MoneyOnComputer

[Adamant Finance]

Technical Outlook September 22, 2017

EURUSD



The currency pair established a downside tendency and approached the MA55 balance line. This is a good position for short trades, but we think that the correction is likely to reach 1,19800 level. You can try short trades right now but the stop loss should be placed upper than usually. We advise to lower the position size in order to manage your money and risks properly.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1,19500-1,19800 area. Place stop losses above those levels.

GBPUSD



The currency pair bounced off the MA55 balance line and you had an opportunity to fix your trades partially if you had opened short trades previously according to our recommendations. You could have about 400pips. GBP/USD had a sharp growth afterwards and has broken this unstable downside tendency. We think that it is a good idea to monitor the situation today and to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week and crossed strong resistance level. We think that GBP/USD is likely to develop a downside correction in the next couple of days.

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

AUDUSD



The currency pair developed its downside tendency after the Reserve Bank of Australia Head’s comments. He disappointed all those who believed in the probability of Interest Rates hike in the nearest future. The RBA Head says that his organization will follow the neutral position as long as possible. AUD/USD went downwards in this situation. We think that the currency pair will be under the pressure in the nearest future.

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

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

USDCHF



The currency pair declined towards the MA55 balance line and we think that it is time to look for long trades. However, the price is able to push even lower and to reach 0,96400-500 levels. We advise to wait until the price ends its downside move and to take decisions when it happens. We also advise to lower the size of your trading positions in order to minimize risks.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a significant growth last week according to our expectations. We think that USD/CHF 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 long trades from 0.96400-0,96700. Place stop losses below those levels.


Gold and Silver Technical Outlook September 22, 2017

GOLD (XAUUSD)



Gold failed to reach the MA55 balance line and developed its downside tendency yesterday. There was no opportunity to open short trades. We can see an upside correction currently, which is likely to reach the trend line on the Hourly chart. You can try selling Gold from those levels.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold reversed its tendency last week according to our recommendations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1305-1307 area. Place stop losses above the trend line.

SILVER (XAGUSD)



Silver declined yesterday and failed to reach the MA55 balance line offering no opportunities to sell. Today we have a correction which is able to last until the price reaches 17,10 level or trend line on the Hourly chart. It is up to you to choose whether to sell from 17,10 or from the trend line on the Hourly chart.

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

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

[Adamant Finance]

Technical Outlook September 25, 2017

EURUSD



The currency pair started a correction and went downwards even deeper than we had expected. It went below 1,19800. If you had opened short trades on Friday, they were closed by stop losses as the price went against forecasts for 250 pips which is too much for stop losses. Today we advise to pay attention to German IFO Business Climate data, which is likely to increase the volatility. It is better doing nothing at the moment 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 developed its downside correction last week according to our expectations. We think that EUR/USD is likely to develop its downside correction in the next couple of days.

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

GBPUSD



The currency pair is fluctuating within a wide range and we think GBP/USD is likely to decline moderately this week. There is no important data today and we think that the currency pair is likely to continue to fluctuate within this range without any changes.

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

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

AUDUSD



The currency pair had an upside correction on Friday and is above to resume its downside tendency in the nearest future. AUD/USD is in a good place for short trades now and we think it is a good idea to sell. It is better to aim close targets as there are no reasons for the currency pair to go deeper downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but failed as USD went upwards after the Federal Open Market Committee meeting. We think that AUD/USD is likely to develop its downside correction in the next couple of days.

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

USDCHF



The currency pair offered opportunities to open long trades from 0,96700, but if you placed an order, there was np chance to execute the trade. You could open positions manually, but the growth was moderate and it was hard to earn something in this situation. We advise to monitor charts today and to do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week frustrating our expectations. We think that USD/CHF is likely to develop this 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 as the situation is unclear.


Gold and Silver Technical Outlook September 25, 2017

GOLD (XAUUSD)



There was no opportunity to open trades according to our recommendations as the price failed to approach the trend line. The volatility was low and the price was able to approach the MA55 balance line. We advise to try opening short trades from 1300, 1302,000 on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed it downside tendency last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1300-1302,000. Place stop losses above the trend line.

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and we give the same recommendations today. Precious metals are still under the pressure as the Federal Open Market Committee is likely to hike Interest Rates on December.

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 correction in the next couple of days.

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

[Adamant Finance]

Technical Outlook September 26, 2017

EURUSD



The currency pair declined yesterday after the final release of the results of German elections. Merkel held her current position and her party has won the majority, but her positions are not as stable as they were before as ultra right party has gained more votes this time. It means that Merkel has to start negotiations with them. We don’t think that this situation is going to influence EUR/USD for long time. However, there is the downtrend currently as the price has broken through the trend line on the Hourly chart. It is better to look for short trades now.

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

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

GBPUSD



The currency pair shifted towards the lower side of the range according to our expectations. We think that GBP/USD is likely to develop its downside tendency. We think it is a good idea to look for short trades from the MA55 balance line. AS for the important events, we advise to pay attention to Yellen’s speech, which takes place in the end of the American session.

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

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

AUDUSD



The currency pair declined moderately as we had previously expected. You could earn not more than 300 pips if you had opened short trades from the MA55 balance line. There was no sense to hold trades more as the currency pair changed its tendency and it is in the neutral positions now. It is better to take no decisions now.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but USD went upwards after the release of the results of the Federal Open Market Committee meeting. We think that AUD/USD is likely to develop its correction in the next couple of days.

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

USDCHF



The currency pair went downwards as the tensions between the Northern Korea and the United States grow again. Swiss Franc is used as a shelter currency in this case and you can see it clearly on the chart. The currency pair is trying to establish a downside tendency and we think there is an opportunity to open short trades on the Hourly chart.

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

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


Gold and Silver Technical Outlook September 26, 2017

GOLD (XAUUSD)



Gold went upwards sharply because of the growth of tensions between the Northern Korea and the United States. The US President and the Minister of Foreign Policy of the Northern Korea exchanged some rough comments.

Precious metals went upwards as they used as shelter in times of geopolitical instability. Short trades from the trend line were closed by small stop losses. Gold has broken through the trend line on the Hourly chart and we think that the precious metal is going to change its tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold develop a downside tendency last week according to our expectations. We think that XAU/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 trades from the trend line or from the MA55 balance line. Place stop losses beyond those indicators.

SILVER (XAGUSD)



Silver offered an opportunity to open short trades according to our recommendations and you could protect your trades. It is better to avoid selling from the trend line as XAG/USD is changing its tendency. It is better to look for 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 developed its decline last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook September 27, 2017

EURUSD



The currency pair offered an opportunity to sell from the broken through trend line according to our recommendations. The price did not reach the line as such situations are rare for the market. There was no retrace and you could earn about 1000 pips. The currency pair is still under the influence of the German elections, which took place the last weekend.

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

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

GBPUSD



The currency pair offered opportunity to sell according to our recommendations. The price was close to the MA55 balance line and you had the chance to sell from there. If you opened those trades, you could earn about 1000pips. Janet Yellen protected her current plans to hike Interest Rates again and market participants expect the Federal Open Market Committee to tighten monetary policy again this year.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that GBP/USD is likely to 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 establishes a downtrend and you can try short trades today. There are no important events to influence fluctuations and we think that AUD/USD is likely to follow USD’s dynamics. We still think that the target should be small.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but failed to do it as the Federal Open Market Committee announced the probability of another Interest Rates hike this year. We think that AUD/USD is likely to develop its downside correction in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is 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 offered opportunities to open short trades from the MA55 balance line. If you entered the market, you could have small losses as USD/CHF failed to develop its downside tendency. The currency pair is in the neutral positions now. The tensions between the United States and the Northern Korea went down and we think that USD/CHF is likely to fluctuate according to the situation with USD. Is it better to do nothing today as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth 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 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 September 27, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open trades from the MA55 balance line. And from the trend line. In both cases you had no chance to win as there was no further upside tendency, but the price did enough to protect your trades. The Fed’s Head Yellen announced yesterday that the US Central Bank still consider the probability of Interest Rates hike this year. We give no recommendations as there is no tendency today.

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

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

SILVER (XAGUSD)



Silver offered an opportunity to buy from the MA55 balance line and those trades resulted in small losses. USD is on the uptrend now as the Federal Open Market Committee is likely to hike Interest Rates again this year. There is no tendency currently and we advise to do nothing.

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

There is 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 September 28, 2017

EURUSD



The currency pair developed its downside tendency yesterday as it is under the influence of the German Federal elections, which took part on Sunday. There is another reason for this downtrend – the Federal Open Market Committee has announced the probability of another Interest Rates hike this year. It is to mention that Interest Rates hike futures reached the 83% mark. However, yesterday we have seen the first signs of this tendency to slow down. We advise to be cautious when trading downwards.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is 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 declined yesterday during the Asian session and stopped its decline later. We think those are the signs that the downside tendency loses momentum. It is better to be cautious when trading downwards as you may catch a significant upside correction.

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

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

AUDUSD



The currency pair developed its decline yesterday and had an upside burst, but it was not enough to offer any trading opportunities. You can try to sell from the MA55 balance line today but we think that AUDUSD is likely to start a correction tomorrow. There is the probability that the correction is going to start today. You have to protect your trades in this case.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its upside tendency last week but failed as USD went upwards. We think AUD/USD is going to develop its downside correction in the next couple of days.

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

USDCHF



The currency pair continued to fluctuate without any clear tendency. The price is stable after the exchange of comments between the US and the Northern Korea. There is no clear tendency yet and we think it is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week frustrating our expectations. We think that USD/CHF is likely to develop this 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 September 28, 2017

GOLD (XAUUSD)



Gold developed its decline yesterday and established a downside tendency. Interest Rates hike odds increased and push Gold downwards. The Interest Rates hike futures reached 83% mark. This means that the market participants have no doubts that the Federal Open Market Committee is going to take the expected decision on December. We think that USD/CHF is likely to develop its decline. WE advise to open trades when the correction ends.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed downside correction last week according to our expectations. We think that XAU/USD is likely to continue its decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1288,000.

SILVER (XAGUSD)



Silver established a downside tendency and we think it is time to look for short trades from the MA55 balance line (if the price reaches this indicator). If Silver fails to make a correction before the American session, it is better to avoid trading.

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

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

[Adamant Finance]

Technical Outlook September 29, 2017

EURUSD



The currency pair ended its downside tendency yesterday and thwarted an upside correction. If you opened a short trade, this positions would close by a stop loss. As you know, no trend lasts forever. There is no tendency currently and we give no recommendations. There are no events on the way, that may change the market situation today.

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

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

GBPUSD



The currency pair started its correction yesterday. If you had short trades, whey were closed by stop losses. There is no tendency today and we give no recommendations. As for the important events, pay attention to the US consumer spending data, which will be released during the American session.

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

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

AUDUSD



The currency pair offered an opportunity to open short trades during the American session. You had an opportunity to protect positions during the Asian session. There is a probability of another downside momentum and we advise to leave trades for a while as they are protected and you will have no loss in case if the price goes against your forecasted direction. AS for the important events today, we advise to pay attention to the US consumer spending data, which is to be released during the American session.

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

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

USDCHF



The currency pair continued to fluctuate without any clear tendency. It is fluctuating within a range now. We give no recommendations, as there is no trend currently. We advise to pay attention to the US consumer spending data, which is to be released during the American session.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that USD/CHF is likely to develop this 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 September 29, 2017

GOLD (XAUUSD)



Gold offered an opportunity to sell from 1288,000 during the American session and you had a chance to protect your trades during the Asian session. There is downside tendency currently and we advise to hold those short trades as your positions are protected. As for the important events, we advise to pay attention to consumer spending data, which is to be release during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside tendency last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades from 1288,000.

SILVER (XAGUSD)



Silver approached the MA55 balance line in the beginning of the American session offering opportunities to sell according to our recommendations. The price declined enough to move stop losses at breakeven level. Later, stop losses triggered. There is no tendency currently and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its downside tendency last week according to our recommendations. We think that Silver 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.

[Adamant Finance]

Technical Outlook October 2, 2017

EURUSD



The currency pair developed its correction on Friday but is showing some signs of further decline today. EUR is under the pressure due to the events in Spain where there was a referendum on Sunday. Catalons announced their victory, but the Spanish government accuse them in breaching the law. It is hard to say now, what will be next and investors prefer to sell EUR. The main event for this week is the US Labor Market data. It is also recommended to pay attention to the US and UK ISM and PMI data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside tendency last week according to our recommendations. We think that EUR/USD is likely to develop its downside correction in the next couple pf 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 continues its correction but we think it is likely to develop its decline in the nearest future. WE think that GBP/USD is likely to start its downside tendency even today. The price is likely to cross 1,33500 level and you can take this opportunity. It is better to wait until the price crosses this level and open trades when GBP/USD will go back to retest it.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week according to our expectations. We think that GBP/USD is likely to develop its 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 today from 1,33500. Place stop losses above this level.

AUDUSD



The currency pair declined and you had an opportunity to take about 350 pips. It was enough to fix positions and to protect the others. However, we think that AUD/USD is likely to develop its decline and to provide you even with more money.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. 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 hold short trades from 0,78550.

USDCHF



The currency pair developed its neutral fluctuations within a small range on Friday. We think that USD/CHF is likely to develop some growth in the nearest future. However, there is no tendency currently and 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. The price was within a range last week according to our expectations. We think that USD/CHF is likely to develop its growth in the next couple of days.

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


Gold and Silver Technical Outlook October 2, 2017

GOLD (XAUUSD)



There was no profit in the trade if you had opened positions on Friday as short trades from 1288,000 were closed by stop losses. USD resumed its growth despite the fact that the US data on Friday was worse than expected. XAU/USD established new lows. We think that Gold is likely to develop its downside tendency in the next couple of days.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed a downside correction last week according to our expectations. We think that XAU/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 MA13. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver resumed its decline during the American session on Friday and continued its downside tendency today. There is the downtrend now and we think it is a good idea to look for short trades. We think that Silver has probabilities to resume its decline.

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

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

[Adamant Finance]

Technical Outlook October 3, 2017

EURUSD



The currency pair developed its moderate decline yesterday and established new lows during the Asian session. EUR/USD fluctuated in a range yesterday after its downside tendency during the Asian session. Eurozone PMI data was worse than expected and gave no support to EUR. Today we have similar situation as Asian session gives fuel to further fluctuations.

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

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

GBPUSD



The currency pair declined according to our expectations, but there was no retest of 1,33500 level and GBP/USD gave no opportunity to open trades. The UK PMI data was significantly weaker than expected and GBP went sharply downwards. We give no recommendations today as the price is close to the lower side of the MA55-channel.

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 GBP/USD is likely to develop its downside correction in the next couple of days.

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

AUDUSD



The currency pair fluctuates with no clear direction as the market participants are looking forward to see the results of the Reserve Bank of Australia meeting. Investors hope that the RBA head is going to make any hints on the probability of further monetary policy tightening in future. However, today the currency pair is likely to develop its decline towards 0,77400.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/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 hold short trades from 0,78550.

USDCHF



The currency pair established new highs during the Asian session and is able to develop its upside tendency in the nearest future. We think it is a god idea to look for long trades from the MA13 as this growth may be strong and sharp. We think that currency pair shows some signs of an upside tendency and the chances for those trades to have positive outcome are high.

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

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


Gold and Silver Technical Outlook October 3, 2017

GOLD (XAUUSD)



Gold offered opportunity to open trades from the MA13 according to our recommendations and stop losses triggered. We think that XAU/USD is likely to make a correction towards the MA55 balance line and then Gold is likely to resume its decline. This downside tendency may last for a couple of days. We advise to sell from the MA55 balance line or even higher.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is 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 offered opportunity to sell from the MA55 balance line and you could have 15 pips profit. It was enough to protect trades and to fix your positions partially. Precious metals are likely to start an upside correction today and we think it is a good idea to fix the rest of your positions or to leave them to chance.

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

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

[Adamant Finance]

Technical Outlook October 4, 2017

EURUSD



The currency pair had an upside correction yesterday and has broken its downside tendency. The MA-channel still looks downwards but the currency pair goes upwards and is far above the MA55 balance line. Today we advise to pay attention to the Eurozone PMI data as we think EUR/USD is likely to increase its volatility after the release of this data. We think that the currency pair is likely to fluctuate within a range 1,17000-1,18300.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction 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 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 fluctuated in a range yesterday and we think it is going to start its growth today. We expected GBP/USD to reach 1.33500 level. However, we give no recommendations as the global tendency on the Hourly chart is downside. Today we advise to pay attention to the UK Services PMI and we think that GBP/USD is likely to increase its volatility after this release.


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

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

AUDUSD



The currency pair failed to reach 0,77400 level and reversed sharply upwards. We think that USD is weak as the US Labor market data is to be released in the nearest future. Today we advise to pay attention to the US ADP Non-Farm Employment Change. This data is a sort of prelude to the Friday’s US Unemployment Rate and Non-Farm Employment change.

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

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

USDCHF



The currency pair offered opportunity to buy from the MA13 and there was a chance to take profit as the price went in the direction of forecasts. 120 pips was enough to move stop losses at breakeven level. However, later the currency pair declined towards the MA55 balance line and crossed it during the Asian Session. We think USD/CHF is likely to fluctuate within a range 0,96850-0,97850.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a range last week. 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 below the MA55 balance line. WE advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook October 4, 2017

GOLD (XAUUSD)



Gold failed to offer an opportunity to sell from the MA55 balance line as the price reached the indicator during the Asian session. We recommended to open short trades from the MA55 balance line or higher and we advise to open trades today from 1277,000. There is important US Labor market data today to be released. We think that this data is able to push Gold in the necessary direction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold had a downside correction last week according to our expectations. We think that the price 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 open short trades from 1277,000. Place stop losses above this level.

SILVER (XAGUSD)



Silver had a correction yesterday and we were right to recommend closing short trades yesterday. The price is close to the trend line and we think it is going to try to cross it In this case, we think that Silver is likely to change its tendency and there will be opportunities to buy from the trend line.

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

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

[Adamant Finance]

Technical Outlook October 5, 2017

EURUSD



The currency pair fluctuates above the MA55 balance line and has broken the downside tendency. EUR/USD went upwards yesterday during the Asian session but failed to develop this tendency as the Eurozone data was weaker than expected. We have noticed yesterday, that the currency pair was going to be trading within a range 1,17000-1,18300. We advise to pay attention to the European Central Bank meeting minutes, which are to be released during the European session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction 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 failed to grow yesterday and fluctuated within a limited range. We think that GBP/USD is likely to bounce off the trend line on the Hourly chart and is going to move towards 1,33500 level. IF this not happen today, we expected the currency pair to do it on Friday after the release of the US Labor Market data. We could recommend buying from the trend line, however, the MA-channel goes downwards.

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

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

AUDUSD



The currency pair fluctuated within a range yesterday. AUD/USD declined sharply after the Australian Retail Sales data. We think that USD is likely to increase its influence on the eve of the US Labor Market data release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/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 avoid trading today as the situation is unclear.

USDCHF



The currency pair established an upside tendency but failed to leave the range 0,96850-0,97850. We think that USD/CHF is likely to develop this tendency today. The only think that may change the situation is the release of the European Central Bank Meeting minutes.

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

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


Gold and Silver Technical Outlook October 5, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open trades according to our recommendations from 1277,000. However, those trades resulted in losses. The price went upper, than we had expected. The ADP data influenced the market, but the positions were closed at that moment. We think that Gold is likely to resume its decline today, but there is a probability, that Gold may fluctuate within a range on the eve of the US Labor Market data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold made a downside correction last week according to our expectations. We think that XAU/USD is likely to decline within a correction.

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

SILVER (XAGUSD)



Silver crossed the trend line and went back to it according to our recommendation. The price went upwards for 15 pips and it was enough to protect positions or to fix profit. The price went downwards later and the rest of the positions was fixed by stop losses. We think that Silver is likely to resume its decline today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. The price is likely to develop its correction in the next couple of days.

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

[Adamant Finance]

Technical Outlook October 6, 2017

EURUSD



The currency pair declined yesterday as the FED Interest Rates hike odds increase again. The European Central Bank’s meeting minutes had no surprises and had almost no influence on the price. USD went upwards as 88% of investors believe that the Federal Open Market Committee is going to hike Interest Rates on December. We advise to pay attention to today’s US Labor Market data. It is better to wait until the release of the US data before doing anything.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. WE think that EUR/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 take any decision after the release of today’s US Labor Market data.

GBPUSD



The currency pair has broken through the trend line and went downwards after the comments of the Bank of England MPC’s member. He said that the market participants had misunderstood the latest words of the head of the Bank of England on the probability of Interest Rates hike. The price went downwards. We advise to pay attention to today’s US Labor Market data, which is likely to increase volatility.

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

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

AUDUSD



The currency pair went downwards yesterday as USD goes upwards. USD growth is due to the increase of FED Interest Rates hike odds. We advise to pay attention to today’s US Labor Market data, which is able to increase volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside tendency last week according to our expectations. We think that AUD/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 trades after the US Labor Market data today.

USDCHF



The currency pair went above the uppers side of the trading range 0,96850-0,97850. This happened even before the US Labor Market data. We advise to pay attention to today’s US data, which is able to increase volatility.

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

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


Gold and Silver Technical Outlook October 6, 2017

GOLD (XAUUSD)



Gold declined yesterday according to our expectations. This happened due to the increase of the Interest Rates hike odds. The volume of investors, who believe that the Federal Open Market Committee is going to hike rates rose to 88%. We advise to pay attention to today’s US Labor market data.

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

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

SILVER (XAGUSD)



Silver failed to develop its decline yesterday. The price is close to 16,55 level, and is able to cross it after the release of today’s US Labor Market and Average Hourly Earnings data.

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

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

[Adamant Finance]

Technical Outlook October 9, 2017

EURUSD



The currency pair shows some signs of future reverse. The Friday’s US Labor Market data was mixed as the number of new jobs declined significantly but the Unemployment Rate declined as well. The Average Hourly Earnings data showed significant growth and reached 0,5%. This data is strong in a total and USD went upwards. However, market participants decided to sell USD by the end of Friday’s session as the US Non-Farm Employment data was significantly worse than expected. EUR/USD still establishes an upside tendency and we give no recommendations in this situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair is still under the pressure after the events of the last week. Some of the Bank of England’s Monetary Policy Committee members did comments on the probabilities of Interest Rates growth. They said that investors had misinterpreted the words of the Bank of England’s head. Another reason for GBP/USD to decline is a political situation in the United Kingdom as some political forces ask the prime minister to leave her position. We think that GBP/USD is likely to remain under the pressure in the next couple of days.

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 GBP/USD is likely to develop its decline in the nearest future.

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

AUDUSD



The currency pair is still under the pressure. We think that today it becomes clear whether AUD/USD is going to change its tendency or resume its decline. This will depend on USD mostly.

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

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

USDCHF



The currency pair offers opportunities to buy. You can try to open long trades aiming 700 pips profit from the current price. You will be able to fix profit in this area if everything goes according to our forecasts.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that USD/CHF 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 long trades from the MA55 balance line area. Place stop losses below the indicator.


Gold and Silver Technical Outlook October 9, 2017

GOLD (XAUUSD)



Gold shows the weakness of USD as the Friday’s US Non-Farm Employment Change data was worse than expected and significantly decline as compared to the previous meaning. However, the Average Hourly Earnings and the Unemployment Rate were better than expected. Market participants first pushed Gold downwards and then decided to buy Gold. The speed of fluctuations increased today during the Asian session and there is no opportunity to open trades today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a Doji, which is clearly seen close to the broken through trend line.

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 has crossed 16,55 level and declined significantly. However later the price went upwards and reached the weekly highs. XAG/USD has crossed the weekly highs today during the Asian Session and we think that Silver is likely to develop its upside tendency in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that Silver 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.

[Adamant Finance]

Technical Outlook October 10, 2017

EURUSD



The currency pair fluctuated within a limited range yesterday as it is going to change its tendency in the nearest future. EUR/USD went upwards today during the Asian session as USD continues to decline. We think that the US currency is going to be under the pressure this week. EUR/USD changes its tendency changes its tendency today and it is a good idea to look for long trades.

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

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

GBPUSD



The currency pair went upwards yesterday despite all the factors that may push GBP downwards. There was an opportunity to sell according to our recommendations, but those trades were unsuccessful as stop losses triggered. We advise to pay attention to important UK data today as it may help the currency pair to develop its growth.

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 GBP/USD I 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 has got some additional support during the Asian session due to the Australian data. The NAB index was better than expected as the final reading was stronger than the forecast. We can see that AUD/USD is trying to reverse its tendency, but it is still in the neutral position.

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

There is 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 developed its growth yesterday and it was enough to protect trades and fix them partially. USD/CHF failed to reach its target but the price develops a reverse pattern. There is no tendency currently and the currency pair is able to reverse today. We think it is time to look for risky short trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that USD/CHF 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 open short trades from the MA55 balance line area. Place stop losses above the indicator.


Gold and Silver Technical Outlook October 10, 2017

GOLD (XAUUSD)



Gold established an upside tendency yesterday but the price is far from the MA55 balance line. USD is under the pressure as the tensions between the Northern Korea and the United States grow again. In addition, United States and Turkey stopped to offer visas after Istanbul incident. We think that Gold is likely 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. XAU/USD developed its downside correction last week according to our expectations. We think that Gold is likely to trade Doji on the Weekly chart, which is close to the trend line.

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

SILVER (XAGUSD)



Silver developed its growth during the Asian session. It is hard to open trades as XAG/USD’s growth is aggressive. The price is far from the MA55 balance line. We think that XAG/USD is likely to develop its moderate growth today.

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

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

[Adamant Finance]

Technical Outlook October 11. 2017

EURUSD



The currency pair went upwards yesterday according to our expectations. There was an opportunity to open long trades according to our recommendations from the MA13. There was almost no retrace of price and you could earn about 400-500 pips without any problems. We think that EUR/USD is likely to start a correction towards the MA55 balance line today. As for the important data, pay attention to the Federal Open Market Committee meeting minutes, which are to be released during the American session.

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

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

GBPUSD



The currency pair went upwards thanks to the better than expected UK Manufacturing data. The market participants are going to pay attention to today’s Federal Open Market Committee meeting minutes, which are to be released during the American session. We think that GBP/USD is likely to start a correction in the nearest future.

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

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

AUDUSD



The currency pair established an upside tendency yesterday, but it is still too weak and the price is fluctuating within a range now. The currency pair went upwards today, during the Asian session, establishing new weekly highs, but then gave up all positions. We think that this situation indication on the probability of a reverse and today the currency pair is likely to resume its decline.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to 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 according to our recommendations. The price approached the MA55 balance line offering opportunities to sell and then went downwards. Your eventual profit could reach 300-500 pips if you had opened trades. Today market participants are going to pay attention to the US Federal Open Market Committee meeting minutes.

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

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


Gold and Silver Technical Outlook October 11, 2017

GOLD (XAUUSD)



Gold went upwards according to our expectations. It was difficult to open trades as there was almost no retraces. We expect XAU/USD to make another upside burst and then to reverse its tendency downwards. Gold also may start to decline right now. The market participants are going to pay attention to the Federal Open Market Committee meeting minutes release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a doji, which is close to the trend line.

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

SILVER (XAGUSD)



Silver went upwards yesterday but it was almost impossible to open trades as there was no retraces. Silver develops its upside tendency for three days in a row and is likely to change it today as there is a probability of a correction.

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

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

[Adamant Finance]

Technical Outlook October 12, 2017

EURUSD



The currency pair developed its growth yesterday frustrating our correction expectations. EUR/USD is in the uptrend now and it has already done the growth, we had expected. We think that the currency pair is likely to start a deeper correction today. However, we can not give any recommendations as it is better to avoid selling during the uptrend. As for the yesterday’s Federal Open Market Committee meeting minutes release, opinions were divided on the probability to the Interest Rates hike on December. This fact allowed EUR/USD to develop its upside tendency.

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

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

GBPUSD



The currency pair had an expected correction yesterday and resumed its growth. There was an opportunity to buy from the MA55 balance line, but we advise to avoid trading due to the release of the Federal Open Market Committee meeting minutes. FOMC members’ opinions were divided allowing GBP/USD to resume its growth. The currency pair develops its uptrend during the Asian session and we think it is likely to reach 1,32650. When the price touches this level, GBP/USD may start a correction. We give no recommendations again.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards according to our 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair continued to fluctuate within a limited range yesterday. The Federal Open Market Committee meeting minutes were unable to make any changes. The price is going towards the weekly highs today during the Asian session after the better than expected Australian data. However, this upside tendency is still weak and we give no recommendations as it is risky to buy.

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

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

USDCHF



The currency pair developed its decline yesterday and had almost no changes during the release of the Federal Open Market Committee meeting minutes release. We gave no recommendation as it was risky to open trades on the eve of the FOMC meeting minutes release. In addition, there was no opportunities to sell. There is no large space to decline and we think it is a good idea to do nothing today.

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

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


Gold and Silver Technical Outlook October 12, 2017

GOLD (XAUUSD)



Gold was trading in a small range yesterday as the market participants waited for the Federal Open Market Committee meeting minutes release. The price went a bit upper after the release as the FOMC members’ opinions were divided. Now investors are going to pay much attention to the CPI data. We advise to pay attention to today’s PPI data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a doji, which is close to the trend line in the next couple of days.

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

SILVER (XAGUSD)



Silver failed to decline yesterday frustrating our expectations, but there was no significant growth neither. The current pattern indicates on the probability of this upside tendency to be developed. You can 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 developed its decline last week according to our expectations. We think that XAG/USD is likely to resume its growth in the next couple of days

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

[Adamant Finance]

Technical Outlook October 13, 2017

EURUSD



The currency pair started an expected correction yesterday and its future depends on today’s US Consumer Price Index and Retail Sales data. Those releases are the most important for the moment as they are going to influence the Federal Open Market Committee December’s decisions on the Interest Rates. We think that the price is likely to decline towards 1,18000 before the release.

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

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

GBPUSD



The currency pair reached 1,32650 and then reversed sharply according to our expectations. GBP/USD went upwards and reached previous levels then. Those wide range fluctuations were due to the negotiations between the United Kingdom and the European Union on the Brexit issues. This upside tendency is the results of the higher Interest Rates growth odds in Great Britain. Investors think that the Bank of England is likely to hike Rates on November. We give no recommendations for trading at the moment.

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 GBP/USD is likely to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair’s growth becomes stronger and you can look for long trades from the MA55 balance line. However, Today’s US Consumer Price Index and Retail Sales data may change the situation significantly. We think that everything indicates on the probability of further growth. However, if you have any live trades, we advise to protect them before the release of the US data.

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

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

USDCHF



The currency pair started its upside correction yesterday. There is no tendency currently. USD/CHF’s fluctuations depends on the US Consumer Price Index and Retail Sales data today. We think that USD/CHF is likely to remain in the limited range on the eve of those releases.

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

There is the uptrend 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 October 13, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open long trades according to our recommendations from the MA55 balance line. However, XAU/USD slows down its growth and we think Gold is likely to reverse its tendency during the American session after the release of the very important US Consumer Price Index and Retail Sales data. The last influences inflation as well. We think it is a good idea to close long trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside tendency last week according to our recommendations. WE think that XAU/USD is likely to work a doji, which is close to the trend line.

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

SILVER (XAGUSD)



Silver offered an opportunity to open trades according to our recommendations and it is time to protect you trades and to fix positions partially. It is better to do it before the American session as the US Consumer Price Index and Retail Sales data may change the situation crucially. It is better to have small profit than to lose all.

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

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

[Adamant Finance]

Technical Outlook October 16, 2017

EURUSD



The currency pair declined on Friday towards 1,18000 before the release of the US Consumer Price Index and Retail sales data. Both of those indicators were disappointing and the price went upwards. Later on Friday EUR/USD went downwards again. The currency pair is trying to change its tendency and the price is below the MA55 balance line. We think that EUR/USD is likely to develop its downside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that 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.

GBPUSD



The currency pair aims to grow but has some difficulties to cross the trend line on the Hourly chart. GBP/USD tried to break through this trend line area on Friday, but failed to do it. The Bank of England’s head has told on Friday, that the Interest Rates growth is possible in the next couple of month. This gives additional support to the currency pair and we think GBP/USD is likely 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 failed to decline frustrating our expectations and went upwards. We think that GBP/USD is likely to start a downside tendency in the next couple of days.

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

AUDUSD



The currency pair failed to offer opportunities to open long trades as it is was far from the MA55 balance line. However, it shad some significant growth after the release of the US Consumer Price Index and Retail Sales data.

We think that AUD/USD is likely to develop its growth on the strong Australian data. There is an important Australian RBA meeting minutes release. We advise to pay attention to the Australian PMI data on Wednesday and Labor Market data on Thursday. All those releases are expected to meet expectations or to be even higher.

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

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

USDCHF



The currency pair still fluctuates without any clear direction. However, we think that USD/CHF prepares itself to make an upside burst in order to break through the trend line on the Weekly chart. WE think that the currency pair is likely to speed up its growth after this event. However, there is no tendency currently and we advise to do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. WE think that USD/CHF is likely to break through the trend line 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 October 16, 2017

GOLD (XAUUSD)



Gold developed its growth after Friday’s US Consumer Price Index and Retail Sales data. This release disappointed investors and XAU/USD has got additional support. We advised to close long trades as the result may be different. However, now it is a good idea to look for long trades at the end of corrections.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold worked Doji according to our expectations last week. 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 open long trades from the MA55 balance line. Place stop losses below the indicator.

SILVER (XAGUSD)



Silver developed its growth after the disappointing data on Friday. This data offered opportunities for precious metals to develop their growth. However, we think that Silver needs a correction before its further upside tendency and we think it is going to reach the MA55 balance line.

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

There is 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 October 17, 2017

EURUSD



The currency pair approached the MA55 balance line yesterday offering opportunities to sell according to our recommendations. Today we also recommend looking for short trades if the price gets closer to the MA55 balance line. As for the important events, we advise to pay attention to Eurozone Consumer Price Index data as well as to the German ZEW Economic Sentiment.

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

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

GBPUSD



The currency pair offered an opportunity to buy in the beginning of the European session and the price entered the profit area for 400pips. It was enough to fix positions partially and to protect the rest. WE advise to pay attention to today’s UK Consumer Price Index data, which may become a driver for further fluctuations. There is no tendency currently and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week frustrating our expectations and went upwards. 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 has a very active correction and the price is below the MA55 balance line. This cancels temporary the upside tendency. It is better to wait until the price is back above the MA55 balance line at least. If you had opened long trades according to our recommendations, you could have small losses now. Today’s Australian Reserve Bank meeting minutes are likely to give the additional support to AUD/USD.

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

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

USDCHF



The currency pair still goes no direction and fluctuates within a tight range. USD/CHF is a shelter now. It shows any tendency in the moments of geopolitical events.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a downside tendency last week according to our expectations. We think that USD/CHF is likely to cross the trend line 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 October 17. 2017

GOLD (XAUUSD)



Gold corrected downwards yesterday, but this correction was deeper than we had expected. Long trades from the MA55 balance line closed by stop loss. There is no tendency currently and we give no recommendations at the moment. We expected the price to resume its upside tendency in the nearest future. European data today is unlikely to have significant impact on fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold worked doji last week according to our recommendations. We think that XAU/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.

SILVER (XAGUSD)



Silver declined below the MA55 balance line following Gold. If you had opened long trades according to our recommendations, you could have small losses now. We do not think that precious metals are going to develop a downside tendency. However, we think that today everything becomes clear.

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

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

[Adamant Finance]

Technical Outlook October 18, 2017

EURUSD



The currency pair failed to reach the MA55 balance line unfortunately and there was no opportunities to open trades according to our recommendations. However, EUR/USD went downwards and you were not able to sell even from the MA13. Eurozone data supported this downside tendency as Inflation showed no increase in speed and the ZEW Economic Sentiment Index was worse than expected. We think that today you can try to sell from the MA55 balance line. As for the important events, we advise to pay attention to the European Central Bank members’ comments.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that 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. Place stop losses above the indicator.

GBPUSD



The currency pair declined sharply as the UK Consumer Price Index data met the expectations. This data was a day driver for GBP/USD. The currency pair changed its tendency and it is time to look for short trades now. As for the important data for today, we advise to pay attention to the UK Labor Market and Average Earnings data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week and went upwards. We think that GBP/USD is likely to develop a downside tendency in the next couple of days.

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

AUDUSD



The currency pair failed to go above the MA55 balance line and to restore the upside tendency. The price is below the MA55 balance line and we think that AUD/USD is likely to develop a downside tendency in the nearest future. We advise to look for short positions today.

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

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

USDCHF



The currency pair tried to break through the trend line on the Weekly chart. USD/CHF is in the uptrend now and we see no clear attempts to hold this line. We think that the currency pair is likely to cross this trend line today or tomorrow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that USD/CHF is likely to break through the trend line 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 buy from current levels. Place stop losses below the indicator. As for the targets, they will be significant. We advise to open trades now and hold the positions.


Gold and Silver Technical Outlook October 18, 2017

GOLD (XAUUSD)



Gold developed its downside tendency yesterday. The price failed to reach even the MA13. We do not think that the price is able to resume its growth in the nearest future and it is better to look for short trades. In addition, XAU/USD has reversed its tendency. We advise to pay attention to today’s US data as it may have impact on Gold fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD worked a doji last week according to our expectations. We think that XAU/USD is likely to develop some 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 positions from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver developed its downside tendency as well frustrating our expectations. We advise to look for short trades only as this decline may continue in the nearest future.

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

There is the 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 October 19, 2017

EURUSD



The currency pair failed to approach the MA55 balance line offering no opportunities to open short positions. EUR/USD established new weekly lows instead. The currency pair went upwards towards the MA55 balance line afterwards but it was risky to open any position as EUR/USD had a considerable decline previously. The currency pair’s growth is due to weak US data. Investors will pay attention to the next portion of the US data today as there is no important releases in Eurozone. The price crossed the MA55 balance line and resides above the indicator at the moment. We think that EUR/USD is likely to change its tendency in the next couple of days.

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

There is the downtrend on the Hourly timeframe 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 fluctuated in both directions due to the mixed UK Labor Market data. However, GBP/USD established new weekly lows and returned back. There is another portion of the UK Retail sales data today. We expect the currency pair to have a significant reaction on this release if it is far from forecasts. The price is above the MA55 balance line and we think GBP/USD is likely to change its tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week and went upwards. We think that GBP/USD is likely to develop a downside tendency in the next couple of days.

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

AUDUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line. There was an opportunity to earn about 300 pips or to protect trades partially. AUD/USD went sharply upwards after the release of the Australian Labor Market data, which was better than expected. There was an opportunity to buy, however, we advise to wait until the uptrend comes into play.

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

There is 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 has made an attempt to cross the trend line on the Weekly chart but failed to do it. If you had managed to open trades before 0,97880, you could protect your positions already. There are still chances that the currency pair is going to break through the trend line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that USD/CHF is likely to cross the trend line on the Weekly chart 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 0,97760-0,97880 aiming 0,99000.


Gold and Silver Technical Outlook October 19, 2017

GOLD (XAUUSD)



Gold developed its downside tendency and approached the MA13. However, it was hard to open trades in this position and we gave recommendations to sell from the MA55 balance line. The price avoid to reach the MA55 balance line and there was no opportunity to sell. The speed of this downside tendency is rather high and we think XAU/USD is likely to develop its decline today.

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

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

SILVER (XAGUSD)



Silver slows down its decline but fail to reach the MA55 balance line. There are some supports, that are hard to cross and we think XAG/USD is likely to continue to slow down its downside tendency.

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

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

[Adamant Finance]

Technical Outlook October 20, 2017

EURUSD



The currency pair went upwards yesterday as USD is under the pressure now. There are hints that the next Federal Open Market Committee head may be dovish and this may change expectations on the Interest Rates hike probabilities. Investors are likely to pay more attention to USD today as there is no important releases in Eurozone.

There is the uptrend on the Weekly chart AS the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. 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. We advise to open long positions from the MA55 balance line. Place stop losses below the indicator.

GBPUSD



The currency pair declined yesterday as the UK Retail Sales data was worse than expected. GBP/declined against USD despite the fact that the other currencies went upwards. However, we think that GBP is likely to make some attempts to change its tendency if USD continues to decline.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline frustrating our expectations and went upwards. 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 has changed its tendency and goes upwards now. However, we can see that this new upside tendency is modest. AUD/USD had several attempts to decline during the Asian session and even went below the MA55 balance line. We give no recommendations in this situation as it is unclear whether AUD/USD goes upwards or not.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to 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 avoid trading today as the situation is unclear.

USDCHF



The currency pair left its attempts to cross the trend line on the Weekly chart and declined. All long positions from 0,97760-0,97880 were closed at breakeven level. Our attempt to earn on the breakthrough of the trend line failed. However, investors try to cross the trend line today, during the Asian session. It is not still clear whether they succeed or not.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to break through the trend line 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 October 20, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short positions according to our recommendations from the MA55 balance line and the price entered the profit area for 2300 pips (according to trading platform). It was enough to protect trades by placing stop loss at breakeven level. Later XAU/USD crossed the MA55 balance line and fluctuated above the indicator. There is no tendency currently and we give no recommendations in this situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold worked a doji last week according to our expectations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver offered an opportunity to sell from the MA55 balance line according to our recommendations and the price was in the profit area as well. It was enough to protect trades by moving stop losses at breakeven level. Later Silver develop its upside tendency and changed the trend.

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

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

[Adamant Finance]

Technical Outlook October 23, 2017

EURUSD



The currency pair offered an opportunity to open long positions on Friday from the MA55 balance line. The price was in the profit area for 200 pips and it was enough to protect trades by moving stop losses at the breakeven level. However, EUR/USD declined significantly on Friday as the budget project was finally adopted in the United States. We think that the main event for the currency pair is the European Central Bank meeting, which takes place on Thursday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week and declined by Friday according to our expectations. We think that EUR/USD is likely to To develop its downside tendency in the next couple of days.

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

GBPUSD



The currency pair had a significant growth on Friday and changed its tendency. We thought that GBP/USD is going to establish the uptrend but USD’s growth canceled this scenario. The main event for this week is the UK advanced GDP data. We think that it is a good idea to refuse trading as there is no tendency and 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 that GBP/USD is likely to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair changed its tendency on Friday again and we give no recommendations in this situation. Important Australian data is expected to be released on Wednesday and investors are likely to pay more attention to USD before Australian data. We think that AUD/USD is likely to go downwards today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our growth expectations. We think that 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 today as the situation is unclear.

USDCHF



The currency pair crossed finally the trend line on the Weekly chart. This allows USD/CHF to develop its upside tendency in the nearest future. Naturally, we do not expect the currency pair to go upwards right now and the price is likely to decline towards the broken through trend line in order to test it. WE think that the currency pair is likely to start its upside tendency after this test. Anyway, we advise to look for long positions only.

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

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


Gold and Silver Technical Outlook October 23, 2017

GOLD (XAUUSD)



Gold declined on Friday but this downside tendency was moderate. There is no trend currently but there are some attempts to push Gold downwards. Those attempts may result in a downside tendency if Gold remains below last week’s lows We think it is a good idea to try short positions from the MA13, but the risks are too high.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations but failed to return to its previous positions. We think that XAU/USD is likely to develop its moderate 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 positions from the MA13. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver failed to develop its upside tendency on Friday and is in the neutral positions now. Silver failed to establish new lows as well but we think XAG/USD is going to do it in the nearest future. We give no recommendations now as there are lack of signs to place good orders. We advise to monitor the situation 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. We think that XAG/USD is likely to develop its moderate decline in the next couple of days.

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

[Adamant Finance]

Technical Outlook October 24, 2017

EURUSD



The currency pair went downwards yesterday and is likely to accelerate its decline today. Investors are going to pay attention to today’s German, France and Eurozone PMI as well as the US ISM data. Those events are likely to increase volatility at least and will be the driver for today’s fluctuations. We think it is a good idea to look for short positions along the downtrend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week and decline by the end of Friday according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.

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

GBPUSD



The currency pair fluctuated in a tight range on Monday as there was no important data and events. There are no important UK data and events today neither. We think that investors are going to pay more attention to today’s US data and this event is going to be the main driver for GBP/USD. There is no tendency currently and we advise to avoid trading 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 that GBP/USD is likely to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair fluctuated in a tight range but we can see a clear tendency and it is time to look for trades. AUD/USD is likely to decline further today but tomorrow we think the currency pair is likely to increase its volatility due to the Australian CPI data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our growth expectations. 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 open short positions from the MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair approached the trend line twice and we think it is time to look for long trades. We think that USD/CHF is likely to start is upside tendency in the nearest future as it has tested the trend line twice.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair crossed the trend line last week according to our expectations. We think that USD/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 positions from the MA55 balance line area. Place stop losses below the indicator or broken through trend line.


Gold and Silver Technical Outlook October 24, 2017

GOLD (XAUUSD)



Gold offered an opportunity to sell from the MA13 according to our recommendations. However, the downside tendency failed to develop. The price was in the profit area and you could protect trades by moving stop loss at breakeven level. Gold still holds its downside tendency, but it is better to avoid trading today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations but then went upwards. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver continues to fluctuate with no clear tendency and established new weekly lows. We think that Silver is able to develop its downside tendency in the nearest future. We advise to do nothing today as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week and failed to return to its previous positions frustrating our expectations. We think that CXAG/USD is likely to develop its moderate downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook October 25, 2017

EURUSD



The currency pair offered an opportunity to open sort positions from the MA55 balance line during the Asian session. Those trades were closed at breakeven level. However, if you opened those positions later, you could have negative result. The volatility is not large as investors are looking forward to see the results of the European Central Bank meeting, which takes place on Thursday. It is better to do nothing before the event as it is unclear whether Mario Draghi is going to support or push EUR downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week but declined moderately by the end of Friday. We think that EIUR/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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair established a downside tendency and we think it is time to look for short trades. However, investors will pay attention to today’s Advanced GDP data for the third quarter and you can try to sell in case if this data is worse than expected. If Advanced UK GDP shows better results, the price may go upwards.

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 GBP/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades if the US GDP data is worse than expected. Stop loss should be 200 pips far from the strike price.

AUDUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. The price was in the profit area and you could earn about 500 pips. It was better to fix positions on the eve of today’s Australian CPI data. If you failed to close those trades, you could earn even more as the price made another 500 pips after the Australian data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our growth expectations. We think that AUD/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 avoid trading today as the situation is unclear.

USDCHF



The currency pair offered an opportunity to buy from the MA55 balance line according to our recommendations. You could have about 700 pips profit and it was enough to fix trades during the American session or Asian session, as we think that USD/CHF has done its growth for the current week.

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

There is the 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 October 25, 2017

GOLD (XAUUSD)



Gold declined yesterday and accelerated its downside tendency. We think you can try to open short positions from the MA55 balance line. However, there is a wide range of data today, which is able to influence precious metals fluctuations. We advise to pay attention to the US data. We recommend opening short positions in case if there is any opportunity.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations but then returned upwards. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver develops its downside tendency and we think it is time to look for short positions. The price is close to the 16,85 level and if it brakes it through, XAG/USD is likely to develop its downside tendency. However, the price may continue to decline without visiting the MA55 balance line.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is 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 October 26, 2017

EURUSD



The currency pair went upwards yesterday on the eve of the European Central Bank meeting, which takes place today. Investors expect the ECB to announce monetary policy tightening by cutting stimulus from 60 to 30 billion euro. This is what market participants expect from the ECB meeting. If this happens, we think EUR/USD is likely to develop its growth. We give no recommendations today as technical analysis does not work properly. It is better to monitor and to act according to situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had no clear direction last week and declined by the end of Friday according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.

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

GBPUSD



The currency pair went upwards sharply yesterday after the Advanced UK GDP data, which had better results than expected. There was no sense to open short positions in that situation. The currency pair changes its tendency and we think that there will be opportunities to open long positions tomorrow.

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 GBP/USD is likely to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair declined yesterday as the Australian CPI data was worse than expected. Investors do not believe that the Australian Reserve Bank is going to hike Interest Rates in the nearest future. WE give no recommendations today as the price is far 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 declined last week frustrating our growth expectations. We think that 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 today as the situation is unclear.

USDCHF



The currency pair is likely to go downwards in the nearest future as investors will pay attention to the European Central Bank meeting. We give no recommendations nevertheless as there is the uptrend currently. If the ECB avoid to announce the monetary policy tightening, we think that USD/CHF is likely to continue its growth. We advise to act according to situation.

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

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


Gold and Silver Technical Outlook October 26, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades from the MA55 balance line according to our recommendations. The results of those trades depended on the stop losses distance and the manner you have entered the market. If you did it manually, you had a chance to avoid losses. There is no tendency currently and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations, but failed to return to its previous positions. WE think that XAU/USD is likely to develop its moderate 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.

SILVER (XAGUSD)



Silver offered an opportunity to open short trades from the MA55 balance line according to our recommendations. Those trades resulted in small losses as stops triggered. The price failed to pass 16,85 level and we think XAG/USD is likely to start an upside tendency. We give no recommendations as there is no tendency currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week but failed to return upwards frustrating our expectations. We think that XAG/USD is likely to develop its moderate decline.

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

[Adamant Finance]

Technical Outlook October27, 2017

EURUSD



The currency pair declined sharply yesterday after the release of the European Central Bank decision, which disappointed investors. Market participants expected the ECB to cut its stimulus programme from 60 to 30 billion Euro, but this did not happen. Moreover, The European Central Bank is going to continue its easy monetary policy until 2018. The main event for today is the release of Advanced US GDP data, which is likely to shake the markets.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week and declined by the end of Friday according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.

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

GBPUSD



The currency pair declined with the same speed it went upwards earlier. We have no tendency currently. GBP/USD fluctuations will depend on the results of the US Advanced GDP data.

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 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair failed to approach the MA55 balance line and there was no opportunity to open trades. AUD/USD went downwards during the American session as USD has got some support. USD’s growth is due to the European Central Bank decision to hold current monetary policy without changes until at least September 2018. We give no recommendations today as the price is far from the MA55 balance line.

There is the uptrend on the Weekly as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our growth expectations. We think that 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 today as the situation is unclear.

USDCHF



The currency pair resumed its growth yesterday as the European Central Bank’s decision disappointed market participants’ expectations. There was an opportunity to open long positions from the MA55 balance line. You can open long positions now and take a small profit. Today investors are going to pay attention to the US Advanced GDP data.

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

There is the 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 October 26, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades from the MA55 balance line according to our recommendations. The results of those trades depended on the stop losses distance and the manner you have entered the market. If you did it manually, you had a chance to avoid losses. There is no tendency currently and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations, but failed to return to its previous positions. WE think that XAU/USD is likely to develop its moderate 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.

SILVER (XAGUSD)



Silver offered an opportunity to open short trades from the MA55 balance line according to our recommendations. Those trades resulted in small losses as stops triggered. The price failed to pass 16,85 level and we think XAG/USD is likely to start an upside tendency. We give no recommendations as there is no tendency currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week but failed to return upwards frustrating our expectations. We think that XAG/USD is likely to develop its moderate decline.

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

[Adamant Finance]

Technical Outlook October 30, 2017

EURUSD



The currency pair declined after the better than expected US GDP data. Advanced GDP data shows some growth and its results allowed USD to develop its growth. USD’s attraction will rise after such a statistics as this data may also influence the Federal Open Market Committee decision on December. The European Central Bank is going to continue its stimulus for long time. The main data for the currency pair to follow this week is the Eurozone GDP and the US Labor Market and Average Hourly Earnings.

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 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 expect the currency pair de return towards the MA55 balance line today.

GBPUSD



The currency pair is almost ready for further downside tendency but we think that if the Bank of England decides to hike Interest Rates, GBP/USD will go upwards. It is better to do nothing before Thursday. However, if the Bank of England is not going to hike Interest Rates, the currency pair is likely to break through the trend line on the weekly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency par declined last week according to our expectations. We think that GBP/USD is likely to break through the trend line on the Weekly chart and accelerate its downside tendency in the next couple of days.

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

AUDUSD



The currency pair continues to decline but made a pause on Friday. Nothing prevents AUD/USD from resuming its decline today. There are several important releases this week that may influence the currency pair. However, we think that AUD/USD is likely to develop its downside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that 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 close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair established new tops on Friday. Advanced US GDP data was better than expected and supported USD. However, USD/CHF corrected in the end of Friday. We expect the currency pair to develop its upside tendency after a brief correction.

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

There is the 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 October 30, 2017

GOLD (XAUUSD)



Gold had no significant moves last week. However, we think it is going to change its fluctuations in the nearest future. XAU/USD can not go upwards for a long time and we think this may lead to further decline. There are several important events for Gold this week – the Bank of England’s meeting and the US Labor Market data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations. WE think that XAU/USD is likely to develop its moderate downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver approached the MA55 balance line on Friday and there was no sense to open trades. We think that it is a good idea to look for short positions from the MA55 balance line today. However, do not expect significant moves from Silver today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. WE think that XAG/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 MA55 balance line.

[Adamant Finance]

Technical Outlook October 31, 2017

EURUSD



The currency pair returned towards the MA55 balance line and is able to continue its correction growth today. This is likely to happen if the Eurozone data is better than expected. Today market participants are going to pay attention to the Eurozone CPI, Labor Market and GDP data. Current tendency is changing, but it still looks downwards and we give no recommendations.

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 develops 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair went upwards yesterday as market participants are expecting the Bank of England to hike Interest Rate. The BoA meeting is scheduled for Thursday. We think that GBP/USD is likely to develop its growth today, but this upside tendency may be less active than it was on Monday.

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 GBP/USD is likely to break through the trend line on the Weekly chart and is going to accelerate its downside tendency in the next couple of days.

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

AUDUSD



The currency pair offered an opportunity to sell yesterday from the MA55 balance line and stop losses triggered. AUD/USD is fluctuating with no clear direction and we give no recommendations. Australian data was weak and we give no recommendations.

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 AUD/USD is likely to develop its downside tendency in the next couple of days.

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

USDCHF



The currency pair offered an opportunity to open long positions from the MA55 balance line. The price was in the profit area for 250 pips. It was enough to protect trades or to fix positions partially. You had an opportunity to move stop loss at breakeven level. USD/CHF continues its correction and we advise to avoid long positions as there is no tendency currently.

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

There is 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 October 31, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short positions from the MA55 balance line and the price was in the profit area. It was enough to protect trades and to move stop loss at breakeven level. There is no tendency currently as market participants are waiting for the Federal Open Market Committee meeting results.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations. 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 today as the situation is unclear.

SILVER (XAGUSD)



Silver offered an opportunity to open short positions but stop losses triggered. There is no tendency currently and we recommend avoiding trading. The price is within a tight range for a couple of weeks.

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

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

[Adamant Finance]

Technical Outlook November 1, 2017

EURUSD



The currency pair established new weekly highs but the upside tendency was moderate. EUR/USD fluctuated in a tight range yesterday as the market participants are waiting for the Federal Open market Committee meeting today. Investors do not expect the Fed to change its monetary policy today. However, market players are looking forward to hear the Fed head’s comments on the probability of Interest Rates hike on December. If Janet Yellen is going to make hints on those probabilities, USD may get additional support.

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 downside tendency in the next couple of days.

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

GBPUSD



The currency pair went upwards yesterday as the European Union is ready to accelerate the negotiations on Brexit. However, the main event for today is the Federal Open Market Committee meeting which is able to increase volatility significantly. Market participants are looking forward to hear Janet Yellen’s comments.

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 GBP/USD is likely to break through the trend line and accelerate its downside tendency in the next couple of days.

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

AUDUSD



The currency pair developed its decline yesterday after the weaker than expected Australian data. The situation today is the same as the Australian data is worse than forecasted again. WE think that AUD will be under the pressure 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 that AUD/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 avoid trading today as the situation is unclear.

USDCHF



The currency pair seems to end its downside correction and we think it is going to go upwards in the nearest future. However, there is no trend currently and it is risky to open positions now. We think it is a good idea to wait until the release of the results of the Federal Open Market Committee meting today.

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to open long trades but after the release of the results of the FOMC meeting.


Gold and Silver Technical Outlook November 1, 2017

GOLD (XAUUSD)



Gold continues its range fluctuations and it is in the neutral positions right now. We think that there is a probability of a sharp volatility growth after the release of the results of the Federal Open Market Committee meeting. However, everything depends on the results of this event. Technical analysis indicates on the probability of further decline. However, the results of the meeting may break any technical pattern. This is why we advise to wait until the end of the event and then to take any decision according to the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. 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 below the MA55 balance line. We advise to open positions after the end of the FOMC meeting.

SILVER (XAGUSD)



Silver is ready to decline but everything depends on the results of the FOMC meeting. We advise to wait until the end of the event in order to take any decision.

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

There is 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 November 2, 2017

EURUSD



The currency pair had moderate fluctuations yesterday after the release of the results of the Federal Open Market Committee meeting. The Fed left the Interest Rate unchanged according to our expectations and made no comments on the probability of further Interest Rates hike on its next meeting, which is placed for December. Market participants are going to pay more attention to the US Labor Market data which is to be released on Friday.

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 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 had a correction yesterday after the release of the results of the Federal Open Market Committee meeting. Market participants are likely to pay more attention to today’s Bank of England meeting as this governmental body is expected to hike rate. Those expectations give support to GBP/USD for a couple of days already.

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 GBP/USD is likely to cross the trend line and 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 today. Place stop losses below the indicator.

AUDUSD



The currency pair is growing after the stronger than expected Australian data. AUD/USD is likely to develop this upside tendency today as USD goes downwards. However, we give no recommendations as there is no trend currently.

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 AUD/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 avoid trading today as the situation is unclear.

USDCHF



The currency pair stopped its growth after the release of the results of the Federal Open Market Committee meeting. We gave a recommendation to buy after the end of the meeting and there was an opportunity to open long positions. However, there was no significant profit as you could earn about 250 pips only. We think that USD/CHF is going to offer some other opportunities today but the USD’s downside tendency increase risks.

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

There is the 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 November 2, 2017

GOLD (XAUUSD)



Gold failed to decline yesterday after the release of the results of the Federal Open Market Committee meeting and there was no sense to open short positions. As we had written previously, you had to wait until the results and to see the market reaction. The reaction was contrary to what we had expected. Market participants are going to switch their attention to the US Labor Market data, which is to be released on Friday. Gold shows some signs of further upside tendency. However, we have no trend currently.

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

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

SILVER (XAGUSD)



Silver went upwards after the release of the results of the Federal Open Market Committee meeting and there was no opportunity to sell. The price shows intentions to further growth and we think it is time to look for long trades today.

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

There is the 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 positions from the MA55 balance line. Place stop losses below the indicator.