Adamant Finance - Daily Analysis

[Adamant Finance]

Technical Outlook June 1, 2017

EURUSD

The currency pair broke through the trend line on the Hourly chart and there was an opportunity to open short trades. Those positions, however, closed by stop losses. Those trades were risky as we had mentioned it previously. EUR/USD was growing despite the lower inflation data than expected. However, some European Central Bank’s member are hinting on the probability of the stimulus programme tightening. Our weekly scenario is still postponed, but there are chances that the currency pair is going to decline after the US Labor Market data on Friday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week and then stopped its growth. We think that EUR/USD is likely to decline in the next couple of days.

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

GBPUSD

The currency pair failed to break through the weekly lows and returned to a range. We think that GBP/USD is going to be trading within this range for some time. The currency pair growth was due to the latest interviews showing Theresa May advantage over other candidates.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week frustrating our moderate growth expectations. We think GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD

The currency pair resumed its decline according to our expectations. There is no trend currently but you could try to open short trades with risks. Raw currencies are under the pressure at the moment and we think it is time to take some profit from the situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations but declined on Friday. We think the currency pair is likely to continue its decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short trades from 0,74150-0,74250 level. Place stop losses above those levels.

USDCHF

The currency pair failed to resume its growth as we had previously expected. USD/CHF accelerated its decline instead. This downside tendency frustrates our expectations. However, there is the downtrend at the moment and we think it is time to look for short trades. Pay attention to the fact that the currency pair is far from the MA5 balance line and those short trades are risky.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was in a range last week as we had expected. We think USD/CHF is likely to develop its growth in the next couple of days.

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

Gold and Silver Technical Outlook June 1, 2017

GOLD (XAUUSD)

Golf is trading in both directions and established new highs of the week. There is still no tendency and there are no signs of any future direction. We think that the price is going to be fluctuating within 1260-1271,0 range on the eve of tomorrow’s US Labor Market data.

There is no trend on the Weekly chart as the price is close to the MA55. The precious metal broke through the trend line last week according to our expectations and developed its growth later. We think that XAU/USD is likely to develop its growth in the next couple of days. Pay attention to the strong resistance line on the way.

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

SILVER (XAGUSD)

Silver is trading within a range. There is no clear tendency at the moment and it is better to avoid trading today. We think that XAG/USD is going to be trading with no clear direction until the release of tomorrow’s US Labor Market data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver crossed the 17,00 level last week and then resumed its growth according to our expectations. We think that XAG/USD is likely to develop its upside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 2, 2017

EURUSD

The currency pair had a correction to its previous growth yesterday on the eve of today’s US Labor Market data release. Yesterday’s ADP Non-Farm Employment data was far better than expected. This is a positive factor for USD. Market participants are likely to pay considerable attention to today’s US Non Farm Employment and Unemployment Rate data as well as to the Average Hourly Earnings.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week and then slowed down its growth. We think that EUR/USD is likely to decline in the next couple of days.

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

GBPUSD

The currency pair was trading within a wide range according to our yesterday’s expectations. Investors are nervous on the eve of today’s British Parliament elections. However, we think that market participants are going to pay particular attention to today’s US Labor Market data release. WE recommend doing nothing before this event.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week frustrating our growth expectations. We think that GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD

The currency pair offered an opportunity to open short trades from the 0,74150 level according to our recommendations. There was a chance to take 500pips profit. It was enough to fix trades as there is important US Labor Market data today. Market participants are going to pay particular attention to the US Non Farm Employment change.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations, but then it declined. We think AUD/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading before the release of the US Labor Market data today.

USDCHF

The currency pair approached the MA55 balance line during the Asian Session. The price is at the right place for short trades as we may see it, but today is a special day (we mean the US Labor Market data release) and we think it is better to avoid doing anything. Let’s wait for the American Session.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was in a limited range last week. WE think it is going to grow in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We think that it is better to do nothing before the release of the US Labor Market data today.

Gold and Silver Technical Outlook June 2, 2017

GOLD (XAUUSD)

Gold is trading within a 1260-1271,0 range according to our expectations. The price is likely to decline even before the release of the US Labor Market data as yesterday’s ADP Non Farm Employment Change data was far better than expected. The price is close to the lower side of the range and may break it through anytime. There is no tendency currently and we give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price broke through the trend line in the end of the last week and then had some previously expected growth. Gold is likely to develop its upside dynamics in the next couple of days, but there is a strong resistance on the way.

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

SILVER (XAGUSD)

Silver broke through the range yesterday and tried to decline, but met a support level. If XAG/USD is going to continue its attempts to break through this level, we think it will succeed in case of the better than expected US Labor Market data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver broke through the 17,00 level last week and then developed its growth according to our expectations. We think it is going to continue its upside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 5, 2017

EURUSD

The currency pair was in a range on Friday, as market participants were waiting for the results of the US Labor Market and Average Hourly Earnings data release. After the issue of the statistics, EUR/USD had a sharp growth as this data was disappointing. There will be no much data on US economics this week and we advise to pay attention to European releases. The European Central Bank is going to meet on Thursday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week as the market participants were disappointed by Trump and weaker than expected US Labor Market data. We think that EUR/USD is likely to develop its growth in the next couple of days.

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

GBPUSD

The currency pair was trading in a tight range for the whole Friday and it almost ignored the weaker than expected US Labor Market data. We think that market participants are paying more attention to the upcoming British Parliamentary elections, which are to take place on Thursday this week. Theresa May’s party has advantage according to the latest data, but no one knows whether she is going to win or lose those elections.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction in a tight range last week. We think it is going to resume its growth in the next couple of days.

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

AUDUSD

The currency pair went upwards after the US Labor Market data, which was worse than expected. AUD/USD has broken through the trend line during the Asian session on the Hourly chart and we think this fact indicates on the probability of a new tendency to be established. It is time to look for long trades from the broken through trend line, but there is no clear tendency at the moment, and we give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined moderately last week but then had some growth on the worse than expected US Labor Market data. We think AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF

The currency pair declined right after the release of the US Labor Market data, which was weaker than expected. We think it is time to look for short trades today, as there is a clear downside tendency on the chart. The currency pair is supposed to develop its decline in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week towards the broken through trend line and then resumed its decline. We think that USD/CHF is likely to develop its decline in the next couple of days.

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

Gold and Silver Technical Outlook June 5, 2017

GOLD (XAUUSD)

Gold was declining on Friday during the Asian session, but the price almost freeze by the beginning of the European session. The US Labor Market data was worse than expected and Gold went upwards right after the release of the US Non-Farm Employment Change. XAU/USD has broken through the trend line on the Weekly chart. If the price is going to confirm this break out, Gold has some opportunities to develop its growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD was in a range on the eve of Friday’s important US Labor Market data, but then XAU/USD went upwards and Gold has broken through the key level. XAU/USD is likely to develop its Friday’s upside dynamics in the next couple of days.

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

SILVER (XAGUSD)

Silver has changed its direction after the Friday’s US Labor Market data. XAG/USD some better chances to develop its growth. We advise to try long trades from the MA55 balance line. This week is the last before the Federal Open Market Committee meeting, and there is a probability, that XAG/USD is likely to go upwards.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week and resumed its growth on Friday only. We think that XAG/USD is likely to resume its upside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 6, 2017

EURUSD

The currency pair offered opportunity to open long trades from the MA55 balance line according to our recommendations. You can fix your profit partially and protect the rest by moving stop losses at breakeven level. We think that EUR/USD is likely to continue its growth today and we advise to hold some of your long trades opened. There is an important Eurozone Retail Sales data on the way, which may help EUR/USD to grow further.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week because market participants were disappointed by both Trump activities and the weaker than expected US Labor Market data. We think that the currency pair is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to hold your long trades from 1,12400.

GBPUSD

The currency pair went upwards towards the upper side of the range and GBP/USD is able to break it through in the nearest future. Latest interviews show the advantage of Theresa May’s party. GBP/USD get some support form that news. Parliamentary elections are to take place on Thursday, June 8. It is better to avoid trading at the moment.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction in a tight range last week. We think it is going to resume its growth in the next couple of days.

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

AUDUSD

The currency pair went upwards after AUD/USD has broken through the trend line and we think it is going to return towards this trend line offering another opportunity to buy. There is the uptrend currently and we think there is a good opportunity to open long trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined moderately but then it had some growth after the release of the US Labor Market data. We think AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF

The currency pair failed to offer any trading opportunities yesterday as it was far from the MA55 balance line. We think that USD/CHF is likely to continue its decline today, but there are still hopes, that the currency pair is able to reach the MA55 balance line in order to offer some trading opportunities, before it continues to go downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth last week towards the trend line and then reversed and moved downwards. We think that USD/CHF is likely to develop its decline in the next couple of days.

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

Gold and Silver Technical Outlook June 6, 2017

GOLD (XAUUSD)

Gold was trading in a tight range on Monday without a significant decline. It seems that XAU/USD is unable to go downwards. We expected Gold to move towards the MA55 balance line in order to open long trades from there. However, this not happened. We think that XAU/USD is likely to develop its growth towards 1290-1293,000 today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price was close to the strong resistance level last week, but it passed the level after the release of the weaker than expected US Labor Market data.

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

SILVER (XAGUSD)

Silver offered no opportunities to open long trades yesterday as the correction was too small. XAG/USD resumed its growth today during the Asian Session and there is no a single chance to jump into this “departing train”. We think it is better to stay away today and do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week according to our expectations and resumed its growth on Friday, after the release of the weaker than expected US Labor Market data. We think that XAU/USD is likely to develop its growth in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 7, 2017

EURUSD

The currency pair’s long trades ended with nothing as positions closed at the breakeven level. However, there was an opportunity to take some profit. EUR/USD is trading without establishing new weekly highs as market participants are waiting for the results of the European Central bank meeting, which is to take place on Thursday. The currency pair slows down its upside tendency and it is better to avoid trading today. We think EUR/USD is likely to be trading within a range before the ECB meeting. As for the important events, Eurozone is going to release its Final GDP data, which is not going to make much noise according to our expectations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week as market participants were disappointed by Trump’s latest activities and the weaker than expected US Labor Market data. We think that EUR/USD is likely to develop its growth in the next couple of days.

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

GBPUSD

The currency pair failed to break through the upper side of the range as new interviews show mixed results on the eve of the UK Parliamentary Elections. We recommend avoiding trading before the official results of the British elections as everything may happen.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction last week and is still trading within a tight range. We think that GBP/USD is likely to develop its growth in the next couple of days.

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

AUDUSD

The currency pair failed to return to the broken through trend line and even was not close to the MA55 balance line to offer opportunities to buy. AUD/USD continued its growth today during the Asian session after stronger than expected Australian GDP data. There is not even a single chance to open trades as the price is far from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined moderately last week, but then it grew on the weaker than expected US Labor Market data. We think that AUD/USD is likely to continue its upside tendency in the next couple of days.

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

USDCHF

The currency pair offered an opportunity to open short trades from the MA55 balance line according to our recommendations. The price declined for 350 pips and it was enough to fix trades partially and to protect the rest. This downside tendency slows down at the moment and we advise to fix the rest of your trades, as a correction is probable.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week towards the broken through trend line and then resumed its decline. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

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

Gold and Silver Technical Outlook June 7, 2017

GOLD (XAUUSD)

Gold had some growth yesterday according to our expectations. There was no opportunity to open positions as the price failed to reach the MA55 balance line. The tendency is very strong and the price can not even reach the MA13. However, we think that Gold is going to slow down its growth in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price reached a strong resistance level last week and broke through it after Friday’s weaker than expected US Labor Market data. We think that XAU/USD is likely to develop its upside dynamics in the next couple of days.

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

SILVER (XAGUSD)

Silver was growing yesterday as well, but we think the correction is on the way. There is an opportunity for XAG/USD to make another upside burst and establish a new high. We think it is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week and resumed its growth on Friday. We think that XAG/USD is likely to continue its growth in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 8, 2017

EURUSD

The currency pair was trading with high volatility as there are hints that the European Central Bank is going to decrease their inflation growth forecasts during today’s ECB meeting, which is to take place during the European session. However, there is no proof for those hints and we are going to know the truth only after the event. Market participants expect the European Central Bank to declare the probability of Stimulus programme tightening.

There is another important event today in the United States, which is able to influence the currency pair. We mean today’s James Comey Congress hearings.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week as market participants were disappointed by both weaker than expected US Labor Market data and Trump’s activities. WE think that EUR/USD is likely to develop its growth in the next couple of days.

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

GBPUSD

The currency pair passed the upper side of the range as market participants expect Theresa May to win the Parliamentary elections in the United Kingdom. This event is to take place today and if Theresa May’s party takes the majority, GBP/USD is likely to continue its growth in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a sort of a correction last week. We think it is likely to develop its growth in the next couple of days.

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

AUDUSD

The currency pair continued its growth during the European session yesterday but it stopped on the American session. There are lots of important events today. Market participants are hesitating to open new trades. WE think it is a good idea to do the same thing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined moderately last week, but then moved upwards after the release of the US Labor Market data. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF

The currency pair was trading in both direction because of Euro. However, USD/CHF failed to pass the trend line and we had to adjust this line according to new situation on the chart. If there will be now negative information and comments during today’s European Central Bank meeting, the currency pair is able to bounce off the trend line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth towards the broken through trend line last week and resumed its decline then. We think that USD/ CHF is likely to develop its decline in the next couple of days.

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

Gold and Silver Technical Outlook June 8, 2071

GOLD (XAUUSD)

Gold offered an opportunity top open long trades in the beginning of the American Session from the MA55 balance line and the price was in the profit area for 6USD. You could either take the profit or hold your positions.

However, later all open positions were closed at breakeven level. Market participants are fixing their long trades on the eve of today’s important events. There will be James Comey Congress hearings, the European Central Bank meeting and the UK Parliamentary elections.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price met a strong resistance last week but passed it after the weaker than expected US Labor Market data. WE think XAU/USD is likely to develop its upside dynamics in the next couple of days.

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

SILVER (XAGUSD)

Silver made an expected upside burst, but failed to establish new weekly highs. The growth from the MA55 balance line was about 10 pips only and w gave no recommendations. There are many important events today and it is better to wait for the market participants reaction on them.

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

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

[Adamant Finance]

Technical Outlook June 9, 2017

EURUSD

The currency pair declined yesterday after the European Central Bank’s decision to leave monetary policy unchanged. EUR/USD is under the pressure as inflation growth forecasts were decreased by the ECB. Those forecasts had a considerable impact on the currency pair as Mario Draghi and his colleagues are unlikely to change monetary policy in the nearest future as they were expected to do previously. EUR/USD is able to reverse its tendency and we can see some signs of it on the charts right now.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week as market participants were disappointed by both Trump’s activities and the weaker than expected US Labor Market data. We think that EUR/USD is likely to grow in the next couple of days.

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

GBPUSD

The currency pair was trading in a tight range yesterday and started to decline after the preliminary exit poll results. Preliminary data shows, that Theresa May has not enough votes to gain a majority in the British Parliament.

Market participants expected her party to win and GBP/USD was growing previously. However, investors are disappointed now and we can see it on the charts. Final exit poll results will be released today during the European Session.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction in a tight range last week. We think GBP/USD is likely to develop its growth in the next couple of days.

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

AUDUSD

The currency pair was trading within a tight range as market participants were waiting for important events. However, USD has got some support in the end of the day and we think AUD/USD is going to change its tendency in the nearest future. There is still no reverse, but it may happen the next week. And there will be opportunities to sell.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week but then had some growth after the release of the weaker than expected US Labor Market data. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF

The currency pair moves to the opposite direction from EUR/USD. The European Central Banks is going to wait more before taking any monetary policy decisions. Chief is under the pressure as EUR is. The trend line on the Hourly chart was broken through and the situation was favorable for long trades. However, we gave no recommendations yesterday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week towards the trend line and then resumed its decline. We think USD/CHF is likely to develop its decline in the next couple of days.

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

Gold and Silver Technical Outlook June 9, 2017

GOLD (XAUUSD)

Gold shows intension to decline as investors are fixing their long trades and USD gets more support. The European Central Bank decision and comments as well as the preliminary British Parliament elections exit polls pushed European currencies down. Those events provoked further decline of precious metals. Gold has its trend line on the Hourly chart on the way and there are doubts it is going to break it through. We think that XAU/USD is going to finish this week above this trend line. However, we can see a downtrend and there is some potential for further decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold has broken through the strong resistance level on Friday after the release of the US Labor Market data. We think XAU/USD is likely to develop its upside dynamics in the next couple of days.

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

SILVER (XAGUSD)

Silver increased the speed of its decline after the European Central Bank’s decision to leave the monetary policy unchanged. Inflation growth forecasts were decreased as well. There is the downtrend at the moment but we have a trend line on the way, which may prevent Silver from further decline today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week and resumed its growth on Friday. We think XAG/USD is likely to develop this dynamics in the next couple of days.

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

 

[Adamant Finance]

Technical Outlook June 12, 2017

EURUSD

The currency pair failed to reach the balance line and there was no opportunities to open trades according to our recommendations. However, this chance may be given today. We would like to remind you that this week is full of important events including the Federal Open Market Committee and the Bank of England’s meeting. This week promises to be very volatile.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth last week frustrating our expectations. We think that the currency pair is likely to develop its decline in the next couple of days.

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

GBPUSD

The currency pair established new lows last week as the final exit polls results showed that no party has won the elections to British Parliament. Theresa May has to create a coalition right now and she has to overcome all future difficulties on her own. This political background may lead to further GBP/USD decline. The price is under the horizontal level at the moment. We think you can try to sell from there.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week but declined sharply by the end of the last week on the British Parliamentary Elections results. We think the currency pair is likely to develop its decline in the next couple of days.

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

AUDUSD

The currency pair continued to be trading within a tight range. We had advised previously to try short trades from the MA55 balance line this week. USD is likely to gain more positions before Wednesday, when the Federal Open Market Committee is going to hold a meeting. Market participants are expecting the Federal Reserve to hike rates again.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week according to our expectations. We think that AUD/USD is likely to resume its decline in the next couple of days.

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

USDCHF

The currency pair went back towards the MA55 balance line on Friday and we think there will be some opportunities to buy from this indicator today. We expect USD/CHF to have limited dynamics before Wednesday but USD is going to push the other currencies down. We expect the currency pair to increase volatility when the results of the Federal Open Market Committee meeting will be released.

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

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

Gold and Silver Technical Outlook June 12, 2017

GOLD (XAUUSD)

Gold is likely to break through the trend line on the Hourly chart and we think it is time to look for short trades. However, the price is still far from the MA55 balance line and we think you can try selling from the MA13. Those trades are supposed to be very risky and we advise to wait until the price reaches the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its upside dynamics last week according to our expectations. However, Gold declined sharply by the end of the last week and made a fakey on the Weekly chart. We think that XAU/USD is likely to develop its downside dynamics in the next couple of days.

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

SILVER (XAGUSD)

Silver broke through the trend line on the Hourly chart having no difficulties to do this. This fact indicates on a serious Bears pressure. The price can not reach the MA55 balance line and we think you can try to open short trades from the MA13.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver attempted to grow last week several times but then reversed downwards. We think that XAG/USD is likely to continues its downside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 13, 2017

EURUSD

The currency pair is in the stand-by mode as the market participants are waiting for the Federal Open Market Committee meeting results. We hoped EUR/USD was likely to decline one more time, but it failed to happen and we had some small losses as stop losses triggered. There is ZEW Economic Sentiment data upcoming today, this statistics is likely to provide the currency pair with some higher volatility. The downtrend is still actual and we think you can try short trades today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair frustrated our growth expectations last week. EUR/USD is likely to develop its decline in the next couple of days.

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

GBPUSD

The currency pair reached the horizontal level and bounced off it according to our expectations. There was an opportunity to sell from there according to our recommendations. The price was in the profit area for 1300 pips and we had no difficulties to take profit. The currency pair is under the pressure at the moment after the British Parliamentary Elections, which took place on Thursday.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week but declined sharply on Friday. We think that GBP/USD is likely to develop its decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We could recommend opening short trades, but the price is far from the MA55 balance line. We advise to do nothing today and wait until GBP/USD offers new opportunities.

AUDUSD

The currency pair was trading in a tight range yesterday. AUD/USD started its growth towards the weekly highs during the Asian Session today. Short trades ended with small losses. We think that market participants avoid doing something before the release of the results of the Federal Open Market Committee meeting, which is to take place on Wednesday. We have previously mentioned, that short trades from the MA55 balance line are likely.

USD is going to grow on the eve of the FOMC meeting. Market participants still believe that the FED is going to hike rates.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued to grow last week according to our expectations. We think that AUD/USD is likely to resume its decline in the next couple of days.

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

USDCHF

The currency pair offered opportunity to open long trades from the MA55 balance line. Those positions ended with stop losses. USD/CHF’s dynamics had no clear direction and is was hard to earn something. We think that the currency pair is likely to gain some volatility after the release of the Eurozone ZEW economic sentiment data.

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

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

Gold and Silver Technical Outlook June 13, 2017

GOLD (XAUUSD)

Gold failed to get back towards the MA55 balance line and we advise to avoid doing anything. We think that the short trades from the broken through trend line are also unlikely as the break through was not clear. The price is going to reach the MA55 balance line today probably and you can try to sell from there.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold resumed its upside dynamics last week according to our expectations but then declined sharply on Friday. We think that XAU/USD is likely to develop its downside dynamics in the next couple of days.

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

SILVER (XAGUSD)

Silver offered opportunities to open short trades from the MA13 and those short positions were profitable. The price was in the profit area for 25pips. There was also an opportunity to fix your trades and if you failed to do it, it is still time to close all positions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had several attempts to grow last week and then reversed downwards. We think that XAG/USD is likely to develop its downside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 14, 2017

EURUSD

The market participants are waiting for the results of the Federal Open Market Committee Meeting, which is to take place during the American Session. Today is a D-Day for all major currencies and precious metals. Short trades failed to bring any profit as they have closed by stop losses. Tendency had already changed, when you had opened trades and there was no sense to do this. The currency pairs have no direction currently and there will be no recommendations.

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

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

GBPUSD

The currency pair gained back its positions partially after the better than expected UK Inflation data. However, this dynamics was temporary as this is unlikely to influence the Bank of England’s decision. We think that the currency pair is able to resume its decline today after the release of the Federal Open Market Committee Meetings, which are to take place during the American Session. USD is going to get more support in case if the FOMC members are going to hint on the probability of another Interest Rates hike this year.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week, but then reversed and declined by the end of the last week. We think that GBP/USD is likely to continue its decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the Ma55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

The currency pair was trading in a tight range yesterday as market participants are waiting for the results of the Federal Open Market Committee Meetings, which are to take place today during the American Session. We think that the currency pair’s dynamics is likely to remain unchanged before the FOMC Meetings.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth according to our expectations last week. We think that GBP/USD is likely to resume its decline in the next couple of days.

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

USDCHF

The currency pair continued its range trading yesterday on the eve of the Federal Open Market Committee Meetings yesterday. USD/CHF declined after yesterday’s Eurozone data. However, it gained back its positions later. We give no recommendations for today.

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

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

Gold and Silver Technical Outlook June 14, 2017

GOLD (XAUUSD)

Gold offered opportunities to open short trades in the end of the American Session and there was no reason to sell. We think that XAU/USD is likely to develop its decline after the release of the Federal Open Market Committee Meetings results. If there are any hints on the probability of another Interest Rates hike this year, gold is likely to develop its downside tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its upside dynamics last week, but then declined, establishing a fakey on the Weekly chart. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver is growing as the market participants are fixing their short trades on the eve of today’s important event. The price may choose any direction after the release of the results of the Federal Open Market Committee Meetings. Everything depends on the decisions and comments of the FOMC members. We give no recommendations as sharp moves are expected.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. Silver had a couple of attempts to grow and then reversed downwards. We think that XAG/USD is likely to develop its downside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 15, 2017

EURUSD

The currency pair did a pirouette yesterday during the American session. Once the US inflation data and Retail sales were released, EUR/USD moved higher, as the statistics was weaker than expected and disappointed the market participants. Investors had doubts, that the Federal Open Market Committee was going to hike Interest Rates and to follow its promises. The currency pair had a 800pips growth. However, the results of the FOMC Meeting met the market participants expectations. Moreover, Janet Yellen assured investors that the US economics feels good. Those comments helped EUR/USD to reverse and reach its previous positions.

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

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

GBPUSD

The currency pair was trading in both directions yesterday. The main event for today as the Bank of England Meeting, which is to take place during the European Session. We think that sharp price bursts are probable.

GBP/USD looks upwards, but the price dynamics indicates on the probability of a decline. This situation is disputable and it is better to do nothing at the moment.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week, but then declined sharply by Friday. We think that GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD

The currency pair started to grow even before the release of the US Inflation data, Retail Sales and the Federal Open Market Committee Meeting results. There is the uptrend currently and the price dynamics confirms it. The currency pair had another sharp growth today during the Asian Session as the Australian Labor Market data was better than expected. We had no opportunities to jump in to the market and it is better to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week according to our expectations. We think that AUD/USD is likely to resume its decline in the next couple of days.

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

USDCHF

The currency pair was trading with high volatility, but then had some moderate growth. There is no trend currently and we think it is better to do nothing at the moment. We expect USD/CHF to develop its growth in the next couple of days.

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

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

Gold and Silver Technical Outlook June 15, 2017

GOLD (XAUUSD)

Gold was trading almost according to our expectations. US inflation and Retail Sales data confused market participants, as this statistics was worse than expected. This release resulted in XAU/USD’s sharp growth. However, the Federal Open Market Committee Meeting resulted in Interest Rates hike and the Fed’s Head Janet Yellen commented the current economics state as normal, providing some additional support to the US dollar. There is no tendency today and it is better to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold developed its upside dynamics last week according to our expectations, but declined sharply on Friday, making a fakey on the Weekly chart. We think that XAU/USD is likely to develop its downside dynamics in the next couple of days.

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

SILVER (XAGUSD)

There was some sharp fluctuations yesterday and we think it is time to look for short trades. However, there is still no tendency and it is better to do nothing at the moment. Wait until the MA-channel reverses downwards.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had some attempts to grow last week and then reversed downwards. We think, XAG/USD is likely to develop its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 16, 2017

EURUSD

The currency pair established a downside tendency and it is time to look for short trades. The price is far from the MA55 balance line however. As for the statistics, we advise to pay attention to the Eurozone CPI data today.

However, we think that market participants’ reaction to this event will be limited. You can try open trades in the opposite side of the trend, but those positions will be risky and the eventual profit is expected to be small.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open long trades from 1,1140 aiming 1,11850. Place stop losses at 1,11300.

However, we would like to warn you, that these long positions would be risky.

GBPUSD

The currency pair is still trading in both directions today despite the fact that we have an upside tendency. We gave no recommendations yesterday as the situation is unclear. The currency pair had a sharp growth right after the Bank of England Meeting as two more Monetary Policy Committee members joined hawks’ camp. The Bank of England’s Head Mark Carney still insist on the currently monetary policy to remain unchanged. However, some MPC members are worried about inflation growth.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week but declined sharply on Friday due to the results of the British Parliamentary Elections. We think that GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD

He currency pair builds a Bearish pattern today despite the fact that the tendency is still looking upwards. Yesterday’s growth on news was the last and we took a good decision to avoid trading. We recommend doing nothing today, but expect the currency pair to decline in the next dying hours of this week.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week according to our expectations. We think that AUD/USD is likely to resume its decline in the next couple of days.

USDCHF

The currency pair had an expected growth yesterday and shows intentions to establish an upside tendency today. We gave no recommendations on Thursday as there was no clear tendency. The price was far from the MA55 balance line. We think that it is better to do nothing today as the price is still too far from the balance line.

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

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

Gold and Silver Technical Outlook June 16, 2017

GOLD (XAUUSD)

Gold declined yesterday as we had expected and it shows intentions to develop its downside tendency. We think that XAU/USD is likely to form an upside correction for the whole day and we think it is better to do nothing today. Anyway, all precious metals are ready to decline and we think we will have this opportunity to sell and earn the next week.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was developing its upside dynamics last week, but then declined sharply by Friday, establishing a fakey. We think that XAU/USD is likely to develop this downside dynamics in the next couple of days.

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

SILVER (XAGUSD)

Silver established a downside tendency, but the MA-channel looks like being unchanged. You can try short trades from the MA55 balance line area. If there is no opportunity to open those positions, try to sell the next week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a couple of growth attempts but then reversed downwards. We think that XAG/USD is likely to develop its downside dynamics in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 19, 2017

EURUSD

The currency pair executed an expected maneuver and those who risked open long trades, are in profit now. Buy positions from 1,11400 were successful and the price had almost no correction. Risks were low, as we placed stop losses close to the strike price. There was an opportunity to close trades at 1,11850 level. There is not much data this week, but we advise to pay attention to the Federal Open Market Committee and the Bank of England member’s comments. Those speeches are able to influence quotes.

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

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

GBPUSD

The currency pair was trading in a tight range on Friday and changed its tendency from upside to neutral. GBP/USD attempted to go upwards last week, but failed to do it. We think that this may lead to a decline in the nearest future. It is better to do nothing at the moment as there is no clear tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair held its positions last week due to the better than expected UK CPI data and the increased number of hawks in the Bank of England’s Monetary Policy Committee. We think that GBP/USD is likely to decline last week.

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

AUDUSD

The currency pair failed to decline and the upside tendency resumed on Friday. We gave no recommendations, as there was no change in tendency. We think it is time to look for long trades according to the current market tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth frustrating our expectations. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

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

USDCHF

The currency pair corrected towards the MA55 balance line and we think it is time to look for long trades. However, there is enough space for further growth according to the technical analysis. We expect USD/CHF to start its upside tendency in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an expected growth last week. We think it is gong to develop its upside tendency in the next couple of days.

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

Gold and Silver Technical Outlook June 19, 2017

GOLD (XAUUSD)

Gold was trading within a tight range on Friday and moved closer to the MA55 balance line. XAU/USD has intentions to decline during the Asian session and we think it is time to look for short trades from the MA55 balance line. We hope that XAU/USD is going to burst upwards again in order to offer another opportunity to jump into the market.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations. We think Gold is likely to develop its decline in the next couple of days.

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

SILVER (XAGUSD)

Silver failed to reach the MA55 balance line on Friday. However, if you jumped into the market, you had to hold trades until this week. There are possibilities to protect trades by moving stop losses at breakeven level. If you failed to open trades on Friday, we think you will have this opportunity today.

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

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

[Adamant Finance]

Technical Outlook June 20, 2017

EURUSD

The currency pair declined considerably as the United States dollar is gaining strength. The US currency has support from the events, which took place last week. We would like to remind you that the Federal Open Market Committee hiked rates and hinted that the Fed is going to follow their previous plans on the probability of another monetary policy tightening this year. Anyway, this week we advise to pay attention to the FOMC members’ comments. We think that USD is going to develop its growth in the nearest future.

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

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

GBPUSD

The currency pair had a downside burst yesterday, but there was no possibility top open trades according to technical analysis. There is still no tendency and we think it is better avoid trading. However, we think that the currency pair is going to change its tendency tomorrow and there will be opportunities to sell.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading close to the current levels last week because of the UK data and the Bank of England meeting’s results. We think that GBP/USD is likely to decline in the next couple of days.

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

AUDUSD

The currency pair is slowing down its upside tendency by declining. This decline was moderate, but enough to slow down the trend. Short trades according to our recommendations closed by small stop losses. We recommend doing nothing today as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week frustrating our decline expectations. We think that AUD/USD is likely to continue its growth in the next couple of days.

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

USDCHF

The currency pair failed to establish an upside tendency and slowed down its growth yesterday. There was an opportunity to buy, but not from the balance line. This is another tactics and we think it is better to do nothing today as there in no clear trend.

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

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

Gold and Silver Technical Outlook June 20, 2017

GOLD (XAUUSD)

Gold had an upside momentum yesterday and there was an opportunity to open short trades according to our recommendations. You could open positions at 1252/53,00 levels and to take about 900 pips. Now you can try to fix your positions partially or to protect your trades. There is some more space for XAU/USD to decline and we think it is a good idea to hold some of your positions.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations. We think that XAU/USD is likely to develop its downside dynamics in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades as the downside tendency still has some room to develop.

SILVER (XAGUSD)

Silver failed to reach the MA55 balance line and it was difficult to open trades. If you managed to sell, you could earn about 20 pips. Now you can protect your trades and take some profit. There is some space for further decline and we think it is a good idea to hold your positions.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold your short trades from 16,70 level.

[Adamant Finance]

Technical Outlook June 21, 2017

EURUSD

The currency pair continued to decline as USD still strengthens its positions. The Federal Open Market Committee members confirm their plans to hike Interest Rates at least once this year again. They think that wage growth is going to increase inflation, which is lower than 2% at the moment. We think that USD is going to develop its growth in the nearest future.

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

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

GBPUSD

The currency pair established a downtrend according to our expectations. GBP/USD had significant fluctuations yesterday and is it close to the lower side of the MA-channel at the moment. We think the price is going to start a correction today and it is better to do nothing, as we do not recommend trading contrary to the tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was holding on the current levels last week due to the UK data and the decisions of the Bank of England members. We think that GBP/USD is likely to decline in the next couple of days.

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

AUDUSD

The currency pair is trying to change its current tendency and we think that short trades will be actual in the nearest future. The latest AUD/USD growth was due to the expectations of the monetary policy tightening in Australia.

Reserve Bank of Australia members decided to leave the rate unchanged due to the weak GDP data in the first half of the year. This two weeks growth may end and the correction is to take place. We think there will be some opportunities to open short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week frustrating our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF

The currency pair was trading in a tight range yesterday despite the fact that the other currency pair have strong tendencies. There is no trend currently and we think it is too early to do anything. We recommend doing nothing today until the currency pair chooses any clear direction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some expected growth last week. We think it is going to develop its growth in the next couple of days.

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

Gold and Silver Technical Outlook June 21, 2017

GOLD (XAUUSD)

Gold established new weekly lows. We think that it is time to fix all your positions. There are two probabilities on the way the price either is going to establish new lows or is going to stop declining. We advise you to be cautious, as the dynamics is weak. However, this may be the result of the lack of macroeconomic data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations. We expect Gold to develop its decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades until the price reaches weekly lows.

SILVER (XAGUSD)

Silver follows Gold and we think it is a good decision to fix trades today. The price is either able to establish new weekly lows or to stop its decline earlier.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside dynamics last week according to our expectations. We think it is going to develop its decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold your short trades until the price reaches the weekly lows.

[Adamant Finance]

Technical Outlook June 22, 2017

EURUSD

The currency pair grew towards the MA55 balance line yesterday offering opportunities to sell and then bounced off. The total profit amount was about 200 pips and you could fix your trades partially and move stop losses to breakeven level. If you failed to close your trades before the price crossed the MA55, then they were stopped by stop losses. If you had a chance to fix trades partially or totally, you had a chance to take small profit. There is no trend today and we recommend doing nothing.

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

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

GBPUSD

The currency pair executed a very interesting maneuver offering opportunities to sell. Those trades could bring you about 500pips. However, we gave no recommendations. Those fluctuations are due to the Bank of England’s members comments on the probability of stimulus tightening in the nearest future and the currency pair had some growth after those announcements. However, there is no tendency currently and we think it is better to look for short trades when there will be any opportunities.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. The currency pair was close to the current levels last week because of the UK data and the Bank of England’s meeting results. We think the currency pair is likely to decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line or even higher. Place stop losses at 250pips distance from your positions.

AUDUSD

The currency pair failed to reach the MA55 balance line offering no opportunities to sell. However, the price declined according to our expectations. The currency pair established the downside tendency and you can try short trades, when situation allows.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week frustrating our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF

The currency pair continued to be trading within a limited range despite the fact that the other currency pairs are trading with higher volatility. There is no trend currently and we think it is a good idea to “sit on your hands”. We advise to observe fluctuations looking for trades as there are no opportunities currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an expected growth last week. We think it is going to grow in the next couple of days.

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

Gold and Silver Technical Outlook June 22, 2017

GOLD (XAUUSD)

Gold went downwards towards the weekly lows according to our expectations. There was opportunity to close your trades from 1253,00 at the most profitable points. The price went upwards today as you may see it on the chart and there is no tendency currently. We advise to see whether the tendency has changed or not.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations. We think Gold is likely to develop its downside tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver offered opportunity to fix trades close to the weekly lows. There is no tendency currently and we think it is a good idea to do nothing today. 

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver showed downside dynamics last week according to our expectations. We think it is going to develop its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 23, 2017

EURUSD

The currency pair continued to be trading within a limited range. The lack of statistics and events this week prevents the currency pair from developing any tendency. There are several releases today including Euro zone and US PMI’s. We hope this statistics is able to give some volatility to fluctuations.

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

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

GBPUSD

The currency pair offered an opportunity to open short trades from 1,26750-1,26800. There was almost no further decline, but the price was in the profit area for 200pips. It was enough to protect your positions by moving stop losses at breakeven level. There is no important data from the United Kingdom today and we advise to pay attention to the US data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading at current levels last week because of the UK data and events. We think that GBP/USD is likely to decline in the next couple of days.

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

AUDUSD

The currency pair failed to reach the MA55 balance line again, offering no opportunities to open short trades. However, AUD/USD continued to decline according to our expectations without establishing new lows. We think that this situation clearly indicates on the probability of the tendency to reverse. This is likely to happen today.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. The currency pair developed its growth last week frustrating our expectations. We think that AUD/USD is likely to continue its growth in the next couple of days.

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

USDCHF

The currency pair continued to be trading within a limited range with some downside bias. There is the downtrend currently, but is it still too weak and we advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an expected growth last week. WE think it is going to develop its upside tendency in the next couple of days.

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

Gold and Silver Technical Outlook June 23, 2017

GOLD (XAUUSD)

Gold has changed already its tendency. However, this situation looks like it is a correction to a downside tendency. There is no clear uptrend on the chart. We think that Gold is likely to develop its decline today. Anyway, we recommend doing nothing today as there is no clear tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its downside dynamics last week according to our expectations. We think XAU/USD is likely to develop the downside tendency in the next couple of days.

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

SILVER (XAGUSD)

There is the downtrend on the Weekly chart as the [price is below the MA55 balance line. Silver had a downside tendency last week according to our expectations. We think it is going to develop its decline in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 26, 2017

EURUSD

The currency pair had some moderate growth on Friday as some Federal Open Market Committee members have doubts that it is a good time to continue hiking Interest Rates. Some FOMC members believe that it is better to wait and postpone further monetary policy tightening. However, those opinions may change as they are influenced by the US economic data, which is supposed to be better in the next following months. As for the Euro zone, we advise to pay attention to the CPI data, which is expected to be worse than the previous meaning. Those expectations may push the currency pair downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations, but then EUR/USD gained back its positions. We think that the currency pair is likely to decline in the next couple of days.

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

GBPUSD

The currency pair was trading within a limited range on Friday after some growth during the Asian session. There is an upside tendency at the moment, but we have doubts that this trend has some room to develop. We give no recommendations today and prefer to do nothing, as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations, but then gained back its positions by Friday’s night. We think that GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD

The currency pair reversed on Friday, but there is still no tendency on the chart. AUD/USD is trying to grow as the market participants expect the Reserve Bank of Australia to hike rate in the nearest future. This could happen even during the latest RBA meeting, but some data prevented the Reserve Bank of Australia from doing this step. We think that AUD/USD is likely to develop its growth in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction last week frustrating our growth expectations. We think that AUD/USD is likely to grow in the next couple of days.

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

USDCHF

The currency pair declined establishing a downside tendency. However, this trend slows down and we think there is a probability of a reverse. We recommend monitoring the price fluctuations today and doing nothing. We expect the currency pair to grow in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair frustrated our growth expectations. We think it is going to grow in the next couple of days.

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

Gold and Silver Technical Outlook June 26, 2017

GOLD (XAUUSD)

Gold continued its growth on Friday. However, there is the trend line on the way and we think Gold is likely to bounce off it. We advise to monitor the situation today. However, we think it is time to look for short trades from the trend line with stop losses above this indicator.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its downside dynamics last week according to our expectations. However, XAU/USD gained back its positions by the end of the week. We think Gold is likely to resume its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open short trades from the trend line. Place stop losses above the indicator. Those trades are of high risks.

SILVER (XAGUSD)

Silver is approaching the trend line and we think it is going to bounce off it. We think it is better to do nothing today as Silver has less chances to give profit in this situation. However, we advise to monitor Silver’s fluctuations close to the trend line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside dynamics last week according to our expectations, but the price went back by Friday. We think that XAG/USD is likely to resume its decline in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 27, 2017

EURUSD

The currency pair established new highs and then returned to its previous positions. There was a classic fakey, executed by EUR/USD. Our expectations come true as the currency pair is likely to change its direction. There is still the uptrend, but EUR/USD is able to reverse today if the price is going to develop its decline below the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations, but then went upwards by the end of the week. We think EUR/USD is likely to develop its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open short trades from 1,2000. Place stop losses at 1,2150. Pay attention to the fact that this trade is of high risk as you are going to open positions in the opposite direction of the current market tendency.

GBPUSD

The currency pair shows intentions to cross 1,27100 level. If it happens, GBP/USD will change its tendency finally. You can try short trades with small volumes today as there is a high probability of this trend to change. However, remember that you are going to open positions into the opposite direction of the current tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations, but then went back by the end of the week. We think GBP/USD is likely to resume its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open short trades from 1,27200/300. Place stop losses at 1,27500. Those trades are of high risks.

AUDUSD

The currency pair is in the uptrend at the moment and we think it is good time for long trades. It has established new highs during the Asian session. If there is any opportunity, we advise to open trades from the MA55 balance line aiming 0,76200/300 area.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a downside correction last week frustrating our growth expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF

The currency pair tries to reverse its current tendency but it is still in neutral position. You can try long trades but they will be risky. If there is an opportunity, buy from the MA55 balance line. It is better to open trades before the American session.

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

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

Gold and Silver Technical Outlook June 27, 2017

GOLD (XAUUSD)

Gold declined considerably yesterday as there was a mistake, which provoked a short term downside tendency. However, we think that XAU/USD was likely to decline anyway from higher levels. There is the downtrend currently and we think it is a good idea to look for short trades from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its downside dynamics last week according to our expectations, but then went back in the upper direction. We think Gold is likely to develop its decline in the next couple of days.

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

SILVER (XAGUSD)

Silver declined yesterday following Gold. However, there is still no change in tendency. You can try short trades but those positions will be risky as there is no new trend established.

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

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

[Adamant Finance]

Technical Outlook June 28, 2017

EURUSD

The currency pair had a sharp growth yesterday after the European Central Bank Head’s comments that were unexpected for the market participants. Mario Draghi said that the ECB is going to cut stimulus step-by-step as the economic situation in the Euro zone becomes better. Market participants expect the European Central Bank to announce future monetary policy tightening in September or October. Those news lead to a considerable EUR/USD growth. As for short trades, they were closed by small stop losses. We have noticed yesterday that it was risky to sell.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair decline last week according to our expectations, but gained back its positions by the end of the last week. We think that EUR/USD is likely to develop its decline in the next couple of days.

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

GBPUSD

The currency pair was influenced by the falling USD after the ECB Head’s comments yesterday. Risky short trades were closed by small stop losses. We think that GBP/USD is likely to develop its growth today as USD continues to decline. The currency pair failed to break through 1,27100 level and the upside tendency resumed.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations, but then went back by the end of Friday. We think GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD

The currency pair offered opportunity to open trades from the MA55 balance line by the end of the American Session. We do not recommend trading in those conditions, but if you opened positions, you may fix your profit partially and to place stop losses at breakeven level.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction last week frustrating our growth expectations. We think it is going to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to hold long trades from the MA55 balance line aiming 0,76200.

USDCHF

The currency pair declined sharply after the ECB president’s comments on the probabilities of future monetary policy tightening. Risky long trades closed by small stop losses. The currency pair is now close to the lower side of the MA-channel and we give no recommendations today.

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

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

Gold and Silver Technical Outlook June 28, 2017

GOLD (XAUUSD)

Gold had some growth on Tuesday because of USD’s decline after Mario Draghi comments on future monetary policy tightening. ECB Head said that his organization is going to cut stimulus while there will be clear signs of economic situation improvement. Market participants expect the ECB to announce next cut step during their September or October meetings. Short trades closed with small stop losses. We think it is time to look for short trades from the trend line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations, but then went upwards by the end of the week. We think Gold is likely to resume its downside dynamics in the next couple of days.

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

SILVER (XAGUSD)

Silver offered opportunities to sell according to our recommendations, but those trades closed by small stop losses. XAG/USD broke through the trend line on the Hourly chart. Silver is likely to continue its growth but this situation is disputable.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside dynamics last week according to our expectations, but then it reversed by Friday. We think XAG/USD is likely to resume its decline in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 29, 2017

EURUSD

The currency pair continued its growth yesterday after the Bank of England Head’s comments on the probability of the monetary policy tightening. We would like to remind you that previously the Head of the European Central Bank had also announced the probability of the monetary policy tightening. Market participants increased their activity and we expect for new trends.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations but then it moved upwards by Friday. We think that EUR/USD is likely to develop its decline in the next couple of days.

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

GBPUSD

The currency pair failed to offer trading opportunities as the price did not approach the MA55 balance line, resuming the sharp growth. The Head of the Bank of England announced yesterday the probability of the monetary policy tightening. It is to mention that previously the BoA head had opposite rhetoric. Market participants enjoyed those news by pushing EUR/USD and GBP/USD higher.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined according to our expectations last week, but then moved upwards by Friday. We think that GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD

AUD/USD closed long trades at breakeven level. The currency pair declined towards the MA55 balance line. We gave no recommendations as there was some opened trades already. However, there is still the uptrend and this tendency accelerates. We think it is time to look for long trades again.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a downside correction last week frustrating our growth expectations. We think AUD/USD is likely to resume its growth in the next couple of days.

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

USDCHF

The currency pair was trading almost without changes yesterday, but there was some bursts on the Bank of England’s Head comments. USD/CHF continued to decline during the Asian session towards the new lows of the week. European currencies are on demand after the central bank announcements.

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

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

Gold and Silver Technical Outlook June 29, 2017

GOLD (XAUUSD)

Gold failed to reach the trend line on the Hourly chart offering no trading opportunities. It is to mention, that XAU/USD was close to the trend line. If you had an opportunity to open trades, you could have some small profit.

European central banks still surprising markets as the Head of the Bank of England announced the probability of the monetary policy tightening right after the same announcement from the Head of the ECB. Those comments gave support to precious metals. We still wait for XAU/USD to bounce off the trend line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its downside dynamics last week according to our expectations, but then Gold returned to its previous positions by Friday. We think this precious metal is going to resume its downside dynamics in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short trades from the trend line. Place stop losses above this line. The trades are of high risks.

SILVER (XAGUSD)

Silver is growing as the trend line was crossed. Precious metals are still no so active in their upside tendencies regardless all the events. We think that Silver is likely to decline in the nearest future. The price is likely to grow towards 17,00 today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations but then moved upwards by Friday. We think XAG/USD is likely to develop its decline in the next couple of days.

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

[Adamant Finance]

Technical Outlook June 30, 2017

EURUSD

The currency pair is unfortunately still moving in the same direction not allowing us to open any trades as this tendency is too strong without a single correction. There is important Eurozone inflation data today, which is able to push EUR/USD lower. However, the recent Draghi’s speech provoked a strong upside tendency which is still actual.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations but then it moved higher by Friday. We think EUR/USD is likely to resume its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to avoid trading today as the price is way far from the MA55 balance line.

GBPUSD

The currency pair is still in a strong upside tendency after the Bank of England Head’s speech. We expected GBP/USD to resume its decline in the beginning of this week but latest central bank head’s comments reversed the price upwards. Those tendencies are too strong and it is impossible to open trades according to our tactics.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations but then moved upwards by Friday. We think GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD

The currency pair failed to offer any opportunity to open long trades as the tendency was getting stronger yesterday and the price was far from the MA55 balance line. We thought that AUD/USD was going to have a moderate growth this week. However, after the ECB and the BOA Head’s speeches, the currency pair accelerated its growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a downside correction last week frustrating our growth expectations. We think that AUD/USD is likely to resume its growth in the next couple of days.

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

USDCHF

The currency pair continued its moderate decline after the heads of central banks comments. There was an opportunity to open short trades from the MA55 balance line and you had a chance to take about 300-400 pips. The currency pair is likely to decline today allowing to sell but we would like to tell that there is a probability of a correction by the end of the week.

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

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

Gold and Silver Technical Outlook June 30, 2017

GOLD (XAUUSD)

Gold bounced off the trend line on the Hourly chart allowing us to sell from there. You could have some great profit, if you managed to enter the market. We think that this is not the end yet and this downside tendency is likely to develop. You can hold your short trades and to try finding other from the MA55 balance line. Those new trades would be of high risks as there is no clear tendency yet.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued it downside dynamics last week according to our expectations but then moved upwards by Friday. We think that Gold is likely to resume its downside dynamics in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the Ma55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)

Silver declined yesterday and there was an opportunity to open long trades according to our recommendations. However, later those trades closed by stop losses. The price is trying to reverse, but there is still no tendency. We give no recommendations today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside tendency last week according to our expectations, but then the price went upwards by Friday. We think that Silver is likely to resume its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook July 3, 2017

EURUSD

The currency pair started its downside correction on Friday and we think it is likely to develop this dynamics in the beginning of this week as there are holidays in the United States tomorrow (The Independence Day). As for Wednesday, there are important US Federal Open Market Committee meeting minutes to be released and the market situation is likely to change. However, the key event of the week is expected on Friday as the US Labor Market data is going to be released this day. The currency pair declined on Friday allowing to open long trades according to the current tendency. We think that EUR/USD is going to decline today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Our downside tendency expectations were frustrated because of the unexpected comments from Mario Draghi. We think that EUR/USD is likely to resume its growth after some correction.

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

GBPUSD

The currency pair declined towards the MA55 balance line on Friday and bounced off it sharply, moving higher for 700pips. There was an opportunity to open long trades. However, GBP/USD is unable to establish new highs and we think it is going to decline today. The tend still looks upwards and it is better to monitor the situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week because of the Head of BoE comments on the probability of monetary policy tightening in the nearest future. We think that GBP/USD is likely to resume its growth in the next couple of days after a correction.

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

AUDUSD

The currency pair approached the MA55 balance line offering opportunities to buy, but the price is trying to establish a correction, which may push AUD/USD even lower. This is the main reason why we advise to avoid trading today. However, the tendency looks upwards and there will be opportunities as far as AUD/USD ends its correction.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week and even moved higher that we thought. We think that AUD/USD is likely to develop its growth in the next couple of days after a correction.

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

USDCHF

The currency pair allowed selling but there was no further decline. However, the price was in the profit area and it was enough to protect your trades. There is no tendency currently and we think it is able to reverse upwards 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 failed to execute an expected growth. We think USD/CHF is going to decline in the next couple of days.

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

Gold and Silver Technical Outlook July 3, 2017

GOLD (XAUUSD)

Gold continued to decline and if you had short trades, you could reach some new profit highs. Precious metals decline is able to continue and we think you can hold your short trades or to look for new ones from the MA55 balance line. There is the downtrend currently and we think it is time to look for short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its downside dynamics in the next couple of days.

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

SILVER (XAGUSD)

Silver approached the broken through trend line on Friday on the Hourly chart and bounced off it. There is the downtrend currently and we think that the price is likely to cross the trend line on the Weekly chart.

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

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

[Adamant Finance]

Technical Outlook July 4, 2017

EURUSD

The currency pair declined yesterday according to our expectations and changed its tendency. We think that EUR/USD is going to develop its downside trend today and it is good time to look for short trades. Yesterday’s Eurozone data was mixed and gave no support to the currency pair. There is a holiday in the United States today and trading volumes are expected to be low.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. European Central Bank Head’s comments last week supported the currency pair and EUR/USD had some aggressive growth frustrating our decline expectations. We think that EUR/USD is likely to develop its growth after some correction in the next couple of days.

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

GBPUSD

The currency pair changed its tendency according to our expectations. We think it is good time to look for short trades. Yesterday’s UK data was weaker than expected and this data pushes the currency pair downwards. There is much space for the currency pair to decline and we think there are opportunities today to open trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week because of the Bank of England Head’s comments on the probabilities of monetary policy tightening. We think that GBP/USD is likely to resume its growth after a correction in the next couple of days.

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

AUDUSD

The currency pair continued to create its correction pattern and reversed the tendency downwards. You can try opening short trades but there I one issue to pay attention to. There is important Reserve Bank of Australia meeting today which may offer some surprises such as the unexpected Interest Rates hike or comments on the probability of the Interest Rates hike in the nearest future. If this happens, there will be no reason for selling AUD/USD.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some growth last week and even overcame all our expectations. We think that AUD/USD is likely to develop its growth after a correction in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line, but after the release of the results of the Reserve Bank of Australia Meeting.

USDCHF

The currency pair did an expected growth and reversed its tendency yesterday. It is time to look for long trades. The price is currently far from the MA55 balance line but we think the price is going to reach this indicator today. Nothing can interfere this scenario according to our opinion.

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

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

Gold and Silver Technical Outlook July 4, 2017

GOLD (XAUUSD)

Gold reached its lowest lows for this week and if you have short trades, we advise to close them. There was no opportunity to open new short trades as the price failed to approach to the MA55 balance line. There is a holiday in the United States and the trading volumes are lower than usually.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price’s dynamics was according to our expectations. We think that Gold is likely to develop its moderate dynamics in the next couple of days.

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

SILVER (XAGUSD)

Silver crossed the trend line on the Weekly chart. We have a pattern that proves that this breakout is not fake. There was no opportunity to sell yesterday, as the price did not reach the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Siler was trading according to our expectations last week. We think that Silver is likely to develop its downside dynamics last 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 avoid trading today as the price is close to the lower side of the MA-channel.

[Adamant Finance]

Technical Outlook July 5, 2017

EURUSD

The currency pair failed to reach the MA55 balance line offering no opportunities to sell. However, EUR/USD is fluctuating towards the MA55 balance line today. There is the downtrend currently and we advise to look for short trades. There is important Eurozone data today (Services PMI and retail Sales). However, those releases are unlikely to change the situation. We advise to pay attention to today’s Federal Open Market Committee meeting minutes, which is to be released during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline frustrating our expectations after the European Central Bank head’s comments. We think that EUR/USD is likely to grow in the next couple of days after a correction.

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

GBPUSD

The currency pair continued to decline yesterday but the price is close to the MA55 balance line. There is important UK Service PMI data today and market participants are expecting this statistics to be worse than previous meaning. There is still some potential for the currency pair to decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week after the Head of Bank of England comments on future monetary policy tightening. We think that GBP/USD is likely to develop its growth after a correction.

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

AUDUSD

The currency pair declined sharply after yesterday’s Reserve Bank of Australia meeting results as this governmental body has neutral position frustrating market expectations. There was no opportunity to open short trades as the price offered no chance to do it. If you opened any position, you could have some profit. The currency pair is moving towards the MA55 balance line and we think there will be opportunities to trade.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF

The currency pair offered no opportunities to open long trades according to our recommendations yesterday. The price declined towards the MA55 balance line today. We advise to open long trades from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week. We think USD/CHF is going to develop its decline in the next couple of days after a correction.

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

Gold and Silver Technical Outlook July 5, 2017

GOLD (XAUUSD)

Gold was in correction yesterday as there was low volumes because of the US holidays. The upside correction accelerated during the Asian session today and the price approaches the Ma55 balance line allowing to open short trades. We advise to pay attention to the US Federal Open Market Committee meeting minutes release today. Market participants are expecting FOMC members to make hints on the probability of further monetary policy tightening.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was trading according to our expectations last week. WE think that XAU/USD is likely develop its moderate decline in the next couple of days.

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

SILVER (XAGUSD)

Silver moves towards the MA55 balance line. We think that XAG/USD is going to reach this line today and there will be opportunities to trade. We expect the breakout of the trend line on the Weekly chart to be true.

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

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