official Daily Analysis by AdamantFinance.com

[Adamant Finance]

Technical Outlook October 13, 2017

EURUSD

The currency pair started an expected correction yesterday and its future depends on today’s US Consumer Price Index and Retail Sales data. Those releases are the most important for the moment as they are going to influence the Federal Open Market Committee December’s decisions on the Interest Rates. We think that the price is likely to decline towards 1,18000 before the 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 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 reached 1,32650 and then reversed sharply according to our expectations. GBP/USD went upwards and reached previous levels then. Those wide range fluctuations were due to the negotiations between the United Kingdom and the European Union on the Brexit issues. This upside tendency is the results of the higher Interest Rates growth odds in Great Britain. Investors think that the Bank of England is likely to hike Rates on November. We give no recommendations for trading at the moment.

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 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’s growth becomes stronger and you can look for long trades from the MA55 balance line. However, Today’s US Consumer Price Index and Retail Sales data may change the situation significantly. We think that everything indicates on the probability of further growth. However, if you have any live trades, we advise to protect them before the release of the US data.

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 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 started its upside correction yesterday. There is no tendency currently. USD/CHF’s fluctuations depends on the US Consumer Price Index and Retail Sales data today. We think that USD/CHF is likely to remain in the limited range on the eve of those releases.

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 start its decline in the next couple of days.

There is the uptrend 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 13, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open long trades according to our recommendations from the MA55 balance line. However, XAU/USD slows down its growth and we think Gold is likely to reverse its tendency during the American session after the release of the very important US Consumer Price Index and Retail Sales data. The last influences inflation as well. We think it is a good idea to close long trades.

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 recommendations. 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 offered an opportunity to open trades according to our recommendations and it is time to protect you trades and to fix positions partially. It is better to do it before the American session as the US Consumer Price Index and Retail Sales data may change the situation crucially. It is better to have small profit than to lose all.

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

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

[Adamant Finance]

Technical Outlook October 16, 2017

EURUSD

The currency pair declined on Friday towards 1,18000 before the release of the US Consumer Price Index and Retail sales data. Both of those indicators were disappointing and the price went upwards. Later on Friday EUR/USD went downwards again. The currency pair is trying to change its tendency and the price is below the MA55 balance line. We think that EUR/USD is likely to develop its downside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that EUR/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 MA55 balance line.

GBPUSD

The currency pair aims to grow but has some difficulties to cross the trend line on the Hourly chart. GBP/USD tried to break through this trend line area on Friday, but failed to do it. The Bank of England’s head has told on Friday, that the Interest Rates growth is possible in the next couple of month. This gives additional support to the currency pair and we think GBP/USD is likely to develop its growth in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline frustrating our expectations and went upwards. We think that GBP/USD is likely to start a downside tendency in the next couple of days.

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

AUDUSD

The currency pair failed to offer opportunities to open long trades as it is was far from the MA55 balance line. However, it shad some significant growth after the release of the US Consumer Price Index and Retail Sales data.

We think that AUD/USD is likely to develop its growth on the strong Australian data. There is an important Australian RBA meeting minutes release. We advise to pay attention to the Australian PMI data on Wednesday and Labor Market data on Thursday. All those releases are expected to meet expectations or to be even higher.

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

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

USDCHF

The currency pair still fluctuates without any clear direction. However, we think that USD/CHF prepares itself to make an upside burst in order to break through the trend line on the Weekly chart. WE think that the currency pair is likely to speed up its growth after this event. However, 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. The currency pair declined last week according to our expectations. WE think that USD/CHF is likely to break through the trend line 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 16, 2017

GOLD (XAUUSD)

Gold developed its growth after Friday’s US Consumer Price Index and Retail Sales data. This release disappointed investors and XAU/USD has got additional support. We advised to close long trades as the result may be different. However, now it is a good idea to look for long trades at the end of corrections.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold worked Doji according to our expectations last week. We think that XAU/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 open long trades from the MA55 balance line. Place stop losses below the indicator.

SILVER (XAGUSD)

Silver developed its growth after the disappointing data on Friday. This data offered opportunities for precious metals to develop their growth. However, we think that Silver needs a correction before its further upside tendency and we think it is going to reach the MA55 balance line.

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

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

[Adamant Finance]

Technical Outlook October 17, 2017

EURUSD

The currency pair approached the MA55 balance line yesterday offering opportunities to sell according to our recommendations. Today we also recommend looking for short trades if the price gets closer to the MA55 balance line. As for the important events, we advise to pay attention to Eurozone Consumer Price Index data as well as to the German ZEW Economic Sentiment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that the currency pair is likely to develop a 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. Place stop losses above the indicator.

GBPUSD

The currency pair offered an opportunity to buy in the beginning of the European session and the price entered the profit area for 400pips. It was enough to fix positions partially and to protect the rest. WE advise to pay attention to today’s UK Consumer Price Index data, which may become a driver for further fluctuations. There is no tendency currently and we give no recommendations.

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

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

AUDUSD

The currency pair has a very active correction and the price is below the MA55 balance line. This cancels temporary the upside tendency. It is better to wait until the price is back above the MA55 balance line at least. If you had opened long trades according to our recommendations, you could have small losses now. Today’s Australian Reserve Bank meeting minutes are likely to give the additional support to AUD/USD.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week We think that AUD/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 below the MA55 balance line. WE advise to avoid trading today as the situation is unclear.

USDCHF

The currency pair still goes no direction and fluctuates within a tight range. USD/CHF is a shelter now. It shows any tendency in the moments of geopolitical events.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a downside tendency last week according to our expectations. We think that USD/CHF is likely to cross the trend line 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 17. 2017

GOLD (XAUUSD)

Gold corrected downwards yesterday, but this correction was deeper than we had expected. Long trades from the MA55 balance line closed by stop loss. There is no tendency currently and we give no recommendations at the moment. We expected the price to resume its upside tendency in the nearest future. European data today is unlikely to have significant impact on fluctuations.

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

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

SILVER (XAGUSD)

Silver declined below the MA55 balance line following Gold. If you had opened long trades according to our recommendations, you could have small losses now. We do not think that precious metals are going to develop a downside tendency. However, we think that today everything becomes clear.

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

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

[Adamant Finance]

Technical Outlook October 18, 2017

EURUSD

The currency pair failed to reach the MA55 balance line unfortunately and there was no opportunities to open trades according to our recommendations. However, EUR/USD went downwards and you were not able to sell even from the MA13. Eurozone data supported this downside tendency as Inflation showed no increase in speed and the ZEW Economic Sentiment Index was worse than expected. We think that today you can try to sell from the MA55 balance line. As for the important events, we advise to pay attention to the European Central Bank members’ comments.

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 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 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 sharply as the UK Consumer Price Index data met the expectations. This data was a day driver for GBP/USD. The currency pair changed its tendency and it is time to look for short trades now. As for the important data for today, we advise to pay attention to the UK Labor Market and Average Earnings data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week and went upwards. We think that GBP/USD is likely to develop a 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. Place stop losses above the indicator.

AUDUSD

The currency pair failed to go above the MA55 balance line and to restore the upside tendency. The price is below the MA55 balance line and we think that AUD/USD is likely to develop a downside tendency in the nearest future. We advise to look for short positions today.

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

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

USDCHF

The currency pair tried to break through the trend line on the Weekly chart. USD/CHF is in the uptrend now and we see no clear attempts to hold this line. We think that the currency pair is likely to cross this trend line today or tomorrow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that USD/CHF is likely to break through 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 buy from current levels. Place stop losses below the indicator. As for the targets, they will be significant. We advise to open trades now and hold the positions.

Gold and Silver Technical Outlook October 18, 2017

GOLD (XAUUSD)

Gold developed its downside tendency yesterday. The price failed to reach even the MA13. We do not think that the price is able to resume its growth in the nearest future and it is better to look for short trades. In addition, XAU/USD has reversed its tendency. We advise to pay attention to today’s US data as it may have impact on Gold fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD worked a doji last week according to our expectations. We think that XAU/USD is likely to develop some growth in the next couple of days.

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

SILVER (XAGUSD)

Silver developed its downside tendency as well frustrating our expectations. We advise to look for short trades only as this decline may continue in the nearest future.

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

There is the 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 19, 2017

EURUSD

The currency pair failed to approach the MA55 balance line offering no opportunities to open short positions. EUR/USD established new weekly lows instead. The currency pair went upwards towards the MA55 balance line afterwards but it was risky to open any position as EUR/USD had a considerable decline previously. The currency pair’s growth is due to weak US data. Investors will pay attention to the next portion of the US data today as there is no important releases in Eurozone. The price crossed the MA55 balance line and resides above the indicator at the moment. We think that EUR/USD is likely to change its tendency 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 went upwards last week according to our expectations. We think that EUR/USD is likely to decline in the next couple of days.

There is the downtrend on the Hourly timeframe 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 both directions due to the mixed UK Labor Market data. However, GBP/USD established new weekly lows and returned back. There is another portion of the UK Retail sales data today. We expect the currency pair to have a significant reaction on this release if it is far from forecasts. The price is above the MA55 balance line and we think GBP/USD is likely to change its tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week and went upwards. We think that GBP/USD is likely to develop a 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 offered an opportunity to open short positions from the MA55 balance line. There was an opportunity to earn about 300 pips or to protect trades partially. AUD/USD went sharply upwards after the release of the Australian Labor Market data, which was better than expected. There was an opportunity to buy, however, we advise to wait until the uptrend comes into play.

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

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

USDCHF

The currency pair has made an attempt to cross the trend line on the Weekly chart but failed to do it. If you had managed to open trades before 0,97880, you could protect your positions already. There are still chances that the currency pair is going to break through the trend line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that USD/CHF is likely to cross the trend line on the Weekly chart 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 hold long trades from 0,97760-0,97880 aiming 0,99000.

Gold and Silver Technical Outlook October 19, 2017

GOLD (XAUUSD)

Gold developed its downside tendency and approached the MA13. However, it was hard to open trades in this position and we gave recommendations to sell from the MA55 balance line. The price avoid to reach the MA55 balance line and there was no opportunity to sell. The speed of this downside tendency is rather high and we think XAU/USD is likely to develop its decline today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold worked doji last week according to our expectations. We think that XAU/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 open short positions from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)

Silver slows down its decline but fail to reach the MA55 balance line. There are some supports, that are hard to cross and we think XAG/USD is likely to continue to slow down its downside tendency.

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

[Adamant Finance]

Technical Outlook October 20, 2017

EURUSD

The currency pair went upwards yesterday as USD is under the pressure now. There are hints that the next Federal Open Market Committee head may be dovish and this may change expectations on the Interest Rates hike probabilities. Investors are likely to pay more attention to USD today as there is no important releases in Eurozone.

There is the uptrend on the Weekly chart AS the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that EUR/USD 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 above the MA55 balance line. We advise to open long positions from the MA55 balance line. Place stop losses below the indicator.

GBPUSD

The currency pair declined yesterday as the UK Retail Sales data was worse than expected. GBP/declined against USD despite the fact that the other currencies went upwards. However, we think that GBP is likely to make some attempts to change its tendency if USD continues to decline.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline frustrating our expectations and went upwards. 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 has changed its tendency and goes upwards now. However, we can see that this new upside tendency is modest. AUD/USD had several attempts to decline during the Asian session and even went below the MA55 balance line. We give no recommendations in this situation as it is unclear whether AUD/USD goes upwards or not.

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

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

USDCHF

The currency pair left its attempts to cross the trend line on the Weekly chart and declined. All long positions from 0,97760-0,97880 were closed at breakeven level. Our attempt to earn on the breakthrough of the trend line failed. However, investors try to cross the trend line today, during the Asian session. It is not still clear whether they succeed or not.

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 break through the trend line 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 October 20, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open short positions according to our recommendations from the MA55 balance line and the price entered the profit area for 2300 pips (according to trading platform). It was enough to protect trades by placing stop loss at breakeven level. Later XAU/USD crossed the MA55 balance line and fluctuated above the indicator. There is no tendency currently and we give no recommendations in this situation.

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

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

SILVER (XAGUSD)

Silver offered an opportunity to sell from the MA55 balance line according to our recommendations and the price was in the profit area as well. It was enough to protect trades by moving stop losses at breakeven level. Later Silver develop its upside tendency and changed the trend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD is likely to develop its moderate 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 23, 2017

EURUSD

The currency pair offered an opportunity to open long positions on Friday from the MA55 balance line. The price was in the profit area for 200 pips and it was enough to protect trades by moving stop losses at the breakeven level. However, EUR/USD declined significantly on Friday as the budget project was finally adopted in the United States. We think that the main event for the currency pair is the European Central Bank meeting, which takes place on Thursday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week and declined by Friday according to our expectations. We think that EUR/USD is likely to 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.

GBPUSD

The currency pair had a significant growth on Friday and changed its tendency. We thought that GBP/USD is going to establish the uptrend but USD’s growth canceled this scenario. The main event for this week is the UK advanced GDP data. We think that it is a good idea to refuse trading as there is no tendency and the situation is unclear.

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 tendency in the next couple of days.

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

AUDUSD

The currency pair changed its tendency on Friday again and we give no recommendations in this situation. Important Australian data is expected to be released on Wednesday and investors are likely to pay more attention to USD before Australian data. We think that AUD/USD is likely to go downwards today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our growth expectations. We think that AUD/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.

USDCHF

The currency pair crossed finally the trend line on the Weekly chart. This allows USD/CHF to develop its upside tendency in the nearest future. Naturally, we do not expect the currency pair to go upwards right now and the price is likely to decline towards the broken through trend line in order to test it. WE think that the currency pair is likely to start its upside tendency after this test. Anyway, we advise to look for long positions only.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair crossed the trend line 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 avoid trading today as the situation is unclear.

Gold and Silver Technical Outlook October 23, 2017

GOLD (XAUUSD)

Gold declined on Friday but this downside tendency was moderate. There is no trend currently but there are some attempts to push Gold downwards. Those attempts may result in a downside tendency if Gold remains below last week’s lows We think it is a good idea to try short positions from the MA13, but the risks are too high.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations but failed to return to its previous positions. We think that XAU/USD is likely to develop its moderate 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 positions from the MA13. Place stop losses above the indicator.

SILVER (XAGUSD)

Silver failed to develop its upside tendency on Friday and is in the neutral positions now. Silver failed to establish new lows as well but we think XAG/USD is going to do it in the nearest future. We give no recommendations now as there are lack of signs to place good orders. We advise to monitor the situation today.

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 moderate 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.

[Adamant Finance]

Technical Outlook October 24, 2017

EURUSD

The currency pair went downwards yesterday and is likely to accelerate its decline today. Investors are going to pay attention to today’s German, France and Eurozone PMI as well as the US ISM data. Those events are likely to increase volatility at least and will be the driver for today’s fluctuations. We think it is a good idea to look for short positions along the downtrend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week and decline by the end of Friday 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 positions from the MA55 balance line area. Place stop losses above the indicator.

GBPUSD

The currency pair fluctuated in a tight range on Monday as there was no important data and events. There are no important UK data and events today neither. We think that investors are going to pay more attention to today’s US data and this event is going to be the main driver for GBP/USD. There is no tendency currently and we advise to avoid trading today.

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 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.

AUDUSD

The currency pair fluctuated in a tight range but we can see a clear tendency and it is time to look for trades. AUD/USD is likely to decline further today but tomorrow we think the currency pair is likely to increase its volatility due to the Australian CPI data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our growth expectations. We think AUD/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 positions from the MA55 balance line. Place stop losses above the indicator.

USDCHF

The currency pair approached the trend line twice and we think it is time to look for long trades. We think that USD/CHF is likely to start is upside tendency in the nearest future as it has tested the trend line twice.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair crossed the trend line last week according to our expectations. We think that USD/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 open long positions from the MA55 balance line area. Place stop losses below the indicator or broken through trend line.

Gold and Silver Technical Outlook October 24, 2017

GOLD (XAUUSD)

Gold offered an opportunity to sell from the MA13 according to our recommendations. However, the downside tendency failed to develop. The price was in the profit area and you could protect trades by moving stop loss at breakeven level. Gold still holds its downside tendency, but it is better to avoid trading today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations but then went upwards. 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 above the MA55 balance line. WE advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

Silver continues to fluctuate with no clear tendency and established new weekly lows. We think that Silver is able to develop its downside tendency in the nearest future. We advise to do nothing today as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week and failed to return to its previous positions frustrating our expectations. We think that CXAG/USD is likely to develop its moderate downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook October 25, 2017

EURUSD

The currency pair offered an opportunity to open sort positions from the MA55 balance line during the Asian session. Those trades were closed at breakeven level. However, if you opened those positions later, you could have negative result. The volatility is not large as investors are looking forward to see the results of the European Central Bank meeting, which takes place on Thursday. It is better to do nothing before the event as it is unclear whether Mario Draghi is going to support or push EUR downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week but declined moderately by the end of Friday. We think that EIUR/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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

The currency pair established a downside tendency and we think it is time to look for short trades. However, investors will pay attention to today’s Advanced GDP data for the third quarter and you can try to sell in case if this data is worse than expected. If Advanced UK GDP shows better results, the price may go upwards.

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 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 if the US GDP data is worse than expected. Stop loss should be 200 pips far from the strike price.

AUDUSD

The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. The price was in the profit area and you could earn about 500 pips. It was better to fix positions on the eve of today’s Australian CPI data. If you failed to close those trades, you could earn even more as the price made another 500 pips after the Australian data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our growth 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 avoid trading today as the situation is unclear.

USDCHF

The currency pair offered an opportunity to buy from the MA55 balance line according to our recommendations. You could have about 700 pips profit and it was enough to fix trades during the American session or Asian session, as we think that USD/CHF has done its growth for the current week.

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

There is the 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 25, 2017

GOLD (XAUUSD)

Gold declined yesterday and accelerated its downside tendency. We think you can try to open short positions from the MA55 balance line. However, there is a wide range of data today, which is able to influence precious metals fluctuations. We advise to pay attention to the US data. We recommend opening short positions in case if there is any opportunity.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations but then returned upwards. 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 positions from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)

Silver develops its downside tendency and we think it is time to look for short positions. The price is close to the 16,85 level and if it brakes it through, XAG/USD is likely to develop its downside tendency. However, the price may continue to decline without visiting the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week frustrating our growth expectations. We think 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 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 26, 2017

EURUSD

The currency pair went upwards yesterday on the eve of the European Central Bank meeting, which takes place today. Investors expect the ECB to announce monetary policy tightening by cutting stimulus from 60 to 30 billion euro. This is what market participants expect from the ECB meeting. If this happens, we think EUR/USD is likely to develop its growth. We give no recommendations today as technical analysis does not work properly. It is better to monitor and to act according to situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had no clear direction last week and declined by the end of Friday 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 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 sharply yesterday after the Advanced UK GDP data, which had better results than expected. There was no sense to open short positions in that situation. The currency pair changes its tendency and we think that there will be opportunities to open long positions tomorrow.

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 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 ad vise to avoid trading today as the situation is unclear.

AUDUSD

The currency pair declined yesterday as the Australian CPI data was worse than expected. Investors do not believe that the Australian Reserve Bank is going to hike Interest Rates in the nearest future. WE give no recommendations today as the price is far from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week frustrating our growth expectations. We think that AUD/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.

USDCHF

The currency pair is likely to go downwards in the nearest future as investors will pay attention to the European Central Bank meeting. We give no recommendations nevertheless as there is the uptrend currently. If the ECB avoid to announce the monetary policy tightening, we think that USD/CHF is likely to continue its growth. We advise to act according to situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair crossed the trend line on the Weekly chart 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

Gold and Silver Technical Outlook October 26, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open short trades from the MA55 balance line according to our recommendations. The results of those trades depended on the stop losses distance and the manner you have entered the market. If you did it manually, you had a chance to avoid losses. There is no tendency currently and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations, but failed to return to its previous positions. WE think that XAU/USD is likely to develop its moderate 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.

SILVER (XAGUSD)

Silver offered an opportunity to open short trades from the MA55 balance line according to our recommendations. Those trades resulted in small losses as stops triggered. The price failed to pass 16,85 level and we think XAG/USD is likely to start an upside tendency. We give no recommendations as there is no tendency currently.

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

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 October27, 2017

EURUSD

The currency pair declined sharply yesterday after the release of the European Central Bank decision, which disappointed investors. Market participants expected the ECB to cut its stimulus programme from 60 to 30 billion Euro, but this did not happen. Moreover, The European Central Bank is going to continue its easy monetary policy until 2018. The main event for today is the release of Advanced US GDP data, which is likely to shake the markets.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week and declined by the end of Friday 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 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.

GBPUSD

The currency pair declined with the same speed it went upwards earlier. We have no tendency currently. GBP/USD fluctuations will depend on the results of the US Advanced GDP data.

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 next couple of days.

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

AUDUSD

The currency pair failed to approach the MA55 balance line and there was no opportunity to open trades. AUD/USD went downwards during the American session as USD has got some support. USD’s growth is due to the European Central Bank decision to hold current monetary policy without changes until at least September 2018. We give no recommendations today as the price is far from the MA55 balance line.

There is the uptrend on the Weekly as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our growth expectations. We think that AUD/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.

USDCHF

The currency pair resumed its growth yesterday as the European Central Bank’s decision disappointed market participants’ expectations. There was an opportunity to open long positions from the MA55 balance line. You can open long positions now and take a small profit. Today investors are going to pay attention to the US Advanced GDP data.

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

There is the 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 26, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open short trades from the MA55 balance line according to our recommendations. The results of those trades depended on the stop losses distance and the manner you have entered the market. If you did it manually, you had a chance to avoid losses. There is no tendency currently and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations, but failed to return to its previous positions. WE think that XAU/USD is likely to develop its moderate 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.

SILVER (XAGUSD)

Silver offered an opportunity to open short trades from the MA55 balance line according to our recommendations. Those trades resulted in small losses as stops triggered. The price failed to pass 16,85 level and we think XAG/USD is likely to start an upside tendency. We give no recommendations as there is no tendency currently.

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

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 30, 2017

EURUSD

The currency pair declined after the better than expected US GDP data. Advanced GDP data shows some growth and its results allowed USD to develop its growth. USD’s attraction will rise after such a statistics as this data may also influence the Federal Open Market Committee decision on December. The European Central Bank is going to continue its stimulus for long time. The main data for the currency pair to follow this week is the Eurozone GDP and the US Labor Market and Average Hourly Earnings.

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 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 expect the currency pair de return towards the MA55 balance line today.

GBPUSD

The currency pair is almost ready for further downside tendency but we think that if the Bank of England decides to hike Interest Rates, GBP/USD will go upwards. It is better to do nothing before Thursday. However, if the Bank of England is not going to hike Interest Rates, the currency pair is likely to break through the trend line on the weekly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency par declined last week according to our expectations. We think that GBP/USD is likely to break through the trend line on the Weekly chart and accelerate 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 continues to decline but made a pause on Friday. Nothing prevents AUD/USD from resuming its decline today. There are several important releases this week that may influence the currency pair. However, we think that AUD/USD is likely to develop its downside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined 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 the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.

USDCHF

The currency pair established new tops on Friday. Advanced US GDP data was better than expected and supported USD. However, USD/CHF corrected in the end of Friday. We expect the currency pair to develop its upside tendency after a brief correction.

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

There is the 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 October 30, 2017

GOLD (XAUUSD)

Gold had no significant moves last week. However, we think it is going to change its fluctuations in the nearest future. XAU/USD can not go upwards for a long time and we think this may lead to further decline. There are several important events for Gold this week – the Bank of England’s meeting and the US Labor Market data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations. WE think that XAU/USD is likely to develop its moderate 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 open short trades from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)

Silver approached the MA55 balance line on Friday and there was no sense to open trades. We think that it is a good idea to look for short positions from the MA55 balance line today. However, do not expect significant moves from Silver 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 XAG/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 MA55 balance line. Place stop losses above the MA55 balance line.

[Adamant Finance]

Technical Outlook October 31, 2017

EURUSD

The currency pair returned towards the MA55 balance line and is able to continue its correction growth today. This is likely to happen if the Eurozone data is better than expected. Today market participants are going to pay attention to the Eurozone CPI, Labor Market and GDP data. Current tendency is changing, but it still looks downwards and we give no recommendations.

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 EUR/USD is likely to develops 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 avoid trading today as the situation is unclear.

GBPUSD

The currency pair went upwards yesterday as market participants are expecting the Bank of England to hike Interest Rate. The BoA meeting is scheduled for Thursday. We think that GBP/USD is likely to develop its growth today, but this upside tendency may be less active than it was on Monday.

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 break through the trend line on the Weekly chart and is going to accelerate 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.

AUDUSD

The currency pair offered an opportunity to sell yesterday from the MA55 balance line and stop losses triggered. AUD/USD is fluctuating with no clear direction and we give no recommendations. Australian data was weak and we give no recommendations.

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 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 an opportunity to open long positions from the MA55 balance line. The price was in the profit area for 250 pips. It was enough to protect trades or to fix positions partially. You had an opportunity to move stop loss at breakeven level. USD/CHF continues its correction and we advise to avoid long positions as there is no tendency currently.

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

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

Gold and Silver Technical Outlook October 31, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open short positions from the MA55 balance line and the price was in the profit area. It was enough to protect trades and to move stop loss at breakeven level. There is no tendency currently as market participants are waiting for the Federal Open Market Committee meeting results.

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

SILVER (XAGUSD)

Silver offered an opportunity to open short positions but stop losses triggered. There is no tendency currently and we recommend avoiding trading. The price is within a tight range for a couple of weeks.

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

[Adamant Finance]

Technical Outlook November 1, 2017

EURUSD

The currency pair established new weekly highs but the upside tendency was moderate. EUR/USD fluctuated in a tight range yesterday as the market participants are waiting for the Federal Open market Committee meeting today. Investors do not expect the Fed to change its monetary policy today. However, market players are looking forward to hear the Fed head’s comments on the probability of Interest Rates hike on December. If Janet Yellen is going to make hints on those probabilities, USD may get additional support.

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 EUR/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.

GBPUSD

The currency pair went upwards yesterday as the European Union is ready to accelerate the negotiations on Brexit. However, the main event for today is the Federal Open Market Committee meeting which is able to increase volatility significantly. Market participants are looking forward to hear Janet Yellen’s comments.

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 break through the trend line and accelerate 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 developed its decline yesterday after the weaker than expected Australian data. The situation today is the same as the Australian data is worse than forecasted again. WE think that AUD will be under the pressure today.

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 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 seems to end its downside correction and we think it is going to go upwards in the nearest future. However, there is no trend currently and it is risky to open positions now. We think it is a good idea to wait until the release of the results of the Federal Open Market Committee meting 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 according to our expectations. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to open long trades but after the release of the results of the FOMC meeting.

Gold and Silver Technical Outlook November 1, 2017

GOLD (XAUUSD)

Gold continues its range fluctuations and it is in the neutral positions right now. We think that there is a probability of a sharp volatility growth after the release of the results of the Federal Open Market Committee meeting. However, everything depends on the results of this event. Technical analysis indicates on the probability of further decline. However, the results of the meeting may break any technical pattern. This is why we advise to wait until the end of the event and then to take any decision according to the situation.

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 XAU/USD is likely to develop its downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open positions after the end of the FOMC meeting.

SILVER (XAGUSD)

Silver is ready to decline but everything depends on the results of the FOMC meeting. We advise to wait until the end of the event in order to take any decision.

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 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 November 2, 2017

EURUSD

The currency pair had moderate fluctuations yesterday after the release of the results of the Federal Open Market Committee meeting. The Fed left the Interest Rate unchanged according to our expectations and made no comments on the probability of further Interest Rates hike on its next meeting, which is placed for December. Market participants are going to pay more attention to the US Labor Market data which is to be released on Friday.

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 EUR/USD is likely to decline in the next couple of days.

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

GBPUSD

The currency pair had a correction yesterday after the release of the results of the Federal Open Market Committee meeting. Market participants are likely to pay more attention to today’s Bank of England meeting as this governmental body is expected to hike rate. Those expectations give support to GBP/USD for a couple of days already.

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 cross the trend line and 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 long trades from the MA55 balance line today. Place stop losses below the indicator.

AUDUSD

The currency pair is growing after the stronger than expected Australian data. AUD/USD is likely to develop this upside tendency today as USD goes downwards. However, we give no recommendations as there is no trend currently.

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 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 stopped its growth after the release of the results of the Federal Open Market Committee meeting. We gave a recommendation to buy after the end of the meeting and there was an opportunity to open long positions. However, there was no significant profit as you could earn about 250 pips only. We think that USD/CHF is going to offer some other opportunities today but the USD’s downside tendency increase risks.

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

There is the 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.

Gold and Silver Technical Outlook November 2, 2017

GOLD (XAUUSD)

Gold failed to decline yesterday after the release of the results of the Federal Open Market Committee meeting and there was no sense to open short positions. As we had written previously, you had to wait until the results and to see the market reaction. The reaction was contrary to what we had expected. Market participants are going to switch their attention to the US Labor Market data, which is to be released on Friday. Gold shows some signs of further upside tendency. However, we have no trend currently.

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

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

SILVER (XAGUSD)

Silver went upwards after the release of the results of the Federal Open Market Committee meeting and there was no opportunity to sell. The price shows intentions to further growth and we think it is time to look for long trades today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined moderately 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 positions from the MA55 balance line. Place stop losses below the indicator.

[Adamant Finance]

Technical Outlook November 3, 2017

EURUSD

The currency pair had moderate fluctuations as the market participants are waiting for the results of the US Labor Market and Average Hourly Earnings data. Yesterday’s Eurozone manufacturing data was disappointing and EUR/USD declined during the European session. However, it failed to leave a small range. There is no tendency currently. We think that the currency pair is likely to increase volatility sharply after today’s US Labor Market and Average Hourly Earnings data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined 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 no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to open positions after the US Labor Market and Average Hourly Earnings releases.

GBPUSD

The currency pair declined significantly after the release of the results of the Bank of England’s meeting. The Bank of England has increased its Interest Rate according to the market participant’s expectations.

However, investors expected the BoA head to tell something about future monetary policy. However, Carney said that the Bank of England is going to make two more Interest Rates hikes until the end of 2020.

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 tendency in the next couple of days.

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

AUDUSD

The currency pair went upwards after the stronger than expected Australian data yesterday but declined during the Asian trading session. Market participants are waiting for the release of the results of the US Labor Market and Average Hourly Earnings data. We think that this data may have significant impact on fluctuations.

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 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 close to the MA55 balance line. We advise to open positions after the release of the US Labor Market and Average Hourly Earnings data.

USDCHF

The currency pair fluctuated in a tight range yesterday and tried to go downwards. The market participants are likely to pay more attention to the US Labor Market data. Those events will have significant impact on fluctuations.

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open positions after the release of the results of today’s US data.

Gold and Silver Technical Outlook November 3, 2017

GOLD (XAUUSD)

Gold fluctuates with no tendency at the moment as investors are looking forward to see the results of today’s US Labor Market and Average Hourly Earnings data. We think that Gold is likely to increase its volatility after this release. XAU/USD may even change its tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined 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 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 failed to offer an opportunity to open trades as the price did not reach the MA55 balance line. XAG/USD fluctuated within a range yesterday and is likely to stay within until today’s US Labor Market and Average Hourly Earnings data release.

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

[Adamant Finance]

Technical Outlook November 6, 2017

EURUSD

The currency pair worked out Friday’s US Labor Market and Average Hourly Earnings data. The price went upwards sharply in the first minutes after the release and then went downwards as the US Non-Farm Employment Change was above 200 000. The Unemployment Rate decreased giving additional support to USD. The only disappointing event was Average Hourly Earnings data which has shown 0 growth. We think that this release was the main reason of the upside momentum right after the issue of news. There is no many releases this week and we think that market participants are going to pay more attention to USD.

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 USD is going to develop its upside tendency in the next couple of days.

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

GBPUSD

The currency pair went upwards right before the US Labor Market and Average Hourly Earnings data and then declined after the release of the statistic. We expect GBP/USD to develop the same scenario this week as the technical analysis favors further decline and fundamental analysis is not important in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to break through the trend line last week We think that GBP/USD is likely to break through the trend line this week and is likely to accelerate its decline.

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

AUDUSD

The currency pair declined on Friday before the US Labor Market and Average Hourly Earnings data and accelerated its downside tendency after the release. AUD/USD is in the same situation as GBP/USD is as there is a probability of further decline. The Reserve Bank of Australia is going to have a meeting this week and we expect this organization to hold monetary policy unchanged. We think that the currency pair is likely to develop its downside tendency after this event.

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 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 repeated its Thursday’s fluctuations and had a short-term downside momentum. Market participants are likely to pay more attention to USD this week and we expect USD/CHF to develop its upside tendency.

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

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

Gold and Silver Technical Outlook November 6, 2017

GOLD (XAUUSD)

Gold declined on Friday after the US data and established new Weekly lows. US Labor Market and Average Hourly Earnings data was mixed but positive as the Unemployment Rate declined and the number of new employees increased for more than 200 000. There is almost no significant data this week and we think the releases will not have significant impact on fluctuations. We think that market participants will pay more attention to the technical analysis.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price declined modestly 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 went downwards on Friday and we think that the precious metal is going to develop its downside tendency in the nearest future. We advise to look for the opportunities to open short positions. However, there is no tendency currently and we recommend doing nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver develop its downside tendency 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 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 November 7, 2017

EURUSD

The currency pair had no clear direction of fluctuations in the first day of a new week. However, we can see that there is a downtrend currently. We think that EUR/USD is likely to develop its downside tendency in the nearest future and it is better to look for short positions only.

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

GBPUSD

The currency pair went upwards and corrected its downside tendency. There was no sense to open short positions as GBP/USD’s growth was larger than we had expected. Anyway, we think that the currency pair is likely to decline and to cross the trend line on the Weekly chart. We give no recommendations as there is no tendency currently.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line last week. We think that GBP/USD is going to break through the trend line and accelerate 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.

AUDUSD

The currency pair went upwards yesterday as the market participants were looking forward to see the results of the Reserve Bank of Australia meeting. The RBA’s policy remained unchanged as the central bank’s governor holds neutral position. There are two main reasons for him to hold Interest Rates – low wage growth and weak inflation. We advise to try short positions today.

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 AUD/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 above the MA55 balance line. We advise to open short trades from the current levels. Place stop losses above today’s high.

USDCHF

The currency pair remains neutral and is fluctuating within a tight range. However, we think that USD/CHF is likely to go upwards once again this week towards the trend line on the Weekly chart. WE give no recommendations now as there is no tendency.

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

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

Gold and Silver Technical Outlook November 7, 2017

GOLD (XAUUSD)

Gold went upwards significantly on Monday and we think XAU/USD is going to establish an upside tendency. However, it is better to monitor the situation as Gold has to continue its growth in order to prove the probability of upside tendency. We advise to avoid trading today.

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 XAU/USD is likely to develop its downside tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver went upwards on Monday and this growth was significant. We think that XAG/USD is going to frustrate our downside tendency’s expectations. There is no trend currently and we advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its moderate 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

[Adamant Finance]

Technical Outlook November 8, 2017

EURUSD

The currency pair declined in the first half of Tuesday and then returned to its previous positions. EUR/USD is fluctuating within a tight range due to the lack of important data. However, USD pushes the currency pair down. There was no opportunity to open positions yesterday as the price failed to reach the MA55 balance line. We think that EUR/USD is likely to repeat yesterday’s scenario.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards 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 close to the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator.

GBPUSD

The currency pair established an upside tendency yesterday and confirmed it as GBP/USD jumped off the MA55 balance line. This situation is complex as we had expected GBP/USD to cross the trend line on the Weekly chart. We think that it is a good idea to look for long trades is the currency pair establish new highs and goes towards the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to break through the trend line frustrating our expectations. We think that GBP/USD is likely to cross the trend line and accelerate its decline.

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 offered an opportunity to sell from 0,76750 and the price was in the profit area. You could take about 500 pips yesterday or leave your positions. Anyway, we recommend fixing your trades partially as the price may reverse against your positions. If you leave trades live, protect them carefully.

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 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 fluctuates with no tendency currently. It stays within a range now. However, we think that USD/CHF is likely to make another burst towards the trend line on the Weekly chart. We give no recommendations now as there is no trend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its upside tendency last week according to our expectations. WE think that USD/CHF is likely to continue 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 November 8, 2017

GOLD (XAUUSD)

Gold failed to resume its upside tendency yesterday and we think XAU/USD is likely to start to decline in the nearest future. However, this Tuesday’s decline was nothing more than a simple correction and Gold is able to resume its upside tendency as well. There are no clear signs of future direction now and we think it is better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined modestly 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 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 has more active fluctuations but it is also in neutral position now. The price is below the MA55 balance line, but it may go upper. If the price holds below the MA55 balance line, there is the probability of further downside tendency. There is no trend currently and we advise to avoid trading today.

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 expectations. We think that XAG/USD is likely to continue 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 situations is unclear.

[Adamant Finance]

Technical Outlook November 9, 2017

EURUSD

The currency pair is fluctuating within a tight range along the MA55 balance line. There is no important data this week and the period of corporation reports has shifted the focus of market participants attention towards the stocks. However, we expect volatility to grow again with the first important releases.

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 EUR/USD is likely to develop its downside tendency in the next couple of days.

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

GBPUSD

The currency pair offered no opportunities to open long positions as its price failed to establish new daily highs. GBP/USD went downwards instead. The currency pair is trying to establish a range and we give no recommendations as there is no trend currently and the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to break through the trend line last week. We think that GBP/USD is likely to cross the trend line and accelerate 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.

AUDUSD

The currency pair tries to establish a range. If you had a short position, it closed at breakeven level. We had the right decision to fix trades partially. There are several central bank heads’ comments today and we think that the volatility is going to grow.

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

USDCHF

The currency pair tries to establish a very tight range and is in the neutral position. However, we think that USD/CHF is likely to make another upside burst this week towards the trend line on the Weekly chart. We give no recommendations today as there is no trend currently.

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 upside tendency in the next couple of days.

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

Gold and Silver Technical Outlook November 9, 2017

GOLD (XAUUSD)

Gold established new weekly highs and we can see a clear upside tendency. This means that XAU/USD may cancel an expected downside tendency. Now you can look for long positions. Gold is growing as market participants think that the new fiscal reform project will be rejected by the Congress. If Congress adopts this project, Gold will be under the pressure as there is a probability of the business activity growth and Interest Rates hike.

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

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

SILVER (XAGUSD)

Silver failed to continue its growth and was trading within a range. The price is forming a triangle and we think that XAG/USD is likely to go anyway in the nearest future. There is no tendency now 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 moderate downside tendency 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 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 situations is unclear.