Jump to content

Daily Analysis by AdamantFinance.com

Rate this topic


Recommended Posts

Technical Outlook November 11, 2016


EURUSD

11_11_2016_eur.jpg

 

The currency pair failed to reach the balance line and we think that fluctuations are going to stabilise next week only. We can still see the consequences of the US Presidential elections on the charts. Those consequences make trading too risky at the moment. However, there is an opportunity to make a short pause in trading. We advise to pay attention to University of Michigan Prelim Consumer Sentiment data which is to be released today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair almost reached its target at 1,11500 last week. EUR/USD was trading according to fundamental factors this week. Those factors still influence fluctuations.

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 for the price to get back towards the balance line before taking any decisions.     

 

GBPUSD

11_11_2016_gbp.jpg

 

The currency pair had a significant growth yesterday after a period of hesitations. However, it is too risky to open trades at the moment as the price is close to the upper side of the MA-channel. Yesterday’s upside tendency was truly strong. There is no important data from Great Britain today. However, we advise to pay attention to the University of Michigan Prelim Consumer Sentiment data.

There is the downtrend on the Weekly chart as the price is below the Moving Average 55. The currency pair’s growth last week was provoked by news factors. This week everything depends on the results of the US Presidential Campaign and market’s reaction on them. 

The uptrend is progressing on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to monitor charts and avoid trading at the moment as the situation is unclear.    

AUDUSD

11_11_2016_aud.jpg

 

The currency pair jumped to the broken through trend line and continued its decline. If you had a short trades it should be closed automatically as stop losses triggered. We though that the price would not be able to jump as high as it did and we expected the currency pair to reverse from the MA55 balance line. However, we predicted the right direction. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The situation is still unclear and we advise to monitor charts. We think that AUD/USD still has a chance to go towards 0,71800.

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

USDCHF

11_11_2016_chf.jpg

 

The currency pair continued to grow. However, it failed to reach the broken through trend line offering no opportunities to open long trades. We have predicted the right direction but you had no chance to buy. The currency pair is still far from the Moving Average 55 balance line and we give no recommendations. Today is Friday and it is not the best time to start trading.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued to decline last week according to our expectations. It is still hard to predict the direction of further fluctuations this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decisions at the moment as the situation is still unclear.


Gold and Silver Technical Outlook November 11, 2016


GOLD (XAUUSD)

11_11_2016_gold.jpg

Gold is going downwards establishing a downside tendency despite the fact that Silver is growing. There was a breakthrough of the trendline on the Hourly chart and there is an opportunity to open short trades from this line despite the fact that the price is close to the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction reached 1306,00 level last week. There was some growth of volatility this week during the US Presidential elections. However, the situation stabilises at the moment.

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

SILVER (XAGUSD)

11_11_2016_silver.jpg

There was an opportunity to open Long trades. However, Silver growth was limited and if you had a position, you could fix some short losses. There are signs of reverse and we advise to wait until the situation is clear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction last week according to our expectations. It is still hard to say what direction silver is going to choose in the nearest future.

The uptrend is still progressing on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We give no recommendations today. 


 
   


 

Link to comment
Share on other sites

Technical Outlook November 14, 2016


EURUSD

14_11_2016_eur.jpg

 

It was a very hard week for markets and it is finally done. There was some sharp moves but in the end of the week the currency pair took its downside direction. We have seen high volatility one day only. USD accelerated too fast and we expect the currency pair to correct in the nearest future. USD growth is influenced by Trump’s promises to increase spending and cut taxes. Those measures should stimulate economic growth. The currency pair is in unsuitable area to open trades at the moment. Today there is no important data to pay attention to. However, we advise to listen to Mario Draghi speech, which is to take place in the afternoon.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had made its choice and is going to decline in the nearest weeks. We expect EUR/USD to correct upwards this week. Then, we think that the currency pair is going to continue its downside tendency.

 There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We expect the price to get back to the balance line in order to open trades.     

 

GBPUSD

14_11_2016_gbp.jpg

 

The currency pair continued its growth on Friday and declined towards the balance line today in the morning. This growth of GBP/USD is due to the latest “BREXIT” news. British Parliament is ready to vote for another “BREXIT” referendum. It means that the current results of the previous one may be cancelled. There was no opportunity to open long trades from the MA55 balance line. However, the price has a chance to move closer to the MA55 balance line again. We hope that there will be another opportunity to open long trades today.

The downtrend is still in progress on the Weekly chart as the price is below the MA55 balance line. There was several reasons for the currency pair to grow last week. We expect GBP/USD to continue its growth towards 1,28000 this week. When the price reaches this mark, we expect it to reverse downwards.

The uptrend is 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 balance line area. Place stop losses below the curve.    

AUDUSD

14_11_2016_aud.jpg

 

The currency pair jumped to the MA55 balance line on Friday. However, it was not close to the curve to open trades. If you had an opportunity to sell the price went to the profit area for 1000 pips. We advise to wait until the price is back towards the balance line in order to take any further decisions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards and we had to adjust the trendline. AUD/USD is likely to reach 0,71800 in the nearest future.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment. 

USDCHF

14_11_2016_chf.jpg

 

The currency pair returned to the MA55 balance line offering opportunities to open long trades. We gave no recommendations on Friday as risks were too high. USD/CHF shows intentions to grow. We expect the price to return to the MA55 balance line again and there will be an opportunity to buy.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair established a downside direction after US Presidential elections. We expect the currency pair to grow further this week.

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


Gold and Silver Technical Outlook November 14, 2016


GOLD (XAUUSD)

14_11_2016_gold.jpg

There was an opportunity to open trades from the broken through trendline area on the Hourly chart. You could have 44$ as profit. The price is below the MA-channel at the moment and we give no recommendations in this situation as risks are too high.

There is no trend on the Weekly chart as the price is clos to the MA55 balance line. XAU/USD established downtrend last week. We expect Gold to have a correction towards 1250-1265,00 and then to resume its downside tendency.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment as the situation is still unclear.    

SILVER (XAGUSD)

14_11_2016_silver.jpg

Silver went downwards as we expected. We advise to avoid trading today as the price is outside the MA-channel. The red trendline was broken through and Silver is trading in a downtrend at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The tendency was changed as the red trendline was broken through. We think that XAG/USD is going to correct this week and then it is going to resume its downside tendency. 

There is the downtrend on the Hourly chart as the price is below the MA55 balance line. We advise to avoid trading today. 


 
   


 

Link to comment
Share on other sites

Technical Outlook November 15, 2016


EURUSD

15_11_2016_eur.jpg

 

USD continued to grow on Monday. It seems that the currency pair is going to strengthen its positions in the beginning of the week. However, we think that the correction is possible in the second half of this week. Interest Rates Hike odds increases again and reached 86%. The currency pair resides at the unsuitable area to take decisions. We give no recommendations. We think that this week may be corrective. Mario Draghi said nothing that could increase volatility yesterday.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair is going to fluctuate in this direction during the next couple of weeks. We expect EUR/USD to correct upwards and then to resume its decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. WE advise to wait until the price is back to the MA55 balance line in order to take any decisions.     

 

GBPUSD

15_11_2016_gbp.jpg

 

The currency pair reached the MA55 balance line again and crossed it. There is a change in tendency. It is better to search for short trades only from now. The price is going to stay close to the trendline for a while today but the tendency has changed already and we think that the trendline is going to be crossed. Today we advise to pay attention to UK CPI data as well as to US Retail Sales statistics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair growth last week was influenced by several aspects. We expect GBP/USD to grow towards 1,28000 this week and then to reverse and to resume the decline.

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

AUDUSD

15_11_2016_aud.jpg

 

The currency pair returned to the MA55 balance line but there are some signs of the upside correction. However, there is still a downside bias and we advise to open short trades only. If the currency pair goes above 0,75800, the upside correction will take place. This is the main reason why we advise to place stop losses above this level.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside bias and we had to adjust the trendline. There is a probability that the currency pair is going to reach 0,71800.

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. We advise to open short trades from the MA55 balance line area. Place stop losses above 0,75850. 

USDCHF

15_11_2016_chf.jpg

The currency pair offered no opportunity to open long trades from the MA55 balance line. We expect a correction to start today and in this case there will be an opportunity to buy the currency pair with low risks. Long trades should be opened from the trendline on the Hourly chart. Targets should be close to 1,0000 level. Stop losses should be about 100 pips.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There is a clear bias on the chart and we expect the currency pair to continue its growth towards 1,00000.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to open long trades from the trendline on the Hourly chart. Place stop losses below this line.


Gold and Silver Technical Outlook November 15, 2016


GOLD (XAUUSD)

15_11_2016_gold.jpg

XAU/USD failed to resume its downside tendency yesterday. We think that it is time for Gold to correct. This correction may target 1,1250,00. However, there is another way for the upcoming correction to develop. It may return back to the MA55 balance line and finish there. The price established new highs today in the morning and we are going to give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. This trend was established last week and we expect it to develop for the next couple of weeks. There is a probability of a correction targeting 1250-60,00. Then, we think that the downtrend is going to continue.

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

SILVER (XAGUSD)

15_11_2016_silver.jpg

XAG/USD continued to decline after the breakthrough of the red trendline. However, we think that Silver is going to make a pause and start its correction. We advise to avoid trading today as the price is below the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The red trendline was broken through and we may see the tendency to be changed in the nearest future. We expect XAG/USD to correct this week and then to resume its decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions at the moment as the situation is still unclear. 


 
   


 

Link to comment
Share on other sites

Technical Outlook November 16, 2016


EURUSD

16_11_2016_eur.jpg

 

The currency pair returned to the MA55 balance line yesterday and then jumped off this Moving Average. We gave no recommendations as we are waiting for a correction. Yesterdays pattern shows signs of a probable upside correction. The price jumped off the balance line today in the morning. However, we think that this downside move is going to be short. You may place a buy order along the trendline and adjust it according to the situation. In case if the price breaks through the trendline, there is a probability that the tendency will be broken through.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair established a downside tendency and we think EUR/USD is going to develop this trend in the nearest future. We think that the currency pair is going to correct this week after some short decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open long trades if the price breaks through the trendline on the Hourly chart. Place stop loss below the trendline at 150-200 pips from the current price.     

 

GBPUSD

16_11_2016_gbp.jpg

 

The currency pair moved according to our expectations. The price went upwards to the MA55 balance line at night and there was an opportunity to open short trades according to our expectations. This short position could bring you about 600 pips. The currency pair is at a rather good position for short trades again.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. Several aspects provoked the currency pair growth last week. We expect GBP/USD to continue its growth towards 1,28000. Then there is a probability of a decline.

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

AUDUSD

16_11_2016_aud.jpg

 

The currency pair offered an opportunity to open short trades from the MA55 balance line or even higher. The price declined to a profit area for 450 pips along the day. There was an opportunity to protect your positions and to take a part of your profit. The price has no intention to further decline and we think that AUD/USD is going to reverse. The MA-channel has almost changed its direction. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside tendency last week and we had to adjust the trendline according the situation. AUD/USD is likely to decline towards 0,71800 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 balance line. We advise to open long trades from the MA55 balance line area or even lower. Place stop losses at 0,75150. 

USDCHF

16_11_2016_chf.jpg

The currency pair moved according to our expectations yesterday and established new highs. There was an opportunity to open long trades from the trendline on the Hourly chart with 100 pips stop loss and take about 400-600 pips as profit. There is a probability of a correction today and we give no recommendations.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair established an upside tendency after the US Presidential elections. We think that USD/CHF is going to grow up to 1,0000.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as there is a probability of a correction. 
   


 

Link to comment
Share on other sites

Gold and Silver Technical Outlook November 16, 2016


GOLD (XAUUSD)

16_11_2016_gold.jpg

XAU/USD establishes new highs indicating on an upside correction. There are another signs of this correction such as:

• The MA-channel changes its direction

• The price is above the MA55 balance line

It is better to open long trades in this situation targeting 1250,00. However, this point will not be reached today. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD established a new tendency last week. We expect Gold to grow towards 1250-65,00 this week and then the asset is likely to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open long trades from the trendline on the Hourly chart or from the MA55 balance line. Place stop losses below those indicators.    

SILVER (XAGUSD)

16_11_2016_silver.jpg

Silver returned back to the MA-channel and we advise to search for long trades today. There is a reverse and we expect a correction. You may try to earn on it. We expect this correction to develop until 17,90-18,00.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The red trendline was broken through and the tendency may be changed in the nearest future. We expect XAG/USD to be in a correction this week and then to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. 


 

Link to comment
Share on other sites

Technical Outlook November 17, 2016


EUR/USD

17_11_2016_eur(1).jpg

 

The currency pair continued to decline offering no opportunity to open long trades according to our recommendations. The price failed to reach the trendline on the Hourly chart (we advised to place long trade order along this line). There was no change in tendency and we advise to search for short positions. The situation is unclear and we recommend looking for short trades from the MA55 balance line. However, in this case if the price reaches the MA55, the trend line will be broken through and the trend is going to change. We advise to avoid trading at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair established a tendency and will follow it in the nearest weeks. We expect the currency pair to make a correction this week after some short decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions at the moment as the situation is unclear.      

 

GBP/USD

17_11_2016_gbp.jpg

 

The currency pair offered an opportunity to open short trades if your stop loss was not close to the price. GBP/USD was in a profit area for 700 pips. The currency pair has a rather high volatility and you have to place stop losses at 250-300 pips from the price. We advise to look for short trades today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair growth last week was influenced by several reasons last week. We expect the currency pair to grow towards 1,28000 this week. Then, there is a probability of a decline.

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

AUD/USD

17_11_2016_aud.jpg

 

The currency pair continues its decline punishing all those who have opened short trades yesterday. Stop losses triggered as we have sold AUD/USD before without any tendency on the chart. The currency pair established new weekly lows. The downtrend is progressing. We advise to try short trades from the MA55 balance line.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside tendency last week and we had to adjust the trendline. However, we still believe that AUD/USD is able to reach 0,71800 in the nearest future.

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

USD/CHF

17_11_2016_chf.jpg

The currency pair reached new highs yesterday. USD/CHF crossed the trendline on the Hourly chart today in the morning. The uptrend becomes weaker. However, we still have the upside tendency and we advise to open long trades from the MA55 balance line only. If the price crosses the MA55 we will have another sign of a tendency to change. We recommend fixing positions in this case.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. USD/CHF established an upside tendency after the US Presidential elections. We expect the currency pair to grow towards 1,0000.

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


Gold and Silver Technical Outlook November 17, 2016


GOLD (XAU/USD)

17_11_2016_gold(1).jpg

Gold continued its correction with no bias. There was an opportunity to open long trades according to our recommendations. However, those long positions were almost unprofitable. You could place stop losses at breakeven area. We advise to avoid trading as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD established a tendency last week. We expect Gold to correct towards 1250-60,00 and then to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decisions at the moment.    

SILVER (XAG/USD)

17_11_2016_silver.jpg

There was an opportunity to enter the market. This trade resulted in a small stop loss. However, we still expect XAG/USD to correct towards 17,90-18,00.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a probability of a change in the current tendency in the nearest future. We expect XAU/USD to make a correction and then to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA5 5balance line. We advise to avoid trading today as the situations Is still unclear. 


 

Link to comment
Share on other sites

Technical Outlook November 17, 2016


EUR/USD

17_11_2016_eur(1).jpg

 

The currency pair continued to decline offering no opportunity to open long trades according to our recommendations. The price failed to reach the trendline on the Hourly chart (we advised to place long trade order along this line). There was no change in tendency and we advise to search for short positions. The situation is unclear and we recommend looking for short trades from the MA55 balance line. However, in this case if the price reaches the MA55, the trend line will be broken through and the trend is going to change. We advise to avoid trading at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair established a tendency and will follow it in the nearest weeks. We expect the currency pair to make a correction this week after some short decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions at the moment as the situation is unclear.      

 

GBP/USD

17_11_2016_gbp.jpg

 

The currency pair offered an opportunity to open short trades if your stop loss was not close to the price. GBP/USD was in a profit area for 700 pips. The currency pair has a rather high volatility and you have to place stop losses at 250-300 pips from the price. We advise to look for short trades today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair growth last week was influenced by several reasons last week. We expect the currency pair to grow towards 1,28000 this week. Then, there is a probability of a decline.

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

AUD/USD

17_11_2016_aud.jpg

 

The currency pair continues its decline punishing all those who have opened short trades yesterday. Stop losses triggered as we have sold AUD/USD before without any tendency on the chart. The currency pair established new weekly lows. The downtrend is progressing. We advise to try short trades from the MA55 balance line.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside tendency last week and we had to adjust the trendline. However, we still believe that AUD/USD is able to reach 0,71800 in the nearest future.

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

USD/CHF

17_11_2016_chf.jpg

The currency pair reached new highs yesterday. USD/CHF crossed the trendline on the Hourly chart today in the morning. The uptrend becomes weaker. However, we still have the upside tendency and we advise to open long trades from the MA55 balance line only. If the price crosses the MA55 we will have another sign of a tendency to change. We recommend fixing positions in this case.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. USD/CHF established an upside tendency after the US Presidential elections. We expect the currency pair to grow towards 1,0000.

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


Gold and Silver Technical Outlook November 17, 2016


GOLD (XAU/USD)

17_11_2016_gold(1).jpg

Gold continued its correction with no bias. There was an opportunity to open long trades according to our recommendations. However, those long positions were almost unprofitable. You could place stop losses at breakeven area. We advise to avoid trading as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD established a tendency last week. We expect Gold to correct towards 1250-60,00 and then to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decisions at the moment.    

SILVER (XAG/USD)

17_11_2016_silver.jpg

There was an opportunity to enter the market. This trade resulted in a small stop loss. However, we still expect XAG/USD to correct towards 17,90-18,00.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a probability of a change in the current tendency in the nearest future. We expect XAU/USD to make a correction and then to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA5 5balance line. We advise to avoid trading today as the situations Is still unclear. 


 

Link to comment
Share on other sites

Technical Outlook November 18, 2016


EUR/USD

18_11_2016_eur.jpg

 

The currency pair continued to decline after some flat fluctuations within a wide range. US Consumer Spending inflation was better than expected as this indicator increased to 0,4% - the highest growth for the past couple of years. Interest Rates hike odds increased up to 91%. USD continued its uptrend during American session. We advise to avoid trading at the moment as the price is close to the lower side of the MA-channel. 3 FOMC members are going to speak today – George, Bullard and Dudley. All those FOMC members are “Hawks” and two of them voted for the interest Rates hike on September and November. 

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair established a downside tendency last week and we think it I going to follow this tendency in the nearest future. We expect EUR/USD to be in a correction this week and then to resume its decline.

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

 

GBP/USD

18_11_2016_gbp.jpg

 

The currency pair jumped upside. If you had an opportunity to open short trades, your positions were fixed by stop losses. US inflation statistics changed everything and USD gained momentum. The currency pair established a downside tendency which is likely to accelerate today. It is to notice that MPC member Broadbent is going to give his comments today. We advise to look for short trades from the Moving Average with period 13.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. Few factors influenced last week’s GBP/USD growth. We expect the currency pair to grow towards 1,28000 this week and then we think the currency pair is going to decline.

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

AUD/USD

18_11_2016_aud.jpg

 

The currency pair failed to reach the MA55 balance line and there was no opportunity to open short trades. The downtrend is in progress. However, there is almost no opportunity to open trades as the price is close to the lower side of the MA-channel. 

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside tendency and we had to adjust the trendline. The currency pair is likely to decline towards 0,71800 in the nearest future.

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

USD/CHF

18_11_2016_chf.jpg

The currency pair offered an opportunity top open long trades from the MA55 balance line and you could earn about 650 pips and about 1000 pips including today’s growth. There is no opportunity to open trades at the moment as the price is far from the MA55.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair established a tendency after the US Presidential elections. We still believe the currency pair is able to break through 1,0000.

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


Gold and Silver Technical Outlook November 18, 2016


GOLD (XAU/USD)

18_11_2016_gold.jpg

XAU/USD failed to correct to 1250-60,00 and continued to decline. Yesterday’s US inflation data was better than expected and Interest Rates hike odds increased to 91%. Yesterday’s decision to avoid sells was right. The price is close to the lower side of the MA-channel and it is risky to enter the market.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD established a tendency last week. We still expect it to correct towards 1250-60,00 and then to resume its decline. 

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

SILVER (XAG/USD)

18_11_2016_silver.jpg

Silver failed to correct towards 17,90-18,00 and resumed its downside tendency. There was no opportunity to open long trades. Today it is too risky to trade as the price is close to the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The trendline was broken through and we think XAG/USD is going to change its tendency in the nearest future. We expect Silver to correct upwards and then to resume its decline.

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

 
   


 

Link to comment
Share on other sites

Technical Outlook November 21, 2016


EUR/USD

21_11_2016_eur.jpg

 

The currency pair established new weekly lows last week. Interest Rates hike odds offer some room for USD to continue its uptrend. We think that current USD growth was abundant and we expect USD to decline considerably in the nearest future when investors are going to understand that USD is overbought. This week well be divided in to two parts as there is a holiday in US on Thursday. It is to mention that there is not much data to pay attention to and we expect EUR/USD to be trading with low volatility. We expect the currency pair to move back towards the MA55 balance line today. 

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair had a downside tendency according to our expectations last week and may continue to decline in the nearest future.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment       

 

GBP/USD

21_11_2016_gbp(1).jpg

 

The currency pair continued its downside tendency. However, GBP/USD reversed from the MA55 balance line and not from the MA13 as we had expected it before. There was an opportunity to open trades from the MA55 but we gave no recommendations. The currency pair has an ability to continue its decline this week and we recommend searching for short trades only. There is no important data today and we think the currency pair is going to correct towards the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was unable to grow towards 1,28000. GBP/USD slides down step-by-step and its decline accelerated by the end of the last week.

The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment.     

AUD/USD

21_11_2016_aud.jpg

 

The currency pair continues to decline. AUD/USD is unable to reach the MA55 balance line to offer short trades opportunities. We will try to sell from the MA13 if the decline is going to be as sharp as it is at the moment. However, we advise to avoid trading today as there is no important data to pay attention to and there is a probability of a corrective dynamics.

The uptrend is still in progress on the Weekly chart as the price is above the MA55 balance line. The currency pair is trying to reach 0,71800.

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 wait for better opportunities to open trades.  

USD/CHF

21_11_2016_chf.jpg

The currency pair established new highs of the week on Friday. USD/CHF broke through the trendline on the Weekly chart and there is a high probability that the currency pair is going to continue its upside tendency. There is also a probability of a correction to the MA55 balance line area. You may try to buy after this correction is done. Place stop losses at 150 pips below the Friday’s low.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair established new highs and was trading above 1,0000. There was a weak resistance in that area. The currency pair is able to continue its growth towards 1,02600.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area or from the trendline on the Hourly chart. Place stop losses at 150 pips from Friday’s lows. 


Gold and Silver Technical Outlook November 21, 2016


GOLD (XAU/USD)

21_11_2016_gold.jpg

XAU/USD was trading within a range last week as there are not many reasons for Gold to change the tendency. Last week’s main data was US CPI statistics. This week we advise to pay attention to US FOMC meting minutes. If there is nothing to take from those minutes, current week may be quiet as there is a holiday in the USA on Thursday. The broken through trendline on the Hurly chart says the trend is going to slow down.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction towards 1250-60,00 area. However, the downside tendency was limited. We think that Gold is going to slow down its downside tendency.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line targeting 1210,00. Place stop losses below the curve.     

SILVER (XAG/USD)

21_11_2016_silver.jpg

Silver decreased last week but we see that the trend slows down as the trendline on the Hourly chart was broken through. However, we do not think that the tendency is going to reverse.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. However, the red trend line was broken through. We expect XAG/USD to trade with low volatility this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions. 

   


 

Link to comment
Share on other sites

Technical Outlook November 22, 2016


EUR/USD

22_11_2016_eur.jpg

 

It seems like USD is going to do an upside correction as the currency pair went upwards yesterday. EUR/USD tries to break through the trendline on the Hourly chart and we expect this to happen in the nearest future. We advise to open long trades from the MA55 balance line area or from the MA13. However, it is better not to take quick decisions as the uptrend is still unstable. It is up to you to decide but the position is suitable for long trades. US Existing Home Sales worth your attention today. However, the most important data will be released tomorrow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair moved according to our expectations last week. We think that EUR/USD is going to decline this week as well.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area or from the MA13. Place stop losses below the MA55.       

 

GBP/USD

22_11_2016_gbp.jpg

 

The currency pair had a considerable growth yesterday. The main reason for this upside tendency are crosses as there are no other factors to impact on GBP/USD. There is a reverse in trend. However, it is impossible to open long trades as the price is close to the upper side of the MA-channel. We advise to wait until the price is back to the MA55 balance line in order to take further trading decisions. 

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth towards 1,28000. The currency pair continued its decline instead and a downside tendency had an acceleration by the end of the last week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decisions in this situation and wait for better signals.     

AUD/USD

22_11_2016_aud.jpg

 

The currency pair gained back all its Friday’s losses and we think that the upside correction is going to take place in the nearest future. You may try long trades today as the trend is going to change and the trend line was broken through on the Hourly chart. 

The uptrend is still in progress on the Weekly chart as the price is above the MA55 balance line. The currency pair still trying to reach 0,71800 level. 

There is no trend on the Hourly chart as the the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area or from the trendline. Place stop losses below the Moving Average 55.  

USD/CHF

22_11_2016_chf.jpg

The currency pair allowed to open long trades according to our recommendation and the price was in a profit area offering about 300 pips. You could take this profit partially or protect your opened trades. The trendline is broken through and there are signs of a future change in tendency. The price is below the MA55 balance line on the Hourly chart. However, the MA-channel goes upwards and we give no recommendations. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair crossed 1,00000 level last week and was trying to grow further. We expect the currency pair to continue its upside tendency towards 1,0260 this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading at the moment as the situation is unclear.


Gold and Silver Technical Outlook November 22, 2016


GOLD (XAU/USD)

22_11_2016_gold.jpg

Gold offered an opportunity top open short trades from the MA55 balance line according to our recommendations. XAU/USD reached 1210,00. We can see a clear reverse of a tendency today even despite the fact that the Interest Rates hike odds increased to 95,4%. We think that this fact was already included into the price and the market is going to follow further monetary policy decisions by the Fed in order to choose any direction. We think that the tendency is going to reverse today and there will be an opportunity to open trades tomorrow.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction towards 1250-60,00. However, the downside tendency was also short. We think that XAU/USD slows down its downside tendency.

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

SILVER (XAG/USD)

22_11_2016_silver.jpg

Silver moved above the MA55 balance line and there are signs of a change in its tendency. It is better to avoid trading at the moment as there is no clear signs of a reverse. However, as we may see, this reverse is going to happen.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. WE expect the volatility to decrease in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. We advise to take no decisions at the moment as the situation is still unclear. 


 
   


 

Link to comment
Share on other sites

Technical Outlook November 23, 2016


EUR/USD

23_11_2016_eur.jpg

 

There was an opportunity to open long trade from the MA55 balance line according to our recommendations. The currency pair was in a profit area yesterday. You could earn about 450 pips. There was an opportunity also to protect your trades. There is much US data today before the holiday. We advise to pay attention to FOMC meeting minutes, US Unemployment Claims, as well as Core Durable Goods Orders. Those figures may change the situation. However, we give no recommendations today as the price is far from the trendline and the risks are too high despite the fact that we have an upside tendency and the price is close to the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading downwards according to our expectations. We expect EUR/USD to continue its downside tendency this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as we are on the eve of the US holiday and fluctuations may be unstable.       

 

GBP/USD

23_11_2016_gbp.jpg

 

The currency pair declined yesterday as it lost support from crosses. The fluctuations are unstable today and we advise to avoid taking any decisions today. There is no opportunity to make an upside trendline as there is no pivot point for this. We think that this point could be at 1,23600 and we expect the currency pair to decline towards this level. There is no important data from the UK today expect Autumn Forecast Statement.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no currency pair growth towards 1,28000 and GBP/USD slides down

The uptrend is in progress on the Hourly chart as the Ma-channel looks upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unstable.      

AUD/USD

23_11_2016_aud.jpg

 

There was an opportunity to open long trades yesterday in the beginning of the European session from 0,73700. You could earn about 400 pips. There was an opportunity also to protect your positions. If you left your trades you may have about 500 pips as profit at the moment. We think that the price targets 0,74500.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. The currency pair is still able to reach 0,71800 in the nearest future.

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

USD/CHF

23_11_2016_chf.jpg

The currency pair established new highs and the MA-channel goes upwards. Investors still wish to reverse the trend but the situation on the Weekly chart give some support to Bulls. We think this dynamics is going to continue as the Weekly chart has a priority for this currency pair. The price will find support at 1,00700 at least. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair crossed 1,00000 and is trading higher. There is some resistance in this area. But it was weak and we think that 1,00000 level is not important. The currency pair is able to continue its growth towards 1,02600.

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


Gold and Silver Technical Outlook November 23, 2016


GOLD (XAU/USD)

23_11_2016_gold.jpg

Gold has made a pattern which is unfavorable for long trades despite the upside correction. The price declined below the MA55 balance line and the trendline is far below this Moving Average. There are risks to take significant losses. We advise to avoid trading and to search for better positions.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction towards 1250-60,00. However, a downside tendency was also short and limited. It seems like the downtrend is slowing down.

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

SILVER (XAG/USD)

23_11_2016_silver.jpg

Silver changed its tendency yesterday and made a pattern which is similar to a model that we can see on Gold chart. We think that there is an opportunity to open a long trade with low volume targeting future growth. It is better to buy in the first half of the day.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. We expect that this week is going to be less volatile. 

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. You may try long trades from 16,55-16,58 area. Place stop losses at 16,48. 

   


 

Link to comment
Share on other sites

Technical Outlook November 24, 2016


EUR/USD

24_11_2016_eur.jpg

 

Yesterday’s US Durable Goods Orders data was much more better than expected and this statistics surprised market participants. Final figures established a yearly record growth. USD gained some additional support and was able to make another upside jump as investors are sure that FOMC is going to hike Interest Rates on the next meeting which is to take place on December 2016. The price is close to the lower side of the MA-channel and the risks are high at the moment. We advise to take no decisions.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with a downside bias and we expect it to continue the previously established tendency. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid opening positions today as the situation is not suitable for trading.       

 

GBP/USD

24_11_2016_gbp.jpg

 

The currency pair established its pivot point at 1,23600. We had an opportunity to make a trendline and we think it is going to be broken through today. There is no much to go to reach the upper trendline and we think that it is a good idea to search for short trades from the MA55 balance line today.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. There was no growth towards 1,28000 and the currency pair slides down step-by-step. GBP/USD’s decline accelerated by the end of the last 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. We advise to open short trades from the MA55 balance line. Place stop losses above the upper trendline.      

AUD/USD

24_11_2016_aud.jpg

 

The currency pair failed to reach 0,74500 target. We think that it is better to leave he idea of opening long trades as the price broke through the trendline and it is fluctuating below the MA55 balance line at the moment. There was a chance to open short trades today in the morning. However, the downtrend is still unstable and we think that it is better to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair still targets 0,71800 level. 

The uptrend is still in progress on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to take no decisions today.  

USD/CHF

24_11_2016_chf.jpg

The currency pair get some support yesterday as the US Durable Goods Orders data was better than expected. However, there was no point to open trades and we had no opportunity to buy. It is better to wait until the price is back to the Ma55 balance line in order to open long trades.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair crossed 1,00000 last week and is trading above at the moment. It is to mention, that there was almost no resistance at this level. The currency pair is able to continue its growth towards 1,0260.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading at the moment.


Gold and Silver Technical Outlook November 24, 2016


GOLD (XAU/USD)

24_11_2016_gold.jpg

Gold developed its downside tendency and is trading below the MA55 balance line at the moment. The trendline was broken through and the trend has changed on the better than expected US Durable Goods Orders data. Interest Rates hike odds increased again. It is risky to open trades as the price is close to the lower side of the MA-channel.

There is no trend on the Weekly chart as the price is close to the MA5 balance line. There was no correction towards 1250-65,00. However, the price was unable to develop its downside tendency. Gold slows down its downtrend and we do not advise to sell it at the moment.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to do nothing today as the situation is unclear.     

SILVER (XAG/USD)

24_11_2016_silver.jpg

There was an opportunity top open long trades from the 16,55-16,58 area. However, stop losses triggered. The price was in a profit area but for a while. If you had an opportunity to protect your trades you could earn nothing but have no losses. It is risky to open trades today as the price is close to the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. We expect the volatility to decrease in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions at the moment as the situation is unclear. 


 
   


 

Link to comment
Share on other sites

Technical Outlook November 25, 2016


EUR/USD

25_11_2016_eur.jpg

 

The currency pair went back to the balance line offering opportunities to open safe trades. We expect some volatility growth as US players are back after yesterday’s holidays. We think that this growth of volatility is going to offer some good opportunities to take profit. There is some important US data today. However, we advise to establish close targets as it is Friday and market participants are cautious. 

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair was trading in the expected downside direction. We think that this dynamics may continue in the nearest future. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the Ma55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the trend line on the Hourly chart.       

 

GBP/USD

25_11_2016_gbp.jpg

 

The currency pair jumped off the MA5 balance line and went about 300 pips after. It was enough to protect your trades. There was an opportunity to end with trade at breakeven level. The currency pair continues its upside dynamics within a correction and the upper trendline was broken through. We expected GBP/USD to go downwards. Today there is important UK GDP Second estimate data. We advise to pay attention to it.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was unable to grow towards 1,28000 and GBP was sliding down step-by-step. However, we see a correction at the moment.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading as there is no clear trend at the moment.      

AUD/USD

25_11_2016_aud.jpg

 

The currency pair is in correction at the moment. The upper trendline was broken through and we think that the upside correction has some space to develop. However, this upside tendency is still too weak and there is a high probability of a reverse. We give no recommendations for today. 

There is the upper trend on the Weekly chart as the price is above the MA55 balance line. The currency pair still targets 0,71800 level.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to do nothing today as the situation is still unclear.  

USD/CHF

25_11_2016_chf.jpg

The currency pair went back to the balance line offering opportunities to open long trades in a very safe mode. There was a holiday yesterday and the market was in a correction . We expect the currency pair to have higher volatility today. However, we advise to establish close targets as it is Friday. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair is trading higher than 1,00000. There was low resistance at this level. The currency pair is able to resume its uptrend targeting 1,0260 this week.

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


Gold and Silver Technical Outlook November 25, 2016


GOLD (XAU/USD)

25_11_2016_gold.jpg

We thought that Gold is able to go back towards the balance line. However, XAU/USD resumed its downside tendency today in the morning. USD continues to get support from Interest Rates hike odds. However, we expect this downside XAU/USD tendency to be limited as more than 90% of market participants already believe in Interest Rates hike. Investors think about further FOMC step already. The price is still in a risky position and we advise to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction towards 1250-60,00. However, further downside tendency was also limited. We think that XAU/USD slows down its tendency and advise to be careful if you are looking for short trades.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions today as it is Friday and the situation is still unclear.     

SILVER (XAG/USD)

25_11_2016_silver.jpg

Silver is back to the balance line area and you may try to open short trades today. XAG/USD shows stable downtrend and we expect a downside momentum today. Stop loss should be 50:50 to take profit at least. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. This week is expected to be less volatile.

The downtrend is in progress 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 16,35-16,40 area. Place stop losses above the MA55 balance line. 


 
   


 

Link to comment
Share on other sites

Technical Outlook November 28, 2016


EUR/USD

28_11_2016_eur.jpg

 

There was a change in trend on Friday and we think that the price already includes the odds on the Interest Rates hike during December’s FOMC meeting. Investors are fixing USD long trades as we have previously expected. Market participants understand that USD growth is done and they have started to fix trades. The currency pair is running upwards during the Asian session. The price is trying to go beyond the upper side of the MA-channel. If you had a position from Friday, it closed with about 250 pips of losses. There was an opportunity to open long trades after the trend line was broken through. However, we gave no recommendations about it.

The downtrend is still in progress on the Weekly chart as the price is below the MA55 balance line. The last candlestick’s body was short and there is a probability of further growth. We think that this correction targets 1,08500.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open short trades from the MA55 balance line area or even higher. Place stop losses below the trend line on the Hourly timeframe.       

 

GBP/USD

28_11_2016_gbp.jpg

 

The currency pair is trying to accelerate its growth if GBP/USD continues this tendency, this correction is likely to start an uptrend. There are some important events upcoming that may influence market’s dynamics in the nearest future. We advise to pay attention to US Labor Market statistics on Friday, Italian referendum and Austrian Presidential elections, which are to take place on December. We advise to try long trades in the beginning of the week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair is able to move towards 1,28000 this week. There is a probability, that GBP/USD is able to reach this level. 

The uptrend is 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. Place stop losses below this curve.      

AUD/USD

28_11_2016_aud.jpg

 

There was no further growth after Friday’s morning upside dynamics. We gave no recommendations and this was the right decision to avoid trading. There is a strong resistance at 0,74600-75000 area. We think that there is a probability of return towards the MA55 balance line later today. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to reach 0,71800 but we still think that the currency pair is able to go downwards after some upside correction. 

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decisions today as the situations is still unclear.  

USD/CHF

28_11_2016_chf.jpg

 Stop loss triggered on Friday. You could lose about 200 pips. The trend line was broken through (the situation is similar to EUR/USD’s one). There was an opportunity to open short trades after this event. However, trading was too risky on Friday as the trend still looks upwards. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair reached 1,02000 but failed to touch the target that we have previously mentioned. We think that the currency pair is going to try to decline below the broken through trend line on the Weekly chart. In this case a downside correction may be even deeper than expected. 

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


Gold and Silver Technical Outlook November 28, 2016


GOLD (XAU/USD)

28_11_2016_gold.jpg

Our Friday’s thoughts are becoming true as the dynamics is changing. Gold has found its bottom point and is going to correct upwards. We think that there is a probability of a strong uptrend in the nearest future. However, this tendency is still unstable and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD slows down its downtrend and starts its correction according to our expectations. We expect that the upside tendency is going to accelerate. 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to do nothing today as there are no clear signals.     

SILVER (XAG/USD)

28_11_2016_silver.jpg

There was no opportunity to open short trades according to our recommendations as the tendency reversed. The uptrend is rather strong. The price is close to the upper side of the MA-channel and we give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Last week ended with a Doji and the currency pair is able to grow this week.

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

   


 

Link to comment
Share on other sites

Technical Outlook November 29, 2016


EUR/USD

29_11_2016_eur.jpg

 

The currency pair was close to the upper side of the MA-channel and there was no sense to give any recommendations. However, we left Friday’s recommendations by mistake. Market participants decided to reverse the upside correction and almost all positions gained during the Asian session were lost. We advise to pay attention today at the trendline. If it holds, we think the currency pair is able to resume its upside correction. In addition, we advise to pay attention to the US GDP data which is to be released today.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair formed a short body candlestick and we think that growth has some further potential. The currency pair is able to reach 1,08500 despite the fact that this growth is nothing more than a correction.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to open long trades from 1,05750-1,05900. Place stop losses below the trendline.       

 

GBP/USD

29_11_2016_gbp.jpg

 

The currency pair still shows its weakness as compared to the others. The main reason are fears that UK economy is going to decline. One of the MPC members pronounced this opinion during his speech. Those comments resulted in a downtrend. However, everything may change during the week, but investors have negative moods. Yesterday’s long trades closed with no profit. We give no recommendations today as GBP/USD is fluctuating in the opposite side from the main direction, established by the other currency pairs. 

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. We think that the currency pair is able to move towards 1,28000 and even reach this level.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions at the moment as the situation is still unclear.      

AUD/USD

29_11_2016_aud.jpg

 

The currency pair meet some resistance at 0,75000 but still offers signals that it is able to break through this level. There is an opportunity to open long trades from here but you have to place stop loss below the MA55 balance line. It is even better to place stop losses below the trendline but in this case it will be huge. If this trade fails to bring profit, you may try to buy from the trendline on the Hourly chart.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. The currency pair failed to reach 0,71800. However, we still believe it is able to resume its downside tendency after a short upside correction. 

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

USD/CHF

29_11_2016_chf.jpg

WE advise to search for short trades from the MA55 balance line or trend line on the Hourly chart today. It is better to sell as close to the trend line as possible in order to reduce stop loss. The volume of the position should be low as the situation on the Weekly chart is strange.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair reached 1,02000 and failed to reach the established target. We think that the currency pair is going to try to decline below the broken through trend line on the Weekly chart. The correction is going to be deeper in this case.

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. We advise to open short trades from the trend line area. Place stop losses above this trendline.


Gold and Silver Technical Outlook November 29, 2016


GOLD (XAU/USD)

29_11_2016_gold.jpg

Gold established the uptrend but the current price pattern is not suitable for long trades. You may try to buy from the MA55 balance line but risks are too high. We think that there is a probability that the price is going to decline after US GDP data if this statistics is better than expected. AS for the technical analysis, it indicates on the further growth of the currency pair. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD slows down its downtrend and starts a correction according to our expectations. We think that the upside tendency is going to accelerate. 

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

SILVER (XAG/USD)

29_11_2016_silver.jpg

Silver established a clear uptrend but the current pattern is strange. You may try long trades with low volume as risks are too high. We advise to pay attention to US GDP data which is to be released today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a doji last week and we think that Silver is able to grow. 

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

   


 

Link to comment
Share on other sites

Technical Outlook November 30, 2016


EUR/USD

30_11_2016_eur.jpg

 

Yesterday’s situation offered an opportunity to open long trades from 1,05750 according to our expectations with stop loss at 150 pips from the order price. There was no sense to place stop loss closer. The currency pair allowed taking about 750 pips as profit. USD GDP data was mixed as economy growth accelerates but deflator slows down. There is a great volume of macroeconomic statistics today from Europe and USA. The price is forming a triangle which is likely to resume the uptrend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair formed a short body candlestick last week which indicates on the probability of further growth. This upside tendency is a part of a correction but it may target 1,08500.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading at the moment and wait for better signals.      

 

GBP/USD

30_11_2016_gbp.jpg

 

The currency pair tries to establish a wide range without any direction. We give no recommendations in this situation. WE think that this dynamics may continue today. However, you may try to open trades from the both sides of this range. 

The downtrend is still in progress on the Weekly chart as the price is below the MA55 balance line. We think that the currency pair is able to go towards 1,28000 and GBP/USD may even reach this point.

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

AUD/USD

30_11_2016_aud.jpg

 

The currency pair continues to fluctuate below the resistance level at 0,74900-0,75000. There are still no signs of breaking through this level and we think that the currency pair is able to bounce off this point if it holds Bulls attacks. Long trades from the MA55 balance line failed to bring profit and was closed as stop losses triggered. There was no opportunity to buy from the trend line as the price failed to reach it. We advise to do nothing today as there is a probability of a reverse.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to reach 0,71800 level but we think that it still looks downwards and may resume its downside tendency after a correction.

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

USD/CHF

30_11_2016_chf.jpg

There was an opportunity to sell from the trend line on the Hourly chart according to our recommendations yesterday but if you placed stop losses close to the position, they have triggered. You should place stop losses at 250 pips from the strike price. The currency pair was in a profit area for 450 pips. It was enough to take profit and close positions. We advise to avoid trading today as the trend is weak and there is a probability of a reverse.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair reached 1,02000 but failed to touch previously established targets. We think that there will be attempts to decline below the trendline on the Weekly chart. 

The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to take no decisions at the moment as the situation is unclear.


Gold and Silver Technical Outlook November 30, 2016


GOLD (XAU/USD)

30_11_2016_gold.jpg

Gold declined yesterday after US data release. It is to say that US data was mixed as there is a an acceleration in GDP growth but deflator slows down. We advise to pay attention to today’s large number of statistics from Europe and USA. XAU/USD growth was through a short correction that we have mentioned yesterday. However, the upside tendency is still actual but it is too weak and this trend is accompanied by corrections. We think that Gold is going to change its tendency or accelerate it today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold slows down its downtrend and starts a correction as we have expected. We think that the upside tendency is going to accelerate. 

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to do nothing today as the situation is still unclear.    

SILVER (XAG/USD)

30_11_2016_silver.jpg

Yesterday’s long trades failed to bring profit as stop loss triggered. Those trades were too risky and we have mentioned it in our previous outllook. However, Silver is in the uptrend at the moment and you may try to buy it from the MA55 balance line or from the trendline on the Hourly chart. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a doji last week indicating the probability of further growth this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to buy from the MA55 or from the Trend line on the Hourly chart.  

   


 

Link to comment
Share on other sites

Technical Outlook December 1, 2016


EUR/USD

01_12_2016_eur.jpg

 

The US data sent the dollar up and raised expectations for the December and March 2017. Wounds begins to consider the possible prices of the March increase. The fed said that the labor market reached full employment. Now all market participants ' attention will be focused on inflation and economic growth. Generated pricing model indicates a decrease. 

On the weekly chart the downtrend, as the price is below МА55. The pair has formed a short body candle that speaks about possible continuation of growth. Growth corrective, but can last roughly up to 1,08500.

On the hourly chart neutral trend as the MA-channel moves horizontally, and the price is below МА55. You can consider sales from МА55, but the risk will be high, as the trend is neutral.      

 

GBP/USD

01_12_2016_gbp.jpg

 

In spite of a couple of allies trying to grow up. Again the behavior of the couple is not quite adequate, so her recommendations are not yet giving. The trend is trying to come to upward, but are still not established. Likely to return down.

On the weekly chart the downtrend, as the price is below МА55. This week has a chance to go in the direction of mark 1,28000, and it is even possible to achieve it.

On the hourly chart pre-upward trend, as MA-the channel is moving up and price is above МА55. Observed.      

AUD/USD

01_12_2016_aud.jpg

 

The pair have not fulfilled the overcoming of resistance in the area 0,74900-0,75000 and went down in line with expectations. As expected, the decrease has been sharp and changed the trend on the downside. Today it is necessary to consider the sale. 

On the weekly chart the trend is neutral as the price is МА55. The pair had not reached the goal 0,71800, but after some correction might resume its decline. 

On the hourly chart downtrend, as MA-the channel is moving down and price is below МА55. Sales from the area МА55 and a broken trendline with a stop behind them.   

USD/CHF

01_12_2016_chf.jpg

The pair made an attempt to change the trend, but somehow sluggish. However, the pricing model indicates the possible continuation of growth, so you can try to implement the sale. The weekly chart favors it.

On the weekly chart the uptrend as the price moves above МА55. The pair rose to 1,02000, a little before reaching the goal. This week attempts falls below the broken trend line on the weekly chart that can talk about a deeper correction down.

On the hourly chart the uptrend, as MA-the channel is moving up and price is above МА55. Purchase from the district МА55 with a stop behind her.


Gold and Silver Technical Outlook December 1, 2016


GOLD (XAU/USD)

01_12_2016_gold.jpg

Gold changed the trend on strong data on the labor market in the United States. According to ADP employment change in the non-agricultural sector amounted to 216 000, while the expected total of 165 000. The fed said the U.S. labor market reached full employment. Against this background gold has updated the lows from February of this year. Now gold has a real purpose 1110,0. If U.S. data continue to predict that gold will quickly reach this level.

On the weekly chart the uptrend, as the price is above МА55. Gold slowed the downtrend and the beginning of a correction in line with expectations. Expect the acceleration of the upward movement.

On the hourly chart downtrend, as MA-the channel is moving down and price is below МА55. Sales from the area МА55 with a stop behind her.    

SILVER (XAG/USD)

01_12_2016_silver.jpg

On silver purchases over the small stop. The trend for precious metals has changed and the mood too. On plus comments from representatives of the U.S. Federal reserve put pressure on the precious metals. Now, we need to consider only sales. 

On the weekly chart the trend is neutral as the price is МА55. The past week has formed a Dodge, which indicates possible growth of the pair this week. 

On the hourly chart downtrend, as MA-the channel is moving down and price is below МА55. Sales from the area МА55 and a broken trendline with a stop behind them.  

   


 

Link to comment
Share on other sites

Technical Outlook December 2, 2016


EUR/USD

02_12_2016_eur.jpg

 

On Thursday, the dollar fell by US trading and the pair grew accordingly.  The deal for the sale on the recommendation was risky and closed in the negative.  Perhaps the fixation of long dollar positions before on US labor market data today.  Today released a report on the number of new jobs is a / x, for which the market reacts in different ways and it is very difficult to predict.  For this reason, the risk is great, and I do not give advice.

 On the weekly chart the downward trend as the price is below the MA55.  The pair formed a short body candles, which indicates the probability of further growth.  The growth of a corrective, but can last up to about 1.08500.

 On the hourly chart the upward trend, as the MA-channel moves up, and the price is above the MA55.  Observed.      

 

GBP/USD

02_12_2016_gbp.jpg

 

A small weakness of the dollar allowed the pair to continue to grow more aggressively.  This also contributed to the statement of the British Minister for Brexit David Davis.  However, all this movement is not associated with the technique, and a pair of reaction to the news background.  I continue to insist, to refrain from a pair of transactions.

 On the weekly chart the downward trend as the price is below the MA55.  This week has a chance to go toward the mark of 1.28000, and it is even possible to achieve it.

 On the hourly chart the upward trend previously as MA-channel moves up, and the price is above the MA55.  Observed.      

AUD/USD

02_12_2016_aud.jpg

 

The pair could not rise to the expected level of sales is an area of ??MA55 and a broken trendline.  The pair has attempted in the morning, but not raised up.  Today morning, the pair reached the MA55, but sales of it are obtained risky, as the pair could take up to a broken trend line.  In any case, under today's US data is better not to trade.

 On the weekly chart the trend is neutral, since the price is at MA55.  The pair did not reach the target 0.71800, but after a correction is possible the resumption of decline.

 On the hourly chart while a downward trend since the MA-channel moves down, and the price is below the MA55.  Observed.   

USD/CHF

02_12_2016_chf.jpg

The couple made it possible to enter into a purchase on the recommendation, but the development of growth is not received.  From the current situation, the two outputs either breakeven or stop 150 points.  The trend was weak and was unable to push the price higher.  While the weekly chart is all worth it for growth.  Under today's data on the US labor market is better not to get into the market.

 On the weekly chart the upward trend as the price moves above the MA55.  The pair rose to 1.02000, a little before reaching the goal.  This week may attempt to drop below the broken trend line on the weekly chart, which will talk about the deeper downward correction.

 On the hourly chart the trend is neutral, since the MA-channel moves horizontally, and the price is below the MA55.  Observed.


Gold and Silver Technical Outlook December 2, 2016


GOLD (XAU/USD)

02_12_2016_gold.jpg

Gold yesterday failed to recover the balance of the line MA55, so the transaction on the recommendation has not been fulfilled.  This morning, a good position in gold sales, but as it is today expected data on the US labor market, the recommendations of today do not give.  Market reaction to this data is not always adequate, and very sharp, so I try to get round this data.

 On the weekly chart the upward trend, as the price is above the MA55.  Gold has slowed down trend and the beginning of a correction in line with expectations.  Is expected to accelerate the upward movement.

 On the hourly chart while a downward trend since the MA-channel moves down, and the price is below the MA55.  Observed.    

SILVER (XAG/USD)

02_12_2016_silver.jpg

Yesterday's recommendation to sell themselves on the silver worked best.  See 25 points in profit on silver, is very good.  Today silver placed in a very good position for sales and if not for today's statistics for the United States, would give a recommendation to sell.

 On the weekly chart the trend is neutral, since the price is at MA55.  The last week formed a Dodge, which speaks about the possible growth of the pair this week.

 On the hourly chart the trend is neutral, since the MA-channel moves horizontally, and the price is at MA55.  Observed.  

                 


   


 

Link to comment
Share on other sites

Technical Outlook December 5, 2016


EUR/USD

05_12_2016_eur.jpg

 

US Labor Market data was main Friday’s release. This statistics was mixed as the number of new positions met the expectations but Average Hourly Earnings declined to -0,1% which is negative for inflation growth. The currency pair reaction was moderate. However, EUR/USD declined sharply today in the morning as Italian referendum prelim results are disappointing for Euro. Italian people voted against new amendments to the Constitution. Mateo Renzi is going to resign as he will lose the referendum. 

The currency pair is in the downtrend as the price is below the MA55 balance line. There was no expected growth last week. EUR/USD is unlikely to reach 1,08500 as the results of Italian referendum are negative for Euro. We think that the currency pair is going to decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We give no recommendations as the price is close to the lower side of the MA-channel.      

 

GBP/USD

05_12_2016_gbp.jpg

 

The currency pair is likely to end its upside correction close to the 1,28500 level. Then it is going to decline as we expect. There is a strong uptrend and you may try to earn on this upside tendency if there is any opportunity. There is an important UK Service PMI data today. And we advise to pay attention to it. However, forecasts are close to the current figures.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD was unable to reach 1,28000 but we think it is able to touch 1,28500 this week. We expect the currency pair to resume its decline then.

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

AUD/USD

05_12_2016_aud.jpg

 

The currency pair had an expected growth towards the broken through trendline. We gave no recommendations to open short trades from the MA55 balance line. The currency pair reached the trendline but it is still risky to open short trades as the uptrend is going to develop. We expect AUD/USD to decline this week and we advise to wait until the currency pair is going to reverse.

The currency pair is in the neutral trend as the price is close to the MA55 balance line. AUD/USD continues its upside correction this week but we expect it to decline towards 0,71800.

There is still the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decisions at the moment as the situation is disputable.   

USD/CHF

05_12_2016_chf.jpg

The currency pair made several downside bursts but return to its previous positions. The weekly chart situation still determines fluctuations and breaks any attempts to establish new tendency. USD/CHF is trying to grow today in the morning allowing to open long trades. However, we advise to wait until the MA-channel changes its direction.

The currency pair is in the Uptrend on the Weekly chart as the price is fluctuating above the MA55 balance line. USD/CHF failed to decline below the trendline and we think that the currency pair is going to grow towards 1,03000.

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


Gold and Silver Technical Outlook December 5, 2016


GOLD (XAU/USD)

05_12_2016_gold.jpg

XAU/USD’s reaction to Friday’s US Labor Market data was moderate. Today market react on the results of the Italian referendum which were unexpected for many investors as Italian people seems to give no support to Mateo Renzi initiative to make some key amendments to the Constitution. Italia is going to move away from the European Union and its prime minister Renzi is going to resign as he promised. This situation is likely to give some support to Gold as investors are likely to leave Euro searching for better assets. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. USD growth exerts some pressure on Gold. We think that XAU/USD is able to restore its positions after Italian Referendum.

There is still no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to take no decisions at the moment.    

SILVER (XAG/USD)

05_12_2016_silver.jpg

Silver had some growth after US Labor Market data and Average Earnings declined and this is negative for inflation. Prices growth stimulate central banks to increase Interest Rates. However, Interest Rates hike odds decreased. Fed is going to hike Rates on December, but investors are waiting for further decisions already. 

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. There was a doji last week. We think that the price growth is going to accelerate. 

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

   


 

Link to comment
Share on other sites

Technical Outlook December 6, 2016


EUR/USD

06_12_2016_eur.jpg

 

The currency pair reached both MA-channel sides and even crossed the upper one. This unnatural volatility is due to the Italian Referendum results, which were truly unexpected. However, all those moves are very suspicious, as Euro has to go down in this situation. We think that this upside local tendency is fake and the currency pair is going to decline in the nearest future. However, we also think that the currency pair is able to end its correction and then to go downwards. In this case EUR/USD will reach 1,08500 before its decline.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth last week and the currency pair is unlikely to go towards 1,08500 after the results of the Italian Referendum. We think that EUR/USD is going to decline.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We give no recommendations today as the price is close to the upper side of the MA-channel.      

 

GBP/USD

06_12_2016_gbp.jpg

 

The currency pair failed to reach the balance line and offered no opportunity to open long trades. The uptrend is still strong and stable. You may try to buy from the MA55 balance line (if the price reaches this area) or from the MA13 (risks will be higher in this case). It is up to you to decide.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to reach 1,28000 area but it is able to touch 1,28500 this week and then to resume its decline.

The currency pair is in the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line or from the MA13. Place stop losses below the curves.      

AUD/USD

06_12_2016_aud.jpg

 

The currency pair continues its growth as there is the uptrend at the moment There is no sense to consider short trades as we see no signs of reverse. Today’s Reserve Bank of Australia meeting resulted in no changes in monetary policy. The currency pair had almost no reaction to this event. We still think that the trend is going to change.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continues its upside correction but we think that it is able to start to decline towards 0,71800 this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decisions, as the situation is still unclear.   

USD/CHF

06_12_2016_chf.jpg

The currency pair declined trying to break the pattern on the Weekly chart. The currency pair is in a suitable position to open long trades against the current trend. However, those long orders will be risky. We think that if the uptrend is to take place, eventual profit will be enough to cover eventual losses. The currency pair still have some room to decline and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline below the broken through trend line on the Weekly chart. We expect USD/CHF to grow towards 1,03000.

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


Gold and Silver Technical Outlook December 6, 2016


GOLD (XAU/USD)

06_12_2016_gold.jpg

Gold was trading in both directions on Monday as EUR’s reaction to the Italian Referendum was strange. We think that it is better to wait for a couple of days in order to understand what is happening. EUR’s reaction is truly nervous as EURO has to decline instead of growing according to the results of the Referendum. Situation with XAU/USD is also strange. We advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Our expectations failed as USD press on Gold. We think that XAU/USD is going to grow after the Italian Referendum.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to do nothing today as the situation is still unclear.    

SILVER (XAG/USD)

06_12_2016_silver.jpg

Silver is trading in both directions but with some upside bias indicating that the uptrend was established already. Yesterdays’ long trades closed by stops as the market was volatile and nervous. You may try to open long trades from the MA55 balance line today hoping that there will be no sharp bursts.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Doji worked out and we think that the price growth is going to accelerate this week.

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

   


 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • 👍 Join TopGold.Forum Now

    The Most Welcoming & Trustworthy Earning Online Community

    Join over 25,000 members and 700 businesses on their journey to strike GOLD. 💰🍾👍

    👩 Want to make money online? 
    💼 Represent a company? 

⤴️-Paid Ad- TGF approve this banner. Add your banner here.🔥

×
×
  • Create New...