Thread: Adamant Finance - Daily Analysis

Technical Outlook August 4, 2017

EURUSD



The currency pair offered opportunities to open long trades from the MA55 balance line area. The price rose for 600pips and you could fix positions. As for the events, we advise to pay attention to today’s US Labor Market and Average Hourly Earnings data. The price is likely to be trading within a range on the eve of this release.

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 according to our expectations. We think that EUR/USD is likely to continue its upside tendency in the next couple of days.

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

GBPUSD



The currency pair declined sharply after the release of the results of the Bank of England meeting as the rhetoric was easier than expected. One of the Monetary Policy Committee member has changed his mind and voted for the low rates to remain. It is to mention that he has voted for the interest rates to be hiked previously. The results of the BoA meeting frustrated market participants expectations and they have started to sell GBP/USD. Today’s fluctuations will depend on the results of the US Labor Market and Average Hourly Earnings data.

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 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 had an upside correction yesterday but the downtrend is already established. We think it is a good idea to look for short trades, but there is a very important US Labor Market and Average Hourly Earnings data today. We give no recommendations in the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair develop its 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 avoid trading today as the situation is unclear.

USDCHF



The currency pair continues to be trading within a tight range and there is no clear tendency. We think that today’s US Labor Market and Average Hourly Earnings data is able to change the situation a bit. However, we give no recommendations at the moment.

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


Gold and Silver Technical Outlook August 4, 2017

GOLD (XAUUSD)



Gold grew yesterday frustrating our expectations and established a wide range. There is no tendency still and we give no recommendations. The main event for today is the US Labor Market and Average Hourly Earnings data. Some sharp price movement are likely after the release of his statistics.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold developed its moderate upside dynamics last week according to our expectations. We think that XAU/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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver went towards the MA55 balance line yesterday and there was an opportunity to sell from there according to our recommendations. The price is still out of the profit area, but it can go there. We advise to protect trades before the American statistics, placing stop losses at breakeven level. However, there is still no opportunities to do this. Let’s hope, the price will give this chance before the American session.

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

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

Technical Outlook August 7, 2017

EURUSD



The currency pair declined sharply on Friday after the US Labor Market and Average Hourly Earnings data. All those figures were better than expected and truly impressed market participants. The US Non-Farm Employment Change rose over 200 000, Unemployment Rate decreased and the Average Hourly Earnings data showed some impressive growth. Market participants changed their minds after those releases and they think that the Fed is likely to hike Interest Rates again this year. EUR/USD changed its current tendency and we think it is better to look for short trades from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and continued to grow. We think that EUR/USD is likely to decline after Friday’s US Labor Market and Average Hourly Earnings data.

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

GBPUSD



The currency pair continues to decline for the second day in a row as there are many reasons for it. First, there was no hints on the probability of monetary policy tightening in the United Kingdom. Second, US Labor Market and Average Hourly Earnings data was better than expected. We think that is it better to look for short trades, but the price is far from the MA55 balance line. However, we think it is a good idea 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 resumed its growth last week according to our expectations. 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 or from the trend line. Place stop losses above those indicators.

AUDUSD



The currency pair is close to the MA55 balance line and we can state that there is the downtrend currently. This is a good idea to open short trades here. Friday’s data is favorable for Bears and 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 continued its growth last week according to our expectations. WE think that AUD/USD is likely to start 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 MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair established an upside tendency after Friday’s US Labor Market and Average Hourly Earnings data. We think that is it time to look for long trades from the MA55 balance line as all the other allied currencies are now in a total correlation with USD/CHF.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week 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 long trades from the MA55 balance line area. Place stop losses below the indicator.


Gold and Silver Technical Outlook August 7, 2017

GOLD (XAUUSD)



Gold established a downside tendency after the better than expected US Labor Market and Average Hourly Earnings data. It is a good idea to look for short trades today. However, we can see a small correction currently, which prevents us from selling on the spot. We think that this correction is likely to stop here and XAU/USD is going to develop its further decline.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the trend line. Place stop losses above the 1261,0 level.

SILVER (XAGUSD)



Silver went upwards on Friday and stop losses triggered. However, after the US Labor Market and Hourly Earnings data the price went downwards without us. It is risky to sell today as the price is close to the lower side of the MA-channel. We advise to do nothing.

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

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

Technical Outlook August 8, 2017

EURUSD



The currency pair failed to reach the MA5 balance line on Monday and there was no opportunity to open short trades according to our recommendations. However, EUR/USD is close to this balance line during the Asian session and you may try to sell. USD gave up its positions yesterday after the Federal Open Market Committee members’ comments, in which they underlined their doubts on the probability of inflation growth towards the target levels. There is no important data today and we advise to stick to the technical analysis.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according our expectations last week and developed its growth. We think that EUR/USD is likely to decline in the next couple of days as the US Labor Market and Average Hourly Earnings data was better than expected.

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 sell from the MA55 balance line area. Place stop losses above the indicator.

GBPUSD



The currency pair offered an opportunity to sell from the trend line on the Hourly chart and the price went downwards for 400pips. It was enough to protect trades and to take some profit. We think that it is a good idea to look for short positions 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 resumed its growth last week according to our expectations. We think that GBP/USD is likely to start 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 area. Place stop losses above the indicator.

AUDUSD



The currency pair offered an opportunity to sell from the MA55 balance line yesterday. The price declined for 350 pips after allowing to protect trades and to take profit partially. If you still have your positions open, we advise to hold them until the price reaches 0,78700 level.

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 AUD/USD is likely to start a 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 area. Place stop losses above the indicator.

USDCHF



The currency pair failed to reach the MA55 balance line and there was no a single chance to buy according to our recommendations. We think that there is such an opportunity today. As for the important data, we advise to pay attention to the Swiss Labor Market statistics, which, however is unlikely to make some noise.

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

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


Gold and Silver Technical Outlook August 8, 2017

GOLD (XAUUSD)



Gold offered opportunity to open short trades from the trend line on the Hourly chart and the price went downwards for 2,5USD. There was a chance to protect trades but it was too early to fix positions. Later, those trades were closed as stop losses triggered. We think that it is a good idea to open short trades from the MA55 balance line again.

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

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

SILVER (XAGUSD)



Silver moved to the new lows yesterday and then reversed upwards, going towards the MA55 balance line. We think that it is a good idea to look for short trades from the MA55 balance line or even higher as Silver still has some potential to grow.

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 downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line or higher. Place stop losses 10 pips above you entering points.

Technical Outlook August 9, 2017EURUSDThe currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. If you had placed your stop loss at a comfortable distance, you could have a significant profit as the currency pair reached Friday’s lows. I think EUR/USD is likely to start an upside correction today and tomorrow the currency pair is likely to offer another opportunity to sell from the trend line if nothing happens.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 according to our expectations. We think that EUR/USD is likely to decline in the next couple of days after Friday’s US Labor Market and Average Hourly Earnings data.There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.GBPUSDThe currency pair reached the MA55 balance line area yesterday and there was opportunities to sell. If you had a chance to open positions, you cold have some serious profit. You can retry to open short trades from the MA55 balance line area today if this opportunity arises.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 start 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 area.AUDUSDThe currency pair offered opportunity to sell from the MA55 balance line yesterday. If your stop loss was enough to hold a correction, you could have serious profit by now (about 400 pips, that price did yesterday). In addition, the currency pair reached 0,78700 level that I have mentioned yesterday as a target one. The price is far from the MA55 balance line today and I think it is better to pause trading for a while.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth according to our expectations. We think that AUD/USD is likely to start 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.USDCHFThe currency pair offered opportunities to sell from the MA55 balance line according to our expectations and the price moved for 500pips in the direction of our forecast. It was enough to take profit. USD/CHF declined sharply and is trading with no correlation to the allied currencies. It is better to do nothing in those conditions.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumes its growth 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.Gold and Silver Technical Outlook August 9, 2017GOLD (XAUUSD)There was an opportunity to sell yesterday from the MA55 balance line but stop losses triggered. Gold volatility grew yesterday during the American session after rough speeches, made by US and North Korea leaders. Donald Trump said that the United States are going to respond to all Korean threats. The situation is being seriously aggravated and XAU/USD reacts on it.There is no trend on the Weekly chart and the price is close to the MA55 balance line. The price reversed last week according to our expectations. We think that Gold 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 offered opportunity to sell from above the MA55 balance line (from 16,40 level to be exact). The price went downwards for 15pips and you had a chance to protect your trades and even fix them partially. However, later the price went upwards. We advise to do nothing at the moment.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 downside dynamics in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

Technical Outlook August 10, 2017EURUSDThe currency pair corrected towards the MA55 balance line and the trend line on the Hourly chart as we had previously forecasted. We think it is a good idea to look for short trades today from those key indicators. We have seen some signs of this downside correction to come to an end and we advise to aim small targets around 300-500pips.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 developed its growth. We think that EUR/USD is likely to decline in the next couple of days after Friday’s US Labor Market and Average Hourly Earnings data.There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.GBPUSDThe currency pair approached the MA55 balance line and there were opportunities to open short trades according to our recommendations. The price went downwards after for 500pips and you could close your trades, fixing profit. We think that it is a good idea to try selling from the MA55 balance line. However, there are signs of future tendency reverse and we recommend doing nothing 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 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.AUDUSDThe currency pair returned towards the MA55 balance line and we think it is time to look for short trades today. However, there are signs of tendency reverse and we think it is better to do nothing today. We give a recommendation with high risks as AUD/USD still has some potential and some space to develop its decline.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 according to our expectations. We think AUD/USD is likely to start 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 MA55 balance line. This trade is of high risk and we recommend aiming small targets.USDCHFThe currency pair developed its decline yesterday as Swiss Frank is used as a shelter. There are tensions between the United States and Northern Korea. We think that is it better doing 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 continued 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 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 August 10, 2017GOLD (XAUUSD)Gold continues to develop its upside tendency as the tension between the United States and Northern Korea grows. There is the uptrend currently. The trend line on the Hourly chart was broken out. The tendency is too strong and the price is far from the MA55 balance line. We give no recommendations in this situation.There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold reversed its local tendency last week according to our expectations. WE think that XAU/USD is likely to develop its moderate decline in the next couple of days.There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.SILVER (XAGUSD)Silver is building an upside tendency and we think it is time to look for long trades. The price is close to the upper side of the MA-channel and we give no recommendations. It is better to monitor the situation and wait for better signals to open positions.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its downside tendency last week. We think that XAG/USD is likely to continue its decline in the next couple of days.There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

Technical Outlook August 11, 2017EURUSDThe currency pair declined yesterday after the Asian session according to our expectations. There was no sense to open trades during the American session as EUR/USD moved downwards for 500 pips during the day. The currency pair is trying to reverse its tendency currently as it has broken through the trend line. The main event for today is the US Inflation data.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 the currency pair is likely to decline in the next couple of days. The main reason for this is the Friday’s US Labor Market and Average Hourly Earnings data.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.GBPUSDThe currency pair is fluctuating within a tight range currently. We think that it is ready to make a reverse. However, everything will depend on today’s US Inflation data. We expect the US CPI data to be worse than forecasted. USD will be under pressure again in the case. Anyway, it is better to do nothing today as the situation is unclear.There is the uptrend on the Weekly chart as the price is above the MA55 balance line The currency pair resumed its growth last week according to our expectations. We think that GBP/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.AUDUSDThe currency pair approached the MA55 balance line several times but it was difficult to open trades and to take profit. Anyway, if you managed to sell, you could close your trades at breakeven level. The Reserve Bank of Australia member commented the situation today during the Asian session. He said, that the high AUD price is negative for the Australian economic development.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 according to our expectations. We think that AUD/USD is likely to start 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.USDCHFThe currency pair developed its decline yesterday as the Swiss Franc is on demand because of the tensions between the United States and Nothern Korea. The leader of the Northern Korea announced again his wish to attack Guam island. 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. The currency pair developed its growth last week according to our expectations. We think that USD/CHF is likely to continue 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 August 11, 207GOLD (XAUUSD)Gold continues to go upwards as tensions between the United States and Northern Korea continue to grow. The upside tendency is very strong and the price cannot reach the MA13 level. We give no recommendations. The US Inflation data is likely to influence price fluctuations today. Previous data was disappointing and we think that current figures will not surprise market participants.There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold reversed downwards last week according to our expectations. We think that XAU/USD is likely to develop its downside dynamics in the next couple of days.There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.SILVER (XAGUSD)Silver is close to the upper side of the MA-channel and we give no recommendations in this situation. However, today there is an important release in the United States and we expect XAG/USD to develop its upside tendency. The geopolitical tensions still influence Silver’s fluctuations.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 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.

Technical Outlook August 14, 2017EURUSDThe currency pair resumed its growth towards the latest highs on Friday after disappointing US CPI data, released on Friday. US is under the pressure at the moment as the US Interest Rates hike expectations decreased. The Federal Open Market Committee member Kashkari said that the Fed can wait with Interest Rates hike until the inflation meets the target levels. We think that the currency pair is likely to develop its growth today.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a short term correction last week and then EUR/USD resumed its growth. We think that the asset 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 MA13. Place stop losses below the indicator. The risks for those positions are very high.GBPUSDThe currency pair continues to be trading within a limited range but is able to develop a growth this week as it shows some signs of further upside tendency at the moment. There are many important releases in Great Britain this week and we expect the volatility to be high. We advise to avoid trading today as there is no clear tendency.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did a correction last week according to our expectations. This downside move was shorter that we thought. We think that GBP/USD is likely to resume 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.AUDUSDThe currency pair started to change its tendency. As for the reasons, AUD/USD has broken out the trend line on the Hourly chart. There is still no upside tendency at the moment, but we think it is going to be established in the nearest future. We recommend buying from the MA55 balance line, but be careful as there is still no clear trend.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 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 open long trades today from the MA55 balance line. Place stop losses below the indicator.USDCHFThe currency pair is likely to develop its downside tendency but tensions between the United States and the Northern Korea make the situation unclear. Market participants use Franc and Yen as the shelter and USD/CHF is moving with no correlation as compared to the other major currency pairs.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumed its growth last week according to our expectations. However, the upside tendency was not so strong as we thought. We suppose that USD/CHF 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.Gold and Silver Technical Outlook August 14, 2017GOLD (XAUUSD)Gold established new highs on Friday after the disappointing US inflation data. WE think that XAU/USD is likely to retreat towards the MA55 balance line today and then to resume its upside tendency. USD is under the pressure at the moment and Gold is able to develop its growth. There are also tensions between the United States and the Northern Korea, which give XAU/USD more support.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD failed to decline last week frustrating our expectations as the tensions between the United States and the Northern Korea grow. We think that XAU/USD 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. Place stop losses below the indicator.SILVER (XAGUSD)Silver developed its correction on Friday and we think the precious metal is likely to resume its growth from the trend line on the Hourly chart. There are signs of a probable reverse and we think 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. XAU/USD failed to decline last week frustrating our expectations as the tensions between the United States and the Northern Korea grow.We think 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 from the trend line on the Hourly chart. Place stop losses below the indicator.

Technical Outlook August 15, 2017

EURUSD



The currency pair had a correction towards the MA55 balance line on Monday and even declined below the indicator. We think that there is a probability of a deeper correction and we expect EUR/USD to develop its decline today. Long trades, which were opened according to our recommendations, closed by small stop losses. The further EUR/USD’s dynamics depends on today’s US Retail sales data.

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

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

GBPUSD



The currency pair is still within a limited range as the market participants are waiting for the UK CPI data to be released. This event is able to increase volatility and give a direction to the currency pair. We give no recommendations today as there is no clear trend at the moment.

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. However, this decline was less than expected. We think that GBP/USD is likely to resume 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.

AUDUSD



The currency pair offered an opportunity to open long trades from the MA55 balance line, but stop losses triggered. There is no tendency at the moment and the currency pair is neutral. However, the price is fluctuating in a wide range. We give no recommendations as there is no trend.

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 AUD/USD is likely to resume its growth in the next couple of days.

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

USDCHF



The currency pair has no correlation with the other majors and we think it is a good idea to wait and to monitor the situation. If the tensions between the United States and the Northern Korea quiet down, there will be opportunities to trade the currency pair. Anyway, the price is close to the MA55 balance line border and it is better to do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week. But it was not as active as we had expected. We think that USD/CHF is likely to resume its decline in the next couple of days.

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


Gold and Silver Technical Outlook August 15, 2017

GOLD (XAUUSD)



Gold failed to develop its growth yesterday and started a correction, changing its current tendency. Long trades from the MA55 balance line were closed with a stop loss. It is better to look for short trades today, but the price is far from the MA55 balance line. We advise to pay attention to today’s US Retail Sales data, which is able to increase volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decrease last week as there are tensions between the United States and the Northern Korea. We think that XAU/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 below the indicator.

SILVER (XAGUSD)



Silver crossed the trend line and there is a probability of a reverse. Long trades, which were opened according to our recommendations, closed with small loss. The MA-channel is reversing as well but it is still neutral. The fact that Silver has broken through the trend line, says that the price is going to reverse anyway. We advise to try to sell after a correction towards the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week as the tensions between the United States and the Northern Korea grow. We think XAG/USD is likely to develop its moderate upside tendency in the next couple of days.

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

Technical Outlook August 16, 2017

EURUSD



The currency pair develop is downside tendency yesterday as market participants were waiting for the US Retail Sales data. This statistics has shown the biggest yearly growth and inspired investors, giving support to USD. US Interest Rates hike odds increased up to 53% according to FedWatch Tool. We advise to pay attention to today’s Eurozone GDP data and US building sector statistics.

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 and resumed its growth by Friday. 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 avoid trading today as the situation is unclear.

GBPUSD



The currency pair declined sharply after a worse than expected UK CPI data. Inflation growth was even below the forecasts and the market reaction was appropriate. In addition, market participants expected the US Retail data to be better than forecasted. WE give no recommendations as the price is far from the balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week, which was smaller than expected. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair changed its direction again and no is going downwards. We think it is a good idea to look for short trades today from the MA55 balance line. Yesterday’s US data supported USD and we think the currency pair is likely to develop its downside tendency.

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 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 open short trades from the MA55 balance line area. Place stop losses above the indicator.

USDCHF



The currency pair stopped its growth yesterday. The other assets were more active. We think that it is a good idea to look for long trades from the MA55 balance line today and if the growth continues, you can take about 500-770 pips.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its decline last week, but it was smaller than expected. We think that USD/CHF 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. Place stop losses below the indicator.


Gold and Silver Technical Outlook August 16, 2017

GOLD (XAUUSD)



Gold failed to reach the MA55 balance line yesterday and developed its downside tendency. There was not a chance to open trades according to our recommendations. The US Retail Sales data favored further XAU/USD decline as this data was better than expected. The situation is rather the same today and we think it is a good idea to look for short trades from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week as the tensions between the United States and the Northern Korea continues to grow. We think that Gold is likely to develop its moderate upside dynamics.

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

SILVER (XAGUSD)



Silver failed to make a deep correction and there was no opportunity to open short trades according to our recommendations. The price is close to the lower side of the MA-channel and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week (as it was expected by us) due to the growth of tensions between the United States and the Northern Korea. We think that XAG/USD is likely to develop its moderate upside tendency.

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

Technical Outlook August 17, 2017

EURUSD



The currency pair continued its downside yesterday but then had a sharp growth during the American session after the latest Federal Open Market Committee meeting minutes’ release. It says that FOMC members have different views on the probability of further monetary policy decisions. The reason is the lower inflation rate, which does not meet Fed’s expectations. Some Federal Open Market Committee members suggest to wait until the inflation will grow higher. USD was under the pressure after those comments. We think it is a good idea to look for long trades as the trend line was broken through indicating on the tendency reverse.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a brief correction last week and then resumed its growth on Friday, after the US CPI data. We think that EUR/USD is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is 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 is close to the MA55 balance line today and there is an opportunity to sell, but the other currency pairs, which are allied to GBP/USD are changing their tendencies and the “cable” is able to follow them as well. In addition, yesterday’s UK Labor Market data was better than expected and we think it is a good support for the currency pair to resume its growth in the nearest future. We advise to pay attention to today’s UK Retail Sales data.

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

AUDUSD



The currency pair offered an opportunity to sell and those trades were closed by stop losses. The currency pair reversed its tendency upwards, but we can not give any recommendations as the price is close to the upper side of the MA-channel.

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 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 offered opportunities to buy from the MA55 balance line and you could have 400pips as profit. It was enough to protect your trades and to fix your positions partially. USD/CHF is changing its tendency today but we can not give any recommendations as the price is close to the lower side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week but it was not as significant, as we had expected. 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 August 17, 2017

GOLD (XAUUSD)



Gold failed to reach the MA55 balance line yesterday before the Federal Open Market Committee meeting minutes release. After the event, there was no sense to open trades as USD was under the pressure. FOMC members have different views on the probability of further Interest Rates hike. Some of them suggest to wait more in order to see the inflation is truly speeds up. We think it is better to look for long trades when there is a clear upside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week as the tensions between the United States and the Northern Korea are growing. We think that the price is able to develop an upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver reversed its tendency sharply and the price is close to the upper side of the MA-channel at the moment. We give no recommendations in this situation. The FOMC meeting minutes changed market participants’ moods.

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