official Daily Analysis by AdamantFinance.com

[Adamant Finance]

Technical Outlook August 23, 2017

EURUSD

The 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.

GBPUSD

The 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.

AUDUSD

The 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.

USDCHF

The 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, 2017

GOLD (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.

[Adamant Finance]

Technical Outlook August 24, 2017

EURUSD

The 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.

GBPUSD

The 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.

AUDUSD

The 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.

USDCHF

The 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, 2017

GOLD (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.

[Adamant Finance]

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.

[Adamant Finance]

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.

[Adamant Finance]

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.

[Adamant Finance]

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.

[Adamant Finance]

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.

[Adamant Finance]

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.

[Adamant Finance]

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.

[Adamant Finance]

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.

[Adamant Finance]

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.

[Adamant Finance]

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.

[Adamant Finance]

Technical Outlook September 7, 2017

EURUSD

The 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.

GBPUSD

The 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.

AUDUSD

The 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.

USDCHF

The 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, 2017

GOLD (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.

[Adamant Finance]

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.

[Adamant Finance]

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.

[Adamant Finance]

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.

[Adamant Finance]

Technical Outlook September 13, 2017

EURUSD

The currency pair had some growth yesterday and you could have 250 pips profit if you had opened trades according to our recommendations. It was enough to protect your positions and to fix some of them. Then, the price went towards the weekly lows and returned back sharply. We can see a false break out. We think that EUR/USD is likely to resume its upside tendency in the nearest future. The price makes some attempts to cross the MA55 balance line now.

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 and then had a sharply growth on Thursday and 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 s 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 went upwards yesterday after the better than expected UK Inflation data. Long trades were successful and you could earn about 1300 pips. You had an opportunity to fix trades or to protect them. The price is far from the MA55 balance line today 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 went upwards last week. We think that GBP/USD is likely to develop its upside tendency and then to start a 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 avoid trading today as the situation is unclear.

AUDUSD

The currency pair established a downside tendency but it shows no intention to develop its decline. We think that AUD/USD is likely to change its tendency in the nearest future and this reverse may be sharp. We think it is not a good idea to look for short trades now. It is better to prepare for a reverse.

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

USDCHF

The currency pair continued to fluctuate close to the upper side of the MA-channel and we gave no recommendations. The price reached the trend line and bounced off it. This is a sign of further reverse. We advise to monitor the price today as it is close to the MA55 balance line. We think that USD/CHF is likely to cross the trend line and to develop its downside tendency in the nearest future.

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 13, 2017

GOLD (XAUUSD)

Gold went upwards yesterday and almost reached the MA55 balance line. It happened today, during the Asian session. We think that you can try short trades from the MA55 balance line today. The US CPI data is going to be released within the American session and Gold prices may resume their growth as we do not expect the US inflation to grow.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold develop 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 close to the MA55 balance line. We advise to sell from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)

Silver offered an opportunity to sell from the MA55 balance line in the end of the American session according to our recommendations. It is better to do nothing at such moments as Silver prices always have low volatility during the American and Asian sessions. If you have positions, it is better to close them as the price jumped through the MA55 balance line and this is a bad sign for the Bears.

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

[Adamant Finance]

Technical Outlook September 14, 2017

EURUSD

The currency pair fluctuated above the MA55 balance line but failed to reverse a tendency. However, later EUR/USD declined according to the current downside tendency. USD becomes stronger on the eve of today’s US CPI data. We give no recommendations as the price is close to the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within a range last week according to our expectations but went upwards on Thursday and 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 reversed its tendency as it bounced off the trend line on the Weekly chart. There is the Bank of England meeting on the way which may have significant impact on fluctuations. There is also US CPI data to pay attention to. Those figure are also likely to shake markets.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week. WE think that GBP/USD is likely to make another upside momentum and then to start a correction.

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

AUDUSD

The currency pair continued its downside tendency yesterday within the American session after the US data. There was some attempts to change tendency but Bulls were unable to reverse a trend. Today’s Australian Labor Market data was better than expected and AUD/USD has got some momentum. However, it is still under the pressure. There is an opportunity to sell now at a rather good position.

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

USDCHF

The currency pair fluctuated close to the trend line for long time and tested it. We thought that the price bounced it off and it seemed like USD/CHF has made a reverse. However, later the currency pair tested the trend line again and crossed it finally. The price is still far from the MA55 balance line but you can try long trades from the trend line or from the MA55 balance line if the price moves closer to the indicator.

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 declined in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the trend line or from the MA55 balance line (if the price is going to reach the indicator). Place stop losses below those indicators.

Gold and Silver Technical Outlook September 14, 2017

GOLD (XAUUSD)

Gold declined as the US PPI data was better than the previous meaning. The PPI growth was weaker than expected, but producer inflation is above the previous figure. This is a good sign for USD. Today we advise to pay attention to the US CPI data as the volatility is going to rise.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The precious metal developed its growth last week according to our expectations. We think that XAU/USD is going to change its tendency and to decline in the next couple of days.

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

SILVER (XAGUSD)

Silver went upwards but then declined sharply. We think that the current pattern indicates on the probability of further decline of XAG/USD. There is the downtrend currently and we think it is a good idea to sell today.

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. Place stop losses above the indicator.

[Guest andengireng]

 

 

AUDUSD today September 15, 2017. There is a bearish indication (down), Sell opportunity can be taken with TP in area 0.79709. Alternatively consider if the support at 0.79650 breaks as it could potentially depress further AUDUSD to 0.79300 area. If the resistance at 0.80063 breaks, it will probably change the movement to Bullish up to 0.80424 area.

[Adamant Finance]

Technical Outlook September 15, 2017

EURUSD

The currency pair went upwards yesterday and had a moderate growth after the US CPI data, which was mixed. The final result was better than expected, but the current figures are lower than the Fed wants to reach in order to continue monetary policy tightening. Anyway, we have a downside tendency at the moment and we advise to look for short trades.

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. 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 as the price is below the MA55 balance line. We advise to sell form the MA55 balance line area. Place stop losses above the indicator.

GBPUSD

The currency pair went upwards sharply after the Bank of England meeting as the head of the financial institution has made some unexpected announcements on the probability of Interest Rates hike in the nearest future as the inflation rises and the BoA has a mandate to contain it. Those comments lead to a new growth and the currency pair went towards the yearly highs. GBP/USD crossed the trend line on the Weekly chart and we think that the currency pair is likely to develop its growth in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards yesterday and that was unexpected. We think that GBP/USD is likely to make another strong upside momentum and then to start a 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 avoid trading today as the situation is unclear.

AUDUSD

The currency pair allowed to open short trades according to our recommendations and take about 500 pips profit. There was an opportunity to fix all trades or close them partially and to protect the rest. It is better to make a stop today as we have already taken some profit and the currency pair seems to change its tendency. 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. 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 the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

The currency pair offered no opportunities to sell from the trend line. If you sold from the MA55 balance line, you could have losses. We think you can try to buy today from the MA55 balance line as the currency pair is likely to resume its growth in the nearest future.

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 close to the MA55 balance line. We advise to open long trades form the MA55 balance line. Place stop losses below the indicator.

Gold and Silver Technical Outlook September 15, 2017

GOLD (XAUUSD)

Gold had a moderate reaction to the US CPI data as inflation is still lower than expected by the Federal Open Market Committee. The market participants have doubts that the Fed is going to hike Interest Rates one more time this year. There was an opportunity to sell and to take some profit during the American session. 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 precious metal went upwards last week according to our expectations. We think that the price is likely to reverse 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 avid trading today as the situation is unclear.

SILVER (XAGUSD)

Silver offered an opportunity to open short trades from the MA55 balance line area according to our recommendations and you could earn about 20 pips during the American session. There is no trend today and we think that XAG/USD is going to change its tendency in the nearest future as the price is trying to cross the trend line on the Hourly chart.

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