official Daily Analysis by AdamantFinance.com

[Adamant Finance]

Technical Outlook November 10, 2017

EURUSD

The currency pair fluctuated with no clear direction but ended Thursday with a growth. The volatility is low as there are no drivers for significant fluctuations. EUR/USD has made attempts to establish a upside tendency yesterday, but we think that it has no chances to grow further. We would like to remind you that it is Friday and it is better to avoid trading today as the volatility is low.

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 the currency pair is going 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 still fluctuates within a range without any clear direction. There is important UK data on the way today which is able to have significant impact on volatility. However, we give no recommendations as the volatility is low.

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 accelerates its decline in the next couple of days.

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

AUDUSD

The currency pair is still trading within a flat range. Central bank heads’ comments had no impact on fluctuations. We think that the only thing you can do is to wait until the volatility grows again. There are several important data releases in Australia the next week. They are able to shake the markets and we expect that AUD/USD increases its volatility.

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 avoid trading today as the situation is unclear.

USDCHF

The currency pair made some attempts to leave its range but there is no tendency currently. USD/CHF is able to resume its decline or to stay within a range. It is better to do nothing today anyway as the tendency was established during the European session and we need time to wait until velar signals.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair develop its growth according to our expectations. We think that USD/CHF is likely to continue 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 November 10, 2017

GOLD (XAUUSD)

Gold failed to offer opportunities to buy from the Ma55 balance line as the price did not approach the indicator. XAU/USD continues its moderate growth as the market participants expect the new fiscal project to be rejected by the Congress members. Everything may be clear in the nearest future and Gold is likely to accelerate its fluctuations and the direction depends on the results of the Congress decision.

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 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 still fluctuates within a range without a clear tendency and we give no recommendations. We think that any Congress decision on the future of the new fiscal project will have significant impact on fluctuations. The direction will depend on the positive or negative 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

[Adamant Finance]

Technical Outlook November 13, 2017

EURUSD

The currency pair had a smooth growth on Friday. The decision to avoid trading was right as there was no chance to open good positions. There are many important releases this week and we expect the volatility to grow significantly. There will be more comfortable to open positions. We think that today there will be no sharp fluctuations as there is no important releases on Monday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside tendency last week according to our expectations. WE think that EUR/USD is likely to accelerate 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 above 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 after the better than expected UK manufacturing data. However, GBP/USD started a new week with a sharp decline. We think that the currency pair is likely to break through the trend line on the Weekly chart. This may happen in the first half of the week. There is no tendency unfortunately and we give no recommendations. However, you can open short positions at your own.

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 break through the trend line and accelerate 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 has no tendency and is still fluctuating within a range. We think that AUD/USD is likely to stay within this range. However, we expected AUD/USD to leave the range tomorrow as there are many releases, which is likely to increase volatility 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 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 established a downside tendency but the price is above the MA55 balance line today and we think that USD/CHF is likely to change its tendency. We advise to avoid selling for this reason. We expect the currency pair to develop its upside tendency and to break through the trend line on the Weekly chart.

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

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

Gold and Silver Technical Outlook November 13, 2017

GOLD (XAUUSD)

Gold offered an opportunity to buy from the MA55 balance line and the price went upwards allowing to move stop losses at breakeven level. However, XAU/USD declined sharply later on Friday and stop losses triggered, which lead to a significant downside tendency. We think that today’s fluctuations are going to be weak as market participants are going to prepare conditions for further downside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week frustrating our expectations. We think that XAU/USD is likely to be trading within a tight range in the next couple of days.

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

SILVER (XAGUSD)

Silver still fluctuates within a range with no clear tendency and we give no recommendations. There are many important releases this week from US and European countries and this can provide Silver with the necessary volatility in order to leave the range.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to stay within the range in the next couple of days.

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

[Adamant Finance]

Technical Outlook November 14, 2017

EURUSD

The currency pair fluctuated within a small range on Monday according to our expectations. There are several Eurozone releases today including GDP, ZEW index and manufacturing data. Those events may shake the market. The currency pair shows intensions to grow but further dynamics will depend on the results of the Eurozone data. We advise to do nothing now as the situation may have significant changes after the release of the Eurozone statistics.

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

GBPUSD

The currency pair is ready for further decline and we think it is time to look for short positions today despite the fact that there is no tendency currently. There is important inflation data today, which is able to push GBP/USD further downwards. It is better to do nothing before the release of this data.

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 frustrating our expectations. 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 open short trades from the MA55 balance line area. Place stop losses above the indicator.

AUDUSD

The currency pair declined yesterday and we can see that AUD/USD is weak. There is a downside tendency currently and we think it is time to look for short positions. The Australian business confidence data was better that previous one and we think the currency pair has chances to correct a little in the upside direction.

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 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 fluctuated in a small range and has started to change its tendency according to our expectations. Bulls are still trying to establish an upside tendency and we give no recommendations. However, we think that USD/CHF is likely to grow significantly today.

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

There is no trend on the Hourly chart as the MA-channel 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 14, 2017

GOLD (XAUUSD)

Gold established a downside tendency according to our expectations yesterday and fluctuated in a small range. We advise to look for short positions today along the trend. However, there are numerous important data releases and there is a probability that there will be no clear direction today. Anyway, we think that XAU/USD will be under the pressure.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week frustrating our expectations. We think that XAU/USD is likely to stay within a small range in the next couple of days.

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

SILVER (XAGUSD)

Silver is trading independently from Gold and is trying to establish a small range. There is no tendency currently and we give no recommendations for today. We advise to wait until the price goes any direction in order to open positions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to develop its fluctuations within a limited range.

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 15, 2017

EURUSD

The currency pair went upwards yesterday due to the Eurozone data, which met the expectations and some figures were even better. Today we advise to pay attention to the US consumer inflation data. Yesterday’s Producer Price Index has shown a good growth. This inspires market participants and USD is likely to develop is upside 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. EUR/USD is likely to accelerate its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. EUR/USD is above the MA-channel and we advise to avoid trading today as the situation is unclear.

GBPUSD

The currency pair offered an opportunity to open short positions during the European session as it approached the MA55 balance line. You could earn about 500 pips. The downside tendency was due to the inflation data, which was below the expectations. We advise to pay attention to today’s UK Labor Market and Average Wages data.

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 frustrating our expectations. We think that GBP/USD is likely to break through the trend line and accelerate its decline.

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

AUDUSD

The currency pair offered an opportunity to sell yesterday according to our recommendations. The price declined for 300 pips. You could leave the trade and if you did this, you could earn about 700 pips as AUD/USD declined sharply during the Asian session. You could fix the profit as this is a goof result for this currency pair.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined slightly 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 below the MA55 balance line. The price is far from the MA55 balance line and we advise to avoid trading today.

USDCHF

The currency pair has left the range and went downwards. USD/CHF frustrated our growth expectations. We advise to look for short positions from the MA55 balance line. However, there is a support line on the way. It may change the situation.

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

There is no trend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. The price is far from the MA55 balance line and we advise to avoid trading today.

Gold and Silver Technical Outlook November 15, 2017

GOLD (XAUUSD)

Gold was going downwards before the American session and established new weekly lows, but then went upwards, and returned to the range. XAU/USD failed to decline. 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 failed to decline last week frustrating our expectations. We think that XAU/USD is likely to stay within the range for 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 fluctuates on its own independently from Gold. There is no tendency currently and we give no recommendations today. We advise to wait until Silver establishes a tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to stay within a limited range for 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 16, 2017

EURUSD

The currency pair declined yesterday after the US CPI data release according to our expectations. We have seen a slight growth of the core CPI. This was the reason for USD to grow. Market participants are going to shift their attention to today’s Eurozone CPI data and numerous Federal Open Market Committee members’ comments. We think that EUR/USD is likely to develop its downside correction in the nearest future.

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

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

GBPUSD

The currency pair failed to offer an opportunity to open short positions. Yesterday’s UK Labor Market data was better than expected and GBP/USD went upwards. Today the market participants are going to pay attention to UK Retail Sales data.

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

AUDUSD

The currency pair failed to go below its previous lows and we were right to recommend fixing trades. We gave no advises yesterday as the price was far from the MA55 balance line but it almost reached the indicator and you had a chance to sell. Today’s Australian Labor Market data was better than expected but AUD/USD failed to go above the MA55 balance line.

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 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 today. Place stop losses above the indicator.

USDCHF

The currency pair went downwards sharply but it was stopped by the trend line according to our expectations. If the price goes above the MA55 balance line, there will be no more opportunities to sell. We think you need to wait until the price reaches the MA55 balance line and jumps off it in order to open short positions. Otherwise, we advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that USD/CHF is likely to resume 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 positions today from the MA55 balance line. Place stop losses above the indicator.

Gold and Silver Technical Outlook November 16, 2017

GOLD (XAUUSD)

Gold is still fluctuating without a clear direction. We think it is time to look for trades within a channel. We have a good example of such a channel on our screenshot. How to work within such a range? You open positions from its boundaries aiming the opposite side.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week frustrating our expectations. We think that XAU/USD is likely to develop its range fluctuations 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.

SILVER (XAGUSD)

Silver stays within a horizontal range and still forms a small channel. There is no tendency currently and we think it is time to look for trades within this range. We advise to open positions from the boundaries of the channel, aiming the opposite sides of it.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD failed to go downwards last week frustrating our expectations. We think that Silver is likely to stay within this limited range for 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 17, 2017

EURUSD

The currency pair had a downside correction yesterday according to our expectations. We gave no recommendations for this reason. EUR/USD went upwards sharply during the Asian session and we think the currency pair has some fuel to develop this upside tendency. However, as EUR/USD had a downside tendency for the whole week, we think it is going to establish a range or develop its downside correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued to go downwards last week. We think that EUR/USD is likely to accelerate its decline in the next couple of days.

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

GBPUSD

The currency pair approached the MA55 balance line but failed to reverse it downwards and there was no opportunities to open short positions. The UK Retail Sales data was better than expected and GBP/USD resumed its moderate growth. We think that the currency pair is likely to start a correction today as there is no important data on the way.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair crossed the trend line last week. We think that GBP/USD is likely to break through the trend line and accelerate its decline in the next couple of days,

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

AUDUSD

The currency pair offered an opportunity to open short positions from the MA55 balance line. Further downside tendency was not deep but enough to protect positions by moving stop losses at break even level. Stop losses triggered later. AUD/USD increased the speed of its downside tendency but we were out of the market during the Asian session. The price tries to break through the trend line on the Weekly chart but we don’t this this scenario is vital on Friday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined a bit 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

The currency pair offered an opportunity to open short positions from the MA55 balance line but stop losses triggered. USD/HCF started a correction after the attempts to break through the trend line on the Hourly chart. We think that the currency pair is likely to fluctuate within a range today.

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

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

Gold and Silver Technical Outlook November 17, 2017

GOLD (XAUUSD)

Gold still fluctuates with no clear direction. We think it is time to look for positions within the range. You can see the example of such a range on the screenshot. If you want to trade within this range, you are to open positions on its boundaries, targeting the opposite sides. The price is close to the middle of the range and we advise to avoid trading in this situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week frustrating our expectations. We think that XAU/USD is likely to stay within a limited range in the next couple of days.

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

SILVER (XAGUSD)

Silver stays within a horizontal channel and continues to fluctuate within. There is no trend currently and we think it is time to look for positions within the channel, that you can see on our screenshot. IF you want to open positions within this range, you are to buy and to sell from its boundaries, targeting the opposite side. The price is closer to the upper side of the channel and we advise to prepare to sell.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to stay within a limited range for the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short positions from the upper side of the channel.

[Adamant Finance]

Technical Outlook November 20, 2017

EURUSD

The currency pair fluctuated in a range on Friday. There is no important data today (neither was on Friday) and we think that EUR/USD is going to fluctuate within a limited range. Market participants were active during the Asian session and we think that the currency pair is going to fluctuate within Asian session’s range today. This week has its peculiarities. There are holidays in the United States on Thursday and Friday and there are less opportunities to open positions.

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

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

GBPUSD

The currency pair established new weekly highs on Friday and started its correction according to our expectations. We think that GBP/USD is likely to start a downside tendency within last week’s range on the nearest future. There is no important data today and we think that GBP/USD is likely to be trading within a limited range.

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 likely to fluctuate within a large range.

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.

AUDUSD

The currency pair crossed the trend line on the Weekly chart without any significant problems. We had doubts as market participants are usually more cautious on Friday. However, there is a probability, that this breakout is false. Anyway everything become clear this week. We advise to monitor the situation as there is no important data and we expect no significant activity of market participants 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 and crossed the trend line on the Weekly chart. We think that AUD/USD is likely to hold its positions below the trend line and 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

The currency pair fluctuated within a range on Friday according to our expectations. However, USD/CHF declined a little during the American session. We expect USD/CHF to grow in the nearest future. We think it would be a good idea to open long positions from 0,98650, but 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 failed to grow last week. We think that USD/CHF is likely to resume its growth in the next couple of days.

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

Gold and Silver Technical Outlook November 20, 2017

GOLD (XAUUSD)

Gold was trying to break through the upper side of the range on Friday. We can see the uptrend now and it is time to look for long positions. However, the price is far from the MA55 balance line. WE give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold fluctuated within a limited range last week according to our expectations and left it by the end of Friday. WE think that XAU/USD is likely to go upwards in the next couple of days.

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

SILVER (XAGUSD)

Silver left its channel and we think it is time to look for long positions. Short trades from the channel’s border ended with losses. We advise to open long positions from the MA55 balance line today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver was in a range last week according to our expectations and left it on Friday. WE think that XAG/USD is likely to go upwards 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 21, 2017

EURUSD

The currency pair fluctuated in both directions yesterday as the German parties have failed their negotiations, which aim were to create a coalition. EUR/USD is likely to be under the pressure for some time. There is no important data today and we think that the currency pair is likely to develop its downside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our downside tendency’s expectations. We think that EUR/USD is likely to resume 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 positions from the MA55 balance line. Place stop losses above the indicator.

GBPUSD

The currency pair wet upwards yesterday and is still developing its upside tendency. This means that GBP/USD is likely to grow in the first half of the week and will probably decline in the second half of the week. We think that this information helps to build this week’s strategy. We advise to pay attention to Inflation Report Hearings today as this event is likely to have significant impact on GBP/USD. This report may both accelerate the currency pair’s growth or 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 cross the trend line last week. We think that GBP/USD is likely to stay within a wide range in the next couple of days.

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

AUDUSD

The currency pair develops its downside tendency and today’s Australian Reserve Bank’s Meeting Minutes have changed nothing in the current situation. We think that the currency pair is likely to develop its downside tendency and we advise to look for short positions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week and crossed the trend line on the Weekly chart according to our expectations. We think that AUD/USD is likely to stay below the trend line and to develop its downside tendency.

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

USDCHF

The currency pair initiated an upside tendency, but the trend is still neutral. There was no opportunity to buy from 0.98650 as the price failed to reach this level. However, as EUR/USD is likely to go downwards, USD/CHF is likely to grow and we think you can look for long positions from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF failed to grow last week. We think that the currency pair is likely to go upwards 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 positions from the MA55 balance line. Place stop losses below the indicator.

Gold and Silver Technical Outlook November 21, 2017

GOLD (XAUUSD)

Gold went upwards on Friday but then returned to the channel and we think that XAU/USD is likely to stay within this range for the whole week. There are no reasons for sharp or significant moves as there are almost no important events and this week is short as there are holidays in the United States on Thursday and Friday. We advise to open positions within this range.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD fluctuated in a limited range last week and left it by the end of the week. We think that Gold 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 open short positions from the lower side of the channel.

SILVER (XAGUSD)

Silver returned to its channel alike Gold. We think that it is a good idea to open positions from channel’s boundaries. There was an opportunity to sell from the MA55 balance line and to protect those positions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver fluctuated within a limited range last week according to our expectations and went upwards on Friday. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short positions from the lower side of the range.

[Adamant Finance]

Technical Outlook November 22, 2017

EURUSD

The currency pair offered an opportunity to open short positions from the MA55 balance line area during the European session and the price was in the profit area. There is an important US data today as well as the Federal Open Market Committee Meeting Minutes. We think that EUR/USD’s fluctuations will depend on the results of this data. There is the downtrend currently and you can open positions according to this information.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our downside tendency’s expectations. We think that EUR/USD is likely to resume its downside tendency in the next couple of days.

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

GBPUSD

Yesterday’s Inflation Report Hearings in UK has almost stopped the uptrend and we think it is time to make a pause and to start monitoring the situation. There was an opportunity to buy from the MA55 balance line yesterday and you could earn about 300 pips.

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. We think that GBP/USD is likely to stay within a large range in the next couple of days.

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

AUDUSD

The currency pair started to grow yesterday and short positions were closed with small losses. There is no trend currently and we recommend avoiding doing anything at the moment. However, when we look at the Weekly chart, we can see that AUD/USD is likely to resume 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 and crossed the trend line on the Weekly chart. We think that AUD/USD is likely to hold its positions below the trend line to develop its downside tendency.

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 positions according to our recommendations but there was no active growth. You had a chance to protect trades, but if you failed to do so, there was a small loss. We expected USD/CHF to resume its growth but it failed to go upwards.

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

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

Gold and Silver Technical Outlook November 22, 2017

GOLD (XAUUSD)

Gold failed to approach the lower side of the range and there was no opportunity to open long positions according to our recommendations. However, Gold went upwards and XAU/USD stays in the middle of the range right now. There are several US data releases today and we advise to pay attention to the Federal Open Market Committee Meeting Minutes release as it may have significant impact on fluctuations. We think that Gold is likely to stay within the range today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold remained within the range last week according to our expectations and went upwards in the end of the week. 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 below the MA55 balance line. We advise to open positions from the lower or upper side of the range.

SILVER (XAGUSD)

Silver fluctuated close to the middle of the range and there was no opportunity to open positions. We think that Silver is going to develop this dynamic unless the US data brings some surprises.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver fluctuated within a range according to our expectations and went upwards by the end of the week. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open positions from the upper or lower side of the range.

[Adamant Finance]

Technical Outlook November 23, 2017

EURUSD

The currency pair offered an opportunity to open short positions but stop losses triggered. The US data was below expectations and the latest Federal Open Market Committee Meeting Minutes have shown hesitations of the FOMC members and their concern about low inflation. Many FED members think that low inflation has long term nature. This may influence the next Interest Rates hike decisions in 2018. USD went downwards and the other major currencies went upwards. There is a holiday in the United States today and we think that the volatility during the American session will be limited.

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

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

GBPUSD

The currency pair went upwards sharply during the American session yesterday after the release of the Federal Open Market Committee Meeting Minutes results release. GBP/USD is in the uptrend now and we think that it is time to look for long trades today. The price is far from the MA55 balance line and it is better to wait until it approaches the indicator.

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 on the weekly chart last week frustrating our expectations. We think that GBP/USD is likely to fluctuate within a large range in the next couple of days.

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

AUDUSD

The currency pair developed its upside tendency yesterday and has broken the downside scenario on the Weekly chart. Now it looks like we have a fake breakout. However, we’ll see the real situation next week. It is difficult to say, how far this growth may be. There are holidays in the United States and we expect AUD/USD to start a correction 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 and had crossed the trend line on the Weekly chart. We think that AUD/USD is likely to stay below the trend line and 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.

USDCHF

The currency pair declined sharply and crossed the trend line on the Hourly chart. We think that USD/CHF is likely to develop its downside tendency in the next couple of days. We give no recommendations as the price is far from the balance line.

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

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

Gold and Silver Technical Outlook November 23, 2017

GOLD (XAUUSD)

Gold approached the upper side of the channel and there was an opportunity to sell from 1294,0. Stop loss should be placed above the upper side of the channel. Now you can move stop loss at breakeven level and protect your positions. You can fix your trades when the price comes closer to the MA55 balance line. There is a holiday in the United States today and the volatility will be lower during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold fluctuated within a limited range 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 above the MA55 balance line. We advise to open long positions from the lower side of the channel and short positions from the upper side of the range.

SILVER (XAGUSD)

Silver failed to approach the boundary of the range. However, we think that XAG/USD is likely to stay within this channel and we advise to open positions from its sides.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver fluctuated within a limited range last week according to our expectations and left it by Friday. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to buy from the lower side of the range and to sell from its upper boundary.

[Guest andengireng]

 

EURCHF today, you can see in the chart that EURCHF is still sideway, so you can put support & resistance line. so now, if price break resistance at 1.16378, you can buy it with take profit target at 1.16699. If price going down and break support, you can sell it at 1.15980 with 50 pips take profit point from your open position.

[Adamant Finance]

Technical Outlook November 24, 2017

EURUSD

The currency pair fluctuated in a small range according to our expectations. There is the Black Friday today and US bank are going to close earlier. WE expect no significant volatility during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our downside tendency’s expectations. We think that EUR/USD is likely to resume 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 avoid trading today as the situation is unclear.

GBPUSD

The currency pair fluctuated within a limited range yesterday according to our expectations. Yesterday’s activity was low and we give no recommendations for today as the US holiday (Thanksgiving Day) still continues.

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 likely to fluctuated within a large range in the next couple of days.

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

AUDUSD

The currency pair went upwards before the American session and then fluctuated within a range. We think that AUD/USD is likely to repeat this scenario today and we give no recommendations. We do not expect the currency pair to increase its volatility today regardless some important news.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week and crossed the trend line on the Weekly chart according to our expectations. We think that AUD/USD is likely to stay below the trend line and 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.

USDCHF

The currency pair approaches the MA55 balance line ding its correction and we think it is able to develop its growth later towards the broken through trend line. We expected USD/HCF to decline yesterday but there was a holiday in the United States and market participants’ activity was low. Today’s model hints on the probability of further growth.

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

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

Gold and Silver Technical Outlook November 24, 2017

GOLD (XAUUSD)

Gold decreased its volatility due to the US holidays yesterday. However, if you opened a trade from 1294, you could earn about 7 USD and to fix trades partially. XAU/USD still trying to reach the balance line and we think it is too early to fix all your trades. Stop losses should be at breakeven level and you can wait for profit.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold stood within a limited range last week according to our expectations. And left it by the end of the week. WE think that XAU/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long positions from the lower side of the channel and to sell from its upper side.

SILVER (XAGUSD)

Silver fluctuated within a tight range and failed to reach the upper side of the channel offering no opportunities to open short positions. However, we expect the price to reach it today. Today is Friday and US banks will close earlier due to the Black Friday’s events. It is better to close all positions before the weekend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver stood within a tight range last week according to our expectations and left it by the end of the week. 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 buy from the lower side of the channel and to sell from its upper side.

[Adamant Finance]

Technical Outlook November 27, 2017

EURUSD

The currency pair went upwards on Friday. We expected EUR/USD to have low volatility. This week is likely to start with a correction. However, we expect EUR/USD to resume its growth in the nearest future. We think that it is a good idea to open trades against the trend today with small targets The price is able to reach the MA55 balance line and you can aim this indicator when pacing trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth frustrating our expectations last week. We think that EUR/USD is likely to continue its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upward sand the price is above the MA55 balance line. We advise to open short positions from 1,19200-1,19250 area. Place stop losses at 1,19400.

GBPUSD

The currency pair went upwards on Friday. We think that GBP/USD is likely to start this week with a correction and we can see this already as the MA-channel becomes neutral. We give no recommendations today as GBP/USD has low volatility and incorrect trend.

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

AUDUSD

The currency pair still fluctuates within a range and we gave no recommendations on Friday. You could try short positions today but the situation on the Weekly chart do not allow to do this. We advise to monitor the situation today and to take steps tomorrow if there is any trend on the chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went above the trend line last week frustrating 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

The currency pair went downwards on Friday. There is no trend currently and we give no recommendations today. However, you could look for long positions, but should be accurate in this case. The price is able to reach 0,98400 in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week. WE think that USD/CHF 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 situation is unclear.

Gold and Silver Technical Outlook November 27, 2017

GOLD (XAUUSD)

Gold reached the MA55 balance line on Friday and you had an opportunity to fix positions. We advise to monitor the situation as gold is trying to reach the boundaries of the range. There is lack of important data today and we think that the volatility will be low.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its range last week according to our expectations. We think that XAU/USD is likely to stay within the channel in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long positions from the lower side of the channel or short positions from the upper boundary.

SILVER (XAGUSD)

Silver failed to reach the upper side of the channel and there was no opportunity to sell the precious metal. We think that the market participants are likely to be more active today. We advise to stick to the same tactics as previously and to trade from the boundaries of the channel.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its range last week according to our expectations. We think that XAG/USD is likely to continue to stay within this limited range in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades from the upper side of the channel and the short from the lower boundary.

[Adamant Finance]

Technical Outlook November 28, 2017

EURUSD

The currency pair had an expected correction yesterday and still goes in the same direction. The market volatility still grows up and we advise to pay attention to today’s important events. Yesterday’s short positions against the tendency were unsuccessful. Those trades are of high risk but we still advise to open short positions in this situation as there is a probability to win.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth last week frustrating our expectations. We think that EUR/USD is likely to continue its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open short positions from 1,19200-1,19250. Place stop losses at 1,19400.

GBPUSD

The currency pair has made a spike yesterday and we think that GBP/USD is likely to decline in the nearest future. We give a recommendation to sell within this neutral tendency and those positions will be of high risk. We advise to pay attention to the Bank of England head’s comments and the Bank stress tests results. Those events 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 went upwards last week within the range according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short positions from 1,33400-1,33500 area. Place stop losses at 1.33700.

AUDUSD

The currency pair remains within its range. The volatility had some growth yesterday, but AUD/USD still fluctuates without any clear direction. There are no even a single hint on further scenario. We give no recommendations today as the situation is unclear.

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

USDCHF

The currency pair still holds on the same positions as it fails to fall and has no fuel to go upwards. There is no trend currently and the price is in flat. We advise to avoid trading today and to monitor the situation as it is unclear whether USD/CHF is going to go upwards or to fall in the nearest future.

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

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

Gold and Silver Technical Outlook November 28, 2017

GOLD (XAUUSD)

Gold went towards the upper side of the channel and there was an opportunity to sell from there. You could open short positions from 1297,0 targeting the MA55 balance line. Now you can move stop loss to the order opening level in order to reduce your risks. We think that XAU/USD is likely to reach the MA55 balance line today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its limited range last week according to our expectations. We think that XAU/USD is likely to develop its fluctuations within the limited range.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to hold short positions from the MA55 balance line. Do not engage in any new trades now as Gold is likely to go towards the MA55 balance line.

SILVER (XAGUSD)

Silver approached the upper side of the channel and there was an opportunity to sell aiming the MA55 balance line. The profit was small but it is enough for Silver. We advise to stick to this tactic and to open positions from the sides of the range.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its range last week according to our expectations. We think that XAG/USD is likely to develop its range fluctuations in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long positions from the lower side of the range and to sell from its upper boundary.

[Adamant Finance]

Technical Outlook November 29, 2017

EURUSD

The currency pair failed to reach 1,19200 and there was no opportunity to sell from there according to our recommendations. Yesterday’s US data was favorable for USD’s growth and EUR/USD went downwards. The currency pair is trying to change its tendency once again and we think it is time to look for short positions 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 accelerated its growth last week frustrating our downside tendency’s expectations. EUR/USD is likely to continue 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 positions from the MA55 balance line. Place stop losses above the indicator. 

GBPUSD

The currency pair declined yesterday alike EUR/USD did but the news from the Great Britain about Brexit, allowed GBP/USD to went upwards again. One of the news agencies had announced that The United Kingdom and the European Union have reached an agreement on Brexit financial issues. However, the currency pair offered an opportunity to sell before this event and you could fix about 1300 pips of profit. There were no difficulties to close positions yesterday.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

The currency pair is still fluctuating within a range and the volatility is low. The currency pair behave itself in a strange manner and we advise to monitor the situation. We think this low volatility is due to the fact that AUD/USD is close to a strong and important technical level on the higher timeframes.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was upper the trend line 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

The currency pair’s growth is not suitable for trading now and we give no recommendations. Such fluctuations are similar to an upside flat. We think that once the price reaches the trend line on the Hourly chart, it will start to decline and it is better to wait until this moment comes.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth last week frustrating our upside tendency’s expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

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

Gold and Silver Technical Outlook November 29, 2017

XAUUSD

Gold reached the MA55 balance line and you could close your short positions there with small profit. The price is close to the upper side of the channel and the Northern Korea situation does not allow us to open trades. Medias reported that the Norther Korea Has launched another ballistic missile. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its range last week according to our expectations. We think that XAU/USD is likely to continue its fluctuations within this range.
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. 

XAGUSD

Silver reached the lower side of the channel and offered an opportunity to open long positions. The situation with a launch of the Norther Korea ballistic missile could help Silver to go upwards, but this does not happen. You can protect your positions by placing stop losses at breakeven level. We advise to hold positions until the price reaches the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its range last week according to our expectations. We think that XAG/USD is likely to stay within this range in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to hold positions from the MA55 balance line. 

[Adamant Finance]

Technical Outlook November 30, 2017

EURUSD



The currency pair failed to approach the MA55 balance line and there was no opportunity to sell EUR/USD according to our recommendations. US data was strong, but it had almost no influence on fluctuations. Budget Committee has adopted new amendments to the taxes law. This event could give some additional support to USD. There is important Eurozone inflation data today. Market participants expect this data to be better than previous.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth last week frustrating our expectations. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator. 

GBPUSD



The currency pair continues its upside tendency after news on Brexit. GBP/USD almost reached the upper side of the MA-channel during the Asian session and we give no recommendations. We think that it is a good idea to “sit on the hands” as the situation is unclear now.

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

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

AUDUSD



The currency pair tries to go downwards and is going to develop a downside tendency. We think it is a good idea to try to open short positions, but the volatility is still low. If you place sell orders, it is better to choose closer targets.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair returned to its previous positions last week. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

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

USDCHF



The currency pair is still inconvenient for any actions and we give no recommendations. However, USD/CHF established new weekly highs and is moving towards the trend line on the Hourly chart. We think that there will be some trading opportunities when the price reaches the trend line.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week, frustrating our expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

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


Gold and Silver Technical Outlook November 30, 2017

GOLD(XAUUSD)



Gold declined finally. XAU/USD was close to the upper side of the channel for several days. Better than expected US data and adoption of amendments to tax legislation by the Budget Committee offered some support to USD and Gold went downwards. There is an important Eurozone inflation data today. We advise to pay attention to US Personal Spending data as well.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its limited range last week according to our expectations. We think that XAU/USD is likely to stay within this range for a 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 closed previously opened long positions, which we had placed close to the lower side of this horizontal range. Positions were closed at breakeven level as we advise to move stop losses there. Silver developed its downside tendency and reached the lower side of the MA-channel. We give no recommendations now.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its limited range last week according to our expectations. We think that XAG/USD is likely to develop its flat fluctuations in the next couple of days.

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

[Adamant Finance]

Technical Outlook December 1, 2017

EURUSD



The currency pair offered an opportunity to sell according to our recommendations from the MA55 balance line. The price was in the profit area for more than 500 pips and there was a chance to fix positions without any troubles. This downside tendency was the result of a worse than expected Eurozone inflation data as the final result was weaker than experts had previously forecasted. However, later the currency pair went upwards sharply as the US President Donald Trump has announced the probability of the Secretary of State Tillerson Resignation. The uptrend has started. We have announced it in the beginning of the week.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth last week frustrating our expectations. We think that EUR./USD is likely to develop its upside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long positions form the MA55 balance line. Place stop losses below the indicator. 

GBPUSD



The currency pair is still going upwards after the latest Brexit news. The price is likely to stop at 1,36000 or somewhere near this level. The uptrend is very strong and you can try to open long positions from MA13. However, remember that risks are very high.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to 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 positions from the MA13. Place stop losses below the indicator.

AUDUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line yesterday according to our recommendations. The price was in the profit area for 300 pips and there was an opportunity to fix positions with positive results. There was two chances to sell and both ended almost with the same results. We think that it is a good idea to look for short positions today.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went above the trend line last week. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair approached the trend line on the Hourly chart and offered opportunities to open short positions according to our recommendations. The price declined for more than 600 pips. However, we think that this downside tendency has just began and we advise to hold short positions. Move stop losses at breakeven level.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our upside tendency’s expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to hold short positions from the trend line on the Hourly chart.


Gold and Silver Technical Outlook December 1, 2017

GOLD(XAUUSD)



Gold goes downwards in a wave manner and it is hard to stop such a downside tendency. You could look for short positions yesterday. The price failed to move closer to the MA55 balance line and it was better to avoid doing anything. You can try to sell from the MA13, but risks are very high. We advise to pay attention to the PMI data from the strongest economics in the World. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price returned to its limited range last week according to our expectations. We think that Gold is likely to stay within this channel for 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 MA13. Place stop losses above the indicator. 

SILVER(XAGUSD)



Silver developed its aggressive decline yesterday and failed to approach the MA55 balance line. The price made a significant way downwards and we think that it is going to stop in the nearest future. We give no recommendations as we think that a correction is possible.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its limited range last week according to our expectations. We think that XAG/USD is likely to stay within this channel for the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

[Adamant Finance]

Technical Outlook December 4, 2017

EURUSD

 The currency pair offered an opportunity to sell from the MA55 balance line according to our expectations. The price went upwards and stop losses could trigger but if you are still in the market, you could earn about 600 pips and to fix profit without any difficulties. This week is important for the markets as there is a probability of significant fluctuations on Friday due to the US Labor Market and Average Hourly Earnings releases. However, today there is no important data from United States and Eurozone and we expect the volatility to be medium. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to develop its range fluctuations 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 offered an opportunity to open long positions from the MA13. However, those trades were unsuccessful. We have noticed that those positions will be of high risk. GBP/USD has started a correction and we advise to wait until the end of this correctional downside tendency before taking any further steps.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to 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.

AUDUSD

The currency pair offered an opportunity to sell from the MA55 balance line according to our recommendations. However, there was no chance to have profit with those positions as stop losses triggered. AUD/USD shows intensions to grow and we think that there will be a fake breakout on the Weekly chart. We advise to prepare for long positions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in a range last week according to our expectations. We think that AUD/USD will remain in this range in the nearest future and will leave it upwards later.

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

USDCHF

The currency pair declined from the trend line on the Hourly chart according to our expectations. However, the price tested the trend line again and stop losses could trigger. If you remained in the market, your profit could reach 1200 pips. You had an opportunity to fix trades.

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 stay within this wide range for 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 December 4, 2017

XAUUSD

Gold offered an opportunity to sell according to our recommendations but those positions were closed by stop losses. The trades were of high risk as we had previously mentioned. US political events influence USD and its fluctuations are unstable. We think that the situation will be the same this week and it is better to be prepared for some surprises. 
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 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.

XAGUSD

Silver stopped its downside tendency on Friday, but we think it may resume its decline in the nearest future. We think it is a good idea to look for short positions from the MA5 balance line.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside 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.

[Adamant Finance]

Technical Outlook December 5, 2017

EURUSD

The currency pair fluctuated in a small range yesterday as there was no important data to increase volatility. There is no tendency currently but you can try to open short positions form the MA5 balance line with close targets. It is better to open positions in the first half of the day. We advise to pay attention to Eurozone PMI and Retail Sales data as it may influence fluctuations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within a range last week according to our expectations. We think that EUR/USD is likely to stay within this range for 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 MA55 balance line. Place stop losses above the indicator. Those positions are risky. 

GBPUSD

The currency pair had some sharp fluctuations yesterday as the negotiations on Brexit has started again. Market participants expected those negotiations to have positive results. However, there was some problems during the meeting that remained unsolved and GBP/USD went downwards with the same speed. We advise to pay attention to UK PMI data as it may influence fluctuations.
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 our expectations. We think that GBP/USD is going to develop is 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 open short positions from the MA55 balance line. The trade is risky.

AUDUSD

The currency pair fluctuated in a small range on Monday. However, it started to grow today in the morning as the Australian data was better than expected. We advise to pay attention to today’s Reserve Bank of Australia meeting. Experts expect the Interest Rate to remain unchanged. We think that AUD/USD is likely to go upwards today.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
The currency pair approached the trend line on the Hourly chart. We think that it is going to break through this line today. However, there is no trend currently and we give no recommendations. We advise to do nothing today. The currency pair is likely to go upwards in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and gained back some positions. We think that USD/CHF is likely to stay within this range for 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 approached the trend line on the Hourly chart. We think that it is going to break through this line today. However, there is no trend currently and we give no recommendations. We advise to do nothing today. The currency pair is likely to go upwards in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and gained back some positions. We think that USD/CHF is likely to stay within this range for 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 December 5, 2017

XAUUSD

Gold fluctuated within a small range on Monday as there was no important events to shake the markets. There are several important events today and we expect XAU/USD to increase its volatility. US tax law amendments were adopted by the Senate, but this event had no impact on fluctuations. 
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. 

XAGUSD

Silver offered an opportunity to open short positions from the MA55 balance line, but the profit was low as the market activity was also low. There are two options now – you can fix your positions and earn about 10 pips or leave your trades unchanged and to hope for the better results. Stop losses should be moved to the breakeven level in this case.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook December 6, 2017

EURUSD

The currency pair declined yesterday during the European session after the weaker than expected Eurozone data. EUR/USD accelerated its decline later as the Senate has adopted new amendments to the tax legislation. There was an opportunity to sell from the MA55 balance line. You could earn about 700 pips in this case. There are several important US data releases today and we think that the volatility is going to be high.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to stay within this range for 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. 

GBPUSD

The currency pair offered an opportunity to sell from the MA55 balance line according to our recommendations. You could take 500 pips profit in this case. GBP/USD went downwards as the UK data was weaker than expected. USD went upwards as well due to the adoption of amendments to tax legislation by the Senate. We advise to pay attention to the US data, which is to be released today during the American session.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards las week according to our expectations. We think that GBP/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 positions form the MA55 balance line. Place stop losses above the indicator.

AUDUSD

The currency pair stopped its upside tendency during the Asian session. We can see some signs of a reverse. Today’s Australian GDP data was disappointing. We think that AUD/USD is likely to develop its downside tendency in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated in a small range last week according to our expectations. We think that AUD/USD is likely to stay within the range for the next couple of days. We also expect the currency pair to break the upper side of the range later.

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 went through the trend line on the Hourly chart according to our expectations. We think that it is a good idea to open positions from the trend line on the Hourly chart. There is a high probability that USD/CHF is going to develop is upside tendency in the nearest future.

There is the downtrend 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/CHF is likely to develop its range fluctuations 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 December 6, 2017

GOLD(XAUUSD)

Gold went downwards yesterday after a short pause. USD’s growth supported this downside tendency. The price established new weekly lows and approached the trend line on the Weekly chart. We think that Gold is likely to fail to break through the trend line from the first attempt. There is the downtrend currently but there is a support which is likely to hold the precious metal for some time.
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 the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

SILVER(XAGUSD)

Silver developed its downside tendency and the idea to hold short positions was right. We advise to leave trades and to move stop losses at breakeven level. There was an opportunity to take about 35 pips. Silver has no obstacles to continue its decline. We advise to fix trades partially and to leave the rest as the profit may grow further. It is better to avoid opening new positions.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside 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.