Adamant Finance Posted August 7, 2017 Author Report Share Posted August 7, 2017 Technical Outlook August 7, 2017 EURUSD The currency pair declined sharply on Friday after the US Labor Market and Average Hourly Earnings data. All those figures were better than expected and truly impressed market participants. The US Non-Farm Employment Change rose over 200 000, Unemployment Rate decreased and the Average Hourly Earnings data showed some impressive growth. Market participants changed their minds after those releases and they think that the Fed is likely to hike Interest Rates again this year. EUR/USD changed its current tendency and we think it is better to look for short trades from the MA55 balance line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and continued to grow. We think that EUR/USD is likely to decline after Friday’s US Labor Market and Average Hourly Earnings data. 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 continues to decline for the second day in a row as there are many reasons for it. First, there was no hints on the probability of monetary policy tightening in the United Kingdom. Second, US Labor Market and Average Hourly Earnings data was better than expected. We think that is it better to look for short trades, but the price is far from the MA55 balance line. However, we think it is a good idea to sell from the trend line on the Hourly chart. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to start 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 or from the trend line. Place stop losses above those indicators. AUDUSD The currency pair is close to the MA55 balance line and we can state that there is the downtrend currently. This is a good idea to open short trades here. Friday’s data is favorable for Bears and we think that AUD/USD is likely to develop its downside tendency in the nearest future. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week according to our expectations. WE think that AUD/USD is likely to start its downside 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. Place stop losses above the indicator. USDCHF The currency pair established an upside tendency after Friday’s US Labor Market and Average Hourly Earnings data. We think that is it time to look for long trades from the MA55 balance line as all the other allied currencies are now in a total correlation with USD/CHF. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week according to our expectations. WE think that USD/CHF is likely to develop its growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses below the indicator. Gold and Silver Technical Outlook August 7, 2017 GOLD (XAUUSD) Gold established a downside tendency after the better than expected US Labor Market and Average Hourly Earnings data. It is a good idea to look for short trades today. However, we can see a small correction currently, which prevents us from selling on the spot. We think that this correction is likely to stop here and XAU/USD is going to develop its further decline. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price reversed last week according to our expectations. We think that Gold 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 trend line. Place stop losses above the 1261,0 level. SILVER (XAGUSD) Silver went upwards on Friday and stop losses triggered. However, after the US Labor Market and Hourly Earnings data the price went downwards without us. It is risky to sell today as the price is close to the lower side of the MA-channel. We advise to do nothing. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its decline last week. We think that XAG/USD is likely to develop its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 8, 2017 Author Report Share Posted August 8, 2017 Technical Outlook August 8, 2017 EURUSD The currency pair failed to reach the MA5 balance line on Monday and there was no opportunity to open short trades according to our recommendations. However, EUR/USD is close to this balance line during the Asian session and you may try to sell. USD gave up its positions yesterday after the Federal Open Market Committee members’ comments, in which they underlined their doubts on the probability of inflation growth towards the target levels. There is no important data today and we advise to stick to the technical analysis. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according our expectations last week and developed its growth. We think that EUR/USD is likely to decline in the next couple of days as the US Labor Market and Average Hourly Earnings data was better than expected. 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 sell from the MA55 balance line area. Place stop losses above the indicator. GBPUSD The currency pair offered an opportunity to sell from the trend line on the Hourly chart and the price went downwards for 400pips. It was enough to protect trades and to take some profit. We think that it is a good idea to look for short positions from the MA55 balance line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to start its downside 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. AUDUSD The currency pair offered an opportunity to sell from the MA55 balance line yesterday. The price declined for 350 pips after allowing to protect trades and to take profit partially. If you still have your positions open, we advise to hold them until the price reaches 0,78700 level. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week according to our expectations. WE think that AUD/USD is likely to start a downside 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 sell from the MA55 balance line area. Place stop losses above the indicator. USDCHF The currency pair failed to reach the MA55 balance line and there was no a single chance to buy according to our recommendations. We think that there is such an opportunity today. As for the important data, we advise to pay attention to the Swiss Labor Market statistics, which, however is unlikely to make some noise. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week according to our recommendations. 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 August 8, 2017 GOLD (XAUUSD) Gold offered opportunity to open short trades from the trend line on the Hourly chart and the price went downwards for 2,5USD. There was a chance to protect trades but it was too early to fix positions. Later, those trades were closed as stop losses triggered. We think that it is a good idea to open short trades from the MA55 balance line again. There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD reversed its tendency last week according to our expectations. We think that 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 adivse to sell from the MA55 balance line area. Place stop losses above the indicator. SILVER (XAGUSD) Silver moved to the new lows yesterday and then reversed upwards, going towards the MA55 balance line. We think that it is a good idea to look for short trades from the MA55 balance line or even higher as Silver still has some potential to grow. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its decline last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line or higher. Place stop losses 10 pips above you entering points. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 9, 2017 Author Report Share Posted August 9, 2017 Technical Outlook August 9, 2017 EURUSD The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. If you had placed your stop loss at a comfortable distance, you could have a significant profit as the currency pair reached Friday’s lows. I think EUR/USD is likely to start an upside correction today and tomorrow the currency pair is likely to offer another opportunity to sell from the trend line if nothing happens. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that EUR/USD is likely to decline in the next couple of days after Friday’s US Labor Market and Average Hourly Earnings data. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair reached the MA55 balance line area yesterday and there was opportunities to sell. If you had a chance to open positions, you cold have some serious profit. You can retry to open short trades from the MA55 balance line area today if this opportunity arises. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to start its downside 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. AUDUSD The currency pair offered opportunity to sell from the MA55 balance line yesterday. If your stop loss was enough to hold a correction, you could have serious profit by now (about 400 pips, that price did yesterday). In addition, the currency pair reached 0,78700 level that I have mentioned yesterday as a target one. The price is far from the MA55 balance line today and I think it is better to pause trading for a while. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth according to our expectations. We think that AUD/USD is likely to start its downside 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 avoid trading today as the situation is unclear. USDCHF The currency pair offered opportunities to sell from the MA55 balance line according to our expectations and the price moved for 500pips in the direction of our forecast. It was enough to take profit. USD/CHF declined sharply and is trading with no correlation to the allied currencies. It is better to do nothing in those conditions. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumes its growth last week according to our expectations. We think that USD/CHF is likely to develop its growth in the next couple of days. There is 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 August 9, 2017 GOLD (XAUUSD) There was an opportunity to sell yesterday from the MA55 balance line but stop losses triggered. Gold volatility grew yesterday during the American session after rough speeches, made by US and North Korea leaders. Donald Trump said that the United States are going to respond to all Korean threats. The situation is being seriously aggravated and XAU/USD reacts on it. There is no trend on the Weekly chart and the price is close to the MA55 balance line. The price reversed last week according to our expectations. We think that Gold is likely to develop its moderate downside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver offered opportunity to sell from above the MA55 balance line (from 16,40 level to be exact). The price went downwards for 15pips and you had a chance to protect your trades and even fix them partially. However, later the price went upwards. We advise to do nothing at the moment. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its decline last week according to our expectations. We think that XAG/USD is likely to develop its 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 10, 2017 Author Report Share Posted August 10, 2017 Technical Outlook August 10, 2017 EURUSD The currency pair corrected towards the MA55 balance line and the trend line on the Hourly chart as we had previously forecasted. We think it is a good idea to look for short trades today from those key indicators. We have seen some signs of this downside correction to come to an end and we advise to aim small targets around 300-500pips. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations and developed its growth. We think that EUR/USD is likely to decline in the next couple of days after Friday’s US Labor Market and Average Hourly Earnings data. 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 approached the MA55 balance line and there were opportunities to open short trades according to our recommendations. The price went downwards after for 500pips and you could close your trades, fixing profit. We think that it is a good idea to try selling from the MA55 balance line. However, there are signs of future tendency reverse and we recommend doing nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to develop its downside 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 avoid trading today as the situation is unclear. AUDUSD The currency pair returned towards the MA55 balance line and we think it is time to look for short trades today. However, there are signs of tendency reverse and we think it is better to do nothing today. We give a recommendation with high risks as AUD/USD still has some potential and some space to develop its decline. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think AUD/USD is likely to start its downside 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. This trade is of high risk and we recommend aiming small targets. USDCHF The currency pair developed its decline yesterday as Swiss Frank is used as a shelter. There are tensions between the United States and Northern Korea. We think that is it better doing nothing today as the situation is unclear. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week according to our expectations. We think that USD/CHF is likely to develop its upside tendency in the next couple of days. There is the 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 August 10, 2017 GOLD (XAUUSD) Gold continues to develop its upside tendency as the tension between the United States and Northern Korea grows. There is the uptrend currently. The trend line on the Hourly chart was broken out. The tendency is too strong and the price is far from the MA55 balance line. We give no recommendations in this situation. There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold reversed its local tendency last week according to our expectations. WE think that XAU/USD is likely to develop its moderate decline in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver is building an upside tendency and we think it is time to look for long trades. The price is close to the upper side of the MA-channel and we give no recommendations. It is better to monitor the situation and wait for better signals to open positions. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its downside tendency last week. We think that XAG/USD is likely to continue 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. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 11, 2017 Author Report Share Posted August 11, 2017 Technical Outlook August 11, 2017 EURUSD The currency pair declined yesterday after the Asian session according to our expectations. There was no sense to open trades during the American session as EUR/USD moved downwards for 500 pips during the day. The currency pair is trying to reverse its tendency currently as it has broken through the trend line. The main event for today is the US Inflation data. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and developed its growth. We think that the currency pair is likely to decline in the next couple of days. The main reason for this is the Friday’s US Labor Market and Average Hourly Earnings data. 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 is fluctuating within a tight range currently. We think that it is ready to make a reverse. However, everything will depend on today’s US Inflation data. We expect the US CPI data to be worse than forecasted. USD will be under pressure again in the case. Anyway, it is better to do nothing today as the situation is unclear. There is the uptrend on the Weekly chart as the price is above the MA55 balance line The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to develop its correction 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 approached the MA55 balance line several times but it was difficult to open trades and to take profit. Anyway, if you managed to sell, you could close your trades at breakeven level. The Reserve Bank of Australia member commented the situation today during the Asian session. He said, that the high AUD price is negative for the Australian economic development. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that AUD/USD is likely to start its downside 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 avoid trading today as the situation is unclear. USDCHF The currency pair developed its decline yesterday as the Swiss Franc is on demand because of the tensions between the United States and Nothern Korea. The leader of the Northern Korea announced again his wish to attack Guam island. We advise to do nothing today as the situation is unclear. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that USD/CHF is likely to continue its upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook August 11, 207 GOLD (XAUUSD) Gold continues to go upwards as tensions between the United States and Northern Korea continue to grow. The upside tendency is very strong and the price cannot reach the MA13 level. We give no recommendations. The US Inflation data is likely to influence price fluctuations today. Previous data was disappointing and we think that current figures will not surprise market participants. There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold reversed downwards 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 uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver is close to the upper side of the MA-channel and we give no recommendations in this situation. However, today there is an important release in the United States and we expect XAG/USD to develop its upside tendency. The geopolitical tensions still influence Silver’s fluctuations. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its decline last week according to our expectations. We think that XAG/USD is likely to develop its 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. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 14, 2017 Author Report Share Posted August 14, 2017 Technical Outlook August 14, 2017 EURUSD The currency pair resumed its growth towards the latest highs on Friday after disappointing US CPI data, released on Friday. US is under the pressure at the moment as the US Interest Rates hike expectations decreased. The Federal Open Market Committee member Kashkari said that the Fed can wait with Interest Rates hike until the inflation meets the target levels. We think that the currency pair is likely to develop its growth today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a short term correction last week and then EUR/USD resumed its growth. We think that the asset 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 MA13. Place stop losses below the indicator. The risks for those positions are very high. GBPUSD The currency pair continues to be trading within a limited range but is able to develop a growth this week as it shows some signs of further upside tendency at the moment. There are many important releases in Great Britain this week and we expect the volatility to be high. We advise to avoid trading today as there is no clear tendency. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did a correction last week according to our expectations. This downside move was shorter that we thought. We think that GBP/USD is likely to resume its upside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair started to change its tendency. As for the reasons, AUD/USD has broken out the trend line on the Hourly chart. There is still no upside tendency at the moment, but we think it is going to be established in the nearest future. We recommend buying from the MA55 balance line, but be careful as there is still no clear trend. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days. There is 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 today from the MA55 balance line. Place stop losses below the indicator. USDCHF The currency pair is likely to develop its downside tendency but tensions between the United States and the Northern Korea make the situation unclear. Market participants use Franc and Yen as the shelter and USD/CHF is moving with no correlation as compared to the other major currency pairs. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumed its growth last week according to our expectations. However, the upside tendency was not so strong as we thought. We suppose that USD/CHF is likely to continue its downside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook August 14, 2017 GOLD (XAUUSD) Gold established new highs on Friday after the disappointing US inflation data. WE think that XAU/USD is likely to retreat towards the MA55 balance line today and then to resume its upside tendency. USD is under the pressure at the moment and Gold is able to develop its growth. There are also tensions between the United States and the Northern Korea, which give XAU/USD more support. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD failed to decline last week frustrating our expectations as the tensions between the United States and the Northern Korea grow. We think that XAU/USD is likely to develop its moderate 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 developed its correction on Friday and we think the precious metal is likely to resume its growth from the trend line on the Hourly chart. There are signs of a probable reverse and we think it is time to look for long trades. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to decline last week frustrating our expectations as the tensions between the United States and the Northern Korea grow. We think that Silver is likely to develop its moderate 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 trend line on the Hourly chart. Place stop losses below the indicator. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 15, 2017 Author Report Share Posted August 15, 2017 Technical Outlook August 15, 2017 EURUSD The currency pair had a correction towards the MA55 balance line on Monday and even declined below the indicator. We think that there is a probability of a deeper correction and we expect EUR/USD to develop its decline today. Long trades, which were opened according to our recommendations, closed by small stop losses. The further EUR/USD’s dynamics depends on today’s US Retail sales data. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a short correction last week and then resumed to grow. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair is still within a limited range as the market participants are waiting for the UK CPI data to be released. This event is able to increase volatility and give a direction to the currency pair. We give no recommendations today as there is no clear trend at the moment. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week. However, this decline was less than expected. We think that GBP/USD is likely to resume its upside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair offered an opportunity to open long trades from the MA55 balance line, but stop losses triggered. There is no tendency at the moment and the currency pair is neutral. However, the price is fluctuating in a wide range. We give no recommendations as there is no trend. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to resume its growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair has no correlation with the other majors and we think it is a good idea to wait and to monitor the situation. If the tensions between the United States and the Northern Korea quiet down, there will be opportunities to trade the currency pair. Anyway, the price is close to the MA55 balance line border and it is better to do nothing. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week. But it was not as active as we had expected. We think that USD/CHF 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. Gold and Silver Technical Outlook August 15, 2017 GOLD (XAUUSD) Gold failed to develop its growth yesterday and started a correction, changing its current tendency. Long trades from the MA55 balance line were closed with a stop loss. It is better to look for short trades today, but the price is far from the MA55 balance line. We advise to pay attention to today’s US Retail Sales data, which is able to increase volatility. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decrease last week as there are tensions between the United States and the Northern Korea. We think that XAU/USD is likely to develop its upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses below the indicator. SILVER (XAGUSD) Silver crossed the trend line and there is a probability of a reverse. Long trades, which were opened according to our recommendations, closed with small loss. The MA-channel is reversing as well but it is still neutral. The fact that Silver has broken through the trend line, says that the price is going to reverse anyway. We advise to try to sell after a correction towards the MA55 balance line. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week as the tensions between the United States and the Northern Korea grow. We think XAG/USD is likely to develop its moderate upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 16, 2017 Author Report Share Posted August 16, 2017 Technical Outlook August 16, 2017 EURUSD The currency pair develop is downside tendency yesterday as market participants were waiting for the US Retail Sales data. This statistics has shown the biggest yearly growth and inspired investors, giving support to USD. US Interest Rates hike odds increased up to 53% according to FedWatch Tool. We advise to pay attention to today’s Eurozone GDP data and US building sector statistics. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week and resumed its growth by Friday. We think that EUR/USD is likely to develop its upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair declined sharply after a worse than expected UK CPI data. Inflation growth was even below the forecasts and the market reaction was appropriate. In addition, market participants expected the US Retail data to be better than forecasted. WE give no recommendations as the price is far from the balance line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week, which was smaller than expected. We think that GBP/USD 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. AUDUSD The currency pair changed its direction again and no is going downwards. We think it is a good idea to look for short trades today from the MA55 balance line. Yesterday’s US data supported USD and we think the currency pair is likely to develop its downside tendency. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD 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 area. Place stop losses above the indicator. USDCHF The currency pair stopped its growth yesterday. The other assets were more active. We think that it is a good idea to look for long trades from the MA55 balance line today and if the growth continues, you can take about 500-770 pips. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its decline last week, but it was smaller than expected. We think that USD/CHF is likely to develop its downside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. Gold and Silver Technical Outlook August 16, 2017 GOLD (XAUUSD) Gold failed to reach the MA55 balance line yesterday and developed its downside tendency. There was not a chance to open trades according to our recommendations. The US Retail Sales data favored further XAU/USD decline as this data was better than expected. The situation is rather the same today and we think it is a good idea to look for short trades from the MA55 balance line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week as the tensions between the United States and the Northern Korea continues to grow. We think that Gold is likely to develop its moderate upside dynamics. 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 make a deep correction and there was no opportunity to open short trades according to our recommendations. The price is close to the lower side of the MA-channel and we give no recommendations. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week (as it was expected by us) due to the growth of tensions between the United States and the Northern Korea. We think that XAG/USD is likely to develop its moderate upside tendency. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. WE advise to open short trades from the MA55 balance line area. Place stop losses above the indicator. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 17, 2017 Author Report Share Posted August 17, 2017 Technical Outlook August 17, 2017 EURUSD The currency pair continued its downside yesterday but then had a sharp growth during the American session after the latest Federal Open Market Committee meeting minutes’ release. It says that FOMC members have different views on the probability of further monetary policy decisions. The reason is the lower inflation rate, which does not meet Fed’s expectations. Some Federal Open Market Committee members suggest to wait until the inflation will grow higher. USD was under the pressure after those comments. We think it is a good idea to look for long trades as the trend line was broken through indicating on the tendency reverse. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a brief correction last week and then resumed its growth on Friday, after the US CPI 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 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 is close to the MA55 balance line today and there is an opportunity to sell, but the other currency pairs, which are allied to GBP/USD are changing their tendencies and the “cable†is able to follow them as well. In addition, yesterday’s UK Labor Market data was better than expected and we think it is a good support for the currency pair to resume its growth in the nearest future. We advise to pay attention to today’s UK Retail Sales data. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that GBP/USD is likely to resume its growth in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair offered an opportunity to sell and those trades were closed by stop losses. The currency pair reversed its tendency upwards, but we can not give any recommendations as the price is close to the upper side of the MA-channel. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair offered opportunities to buy from the MA55 balance line and you could have 400pips as profit. It was enough to protect your trades and to fix your positions partially. USD/CHF is changing its tendency today but we can not give any recommendations as the price is close to the lower side of the MA-channel. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week but it was not as significant, as we had expected. 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 avoid trading today as the situation is unclear. Gold and Silver Technical Outlook August 17, 2017 GOLD (XAUUSD) Gold failed to reach the MA55 balance line yesterday before the Federal Open Market Committee meeting minutes release. After the event, there was no sense to open trades as USD was under the pressure. FOMC members have different views on the probability of further Interest Rates hike. Some of them suggest to wait more in order to see the inflation is truly speeds up. We think it is better to look for long trades when there is a clear upside tendency. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week as the tensions between the United States and the Northern Korea are growing. We think that the price is able to develop an 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. SILVER (XAGUSD) Silver reversed its tendency sharply and the price is close to the upper side of the MA-channel at the moment. We give no recommendations in this situation. The FOMC meeting minutes changed market participants’ moods. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week. We think that XAG/USD is likely to develop its moderate 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.  Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 18, 2017 Author Report Share Posted August 18, 2017 Technical Outlook August 18, 2017 EURUSD The currency pair declined sharply after yesterday’s European Central Bank meeting minutes release as the ECB members are worried about EUR growth, which is able to prevent further Eurozone economic restore, as it is fragile now. Market participants were too active to sell EUR/USD. There was an opportunity to open short trades according to our recommendations. Those positions were closed by stop losses. We advise to avoid trading today as the situation is unclear. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a short term correction last week and then resumed its growth. We think that EUR/USD is likely to develop its upside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair continued to be trading within a tight range yesterday without any clear direction. US Retail Sales data was better than forecasted and GBP/USD had an opportunity to go upwards, but it did not happened. There is no tendency at the moment and it is better to do nothing. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week, but it was not as deep as we had previously expected. We think that GBP/USD is likely to resume its growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair went towards the MA55 balance line and we think it is a good idea to look for long trades today. The price jumped off the trend line and it is a good sign for AUD/USD to resume its growth. We advise to have close targets as it is Friday. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that GBP/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 close to 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 bounced off the MA55 balance line yesterday and there was an opportunity to sell from there, but we gave no recommendations. USD/CHF is close to the lower side of the MA-channel today, but we still can not give any recommendations. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF resumed its growth last week. However, this upside tendency was not as deep as we expected. 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 avoid trading today as the situation is unclear. Gold and Silver Technical Outlook August 18, 2017 GOLD (XAUUSD) Gold established an upside tendency and we think it is a good idea to look for long trades from the MA55 balance line today, if the price reaches those levels. ECB members are worried about the EUR growth, which may prevent further Eurozone economic restore. This fact supported USD pushing EUR downwards. Gold was trading in a tight range. We think that XAU/USD is likely to develop its growth and we advise to try long trades. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline last week as the tensions between the United States and the Northern Korea continue to grow. We think that the price is able to continue its moderate 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 MA13 or MA55 balance line. Place stop losses below the indicators. SILVER (XAGUSD) There are opportunities to open lone trades as Silver is in the uptrend at the moment. The price is close to the MA55 balance line and you can buy now. There are no signs of decline for XAG/USD. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week as tensions between the Northern Korea and the United States are growing. We think that Silver is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 21, 2017 Author Report Share Posted August 21, 2017 Technical Outlook August 21, 2017 EURUSD The currency pair continues to fluctuate without any clear tendency. As for the Hourly chart, we see that there is a downside tendency as there is a trend line there and this line still holds the price. If we stick to this scenario, there is a probability of a deeper correction in the nearest future. Anyway, we advise to do nothing today as the situation is unclear. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think that EUR/USD is likely to develop its correction 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 continued to fluctuate in a small range as it did it last week. We think that GBP/USD is likely to develop its correction in the nearest future. There is no tendency at the moment and we advise to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week and we think it is going to develop its downside correction. GBP/USD is likely to develop its downside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair went back towards the MA55 balance line. And there was an opportunity to open long trades from this indicator on Friday according to our recommendations. The price was in the profit area and you could take about 500 pips or protect your trades there. As we wrote on Friday, targets should be small. There is no trend currently and we advise to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that AUD/USD is likely to develop its downside correction 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 had some significant growth on Friday and there is no tendency at the moment. We think that USD/CHF is likely to develop its upside tendency in the nearest future. We advise to do nothing today as there is no trend. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week, but it was not as significant as we had expected. 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 August 21, 2017 GOLD (XAUUSD) Gold offered an opportunity to open long trades from the MA13 according to our recommendations on Friday during the Asian session. The price was in the profit are, allowing to take about 13USD. XAU/USD declined then and we think that the precious metal is likely to change its tendency in the nearest future. We think it is a good idea to do nothing today as the situation is unclear. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations and develop a downside correction. We think that XAU/USD is likely to continue its downside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver reached the MA55 balance line on Friday during the American session and there was an opportunity to open long trades according to our recommendations. The price was in the profit are and you could take 15 pips as profit. It was also enough to protect your trades. There is no tendency at the moment and 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 failed to grow last week frustrating our expectations as the precious metal started its correction. We think that XAG/USD is likely to develop its downside correction 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. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 22, 2017 Author Report Share Posted August 22, 2017 Technical Outlook August 22, 2017 EURUSD The currency pair established an upside tendency and has broken through the trend line on the Hourly chart. We think that EUR/USD is likely to make a correction today and decline towards the MA55 balance line. There you can open long trades. As for the important data, we advise to pay attention to the German ZEW Economic Sentiment release, which is able to increase volatility. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopper its growth last week and declined moderately, frustrating our expectations. We think that EUR/USD is likely to develop its downside correction 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 is still trading within a small range without any clear direction. If we look at the Weekly chart, GBP/USD is likely to decline and then to resume its growth. However, we would like to see any signs of further fluctuations on the Hourly chart. We advise to do nothing today as the situation is unclear and there is no tendency. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week, showing signs of further downside correction. 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair tries to go upwards establishing new highs on the Hourly chart. However, those attempts are weak and there is no tendency at the moment. We think that today AUD/USD is likely to decline moderately. As for the current tendency, there is no trend and we advise to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that the currency pair is likely to develop its downside correction 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 had some volatility growth yesterday, but there is still no tendency. We advise to do nothing today as the trend is neutral. We think that USD/CHF is likely to choose any direction in the nearest future. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week, but it was not as significant, as we had expected. We think that the currency pair 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 August 22, 2017 GOLD (XAUUSD) Gold is still looking upwards but the price has difficulties to grow. This may lead to no trend situation or even reverse a tendency. Geopolitical tensions between the Northern Korea and the United States declined and they have still no influence on fluctuations. We advise to do nothing today as the situation is unclear. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold Failed to decline last week frustrating our expectations and started a correction. We think that XAU/USD is likely to develop its downside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver was trading in a tight range yesterday. There are no important releases today and we think that it is better to stick to the technical analysis. There is no tendency currently and we advise to do nothing today as the situation is unclear. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. Precious metal started its downside correction. WE think that XAG/USD is likely to develop its downside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 23, 2017 Author Report Share Posted August 23, 2017 Technical Outlook August 23, 2017 EURUSD The currency pair is trading with no tendency at the moment. EUR/USD declined sharply yesterday after the worse than expected German ZEW Economic Sentiment data. If you opened Long trades from the MA55 balance line, they should be closed with a small loss. This week is very hard for trading as currencies are moving in both directions and market participants seem to have no idea what will be next. There is important Eurozone and US PMI data today, which may have significant impact on fluctuations. We see no tendency at the moment and we think it is a good idea to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think EUR/USD is likely to develop its downside correction 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 reached new Weekly lows but this decline was moderate. GBP/USD may restore its positions. There is the downtrend currently but we have doubts that the currency pair is likely to develop its decline in the nearest future. However, we think that it is a good idea to try short trades with close targets. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week frustrating our expectations. It started to develop a downside correction instead. We think that GBP/USD is likely to decline moderately 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 declined moderately according to our expectations. AUD/USD is fluctuating within a range, formed last Thursday. We think that the currency pair is likely to develop its decline. However, there is a probability of a growth as well within this range. It is better to do nothing today as the situation is unclear. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that AUD/USD is likely to develop its downside correction is the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair established an upside tendency but we don’t think it is able to develop this trend in the nearest future. There is no clear USD tendency yet and there is a probability that the price is going to regain its previous positions. 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. The currency pair resumed its growth last week. However, this upside tendency was weaker than expected. We think that 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 August 23, 2017 GOLD (XAUUSD) Gold changed its tendency on neutral according to our expectations. The price is likely to break through 1282,00 level targeting 1274. This scenario is likely to be developed this week even. We think that there is an opportunity to open short trades today. But those positions are risky. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations. XAU/USD started a correction instead. We think that Gold is likely to develop a downside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator. Those trades are risky. SILVER (XAGUSD) Silver still trading within a tight range. We have told yesterday that due to the lack of important date, there was no significant moves on Tuesday. There is no trend currently and it is better to avoid doing anything today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. XAG/USD started a correction instead. We think that XAG/USD is likely to develop its downside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 24, 2017 Author Report Share Posted August 24, 2017 Technical Outlook August 24, 2017 EURUSD The currency pair had some growth yesterday within a previously established range. Al the currencies have moderate fluctuations this week on the eve of the Jackson Hole symposium, which takes place on Thursday and Friday. We expected al the majors to increase their volatility today in case if participants of the symposium are going to make any significant statements. Mario Draghi is likely to give comments in order to push EUR downwards. Anyway, it is better to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think that EUR/USD is likely to develop its downside correction 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 continued its moderate decline towards new Weekly lows. There was no opportunity to sell as GBP/USD failed to reach the MA55 balance line. We think that the currency pair is able to have almost no reaction to the Jackson Hole symposium event. However, in case if there are any important statements concerning USD, GBP/USD is likely to increase volatility. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week and we think it is going to start a downside correction. GBP/USD is likely to decline moderately 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 develops its range fluctuations. We think that the market participants are waiting for some sensational announcements from the central bank heads during the Jackson Hole symposium. The current pattern indicates on the probability to break through 0,7880 level. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that AUD/USD is likely to develop its downside 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 avoid trading today as the situation is unclear. USDCHF The currency pair was unable to resume its upside tendency and is trading with no clear direction currently according to our expectations. The currency pair’s fluctuations are likely to depend on statements, that may be done during the Jackson Hole symposium event. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that 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 August 24, 2017 GOLD (XAUUSD) Gold avoided to test 1282 level and short trades from the MA55 balance line were closed by stop loss. Those trades were risky as we had mentioned it previously. The price is fluctuating within a tight range as the market participants are looking forward to hear something from the European Central Bank or Federal Reserve head’s heads as they take part in the Jackson Hole symposium today and tomorrow. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations and started a downside correction. 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) Silver is trading within a tight range. We give no recommendations in this situation. We think that there is a probability of significant and important statements during the Jackson Hole symposium today and tomorrow, which may have impact on fluctuations. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. XAG/USD started a correction. We think that Silver is likely to develop a 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. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 25, 2017 Author Report Share Posted August 25, 2017 Technical Outlook August 25, 2017 EURUSD The currency pair continued to be trading within Monday’s range as the market participants are looking forward to hear something new from the European Central Bank Head Mario Draghi, who is going to pronounce his speech today within the framework of Jackson Hole symposium, which started yesterday. Two Federal Open Market Committee members did some comments yesterday already, but investors are waiting for Janet Yellen to speak. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think that EUR/USD is likely to develop its downside correction 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 sopped its downside tendency as the market participants are looking forward to hear something on the future of monetary policy decisions. We would like to remind you, that Jackson ole symposium has started yesterday and investors are paying attention to the event. Yesterday’s UK GDP data met the expectations and had almost no impact on fluctuations. Today, market participants are going to pay attention to the central banks heads’ speeches. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week and we think GBP/USD is likely to start a downside correction. The currency pair is likely to develop its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair had a sharp decline yesterday and changed the break through level. The Jackson Hole symposium has started already, but the central banks heads’ are going to comment today. There is a significant tension on the Forex market and we think that the following fluctuations may be strong and volatile. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair moved upwards last week according to our expectations. We think that AUD/USD is likely to develop its downside 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 avoid trading today as the situation is unclear. USDCHF The currency pair was trading with low volatility as there were no significant comments during Jackson Hole symposium, which started yesterday. This event stretches until Sunday and we think there is a probability of sharp moves even when it ends on Monday. However, today we advise to pay attention to Yellen speech as it may have significant impact on fluctuations and investors’ expectations. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumed its growth last week. However, it was not as significant, as we had expected. 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 August 25, 2017 GOLD (XAUUSD) Gold developed its range fluctuations as market participants are looking forward to hear something interesting from the central banks heads during the Jackson Hole symposium, which started yesterday. There were still no significant comments yesterday and investors are waiting for Janet Yellen to say something about future FOMC decisions. We think that during her speech, the volatility is likely to grow. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations. Precious metal started its downside correction instead. We think that XAU/USD is likely to develop its downside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver is still trading within a tight range as there were no significant comments from the central bank members yet. Today Janet Yellen is going to make her comments and we think the situation is likely to change. We expect the volatility to increase. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. XAG/USD started a correction instead. We think that Silver 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. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 28, 2017 Author Report Share Posted August 28, 2017 Technical Outlook August 28, 2017 EURUSD The currency pair went upwards sharply right after the European Central Bank head Mario Draghi speech. The ECB representative avoided to talk about the future prospective of the monetary policy, but market participants decided to push EUR/USD higher. Some Federal Open Market Committee members announced that the FED is ready to postpone rates hike in case if situation allows. Those dovish comments may have impact on USD. We think that the currency pair is likely to start a downside correction today after Friday’s growth. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week and had a sharp growth on Friday. We think that EUR/USD is likely to develop its upside tendency in the next couple of days. There I 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 has chosen upside tendency on Friday after the European Central Bank and the Federal Open Market Committee heads’ comments. Both Draghi and Yellen avoided to indicate the exact dates of further monetary policy tightening. Moreover, they have made no hints on their future plans. However, some FOMC members underlined that they are ready to vote for the current monetary policy to remain unchanged if the US economic shows no sign of improvement in the next couple of months. Market participants went short on USD. We think that GBP/USD is likely to start a downside correction today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week according to our expectations but had a sharp growth on Friday. We think that GBP/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. AUDUSD The currency pair had almost no reaction on Jackson Hole symposium event. Our sharp upside momentum expectations failed to meet the reality. However, the currency pair is ready to develop its upside tendency. We think that it is a good idea to open long trades from the MA55 balance line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair declined considerable as EUR continues to grow. We can see a clear downside tendency but the currency pair is close to the lower side of the MA-channel and it is better to do nothing today. We think that USD/CHF is likely to start a correction towards the trend line on the Hourly chart. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a range last week and declined on Friday according to our expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook August 28, 2017 GOLD (XAUUSD) Gold fluctuated in both directions on Friday and there was no clear tendency. Those fluctuations were provoked by Janet Yellen speech during Jackson Hole symposium. The FOMC head avoided to talk directly about the future of the monetary policy and the probabilities of Interest Rates hike on December. Market participants decided to push USD downwards. Gold is likely to develop its upside tendency within this week. However, we give no recommendations at the moment. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was in a tight range last week. We think XAU/USD is likely to develop its growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver had no direction on Friday as well. However, we think it is likely to start its growth in the nearest future. We give no recommendations at the moment. Silver has less prospects to grow than Gold and we advise to stay alert. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading in a small range last week. We think that XAG/USD is likely to start 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. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 29, 2017 Author Report Share Posted August 29, 2017 Technical Outlook August 29, 2017 EURUSD The currency pair had a downside correction yesterday according to our expectations and then resumed its upside tendency and even established new weekly highs. This downside correction was limited and the price remained close to the upper side of the MA-channel. USD is under the pressure after the comments of the FOMC President Janet Yellen as she gave no hints on the probability of further monetary policy tightening. Market participants have doubts that the Federal Open Market Committee is going to hike Interest Rates again this year. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week and then had a sharp growth on Friday. We think that EUR/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 avoid trading today as the situation is unclear. GBPUSD The currency pair had a narrow correction and then resumed its growth. The price is far from the MA55 balance line and we give no recommendations. As for the important data, today market participants are likely to pay attention to the Conference Board Consumer Confidence index, which is expected to be worse than the previous one. USD is able to develop its decline in case if the final result meets forecasts or declines even further. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations but it had some growth on Friday. We think that GBP/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair failed to approach the MA55 balance line and declined on the American session only. There was no sense to open trades at that very moment. We think it is a good idea to open long trades from the MA55 balance line today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations. We think that AUD/USD us 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 or from the trend line. Place stop losses below the indicators. USDCHF The currency pair had a correction yesterday and then resumed its decline and established new lows. We give no recommendations today as the price is far from the MA55 balance line. We also advise to avoid risky trades as the price is unstable. We think that USD/CHF is likely to continue its decline. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was fluctuating within a range last week and decline on Friday according to our expectations. 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 avoid trading today as the situation is unclear. Gold and Silver Technical Outlook August 29, 2017 GOLD (XAUUSD) Gold had some growth yesterday but we gave no recommendations, as there was no trend. We can see an upside tendency at the moment, but the price is close to the upper side of the MA-channel. XAU/USD had a growth after Friday’s Federal Open Market Committee head Janet Yellen speech. We think it is a good idea to look for long trades from the MA13 today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was trading in a tight range last week. We think that XAU/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 MA13. Place stop losses below the indicator. Those trades are risky. SILVER (XAGUSD) Silver had a significant growth yesterday. We gave no recommendations yesterday as there was no tendency. However, today we see an upside tendency, but the price is close to the upper side of the MA-channel and it is better to do nothing. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver fluctuated in a limited range last week. We think that XAG/USD is likely to develop its growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation in unclear. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 29, 2017 Author Report Share Posted August 29, 2017 Technical Outlook August 29, 2017 EURUSD The currency pair had a downside correction yesterday according to our expectations and then resumed its upside tendency and even established new weekly highs. This downside correction was limited and the price remained close to the upper side of the MA-channel. USD is under the pressure after the comments of the FOMC President Janet Yellen as she gave no hints on the probability of further monetary policy tightening. Market participants have doubts that the Federal Open Market Committee is going to hike Interest Rates again this year. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week and then had a sharp growth on Friday. We think that EUR/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 avoid trading today as the situation is unclear. GBPUSD The currency pair had a narrow correction and then resumed its growth. The price is far from the MA55 balance line and we give no recommendations. As for the important data, today market participants are likely to pay attention to the Conference Board Consumer Confidence index, which is expected to be worse than the previous one. USD is able to develop its decline in case if the final result meets forecasts or declines even further. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations but it had some growth on Friday. We think that GBP/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair failed to approach the MA55 balance line and declined on the American session only. There was no sense to open trades at that very moment. We think it is a good idea to open long trades from the MA55 balance line today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations. We think that AUD/USD us 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 or from the trend line. Place stop losses below the indicators. USDCHF The currency pair had a correction yesterday and then resumed its decline and established new lows. We give no recommendations today as the price is far from the MA55 balance line. We also advise to avoid risky trades as the price is unstable. We think that USD/CHF is likely to continue its decline. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was fluctuating within a range last week and decline on Friday according to our expectations. 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 avoid trading today as the situation is unclear. Gold and Silver Technical Outlook August 29, 2017 GOLD (XAUUSD) Gold had some growth yesterday but we gave no recommendations, as there was no trend. We can see an upside tendency at the moment, but the price is close to the upper side of the MA-channel. XAU/USD had a growth after Friday’s Federal Open Market Committee head Janet Yellen speech. We think it is a good idea to look for long trades from the MA13 today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was trading in a tight range last week. We think that XAU/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 MA13. Place stop losses below the indicator. Those trades are risky. SILVER (XAGUSD) Silver had a significant growth yesterday. We gave no recommendations yesterday as there was no tendency. However, today we see an upside tendency, but the price is close to the upper side of the MA-channel and it is better to do nothing. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver fluctuated in a limited range last week. We think that XAG/USD is likely to develop its growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation in unclear. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 30, 2017 Author Report Share Posted August 30, 2017 Technical Outlook August 30, 2017 EURUSD The currency pair established new highs yesterday but declined during the American session, starting a correction. Then, EUR/USD resumed its decline because of the better than expected US CB Consumer Confidence data. The price is back towards the MA55 balance line and here you can look for long trades. However, there is a probability, that the currency pair is able to develop its correction. USD has got some support as the tensions between the United States and the Northern Korea grow again. We advise to pay attention to today’s US ADP Non-Farm Employment change data, 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 fluctuated in a limited range last week and had a considerable growth on Friday. WE think that EUR/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades today from the MA55 balance line. Place stop losses below the indicator. GBPUSD The currency pair stopped its tendency as it has established new highs yesterday. The US CB Consumer Confidence index was much better than expected and gave some additional support to USD. This was one of the reasons, the American currency has shown its growth yesterday. However, we think that the currency pair offers opportunities to open long trades. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating is a tight range last week and had some growth on Friday. We think that GBP/USD is likely to resume its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. AUDUSD The currency pair established new highs of the week and almost reached the MA55 balance line. There were opportunities to open long trades and to take profit, which is equal to 500pips. The price is far from the MA55 balance line today and we advise to do nothing and to monitor the situation. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a limited range last week according to our 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 declined sharply towards the two year low and then went upwards. This support was strong and USD/CHF jumped off it. There is no tendency currently and we give no recommendations for this reason. We think that USD/CHF is likely to have difficulties trying to decline again. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was fluctuating in a range last week and declined on Friday, according to our expectations. WE think that USD/CHF is likely to develop its downside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook August 30, 2017 GOLD (XAUUSD) Gold offered an opportunity top open long trades from the MA13 and was in the profit area, allowing to take 5USD. It was enough to protect trades and fix positions partially. There was no further growth and the price reversed for a correction. XAU/USD is close to the MA55 balance line today and there is an opportunity to buy from there. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was in a limited range last week. We think that XAU/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. SILVER (XAGUSD) Silver bounced off the MA13, but we gave no recommendations. We had some doubts that Silver would be unable to resume its growth. It was surprising, that XAG/USD had a significant growth. We think it is a good idea to look for long trades from the MA55 balance line. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading in a limited range last week. We think that XAG/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. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted August 31, 2017 Author Report Share Posted August 31, 2017 Technical Outlook August 31, 2017 EURUSD The currency pair declined with the same speed that it had when it was growing previously. We think that EUR/USD has made a reverse and is going to develop this downside tendency. What are the main reasons for such a sharp decline? Those are the better than expected US GDP data and ADP Non-Farm Payrolls. The Advance US GDP data reached 3,0% against 2,6%. The number of investors, who believe in the probability of the Interest Rates hike on December increased as the FedWatch Tool reached 40,6% against about 36% earlier this week. We think that the currency pair is likely to develop its downside tendency in the nearest future. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a limited range last week and went upwards on Friday. We think that EUR/USD is likely to develop its upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair was the most resistant as it held its positions when the others were defeated by USD. However, we think that GBP/USD is likely to decline in the nearest future. There is no tendency currently and we give no recommendations (if you want, you may look for short trades). There are many releases today from Eurozone and the United States. However, we think that market participants are looking forward to see today’s and tomorrow’s US data. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week according to our expectations and had a growth on Friday. 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 below the MA55 balance line. We advise to avoid trading today as the situation in unclear. AUDUSD The currency pair changed its tendency as you may see it on the chart and has broken through the trend line on the Hourly timeframe. The last fact proves that AUD/USD is likely to develop a downside tendency in the nearest future. We advise to open short trades at the moment from the broken through trend line or from the MA55 balance line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a range last week according to our expectations. We think that AUD/USD is likely to develop an upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line or from the trend line. Place stop losses above the indicators. USDCHF The currency pair continued its upside dynamics yesterday and established an upside tendency. USD/CHF has broken out the trend line on the Hourly chart. This fact proves that the market participants are buying more than selling. We think it is a good idea to look for long trades from the trend line on the Hourly chart. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was fluctuating in a limited range last week and declined on Friday, according to our expectations. We think USD/CHF is likely to develop its downside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line or from the trend line. Place stop losses below those indicators. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 1, 2017 Author Report Share Posted September 1, 2017 Technical Outlook September 1, 2017 EURUSD The currency pair is trying to reverse its current tendency and to go upwards due to the US data, which pushes USD downwards again. Personal Spending is weak as well as Consumer Prices. Those figures may prevent the Federal Open Market Committee from the next Interest Rates hike, which is planned for December. Today we advise to pay attention to the US Labor Market and Average Hourly Earnings data, which is able to change the situation. However, Labor Market data is unable to change the situation whatever the figures will be as the Fed is paying more attention to the inflation than to Labor Market currently. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a range last week according to our expectations and had a sharp growth on Friday. We think EUR/USD is likely to develop its upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the important data is expected and the current situation is unclear. GBPUSD The currency pair made a spike yesterday and we think it has some difficulties to develop its downside tendency. There are two probabilities for today. The currency pair is likely both to grow or to decline. However, even stronger than expected US Labor Market data is unable to push GBP/USD significantly downwards. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a range last week according to our expectations and went upwards on Friday. 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 above the MA55 balance line. We give no recommendations today as the situation is unclear. Pay attention to today’s US Labor Market and Average Hourly Earnings data, which is able to increase volatility. AUDUSD The currency pair almost reached the trend line in the end of the American session and tried to decline again during the Asian session. However, we think that AUD/USD is unlikely to decline after yesterday’s data. We advise to fix trades from the trend line as we think that AUD/USD is going to develop its upside tendency today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair reached the trend line in the end of the American session. It was too late to open trades at that moment but if you managed to, you could have some profit by now. We advise to fix trades if you have some as there is a probability that the currency pair is going to decline after the US data. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was fluctuating in a limited range last week according to our expectations and declined on Friday. We think that 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 September 1, 2017 GOLD (XAUUSD) Gold had a sharp upside tendency on Thursday as the US data was worse than expected. Yesterday’s Personal Spending and consumer price data was weak and did not met Fed’s expectations. It means that the Federal Open Market Committee is likely to postpone the next Interest Rates hike and is unlikely to do any steps on December. This is the main reason why precious metals are growing. There are several Labor Market and Average Hourly Earnings releases today, but they are unlikely to change the situation considerably. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was trading in a range last week according to our expectations. WE think that XAU/USD is likely to resume its growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver went upwards yesterday but failed to establish new highs. We think that XAG/USD is going to do it today after the US Labor Market and Average Hourly Earnings releases. We give no recommendations as there is no tendency at the moment. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was fluctuating in a limited range last week according to our expectations. We think that XAG/USD is likely to resume its growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 4, 2017 Author Report Share Posted September 4, 2017 Technical Outlook September 4, 2017 EURUSD The currency pair was trading in both directions after the weaker than expected US Labor Market and Average Hourly Earnings data. Those figures did not met the FED’s expectations and the statistic is likely to be taken into account when the Federal Open Market Committee is going to take their another decision. However, the currency pair went upwards for a while and then returned to its previous positions on Friday. We think that EUR/USD is likely to have limited dynamics as there is a holiday in the United States. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week but then declined with the same speed. We think that EUR/USD is likely to be fluctuating in a range in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair had an upside tendency on Friday and established new highs of the week. The US Labor Market and Average Hourly Earnings data was disappointing and GBP/USD has chosen an upside direction. However, the growth was moderate as there are long holidays in the United States. We think that the currency pair is likely to have limited volatility due to the Labor Day in the United States. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that GBP/USD is likely to create a kind of range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair reached the weekly highs on Friday. However, the growth was moderate. We think that market participants were inactive due to the upcoming holidays in the United States. We expect noting interesting today but we think that the currency pair is likely to choose any direction tomorrow. 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 according to our expectations. We think that AUD/USD is likely to develop its growth or to be fluctuating within a range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair was fluctuating with high volatility on Friday without any clear direction. We think that USD/CHF is likely to form a Triangle or a horizontal channel . Anyway, there is no tendency at the moment and we expected the currency pair to be fluctuating in a limited range today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined considerably last week but then went upwards on Friday. We think that USD/CHF is likely to establish a wide range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook September 4, 2017 GOLD (XAUUSD) Gold developed its upside tendency on Friday after the weaker than expected US Labor Market and the Average Hourly Earnings data. Those figures were disappointing and XAU/USD has got additional support against USD. US Interest Rates hike odds decreased. Low inflation and the weak Labor Market data are two main reasons why the Federal Open Market Committee is likely to postpone the monetary policy tightening. Gold dynamics support this idea. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according to our expectations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver went upwards on Friday as well and established new highs from April. We give no recommendations today as the price is close to the upper side of the MA-channel. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that Silver 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. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 5, 2017 Author Report Share Posted September 5, 2017 Technical Outlook September 5, 2017 EURUSD The currency pair fluctuated in both directions in a tight range yesterday according to our expectations. There was the holiday in the United States and the volatility was low due to low volumes. There are several important figures today including Eurozone PMI and Retail Sales data. Trading volumes are going to restore today and we think that EUR/USD is likely to increase its volatility. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had the expected growth last week, but then decreased sharply on Friday. We think that EUR/USD is likely to establish a trading range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair declined yesterday and change its tendency. There is no trend currently. There is important UK PMI data on the way and we think it may lead to some significant fluctuations. There is no tendency currently and we advise to do nothing. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that GBP/USD is likely to establish a trading range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair fluctuated in a tight range yesterday according to our expectations due to the US holiday. AUD/USD went upwards during the Asian session after the Australian and Chinese data. The reserve Bank of Australia is going to finish its meeting in the couple of hours. Market participants expect this financial institution to leave the monetary policy unchanged. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that AUD/USD is likely be trading in a range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair had a support at 0,95500 and is unable to cross it. There is no tendency currently and we have no idea what direction USD/CHF is likely to choose in the nearest future. We advise to monitor the currency pair in order to see what tendency it is going to establish. There is important Swiss GDP and inflation data on the way. The currency pair is likely to choose any direction after those figures depending on the results. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined considerably last week according to our expectations, but then went upwards sharply. We think that USD/CHF is likely to establish a range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook September 5, 2017 GOLD (XAUUSD) Gold stopped its growth on the yearly highs due to the US holidays. However, there are some reasons for XAU/USD to resume its growth including tensions between the United States and the Northern Korea as well as the probability of the next Interest Rates hike to be postponed. We think that Gold is likely to choose the upside direction in the nearest future. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD resumed its growth last week according to our expectations. WE think that Gold 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 had low volatility yesterday but we expect this precious metal to gain some volumes today. The price is moving towards the MA55 balance line and we think the XAG/USD is likely to bounce off it. Silver is in the uptrend currently and we advise to open long trades today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD is likely to develop its upside tendency in the next couple of days. There is the 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. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 6, 2017 Author Report Share Posted September 6, 2017 Technical Outlook September 6, 2017 EURUSD The currency pair continues to fluctuate within a tight range. Yesterday’s Eurozone data was worse than expected as all separate figures disappointed market participants. Investors are on the crossroad now as they need to choose any direction and have no idea what to do next. We think that the European Central Bank meeting, which is to be held tomorrow, will clarify the situation and help market participants to make any decision. Anyway, it is better to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations, but then decline sharply on Friday. We think that EUR/USD is likely to establish a range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair had a sharp growth yesterday despite worse than expected UK PMI data. The currency pair had made some attempts to decline last week but failed to cross 1,29000 level. This week GBP/USD was ready to make an upside momentum and this happened yesterday. There is an upside tendency no and we think it is time to look for long trades. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to establish a trading range in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. AUDUSD The currency pair established new highs. The price goes upwards at the moment. We think it is a good idea to look for long trades. Today’s Australian data was disappointing as they were weaker than expected. However, AUD/USD failed to go downwards and we think it is going to resume 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 went upwards last week according to our expectations. We think that AUD/USD is likely to establish a range in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. USDCHF The currency pair fluctuated in both directions yesterday and crossed the support line at 0,95500. USD/CHF was above this level for the most part of the American session and crossed 0,95500 in the end of this session finally. There is the downtrend currently and we think it is a good idea to look for short trades. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week according to our expectations but went upwards on Friday. We think that USD/CHF is likely to establish a wide range in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator. Gold and Silver Technical Outlook September 6, 2017 GOLD (XAUUSD) Gold offered opportunities to buy from the MA55 balance line area according to our recommendations. You could earn about 150 pips yesterday. Growth prospective are lower already but you can still try to open long trades form the MA55 balance line today. US data is weak and the tensions between the United States and Northern Korea may result in the further uptrend. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according to our expectations. WE think that XAU/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. WE advise to open long trades from the MA55 balance line. Place stop losses below the indicator. SILVER (XAGUSD) Silver failed to reach the MA55 balance line and there was no opportunity to buy. It is better to be cautious now as there is a probability of a downside correction. However, there is an opportunity to open long trades from the MA55 balance line with small stop losses. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. WE think that XAG/USD is likely to develop its upside tendency in the next couple of days. There is the 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. Quote Link to comment Share on other sites More sharing options...
Adamant Finance Posted September 7, 2017 Author Report Share Posted September 7, 2017 Technical Outlook September 7, 2017 EURUSD The currency pair continued its fluctuations within a range yesterday as the market participants are looking forward to see the results of today’s European Central Bank meeting, which takes place during the European session. This event is going to influence further EUR/USD fluctuations. USD has got some support yesterday as the US President approved the increase of governmental debt limits. Everything depends today on the decisions and comments from the ECB Head Mario Draghi and his colleagues. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week, but then declined sharply. We think that EUR/USD is likely to establish a trading range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair established new highs but reversed sharply and returned to its previous positions. This means that the upside tendency is weak at least and there is a probability of a reverse. However, we have noticed that all the majors decreased volatility on the eve of the European Central Bank meeting. We advise to do nothing today at least before the results of the ECB meeting. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated with an upside bias according to our expectations last week. We think that GBP/USD is likely to establish a range in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair declined towards the MA55 balance line yesterday and there was an opportunity to open long trades according to our recommendations. The price went in the direction of forecast and allowed to earn about 400 pips. It was enough to fix trades. Australian Retail Sales data was weak and you can see the results on the chart. We think that the further AUD/USD fluctuations will depend on the ECB meeting results and the ECB head’s comments. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that EUR/USD is likely to establish a range or 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 went upwards towards the MA55 balance line yesterday and there was an opportunity to sell from there according to our recommendations. The price took the right direction and you could earn about 350 pips. There was no difficulties to fix trades partially. Today’s currency pair fluctuations will depend on the results of the European Central Bank meeting. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week according to our expectations, but then returned to its previous positions. We think that USD/CHF is likely to establish a wide trading range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook September 7, 2017 GOLD (XAUUSD) Gold went towards the MA55 balance line and there was an opportunity to sell from there according to our recommendations. The price went in the direction of our forecasts and you could have about 45 pips profit. It was enough to fix trades or to protect them. Gold went downwards later as Donald Trump approved the increase of the US governmental debt limits. XAU/USD’s fluctuations will depend on the results of the ECB meeting, which takes place today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according to our expectations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) There was an opportunity to open long trades according to our recommendations yesterday. However, there was no sense to do it, as the opportunity appeared in the end of the American session. Silver slows down its growth at the moment and the price has broken the trend line on the Hourly chart. The MA-channel still looks upwards. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD is likely to develop its upside tendency in the next couple of days. There is 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 the line. Quote Link to comment Share on other sites More sharing options...
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