MoneyOnComputer

[Adamant Finance]

Technical Outlook May 19, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 0,98100-0,98200. Place stop losses at 0,98300.


Gold and Silver Technical Outlook May 19, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook May 22, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook May 22, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook May 23, 2017

EURUSD



The currency pair resumed its growth after a morning correction yesterday. Price failed to reach the MA55 balance line and there was no opportunity to buy. Market participants are waiting for the release of the Federal Open Market Committee meeting minutes. There is important German and Eurozone data today and we expected the volatility to grow. The price is far from the MA55 balance line and we give no recommendations today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had considerable growth last week frustrating our moderate growth expectations. We think that the dynamics is going to depend on the US political situation this week.

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think it is going to develop its downside tendency in the next couple of days in case of favorable US political situation.

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


Gold and Silver Technical Outlook May 23, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook May 24, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

There is the uptrend on the weekly chart as the price is above the Ma55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

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


Gold and Silver Technical Outlook May 24, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook May 25, 2017

EURUSD



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

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to sell from 1,12600 level. Place stop losses above this level.

GBPUSD



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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook May 25, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook May 26, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

USDCHF



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

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


Gold and Silver Technical Outlook May 26, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook May 29, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook May 29, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

[Adamant Finance]

Technical Outlook May 30, 2017

EURUSD



The currency pair offered opportunities to sell from the MA13 indicator and later stop losses triggered. The correction was deeper than expected. Short trades from the MA13 are more interesting for traders as they have potential to get more profit. However, we advise to stay conservative today and to open short trades from the MA55 balance line.

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

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

GBPUSD



The currency pair approached towards the horizontal level at 1,28550. There was no opportunity to sell according to our recommendations as the price failed to touch this level. However, some traders could sell from lower positions as the market is not equal to math and sometimes you have to take decisions with no high precision. We advise to open short trades from the MA55 balance line today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week frustrating our growth expectations. We think GBP/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 below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator.

AUDUSD



The currency pair is trading with low volatility, but it offered the opportunity to open short trades yesterday. It is time to protect your trades or fix your positions partially. We think that it is better to hold some trades today and do not open new short trades.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades from the 0,74450 area.

USDCHF



The currency pair offered yesterday some opportunities to open long trades. However, we gave no recommendations as there was no clear tendency. You can try to open long trades from the MA55 balance line today. There is an upside tendency and we think it is time to start earning on USD/CHF.

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

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


Gold and Silver Technical Outlook May 30, 2017

GOLD (XAUUSD)



Gold started the new week inside a range. The price was in a tight range yesterday for the whole day. However, today the volatility may grow as there is important data from the United States on the way. There was no opportunity top open long trades from the MA55 balance line. Let us hope, today there will be some chances to open buy positions.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair has broken through the trend line and started its expected growth on Friday. We think that XAU/USD is likely to develop its upside dynamics, but there is strong resistance on the way.

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

SILVER (XAGUSD)



Silver continued its moderate growth yesterday and the price met its first resistance level at 17,40. We think that this resistance is unable to prevent XAG/USD from further growth and it is better to open long trades from the MA55 balance line aiming 17,75.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price broke through 17,00 last week and then went upwards according to our expectations. We think that XAG/USD is likely to develop its growth in the next couple of days,

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

[Adamant Finance]

Technical Outlook May 31, 2017

EURUSD



The currency pair offered an opportunity to open short trades from the MA55 balance line. There was also an opportunity to protect your trades. The price was in the profit area for 200pips. You could move stop losses at breakeven level. Yesterday’s USD decline was due to the talks on the political instability in the United States. The price had some growth towards the trend line on the Hourly chart and we think it is going to bounce off the line today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week and then stopped its upside tendency. EUR/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 above the MA55 balance line. We advise to open short trades from the trend line. Place stop losses above this line. These trades are of high risks.

GBPUSD



The currency pair had a sharp growth Tuesday during the Asian session and then had a sharp decline during the American session. There was an opportunity to open trades according to our recommendations. However, there was no chance to take profit as those trades closed by stop losses. The currency pair is ready to continue its decline but there is no tendency currently and 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 currency pair declined last week frustrating our growth expectations. We think GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD



The currency pair did a fakey yesterday and reversed its tendency. Short trades were closed at breakeven level, but there was an opportunity to take some profit. We think that SUD/USD is going to resume its decline, but we advise to do nothing at the moment.

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

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

USDCHF



The currency pair offered an opportunity to open long trades from the MA55 balance line. It was a chance to protect those positions. You could buy from 0,97559 and the price was in the profit area for 150 pips. It was enough to move stop loss at the breakeven level. However, later the price dived below the MA55 balance line and broke the upside tendency. We think USD/CHF is likely to resume its growth today but we give no recommendations.

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

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


Gold and Silver Technical Outlook May 31, 2017

GOLD (XAUUSD)



XAU/USD declined yesterday after it tested its highs during the Asian session. There was an opportunity to open long trades from the MA55 balance line. However, those positions were closed by small stop losses. Gold’s tendency is changing and it is better to do nothing at the moment. XAU/USD is unable to develop its growth as there is a strong resistance level on the way.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price has broken through the trend line on Friday only and then moved higher. We think that USD/CHF is likely to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver made a fakey of 17,40 level and then went downwards, executing long trades with the following stop losses triggering. It is better to do nothing at the moment. We think that you need to see a clear tendency before taking any further actions.

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

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

[Adamant Finance]

Technical Outlook June 1, 2017

EURUSD



The currency pair broke through the trend line on the Hourly chart and there was an opportunity to open short trades. Those positions, however, closed by stop losses. Those trades were risky as we had mentioned it previously. EUR/USD was growing despite the lower inflation data than expected. However, some European Central Bank’s member are hinting on the probability of the stimulus programme tightening. Our weekly scenario is still postponed, but there are chances that the currency pair is going to decline after the US Labor Market data on Friday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week and then stopped its growth. We think that EUR/USD is likely to decline in the next couple of days.

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

GBPUSD



The currency pair failed to break through the weekly lows and returned to a range. We think that GBP/USD is going to be trading within this range for some time. The currency pair growth was due to the latest interviews showing Theresa May advantage over other candidates.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week frustrating our moderate growth expectations. We think GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD



The currency pair resumed its decline according to our expectations. There is no trend currently but you could try to open short trades with risks. Raw currencies are under the pressure at the moment and we think it is time to take some profit from the situation.

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short trades from 0,74150-0,74250 level. Place stop losses above those levels.

USDCHF



The currency pair failed to resume its growth as we had previously expected. USD/CHF accelerated its decline instead. This downside tendency frustrates our expectations. However, there is the downtrend at the moment and we think it is time to look for short trades. Pay attention to the fact that the currency pair is far from the MA5 balance line and those short trades are risky.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was in a range last week as we had expected. We think USD/CHF 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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook June 1, 2017

GOLD (XAUUSD)



Golf is trading in both directions and established new highs of the week. There is still no tendency and there are no signs of any future direction. We think that the price is going to be fluctuating within 1260-1271,0 range on the eve of tomorrow’s US Labor Market data.

There is no trend on the Weekly chart as the price is close to the MA55. The precious metal broke through the trend line last week according to our expectations and developed its growth later. We think that XAU/USD is likely to develop its growth in the next couple of days. Pay attention to the strong resistance line on the way.

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 trading within a range. There is no clear tendency at the moment and it is better to avoid trading today. We think that XAG/USD is going to be trading with no clear direction until the release of tomorrow’s US Labor Market data.

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

There is 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 June 2, 2017

EURUSD



The currency pair had a correction to its previous growth yesterday on the eve of today’s US Labor Market data release. Yesterday’s ADP Non-Farm Employment data was far better than expected. This is a positive factor for USD. Market participants are likely to pay considerable attention to today’s US Non Farm Employment and Unemployment Rate data as well as to the Average Hourly Earnings.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week and then slowed down its growth. We think that EUR/USD is likely to decline in the next couple of days.

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

GBPUSD



The currency pair was trading within a wide range according to our yesterday’s expectations. Investors are nervous on the eve of today’s British Parliament elections. However, we think that market participants are going to pay particular attention to today’s US Labor Market data release. WE recommend doing nothing before this event.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week frustrating our growth expectations. We think that GBP/USD is 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 open trades only after the release of the US Labor Market data today.

AUDUSD



The currency pair offered an opportunity to open short trades from the 0,74150 level according to our recommendations. There was a chance to take 500pips profit. It was enough to fix trades as there is important US Labor Market data today. Market participants are going to pay particular attention to the US Non Farm Employment change.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations, but then it declined. We think AUD/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 before the release of the US Labor Market data today.

USDCHF



The currency pair approached the MA55 balance line during the Asian Session. The price is at the right place for short trades as we may see it, but today is a special day (we mean the US Labor Market data release) and we think it is better to avoid doing anything. Let’s wait for the American Session.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was in a limited range last week. WE think it is going to grow in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We think that it is better to do nothing before the release of the US Labor Market data today.


Gold and Silver Technical Outlook June 2, 2017

GOLD (XAUUSD)



Gold is trading within a 1260-1271,0 range according to our expectations. The price is likely to decline even before the release of the US Labor Market data as yesterday’s ADP Non Farm Employment Change data was far better than expected. The price is close to the lower side of the range and may break it through anytime. There is no tendency currently 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 broke through the trend line in the end of the last week and then had some previously expected growth. Gold is likely to develop its upside dynamics in the next couple of days, but there is a strong resistance on the way.

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

SILVER (XAGUSD)



Silver broke through the range yesterday and tried to decline, but met a support level. If XAG/USD is going to continue its attempts to break through this level, we think it will succeed in case of the better than expected US Labor Market data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver broke through the 17,00 level last week and then developed its growth according to our expectations. We think it is going to continue its upside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 5, 2017

EURUSD



The currency pair was in a range on Friday, as market participants were waiting for the results of the US Labor Market and Average Hourly Earnings data release. After the issue of the statistics, EUR/USD had a sharp growth as this data was disappointing. There will be no much data on US economics this week and we advise to pay attention to European releases. The European Central Bank is going to meet on Thursday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week as the market participants were disappointed by Trump and weaker than expected US Labor Market data. We think that EUR/USD is likely to develop its growth in the next couple of days.

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

GBPUSD



The currency pair was trading in a tight range for the whole Friday and it almost ignored the weaker than expected US Labor Market data. We think that market participants are paying more attention to the upcoming British Parliamentary elections, which are to take place on Thursday this week. Theresa May’s party has advantage according to the latest data, but no one knows whether she is going to win or lose those elections.

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

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

AUDUSD



The currency pair went upwards after the US Labor Market data, which was worse than expected. AUD/USD has broken through the trend line during the Asian session on the Hourly chart and we think this fact indicates on the probability of a new tendency to be established. It is time to look for long trades from the broken through trend line, but there is no clear tendency at the moment, and 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 declined moderately last week but then had some growth on the worse than expected US Labor Market data. We think AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF



The currency pair declined right after the release of the US Labor Market data, which was weaker than expected. We think it is time to look for short trades today, as there is a clear downside tendency on the chart. The currency pair is supposed to develop its decline in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week towards the broken through trend line and then resumed its decline. We think that USD/CHF is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook June 5, 2017

GOLD (XAUUSD)



Gold was declining on Friday during the Asian session, but the price almost freeze by the beginning of the European session. The US Labor Market data was worse than expected and Gold went upwards right after the release of the US Non-Farm Employment Change. XAU/USD has broken through the trend line on the Weekly chart. If the price is going to confirm this break out, Gold has some opportunities to develop its growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD was in a range on the eve of Friday’s important US Labor Market data, but then XAU/USD went upwards and Gold has broken through the key level. XAU/USD is likely to develop its Friday’s upside dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver has changed its direction after the Friday’s US Labor Market data. XAG/USD some better chances to develop its growth. We advise to try long trades from the MA55 balance line. This week is the last before the Federal Open Market Committee meeting, and there is a probability, that XAG/USD is likely to go upwards.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week and resumed its growth on Friday only. We think that XAG/USD is likely to resume its upside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 6, 2017

EURUSD



The currency pair offered opportunity to open long trades from the MA55 balance line according to our recommendations. You can fix your profit partially and protect the rest by moving stop losses at breakeven level. We think that EUR/USD is likely to continue its growth today and we advise to hold some of your long trades opened. There is an important Eurozone Retail Sales data on the way, which may help EUR/USD to grow further.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week because market participants were disappointed by both Trump activities and the weaker than expected US Labor Market data. We think that the currency pair is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to hold your long trades from 1,12400.

GBPUSD



The currency pair went upwards towards the upper side of the range and GBP/USD is able to break it through in the nearest future. Latest interviews show the advantage of Theresa May’s party. GBP/USD get some support form that news. Parliamentary elections are to take place on Thursday, June 8. It is better to avoid trading at the moment.

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

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

AUDUSD



The currency pair went upwards after AUD/USD has broken through the trend line and we think it is going to return towards this trend line offering another opportunity to buy. There is the uptrend currently and we think there is a good opportunity to open long trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined moderately but then it had some growth after the release of the US Labor Market data. 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 above the MA55 balance line. We advise to open long trades from the broken through trend line or from the MA55 balance line. Place stop losses below those indicators.

USDCHF



The currency pair failed to offer any trading opportunities yesterday as it was far from the MA55 balance line. We think that USD/CHF is likely to continue its decline today, but there are still hopes, that the currency pair is able to reach the MA55 balance line in order to offer some trading opportunities, before it continues to go downwards.

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 towards the trend line and then reversed and moved downwards. We think that USD/CHF is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook June 6, 2017

GOLD (XAUUSD)



Gold was trading in a tight range on Monday without a significant decline. It seems that XAU/USD is unable to go downwards. We expected Gold to move towards the MA55 balance line in order to open long trades from there. However, this not happened. We think that XAU/USD is likely to develop its growth towards 1290-1293,000 today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price was close to the strong resistance level last week, but it passed the level after the release of the weaker than expected US Labor Market data.

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

SILVER (XAGUSD)



Silver offered no opportunities to open long trades yesterday as the correction was too small. XAG/USD resumed its growth today during the Asian Session and there is no a single chance to jump into this “departing train”. We think it is better to stay away today and do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week according to our expectations and resumed its growth on Friday, after the release of the weaker than expected US Labor Market data. 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

[Adamant Finance]

Technical Outlook June 7, 2017

EURUSD



The currency pair’s long trades ended with nothing as positions closed at the breakeven level. However, there was an opportunity to take some profit. EUR/USD is trading without establishing new weekly highs as market participants are waiting for the results of the European Central bank meeting, which is to take place on Thursday. The currency pair slows down its upside tendency and it is better to avoid trading today. We think EUR/USD is likely to be trading within a range before the ECB meeting. As for the important events, Eurozone is going to release its Final GDP data, which is not going to make much noise according to our expectations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week as market participants were disappointed by Trump’s latest activities and the weaker than expected US Labor Market data. We think that EUR/USD is likely to develop its growth in the next couple of days.

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

GBPUSD



The currency pair failed to break through the upper side of the range as new interviews show mixed results on the eve of the UK Parliamentary Elections. We recommend avoiding trading before the official results of the British elections as everything may happen.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction last week and is still trading within a tight range. We think that GBP/USD is likely to develop its growth in the next couple of days.

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

AUDUSD



The currency pair failed to return to the broken through trend line and even was not close to the MA55 balance line to offer opportunities to buy. AUD/USD continued its growth today during the Asian session after stronger than expected Australian GDP data. There is not even a single chance to open trades as the price is far from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined moderately last week, but then it grew on the weaker than expected US Labor Market data. We think that AUD/USD is likely to continue its upside tendency in the next couple of days.

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

USDCHF



The currency pair offered an opportunity to open short trades from the MA55 balance line according to our recommendations. The price declined for 350 pips and it was enough to fix trades partially and to protect the rest. This downside tendency slows down at the moment and we advise to fix the rest of your trades, as a correction is probable.

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 towards the broken through trend line and then resumed its decline. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

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


Gold and Silver Technical Outlook June 7, 2017

GOLD (XAUUSD)



Gold had some growth yesterday according to our expectations. There was no opportunity to open positions as the price failed to reach the MA55 balance line. The tendency is very strong and the price can not even reach the MA13. However, we think that Gold is going to slow down its growth in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price reached a strong resistance level last week and broke through it after Friday’s weaker than expected US Labor Market data. We think that XAU/USD is likely to develop its upside dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver was growing yesterday as well, but we think the correction is on the way. There is an opportunity for XAG/USD to make another upside burst and establish a new high. We think it is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week and resumed its growth on Friday. We think that XAG/USD is likely to continue its growth in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 8, 2017

EURUSD



The currency pair was trading with high volatility as there are hints that the European Central Bank is going to decrease their inflation growth forecasts during today’s ECB meeting, which is to take place during the European session. However, there is no proof for those hints and we are going to know the truth only after the event. Market participants expect the European Central Bank to declare the probability of Stimulus programme tightening.

There is another important event today in the United States, which is able to influence the currency pair. We mean today’s James Comey Congress hearings.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week as market participants were disappointed by both weaker than expected US Labor Market data and Trump’s activities. WE think that EUR/USD is likely to develop its growth in the next couple of days.

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

GBPUSD



The currency pair passed the upper side of the range as market participants expect Theresa May to win the Parliamentary elections in the United Kingdom. This event is to take place today and if Theresa May’s party takes the majority, GBP/USD is likely to continue its growth in the nearest future.

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

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

AUDUSD



The currency pair continued its growth during the European session yesterday but it stopped on the American session. There are lots of important events today. Market participants are hesitating to open new trades. WE think it is a good idea to do the same thing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined moderately last week, but then moved upwards after the release of the US Labor Market data. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF



The currency pair was trading in both direction because of Euro. However, USD/CHF failed to pass the trend line and we had to adjust this line according to new situation on the chart. If there will be now negative information and comments during today’s European Central Bank meeting, the currency pair is able to bounce off the trend line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth towards the broken through trend line last week and resumed its decline then. We think that USD/ CHF is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook June 8, 2071

GOLD (XAUUSD)



Gold offered an opportunity top open long trades in the beginning of the American Session from the MA55 balance line and the price was in the profit area for 6USD. You could either take the profit or hold your positions.

However, later all open positions were closed at breakeven level. Market participants are fixing their long trades on the eve of today’s important events. There will be James Comey Congress hearings, the European Central Bank meeting and the UK Parliamentary elections.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price met a strong resistance last week but passed it after the weaker than expected US Labor Market data. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver made an expected upside burst, but failed to establish new weekly highs. The growth from the MA55 balance line was about 10 pips only and w gave no recommendations. There are many important events today and it is better to wait for the market participants reaction on them.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week and resumed its growth on Friday. We think that XAG/USD is likely to develop its growth in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 9, 2017

EURUSD



The currency pair declined yesterday after the European Central Bank’s decision to leave monetary policy unchanged. EUR/USD is under the pressure as inflation growth forecasts were decreased by the ECB. Those forecasts had a considerable impact on the currency pair as Mario Draghi and his colleagues are unlikely to change monetary policy in the nearest future as they were expected to do previously. EUR/USD is able to reverse its tendency and we can see some signs of it on the charts right now.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week as market participants were disappointed by both Trump’s activities and the weaker than expected US Labor Market data. We think that EUR/USD is likely to grow in the next couple of days.

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

GBPUSD



The currency pair was trading in a tight range yesterday and started to decline after the preliminary exit poll results. Preliminary data shows, that Theresa May has not enough votes to gain a majority in the British Parliament.

Market participants expected her party to win and GBP/USD was growing previously. However, investors are disappointed now and we can see it on the charts. Final exit poll results will be released today during the European Session.

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

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

AUDUSD



The currency pair was trading within a tight range as market participants were waiting for important events. However, USD has got some support in the end of the day and we think AUD/USD is going to change its tendency in the nearest future. There is still no reverse, but it may happen the next week. And there will be opportunities to sell.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week but then had some growth after the release of the weaker than expected US Labor Market data. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF



The currency pair moves to the opposite direction from EUR/USD. The European Central Banks is going to wait more before taking any monetary policy decisions. Chief is under the pressure as EUR is. The trend line on the Hourly chart was broken through and the situation was favorable for long trades. However, we gave no recommendations yesterday.

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 towards the trend line and then resumed its decline. We think USD/CHF is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook June 9, 2017

GOLD (XAUUSD)



Gold shows intension to decline as investors are fixing their long trades and USD gets more support. The European Central Bank decision and comments as well as the preliminary British Parliament elections exit polls pushed European currencies down. Those events provoked further decline of precious metals. Gold has its trend line on the Hourly chart on the way and there are doubts it is going to break it through. We think that XAU/USD is going to finish this week above this trend line. However, we can see a downtrend and there is some potential for further decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold has broken through the strong resistance level on Friday after the release of the US Labor Market data. We think XAU/USD is likely to develop its upside dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver increased the speed of its decline after the European Central Bank’s decision to leave the monetary policy unchanged. Inflation growth forecasts were decreased as well. There is the downtrend at the moment but we have a trend line on the way, which may prevent Silver from further decline today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week and resumed its growth on Friday. We think XAG/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.

[Adamant Finance]

Technical Outlook June 12, 2017

EURUSD



The currency pair failed to reach the balance line and there was no opportunities to open trades according to our recommendations. However, this chance may be given today. We would like to remind you that this week is full of important events including the Federal Open Market Committee and the Bank of England’s meeting. This week promises to be very volatile.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth last week frustrating our expectations. We think that the currency pair is likely to develop its decline in the next couple of days.

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

GBPUSD



The currency pair established new lows last week as the final exit polls results showed that no party has won the elections to British Parliament. Theresa May has to create a coalition right now and she has to overcome all future difficulties on her own. This political background may lead to further GBP/USD decline. The price is under the horizontal level at the moment. We think you can try to sell from there.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week but declined sharply by the end of the last week on the British Parliamentary Elections results. We think the currency pair 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 horizontal level on the Hourly chart. Place stop losses above this level.

AUDUSD



The currency pair continued to be trading within a tight range. We had advised previously to try short trades from the MA55 balance line this week. USD is likely to gain more positions before Wednesday, when the Federal Open Market Committee is going to hold a meeting. Market participants are expecting the Federal Reserve to hike rates again.

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

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

USDCHF



The currency pair went back towards the MA55 balance line on Friday and we think there will be some opportunities to buy from this indicator today. We expect USD/CHF to have limited dynamics before Wednesday but USD is going to push the other currencies down. We expect the currency pair to increase volatility when the results of the Federal Open Market Committee meeting will be released.

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

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


Gold and Silver Technical Outlook June 12, 2017

GOLD (XAUUSD)



Gold is likely to break through the trend line on the Hourly chart and we think it is time to look for short trades. However, the price is still far from the MA55 balance line and we think you can try selling from the MA13. Those trades are supposed to be very risky and we advise to wait until the price reaches the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its upside dynamics last week according to our expectations. However, Gold declined sharply by the end of the last week and made a fakey on the Weekly chart. We think that XAU/USD is likely to develop its downside dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver broke through the trend line on the Hourly chart having no difficulties to do this. This fact indicates on a serious Bears pressure. The price can not reach the MA55 balance line and we think you can try to open short trades from the MA13.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver attempted to grow last week several times but then reversed downwards. We think that XAG/USD is likely to continues its downside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 13, 2017

EURUSD



The currency pair is in the stand-by mode as the market participants are waiting for the Federal Open Market Committee meeting results. We hoped EUR/USD was likely to decline one more time, but it failed to happen and we had some small losses as stop losses triggered. There is ZEW Economic Sentiment data upcoming today, this statistics is likely to provide the currency pair with some higher volatility. The downtrend is still actual and we think you can try short trades today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair frustrated our growth expectations last week. EUR/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 below the MA55 balance line. We advise to open short trades from the MA55 balance line or a bit higher. Place stop losses above the indicator.

GBPUSD



The currency pair reached the horizontal level and bounced off it according to our expectations. There was an opportunity to sell from there according to our recommendations. The price was in the profit area for 1300 pips and we had no difficulties to take profit. The currency pair is under the pressure at the moment after the British Parliamentary Elections, which took place on Thursday.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week but declined sharply on Friday. We think that GBP/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 below the MA55 balance line. We could recommend opening short trades, but the price is far from the MA55 balance line. We advise to do nothing today and wait until GBP/USD offers new opportunities.

AUDUSD



The currency pair was trading in a tight range yesterday. AUD/USD started its growth towards the weekly highs during the Asian Session today. Short trades ended with small losses. We think that market participants avoid doing something before the release of the results of the Federal Open Market Committee meeting, which is to take place on Wednesday. We have previously mentioned, that short trades from the MA55 balance line are likely.

USD is going to grow on the eve of the FOMC meeting. Market participants still believe that the FED is going to hike rates.

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

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

USDCHF



The currency pair offered opportunity to open long trades from the MA55 balance line. Those positions ended with stop losses. USD/CHF’s dynamics had no clear direction and is was hard to earn something. We think that the currency pair is likely to gain some volatility after the release of the Eurozone ZEW economic sentiment data.

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


Gold and Silver Technical Outlook June 13, 2017

GOLD (XAUUSD)



Gold failed to get back towards the MA55 balance line and we advise to avoid doing anything. We think that the short trades from the broken through trend line are also unlikely as the break through was not clear. The price is going to reach the MA55 balance line today probably and you can try to sell from there.

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

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

SILVER (XAGUSD)



Silver offered opportunities to open short trades from the MA13 and those short positions were profitable. The price was in the profit area for 25pips. There was also an opportunity to fix your trades and if you failed to do it, it is still time to close all positions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had several attempts to grow last week and then reversed downwards. We think that XAG/USD is likely to develop its downside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 14, 2017

EURUSD



The market participants are waiting for the results of the Federal Open Market Committee Meeting, which is to take place during the American Session. Today is a D-Day for all major currencies and precious metals. Short trades failed to bring any profit as they have closed by stop losses. Tendency had already changed, when you had opened trades and there was no sense to do this. The currency pairs have no direction currently and there will be no recommendations.

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

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

GBPUSD



The currency pair gained back its positions partially after the better than expected UK Inflation data. However, this dynamics was temporary as this is unlikely to influence the Bank of England’s decision. We think that the currency pair is able to resume its decline today after the release of the Federal Open Market Committee Meetings, which are to take place during the American Session. USD is going to get more support in case if the FOMC members are going to hint on the probability of another Interest Rates hike this year.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week, but then reversed and declined by the end of the last week. We think that GBP/USD is likely to continue its decline in the next couple of days.

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

AUDUSD



The currency pair was trading in a tight range yesterday as market participants are waiting for the results of the Federal Open Market Committee Meetings, which are to take place today during the American Session. We think that the currency pair’s dynamics is likely to remain unchanged before the FOMC Meetings.

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

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

USDCHF



The currency pair continued its range trading yesterday on the eve of the Federal Open Market Committee Meetings yesterday. USD/CHF declined after yesterday’s Eurozone data. However, it gained back its positions later. We give no recommendations for today.

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

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


Gold and Silver Technical Outlook June 14, 2017

GOLD (XAUUSD)



Gold offered opportunities to open short trades in the end of the American Session and there was no reason to sell. We think that XAU/USD is likely to develop its decline after the release of the Federal Open Market Committee Meetings results. If there are any hints on the probability of another Interest Rates hike this year, gold is likely to develop its downside tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its upside dynamics last week, but then declined, establishing a fakey on the Weekly chart. We think that XAU/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 as the situation is unclear.

SILVER (XAGUSD)



Silver is growing as the market participants are fixing their short trades on the eve of today’s important event. The price may choose any direction after the release of the results of the Federal Open Market Committee Meetings. Everything depends on the decisions and comments of the FOMC members. We give no recommendations as sharp moves are expected.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. Silver had a couple of attempts to grow and then reversed downwards. We think that XAG/USD is likely to develop its downside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 15, 2017

EURUSD



The currency pair did a pirouette yesterday during the American session. Once the US inflation data and Retail sales were released, EUR/USD moved higher, as the statistics was weaker than expected and disappointed the market participants. Investors had doubts, that the Federal Open Market Committee was going to hike Interest Rates and to follow its promises. The currency pair had a 800pips growth. However, the results of the FOMC Meeting met the market participants expectations. Moreover, Janet Yellen assured investors that the US economics feels good. Those comments helped EUR/USD to reverse and reach its previous positions.

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

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

GBPUSD



The currency pair was trading in both directions yesterday. The main event for today as the Bank of England Meeting, which is to take place during the European Session. We think that sharp price bursts are probable.

GBP/USD looks upwards, but the price dynamics indicates on the probability of a decline. This situation is disputable and it is better to do nothing at the moment.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week, but then declined sharply by Friday. We think that GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD



The currency pair started to grow even before the release of the US Inflation data, Retail Sales and the Federal Open Market Committee Meeting results. There is the uptrend currently and the price dynamics confirms it. The currency pair had another sharp growth today during the Asian Session as the Australian Labor Market data was better than expected. We had no opportunities to jump in to the market 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 continued its growth last week according to our expectations. We think that AUD/USD is likely to resume its decline in the next couple of days.

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

USDCHF



The currency pair was trading with high volatility, but then had some moderate growth. There is no trend currently and we think it is better to do nothing at the moment. We expect USD/CHF to develop its growth in the next couple of days.

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

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


Gold and Silver Technical Outlook June 15, 2017

GOLD (XAUUSD)



Gold was trading almost according to our expectations. US inflation and Retail Sales data confused market participants, as this statistics was worse than expected. This release resulted in XAU/USD’s sharp growth. However, the Federal Open Market Committee Meeting resulted in Interest Rates hike and the Fed’s Head Janet Yellen commented the current economics state as normal, providing some additional support to the US dollar. There is no tendency today and it is better to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold developed its upside dynamics last week according to our expectations, but declined sharply on Friday, making a fakey on the Weekly chart. We think that XAU/USD is likely to develop its downside dynamics in the next couple of days.

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

SILVER (XAGUSD)



There was some sharp fluctuations yesterday and we think it is time to look for short trades. However, there is still no tendency and it is better to do nothing at the moment. Wait until the MA-channel reverses downwards.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had some attempts to grow last week and then reversed downwards. We think, XAG/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 goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

[Adamant Finance]

Technical Outlook June 16, 2017

EURUSD



The currency pair established a downside tendency and it is time to look for short trades. The price is far from the MA55 balance line however. As for the statistics, we advise to pay attention to the Eurozone CPI data today.

However, we think that market participants’ reaction to this event will be limited. You can try open trades in the opposite side of the trend, but those positions will be risky and the eventual profit is expected to be small.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair frustrated our growth expectations last week. We think EUR/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 below the MA55 balance line. We advise to open long trades from 1,1140 aiming 1,11850. Place stop losses at 1,11300.

However, we would like to warn you, that these long positions would be risky.

GBPUSD



The currency pair is still trading in both directions today despite the fact that we have an upside tendency. We gave no recommendations yesterday as the situation is unclear. The currency pair had a sharp growth right after the Bank of England Meeting as two more Monetary Policy Committee members joined hawks’ camp. The Bank of England’s Head Mark Carney still insist on the currently monetary policy to remain unchanged. However, some MPC members are worried about inflation growth.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week but declined sharply on Friday due to the results of the British Parliamentary Elections. We think that GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD



He currency pair builds a Bearish pattern today despite the fact that the tendency is still looking upwards. Yesterday’s growth on news was the last and we took a good decision to avoid trading. We recommend doing nothing today, but expect the currency pair to decline in the next dying hours of this week.

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

USDCHF



The currency pair had an expected growth yesterday and shows intentions to establish an upside tendency today. We gave no recommendations on Thursday as there was no clear tendency. The price was far from the MA55 balance line. We think that it is better to do nothing today as the price is still too far from the balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to decline last week frustrating our expectations. We think that USD/CHF 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.


Gold and Silver Technical Outlook June 16, 2017

GOLD (XAUUSD)



Gold declined yesterday as we had expected and it shows intentions to develop its downside tendency. We think that XAU/USD is likely to form an upside correction for the whole day and we think it is better to do nothing today. Anyway, all precious metals are ready to decline and we think we will have this opportunity to sell and earn the next week.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was developing its upside dynamics last week, but then declined sharply by Friday, establishing a fakey. We think that XAU/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.

SILVER (XAGUSD)



Silver established a downside tendency, but the MA-channel looks like being unchanged. You can try short trades from the MA55 balance line area. If there is no opportunity to open those positions, try to sell the next week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a couple of growth attempts but then reversed downwards. We think that XAG/USD is likely to develop its downside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 19, 2017

EURUSD



The currency pair executed an expected maneuver and those who risked open long trades, are in profit now. Buy positions from 1,11400 were successful and the price had almost no correction. Risks were low, as we placed stop losses close to the strike price. There was an opportunity to close trades at 1,11850 level. There is not much data this week, but we advise to pay attention to the Federal Open Market Committee and the Bank of England member’s comments. Those speeches are able to influence quotes.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price attempted to decline last week and had a small downside tendency according to our expectations. We think that EUR/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 above 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 and changed its tendency from upside to neutral. GBP/USD attempted to go upwards last week, but failed to do it. We think that this may lead to a decline in the nearest future. It is better to do nothing at the moment 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 currency pair held its positions last week due to the better than expected UK CPI data and the increased number of hawks in the Bank of England’s Monetary Policy Committee. We think that GBP/USD is likely to decline last week.

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

AUDUSD



The currency pair failed to decline and the upside tendency resumed on Friday. We gave no recommendations, as there was no change in tendency. We think it is time to look for long trades according to the current market tendency.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is 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 corrected towards the MA55 balance line and we think it is time to look for long trades. However, there is enough space for further growth according to the technical analysis. We expect USD/CHF to start 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 had an expected growth last week. We think it is gong to develop its upside tendency in the next couple of days.

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


Gold and Silver Technical Outlook June 19, 2017

GOLD (XAUUSD)



Gold was trading within a tight range on Friday and moved closer to the MA55 balance line. XAU/USD has intentions to decline during the Asian session and we think it is time to look for short trades from the MA55 balance line. We hope that XAU/USD is going to burst upwards again in order to offer another opportunity to jump into the market.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations. 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 MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line on Friday. However, if you jumped into the market, you had to hold trades until this week. There are possibilities to protect trades by moving stop losses at breakeven level. If you failed to open trades on Friday, we think you will have this opportunity today.

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

There is 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 June 20, 2017

EURUSD



The currency pair declined considerably as the United States dollar is gaining strength. The US currency has support from the events, which took place last week. We would like to remind you that the Federal Open Market Committee hiked rates and hinted that the Fed is going to follow their previous plans on the probability of another monetary policy tightening this year. Anyway, this week we advise to pay attention to the FOMC members’ comments. We think that USD is going to develop its growth in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair met our decline expectations last week partially. We think that EUR/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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair had a downside burst yesterday, but there was no possibility top open trades according to technical analysis. There is still no tendency and we think it is better avoid trading. However, we think that the currency pair is going to change its tendency tomorrow and there will be opportunities to sell.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading close to the current levels last week because of the UK data and the Bank of England meeting’s results. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair is slowing down its upside tendency by declining. This decline was moderate, but enough to slow down the trend. Short trades according to our recommendations closed by small stop losses. We recommend doing 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. The currency pair continued its growth last week frustrating our decline expectations. We think that AUD/USD is likely to continue its growth in the next couple of days.

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

USDCHF



The currency pair failed to establish an upside tendency and slowed down its growth yesterday. There was an opportunity to buy, but not from the balance line. This is another tactics and we think it is better to do nothing today as there in no clear trend.

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

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


Gold and Silver Technical Outlook June 20, 2017

GOLD (XAUUSD)



Gold had an upside momentum yesterday and there was an opportunity to open short trades according to our recommendations. You could open positions at 1252/53,00 levels and to take about 900 pips. Now you can try to fix your positions partially or to protect your trades. There is some more space for XAU/USD to decline and we think it is a good idea to hold some of your positions.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades as the downside tendency still has some room to develop.

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and it was difficult to open trades. If you managed to sell, you could earn about 20 pips. Now you can protect your trades and take some profit. There is some space for further decline and we think it is a good idea to hold your positions.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold your short trades from 16,70 level.

[Adamant Finance]

Technical Outlook June 21, 2017

EURUSD



The currency pair continued to decline as USD still strengthens its positions. The Federal Open Market Committee members confirm their plans to hike Interest Rates at least once this year again. They think that wage growth is going to increase inflation, which is lower than 2% at the moment. We think that USD is going to develop its growth in the nearest future.

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 it declined. We think that EUR/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 below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator.

GBPUSD



The currency pair established a downtrend according to our expectations. GBP/USD had significant fluctuations yesterday and is it close to the lower side of the MA-channel at the moment. We think the price is going to start a correction today and it is better to do nothing, as we do not recommend trading contrary to the tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was holding on the current levels last week due to the UK data and the decisions of the Bank of England members. We think that GBP/USD is likely to decline in the next couple of days.

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

AUDUSD



The currency pair is trying to change its current tendency and we think that short trades will be actual in the nearest future. The latest AUD/USD growth was due to the expectations of the monetary policy tightening in Australia.

Reserve Bank of Australia members decided to leave the rate unchanged due to the weak GDP data in the first half of the year. This two weeks growth may end and the correction is to take place. We think there will be some opportunities to open short trades.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is 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 in a tight range yesterday despite the fact that the other currency pair have strong tendencies. There is no trend currently and we think it is too early to do anything. We recommend doing nothing today until the currency pair chooses any clear direction.

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

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


Gold and Silver Technical Outlook June 21, 2017

GOLD (XAUUSD)



Gold established new weekly lows. We think that it is time to fix all your positions. There are two probabilities on the way the price either is going to establish new lows or is going to stop declining. We advise you to be cautious, as the dynamics is weak. However, this may be the result of the lack of macroeconomic data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations. We expect Gold 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 hold short trades until the price reaches weekly lows.

SILVER (XAGUSD)



Silver follows Gold and we think it is a good decision to fix trades today. The price is either able to establish new weekly lows or to stop its decline earlier.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside dynamics last week according to our expectations. We think it is going to develop its decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold your short trades until the price reaches the weekly lows.

[Adamant Finance]

Technical Outlook June 22, 2017

EURUSD



The currency pair grew towards the MA55 balance line yesterday offering opportunities to sell and then bounced off. The total profit amount was about 200 pips and you could fix your trades partially and move stop losses to breakeven level. If you failed to close your trades before the price crossed the MA55, then they were stopped by stop losses. If you had a chance to fix trades partially or totally, you had a chance to take small profit. There is no trend today and we recommend doing nothing.

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

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

GBPUSD



The currency pair executed a very interesting maneuver offering opportunities to sell. Those trades could bring you about 500pips. However, we gave no recommendations. Those fluctuations are due to the Bank of England’s members comments on the probability of stimulus tightening in the nearest future and the currency pair had some growth after those announcements. However, there is no tendency currently and we think it is better to look for short trades when there will be any opportunities.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. The currency pair was close to the current levels last week because of the UK data and the Bank of England’s meeting results. We think the currency pair is likely to decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line or even higher. Place stop losses at 250pips distance from your positions.

AUDUSD



The currency pair failed to reach the MA55 balance line offering no opportunities to sell. However, the price declined according to our expectations. The currency pair established the downside tendency and you can try short trades, when situation allows.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is 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 continued to be trading within a limited range despite the fact that the other currency pairs are trading with higher volatility. There is no trend currently and we think it is a good idea to “sit on your hands”. We advise to observe fluctuations looking for trades as there are no opportunities currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an expected growth last week. We think it is going to grow in the next couple of days.

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


Gold and Silver Technical Outlook June 22, 2017

GOLD (XAUUSD)



Gold went downwards towards the weekly lows according to our expectations. There was opportunity to close your trades from 1253,00 at the most profitable points. The price went upwards today as you may see it on the chart and there is no tendency currently. We advise to see whether the tendency has changed or not.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations. We think Gold 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.

SILVER (XAGUSD)



Silver offered opportunity to fix trades close to the weekly lows. There is no tendency currently and we think it is a good idea to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver showed downside dynamics last week according to our expectations. 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.

[Adamant Finance]

Technical Outlook June 23, 2017

EURUSD



The currency pair continued to be trading within a limited range. The lack of statistics and events this week prevents the currency pair from developing any tendency. There are several releases today including Euro zone and US PMI’s. We hope this statistics is able to give some volatility to fluctuations.

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

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

GBPUSD



The currency pair offered an opportunity to open short trades from 1,26750-1,26800. There was almost no further decline, but the price was in the profit area for 200pips. It was enough to protect your positions by moving stop losses at breakeven level. There is no important data from the United Kingdom today and we advise to pay attention to the US data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading at current levels last week because of the UK data and events. 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 above 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 again, offering no opportunities to open short trades. However, AUD/USD continued to decline according to our expectations without establishing new lows. We think that this situation clearly indicates on the probability of the tendency to reverse. This is likely to happen today.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. The currency pair developed its growth last week frustrating our expectations. We think that AUD/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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair continued to be trading within a limited range with some downside bias. There is the downtrend currently, but is it still too weak 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 had an expected growth last week. WE think it is going to develop its upside tendency in the next couple of days.

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


Gold and Silver Technical Outlook June 23, 2017

GOLD (XAUUSD)



Gold has changed already its tendency. However, this situation looks like it is a correction to a downside tendency. There is no clear uptrend on the chart. We think that Gold is likely to develop its decline today. Anyway, we recommend doing nothing 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. Gold continued its downside dynamics last week according to our expectations. We think XAU/USD is likely to develop the 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.

SILVER (XAGUSD)



There is the downtrend on the Weekly chart as the [price is below the MA55 balance line. Silver had a downside tendency last week according to our expectations. We think it is going to develop its decline in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 26, 2017

EURUSD



The currency pair had some moderate growth on Friday as some Federal Open Market Committee members have doubts that it is a good time to continue hiking Interest Rates. Some FOMC members believe that it is better to wait and postpone further monetary policy tightening. However, those opinions may change as they are influenced by the US economic data, which is supposed to be better in the next following months. As for the Euro zone, we advise to pay attention to the CPI data, which is expected to be worse than the previous meaning. Those expectations may push the currency pair downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations, but then EUR/USD gained back its positions. We think that the currency pair is likely to decline in the next couple of days.

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

GBPUSD



The currency pair was trading within a limited range on Friday after some growth during the Asian session. There is an upside tendency at the moment, but we have doubts that this trend has some room to develop. We give no recommendations today and prefer to do nothing, as the situation is unclear.

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

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

AUDUSD



The currency pair reversed on Friday, but there is still no tendency on the chart. AUD/USD is trying to grow as the market participants expect the Reserve Bank of Australia to hike rate in the nearest future. This could happen even during the latest RBA meeting, but some data prevented the Reserve Bank of Australia from doing this step. We think that AUD/USD is likely to develop its growth in the nearest future.

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

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

USDCHF



The currency pair declined establishing a downside tendency. However, this trend slows down and we think there is a probability of a reverse. We recommend monitoring the price fluctuations today and doing nothing. We expect the currency pair to grow in the nearest future.

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

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


Gold and Silver Technical Outlook June 26, 2017

GOLD (XAUUSD)



Gold continued its growth on Friday. However, there is the trend line on the way and we think Gold is likely to bounce off it. We advise to monitor the situation today. However, we think it is time to look for short trades from the trend line with stop losses above this indicator.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its downside dynamics last week according to our expectations. However, XAU/USD gained back its positions by the end of the week. We think Gold is likely to resume 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 short trades from the trend line. Place stop losses above the indicator. Those trades are of high risks.

SILVER (XAGUSD)



Silver is approaching the trend line and we think it is going to bounce off it. We think it is better to do nothing today as Silver has less chances to give profit in this situation. However, we advise to monitor Silver’s fluctuations close to the trend line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside dynamics last week according to our expectations, but the price went back by Friday. We think that XAG/USD is likely to resume its decline in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 27, 2017

EURUSD



The currency pair established new highs and then returned to its previous positions. There was a classic fakey, executed by EUR/USD. Our expectations come true as the currency pair is likely to change its direction. There is still the uptrend, but EUR/USD is able to reverse today if the price is going to develop its decline below the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations, but then went upwards by the end of the week. We think EUR/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 open short trades from 1,2000. Place stop losses at 1,2150. Pay attention to the fact that this trade is of high risk as you are going to open positions in the opposite direction of the current market tendency.

GBPUSD



The currency pair shows intentions to cross 1,27100 level. If it happens, GBP/USD will change its tendency finally. You can try short trades with small volumes today as there is a high probability of this trend to change. However, remember that you are going to open positions into the opposite direction of the current tendency.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open short trades from 1,27200/300. Place stop losses at 1,27500. Those trades are of high risks.

AUDUSD



The currency pair is in the uptrend at the moment and we think it is good time for long trades. It has established new highs during the Asian session. If there is any opportunity, we advise to open trades from the MA55 balance line aiming 0,76200/300 area.

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

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

USDCHF



The currency pair tries to reverse its current tendency but it is still in neutral position. You can try long trades but they will be risky. If there is an opportunity, buy from the MA55 balance line. It is better to open trades before the American session.

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

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


Gold and Silver Technical Outlook June 27, 2017

GOLD (XAUUSD)



Gold declined considerably yesterday as there was a mistake, which provoked a short term downside tendency. However, we think that XAU/USD was likely to decline anyway from higher levels. There is the downtrend currently and we think it is a good idea 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. Gold continued its downside dynamics last week according to our expectations, but then went back in the upper direction. We think Gold is likely to develop its decline in the next couple of days.

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

SILVER (XAGUSD)



Silver declined yesterday following Gold. However, there is still no change in tendency. You can try short trades but those positions will be risky as there is no new trend established.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations but then went upwards by the end of the week. We think that XAG/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 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 June 28, 2017

EURUSD



The currency pair had a sharp growth yesterday after the European Central Bank Head’s comments that were unexpected for the market participants. Mario Draghi said that the ECB is going to cut stimulus step-by-step as the economic situation in the Euro zone becomes better. Market participants expect the European Central Bank to announce future monetary policy tightening in September or October. Those news lead to a considerable EUR/USD growth. As for short trades, they were closed by small stop losses. We have noticed yesterday that it was risky to sell.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair decline last week according to our expectations, but gained back its positions by the end of the last week. We think that EUR/USD is likely to develop its decline in the next couple of days.

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

GBPUSD



The currency pair was influenced by the falling USD after the ECB Head’s comments yesterday. Risky short trades were closed by small stop losses. We think that GBP/USD is likely to develop its growth today as USD continues to decline. The currency pair failed to break through 1,27100 level and the upside tendency resumed.

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

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

AUDUSD



The currency pair offered opportunity to open trades from the MA55 balance line by the end of the American Session. We do not recommend trading in those conditions, but if you opened positions, you may fix your profit partially and to place stop losses at breakeven level.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to hold long trades from the MA55 balance line aiming 0,76200.

USDCHF



The currency pair declined sharply after the ECB president’s comments on the probabilities of future monetary policy tightening. Risky long trades closed by small stop losses. The currency pair is now close to the lower side of the MA-channel and we give no recommendations today.

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

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


Gold and Silver Technical Outlook June 28, 2017

GOLD (XAUUSD)



Gold had some growth on Tuesday because of USD’s decline after Mario Draghi comments on future monetary policy tightening. ECB Head said that his organization is going to cut stimulus while there will be clear signs of economic situation improvement. Market participants expect the ECB to announce next cut step during their September or October meetings. Short trades closed with small stop losses. We think it is time to look for short trades from the trend line.

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

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

SILVER (XAGUSD)



Silver offered opportunities to sell according to our recommendations, but those trades closed by small stop losses. XAG/USD broke through the trend line on the Hourly chart. Silver is likely to continue its growth but this situation is disputable.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside dynamics last week according to our expectations, but then it reversed by Friday. We think XAG/USD is likely to resume its decline in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 29, 2017

EURUSD



The currency pair continued its growth yesterday after the Bank of England Head’s comments on the probability of the monetary policy tightening. We would like to remind you that previously the Head of the European Central Bank had also announced the probability of the monetary policy tightening. Market participants increased their activity and we expect for new trends.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations but then it moved upwards by Friday. We think that EUR/USD is likely to develop its decline in the next couple of days.

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

GBPUSD



The currency pair failed to offer trading opportunities as the price did not approach the MA55 balance line, resuming the sharp growth. The Head of the Bank of England announced yesterday the probability of the monetary policy tightening. It is to mention that previously the BoA head had opposite rhetoric. Market participants enjoyed those news by pushing EUR/USD and GBP/USD higher.

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

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

AUDUSD



AUD/USD closed long trades at breakeven level. The currency pair declined towards the MA55 balance line. We gave no recommendations as there was some opened trades already. However, there is still the uptrend and this tendency accelerates. We think it is time to look for long trades again.

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

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

USDCHF



The currency pair was trading almost without changes yesterday, but there was some bursts on the Bank of England’s Head comments. USD/CHF continued to decline during the Asian session towards the new lows of the week. European currencies are on demand after the central bank announcements.

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

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


Gold and Silver Technical Outlook June 29, 2017

GOLD (XAUUSD)



Gold failed to reach the trend line on the Hourly chart offering no trading opportunities. It is to mention, that XAU/USD was close to the trend line. If you had an opportunity to open trades, you could have some small profit.

European central banks still surprising markets as the Head of the Bank of England announced the probability of the monetary policy tightening right after the same announcement from the Head of the ECB. Those comments gave support to precious metals. We still wait for XAU/USD to bounce off the trend line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its downside dynamics last week according to our expectations, but then Gold returned to its previous positions by Friday. We think this precious metal is going to resume its downside dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver is growing as the trend line was crossed. Precious metals are still no so active in their upside tendencies regardless all the events. We think that Silver is likely to decline in the nearest future. The price is likely to grow towards 17,00 today.

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

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