Adamant Finance Posted August 12, 2016 Author Share Posted August 12, 2016 Technical Outlook August 12, 2016 EURUSD EUR/USD traded in ascending direction during yesterday’s sessions. An important US data is to be published today. It may influence expectations on future Interest Rates increase. It is to notice, that on the eve of this important US data expectations on Rates increase during this year grew up to 50%. The neutral trend is in progress on the Weekly chart as the price is fluctuating around the MA55. There is a probability of growth towards the trendline with further attempts to break it through. The uptrend is progressing on the Hourly chart as the MA-channel goes upwards although the price is below the MA55. We advise to open trades only after US data. We also recommend opening short trades on strong US data and vice versa. You may trade from the MA55 balance line as well. GBPUSD GBP/USD offered some opportunities to open short trades yesterday from the MA55. The price went down for more than 600 pips. The currency pair dynamics depends on the US Retail Sales data today. There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD attempted to reverse last week. However, the Bank of England Monetary Policy Committee’s decision and US data provoked the downside tendency. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open trades only after the US data. You may try to open short trades on strong US Retail Sales stats and vice versa. You may also trade from the MA55 balance line. AUDUSD AUD/USD slides down and long trades have no reason. However, the MA-channel still indicated the uptrend. The currency pair dynamics today will mostly depend on the US Retail Sales data. There is still the uptrend on the Weekly chart as the price is above the MA55. AUD/USD closed last week in a positive area. We expect this dynamics to continue this week. The uptrend is still in progress on the Hourly chart as the MA-channel looks upwards although the price is below the MA55. We advise to trade after the US Retail Sales data today. Open short trades if this data is stronger than expected and vice versa. You may also open trades from the MA55 area. USDCHF USD/CHF goes back to the MA55 balance line creating some good potential for evening fluctuations. The direction of those fluctuations depends on the evening US Retail Sales data. There is still no trend on the Weekly chart as the price is balancing around the MA55. A sharp change in tendency on the Hourly chart indicated a correction. The downtrend is in progress on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open trades after the US Retail data only. If it is better than expected, you may open short trades and vice versa. You may also open trades from the MA55. Official website: http://www.adamantfinance.com Gold/Silver Technical Outlook August 12, 2016 GOLD (XAUUSD) XAU/USD declined according to our expectations although there was no change in trend. The pattern that we have seen yesterday in the morning was not bullish and we gave no advises. We did not make any recommendations to open short trades as you may see yesterday’s dynamics. Investors will pay attention to today’s US Retail Sales data and choose the direction according to its results. There is the uptrend on the Weekly chart as the price is above the MA55. We can see another attempt to break through the trendline. The neutral trend is in progress on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to trade only after US Retail Sales data today. If it is stronger than expected, open short positions and vice versa. SILVER (XAGUSD) Silver is in correction and investors wait for today’s US Retail Sales data. Its results may (if it is worse than expected) may influence growth towards new highs on the Weekly chart. There is the uptrend on the Weekly chart as the price is above the MA55. We expect some range trading within 19,30-20,40. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is below the MA55. We advise to trade after US Retail Sales data only. If it is stronger than expected, you may open short trades and vice versa. Official website: http://www.adamantfinance.com/ Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 15, 2016 Author Share Posted August 15, 2016 Technical Outlook August 15, 2016 EURUSD EUR/USD had a sharp upside momentum after worse than expected US Retail Sales data. You could try to open long trades according to our recommendations. Those news could bring traders about 400 pips. However, after Fed member’s Williams speech, investors were persuaded that FOMC is to raise rates again this year. He told, that the Fed has to increase interest rates this year as it will do no harm to the US economy growth. This week we recommend paying attention to the FOMC meeting minutes which are to be published on Wednesday. There is no trend on the Weekly chart as the price is balancing around the MA55. Trendline resisted Bulls’ attack and we expect some price decline this week. The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We recommend opening short positions from the MA55 area today.. GBPUSD GBP/USD traded in both directions and you could earn about 500 pips after the US Retail Sales data. US statistics was worse than expected. We advise to pay attention to the UK Labor market, Retail Sales as well as CPI y/y data this week. Those stats may have a considerable impact on the GPB/USD fluctuations. The downtrend is in progress on the Weekly chart as the price is below the MA55. The currency pair continues its downside tendency. There is the downtrend on the Hourly chart as Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 16, 2016 Author Share Posted August 16, 2016 Technical Outlook August 16, 2016 EURUSD EUR/USD changed its direction to the upside which may result in losses in case if you have opened short trades from the MA55. Friday’s Retail Sales data gave stronger effect to USD than Fed member Williams’ speech. There is a lot of EU and US releases today and we expect the volatility to grow. The neutral trend holds its positions on the Weekly chart as the price is balancing around the MA55. Trendline held some previous attacks and the price may decline this week. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to try long trades from 1,11850. GBPUSD GBP/USD declined for about 600 pips yesterday and you could open short trades from the MA55. There is an important UK CPI data today and the decline may accelerate. The currency pair bounced from the lower trendline. However, there is still the probability of retest. The downtrend is still in progress on the Weekly chart as the price is below the MA55. The currency pair continues its downside tendency. As for the Hourly chart, we may see the downtrend here as well as the MA-channel goes downwards and the price is below the MA55. We recommend opening short trades from the MA55 area. AUDUSD AUD/USD approached to the MA55 yesterday during European session allowing traders to sell. However, further decline was short offering not more than 200 pips. Those, who opened trades had an opportunity to protect their positions by moving stops to the opening level. The last RBA meetings minutes were released today and there was nothing new to pay attention to. There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair has done all its goals (reached the trendline) and went down after. We expect this dynamics to continue this week. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We recommend opening short trades from 0,76900. USDCHF USD/CHF formed a downside pattern and we advise to search for short trades only when the price crosses 0,97000/0,97100. The MA-channel changed its direction to downside confirming our expectations. There is no trend on the Weekly chart as the price is balancing around the MA55. We expect current week’s fluctuations to be opposite to the last ones. There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open short trades when the price crosses 0,97000/0,97100. Official website: http://www.adamantfinance.com/ Gold/Silver Technical Outlook August 16, 2016 GOLD (XAUUSD) XAU/USD tries again to cross the trendline on the Weekly chart and this time it may succeed. There is a lot of macroeconomic events today and this breakthrough may happen within the upcoming 24 hours. The main event to pay attention is US CPI data. The uptrend is in progress on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed. We expect some correction this week. There is no trend on the Hourly chart as the Ma-channel is horizontal and the price is above the MA55. We advise to open long trades from the MA55 area. SILVER (XAGUSD) XAG/USD did a correctional growth yesterday. Today we expect the rise to accelerate especially if US data is disappointing. There is also a negative scenario for Silver. In this case XAG/USD may decline to the trendline on the Hourly chart. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD is trading within the 19,30-20,40 range. This week we expect it to go to the lower side of the range and to break it through. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to open long trades from the MA55 area. Official website: http://www.adamantfinance.com/ Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 17, 2016 Author Share Posted August 17, 2016 Technical Outlook August 17, 2016 EURUSD EUR/USD grew sharply during Asian session and established new two months’ highs during European session. This rise was evoked by the better than expected Eurozone ZEW Economic Sentiment data released yesterday. There was no opportunity to open long trades according to our recommendations as the price did not correct to the necessary area. US data was disappointing and we advise to wait until today’s FOMC meeting minutes. The neutral trend is still in progress on the Weekly chart as the price is balancing around the MA55. Trend lines were broker through and if the price is able to holds its current positions, there is a possibility of growth towards 1,15000. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to consider long trades from the MA55 if the price goes back to the curve. GBPUSD There was an opportunity to enter short trades from the MA55 according to our recommendations. The price went down for about 300 points offering a possibility to move stop orders to the breakeven level. Those stops triggered and GBP/USD went upwards on better than expected UK CPI data and worse than forecasted US inflation statistics. Today we recommend paying attention to the US FOMC Meeting Minutes. There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD is still developing the downside tendency. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to place long orders from the MA55 area. AUDUSD AUD/USD moved different directions during yesterday. Short trades failed to bring some profit. Today the currency pair tries to break through the trendline on the Hourly chart. We advise to avoid trading today and wait for today’s FOMC Meeting Minutes. WE expect the situation to be more clear after that release. The uptrend is still progressing on the Weekly chart as the price is above the MA55. The currency pair reached the trendline and went down. We expect this dynamics to continue this week. There is the uptrend on the Hourly chart as the MA-channel goes upwards although the price is below the MA55. We advise to avoid trading AUD/USD today. USDCHF USD/CHF traded according to the pattern for short positions from 0,97000/0,97100. It is time to take a pause in trading as investors wait for the FOMC Meeting Minutes release. If you have any open positions, it is the right time to close them. The neutral trend is still in progress on the Weekly chart as the price is balancing around the MA55. USD/CHF traded according to our expectations last week. This week we expect the opposite fluctuations. There is the downtrend on the Hourly chart as the MNA-channel looks downwards and the price is below the MA55. We recommend avoiding trading today. Official website: http://www.adamantfinance.com Gold/Silver Technical Outlook August 17, 2016 GOLD (XAUUSD) XAU/USD Has some difficulties in breaking through the trendline on the Weekly chart. You may see that the price went back to its previous positions after yesterday’s upside momentum. There is a probability that today’s FOMC Meeting Minutes release will provoke XAU/USD growth. The uptrend is in progress on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline may succeed. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today because of the FOMC Meeting Minutes release. SILVER (XAGUSD) XAG/USD failed to grow although US inflation data was worse than expected. We think that the market waits for today US FOMC Meeting Minutes release. Interest rates growth expectations remain unchanged at 50%. There is the uptrend on the Weekly chart as the price is above the MA55. The precious metal trades within the 19,30-20,40 range. There is a probability that XAG/USD goes to the lower side of the range and breaks it through this week. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today. Official website: http://www.adamantfinance.com Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 18, 2016 Author Share Posted August 18, 2016 Technical Outlook August 18, 2016 EURUSD EUR/USD traded in a tight range on the eve of the FOMC Meeting Minutes. The currency pair went down right after the release of the Minutes and reached the MA55, allowing to open long trades according to our recommendations. However, the investors changed their mind then as the Minutes did not give any hint on the probability of interest rates growth this year. Fed is going to assess economic growth and inflation to take further decisions. EUR/USD did about 500 pips as result of yesterday’s fluctuations. We advise to pay attention to the EU inflation data and ECB Meeting Minutes today. There is no trend on the Weekly chart as the price is balancing around the MA55. Thend lines were broken through and if the price holds those levels there is a probability of growth towards 1,15000 in the upcoming weeks. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 today or hold yesterday’s long trades if you did not fix them. GBPUSD GBP/USD went down to the MA55 right after the FOMC Meeting Minutes release. There was a good opportunity to open long trades according to our recommendations. You could earn about 1000 pips. Today there is a probability of the currency pair growth to continue if UK Retail Sales data is better than expected. Otherwise, GBP/USD may decline sharply. The downtrend is still in progress on the Weekly chart as the price is below the MA55. GBP/USD meet a strong resistance and the downside tendency may resume. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 area. Place stops below the MA55. AUDUSD AUD/USD declined yesterday but went upside today in the morning right after the Australia Labor Market data release. However, there is still no trend. AUD/USD is fluctuating in a wide range. We advise to avoid trading today. There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD reached the main trendline and then reversed downwards. This dynamics may continue this week. There is no trend on the Hourly chart as the MA-channel is horizontal although the price is above the MA55. We advise to avoid trading today. USDCHF USD/CHF declined yesterday in the final minutes of Wednesday. The currency pair is close to a very important weekly support (trendline). Here is the main reason why USD/CHF is not able to go down further. If USD losses significantly its positions, the currency pair may cross this support. There is no trend on the Weekly chart as the price is fluctuating around the MA55. The situation completely met our expectations last week. We expect the situation to be opposite this week. There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to avid trading today in the morning. Official website: http://www.adamantfinance.com/ Gold/Silver Technical Outlook August 18, 2016 GOLD (XAUUSD) XAU/USD traded in a tight range on the eve of the FOMC Meeting Minutes release. However, Gold resumed its growth right after the event and it may continue today as there are no signs of interest rates growth in the nearest future. Interest rates futures shows the decline of expectations in rates growth in September from 18 to 12%. This may indicate on further uptrend in XAU/USD. There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trend line may be successful. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. WE advise to open long trades from the MA55 area. Place stops below the MA55. SILVER (XAGUSD) XAG/USD continued to trade with negative dynamics on the eve of the FOMC Meeting Minutes release. It change the direction right after the event. We expect the price to be in the positive area today. However, we recommend avoiding trading at the moment. The uptrend is in progress on the Weekly chart as the price is above the MA55. XAG/USD is trading within the 19,30-20,40 range. We expect it to go down to the lower side of the range and to break it through this week. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today. Official website: http://www.adamantfinance.com/ Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 19, 2016 Author Share Posted August 19, 2016 Technical Outlook August 19, 2016 EURUSD EUR/USD continued its positive dynamics regardless a weak Eurozone inflation data and ECB aspiration to monetary policy easing. The currency pair growth is influenced mostly by the weakness of the US dollar as the situation with interest rates rise in USA is unclear. The price did not reach the balance line and there was no opportunity to buy from the MA55. However, if you still hold your previous long trades, you could get some additional profit. Today we expect weak dynamics as there is no important data. There is no trend on the Weekly chart as the price is balancing around the MA55. Trend lines were broken through and if the price holds on those levels, there is a probability of growth towards 1,15000 in the upcoming weeks. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We expect some correction or flat trading today and advise to avoid trading. GBPUSD GBP/USD rallied on the better than expected UK Retail Sales data. There was no opportunity to buy from the MA55 as the price did not go there anymore. We expect weak dynamics today as there is no important data to be released. There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD met a serious resistance and it may resume its downside tendency. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We expect a correction or a flat trading today. It is better to avoid trading in this case. AUDUSD AUD/USD traded in both directions yesterday regardless the USD decline and Oil prices growth. The currency pair continues to trade within a very large range approaching a very important obstacle on the Weekly chart. AUD/USD declined to a lower side of the range today in the morning. We advise to avoid trading on Friday. The uptrend is still in progress on the Weekly chart as the price is above the MA55. The currency pair reached the goal at the main trendline and then reversed. We expect this dynamics to continue this week. There is no trend on the Hourly chart as the MA-channel is horizontal although the price is below the MA55. It is better to avoid trading on Friday. USDCHF USD/CHF declined in the last minutes of Thursday and crossed an important support line on the Weekly chart (it broke through the trendline). If the currency pair ends the week below the trendline, there is a probability of further decline during a couple of weeks. There is no trend on the Hourly chart as the price is fluctuating around the MA55. We predicted fluctuations last week and we expect USD/CHF to move in the opposite direction this week. There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to avoid trading today. Gold/Silver Technical Outlook August 19, 2016 GOLD (XAUUSD) XAU/USD traded in both directions and declined to the balance line allowing to open long trade according to our recommendation. The price then went up offering an opportunity to move stops to the breakeven level in order to protect your trades. However, stops triggered as the market was unable to move higher from the current levels. There is a probability of a negative dynamics as the price may decline after an unsuccessful attempt to go upwards. There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline may be successful. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today. SILVER (XAGUSD) Silver slides down. XAG/USD is unable to move higher. This may result in a descending dynamics in the nearest future. It is one of the market’s rule when the price is unable to grow, it starts to go down. We advise to avoid trading today. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD traded within the 19,30-20,40 range as we predicted previously. This week we expect the price to decline towards the lower side of the range with further breakthrough. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading today. Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 22, 2016 Author Share Posted August 22, 2016 Technical Outlook August 22, 2016 EURUSD EUR/USD traded according to our expectations on Friday. There was a downside correction during Asian session and then a weak dynamics after an active growth on Thursday. We advise to pay attention to the Ifo Business Climate data and Janet Yellen speech at Jackson Hole Symposium. Those events will take place on Thursday and Friday. As for the first half of this week, we expect some further correction. The uptrend is in progress on the Weekly chart as the price is above the MA55. New week promises to be corrective after a sharp momentum, that we have seen the last week. There is a high probability of getting 1,15000 in the next couple of weeks. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55. There is a probability of reverse and we do not advise to open long trades. We recommend observing the trendline. If it is broken through, the reverse will be confirmed. Then, you may consider short trades. GBPUSD GBP/USD declined on Friday as result of announcements that UK is going to leave the European Union in the first half of 2017. The currency pair lost more than 1000 pips. This event was unexpected. The main statistics is to be released on Friday that is why we recommend paying attention to USD fluctuations. There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD may decline below 1,30000 this week. There is the uptrend on the Hourly chart as the MA-channel looks upwards, although the price is below the MA55. We expect GBP/USD to change the current tendency and we advise to avoid long trades. The breakthrough of the trendline tells us about a high probability of reverse as well as the current pattern. You may try short trades from the current levels or closer to the MA55. AUDUSD AUD/USD traded close to the lower side of the two-weeks range and there is a high probability of a breakthrough with further downside tendency. There is no important data to follow this week and we recommend paying attention to USD. There is still the uptrend on the Weekly chart as the price is above the MA55. Second Doji on the Weekly chart tells us about a struggle for this resistance level. The price is unable to cross the resistance which may result in reverse of the tendency. There is the downtrend on the Hourly chart as the Ma-channel goes downwards and the price is below the MA55. We advise to open short trades from 0,76000. USDCHF USD/CHF closed last week above the weekly trendline. The price is unable to cross this line and this may result in a change of the current tendency. We expect the currency pair to grow regardless the fact that USD/CHF is still in the downtrend. There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF closed above the trendline which may result in further growth of the currency pair. There is the downtrend on the Hourly chart as the MA-channel looks downwards although the price is above the MA55. A sharp price growth may change the tendency. We advise to avoid short trades. We recommend also following the trendline. If it is broken through, the tendency will change and then you may try short trades. Gold/Silver Technical Outlook August 22, 2016 GOLD (XAUUSD) Gold was unable to renew highs and reversed downwards according to our expectations. A pattern fo further downside tendency is forming. The price went down today in the morning and this process may accelerate. The main event of the week to pay attention to is the Fed Head’s Yellen speech at Jackson Hole Symposium. There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed. This may lead to further price decline. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from 1338,00. SILVER (XAGUSD) XAG/USD accelerated its decline on Friday and opened with a gap today in the morning. We expected this situation. Unfortunately, there was no opportunity to open trades. It is too risky to enter the market at the moment. There is the uptrend on the Weekly chart as the price is above the MA55. Silver declined to the lower side of the 19,30-20,40 range and crossed it today in the morning. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. XAG/USD is out of the MA-channel and we advise to avoid trading today. Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 23, 2016 Author Share Posted August 23, 2016 Technical Outlook August 23, 2016 EURUSD There was no breakthrough of the trendline yesterday. The tendency is neutral at the moment. Investors are waiting for the Fed Head’s speech or other important data which is to be released this week. It is possible that the currency pair will be in this neutral position for the whole week. Today some important data from Eurozone and USA is to be released. Those statistics may bring some action to trading. There is the uptrend on the Weekly chart as the price is above the MA55. This week may be corrective after some sharp growth during the last 5 days. There is a high probability of EUR/USD to grow towards 1,15000. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today. GBPUSD GBP/USD had some growth after the announcement that British government prepares some measures to support the construction sector. If you opened sort trades, they were unsuccessful. However, GBP/USD is trading just below the trendline and the MA-channel prepares to change its direction. If 1,30800 is broken through, there is a high possibility of further downtrend to develop. There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair may go down below 1,30000 this week. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We expect the current tendency to change and we advise to avoid long trades. You may try to open short positions when the price crosses 1,30800. Place stops above the MA55. AUDUSD AUD/USD made a fake breakthrough of the trendline during Asian session. The short positions from 0,76000 were unsuccessful. However, stop orders were close and we advise to reenter the market when the price crosses 0,76000. There is no important data from Australia this week. It means that you have to pay attention to USA statistics and events. There is still the uptrend on the Weekly chart as the price is above the MA55. Second Doji on the Weekly tells us that there is a struggle close to this resistance level. The price is unable to cross it. This fact may result in a change of the tendency. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. WE advise to open short trades when the price crosses 0,76000. USDCHF The currency pair has changed its tendency on the Hourly chart. There was no opportunity to open long trades. Today you may try to buy regarding the probability of the trendline breakthrough. Place small stops. There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF closed last week above the trendline and the upside tendency may continue. The uptrend is in progress on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to open long trades from the MA55 area placing stops below this curve. Gold/Silver Technical Outlook August 23, 2016 GOLD (XAUUSD) There was an opportunity to open short trades from 1338,00 with stop above the MA55. You may try to protect your positions soon, moving stops to a breakeven level. If XAU/USD continues to decline today, you may get some good profit. There is also a probability, that the price will trade into a range before the Fed Head’s Yellen speech during Jackson Hole Symposium. There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed and XAU/USD may decline. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to hold short trades from 1338,00. There is another opportunity to sell from 1338,00. SILVER (XAGUSD) XAG/USD traded in a tight range approaching the balance line. The price may go back to 19,50 and resume its decline then. Anyway, it is better to avoid trading at the moment. There is the uptrend on the Weekly chart as the price is above the MA55. Silver went down to the lower side of the 19,30-20,40 area and crossed it today in the morning. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. The price is still far from the balance line and we advise to avoid trading. Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 24, 2016 Author Share Posted August 24, 2016 Technical Outlook August 24, 2016 EURUSD EUR/USD still holds neutral position. US New Home Sales data was rather strong and gave some support to USD. The currency pair tests the trendline at the moment on the Hourly chart. However, the breakthrough of the trendline during the Asian Session may be fake. We advise to pay attention to US Existing Home Sales data today as USD may be given some more support like it was yesterday. The uptrend is in progress on the Weekly chart as the price is above the MA55. A correction is possible after some sharp momentum last week. There is a high probability of growth towards 1,15000 in the next couple of weeks. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to avoid trading today. GBPUSD GBP/USD continued its growth. There was no opportunity to open trades as the price did not reach the key level for short positions. The currency pair moves right below the trendline on the Hourly chart and we expect this dynamics to continue today as we see the uptrend. There is still some space for further growth towards 1,33000 regarding the Weekly chart. There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair may decline to 1,30000 this week. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from 1,31500 today. Place stops below the MA55. AUDUSD There was no decline below 0,76000 to open short trades according to our recommendations. The trend is neutral at the moment. The situation may remain unclear until the Fed Head’s Yellen speech which is to take place on Friday. This event may determine further direction of fluctuations. There is still the uptrend on the Weekly chart as the price is above the MA55. Second Doji on the Weekly chart tells us that there is a struggle close to the resistance level. The price is unable to cross this level which may result in a change of the current tendency. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today. USDCHF USD/CHF broke through the trendline according to our expectations. You could open long trades from the MA55. Stop should be placed at 150 pips from the order as there is no sense to place it closer regarding this currency pair. This position could bring you some profit. You could move stops to a breakeven level and hold the trade. There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF closed above the trendline and the uptrend may continue. There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to hold long trades. Gold/Silver Technical Outlook August 24, 2016 GOLD (XAUUSD) XAU/USD remains calm on the eve of the Fed Head’s Yellen speech which is to take place on Friday. Short trade from 1338,00 failed to bring profit and stops triggered (if you had placed it right above the MA55). Unfortunately, this downside tendency stopped. XAU/USD fluctuates in a range at the moment and we advise to avoid trading. There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed. This may lead to a change in tendency. There is the downtrend on the Hourly chart as the MA-channel goes dowawards and the price is close to the MA55. We advise to avoid trading today. SILVER (XAGUSD) XAG/USD almost reached the balance line and then moved downwards without making new weekly low. Today the price goes back in the upside direction without any desire to develop the tendency. It seems that we have a range in which the price will be during the next couple of days. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD went to the lower side of the 19,30-20,40 range and crossed it today in the morning. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We advise to avoid trading today. Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 25, 2016 Author Share Posted August 25, 2016 Technical Outlook August 25, 2016 EURUSD EUR/USD declined yesterday although GBP/USD grew and Australian dollar was in a range. WE advise to pay attention to Ifo German Business Climate data which is to be released today. This statistics may give some additional support to EUR. It is to say that EUR/USD decline was also a result of fixing long trades on the eve of today’s Fed Head’s Yellen speech. There is a probability of sharp moves during this event and we give no trading recommendations as it is better to open positions after the speech. There is the uptrend on the Weekly chart as the price is above the MA55. As we have previously mentioned, EUR/USD is in correction at the moment after a sharp upside momentum last week. There is a high probability of further growth towards 1,15000 in the next couple of weeks. The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to wait for the Yellen speech to end until taking any decision if the price comes closer to the balance line. GBPUSD GBP/USD continued its growth according to our expectations. There was no opportunity to open long trade as the price did not reach 1,31500. We expect the upside dynamics to end today as the correction pattern was formed on the chart in the morning. We advise to avoid trading GBP/USD today before the Yellen speech as any movement is possible. There is the downtrend on the Weekly chart as the price is below the MA55. We expect GBP/USD to go down to 1,30000 this week. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to wait until the end of Yellen speech to take any decision. It is better to open trades if price moves closer to the balance line. AUDUSD AUD/USD is still trading close to the key area at 0,75850/76000. The currency pair waits for the Fed Head’s Yellen speech which is to take place today in the evening. Market participants will pay attention to the event hoping for some new hints on the probability of monetary policy changes in the nearest future. There is the uptrend on the Weekly chart as the price is above the MA55. Second Doji on the Weekly chart indicated on a struggle close to the resistance level. The price is unable to cross the level and may reverse downside. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to wait for the Fed Head’s speech which is to be held today. If there is any movement after the event, you may take trading decisions close to the balance line. USDCHF USD/CHF continued to grow. We advised to hold long trades and it was a good decision. Long positions were opened at 0,97000/97100. Price reached 0,97800 and even went higher yesterday. You could fix some profit. If you still have long trades, we advise to close them as today’s event may lead USD/CHF in any direction. There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF closed above the trendline and the currency pair may continue to grow. There is the uptrend on the Hourly chart as the MA-channel looks upwards. The price is above the MA55. We advise to wait until the Fed Head’s speech ends in order to take any decision. You may try then to open trades from the balance line. Gold/Silver Technical Outlook August 25, 2016 GOLD (XAUUSD) Gold declined on the fears of market participants of the upcoming speech of the Fed’s Head. Investors fixed partially their positions on the eve of the event protecting themselves from the unpredictable fluctuations. Anything may happen during this speech. This will depend on what Janet Yellen is going to say about Fed’s future monetary policy changes. There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed. This fact may lead to further decline as the price is unable to cross the important level. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to wait until Fed’s Head speech ends before taking any decision. There is a probability of high volatility. It is better to enter trades close to the balance line. SILVER (XAGUSD) XAG/USD broke through the lower side of the range on fears. Investors are afraid of the upcoming event and all trades were fixed. There is the uptrend on the Weekly as the price is above the MA55. XAG/USD went down to the lower side of the19,30-20,40 range and crossed it finally today in the morning. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to wait until the end of today’s event in order to take any further decision. You may open trades if the price goes closer to the balance line. Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 26, 2016 Author Share Posted August 26, 2016 (edited) Technical Outlook August 26, 2016 EURUSD Yesterday’s EU and US data had almost no impact on EUR/USD. German Ifo Business Climate was worse than expected as the final figure declined to 106,2. As for US Durable Goods Orders, this macroeconomic indicator increased to 1,5% from 0,4% last time. However, market participants wait for Yellen’s speech that is to take place today (we expected it yesterday). It means that there is a possibility of high volatility during the event. We give no recommendations as it is necessary to open trades right after the event. The uptrend is in progress on the Weekly chart as the price is above the MA55. We have seen a correction this week after a sharp momentum. However, the probability of reaching 1,15000 in the next couple of weeks is still too high. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We recommend waiting for Yellen’s speech before taking any decision. If it results in a tendency, we advise to open trades as close to the balance line as possible. GBPUSD GBP/USD formed a downside correction according to our expectations. Yesterday’s pattern did its job. We expect any fluctuations during today’s Yellen speech. In addition, we advise to pay attention to UK Second Estimate GDP and US Prelim GDP for second quarter. Bloomberg experts forecast that UK data will remain unchanged. US Prelim GDP data may show minor decline to 1,1% from 1,2% previous estimate. There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair may decline below 1,30000 this week if Yellen’s speech impresses investors. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to wait until the end of Yellen’s speech to take decision. In case of any movement, we recommend opening trades from the balance line (or close to the area). AUDUSD AUD/USD continued to fluctuate close to the key area at 0,75850/76000. Investors wait for the Yellen’s speech for further actions. The market participants will pay attention to what the Fed Head’s is about to say expecting for new hints on the probability of Interest Rates rise this year. There is the uptrend on the Weekly chart as the price is above the MA55. Second Doji on the Weekly chart confirms a struggle close to the resistance level. The price is unable to cross the resistance and may change the direction to downwards. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We recommend waiting until the end of the Fed Head’s speech to take any decisions. If there is any movement, open trades close to the balance line. USDCHF USD/CHF has done another upside momentum. Yesterday’s high were renewed for a couple of pips. The decision to fix positions was taken in the right time. The growth is slowing down telling us that the tendency is running out. The currency pair may decline according to the technical analysis. However, today we advise to pay attention to fundamental factors (Janet Yellen’s speech). There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF closed above the trendline and may continue its growth. There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to wait until the end of Yellen’s speech to take further decisions. If there is any movement, try to open trades close to the balance line. Gold/Silver Technical Outlook August 26, 2016 GOLD (XAUUSD) XAU/USD declined a little on Thursday waiting for the Fed Head’s speech. However, Yellen had no speech on yesterday. We advise to pay attention to this event today. If there is any hint on the probability of Interest Rates growth this year, USD may get some additional support. According to futures, this probability grew to 57%. There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed. This may lead to further price decline. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We recommend waiting until the end of Yellen’s speech to take any decision. If there is any movement, open trades as close to the balance line area as possible. SILVER (XAGUSD) XAG/USD held its positions at the same level awaiting for the Fed Head’s Yellen speech. The situation is the same and we advise to wait until the end of the event today. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD went down to the lower side of the 19,30-20,40 range and broke it through. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to wait until the end of today’s event and try to open trades as close to the balance line area as possible. Edited August 31, 2016 by Adamant Finance edit Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 1, 2016 Author Share Posted September 1, 2016 Technical Outlook September 1, 2016 EURUSD EUR/USD slows is fluctuations on the eve of the Friday’s US Labor Market data release. There is a range at the moment and we expect it to develop until the important publication. Investors open their positions awaiting for the results of the US non-farm employment change. US ADP non-farm data, release yesterday, confirmed forecasts and there was almost no market reaction. Today we recommend paying attention to EU and US PMIs which may have some impact on the currency pair. It is also to mention US Unemployment Claims. This data may be important on the eve of the main US Labor Market statistics, which is to be released tomorrow. The uptrend is still in progress on the Weekly chart as the price is above the MA55. There is a pattern indicating on the probability of further downside movement. The growth towards 1,15000 is questionable at the moment. The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. EUR/USD went back to the balance line yesterday and you had an opportunity to open short trades. However, the currency pair is still close to the MA55 balance line and those positions still have no profit. Place stops at 150 pips from the order. It is better to leave those positions for a while. GBPUSD GBP/USD is on upside correction at the moment as we have previously expected. There is no sense to open any trades as the movement is too weak. Investors wait for the US Labor Market data and we expect this dynamics to continue for the whole day. We advise to pay attention to today’s UK manufacturing PMI. However, it may have no impact on the eve of more important US Labor Market data, which is to be released on Friday. There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000. However, it is probable that this scenario comes true in the nearest future. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading at the moment and wait until the correction is done. AUDUSD AUD/USD stopped its decline and was trading in a tight range during yesterday’s sessions. The currency pair tries to change its direction today. Those changes may result in a correction. We recommend staying of the market today and observe fluctuations. There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair went down according to our expectations targeting 0,7150 which is still too far from the current price. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55. We advise to wait until the end of the correction to take any trading decisions. USDCHF The currency pair slows down its growth which is clearly seen at the MA-channel and yesterday’s high which was just a couple of pips higher than the previous one. We expect USD/CHF to trade within a tight range on the eve of the important US Labor Market data, which is to be released on Friday. It is better to avoid trading at the moment. There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair has the opportunity to grow higher to 0,99500 in the nearest future. There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55.We advise to wait for the correction in order to take any decisions. Gold/Silver Technical Outlook September 1, 2016 GOLD (XAUUSD) XAU/USD break through the weekly support level at 1310,00 and there is the probability of further decline. The main reason for the downtrend to develop is the expectations that FOMC will take the decision to raise interest rates in the nearest future. The probability of interest rates growth in September is about 25%. As for December, this probability is about 55%. The expectations growth and exert pressure on XAU/USD. The price did not reach the balance line, offering no opportunities to open short trades. There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed and this fact lead to price decline. We expect this downside dynamics to continue this week. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. WE advise to open short trades from the MA55 area. Place stops above the balance line. SILVER (XAGUSD) Silver is trading within a triangle and we expect XAG/USD to break through it today. You may think it is strange to wait for some movement today on the eve of the important US Labor Market data. However, we do not expect Silver to continue fluctuations within this triangle. You may place short order at 18,58. However, this tactics is too risky as stops should be far from the order price in this case. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD goes towards the red trendline and the price may reach 17,50 in the nearest future. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. You may place a short order if you wish. Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 5, 2016 Author Share Posted September 5, 2016 Technical Outlook September 5, 2016 EURUSD EUR/USD had some growth after Friday’s US Labor Market data. However, later the price declined on the eve of long holidays. Today is a Labor Day in the USA and the banks are closed there. US Friday statistics was worse than expected as the number of new non-farm payrolls decreased to 151 000 in comparison with the previous 275 000. US unemployment rate increased to 4,9%. As for the Average Hourly Earnings m/m, this data decreased to 0,1%. Those releases decreased the level of expectations of the Interest Rate growth this year. The currency pair may resume its growth after the volume is back. There is no trend on the Weekly chart as the price is close to the MA55. The currency pair’s decline slows down and there is a probability of growth towards 1,15000 in the nearest future. There is no trend on the Hourly chart s the MA-channel is horizontal and the price is close to the MA55. We expect lower volumes today and the currency pair may be trading within a range. GBPUSD The currency pair had some growth after the release of the US Labor Market data on Friday. GBP/USD was trading in a more positive manner than EUR/USD. It is due to the fact that the currency pair gets some additional support from strong UK data. The Brexit Referendum results have almost no impact on the market at the moment. This week there is also UK manufacturing production and Services PMI. Those macroeconomic indicators will show the complete image of the current UK economics state. Today we expect some consolidation and movement towards the balance line. There is still the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as the UK data was stronger than expected. There is the probability of further growth towards 1,35000. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the balance line. We expect some consolidation today. AUDUSD AUD/USD has some difficulties to grow and the decline may happen at any moment. The reverse may be sharp and it is very risky to open long trades at the moment regardless the fact that we still have the uptrend. The only opportunity to buy is possible if the uptrend becomes stronger. However, today US banks are on holiday and there are few chances that something important may happen especially during American session. There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair went downwards according to our expectations. However, we may see dome correctional growth at the moment. The target for the downtrend is 0,71500 which is far from the current levels. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. WE advise to avoid trading today as the volumes are low. USDCHF USD/CHF ended last week on the same level almost. The US Labor Market data provoked higher volatility on the market. However, there was no clear trend and the currency pair moved both directions. There is a high probability that USD/CHF is ready to decline. Anyway, we advise to avoid trading today as the volumes are too low due to the bank holiday in the USA. There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair went upwards towards 0,99000. However, US Labor Market data broke the uptrend. We expect some decline in the nearest future. There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We expect consolidation during the day. Gold/Silver Technical Outlook September 5, 2016 GOLD (XAUUSD) XAU/USD had a clear uptrend right after the US Labor Market data on Friday. The number of new payrolls did not meet forecasts and the Average Earnings growth slowed down to the minimum percentage. Investors waited for stronger results. The expectations of the Interest Rates growth this year declined and the prices went upwards. We expect XAU/USD to continue its growth in the next couple of days. However, today there is a bank holiday in the USA and the volumes are too low. There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD declined last week and that restored almost all lost positions. We expect some moderate growth this week. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We expect some consolidation today. SILVER (XAGUSD) Silver resumed its growth because of the worse than expected US Labor Market data. The upside dynamics may continue in the nearest future. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth targeting 20,00 level. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. There is no sense to consider long trades at the moment as the price is close to the upper side of the MA-channel Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 6, 2016 Author Share Posted September 6, 2016 Technical Outlook September 6, 2016 EURUSD EUR/USD slid down and traded within a tight range today in the evening because of the US bank holiday. There is a probability of the volatility boost today as the volumes may raise. Eurozone statistics was mixed yesterday and gave no additional support to EUR/USD. Services PMI was worse than expected and retail sales rose. Today we advise to pay attention to the EU GDP data. We expect this data to have almost no impact on EUR/USD. However, US statistics may change market situation considerably. There is no trend on the Weekly chart as the price is close to the MA55. The currency pair decline slows down and there is a probability of growth towards 1,15000. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to consider short positions from the MA55 balance line with stops above the MA55. GBPUSD The currency pair renewed monthly highs due to the better than expected UK services PMI data. The latest data from the Great Britain shows that the situation in this country is stable regardless the results of the Brexit Referendum. However, yesterday’s volumes were low and there was no support to the rally during American Session. Today we advise to pay attention to the important US data. Specialists expect the US ISM Non-Manufacturing PMI to slide down to 55,4 points. However, if this data is worse than expected, GBP/USD may get additional support in the evening. There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as the latest UK statistics showed strong results. We expect the currency pair to grow towards 1,35000. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55. Yesterday’s trend line was broken through but the indicators still show the uptrend. This may lead to the uptrend to slow down. We advise to open the long trades from the MA55 area, placing stops below this curve. AUDUSD The currency pair resumed its growth today in the morning as investors expect the Reserve Bank of Australia to hold the rates at the current level. The uptrend may become stronger in this case. If there is no surprises during the RBA meetings, you may open long trades from the MA55 balance line after the correction. There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair was declining for the past three weeks according to our expectations. However, we can see some corrective growth at the moment. Further downtrend in AUD/USD may target 0,71500. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to wait until the currency pair goes back to the MA55 and to open long trades then. USDCHF The currency pair was in a tight range during yesterday’s sessions and it is in the neutral position at the moment. Today there is some important data from Swiss: CPI and GDP releases. Bloomberg experts expect the results to be better than current figures. However, we advise to pay more attention to the US data. There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair grew towards 0,99000, but the US Labor Market data stopped the rally and reverse USD/CHF downwards. We expect some decline in the next couple of days. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We expect USD/CHF to break through this range in the upwards direction. You may place a long order at 0.98200. Gold/Silver Technical Outlook September 6, 2016 GOLD (XAUUSD) XAU/USD was in a tight range yesterday due to the low trading volumes, as there was national holiday in the USA. We expect the volumes to raise today. There is some important US data which may drive precious metals in any directions. The price is close to the trendline on the Hourly chart and may break it through today, offering the opportunity to XAU/USD to continue its rally. There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD declined last week but in the dying minutes of Friday it went back and restored some positions. We expect some moderate growth this week. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may place a long order from 1329,00 with stops at 1325,00. SILVER (XAGUSD) This precious metal is smoothly growing regardless low volumes. There is a high probability of further growth. However, we recommend paying attention to the US data as it may change the situation significantly. The precious metals dynamics depends on the expectations on interest rates growth in the USA. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth and we expect it to continue targeting the trendline close to 20,00. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. There is no sense to open long trades at the moment as the price is close to the upper side of the MA-channel. Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 7, 2016 Author Share Posted September 7, 2016 Technical Outlook September 7, 2016 EURUSD Most interesting events happened during American session as we have previously noticed in our last outlook. The US Services PMI declined sharply indicating on slowing down of the growth in this sector. This index along with the other latest US data releases will influence FOMC decision at the next Fed Meetings which are to take place on September 20-21. Fed is likely to hold the Interest Rates at the current level and take some more time to observe the situation. The hopes of those who expected FOMC to change Interest rates are broken. There is no trend on the Weekly chart as the price is close to the MA55. The currency pair slows down its decline. There is a probability to resume growth targeting 1,15000. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading at the moment as the price is close to the upper side of the MA-channel. GBPUSD The currency pair continued to renew monthly highs and breaks through the trendline. The US Services PMI was worse than expected. As for the latest British data, it was better than expected establishing new records after a sharp decline in July. It is better to consider long trades in this situation. There is a rather strong trend here and the price is unable to go down to the MA55 balance line even, offering no opportunities to place orders. However, the price was close to the balance line yesterday, allowing to buy. There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as UK data was better than expected. There is a probability of further rally, targeting 1,35000. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55. You may try to open long trades today from the broken through trendline, placing stops below it. AUDUSD AUD/USD had a sharp growth on expectations that the Reserve Bank of Australia was not going to change its current monetary policy. In the second half of the day, AUD/USD resumed its growth on the worse than expected US Services PMI. There was no correction to the MA55 balance line and we expect the currency pair to continue its rally today from the broken through trendline. There is still the uptrend on the Weekly chart as the price is above the MA55. The currency pair was in a downside tendency for the last three weeks. However, we can see a correctional growth at the moment. AUD/USD still targets 0,71500 on the Weekly chart. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to wait until the currency pair goes back to the broken through trendline and then to open long trades from it. Place stops below the trendline. USDCHF The currency pair was in a tight range yesterday and declined after the US Services PMI data. There was no USD/CHF growth. We can see the downtrend at the moment. Revised Swiss GDP data was better than expected and gave some additional support to CHF. The currency pair broke through the trendline and you may open short trades from it. There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF grew towards 0,99000, but the US data was worse than expected and exerted some pressure on USD. We expect the currency pair to continue its decline this week. The downtrend is in progress on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open short trades from the broken through trendline or from the MA55 balance line. Gold/Silver Technical Outlook September 7, 2016 GOLD (XAUUSD) XAU/USD was in a rally for the whole day without a single correction. Our recommendation to place order at 1329,00 succeed. You could take some profit. The volumes are back to the market and XAU/USD resumed its growth. US Services PMI was worse than expected indicating on slowing down its growth. Those aspects give additional support to the precious metal asset. Further dynamics will depend on the ability of XAU/USD to break through the trendline on the Weekly chart. The uptrend is in progress on the Weekly chart as the price is above the MA55. There was some decline last week, but the price went back on Friday. We expect some moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading today. SILVER (XAGUSD) XAG/USD’s growth was moderate yesterday. However, later, after the US Services PMI release the asset increased its speed and touched the trendline on the Weekly chart. XAG/USD is trading in the same way as XAU/USD and its further dynamics will depend on the ability to break through the resistance. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth targeting 20,00. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading today. Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 8, 2016 Author Share Posted September 8, 2016 Technical Outlook September 8, 2016 EURUSD The currency pair restored partially towards the balance line. Today the main event is the European Central Bank Meeting which is to take place in the second part of the day. Investors expect no changes in the monetary policy. We think that the market’s reaction to the event is to be moderate. After weak US data we expect no changes during FOMC meetings which is to take place on September 20-21 2016. The situation is still unclear as both currencies are in the same situation. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There is the slowdown in the currency pair’s decline and we expect growth towards 1,15000. The uptrend is still in progress 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 area, placing stops below. GBPUSD The currency pair is in a correction after significant growth. The main reason for the decline is the UK manufacturing data which was worse than expected. However, you had an opportunity to open long trades from the broken through trendline and fix them with about 200 pips profit as the price covered a 200 pips distance within a positive area. You had also an opportunity to move stops to the breakeven area. The currency pair crossed another trendline yesterday indicating the probable end of the uptrend, although the MA-channel is still growing. There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as UK data was stronger than expected. There is the probability of the upside tendency to continue aiming 1,35000. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55. We advise to avoid trading today as there is the European Central Bank meeting in the second half of the day, which may influence GBP/USD as well. AUDUSD The currency pair renewed weekly highs and is trading within a limited range. Yesterday’s Australia GDP data q/q was worse than expected. This statistics had almost no influence on AUD/USD. There was no price correction towards the broken through trendline and there was no opportunity to open long trades. The price is approaching the MA55 balance line allowing to open long trades from it. There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair was in a downside tendency for the past three weeks according to our expectations. However, we may see some corrective growth at the moment. The target for the further decline is at 0,71500. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 balance line, placing stops below this curve. USDCHF The currency pair was in a tight range yesterday and broke through lows for a couple of pips. We expect some decline of the currency pair today if the situation is favorable. The downtrend is clearly seen on the chart according to the technical analysis. There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There was some growth towards 0,99000. However, US data was worse than expected and USD is under pressure at the moment as the interest rates raise expectations level is lower at the moment. We expect some further decline in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open short trades from the MA55 balance line placing stops above the curve. Gold/Silver Technical Outlook September 8, 2016 GOLD (XAUUSD) XAU/USD is in correction and prepares to break through 1350,00/1355,00. The MA-channel indicates on the probability of the upside tendency to continue as the price is still above the balance line. In this situation, the uptrend may resume. You may try long trades today expecting the upside tendency to continue. There is the uptrend on the Weekly chart as the price is above the MA55. There was some decline the last week, although the price went back upwards in the dying hours of Friday. We expect some moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to place long orders at the MA55 area with stops below this curve. SILVER (XAGUSD) XAG/USD is almost ready to break through the 20,00 area in the nearest future. This weekly trendline is likely to be crossed according to the current situation. The price went down to the MA55 balance line tonight and bounced off it. It is better to open trades closer to the MA55. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth and may reach the trendline at 20,00 area. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 area, placing stops below the curve. Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 9, 2016 Author Share Posted September 9, 2016 Technical Outlook September 9, 2016 EURUSD EUR/USD had and upside momentum yesterday and then reversed and had a sharp downside movement. The currency pair succeed to establish new highs as it went above 1,13000. If you placed long orders in the morning, you had an opportunity to take some profit. Today we expect the currency pair to consolidate as it is Friday and there is no important data to follow. European Central Bank decided to leave the current monetary policy unchanged. Now it is Fed’s turn to act (or do nothing, according to the situation). There is still no trend on the Weekly chart as the price as close to the MA55. We have seen some slowdown in fluctuations last week. There is a probability of growth towards 1,15000. In addition, EUR has got some support yesterday as ECB decided to do nothing with its monetary policy. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to do nothing today. GBPUSD The currency pair continued to move downside confirming the end of the uptrend. It is to notice, that opening short trades from the MA55 would be a good idea. However, when the price where close to that area, the MA-channel was still horizontal. It is a big disadvantage of the MA-channel, but it is to say, that there is no ideal trading tools. The downtrend established and you may try short trades with close targets. There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 because of the better than expected UK data. There is a probability of further growth towards 1,35000. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 or from current levels placing stops above the MA55. AUDUSD The currency pair moved upwards without approaching the MA55 balance line to allow opening long trades. It reached the MA55 balance line in the evening only, but the speed of the momentum was to high and it did not make sense to open any trade. It was clear, that after a morning upside momentum, there would be no another attempt in the evening. The currency pair changed its tendency and today we expect it to develop correction. There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair was in a downside tendency for the past three weeks, but it is in a corrective growth at the moment. The target for further downtrend is at 0,71500. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from the MA55 balance line with stops above the curve. USDCHF The currency pair established new lows according to our expectations and then it moved upwards sharply. The situations is similar to the AUD/USD’s one. The currency pair did not get the balance line before the downside momentum and offered no opportunity to open short trades. The evening growth was too sharp to sell and the price had reached already the profit area previously. Today we expect USD/CHF to develop its upside correction. There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair reached already the 0,99000 area, but the US data was worse than expected and stopped the upside tendency. We expect some decline this week. There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open long trades from the MA55 balance line with stops below the curve. Gold/Silver Technical Outlook September 9, 2016 GOLD (XAUUSD) The attempt to get closer to 1350,00 was weak and was unsuccessful. The price declined after this attempt, touched long order and then closed it by stop. The current situation is clear. Investors need important reasons to buy XAU/USD. The uptrend may continue only if further US data disappoints market participants. We advise to wait until the next week and follow the US data carefully. There is the uptrend on the Weekly chart as the price is above the MA55. Gold price declined last week but regain positions by the end of Friday. We expect some moderate growth this week. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from the MA55 balance line with stops above the curve. SILVER (XAGUSD) XAG/USD failed to approach 20,00 level and went towards the MA55 balance line yesterday. There was an opportunity to open a long trade, but your positions would be closed by stop as the price was unable to resume the uptrend. There is the downtrend at the moment and it is better to open short trades from the MA55 area. However, we advise to establish small targets as this downside move is a part of a correction. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth targeting 20,00. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from the MA55 area with stops above the curve. Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 12, 2016 Author Share Posted September 12, 2016 Technical Outlook September 12, 2016 EURUSD EUR/USD declined ion Friday despite expectations of consolidation. USD growth was provoked by the FOMC members statements. Rates hike odds during September FOMC meetings have grown to 30% from 18% on Thursday. It is to mention that this week there are also some comments from the FOMC members that may influence markets fluctuations. There is no trend on the Weekly chart as the price is close to the MA55 balance line. Attempts to grow towards 1,15000 failed for the moment as the price stopped at 1,13000. We expect EUR/USD to decline this week as fundamental factors have significant impact on markets presently. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. The risks of further decline are too high at the moment and there is an opportunity to open short trades from the MA55 balance line with stops above this curve. However, it is rather dangerous to sell as there is a high probability of upside correction. GBPUSD The currency pair established a downtrend on Friday in the morning and we gave recommendations to open short trades. You had an opportunity to sell in the morning and get some profit. Today we see that the downtrend is in progress. We advise to open short trades from the MA55 balance line. There is the downtrend on the Weekly chart as the price is below the MA55. The price is close to the previously expected 1,35000 level and reversed at the moment. We expect the currency pair to go dow towards 1,30000. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. WE advise to open short trades from the MA55 area (or from the trendline). Place stops above the MA55 balance line. AUDUSD AUD/USD’s decline had an acceleration on Friday. The currency pair failed to reach the balance line and there was no opportunity to open short trades. However, we can see that our expectations became true. AUD/USD is in a downtrend at the moment. The impact of USD on the currency pair is expected to be higher, than the influence of Australian data. The fact that the FOMC meetings take place the next week makes the currency pair vulnerable to all data and statements concerning USD. There is still the uptrend on the Weekly chart as the price is above the MA55. There is a Doji pattern close to the trendline. It is a strong signal that the reverse is probable. Furter decline target at 0,71500 is far from the current price There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading today as the price is close to the lower side of the MA-channel. It is better to wait until the market is more stable. USDCHF USD/CHF made new weekly lows according to our expectations and then it had a sharp growth. The situation is similar to AUD/USD. The currency pair did not reach the balance line before decline and offered no opportunity to open short trade. The further growth on Friday’s evening was too sharp to sell and the price made a long way before. Today we expect the growth to continue. There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There was a decline last week as we expected. There is a probability of some moderate growth in the next five days. There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to open long trades from the MA55 balance line with stops below the curve. Gold/Silver Technical Outlook September 12, 2016 GOLD (XAUUSD) XAU/USD resumed its decline on Friday. However, there was no opportunity to open short trade as the price did not approach to the MA55 balance line. The precious metal asset was under pressure on Friday because of the FOMC members statements. Those comments raised rates hike odds. It is to say, that those statements are nothing mare than just words. However, they influence investors and we advise to pay attention to them. There is a probability of further decline in the next five days. There is the uptrend on the Weekly chart as the price is above the MA55. There was a moderate growth last week, although the trendline was not broken through. The price bounced off the trendline and reversed in the downside direction. We expect the negative dynamics to continue this week. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. WE advise to wait until the price is back to the MA55 balance line in order to take any trading decision. SILVER (XAGUSD) XAG/USD accelerated its decline on Friday and did not approach the MA55 balance line. There was no opportunity to open short trades. We have missed a considerable decline and here lies the negative aspect of this strategy. However, it is too risky to open trades far from the MA55 balance line and we have to wait for other opportunities. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD reached the trendline at 20,00 and then reversed. We expect the asset to decline in the next five days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. WE advise to avoid trading as the price is close to the lower side of the MA-channel. Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 13, 2016 Author Share Posted September 13, 2016 Technical Outlook September 13, 2016 EURUSD The currency pair is still influenced by the FOMC members comets on the probability of interest rates raise in US. Lael Brainard made a statement yesterday that there are almost no grounds to raise rates as the situation on the US Labor Market had almost no impact on inflation as previously assumed. It is to say that those words was disappointing for those investors who wanted Brainard to change her mind. FOMC member’s comments declined the interest rates hike odds to 15%. However, you had an opportunity to open short trade yesterday and you could get some 400 pips profit. USD may be under pressure this week. There is no trend on the Weekly chart as the price is close to the MA55. The attempts to grow stopped at 1,13000 and the currency pair failed to reach 1,15000. We expect EUR/USD to decline in the next couple of days. However, it is better to wait markets reaction on yesterday’s FOMC member comments. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading and observe fluctuations. GBPUSD The currency pair failed to grow towards the MA55 balance line and reversed downwards reaching daily low. There was no opportunity to open short trades. However, there was another break of the tendency and the price broke through the trendline on the Hourly chart. Yesterday’s FOMC member comments may exert pressure on USD, allowing GBP/USD to grow further. We advise to pay particular attention to the CPI y/y data which is to be released today. There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair almost reached 1,35000 target and reversed downwards. There is a high probability that GBP/USD is going towards 1,30000 at the moment. The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 balance line area with stops below this curve. AUDUSD The currency pair rose to the balance line and there is an opportunity to open short trades at the moment. However, AUD/USD may continue its upside tendency as the other allied currency do after the FOMC member comments. You may try short trades today. However, the risks are still too high. There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a Doji on the Weekly chart close to the trend line. It is a strong signal that the tendency may change. You may try short trades from here targeting 0,71500. However, this aim is still too far from the current price. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from the MA55 balance line area with stops above this curve. USDCHF The currency pair offered some good opportunities to open long trades in the beginning of European session. However, there was almost no further growth because of the FOMC member comments. The price entered profit area and you could take about 200 pips or protect your trades. Today we expect the tendency to change and it is better to avoid trading during the day. There is still no trend on the Weekly chart as the price is fluctuating around the MA55. The price declined last week as we expected. There is a probability of growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to open short trades from the MA55 area with stops below the curve. Gold/Silver Technical Outlook September 13, 2016 GOLD (XAUUSD) XAU/USD went back to the MA55 balance line and there is a high probability of the tendency reverse. Those changes were influenced by the FOMC member Brainard comments. She thinks that it is too early to raise rates as the grounds to tighten the monetary policy are too weak. Interest rates futures declined to 15% from 30%. Those comments may exert pressure on USD and there is a probability that XAU/USD will reverse upwards. There is the uptend on the Weekly chart as the price is above the MA55. We have seen some moderate growth last week. However, the trend line held bulls attacks. Those attempts resulted in reverse and XAU/USD went downwards. The negative dynamics may continue 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. You may try short trades from the MA55. However, the risks are still too high. SILVER (XAGUSD) XAG/USD went back to the MA55 balance line and there was a good opportunity to open short trades. The trend looks downwards and you may try to open short trades. However, there are risks that the current tendency may reverse in the nearest future. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD reached the trend line at 20,00 and reversed. We expect the negative dynamics to continue this week. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. You may try short trades from the MA55 balance line. However, the risks are too high. Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 14, 2016 Author Share Posted September 14, 2016 Technical Outlook September 14, 2016 EURUSD The currency pair was in a range with a low volatility yesterday despite the fact that the other assets were trading with higher dynamics. The German ZEW Economic Sentiment report was disappointing as the final result had no changes in comparison with the previous one. However, Bloomberg experts expected it to rise to 2,8 points. It is to mention that British data was also worse than expected allowing USD to gain momentum. If today’s Eurozone data is also disappointing, there is a probability of change in trend. There is no trend on the Weekly chart as the price is close to the MA55. The currency pair tried to grow towards 1,15000 and stopped at 1,13000. There is a probability of decline this week according to technical analysis. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading and observe fluctuations today. GBPUSD The currency pair resumed its downside tendency after the weak UK CPI y/y data. Experts expected it to rise to 0,7%. However, final result was 0,6% that is equal to the previous CPI data. However, there was an opportunity to open long trades before the sharp decline as there was some short growth from the MA55 balance line. You had an opportunity to earn a little. Today we advise to pay attention to the UK Labor Market data as it may influence fluctuations considerably. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair almost reached 1,35000 level and then reversed downwards. There is a probability of further decline in the next couple of days according to the technical analysis. The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. It is better to avoid trading today as the price is far from the balance line. AUDUSD There was an opportunity to open short trades from the MA55 balance line. Eventual profit would be great. The currency pair is in an active stage of the trend at the moment. However, we expect it to end very soon. Then, there is a probability of sharp correction. Today’s Australian data was worse than expected and we expect the currency pair to continue its negative dynamics. There is the uptrend on the Weekly chart as the price is still above the MA55. The currency pair ended the last week with a Doji close to the trendline. It is a good signal for AUD/USD to change dynamics and you may try to find enter points this week. Further downtrend may target 0,71500 level which is still far from the current price. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. It is better to wait until the price is back to the balance line to open trades. USDCHF The currency pair resumed its upside tendency and the long trades from the MA55 balance line were successful. The price entered the profit zone and you could earn about 400 pips. However, the uptrend is still unclear and we gave no recommendations. Today we expect this trend to slow down. There is no trend on the Weekly chart as the price is fluctuating around the MA55. There was a decline last week that we had expected previously. There is a probability of some growth in during the current week. There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We advise to avoid trading at the moment. Gold/Silver Technical Outlook September 14, 2016 GOLD (XAUUSD) We gave recommendation to open short trades yesterday. And those orders could bring you some profit as the price was in a profit area. Today we expect the decline to slow down as the precious metal asset established a new low. However, this new low is close to the previous one and this may be a clear sign of a trend slow down. There is the uptrend on the Weekly chart as the price is above the MA55. There was a moderate growth last week but the trend line was not broken through. The price bounced off the line and moved downwards. We expect this asset to continue its negative dynamics in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. It is better to avoid trading today. SILVER (XAGUSD) There was an opportunity to sell XAG/USD from the balance line according to our recommendations. The price reached the profit area and you had a chance to earn. However, at the moment we can see some trend slowdown which is clear as there was no new lows established since Monday. We expect a correction to take place. There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD reached the trendline at 20,00 and then reversed downwards. There is a probability of further downside dynamics this week. The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. It is better to avoid trading today. Link to comment Share on other sites More sharing options...
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