official Daily Analysis by AdamantFinance.com

[Adamant Finance]

Technical Outlook September 18, 2017

EURUSD

The currency pair went upwards on Friday after the weaker than expected US Retail Sales data. There is a very important event this week – the Federal Open Market Committee meeting. Market participants expect no changes during the meeting, but they look forward to hear something new about the future monetary policy changes and forecasts. There is important Eurozone CPI data today and we think that EUR/USD is likely to move upwards.

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

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

GBPUSD

The currency pair went upwards significantly on Friday after the market participants learned about the probabilities of monetary policy tightening in the nearest future. The price went beyond the MA-channel and we think it is better to do nothing at the moment. We think that the price is likely to start a correction towards the MA55 balance line and is going to reach this area by the middle of the week. Then, GBP/USD is likely to resume its growth.

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 and crossed a strong resistance level. We think that GBP/USD is likely to start a correction and then to resume its growth by the end of the week.

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 forms a pattern which indicates on the probability of a further upside tendency. We advise to be cautious on Friday. AUD/USD is almost ready to change its tendency, but it is better to wait until the MA-channel reverses as well. We advise to pay attention to the Reserve Bank of Australia meeting minutes, which will be released during the Asian session tomorrow. This event is likely to be a driver for the increase of the volatility.

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

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

USDCHF

The currency pair failed to grow last week and short trades were closed by stop losses. There are several reasons for USD/CHF to increase its volatility. Today we advise to pay attention to the Final Eurozone CPI data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week. We think that USD/CHF is likely to resume 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

Gold and Silver Technical Outlook September 18, 2017

GOLD (XAUUSD)

Gold declined towards the weekly lows and we think the precious metal is going to develop its downside tendency in the nearest future. As for the important events this week, we advise to pay attention to the Federal Open Market Committee meeting, which takes place on Wednesday. If the FOMC members make no clear hints on the probabilities of further monetary policy tightening, Gold is likely to start its growth.

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

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

SILVER (XAGUSD)

Silver failed to make a clear breakthrough of the trend line and we think it has no more power to contain the price. We advise to monitor the price today as Silver is likely to develop its decline.

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

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

[Adamant Finance]

Technical Outlook September 19, 2017

EURUSD

The currency pair fluctuated in a range yesterday as the market participants are looking forward to see the results of the Federal Open Market Committee meeting, which ends on Wednesday. The Eurozone CPI data had almost no influence on the fluctuations as they met the expectations. Today we advise to pay attention to the next Eurozone data such as ZEW Economic Sentiment. We also recommend paying attention to the US Building Permits 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 had a correction last week. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.

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

GBPUSD

The currency pair returned to the balance line faster that we had expected and we think it is a good idea to look for long trades today from the MA55 balance line. However, yesterday’s price decline was too fast and it is risky to open trades right now.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week and has broken through strong resistance level. We think that GBP/USD is likely to start a correction and then 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.

AUDUSD

The currency pair declined yesterday and there is no tendency currently. We though that AUD/USD was going to establish an upside tendency and was going to offer some trading opportunities. However, something went wrong and we advise to do nothing and to monitor the situation as the current market position is unclear.

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

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

USDCHF

The currency pair had almost no changes yesterday. Inflation data from Eurozone showed no changes as well. We advise to pay attention to the next set of Eurozone data today (including ZEW Economic sentiment) as well as to the US Building Permits data. However, we do not expect the rise of the volatility as the market participants will pay more attention to the results of the Federal Open Market Committee meeting.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards significantly last week. We think that USD/CHF is likely to resume 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.

Gold and Silver Technical Outlook September 19, 2017

GOLD (XAUUSD)

Gold developed its negative tendency on Monday as the Interest Rates hike odds increased in the United States. It is hard to say what is the reason for such hike as the inflation data was worse than expected last week. However, investors want to see the FED head’s comments. Janet Yellen may say something about further monetary policy tightening. The price is far from the MA55 balance line and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold reversed its tendency last week according to our expectations. WE think that XAU/USD 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.

SILVER (XAGUSD)

Silver accelerates its decline yesterday, but we missed the chance to open trades. We think that this is the strongest movement this week that we have failed to take profit from. It happened because the price failed to reach the MA55 balance line. There was no opportunity to sell with lower risks.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver developed its growth last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days as Silver has a correction at the moment.

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.

[Adamant Finance]

Technical Outlook September 20, 2017

EURUSD

The currency pair fluctuated in a range yesterday after a sharp momentum during the Asian session. There was an opportunity to buy and you could have 500pips profit. The situation is the same today as the price went upwards during the Asian session. Yesterday’s ZEW Economic sentiment data was mixed. Market participants are looking forward to see the release of the results of the Federal Open Market Committee meeting. Investor expect Janet Yellen to say something about the probabilities of the next Interest Rates hike on December 2017.

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

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

GBPUSD

The currency pair declined below the MA55 balance line yesterday. There was an opportunity to buy according to our recommendations and stop losses triggered. There were risks as fluctuations were volatile. The currency pair seems to go downwards in the nearest future as it changes its tendency.

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 as it crossed strong resistance level according to our expectations. WE think that GBP/USD is likely to start a correction in the next couple of days.

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

AUDUSD

The currency pair had an upside tendency yesterday and there is no global trend no. We give no recommendations. We advise to pay attention to today’s Federal Open Market Committee meeting results as this event is likely to increase volatility and be the reason of a trend.

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

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

USDCHF

There is no tendency currently as the currency pair has stopped its downtrend recently. We do not believe that the market participants are going to show any activities before the Federal Open Market Committee meeting result release

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a significant 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 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.

Gold and Silver Technical Outlook September 20, 2017

GOLD (XAUUSD)

Gold paused its decline yesterday as the market participants expect the Federal Open Market Committee to say something on the probability of monetary policy tightening on December. We think that XAU/USD is likely to start any trend today and its direction will depend on the comments of the FED head’s Janet Yellen. It is better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gild reversed its tendency last week according to our expectations. We think that XAU/USD is likely to develop its decline as it is a part of a correction.

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.

SILVER (XAGUSD)

Silver stopped its decline as the market participants are looking forward to see the results of the Federal Open Market Committee meeting results. It is better to do nothing before the release of those results.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD is likely to decline as the precious metal is in a correction now.

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 21, 2017

EURUSD

The currency pair declined sharply after the release of the results of the Federal Open Market Committee meeting. The Interest Rate remained unchanged but Janet Yellen has made hints on the probability of another Interest Rates hike this year despite the fact that inflation is below the target level, set by the FED. Fed Watch Tool shows that 70% of market participants expect the FED to change the monetary policy on December. USD has got some support and we think that it is better to look for short trades in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that 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 had some growth yesterday after the UK Retail Sales data release, which showed better results. Retail Sales data was much better than forecasted. However, later during the Federal Open Market Committee Head’s comments, GBP/USD went downwards/ There was an opportunity to buy yesterday according to the recommendations, but those positions were closed by stop losses. The price fluctuated in a wide range yesterday and we can say that there was no significant decline, as GBP/USD went upwards on the eve of the event.

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 and crossed a strong resistance level according to our expectations. We think that GBP/USD is likely to start a downside correction in the next couple of days.

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

AUDUSD

The currency pair went upwards yesterday on the eve of the end of the Federal Open Market Committee meeting. However, when Janet Yellen gave her comments, AUD/USD went downwards sharply. We think that the currency pair is likely to develop its decline in the nearest future. It is better to look for short trades but when the price changes its tendency only. Now it is a good idea to do nothing.

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

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

USDCHF

The currency pair had no clear direction yesterday, but right after the end of the Federal Open Market Committee meeting, USD/CHF went upwards sharply and established a short term tendency for the nearest future. The price is close to the upper side of the MA-channel. If it goes downwards towards the MA55 balance line, you can try long trades.

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

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

Gold and Silver Technical Outlook September 21, 2017

GOLD (XAUUSD)

Gold developed its downside tendency yesterday after the release of the results of the Federal Open Market Committee meeting. Janet Yellen has made hints on the probability of further Interest Rates growth this year despite the fact that inflation is below the target level. About 70% of investors believe that the FED is going to hike Interest Rates again on December. This fact is going to help USD to go upwards in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. We think that the price is likely decline in the next couple of days.

SILVER (XAGUSD)

Silver declined yesterday. We think that XAG/USD is likely to develop this downside tendency in the nearest future as the FED announced the probability of another Interest Rates hike this year. We think it is a god idea to look for short trades in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD 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 sell from the MA55 balance line area. Place stop losses above the indicator.

[Adamant Finance]

Technical Outlook September 22, 2017

EURUSD

The currency pair established a downside tendency and approached the MA55 balance line. This is a good position for short trades, but we think that the correction is likely to reach 1,19800 level. You can try short trades right now but the stop loss should be placed upper than usually. We advise to lower the position size in order to manage your money and risks properly.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week according to our expectations. We think that 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 open short trades from 1,19500-1,19800 area. Place stop losses above those levels.

GBPUSD

The currency pair bounced off the MA55 balance line and you had an opportunity to fix your trades partially if you had opened short trades previously according to our recommendations. You could have about 400pips. GBP/USD had a sharp growth afterwards and has broken this unstable downside tendency. We think that it is a good idea to monitor the situation today and to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week and crossed strong resistance level. We think that GBP/USD is likely to develop a 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.

AUDUSD

The currency pair developed its downside tendency after the Reserve Bank of Australia Head’s comments. He disappointed all those who believed in the probability of Interest Rates hike in the nearest future. The RBA Head says that his organization will follow the neutral position as long as possible. AUD/USD went downwards in this situation. We think that the currency pair will be under the pressure in the nearest future.

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

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

USDCHF

The currency pair declined towards the MA55 balance line and we think that it is time to look for long trades. However, the price is able to push even lower and to reach 0,96400-500 levels. We advise to wait until the price ends its downside move and to take decisions when it happens. We also advise to lower the size of your trading positions in order to minimize risks.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a significant growth last week according to our expectations. We think that USD/CHF is likely to resume 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 0.96400-0,96700. Place stop losses below those levels.

Gold and Silver Technical Outlook September 22, 2017

GOLD (XAUUSD)

Gold failed to reach the MA55 balance line and developed its downside tendency yesterday. There was no opportunity to open short trades. We can see an upside correction currently, which is likely to reach the trend line on the Hourly chart. You can try selling Gold from those levels.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1305-1307 area. Place stop losses above the trend line.

SILVER (XAGUSD)

Silver declined yesterday and failed to reach the MA55 balance line offering no opportunities to sell. Today we have a correction which is able to last until the price reaches 17,10 level or trend line on the Hourly chart. It is up to you to choose whether to sell from 17,10 or from the trend line on the Hourly chart.

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

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

[Adamant Finance]

Technical Outlook September 25, 2017

EURUSD



The currency pair started a correction and went downwards even deeper than we had expected. It went below 1,19800. If you had opened short trades on Friday, they were closed by stop losses as the price went against forecasts for 250 pips which is too much for stop losses. Today we advise to pay attention to German IFO Business Climate data, which is likely to increase the volatility. It is better doing nothing at the moment 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 developed its downside correction last week according to our expectations. 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 is fluctuating within a wide range and we think GBP/USD is likely to decline moderately this week. There is no important data today and we think that the currency pair is likely to continue to fluctuate within this range without any changes.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated according to our expectations last week. We think that GBP/USD is likely to start a 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.

AUDUSD



The currency pair had an upside correction on Friday and is above to resume its downside tendency in the nearest future. AUD/USD is in a good place for short trades now and we think it is a good idea to sell. It is better to aim close targets as there are no reasons for the currency pair to go deeper downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but failed as USD went upwards after the Federal Open Market Committee meeting. 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 offered opportunities to open long trades from 0,96700, but if you placed an order, there was np chance to execute the trade. You could open positions manually, but the growth was moderate and it was hard to earn something in this situation. We advise to monitor charts today and to do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week frustrating our expectations. We think that USD/CHF is likely to develop this 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 as the situation is unclear.


Gold and Silver Technical Outlook September 25, 2017

GOLD (XAUUSD)



There was no opportunity to open trades according to our recommendations as the price failed to approach the trend line. The volatility was low and the price was able to approach the MA55 balance line. We advise to try opening short trades from 1300, 1302,000 on the Hourly chart.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1300-1302,000. Place stop losses above the trend line.

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and we give the same recommendations today. Precious metals are still under the pressure as the Federal Open Market Committee is likely to hike Interest Rates on December.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/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 open short trades from the MA55 balance line are or from the trend line. Place stop losses above those indicators.

[Adamant Finance]

Technical Outlook September 26, 2017

EURUSD

The currency pair declined yesterday after the final release of the results of German elections. Merkel held her current position and her party has won the majority, but her positions are not as stable as they were before as ultra right party has gained more votes this time. It means that Merkel has to start negotiations with them. We don’t think that this situation is going to influence EUR/USD for long time. However, there is the downtrend currently as the price has broken through the trend line on the Hourly chart. It is better to look for short trades now.

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

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

GBPUSD

The currency pair shifted towards the lower side of the range according to our expectations. We think that GBP/USD is likely to develop its downside tendency. We think it is a good idea to look for short trades from the MA55 balance line. AS for the important events, we advise to pay attention to Yellen’s speech, which takes place in the end of the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair has met our expectations last week. We think that GBP/USD is likely to start a correction in the next couple of days.

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

AUDUSD

The currency pair declined moderately as we had previously expected. You could earn not more than 300 pips if you had opened short trades from the MA55 balance line. There was no sense to hold trades more as the currency pair changed its tendency and it is in the neutral positions now. It is better to take no decisions now.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but USD went upwards after the release of the results of the Federal Open Market Committee meeting. We think that AUD/USD is likely to develop its correction in the next couple of days.

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

USDCHF

The currency pair went downwards as the tensions between the Northern Korea and the United States grow again. Swiss Franc is used as a shelter currency in this case and you can see it clearly on the chart. The currency pair is trying to establish a downside tendency and we think there is an opportunity to open short trades on the Hourly chart.

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 frustrating our expectations. We think that USD/CHF is likely to develop this upside tendency in the next couple of days.

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

Gold and Silver Technical Outlook September 26, 2017

GOLD (XAUUSD)

Gold went upwards sharply because of the growth of tensions between the Northern Korea and the United States. The US President and the Minister of Foreign Policy of the Northern Korea exchanged some rough comments.

Precious metals went upwards as they used as shelter in times of geopolitical instability. Short trades from the trend line were closed by small stop losses. Gold has broken through the trend line on the Hourly chart and we think that the precious metal is going to change its tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold develop a downside tendency last week according to our expectations. We think that XAU/USD 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 open trades from the trend line or from the MA55 balance line. Place stop losses beyond those indicators.

SILVER (XAGUSD)

Silver offered an opportunity to open short trades according to our recommendations and you could protect your trades. It is better to avoid selling from the trend line as XAG/USD is changing its tendency. It is better 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 developed its decline last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook September 27, 2017

EURUSD

The currency pair offered an opportunity to sell from the broken through trend line according to our recommendations. The price did not reach the line as such situations are rare for the market. There was no retrace and you could earn about 1000 pips. The currency pair is still under the influence of the German elections, which took place the last weekend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its correction last week according to our expectations. We think that EUR/USD is likely to continued 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.

GBPUSD

The currency pair offered opportunity to sell according to our recommendations. The price was close to the MA55 balance line and you had the chance to sell from there. If you opened those trades, you could earn about 1000pips. Janet Yellen protected her current plans to hike Interest Rates again and market participants expect the Federal Open Market Committee to tighten monetary policy again this year.

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 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.

AUDUSD

The currency pair establishes a downtrend and you can try short trades today. There are no important events to influence fluctuations and we think that AUD/USD is likely to follow USD’s dynamics. We still think that the target should be small.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but failed to do it as the Federal Open Market Committee announced the probability of another Interest Rates hike this year. 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 open short trades from the MA55 balance line. Place stop losses above the indicator.

USDCHF

The currency pair offered opportunities to open short trades from the MA55 balance line. If you entered the market, you could have small losses as USD/CHF failed to develop its downside tendency. The currency pair is in the neutral positions now. The tensions between the United States and the Northern Korea went down and we think that USD/CHF is likely to fluctuate according to the situation with USD. Is it better to do nothing today as the situation is unclear.

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

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

Gold and Silver Technical Outlook September 27, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open trades from the MA55 balance line. And from the trend line. In both cases you had no chance to win as there was no further upside tendency, but the price did enough to protect your trades. The Fed’s Head Yellen announced yesterday that the US Central Bank still consider the probability of Interest Rates hike this year. We give no recommendations as there is no tendency today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold had a downside correction last week according to our expectations. We think that XAU/USD 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

Silver offered an opportunity to buy from the MA55 balance line and those trades resulted in small losses. USD is on the uptrend now as the Federal Open Market Committee is likely to hike Interest Rates again this year. There is no tendency currently and we advise to do nothing.

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

There is 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 28, 2017

EURUSD



The currency pair developed its downside tendency yesterday as it is under the influence of the German Federal elections, which took part on Sunday. There is another reason for this downtrend – the Federal Open Market Committee has announced the probability of another Interest Rates hike this year. It is to mention that Interest Rates hike futures reached the 83% mark. However, yesterday we have seen the first signs of this tendency to slow down. We advise to be cautious when trading downwards.

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

GBPUSD



The currency pair declined yesterday during the Asian session and stopped its decline later. We think those are the signs that the downside tendency loses momentum. It is better to be cautious when trading downwards as you may catch a significant upside correction.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is 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 developed its decline yesterday and had an upside burst, but it was not enough to offer any trading opportunities. You can try to sell from the MA55 balance line today but we think that AUDUSD is likely to start a correction tomorrow. There is the probability that the correction is going to start today. You have to protect your trades in this case.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its upside tendency last week but failed as USD went upwards. We think AUD/USD is going 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 sell from the MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair continued to fluctuate without any clear tendency. The price is stable after the exchange of comments between the US and the Northern Korea. There is no clear tendency yet and we think it is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week frustrating our expectations. We think that USD/CHF is likely to develop this 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 September 28, 2017

GOLD (XAUUSD)



Gold developed its decline yesterday and established a downside tendency. Interest Rates hike odds increased and push Gold downwards. The Interest Rates hike futures reached 83% mark. This means that the market participants have no doubts that the Federal Open Market Committee is going to take the expected decision on December. We think that USD/CHF is likely to develop its decline. WE advise to open trades when the correction ends.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed downside correction last week according to our expectations. We think that XAU/USD is likely to continue 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 open short trades from 1288,000.

SILVER (XAGUSD)



Silver established a downside tendency and we think it is time to look for short trades from the MA55 balance line (if the price reaches this indicator). If Silver fails to make a correction before the American session, it is better to avoid trading.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that XAG/USD is likely to continue 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 open short trades from the MA55 balance line. Place stop losses above the indicator.

[Adamant Finance]

 

 

[Adamant Finance]

Technical Outlook September 29, 2017

EURUSD

The currency pair ended its downside tendency yesterday and thwarted an upside correction. If you opened a short trade, this positions would close by a stop loss. As you know, no trend lasts forever. There is no tendency currently and we give no recommendations. There are no events on the way, that may change the market situation today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our recommendations. 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 started its correction yesterday. If you had short trades, whey were closed by stop losses. There is no tendency today and we give no recommendations. As for the important events, pay attention to the US consumer spending data, which will 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 according to our recommendations last week. We think that GBP/USD is likely to start a 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.

AUDUSD

The currency pair offered an opportunity to open short trades during the American session. You had an opportunity to protect positions during the Asian session. There is a probability of another downside momentum and we advise to leave trades for a while as they are protected and you will have no loss in case if the price goes against your forecasted direction. AS for the important events today, we advise to pay attention to the US consumer spending 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 tried to resume its growth last week, but USD growth was strong. We think that AUD/USD is likely 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 continued to fluctuate without any clear tendency. It is fluctuating within a range now. We give no recommendations, as there is no trend currently. We advise to pay attention to the US consumer spending data, which is to be released during the American session.

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 this tendency in the next couple of days.

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

Gold and Silver Technical Outlook September 29, 2017

GOLD (XAUUSD)

Gold offered an opportunity to sell from 1288,000 during the American session and you had a chance to protect your trades during the Asian session. There is downside tendency currently and we advise to hold those short trades as your positions are protected. As for the important events, we advise to pay attention to consumer spending data, which is to be release during the American session.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades from 1288,000.

SILVER (XAGUSD)

Silver approached the MA55 balance line in the beginning of the American session offering opportunities to sell according to our recommendations. The price declined enough to move stop losses at breakeven level. Later, stop losses triggered. There is no tendency currently and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its downside tendency last week according to our recommendations. We think that Silver 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.

[Adamant Finance]

Technical Outlook October 2, 2017

EURUSD

The currency pair developed its correction on Friday but is showing some signs of further decline today. EUR is under the pressure due to the events in Spain where there was a referendum on Sunday. Catalons announced their victory, but the Spanish government accuse them in breaching the law. It is hard to say now, what will be next and investors prefer to sell EUR. The main event for this week is the US Labor Market data. It is also recommended to pay attention to the US and UK ISM and PMI data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside tendency last week according to our recommendations. We think that EUR/USD is likely to develop its downside correction in the next couple pf 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 continues its correction but we think it is likely to develop its decline in the nearest future. WE think that GBP/USD is likely to start its downside tendency even today. The price is likely to cross 1,33500 level and you can take this opportunity. It is better to wait until the price crosses this level and open trades when GBP/USD will go back to retest it.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week according to our expectations. We think that GBP/USD is likely to develop its 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 below the MA55 balance line. We advise to open short trades today from 1,33500. Place stop losses above this level.

AUDUSD

The currency pair declined and you had an opportunity to take about 350 pips. It was enough to fix positions and to protect the others. However, we think that AUD/USD is likely to develop its decline and to provide you even with more money.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/USD is likely 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 hold short trades from 0,78550.

USDCHF

The currency pair developed its neutral fluctuations within a small range on Friday. We think that USD/CHF is likely to develop some growth in the nearest future. However, there is no tendency currently and it is better to do nothing at the moment.

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

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

Gold and Silver Technical Outlook October 2, 2017

GOLD (XAUUSD)

There was no profit in the trade if you had opened positions on Friday as short trades from 1288,000 were closed by stop losses. USD resumed its growth despite the fact that the US data on Friday was worse than expected. XAU/USD established new lows. We think that Gold is likely to develop its downside tendency in the next couple of days.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed a downside correction last week according to our expectations. We think that XAU/USD is likely 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 MA13. Place stop losses above the indicator.

SILVER (XAGUSD)

Silver resumed its decline during the American session on Friday and continued its downside tendency today. There is the downtrend now and we think it is a good idea to look for short trades. We think that Silver has probabilities to resume its decline.

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

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

[Adamant Finance]

Technical Outlook October 3, 2017

EURUSD

The currency pair developed its moderate decline yesterday and established new lows during the Asian session. EUR/USD fluctuated in a range yesterday after its downside tendency during the Asian session. Eurozone PMI data was worse than expected and gave no support to EUR. Today we have similar situation as Asian session gives fuel to further fluctuations.

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

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

GBPUSD

The currency pair declined according to our expectations, but there was no retest of 1,33500 level and GBP/USD gave no opportunity to open trades. The UK PMI data was significantly weaker than expected and GBP went sharply downwards. We give no recommendations today as the price is close to the lower side of the MA55-channel.

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

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

AUDUSD

The currency pair fluctuates with no clear direction as the market participants are looking forward to see the results of the Reserve Bank of Australia meeting. Investors hope that the RBA head is going to make any hints on the probability of further monetary policy tightening in future. However, today the currency pair is likely to develop its decline towards 0,77400.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/USD 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 hold short trades from 0,78550.

USDCHF

The currency pair established new highs during the Asian session and is able to develop its upside tendency in the nearest future. We think it is a god idea to look for long trades from the MA13 as this growth may be strong and sharp. We think that currency pair shows some signs of an upside tendency and the chances for those trades to have positive outcome are high.

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

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

Gold and Silver Technical Outlook October 3, 2017

GOLD (XAUUSD)

Gold offered opportunity to open trades from the MA13 according to our recommendations and stop losses triggered. We think that XAU/USD is likely to make a correction towards the MA55 balance line and then Gold is likely to resume its decline. This downside tendency may last for a couple of days. We advise to sell from the MA55 balance line or even higher.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold had a downside correction last week according to our expectations. We think that XAU/USD 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 open short trades from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)

Silver offered opportunity to sell from the MA55 balance line and you could have 15 pips profit. It was enough to protect trades and to fix your positions partially. Precious metals are likely to start an upside correction today and we think it is a good idea to fix the rest of your positions or to leave them to chance.

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

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

[Adamant Finance]

Technical Outlook October 4, 2017

EURUSD

The currency pair had an upside correction yesterday and has broken its downside tendency. The MA-channel still looks downwards but the currency pair goes upwards and is far above the MA55 balance line. Today we advise to pay attention to the Eurozone PMI data as we think EUR/USD is likely to increase its volatility after the release of this data. We think that the currency pair is likely to fluctuate within a range 1,17000-1,18300.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/USD 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

The currency pair fluctuated in a range yesterday and we think it is going to start its growth today. We expected GBP/USD to reach 1.33500 level. However, we give no recommendations as the global tendency on the Hourly chart is downside. Today we advise to pay attention to the UK Services PMI and we think that GBP/USD is likely to increase its volatility after this release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week. We think that GBP/USD is likely to develop its upside 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 as the situation is unclear.

AUDUSD

The currency pair failed to reach 0,77400 level and reversed sharply upwards. We think that USD is weak as the US Labor market data is to be released in the nearest future. Today we advise to pay attention to the US ADP Non-Farm Employment Change. This data is a sort of prelude to the Friday’s US Unemployment Rate and Non-Farm Employment change.

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

USDCHF

The currency pair offered opportunity to buy from the MA13 and there was a chance to take profit as the price went in the direction of forecasts. 120 pips was enough to move stop losses at breakeven level. However, later the currency pair declined towards the MA55 balance line and crossed it during the Asian Session. We think USD/CHF is likely to fluctuate within a range 0,96850-0,97850.

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

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

Gold and Silver Technical Outlook October 4, 2017

GOLD (XAUUSD)

Gold failed to offer an opportunity to sell from the MA55 balance line as the price reached the indicator during the Asian session. We recommended to open short trades from the MA55 balance line or higher and we advise to open trades today from 1277,000. There is important US Labor market data today to be released. We think that this data is able to push Gold in the necessary direction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold had a downside correction last week according to our expectations. We think that the price 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 above the MA55 balance line. We advise to open short trades from 1277,000. Place stop losses above this level.

SILVER (XAGUSD)

Silver had a correction yesterday and we were right to recommend closing short trades yesterday. The price is close to the trend line and we think it is going to try to cross it In this case, we think that Silver is likely to change its tendency and there will be opportunities to buy from the trend line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that Silver 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 above the MA55 balance line. We advise to open long trades form the trend line. Place stop losses below the trend line.

[Adamant Finance]

Technical Outlook October 5, 2017

EURUSD

The currency pair fluctuates above the MA55 balance line and has broken the downside tendency. EUR/USD went upwards yesterday during the Asian session but failed to develop this tendency as the Eurozone data was weaker than expected. We have noticed yesterday, that the currency pair was going to be trading within a range 1,17000-1,18300. We advise to pay attention to the European Central Bank meeting minutes, which are to be released during the European session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/USD 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

The currency pair failed to grow yesterday and fluctuated within a limited range. We think that GBP/USD is likely to bounce off the trend line on the Hourly chart and is going to move towards 1,33500 level. IF this not happen today, we expected the currency pair to do it on Friday after the release of the US Labor Market data. We could recommend buying from the trend line, however, the MA-channel goes downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week according to our expectations. We think that GBP/USD is likely to develop its 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.

AUDUSD

The currency pair fluctuated within a range yesterday. AUD/USD declined sharply after the Australian Retail Sales data. We think that USD is likely to increase its influence on the eve of the US Labor Market data release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/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 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 failed to leave the range 0,96850-0,97850. We think that USD/CHF is likely to develop this tendency today. The only think that may change the situation is the release of the European Central Bank Meeting minutes.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a range. We think that USD/CHF is likely to develop its growth in the next couple of days.

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

Gold and Silver Technical Outlook October 5, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open trades according to our recommendations from 1277,000. However, those trades resulted in losses. The price went upper, than we had expected. The ADP data influenced the market, but the positions were closed at that moment. We think that Gold is likely to resume its decline today, but there is a probability, that Gold may fluctuate within a range on the eve of the US Labor Market data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold made a downside correction last week according to our expectations. We think that XAU/USD is likely to decline within a correction.

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 crossed the trend line and went back to it according to our recommendation. The price went upwards for 15 pips and it was enough to protect positions or to fix profit. The price went downwards later and the rest of the positions was fixed by stop losses. We think that Silver is likely to resume its decline today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. The price is likely to develop its correction in the next couple of days.

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

[Adamant Finance]

Technical Outlook October 6, 2017

EURUSD

The currency pair declined yesterday as the FED Interest Rates hike odds increase again. The European Central Bank’s meeting minutes had no surprises and had almost no influence on the price. USD went upwards as 88% of investors believe that the Federal Open Market Committee is going to hike Interest Rates on December. We advise to pay attention to today’s US Labor Market data. It is better to wait until the release of the US data before doing anything.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take any decision after the release of today’s US Labor Market data.

GBPUSD

The currency pair has broken through the trend line and went downwards after the comments of the Bank of England MPC’s member. He said that the market participants had misunderstood the latest words of the head of the Bank of England on the probability of Interest Rates hike. The price went downwards. We advise to pay attention to today’s US Labor Market data, which 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 had a downside correction last week according to our expectations. We think that GBP/USD is likely to develop its downside tendency in the next couple of days.

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

AUDUSD

The currency pair went downwards yesterday as USD goes upwards. USD growth is due to the increase of FED Interest Rates hike odds. We advise to pay attention to today’s US Labor Market data, which is able to increase volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside tendency last week according to our expectations. We think that AUD/USD 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 open trades after the US Labor Market data today.

USDCHF

The currency pair went above the uppers side of the trading range 0,96850-0,97850. This happened even before the US Labor Market data. We advise to pay attention to today’s US data, which is able to increase volatility.

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

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

Gold and Silver Technical Outlook October 6, 2017

GOLD (XAUUSD)

Gold declined yesterday according to our expectations. This happened due to the increase of the Interest Rates hike odds. The volume of investors, who believe that the Federal Open Market Committee is going to hike rates rose to 88%. We advise to pay attention to today’s US Labor market data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. We think XAU/USD 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

Silver failed to develop its decline yesterday. The price is close to 16,55 level, and is able to cross it after the release of today’s US Labor Market and Average Hourly Earnings data.

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

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

[Adamant Finance]

Technical Outlook October 9, 2017

EURUSD

The currency pair shows some signs of future reverse. The Friday’s US Labor Market data was mixed as the number of new jobs declined significantly but the Unemployment Rate declined as well. The Average Hourly Earnings data showed significant growth and reached 0,5%. This data is strong in a total and USD went upwards. However, market participants decided to sell USD by the end of Friday’s session as the US Non-Farm Employment data was significantly worse than expected. EUR/USD still establishes an upside tendency 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 developed its downside correction last week according to our expectations. We think that EUR/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.

GBPUSD

The currency pair is still under the pressure after the events of the last week. Some of the Bank of England’s Monetary Policy Committee members did comments on the probabilities of Interest Rates growth. They said that investors had misinterpreted the words of the Bank of England’s head. Another reason for GBP/USD to decline is a political situation in the United Kingdom as some political forces ask the prime minister to leave her position. We think that GBP/USD is likely to remain under the pressure in the next couple of days.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that GBP/USD is likely to develop its decline in the nearest future.

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 is still under the pressure. We think that today it becomes clear whether AUD/USD is going to change its tendency or resume its decline. This will depend on USD mostly.

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

There is the 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 offers opportunities to buy. You can try to open long trades aiming 700 pips profit from the current price. You will be able to fix profit in this area if everything goes according to our forecasts.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that USD/CHF is likely to 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 close to the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses below the indicator.

Gold and Silver Technical Outlook October 9, 2017

GOLD (XAUUSD)

Gold shows the weakness of USD as the Friday’s US Non-Farm Employment Change data was worse than expected and significantly decline as compared to the previous meaning. However, the Average Hourly Earnings and the Unemployment Rate were better than expected. Market participants first pushed Gold downwards and then decided to buy Gold. The speed of fluctuations increased today during the Asian session and there is no opportunity to open trades today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a Doji, which is clearly seen close to the broken through trend line.

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 has crossed 16,55 level and declined significantly. However later the price went upwards and reached the weekly highs. XAG/USD has crossed the weekly highs today during the Asian Session and we think that Silver is likely to develop its upside tendency in the nearest future.

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

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

[Adamant Finance]

Technical Outlook October 10, 2017

EURUSD

The currency pair fluctuated within a limited range yesterday as it is going to change its tendency in the nearest future. EUR/USD went upwards today during the Asian session as USD continues to decline. We think that the US currency is going to be under the pressure this week. EUR/USD changes its tendency changes its tendency today and it is a good idea 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 developed its downside correction last week according to our expectations. We think that EUR/USD is likely to grow 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 buy from the MA13. Place stop losses below the indicator.

GBPUSD

The currency pair went upwards yesterday despite all the factors that may push GBP downwards. There was an opportunity to sell according to our recommendations, but those trades were unsuccessful as stop losses triggered. We advise to pay attention to important UK data today as it may help the currency pair to develop its growth.

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

AUDUSD

The currency pair has got some additional support during the Asian session due to the Australian data. The NAB index was better than expected as the final reading was stronger than the forecast. We can see that AUD/USD is trying to reverse its tendency, but it is still in the neutral position.

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

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

USDCHF

The currency pair developed its growth yesterday and it was enough to protect trades and fix them partially. USD/CHF failed to reach its target but the price develops a reverse pattern. There is no tendency currently and the currency pair is able to reverse today. We think it is time to look for risky short trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that USD/CHF is likely to decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is 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 October 10, 2017

GOLD (XAUUSD)

Gold established an upside tendency yesterday but the price is far from the MA55 balance line. USD is under the pressure as the tensions between the Northern Korea and the United States grow again. In addition, United States and Turkey stopped to offer visas after Istanbul incident. We think that Gold 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. XAU/USD developed its downside correction last week according to our expectations. We think that Gold is likely to trade Doji on the Weekly chart, which is close to the trend line.

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 developed its growth during the Asian session. It is hard to open trades as XAG/USD’s growth is aggressive. The price is far from the MA55 balance line. We think that XAG/USD is likely to develop its moderate growth today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. WE think that Silver 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.

[Adamant Finance]

Technical Outlook October 11. 2017

EURUSD

The currency pair went upwards yesterday according to our expectations. There was an opportunity to open long trades according to our recommendations from the MA13. There was almost no retrace of price and you could earn about 400-500 pips without any problems. We think that EUR/USD is likely to start a correction towards the MA55 balance line today. As for the important data, pay attention to the Federal Open Market Committee meeting minutes, which are 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 developed its downside correction last week according to our expectations. We think that EUR/USD is likely to develop some growth in the next couple of days.

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

GBPUSD

The currency pair went upwards thanks to the better than expected UK Manufacturing data. The market participants are going to pay attention to today’s Federal Open Market Committee meeting minutes, which are to be released during the American session. We think that GBP/USD is likely to start a correction in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined according to our expectations last week. We think that GBP/USD is likely to developed 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.

AUDUSD

The currency pair established an upside tendency yesterday, but it is still too weak and the price is fluctuating within a range now. The currency pair went upwards today, during the Asian session, establishing new weekly highs, but then gave up all positions. We think that this situation indication on the probability of a reverse and today the currency pair is likely to resume its decline.

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

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

USDCHF

The currency pair offered an opportunity to open short trades according to our recommendations. The price approached the MA55 balance line offering opportunities to sell and then went downwards. Your eventual profit could reach 300-500 pips if you had opened trades. Today market participants are going to pay attention to the US Federal Open Market Committee meeting minutes.

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

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

Gold and Silver Technical Outlook October 11, 2017

GOLD (XAUUSD)

Gold went upwards according to our expectations. It was difficult to open trades as there was almost no retraces. We expect XAU/USD to make another upside burst and then to reverse its tendency downwards. Gold also may start to decline right now. The market participants are going to pay attention to the Federal Open Market Committee meeting minutes release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a doji, which is close to the trend line.

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 yesterday but it was almost impossible to open trades as there was no retraces. Silver develops its upside tendency for three days in a row and is likely to change it today as there is a probability of a correction.

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

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

[Adamant Finance]

Technical Outlook October 12, 2017

EURUSD

The currency pair developed its growth yesterday frustrating our correction expectations. EUR/USD is in the uptrend now and it has already done the growth, we had expected. We think that the currency pair is likely to start a deeper correction today. However, we can not give any recommendations as it is better to avoid selling during the uptrend. As for the yesterday’s Federal Open Market Committee meeting minutes release, opinions were divided on the probability to the Interest Rates hike on December. This fact allowed EUR/USD to develop its upside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/USD is likely to grow 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 an expected correction yesterday and resumed its growth. There was an opportunity to buy from the MA55 balance line, but we advise to avoid trading due to the release of the Federal Open Market Committee meeting minutes. FOMC members’ opinions were divided allowing GBP/USD to resume its growth. The currency pair develops its uptrend during the Asian session and we think it is likely to reach 1,32650. When the price touches this level, GBP/USD may start a correction. We give no recommendations again.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards according to our expectations. We think that GBP/USD 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.

AUDUSD

The currency pair continued to fluctuate within a limited range yesterday. The Federal Open Market Committee meeting minutes were unable to make any changes. The price is going towards the weekly highs today during the Asian session after the better than expected Australian data. However, this upside tendency is still weak and we give no recommendations as it is risky to buy.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/USD is likely to grow 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 developed its decline yesterday and had almost no changes during the release of the Federal Open Market Committee meeting minutes release. We gave no recommendation as it was risky to open trades on the eve of the FOMC meeting minutes release. In addition, there was no opportunities to sell. There is no large space to decline and 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 declined last week according to our expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

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

Gold and Silver Technical Outlook October 12, 2017

GOLD (XAUUSD)

Gold was trading in a small range yesterday as the market participants waited for the Federal Open Market Committee meeting minutes release. The price went a bit upper after the release as the FOMC members’ opinions were divided. Now investors are going to pay much attention to the CPI data. We advise to pay attention to today’s PPI data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a doji, which is close to the trend line 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 decline yesterday frustrating our expectations, but there was no significant growth neither. The current pattern indicates on the probability of this upside tendency to be developed. You can try 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 developed its decline last week according to our expectations. We think that XAG/USD is likely to resume its growth in the next couple of days

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