Thread: Adamant Finance - Daily Analysis

Technical Outlook July 21, 2017

EURUSD



The currency pair had a sharp growth yesterday after the European Central Bank meeting results as the President of this body announced that the ECB is going to consider the probability of monetary policy tightening on Autumn. There is a clear hint on the interest rates growth or on stimulus tightening. There was a rally yesterday and the price is close to the upper border of the MA-channel today. It is better to do nothing at the moment.

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

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

GBPUSD



The currency pair declined despite the better than expected UK Retail Sales data. There was no opportunity to sell according to our recommendations as the price failed to reach the MA55 balance line. The currency pair’s decline is due probably to the negative tendencies in the Brexit negotiations between the United Kingdom and the European Union.

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 develop its growth in the next couple of days.

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

AUDUSD



The currency pair had another upside momentum towards the weekly highs but failed to establish new ones. We think that 0,79865 level will be the highest for this week. It is time to look for short trades. The currency pair started its decline since the beginning of the Asian session and is still declining without any stops. The MA-channel still looks upwards and it is risky to open positions in this situation. However, you can try to sell 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. The currency pair had some 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair was trading with high volatility yesterday. There was an opportunity to open short trades according to our recommendations and the position was closed by stop loss. We had previously noticed that those trades were of high risks. There is no important data today and we think that USD/CHF is likely to fluctuate in a limited range supporting Bearish moods.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading is a tight range last week. 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 July 21, 2017

GOLD (XAUUSD)



Gold failed to develop its reverse after the announcements and hints of the European Central Bank’s President. He said that the ECB is going to treat the probability of monetary policy tightening on Autumn. There is no important data today and we think the price is likely to develop its moderate growth or to start a correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had a considerable growth last week due to the worth than expected US CPI and Retail Sales data. We think that XAU/USD is likely to develop its upside dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver has broken its reverse pattern and moved higher after the release of the results of the European Central Bank meeting. The technical image is unclear but we think that this growth will be short. There is no important data today and the price is able to develop its moderate growth or to start a correction.

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

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

Technical Outlook July 24, 2017

EURUSD



The currency pair continued to be trading close to the upper side of the MA-channel. There were no opportunities to open any trades in those conditions. The [rice is still close to the upper side of the MA-channel and we give no recommendations for today. There are some important events and data releases this week and the main is the Federal Open Market Committee meeting, which takes place on July 25-26.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics met our expectations last week. We think that the currency pair 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.

GBPUSD



The currency pair offered chances to open short trades from the MA55 balance line according to our recommendations. There were two options, the price could be stopped by stop loss or you could earn about 400 pips as the reward for your patience and risks. There is one main statistics release this week – UK Prelim GDP data q/q. We think that the currency pair 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 corrected last week before the probable development of the upside tendency. We think that GBP/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair failed to reach the trend line on Friday and there was no opportunity to open short trades. The tendency on the Hourly chart still looks downwards and we think it is a good idea to try selling from the trend line. Stop loss should be around 100pips from the strike price.

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 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 open short trades from the trend line today. Place stop losses above the line.

USDCHF



The currency pair continued to develop its downside tendency on Friday after a long period of range fluctuations. USD/CHF was in a tight flat for two week in a row. We think that the price is likely to return to the MA55 balance line. In this case, you can try to sell tomorrow.

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 July 24, 2017

GOLD (XAUUSD)



Golf continued its growth on Friday despite the fact that there was no important data released. We think that XAU/USD is likely to develop its upside tendency in the nearest future as the most important event of the week – the Federal Open Market Committee meeting will not bring anything new. We expect the price to start a correction today after Friday’s growth.

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

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

SILVER (XAGUSD)



Silver crossed the trend line last week on the Weekly chart frustrating our expectations as we though, XAG/USD was going to make stop there. We think that this trend line is not actual anymore. XAG/USD is likely to correct Friday’s growth.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its upside dynamics 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.

Technical Outlook July 25, 2017

EURUSD



The currency pair was in a correction yesterday and went below the MA55 balance line. The uptrend was stopped. We think that market participants are waiting for the results of the Federal Open Market Committee meeting which is planned for tomorrow. Another reason why Euro is under the pressure is weak Eurozone PMI data. We think that the currency pair is likely to develop its downside correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics met our expectations last week as EUR/USD developed its growth. We think that the currency pair is likely to continue 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.

GBPUSD



The currency pair changed its tendency yesterday and moved higher according to our expectations. However, we think that this growth is nothing more than just a correction and it is better to be careful. The currency pair is able to reverse at any moment and to cover all this two days’ growth with one or two candlesticks. We advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week before the probable growth. We think that GBP/USD is likely to resume 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.

AUDUSD



The currency pair has broken through the trend line on the Hourly chart and stop losses triggered. Our position closed with small losses. The currency pair is likely to be trading within a range on the eve of the Australian inflation data and forthcoming Reserve Bank of Australia head’s speech, which takes place on Wednesday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that AUD/USD is likely to start 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair is back towards the MA55 balance line according to our expectations. There is still the downtrend and we think it is time to look for short trades from the MA55 balance line or a bit higher. There is important Eurozone data on the way (German Ifo Business Climate), which is able to have considerable impact on the USD/CHF currency pair.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined according to our recommendations last week. 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 close to the MA55 balance line. We advise to open short trades from the MA55 balance line or higher. Place stop losses at 0,95050.


Gold and Silver Technical Outlook July 25, 2017

GOLD (XAUUSD)



Gold reached the new highs. We expected the price to start a correction, but XAG/USD frustrated our hopes. The price continues to push upwards as the market participants are looking forward to see the results of the Federal Open Market Committee meeting. There are also some inner issues in the United States that push USD lower. Anyway, the price is close to the MA55 balance line and we think it is a good place to look for long trades.

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

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

SILVER (XAGUSD)



Silver established new highs and confirmed its growth. We expected a correction but it didn’t happen. We think that the growth is going to be developed and we advise to look for long trades. The price is unlikely to make some significant moves before the end of the Federal Open Market Committee meeting, but some moderate tendencies may happen.

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

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

Technical Outlook July 26, 2017

EURUSD



The currency pair had some growth during the European session and then gave up all gained positions during the American session. Those fluctuations were due to the new healthcare law project hearings in Senate. Market participants were skeptic, but Republicans became more active. There is hope that this law will be adopted by US Senate. Trump’s positions in this case will become stronger and USD will get some more support. As for the events, today market participants are looking forward to see the results of the Federal Open Market Committee meeting.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week. We think that EUR/USD is likely to edvelop 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 wait until the release of the results of the Federal Open Market Committee meeting.

GBPUSD



The currency pair continues its upside tendency and there was an opportunity to earn on long trades from the MA55 balance line. We gave no recommendations as this upside dynamic was within a correction framework. We think that the currency pair is likely to reverse its tendency today after the Federal Open Market Committee meeting today. However, we do not expect Yellen or any other FOMC member to say something new as it’s been a while since her last speech. We advise also to pay attention to today’s UK Prelim GDP data.

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 before the eventual growth in the nearest future. We think that the currency pair is likely to resume its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open trades only after the Federal Open Market Committee meetings results release.

AUDUSD



The currency pair started the day with a decline as the Australian inflation data was disappointing. Market participants are looking forward for the Reserve Bank of Australia head speech. However, we don’t think he is going to say something about monetary policy tightening. We think that it is better to look for short trades, besides the fact that there is no tendency.

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 according to our expectations. We think that AUD/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 below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator.

USDCHF



The currency pair failed to decline after the German Ifo Business Climate data and our trades closed by stop losses. The price is moving towards the trend line on the Hourly chart and we think it is going to bounce off. We think that it is time to look for short trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week 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 close to the MA55 balance line. We advise to open short trades from the trendline on the Hourly chart. Place stop losses above the line.


Gold and Silver Technical Outlook July 26, 2017

GOLD (XAUUSD)



Gold reverses its tendency today as the price is crossing the trend line. The MA-channel still looks upwards but we think it is time to look for short trades. Long trades were closed by stop losses. Tendency reverses as there are some positive aspects in the healthcare law debates in Senate. We think that this fact is going to support USD. The Federal Open Market Committee meeting is the main event for today.

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

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

SILVER (XAGUSD)



Silver prepares to reverse its tendency. Long trades was closed by stop losses. XAG/USD has crossed the trend line but there was no clear break through and we give no recommendations. Today we advise to pay attention to the FOMC meeting.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its upside dynamics 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 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.

Technical Outlook July 27, 2017EURUSDThe currency pair had some growth yesterday after the release of the results of the Federal Open Market Committee meeting. There was no new hints on the probability of Interest Rates hike and we think the Fed is going to raise rates on December again. Fed members’ seem to have more important tasks than monetary policy tightening. There are US Durable Goods Orders today and Unemployment Claims statistics today. WE advise to pay attention to those figures.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week. We think that EUR/USD is likely to develop its growth in the next couple of days.There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the price is close to the MA-channel.GBPUSDThe currency pair had some growth after the UK GDP q/q data, which met the investors expectations. Later, GBP/USD had some growth after the release of the results of the Federal Open Market Committee meeting. There are several US data releases today and we think that the price is going to “change its mood” during the American session.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 before the further growth. We think that GBP/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. The price is close to the upper side of the MA-channel and we advise to avoid trading today.AUDUSDThe currency pair declined in the first half of the day, offering no opportunities to execute short trades. Then the price went back towards the MA55 balance line. However, there was no sense to open trades as market participants waited for the results of the Federal Open Market Committee meeting. We recommended to act according to the situation.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 AUD/USD is likely to develop its downside correction in the next couple of days.There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The price is close to the upper side of the MA-channel and we think it is better to do nothing today.USDCHFThe currency pair had a sharp upside burst after the release of the Federal Open Market Committee meeting results. However, right after this event, the price went downwards. Short trades from the MA55 balance line closed by stop losses. There is no opportunity to sell today as there is the uptrend currently.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 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.Gold and Silver Technical Outlook July 27, 2017GOLD (XAUUSD)Gold offered an opportunity to open short trades according to our recommendations and there was a chance to earn about 3 USD. However, we advised to avoid trading right on the eve of the Federal Open Market Committee meeting results. There were no new hints on the probability of Interest Rates hike and we think that the Fed is going to tighten its monetary policy by the end of the year again. We advise to pay attention to today’s US Durable Goods Orders and Unemployment Claims data.There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold developed its upside dynamics last week according to our expectations. We think that XAU/USD is likely to develop its moderate growth in the next couple of days.There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The price is far from the MA55 balance line and we advise to avoid trading today.SILVER (XAGUSD)Silver is trying to reverse its current tendency but yesterday the price failed to go downwards due to the results of the Federal Open Market Committee meeting. The Fed did no hints on the probability of the Interest Rates hike. The FOMC members have also avoided to talk about the inflation.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver develop its upside tendency last week according to our expectations. We think that XAG/USD is likely to continue its growth in the next couple of days.There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The price is far from the MA55 balance line and we advise to avoid trading today.

Technical Outlook July 28, 2017

EURUSD



The currency pair corrected yesterday after a sharp growth on Wednesday. The stronger than expected US data pushed EUR/USD even lower. The Durable Goods Orders was better than expected and gave some additional support to the USD. Today’s main event is the Preliminary US GDP data q/q. If this statistic is better than expected or meets investors forecasts, USD is likely to develop its growth.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and continued its growth. WE think that EUR/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 close to the MA55 balance line. We advise to open long trades before the American session. Buy from the MA55 balance line. Place stop losses below the indicator.

GBPUSD



The currency pair changed its moods during the American session after the better than expected US Durable Goods Orders data. We think that there is a probability of the volatility growth in the beginning of the American session as the important data is expected.

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 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 open long trades before the American session. Buy GBP/USD close to the MA55 balance line area. Place stop losses below the indicator.

AUDUSD



The currency pair is trading within a tight range regardless the worse that expected producer inflation data from Australia. Today’s main statistic is the US Prelim GDP data. If it is better than expected or meet forecast, USD can go further upside pushing AUD/USD further downwards.

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

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

USDCHF



The currency pair resumed its growth as USD has got some additional support yesterday. The currency pair uses all the opportunities to establish an upside tendency. Today market participants are waiting for the US Prelim GDP data q/q. If it is better than expected, USD/CHF is likely to develop its upside tendency in the second half of the day.

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 decline in the next couple of days.

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


Gold and Silver Technical Outlook July 28, 2017

GOLD (XAUUSD)



Gold was in consolidation yesterday after a sharp growth on Wednesday, but then it declined after the better than expected US Durable Goods Orders data. This statistic pushed XAU/USD lower. Today we advise to pay attention to the US Prelim GDP q/q data as it may have considerable impact on Gold. If it is better than expected or equal to the forecast, USD is likely to grow.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued to grow last week according to our expectations. WE thnk that Silver is likely to develop its moderate 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 before the American session. Buy from the MA55 balance line area. Place stop loses below the indicator.

SILVER (XAGUSD)



Silver had a considerable decline after the US Durable Goods Orders data and reached the MA55 balance line. However, we still have an uptrend and we think it is a good idea to look for long trades today. Place orders from the trend line below the balance line.

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

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

Technical Outlook July 31, 2017

EURUSD



The currency pair resumed its growth after Thursday’s correction. German CPI data has shown some growth and the US Prelim GDP data was slightly above the expectations, disappointing market participants. USD was under the pressure on Friday. Market participants are looking forward to see the results of this week statistics including the US Labor Market and Average Hourly Earnings data, which will be released on Friday. There are also many figures from the Eurozone which worth your attention including French and German PMI data. We think that the currency pair is going to start a correction today.

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

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

GBPUSD



The currency pair offered opportunities to open long trades from the MA55 balance line and there was a chance to take profit as the price went in the forecasted direction for 700pips. Market participants are looking forward to see the results of the Bank of England 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 resumed its growth last week according to our expectations. We think that GBP/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 avoid trading today as the situation is unclear.

AUDUSD



The currency pair offered opportunities to open long trades from the broken through trend line on the Hourly chart. The price was in the profit area for 600pips and you had a chance to fix your trades with positive results. There is no growth currently, but we think that the market participants are likely to take a decision whether the currency pair is going upwards or downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week despite all the negative factors. 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 avoid trading today as the situation is unclear.

USDCHF



The currency pair Stopped its growth for a while but we think it is going to develop its upside tendency in the nearest future. USD/CHF is trading against correlation as it is growing along with EUR/USD. 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 had some sharp growth last week, frustrating our expectations. We think that USD/CHF is likely to develop its growth in the next couple of days.

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


Gold and Silver Technical Outlook July 31, 2017

GOLD (XAUUSD)



Gold offered no opportunities to open trades according to our recommendations as the price failed to reach the MA55 balance line. However, there was some growth on Friday and the US Prelim GDP data met the expectations. There are many important events this week including Friday’s US Labor Market and Average Hourly Earnings data, which is able to change the market situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continues its moderate upside tendency last week according to our expectations. We think that XAU/USD is likely to develop its growth on 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.

SILVER (XAGUSD)



Silver failed to offer an opportunity to open trades according to our recommendations. The price didn’t reach the trend line on the Hourly chart. Silver still looks upwards and the price is above the trend line and we think that it is time to look for long trades.

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

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

Technical Outlook August 1, 2017

EURUSD



The currency pair continues its growth as the Eurozone data is better than expected and there are some problems in the inner US political environment. The US political situation is able to influence the US economic environment. Federal Reserve Interest Rates hike expectations for 2017 are at their lows. We think EUR/USD is likely to have a moderate correction today.

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

GBPUSD



The currency pair established new highs from September 2016. We think that GBP/USD is likely to resume its growth after a moderate correction which is expected to start today. We advise to look for long trades after the correction is done. Market participants are likely to pay attention to today’s UK Construction PMI data. There is also important US consumer data today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its upside tendency last week according to our expectations. We think that GBP/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.

AUDUSD



The currency pair had some growth today during the Asian session as market participants were waiting for the Reserve Bank of Australia meeting results but then AUD/USD declined. We think that this short downside tendency was due to the neutral rhetoric of the RBA head. However, USD is under pressure at the moment and the currency pair is able to develop its upside 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 resumed its growth last week. 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 avoid trading today as the situation is unclear.

USDCHF



The currency pair declined yesterday and shows no signs for further CHF growth despite the fact that EUR is growing. USD/CHF is trading on its own and we think it is a good idea to do nothing at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF had a sharp growth last week frustrating market participants’ expectations. We think that the currency pair is likely to develop its growth in the next couple of days.

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


Gold and Silver Technical Outlook August 1, 2017

GOLD (XAUUSD)



Gold failed to offer an opportunity to open long trades according to our recommendations as the price was far from the MA55 balance line. However, we think that XAU/USD is likely to develop its growth today. We advise to try to buy from the MA13, but those trades will be of high risks.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its upside tendency last week according to our expectations. We think that Gold 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 MA13 area. Place stop losses below the indicator.

SILVER (XAGUSD)



Silver approached the MA55 balance line and there was an opportunity to open long trades. You could have 15 pips as profit and it was enough to protect trades and to fix your positions partially. WE think that it is a good idea to hold the rest of your trades until the price reaches 16,95 level.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to hold long trades from the MA55 balance line. However, there is no sense to open new trades today.

Technical Outlook August 2, 2017

EURUSD



The currency pair had an expected correction yesterday but failed to resume its growth. The price declined towards the MA55 balance line and there was an opportunity to buy. We advise to pay attention to today’s ADP Non Farm Employment change data. We think that the number of employed people is going to increase. It is better to open trades during the Asian or European session in order to protect your positions before the American session. Otherwise you can open positions after the release of the ADP data release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations and continued its growth according to our expectations. We think that the currency pair is likely to develop its growth in the next couple of days.

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

GBPUSD



The currency pair had a correction towards the MA55 balance line. There was no growth yesterday, but we think GBP/USD is likely to resume its upside tendency today. There is a probability that USD is going to develop its decline as the US FED Rates hike expectations are low at the moment. We think that it is a good idea to look for long trades today.

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

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

AUDUSD



The currency pair can’t hold above the 0,80000 level. We think that this level is psychological one. Anyway, if USD is going to decline, the currency pair is able to establish new highs and go even higher. There is no trend currently and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair still can not decline. WE think that it may happen today after the EUR/USD growth. If USD/CHF fails to go downwards, we advise to do nothing. There is no trend currently and we recommend doing nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a sharp growth last week, surprising market participants. 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 August 2, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open long trades according to our recommendations and this positions was closed with a small stop loss. Gold is trying to make a reverse, but we still expect XAU/USD to establish new weekly highs. However, if the price goes below Tuesday’s low, there is a probability that the upside tendency will be cancelled.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its moderate upside dynamics last week according to our expectations. We think that the price is able to go upwards 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 is forming a reverse as the price has broken through the trend line. This decline may be limited, but we think it is going to reach 16,20-16,40 levels. We advise to avoid trading today as there is no tendency currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its upside dynamics 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 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.

Technical Outlook August 3, 2017

EURUSD



The currency pair offered an opportunity to open long trades from the MA55 balance line area during the European session. The price rose for 900pips and you could fix your trades with profit. There are Eurozone Services PMI and Retail Sales data on the way. AS for the American statistic, we advise to pay attention to the Services ISM data as well. We think that there are no obstacles for the currency pair to develop its growth until 1,20500.

However, pay attention to the US data as it may slow down the upside tendency.

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

There is the uptrend on the Hourly chart as the MA-channel[img] goes up[/img]wards and the price is close to the MA55 balance line. WE advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

GBPUSD



The currency pair offered opportunities to buy from the MA5 balance line area during the European session yesterday. There was however, no significant growth. You could protect your positions and even fix them partially. There is the Bank of England meeting on the way and this event is able to make some changes in the force ratio between the Bulls and the Bears.

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

AUDUSD



The currency pair had a correction close to the MA55 balance line but there is still no tendency. Today AUD/USD declined during the Asian session and we think it is able to start a downside tendency. It is better to do nothing at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair failed to grow yesterday regardless the fact that EUR/USD had an upside tendency. Currency pairs are misbalanced as some central banks are changing or are going to change their monetary policies. Allied currencies are moving in the opposite directions. We think that it is better to do nothing in this situation.

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

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


Gold and Silver Technical Outlook August 3, 2017

GOLD (XAUUSD)



Gold continues to reverse its tendency. XAU/USD established new low yesterday and we think there will be no growth today. However, tomorrow the situation may change after the release of the most important US Labor Market and Average Earnings data. We advise to do nothing as there is no tendency currently.

There is no trend on the Weekly chart as the price is close to the mA55 balance line. Gold continued its moderate growth 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver makes a reverse of its tendency aiming 16,20-16,40. We think it is a good idea to sell from the MA55 balance line. Target levels are mentioned above.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver continued its upside dynamics 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.