Thread: Adamant Finance - Daily Analysis

Technical Outlook August 18, 2017

EURUSD



The currency pair declined sharply after yesterday’s European Central Bank meeting minutes release as the ECB members are worried about EUR growth, which is able to prevent further Eurozone economic restore, as it is fragile now. Market participants were too active to sell EUR/USD. There was an opportunity to open short trades according to our recommendations. Those positions were closed by stop losses. We advise to avoid trading today as the situation is unclear.

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

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

GBPUSD



The currency pair continued to be trading within a tight range yesterday without any clear direction. US Retail Sales data was better than forecasted and GBP/USD had an opportunity to go upwards, but it did not happened. There is no tendency at the moment and it is better to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week, but it was not as deep as we had previously expected. We think that GBP/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.

AUDUSD



The currency pair went towards the MA55 balance line and we think it is a good idea to look for long trades today. The price jumped off the trend line and it is a good sign for AUD/USD to resume its growth. We advise to have close targets as it is Friday.

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

USDCHF



The currency pair bounced off the MA55 balance line yesterday and there was an opportunity to sell from there, but we gave no recommendations. USD/CHF is close to the lower side of the MA-channel today, but we still can not give any recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF resumed its growth last week. However, this upside tendency was not as deep as we expected. We think that the currency pair is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook August 18, 2017

GOLD (XAUUSD)



Gold established an upside tendency and we think it is a good idea to look for long trades from the MA55 balance line today, if the price reaches those levels. ECB members are worried about the EUR growth, which may prevent further Eurozone economic restore. This fact supported USD pushing EUR downwards. Gold was trading in a tight range. We think that XAU/USD is likely to develop its growth and we advise to try long trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline last week as the tensions between the United States and the Northern Korea continue to grow. We think that the price is able to continue 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 MA13 or MA55 balance line. Place stop losses below the indicators.

SILVER (XAGUSD)



There are opportunities to open lone trades as Silver is in the uptrend at the moment. The price is close to the MA55 balance line and you can buy now. There are no signs of decline for XAG/USD.

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

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

Technical Outlook August 21, 2017

EURUSD



The currency pair continues to fluctuate without any clear tendency. As for the Hourly chart, we see that there is a downside tendency as there is a trend line there and this line still holds the price. If we stick to this scenario, there is a probability of a deeper correction in the nearest future. Anyway, we advise 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 stopped its growth last week and declined moderately. We think that EUR/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.

GBPUSD



The currency pair continued to fluctuate in a small range as it did it last week. We think that GBP/USD is likely to develop its correction in the nearest future. There is no tendency at the moment 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 failed to resume its growth last week and we think it is going to develop its downside correction. GBP/USD is likely to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair went back towards the MA55 balance line. And there was an opportunity to open long trades from this indicator on Friday according to our recommendations. The price was in the profit area and you could take about 500 pips or protect your trades there. As we wrote on Friday, targets should be small. 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 went upwards 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair had some significant growth on Friday and there is no tendency at the moment. We think that USD/CHF is likely to develop its upside tendency in the nearest future. We advise to do nothing today as there is no trend.

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 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 21, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open long trades from the MA13 according to our recommendations on Friday during the Asian session. The price was in the profit are, allowing to take about 13USD. XAU/USD declined then and we think that the precious metal is likely to change its tendency in the nearest future. We think it is a good idea 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. Gold failed to grow last week frustrating our expectations and develop a downside correction. We think that XAU/USD is likely to continue its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver reached the MA55 balance line on Friday during the American session and there was an opportunity to open long trades according to our recommendations. The price was in the profit are and you could take 15 pips as profit. It was also enough to protect your trades. There is no tendency at the moment and it is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations as the precious metal started its correction. We think that XAG/USD is likely to develop its downside correction in the next couple of days.

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

Technical Outlook August 22, 2017

EURUSD



The currency pair established an upside tendency and has broken through the trend line on the Hourly chart. We think that EUR/USD is likely to make a correction today and decline towards the MA55 balance line. There you can open long trades. As for the important data, we advise to pay attention to the German ZEW Economic Sentiment release, which is able to increase volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopper its growth last week and declined moderately, frustrating our expectations. We think that EUR/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. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

GBPUSD



The currency pair is still trading within a small range without any clear direction. If we look at the Weekly chart, GBP/USD is likely to decline and then to resume its growth. However, we would like to see any signs of further fluctuations on the Hourly chart. We advise to do nothing today as the situation is unclear and there is no tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week, showing signs of further downside correction. We think that GBP/USD is likely to decline in the next couple of days.

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

AUDUSD



The currency pair tries to go upwards establishing new highs on the Hourly chart. However, those attempts are weak and there is no tendency at the moment. We think that today AUD/USD is likely to decline moderately. As for the current tendency, there is no trend 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 according to our expectations. We think that the currency pair is likely to develop its downside correction in the next couple of days.

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

USDCHF



The currency pair had some volatility growth yesterday, but there is still no tendency. We advise to do nothing today as the trend is neutral. We think that USD/CHF is likely to choose any direction in the nearest future.

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 the currency pair is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook August 22, 2017

GOLD (XAUUSD)



Gold is still looking upwards but the price has difficulties to grow. This may lead to no trend situation or even reverse a tendency. Geopolitical tensions between the Northern Korea and the United States declined and they have still no influence on fluctuations. We advise 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. Gold Failed to decline last week frustrating our expectations and started a correction. We think that XAU/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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver was trading in a tight range yesterday. There are no important releases today and we think that it is better to stick to the technical analysis. There is no tendency currently and we advise to do nothing today as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. Precious metal started its downside correction. WE think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

Technical Outlook August 23, 2017EURUSDThe currency pair is trading with no tendency at the moment. EUR/USD declined sharply yesterday after the worse than expected German ZEW Economic Sentiment data. If you opened Long trades from the MA55 balance line, they should be closed with a small loss. This week is very hard for trading as currencies are moving in both directions and market participants seem to have no idea what will be next. There is important Eurozone and US PMI data today, which may have significant impact on fluctuations. We see no tendency at the moment and we think it is a good idea to do nothing today.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think EUR/USD is likely to develop its downside correction in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.GBPUSDThe currency pair reached new Weekly lows but this decline was moderate. GBP/USD may restore its positions. There is the downtrend currently but we have doubts that the currency pair is likely to develop its decline in the nearest future. However, we think that it is a good idea to try short trades with close targets.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week frustrating our expectations. It started to develop a downside correction instead. We think that GBP/USD is likely to decline moderately in the next couple of days.There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.AUDUSDThe currency pair declined moderately according to our expectations. AUD/USD is fluctuating within a range, formed last Thursday. We think that the currency pair is likely to develop its decline. However, there is a probability of a growth as well within this range. 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 went upwards last week according to our expectations. We think that AUD/USD is likely to develop its downside correction is 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.USDCHFThe currency pair established an upside tendency but we don’t think it is able to develop this trend in the nearest future. There is no clear USD tendency yet and there is a probability that the price is going to regain its previous positions. We think it is a good idea to do nothing today.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumed its growth last week. However, this upside tendency was weaker than expected. 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 August 23, 2017GOLD (XAUUSD)Gold changed its tendency on neutral according to our expectations. The price is likely to break through 1282,00 level targeting 1274. This scenario is likely to be developed this week even. We think that there is an opportunity to open short trades today. But those positions are risky.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations. XAU/USD started a correction instead. We think that Gold is likely to develop a 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 open short trades from the MA55 balance line. Place stop losses above the indicator. Those trades are risky.SILVER (XAGUSD)Silver still trading within a tight range. We have told yesterday that due to the lack of important date, there was no significant moves on Tuesday. There is no trend currently and it is better to avoid doing anything today.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. XAG/USD started a correction instead. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

Technical Outlook August 24, 2017EURUSDThe currency pair had some growth yesterday within a previously established range. Al the currencies have moderate fluctuations this week on the eve of the Jackson Hole symposium, which takes place on Thursday and Friday. We expected al the majors to increase their volatility today in case if participants of the symposium are going to make any significant statements. Mario Draghi is likely to give comments in order to push EUR downwards. Anyway, it is better to do nothing today.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think that EUR/USD is likely to develop its downside correction in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.GBPUSDThe currency pair continued its moderate decline towards new Weekly lows. There was no opportunity to sell as GBP/USD failed to reach the MA55 balance line. We think that the currency pair is able to have almost no reaction to the Jackson Hole symposium event. However, in case if there are any important statements concerning USD, GBP/USD is likely to increase volatility.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week and we think it is going to start a downside correction. GBP/USD is likely to decline moderately in the next couple of days.There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. WE advise to avoid trading today as the situation is unclear.AUDUSDThe currency pair develops its range fluctuations. We think that the market participants are waiting for some sensational announcements from the central bank heads during the Jackson Hole symposium. The current pattern indicates on the probability to break through 0,7880 level.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 AUD/USD is likely to develop its downside correction in the next couple of days.There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. WE advise to avoid trading today as the situation is unclear.USDCHFThe currency pair was unable to resume its upside tendency and is trading with no clear direction currently according to our expectations. The currency pair’s fluctuations are likely to depend on statements, that may be done during the Jackson Hole symposium event.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that USD/CHF is likely to develop its decline in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.Gold and Silver Technical Outlook August 24, 2017GOLD (XAUUSD)Gold avoided to test 1282 level and short trades from the MA55 balance line were closed by stop loss. Those trades were risky as we had mentioned it previously. The price is fluctuating within a tight range as the market participants are looking forward to hear something from the European Central Bank or Federal Reserve head’s heads as they take part in the Jackson Hole symposium today and tomorrow.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations and started a downside correction. WE think that XAU/USD is likely to develop its downside dynamics in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.SILVER (XAGUSD)Silver is trading within a tight range. We give no recommendations in this situation. We think that there is a probability of significant and important statements during the Jackson Hole symposium today and tomorrow, which may have impact on fluctuations.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. XAG/USD started a correction. We think that Silver is likely to develop a 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.

Technical Outlook August 25, 2017

EURUSD



The currency pair continued to be trading within Monday’s range as the market participants are looking forward to hear something new from the European Central Bank Head Mario Draghi, who is going to pronounce his speech today within the framework of Jackson Hole symposium, which started yesterday. Two Federal Open Market Committee members did some comments yesterday already, but investors are waiting for Janet Yellen to speak.

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

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

GBPUSD



The currency pair sopped its downside tendency as the market participants are looking forward to hear something on the future of monetary policy decisions. We would like to remind you, that Jackson ole symposium has started yesterday and investors are paying attention to the event. Yesterday’s UK GDP data met the expectations and had almost no impact on fluctuations. Today, market participants are going to pay attention to the central banks heads’ speeches.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week and we think GBP/USD is likely to start a downside correction. The currency pair is likely to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair had a sharp decline yesterday and changed the break through level. The Jackson Hole symposium has started already, but the central banks heads’ are going to comment today. There is a significant tension on the Forex market and we think that the following fluctuations may be strong and volatile.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair moved upwards 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 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 was trading with low volatility as there were no significant comments during Jackson Hole symposium, which started yesterday. This event stretches until Sunday and we think there is a probability of sharp moves even when it ends on Monday. However, today we advise to pay attention to Yellen speech as it may have significant impact on fluctuations and investors’ expectations.

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. However, 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 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 25, 2017

GOLD (XAUUSD)



Gold developed its range fluctuations as market participants are looking forward to hear something interesting from the central banks heads during the Jackson Hole symposium, which started yesterday. There were still no significant comments yesterday and investors are waiting for Janet Yellen to say something about future FOMC decisions. We think that during her speech, the volatility is likely to grow.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations. Precious metal started its downside correction instead. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver is still trading within a tight range as there were no significant comments from the central bank members yet. Today Janet Yellen is going to make her comments and we think the situation is likely to change. We expect the volatility to increase.

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

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

Technical Outlook August 28, 2017EURUSDThe currency pair went upwards sharply right after the European Central Bank head Mario Draghi speech. The ECB representative avoided to talk about the future prospective of the monetary policy, but market participants decided to push EUR/USD higher. Some Federal Open Market Committee members announced that the FED is ready to postpone rates hike in case if situation allows. Those dovish comments may have impact on USD. We think that the currency pair is likely to start a downside correction today after Friday’s growth.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week and had a sharp growth on Friday. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.There I 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.GBPUSDThe currency pair has chosen upside tendency on Friday after the European Central Bank and the Federal Open Market Committee heads’ comments. Both Draghi and Yellen avoided to indicate the exact dates of further monetary policy tightening. Moreover, they have made no hints on their future plans. However, some FOMC members underlined that they are ready to vote for the current monetary policy to remain unchanged if the US economic shows no sign of improvement in the next couple of months. Market participants went short on USD. We think that GBP/USD is likely to start a downside correction today.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week according to our expectations but had a sharp growth on Friday. 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 avoid trading today as the situation is unclear.AUDUSDThe currency pair had almost no reaction on Jackson Hole symposium event. Our sharp upside momentum expectations failed to meet the reality. However, the currency pair is ready to develop its upside tendency. We think that it is a good idea to open long 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 fluctuating in a small range 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.USDCHFThe currency pair declined considerable as EUR continues to grow. We can see a clear downside tendency but the currency pair is close to the lower side of the MA-channel and it is better to do nothing today. We think that USD/CHF is likely to start a correction towards the trend line on the Hourly chart.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a range last week and declined on Friday 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 August 28, 2017GOLD (XAUUSD)Gold fluctuated in both directions on Friday and there was no clear tendency. Those fluctuations were provoked by Janet Yellen speech during Jackson Hole symposium. The FOMC head avoided to talk directly about the future of the monetary policy and the probabilities of Interest Rates hike on December. Market participants decided to push USD downwards. Gold is likely to develop its upside tendency within this week. However, we give no recommendations at the moment.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was in a tight range last week. We think XAU/USD is likely to develop its growth in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.SILVER (XAGUSD)Silver had no direction on Friday as well. However, we think it is likely to start its growth in the nearest future. We give no recommendations at the moment. Silver has less prospects to grow than Gold and we advise to stay alert.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading in a small range last week. We think that XAG/USD is likely to start 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.

Technical Outlook August 28, 2017


EURUSD





The currency pair went upwards sharply right after the European Central Bank head Mario Draghi speech. The ECB representative avoided to talk about the future prospective of the monetary policy, but market participants decided to push EUR/USD higher. Some Federal Open Market Committee members announced that the FED is ready to postpone rates hike in case if situation allows. Those dovish comments may have impact on USD. We think that the currency pair is likely to start a downside correction today after Friday’s growth.


There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week and had a sharp growth on Friday. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.


There I 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 has chosen upside tendency on Friday after the European Central Bank and the Federal Open Market Committee heads’ comments. Both Draghi and Yellen avoided to indicate the exact dates of further monetary policy tightening. Moreover, they have made no hints on their future plans. However, some FOMC members underlined that they are ready to vote for the current monetary policy to remain unchanged if the US economic shows no sign of improvement in the next couple of months. Market participants went short on USD. We think that GBP/USD is likely to start a downside correction today.


There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week according to our expectations but had a sharp growth on Friday. 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 avoid trading today as the situation is unclear.


AUDUSD





The currency pair had almost no reaction on Jackson Hole symposium event. Our sharp upside momentum expectations failed to meet the reality. However, the currency pair is ready to develop its upside tendency. We think that it is a good idea to open long 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 fluctuating in a small range 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 declined considerable as EUR continues to grow. We can see a clear downside tendency but the currency pair is close to the lower side of the MA-channel and it is better to do nothing today. We think that USD/CHF is likely to start a correction towards the trend line on the Hourly chart.


There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a range last week and declined on Friday 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 August 28, 2017


GOLD (XAUUSD)





Gold fluctuated in both directions on Friday and there was no clear tendency. Those fluctuations were provoked by Janet Yellen speech during Jackson Hole symposium. The FOMC head avoided to talk directly about the future of the monetary policy and the probabilities of Interest Rates hike on December. Market participants decided to push USD downwards. Gold is likely to develop its upside tendency within this week. However, we give no recommendations at the moment.


There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was in a tight range last week. We think XAU/USD is likely to develop its growth in the next couple of days.


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


SILVER (XAGUSD)





Silver had no direction on Friday as well. However, we think it is likely to start its growth in the nearest future. We give no recommendations at the moment. Silver has less prospects to grow than Gold and we advise to stay alert.


There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading in a small range last week. We think that XAG/USD is likely to start 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.

Technical Outlook August 29, 2017

EURUSD



The currency pair had a downside correction yesterday according to our expectations and then resumed its upside tendency and even established new weekly highs. This downside correction was limited and the price remained close to the upper side of the MA-channel. USD is under the pressure after the comments of the FOMC President Janet Yellen as she gave no hints on the probability of further monetary policy tightening. Market participants have doubts that the Federal Open Market Committee is going to hike Interest Rates again this year.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week and then had a sharp growth on Friday. We think that EUR/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.

GBPUSD



The currency pair had a narrow correction and then resumed its growth. The price is far from the MA55 balance line and we give no recommendations. As for the important data, today market participants are likely to pay attention to the Conference Board Consumer Confidence index, which is expected to be worse than the previous one. USD is able to develop its decline in case if the final result meets forecasts or declines even further.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations but it had some growth on Friday. 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 avoid trading today as the situation is unclear.

AUDUSD



The currency pair failed to approach the MA55 balance line and declined on the American session only. There was no sense to open trades at that very moment. We think it is a good idea to open long trades from the MA55 balance line today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations. We think that AUD/USD us 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 or from the trend line. Place stop losses below the indicators.

USDCHF



The currency pair had a correction yesterday and then resumed its decline and established new lows. We give no recommendations today as the price is far from the MA55 balance line. We also advise to avoid risky trades as the price is unstable. We think that USD/CHF is likely to continue its decline.

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

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


Gold and Silver Technical Outlook August 29, 2017

GOLD (XAUUSD)



Gold had some growth yesterday but we gave no recommendations, as there was no trend. We can see an upside tendency at the moment, but the price is close to the upper side of the MA-channel. XAU/USD had a growth after Friday’s Federal Open Market Committee head Janet Yellen speech. We think it is a good idea to look for long trades from the MA13 today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was trading in a tight range last week. We think that XAU/USD is likely to resume its growth in the next couple of days.

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

SILVER (XAGUSD)



Silver had a significant growth yesterday. We gave no recommendations yesterday as there was no tendency. However, today we see an upside tendency, but the price is close to the upper side of the MA-channel and it is better to do nothing.

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

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

Technical Outlook August 30, 2017

EURUSD



The currency pair established new highs yesterday but declined during the American session, starting a correction. Then, EUR/USD resumed its decline because of the better than expected US CB Consumer Confidence data.

The price is back towards the MA55 balance line and here you can look for long trades. However, there is a probability, that the currency pair is able to develop its correction. USD has got some support as the tensions between the United States and the Northern Korea grow again. We advise to pay attention to today’s US ADP Non-Farm Employment change data, which is to be released during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a limited range last week and had a considerable growth on Friday. 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 today from the MA55 balance line. Place stop losses below the indicator.

GBPUSD



The currency pair stopped its tendency as it has established new highs yesterday. The US CB Consumer Confidence index was much better than expected and gave some additional support to USD. This was one of the reasons, the American currency has shown its growth yesterday. However, we think that the currency pair offers opportunities to open long trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating is a tight range last week and had some growth on Friday. 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 close to 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 established new highs of the week and almost reached the MA55 balance line. There were opportunities to open long trades and to take profit, which is equal to 500pips. The price is far from the MA55 balance line today and we advise to do nothing and to monitor the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a limited range 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 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 declined sharply towards the two year low and then went upwards. This support was strong and USD/CHF jumped off it. There is no tendency currently and we give no recommendations for this reason. We think that USD/CHF is likely to have difficulties trying to decline again.

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

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


Gold and Silver Technical Outlook August 30, 2017

GOLD (XAUUSD)



Gold offered an opportunity top open long trades from the MA13 and was in the profit area, allowing to take 5USD. It was enough to protect trades and fix positions partially. There was no further growth and the price reversed for a correction. XAU/USD is close to the MA55 balance line today and there is an opportunity to buy from there.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was in a limited range last week. We think that XAU/USD is likely to resume its growth in the next couple of days.

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

SILVER (XAGUSD)



Silver bounced off the MA13, but we gave no recommendations. We had some doubts that Silver would be unable to resume its growth. It was surprising, that XAG/USD had a significant growth. We think it is a good idea to look for long trades from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading in a limited range last week. We think that XAG/USD is likely to resume its growth in the next couple of days.

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