on fluctuations. We recommend trading right after the release.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a small range last week We think it is going to decline moderately 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 important US data is expected.

GBPUSD



The currency pair had some growth after the release of the UK PMI data, which was better that expected. There was an opportunity to open trades from 1,2880 and the currency pair did a fake breakthrough of the lower level. However, the price was in the profit area for 400pips and it was enough to earn or to protect trades. Market participants are going to pay attention to the US Labor Market data and we recommend doing nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was growing last week frustrating our expectations. We think that GBP/USD is likely 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 situation is unclear.

AUDUSD



The currency pair offered an opportunity to sell from the MA13 and the price was in the profit area for 300pips allowing to earn or to protect trades. Market participants are going to pay attention to the US Labor Market and Average Earnings data. We recommend doing nothing before those events.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think it is going to develop this dynamics in the next couple of days.

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

USDCHF



The currency pair followed Euro and USD/CHF was trading with high volatility. Market participants are likely to pay particular attention to the US Labor Market and Average Earnings data. We recommend doing nothing today as this data may have considerable impact on fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an upside correction last week according to our expectations. We think it is going to develop its upside correction in the next couple of days.

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


Gold and Silver Technical Outlook May 5, 2017

GOLD (XAUUSD)



Gold has a strong downside tendency and failed to reach the MA13 offering no opportunities to sell according to our recommendations. There is still some space to further decline and the fluctuations are still very active. The main event for today is the US Labor Market data. We recommend doing nothing before the release of this statistics and taking any decisions after the data is published.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its decline last week as there was no changes in geopolitical situation. We think XAU/USD is likely to continue its decline in the next couple of days.

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

SILVER (XAGUSD)



Silver has some difficulties when trying to move downwards as the price goes back upwards all the time. Strong support line prevents XAG/USD from further downside tendency. We think Silver is likely to grow today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD continued its decline last week according to our expectations. WE think that Silver is likely to stop its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook May 8, 2017

EURUSD



The currency pair was growing on Friday despite the fact that the US data was better than expected. We think that the market participants gave some advance to Euro on the eve of the French Presidential elections’ second tour. Emmanuel Macron has won the elections and the price is likely to go back today. The results of the elections met market participants expectations and the currency pair is going to move downwards probably. The most important events for Euro this week are the European Central Bank Economic forecasts and the ECB’s head Mario Draghi speech.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in the uptrend last week because of the French Presidential elections expectations and the better than expected Eurozone data. We think EUR/USD is likely to decline moderately 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 think that the price is going to reverse sharply and it is better to avoid trading today.

GBPUSD



The currency pair had some growth on Friday regardless the better than expected US Labor Market data. We think that GBP/USD is likely to slow down its growth today and it is going to reverse, starting a downside tendency. We still see no reasons for further currency pair’s grow and we think that the currency pair is going to decline this week. AS for the important data this week, we advise to pay attention to UK manufacturing production data and to Bank of England’s meeting, which is to take place on Thursday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was declining in the first half of the last week but then has grown sharply on the better than expected UK data. We think that GBP/USD is likely to decline moderately 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.

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

AUDUSD



The currency pair was growing on Friday despite the better than expected US Labor Market data. We think that AUD/USD is going to use the results of Friday releases today. There is not much data in the first half of the week. Australian Building Approvals data was worse than expected and the currency pair went downwards in the morning.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that AUD/USD is likely to develop this dynamics in the next couple of days.

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

USDCHF



The currency pair prepares itself to make a reverse as there is a pattern, indicating on such a probability. There is a resistance level (the trend line on the Hourly chart) that may pause USD/CHF growth. It is better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week frustrating our expectations. We think that the currency pair is likely to correct upwards in the next couple of days.

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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook May 8, 2017

GOLD (XAUUSD)



Gold declined on Friday after the better than expected US Labor market data. This statistics gave some support to those who believe in the Federal Open Market Committee positive decision on Interest Rates hike within the next Fed meeting on June. Special futures on the Interest Rates hike probability show growth from 67% before the data release to 74%. US CPI and Retail Sales data may strengthen those expectations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued to decline moderately last week. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver is going to break through the trend line on the Weekly chart and may accelerate its speed. 16,20 level will be a control one. Silver is in a good position for short trades and we advise to take this opportunity.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price declined last week. We think that USD/CHF is likely to decline and to develop its downside tendency.

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

[Adamant Finance]

Technical Outlook May 9, 2017

EURUSD



The currency pair was declining yesterday according to our expectations. We have predicted this sharp price reverse previously. Market participants are playing with Friday’s statistics, as US Labor Market data was stronger than expected. French elections were already included in price and after Monday’s gap the price is moving downwards. We think the price is going to decline today after a short consolidation period.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some support last week as the market participants were looking forward for the results of the French Presidential elections campaign. We think that EUR/USD is going to decline moderately in the next couple of days.

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

GBPUSD



The currency pair was trading according to our expectations and GBP/USD started to move downwards. However, there is still the uptrend here and we give no recommendations as we expect the tendency to reverse completely in order to take some further steps. We think that this event is likely to happen today as the upside tendency slows down significantly.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some moderate decline in the first half of the last week but then grew sharply after the better than expected UK PMI data. We think that the currency pair is going to decline in the next couple of days.

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

AUDUSD



The currency pair declined yesterday as the market participants paid more attention to the Friday’s US Labor Market data, which was stronger than expected and the Australian construction sector data, which was worse, than expected. Today’s retail sales data was disappointing as well. The currency pair accelerates its decline.

There is no trend on the Weekly chart as the price is below the MA55 balance line. He currency pair declined last week according to our expectations. We think AUD/USD is likely to develop this downside dynamics in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA5 balance line. Place stop losses above the indicator.

USDCHF



The currency pair had some growth yesterday and broke through the trend line on the Hourly chart. The tendency reversed as we had previously expected. We advise to wait until the price is back to the broken through trend line and to try buying from there. There is an important Swiss Labor Market today, which may have considerable impact on fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair moved downwards last week again, frustrating our growth expectations. We think that USD/CHF is likely to start its upside correction in the next couple of days.

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


Gold and Silver Technical Outlook May 9, 2017

GOLD (XAUUSD)



Gold was trading with a downside bias on Monday and we think this downside tendency is likely to continue and accelerate in the nearest future. The price bounced off the trend line yesterday and XAU/USD is going to develop its downside tendency today. Yesterday’s short trades according to our recommendations were closed by small stop losses.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued to go down last week We think this downside dynamics is likely to be developed in the next couple of days.

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

SILVER (XAGUSD)



Silver executed short trades according to our recommendations. However 16,20 level still prevents XAG/USD from further decline and we think that the precious metal is going to grow. We advise to leave the trade as it is waiting for the price to break through this level. It is better to place stop loss at breakeven level.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price decline accelerated last week. We think that XAG/USD is likely to break through the trend line and to continue its decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades from 16,40 level.

[Adamant Finance]

Technical Outlook May 10, 2017

EURUSD



The currency pair continued its decline yesterday according to our expectations without even any sign of a correction. There was no opportunities to open trades because of such a strong downside tendency. The price has broken through the trend line and we think it is going to develop its decline in the nearest future. We advise to pay attention to today’s European Central Bank Head Mario Draghi speech as well as to US import and export prices data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair has got some support last week because of the French Presidential campaign expectations and the better than expected Eurozone data. We think that EUR/USD is likely to decline moderately in the next couple of days.

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

GBPUSD



The currency pair is in the neutral position at the moment but we expected it to develop the downside tendency previously. The reverse is slower than we thought. However, we think that GBP/USD is going to change its tendency finally today. There is no clear trend at the moment and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was declining in the first half of the last week, but then grew sharply on the better than expected UK PMI data. We think that the currency pair is likely to decline moderately in the next couple of days.

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

AUDUSD



The currency pair failed to reach the MA55 balance line yesterday and there was no opportunity to open short trades according to our recommendations. We think that AUD/USD is likely to be close to the MA55 balance line today offering some good positions to short the currency pair. There is no more important data from Australia this week and we think that the currency pair is likely to be trading with normal volatility, offering opportunities to trade.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. WE think that AUD/USD is likely to develop this downside dynamics in the next couple of days.

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

USDCHF



The currency pair failed to get back to the broken through trend line on the Hourly chart. It happens some time. There was no opportunity to open trades. The currency pair met another trend line and it is likely to bounce off it.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went down last week again frustrating our growth expectations. We think that it is going to develop its upside correction in the next couple of days.

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


Gold and Silver Technical Outlook May 10, 2017

GOLD (XAUUSD)



Gold was declining yesterday according to our expectations. The price was close to the MA55 balance line yesterday during the Asian session and there was an opportunity to sell. If you did this, you would have about 1 400 pips as profit. The price went upwards towards the trend line in the evening on the Hourly chart and it is likely to break it through. However, there is still the downtrend and we think it is time to look for short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued to decline moderately last week. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver broke through 16,20 level and went even lower. There was an opportunity to fix short trades or toe protect them, waiting for further targets. WE think that Silver is likely to reach 15,70 level this week.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price went downwards last week, frustrating our expectations. We think that the price is likely to break through the trend line and to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. WE advise to hold short trades from 16,40.

[Adamant Finance]

Technical Outlook May 11, 2017

EURUSD



The currency pair bounced off the broken through trend line according to our expectations. EUR/USD gave enough time to open short trades from the broken through trend line and the price declined for 400pips. It was enough to fix trades. Import and export US data was better than expected and gave some additional support to the US dollar. Market participants are likely to pay attention to US PPI data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some support last week because of the expectations of the French Presidential Campaign and the better than expected Eurozone data.

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

GBPUSD



The currency pair was trading in a range yesterday. There was no tendency reverse. Market participants are likely to wait for the UK data and the Bank of England Meeting, which is to take place today. It is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately in the first half of the week, but then grew sharply on the better than expected UK PMI data. We think that GBP/USD is likely to decline moderately in the next couple of days.

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

AUDUSD



The currency pair slows down its decline and the short trades were closed by small stop losses. Yesterday’s import and export prices data from the United States pushed the quotes lower, but there were no new lows established. It Is better to avoid selling at the moment.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that AUD/USD is likely to develop this downside dynamics in the next couple of days.

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

USDCHF



The currency pair has broken through the trend line frustrating our expectations. We thought that it was going to bounce off the line. Anyway, we gave no trading recommendations yesterday. It is time to try opening long trades today from the broken through trend line. Place small stop losses.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week frustrating our growth expectations. We think that USD/CHF is going to have an upside correction in the next couple of days.

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


Gold and Silver Technical Outlook May 11, 2017

GOLD (XAUUSD)



Gold bounced off the MA55 balance line and there was an opportunity to open short trades according to our recommendations. If you did this, you would have about 780 pips as profit. However, the price failed to establish new weekly lows and we think XAU/USD is likely to start its upside tendency in the nearest future. We give no recommendations for today.

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

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

SILVER (XAGUSD)



Silver is trying to reverse its tendency and it is better to fix all short trades from 16,40 level, which were opened earlier. We think that the correction is likely to be deeper and it is better to have some profit now, than to wait for further decline which is disputable. We give no recommendations for today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD develop its decline last week frustrating our expectations. We think that Silver is likely to break through the trend line and the precious metal is going to continue its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook May 12, 2017

EURUSD



The currency pair reached the MA55 balance line yesterday, offering opportunities to open short trades according to our recommendations. The price declined for more than 400 pips and then occasions to take profit appeared. US PPI data showed stronger results than expected offering some support to the US dollar. Today market participants attention is going to shift to the US CPI and retail Sales data. The currency pair’s trend slows down step-by-step and if you decide to short EUR/USD, those trades will be of high risk.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some support last week because of the upcoming French Presidential elections and the better than expected Eurozone PMI data. We think that EUR/USD is likely to decline moderately in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses at 150pips from the MA55 balance line.

GBPUSD



The currency pair declined after the release of the results of the Bank of England meeting, which took place yesterday. GBP/USD shows intensions to develop a downside tendency. There was no hints on the probability of the monetary policy tightening despite the growing inflation pressure. The currency pair has broken through the trend line and we think it is time to look for short trades from this trend line area.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week moderately as we had previously expected. However, GBP/USD grew sharply in the second half of the week thanks to better than expected UK data. We think that the currency pair is likely to decline moderately in the next couple of days.

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

AUDUSD



The currency pair makes an upside correction and it is a good decision to postpone short trades as the situation is unclear. Current tendency is neutral and we advise to avoid trading at the moment. However, we think that today’s US CPI and Retail Sales data is likely to have an impact on the currency pair, which is likely to develop its downside tendency.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think it is going to develop this dynamics in the next couple of days.

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

USDCHF



The currency pair offered an opportunity to open trades from the broken through trend line and the price was in the profit area for 250pips. Is was enough to place stop losses at breakeven level. There is no tendency currently and we advise to do nothing at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week frustrating our growth expectations. We think it is going to have a correction in the next couple of days.

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


Gold and Silver Technical Outlook May 12, 2017

GOLD (XAUUSD)



Gold tries to reverse its current tendency upwards and we have taken a good decision to stay away from trading. Upside correction is narrow and it is very uncomfortable to trade in those conditions. We give no recommendations for today as there is no clear tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued to decline last week. We think Gold is likely to develop the same dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver went back towards 16,40 and we have advised to fix trades. The correction is deep but it may end after the release of today’s US CPI and Retail Sales data. There is no clear tendency and we give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price declined last week frustrating our expectations. We think that Silver is likely to break through the trend line and to develop its 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 May 16, 2017

EURUSD



The currency pair ended the first day of the new week with an active growth. We think that EUR/USD is likely to develop its growth today and then to start a correction in the second half of the week. There are some important events today – German Zew Economic Sentiment (which results are forecasted to be better than previous data) and US Building Permits data. The price is far from the Balance line and it is better to do nothing.

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

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

GBPUSD



The currency pair had an upside correction yesterday and we think GBP/USD is likely to develop this tendency today especially if the UK CPI data will be better than expected (it is going to grow from 2,3 to 2,6% according to forecasts). However, we think that there will be no significant growth anyway as the Bank of England underlined that there will be no monetary policy tightening regardless the growing inflation rate.

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

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

AUDUSD



The currency pair is still in the upside correction despite the release of the last Reserve Bank of Australia Meeting minutes. AUD/USD declined briefly and resumed its upside tendency soon. We think that the currency pair is likely to develop its growth in the nearest future.

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

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

USDCHF



The currency pair continued its Friday’s decline on Monday. There is a downside tendency currently and we advise to look for short trades. The price is far from the balance line however, and we give no recommendations today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth last week according to our expectations. We think it is going to decline in the next couple of days.

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


Gold and Silver Technical Outlook May 16, 2017

GOLD (XAUUSD)



Gold reversed its tendency upwards and we think it is time to look for long trades. However, there is a resistance on the Hourly chart which still holds Gold from moving higher. It is risky to open long trades from here and we advise to wait until the price breaks through the trend line and to open long trades when the price goes to it during a correction or to avoid trading today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its moderate decline last week but then reversed upwards in the end of the last week. We think XAU/USD is likely to develop its upside dynamics in the next couple of days.

There is the uptrend on the Hourly chart as the Ma-channel goes upwards and the price is above the Ma55 balance line. We advise to avoid trading today or to open trades only if the price breaks through the trend line on the Hourly chart.

SILVER (XAGUSD)



Silver accelerates its growth and breaks through the resistance line. The price moved higher then without a correction towards this former resistance. We can see a strong upside momentum. It is time to look for long trades but 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. Silver made a fakey last week and then returned. We think XAG/USD is likely to develop its upside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook May 17, 2017

EURUSD



The currency pair continued its growth according to our expectations, which was supported by both ZEW Eurozone Economic sentiment that was far better than expected and US Building Permits data, which was worse than forecasted. However today EUR/USD is likely to meet its first considerable resistance. There are no chances to open long trades as the growth is truly sharp. We give no recommendations as the price is far from the MA55 balance line.

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

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

GBPUSD



The currency pair reacted with growth on the UK better than expected CPI data but then GBP/USD declined sharply. As we had previously mentioned, Bank of England hinted that they are going to follow their current ultra “easy” monetary policy despite the growing inflation pressure. If you had bought from the MA55 balance line, those trades closed by stop losses. There is no clear tendency currently and we think it is a good idea to do nothing today. We give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately last week according to our expectations. We think it is going to grow 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. However, there is no clear tendency at the moment and we advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair offered to execute long trades from the MA55 balance line. However, the price did a small 100pips correction before going further upwards. Then, the price went upwards for 300pips and it was enough to fix trades partially. You could also move your stop losses in order to protect your existing trades. Those stop losses have not yet triggered and you may leave those positions.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its decline last week but then moved upwards. We think AUD/USD is likely to continue its growth in the next couple of days.

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

USDCHF



The currency pair had a significant downside tendency as CHF was growing against USD. There is not a single chance to open trade in such a sharp movement. The price fails to reach the MA13 and make a single correction.

There is the uptrend on the Weekly chart as the price is above the ma55 balance line. The currency pair had an expected growth last week. We think it is going to decline in the next couple of days.

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


Gold and Silver Technical Outlook May 17, 2017

GOLD (XAUUSD)



Gold offered opportunities to open long trades from the broken through trend line. This break through wasn’t sharp and you had a chance to open long trades with closer stop losses. The price was in the profit area for 1100 pips.

You could fix trades partially, leaving some positions as this growth has a huge potential and the price may go further. We advise to hold some of your trades and place stop losses at breakeven level.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined moderately last week but then went upwards. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to hold your trades but to avoid opening new ones.

SILVER (XAGUSD)



Silver offered opportunities to open long trades from the MA13, but we gave no recommendations. There is a strong uptrend here, but the price is far from the MA55 balance line. You can try open new trades from the MA13, but risks are very high.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver did a fakey last week and returned in the second part of the week to its previous positions. We think XAG/USD is likely to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook May 18, 2017

EURUSD



The currency pair is still far from the MA55 balance line and leaves to MA-channel from time to time. There are no opportunities to open trades as we have previously mentioned. You could open long trades from the MA13 yesterday, but the price went 150pips in the opposite side. Macron’s victory inspired business as there is no more threat of the Frexit procedure. This event resulted in EUR/USD rally. We give no recommendations today as the price is far from the MA55 balance line and is close to the upper side of the MA-channel.

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

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

GBPUSD



The currency pair had some growth yesterday after the release of the UK Labor Market data, which was better than expected, as the number of unemployed persons decreased. However, this growth is fragile as the currency pair has met a resistance level on the Weekly chart. If it breaks it through, there will be chances for the further growth. However, the currency pair shows no intention to develop its upside tendency at the moment. We advise to wait for short trades opportunities.

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

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

AUDUSD



The currency pair ended yesterday’s long trades at breakeven level. AUD/USD failed to grow further and we think it is preparing for another downside tendency. However, today’s Australian Labor Market data was better than expected and SUD/USD had some growth, which is likely to be limited by the trend line on the Hourly chart. If the currency pair fails to break through 0,7450 level, there will be opportunity to open short trades with high risks.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to open short trades from 0,7450. Place stop losses at 0,7460.

USDCHF



The currency pair continued its decline yesterday. There is not a single chance to open trades. There was an opportunity to sell yesterday from the MA13, but the price was close to the lower side of the MA-channel and the risks were too high.

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

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


Gold and Silver Technical Outlook May 18, 2017

GOLD (XAUUSD)



Gold had some growth yesterday according to our expectations and there was an opportunity to open long trades from 1234,00. If you opened positions, you could fix them close to 1261,00. The profit was equal to 2 700pips. Risks were low but the reward was at maximum. We think it is time to stop trading Gold as there will be no huge moves this week anymore.

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

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

SILVER (XAGUSD)



Silver offered opportunities to open long trades from the MA13, but the profit was small. However, you had a chance to fix trades partially and to protect the rest. There is no tendency currently and we advise to do nothing today.

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

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