Thread: Adamant Finance - Daily Analysis

Technical Outlook August 31, 2017

EURUSD



The currency pair declined with the same speed that it had when it was growing previously. We think that EUR/USD has made a reverse and is going to develop this downside tendency. What are the main reasons for such a sharp decline? Those are the better than expected US GDP data and ADP Non-Farm Payrolls. The Advance US GDP data reached 3,0% against 2,6%. The number of investors, who believe in the probability of the Interest Rates hike on December increased as the FedWatch Tool reached 40,6% against about 36% earlier this week. We think that the currency pair 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 was fluctuating in a limited range last week and went upwards on 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 was the most resistant as it held its positions when the others were defeated by USD. However, we think that GBP/USD is likely to decline in the nearest future. There is no tendency currently and we give no recommendations (if you want, you may look for short trades). There are many releases today from Eurozone and the United States. However, we think that market participants are looking forward to see today’s and tomorrow’s US data.

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 and had a growth on Friday. We think that GBP/USD is likely to develop its growth in the next couple of days.

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

AUDUSD



The currency pair changed its tendency as you may see it on the chart and has broken through the trend line on the Hourly timeframe. The last fact proves that AUD/USD is likely to develop a downside tendency in the nearest future. We advise to open short trades at the moment from the broken through trend line or 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 range last week according to our expectations. We think that AUD/USD is likely to develop an 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 or from the trend line. Place stop losses above the indicators.

USDCHF



The currency pair continued its upside dynamics yesterday and established an upside tendency. USD/CHF has broken out the trend line on the Hourly chart. This fact proves that the market participants are buying more than selling. We think it is a good idea to look for long trades from 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 fluctuating in a limited range last week and declined on Friday, according to our expectations. We think 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 or from the trend line. Place stop losses below those indicators.

Technical Outlook September 1, 2017

EURUSD



The currency pair is trying to reverse its current tendency and to go upwards due to the US data, which pushes USD downwards again. Personal Spending is weak as well as Consumer Prices. Those figures may prevent the Federal Open Market Committee from the next Interest Rates hike, which is planned for December. Today we advise to pay attention to the US Labor Market and Average Hourly Earnings data, which is able to change the situation. However, Labor Market data is unable to change the situation whatever the figures will be as the Fed is paying more attention to the inflation than to Labor Market currently.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a range last week according to our expectations and had a sharp growth on Friday. We think 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 close to the MA55 balance line. We advise to avoid trading today as the important data is expected and the current situation is unclear.

GBPUSD



The currency pair made a spike yesterday and we think it has some difficulties to develop its downside tendency. There are two probabilities for today. The currency pair is likely both to grow or to decline. However, even stronger than expected US Labor Market data is unable to push GBP/USD significantly downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a range last week according to our expectations and went upwards on Friday. We think that GBP/USD is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We give no recommendations today as the situation is unclear. Pay attention to today’s US Labor Market and Average Hourly Earnings data, which is able to increase volatility.

AUDUSD



The currency pair almost reached the trend line in the end of the American session and tried to decline again during the Asian session. However, we think that AUD/USD is unlikely to decline after yesterday’s data. We advise to fix trades from the trend line as we think that AUD/USD is going to develop its upside tendency 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 is likely to develop its growth in the next couple of days.

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

USDCHF



The currency pair reached the trend line in the end of the American session. It was too late to open trades at that moment but if you managed to, you could have some profit by now. We advise to fix trades if you have some as there is a probability that the currency pair is going to decline after the US data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was fluctuating in a limited range last week according to our expectations and declined on Friday. 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 September 1, 2017

GOLD (XAUUSD)



Gold had a sharp upside tendency on Thursday as the US data was worse than expected. Yesterday’s Personal Spending and consumer price data was weak and did not met Fed’s expectations. It means that the Federal Open Market Committee is likely to postpone the next Interest Rates hike and is unlikely to do any steps on December. This is the main reason why precious metals are growing. There are several Labor Market and Average Hourly Earnings releases today, but they are unlikely to change the situation considerably.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was trading in a range last week according to our expectations. WE think that XAU/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver went upwards yesterday but failed to establish new highs. We think that XAG/USD is going to do it today after the US Labor Market and Average Hourly Earnings releases. We give no recommendations as there is no tendency at the moment.

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

There is 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 September 1, 2017


EURUSD





The currency pair is trying to reverse its current tendency and to go upwards due to the US data, which pushes USD downwards again. Personal Spending is weak as well as Consumer Prices. Those figures may prevent the Federal Open Market Committee from the next Interest Rates hike, which is planned for December. Today we advise to pay attention to the US Labor Market and Average Hourly Earnings data, which is able to change the situation. However, Labor Market data is unable to change the situation whatever the figures will be as the Fed is paying more attention to the inflation than to Labor Market currently.


There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a range last week according to our expectations and had a sharp growth on Friday. We think 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 close to the MA55 balance line. We advise to avoid trading today as the important data is expected and the current situation is unclear.


GBPUSD





The currency pair made a spike yesterday and we think it has some difficulties to develop its downside tendency. There are two probabilities for today. The currency pair is likely both to grow or to decline. However, even stronger than expected US Labor Market data is unable to push GBP/USD significantly downwards.


There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a range last week according to our expectations and went upwards on Friday. We think that GBP/USD is likely to develop its growth in the next couple of days.


There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We give no recommendations today as the situation is unclear. Pay attention to today’s US Labor Market and Average Hourly Earnings data, which is able to increase volatility.


AUDUSD





The currency pair almost reached the trend line in the end of the American session and tried to decline again during the Asian session. However, we think that AUD/USD is unlikely to decline after yesterday’s data. We advise to fix trades from the trend line as we think that AUD/USD is going to develop its upside tendency 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 is likely to develop its growth in the next couple of days.


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


USDCHF





The currency pair reached the trend line in the end of the American session. It was too late to open trades at that moment but if you managed to, you could have some profit by now. We advise to fix trades if you have some as there is a probability that the currency pair is going to decline after the US data.


There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was fluctuating in a limited range last week according to our expectations and declined on Friday. 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 September 1, 2017


GOLD (XAUUSD)





Gold had a sharp upside tendency on Thursday as the US data was worse than expected. Yesterday’s Personal Spending and consumer price data was weak and did not met Fed’s expectations. It means that the Federal Open Market Committee is likely to postpone the next Interest Rates hike and is unlikely to do any steps on December. This is the main reason why precious metals are growing. There are several Labor Market and Average Hourly Earnings releases today, but they are unlikely to change the situation considerably.


There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was trading in a range last week according to our expectations. WE think that XAU/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


SILVER (XAGUSD)





Silver went upwards yesterday but failed to establish new highs. We think that XAG/USD is going to do it today after the US Labor Market and Average Hourly Earnings releases. We give no recommendations as there is no tendency at the moment.


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


There is 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 September 4, 2017

EURUSD



The currency pair was trading in both directions after the weaker than expected US Labor Market and Average Hourly Earnings data. Those figures did not met the FED’s expectations and the statistic is likely to be taken into account when the Federal Open Market Committee is going to take their another decision. However, the currency pair went upwards for a while and then returned to its previous positions on Friday. We think that EUR/USD is likely to have limited dynamics as there is a holiday in the United States.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week but then declined with the same speed. We think that EUR/USD is likely to be fluctuating in a range in the next couple of days.

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

GBPUSD



The currency pair had an upside tendency on Friday and established new highs of the week. The US Labor Market and Average Hourly Earnings data was disappointing and GBP/USD has chosen an upside direction. However, the growth was moderate as there are long holidays in the United States. We think that the currency pair is likely to have limited volatility due to the Labor Day in the United States.

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

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

AUDUSD



The currency pair reached the weekly highs on Friday. However, the growth was moderate. We think that market participants were inactive due to the upcoming holidays in the United States. We expect noting interesting today but we think that the currency pair is likely to choose any direction tomorrow.

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

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

USDCHF



The currency pair was fluctuating with high volatility on Friday without any clear direction. We think that USD/CHF is likely to form a Triangle or a horizontal channel . Anyway, there is no tendency at the moment and we expected the currency pair to be fluctuating in a limited range today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined considerably last week but then went upwards on Friday. We think that USD/CHF is likely to establish a wide range in the next couple of days.

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


Gold and Silver Technical Outlook September 4, 2017

GOLD (XAUUSD)



Gold developed its upside tendency on Friday after the weaker than expected US Labor Market and the Average Hourly Earnings data. Those figures were disappointing and XAU/USD has got additional support against USD. US Interest Rates hike odds decreased. Low inflation and the weak Labor Market data are two main reasons why the Federal Open Market Committee is likely to postpone the monetary policy tightening. Gold dynamics support this idea.

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

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

SILVER (XAGUSD)



Silver went upwards on Friday as well and established new highs from April. We give no recommendations today as the price is close to the upper side of the MA-channel.

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

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

Technical Outlook September 5, 2017

EURUSD



The currency pair fluctuated in both directions in a tight range yesterday according to our expectations. There was the holiday in the United States and the volatility was low due to low volumes. There are several important figures today including Eurozone PMI and Retail Sales data. Trading volumes are going to restore today and we think that EUR/USD is likely to increase its volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had the expected growth last week, but then decreased sharply on Friday. We think that EUR/USD is likely to establish a trading range 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 declined yesterday and change its tendency. There is no trend currently. There is important UK PMI data on the way and we think it may lead to some significant fluctuations. There is no tendency currently and we advise to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that GBP/USD is likely to establish a trading range 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 fluctuated in a tight range yesterday according to our expectations due to the US holiday. AUD/USD went upwards during the Asian session after the Australian and Chinese data. The reserve Bank of Australia is going to finish its meeting in the couple of hours. Market participants expect this financial institution to leave the monetary policy unchanged.

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 be trading in a range in the next couple of days.

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

USDCHF



The currency pair had a support at 0,95500 and is unable to cross it. There is no tendency currently and we have no idea what direction USD/CHF is likely to choose in the nearest future. We advise to monitor the currency pair in order to see what tendency it is going to establish. There is important Swiss GDP and inflation data on the way. The currency pair is likely to choose any direction after those figures depending on the results.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined considerably last week according to our expectations, but then went upwards sharply. We think that USD/CHF is likely to establish a range in the next couple of days.

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


Gold and Silver Technical Outlook September 5, 2017

GOLD (XAUUSD)



Gold stopped its growth on the yearly highs due to the US holidays. However, there are some reasons for XAU/USD to resume its growth including tensions between the United States and the Northern Korea as well as the probability of the next Interest Rates hike to be postponed. We think that Gold is likely to choose the upside direction in the nearest future.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is 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 had low volatility yesterday but we expect this precious metal to gain some volumes today. The price is moving towards the MA55 balance line and we think the XAG/USD is likely to bounce off it. Silver is in the uptrend currently and we advise to open long trades today.

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

There is the 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.

Technical Outlook September 6, 2017

EURUSD



The currency pair continues to fluctuate within a tight range. Yesterday’s Eurozone data was worse than expected as all separate figures disappointed market participants. Investors are on the crossroad now as they need to choose any direction and have no idea what to do next. We think that the European Central Bank meeting, which is to be held tomorrow, will clarify the situation and help market participants to make any decision. 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 went upwards last week according to our expectations, but then decline sharply on Friday. We think that EUR/USD is likely to establish a range 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 had a sharp growth yesterday despite worse than expected UK PMI data. The currency pair had made some attempts to decline last week but failed to cross 1,29000 level. This week GBP/USD was ready to make an upside momentum and this happened yesterday. There is an upside tendency no and we think it is time to look for long trades.

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

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

AUDUSD



The currency pair established new highs. The price goes upwards at the moment. We think it is a good idea to look for long trades. Today’s Australian data was disappointing as they were weaker than expected. However, AUD/USD failed to go downwards and we think it is going to resume its growth in the nearest future.

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

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

USDCHF



The currency pair fluctuated in both directions yesterday and crossed the support line at 0,95500. USD/CHF was above this level for the most part of the American session and crossed 0,95500 in the end of this session finally. There is the downtrend currently and we think it is a good idea to look for short trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week according to our expectations but went upwards on Friday. We think that USD/CHF is likely to establish a wide range 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.


Gold and Silver Technical Outlook September 6, 2017

GOLD (XAUUSD)



Gold offered opportunities to buy from the MA55 balance line area according to our recommendations. You could earn about 150 pips yesterday. Growth prospective are lower already but you can still try to open long trades form the MA55 balance line today. US data is weak and the tensions between the United States and Northern Korea may result in the further uptrend.

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

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

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and there was no opportunity to buy. It is better to be cautious now as there is a probability of a downside correction. However, there is an opportunity to open long trades from the MA55 balance line with small stop losses.

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

There is the 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 September 7, 2017EURUSDThe currency pair continued its fluctuations within a range yesterday as the market participants are looking forward to see the results of today’s European Central Bank meeting, which takes place during the European session.This event is going to influence further EUR/USD fluctuations. USD has got some support yesterday as the US President approved the increase of governmental debt limits. Everything depends today on the decisions and comments from the ECB Head Mario Draghi and his colleagues.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week, but then declined sharply. We think that EUR/USD is likely to establish a trading range 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.GBPUSDThe currency pair established new highs but reversed sharply and returned to its previous positions. This means that the upside tendency is weak at least and there is a probability of a reverse. However, we have noticed that all the majors decreased volatility on the eve of the European Central Bank meeting. We advise to do nothing today at least before the results of the ECB meeting.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated with an upside bias according to our expectations last week. We think that GBP/USD is likely to establish a range 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 declined towards the MA55 balance line yesterday and there was an opportunity to open long trades according to our recommendations. The price went in the direction of forecast and allowed to earn about 400 pips. It was enough to fix trades. Australian Retail Sales data was weak and you can see the results on the chart. We think that the further AUD/USD fluctuations will depend on the ECB meeting results and the ECB head’s comments.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 establish a range or 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 went upwards towards the MA55 balance line yesterday and there was an opportunity to sell from there according to our recommendations. The price took the right direction and you could earn about 350 pips. There was no difficulties to fix trades partially. Today’s currency pair fluctuations will depend on the results of the European Central Bank meeting.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week according to our expectations, but then returned to its previous positions. We think that USD/CHF is likely to establish a wide trading range in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.Gold and Silver Technical Outlook September 7, 2017GOLD (XAUUSD)Gold went towards the MA55 balance line and there was an opportunity to sell from there according to our recommendations. The price went in the direction of our forecasts and you could have about 45 pips profit. It was enough to fix trades or to protect them. Gold went downwards later as Donald Trump approved the increase of the US governmental debt limits. XAU/USD’s fluctuations will depend on the results of the ECB meeting, which takes place today.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according to our expectations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.SILVER (XAGUSD)There was an opportunity to open long trades according to our recommendations yesterday. However, there was no sense to do it, as the opportunity appeared in the end of the American session. Silver slows down its growth at the moment and the price has broken the trend line on the Hourly chart. The MA-channel still looks upwards.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short trades from the trend line. Place stop losses above the line.

Technical Outlook September 8, 2017

EURUSD



The currency pair resumed its growth after the ECB meeting results as the European Central Bank members admit higher forecasts on GDP growth. Meanwhile, US data was worse than expected. Those two factors allowed EUR/USD to go upwards. We gave no recommendations yesterday as we advised to open trades after the ECB meeting. The currency pair continues its growth today during the Asian session and it left the MA-channel as EUR/USD crossed the upper side of the MA-channel. 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 had some expected growth last week according to our expectations, but then declined sharply. WE think that EUR/USD is likely to establish a range 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 established new highs after stronger than expected UK real estate market data. Another reason for this upside tendency was weaker than expected US data. GBP/USD developed its growth yesterday but no as aggressive as EUR/USD did. We think it is a good idea to look for long trades from the MA55 balance line. However, the price went upwards during the Asian session and you need to look for other probabilities to buy.

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 GBP/USD is likely to establish a range 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.

AUDUSD



The currency pair resumed its growth yesterday despite a weak Australian data. However, today’s Australian data was better than expected and the currency pair continues to grow. It is too late to open long trades now.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some slight growth last week according to our expectations. We think that AUD/USD is likely to develop its growth or to establish a range 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 speed up its decline after the European Central Bank meeting. We gave no recommendations yesterday as we advised to open trades according to situation. We give no recommendations today as well as the price is beyond the MA-channel lower border.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week but then went upwards sharply. We think that USD/CHF is likely to establish a range in the next couple of days.

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


Gold and Silver Technical Outlook September 8, 2017

GOLD (XAUUSD)



Gold established new highs after the European Central Bank meeting as the ECB members improved their GDP growth forecasts. US data was weaker than expected. We gave no recommendations yesterday but today you can look for long trades. The price is far from the MA55 balance line. You can try risky trades from the MA13.

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

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

SILVER (XAGUSD)



Silver went upwards ignoring technical patterns after the release of the results of the European Central Bank meeting. Those fluctuations resulted in a small stop loss as we advise to sell yesterday. The price is far from the MA55 balance line and we advise to avoid trading.

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

There is the 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 September 11, 2017

EURUSD



The currency pair established new tops on Friday and then went on correction, which is developing at the moment. We can see the uptrend currently, but this correction may be longer, than we expect. The price is close to the MA55 balance line but it is risky to buy right now as we have no idea, when the correction is going to stop. There is the probability that the correction is going to touch the trend line on the Hourly chart (1,19400-600 area).

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a range last week according to our expectations. However, is went upwards on Thursday and Friday after the release of the results of the European Central Bank meeting. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. Those trades are risky. You may also try to buy form 1,19500.

GBPUSD



There was no opportunity to buy from the MA13 as the price failed to reach this area. The upside tendency was too strong and the currency pair avoid to get closer to the MA13. There are several important UK data releases this week as well as the Bank of England Meeting. We think there will be some opportunities to take profit in the next five days.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week which was unexpected for us. We think that GBP/USD is likely to make another upside burst and to have a moderate 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.

AUDUSD



The currency pair had a correction on Friday after its growth during the Asian session. We advised to avoid trading and we were right. We think that AUD/USD is likely to fluctuate with low volatility as there is no important data on the way. You can try long trades with close targets.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an upside tendency 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 reached the MA55 balance line and we think it is time to look for short trades again. However, it is better to sell from better levels such as 0,95300. We think it is better to aim close targets.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week frustrating 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 open short trades from the MA55 balance line. Place stop losses above the indicator. Those trades are risky. You can also try to sell from 0,95300.


Gold and Silver Technical Outlook September 11, 2017

GOLD (XAUUSD)



Gold offered opportunities to buy from MA13 according to our recommendations on Friday. The price went upwards then for 40pips and it was enough to take profit or to protect trades. XAU/USD started this week with a gap and crossed the trend line. We think that XAU/USD is likely to start a deep correction, which may last for a couple of days.

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

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

SILVER (XAGUSD)



Silver made a Doji on the Weekly chart and we think this precious metal is likely to decline in the nearest future. We think that this correction is likely to be deep as it is strong and it is hard to stop it. We think it is a good idea to do nothing today as the volatility is expected to be low.

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

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

Technical Outlook September 12, 2017

EURUSD



The currency pair offered an opportunity to buy from the MA55 balance line according to our yesterday’s recommendations. The price went upwards in the forecasted direction for 250 pips. Is was enough to fix trades or to protect the rest of your positions. As for the second recommendations, long trades were opened from 1,19500. Stop losses are at 1,19400. The price is close to the strike now but we expect EUR/USD to develop its growth towards the MA55 balance line at least. In this case you will earn about 500 pips.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a range according to our expectations and had a sharp growth on Thursday and Friday after the release of the results of the European Central Bank meeting. 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 hold long trades from 1,19500 and avoid doing anything else.

GBPUSD



The currency pair reached the MA55 balance line after in the end of the American session and you had an opportunity to open long trades. In case if you placed a postponed order, it was executed at 1,31600. The price is above the orders now but this distance is not enough to protect trades. We think that the price is likely to move towards 1,3200 and even above. There is important UK CPI data today, which may drive the currency pair even higher in case if the result is better than expected.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some sharp growth last week. We think that GBP/USD is going to make another sharp upside momentum and to correct 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 hold long trades from the MA55 balance line. Stop loss should be placed below the indicator.

AUDUSD



The currency pair is under the pressure now as USD is going upwards. AUD/USD declined after today’s Australian data as PMI index was worse than expected. It is better to do nothing today as there is no tendency currently and we give no recommendations in this situation.

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

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

USDCHF



The currency pair offered an opportunity to sell from the MA55 balance line and from 0,9539 according to our recommendations. The price went in the direction of our forecasts and you could protect your trades by moving stop loss at breakeven level. The tendency has changed today and the price is close to the upper 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 declined significantly last week frustrating our expectations. 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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook September 12, 2017

GOLD (XAUUSD)



Gold declined on Monday according to our expectations. We gave no recommendations as there is no tendency currently. The MA-channel proves the downtrend today and we think it is a good idea to try selling from the MA55 balance line.

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

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

SILVER (XAGUSD)



Silver still has the opportunity to work out a Doji on the Weekly chart and we think it is better to look for short trades. The price may fail to go back towards the Ma55 balance line and we think it is a good idea to sell from the MA13. Aim close targets as we have a correction now.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its growth last week according to our expectations. We think that XAG/USD is likely to reverse its 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 from the MA13. Place stop losses above the indicators.