Adamant Finance - Daily Analysis

[Adamant Finance]

Technical Outlook August 18, 2016

EURUSD

 

EUR/USD traded in a tight range on the eve of the FOMC Meeting Minutes. The currency pair went down right after the release of the Minutes and reached the MA55, allowing to open long trades according to our recommendations. However, the investors changed their mind then as the Minutes did not give any hint on the probability of interest rates growth this year. Fed is going to assess economic growth and inflation to take further decisions. EUR/USD did about 500 pips as result of yesterday’s fluctuations. We advise to pay attention to the EU inflation data and ECB Meeting Minutes today.

There is no trend on the Weekly chart as the price is balancing around the MA55. Thend lines were broken through and if the price holds those levels there is a probability of growth towards 1,15000 in the upcoming weeks.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 today or hold yesterday’s long trades if you did not fix them.

 

GBPUSD

 

GBP/USD went down to the MA55 right after the FOMC Meeting Minutes release. There was a good opportunity to open long trades according to our recommendations. You could earn about 1000 pips. Today there is a probability of the currency pair growth to continue if UK Retail Sales data is better than expected. Otherwise, GBP/USD may decline sharply.

The downtrend is still in progress on the Weekly chart as the price is below the MA55. GBP/USD meet a strong resistance and the downside tendency may resume.

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

AUDUSD

 

AUD/USD declined yesterday but went upside today in the morning right after the Australia Labor Market data release. However, there is still no trend. AUD/USD is fluctuating in a wide range. We advise to avoid trading today.

There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD reached the main trendline and then reversed downwards. This dynamics may continue this week.

There is no trend on the Hourly chart as the MA-channel is horizontal although the price is above the MA55. We advise to avoid trading today.

USDCHF

 

USD/CHF declined yesterday in the final minutes of Wednesday. The currency pair is close to a very important weekly support (trendline). Here is the main reason why USD/CHF is not able to go down further. If USD losses significantly its positions, the currency pair may cross this support.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The situation completely met our expectations last week. We expect the situation to be opposite this week.

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to avid trading today in the morning.

Official website: http://www.adamantfinance.com/

Gold/Silver Technical Outlook August 18, 2016

GOLD (XAUUSD)

XAU/USD traded in a tight range on the eve of the FOMC Meeting Minutes release. However, Gold resumed its growth right after the event and it may continue today as there are no signs of interest rates growth in the nearest future. Interest rates futures shows the decline of expectations in rates growth in September from 18 to 12%. This may indicate on further uptrend in XAU/USD.

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trend line may be successful. 

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. WE advise to open long trades from the MA55 area. Place stops below the MA55.

SILVER (XAGUSD)

XAG/USD continued to trade with negative dynamics on the eve of the FOMC Meeting Minutes release. It change the direction right after the event. We expect the price to be in the positive area today. However, we recommend avoiding trading at the moment.

The uptrend is in progress on the Weekly chart as the price is above the MA55. XAG/USD is trading within the 19,30-20,40 range. We expect it to go down to the lower side of the range and to break it through this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today. 

Official website: http://www.adamantfinance.com/

[Adamant Finance]

Technical Outlook August 19, 2016

EURUSD

 

EUR/USD continued its positive dynamics regardless a weak Eurozone inflation data and ECB aspiration to monetary policy easing. The currency pair growth is influenced mostly by the weakness of the US dollar as the situation with interest rates rise in USA is unclear. The price did not reach the balance line and there was no opportunity to buy from the MA55. However, if you still hold your previous long trades, you could get some additional profit. Today we expect weak dynamics as there is no important data.

There is no trend on the Weekly chart as the price is balancing around the MA55. Trend lines were broken through and if the price holds on those levels, there is a probability of growth towards 1,15000 in the upcoming weeks.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We expect some correction or flat trading today and advise to avoid trading.

 

GBPUSD

 

GBP/USD rallied on the better than expected UK Retail Sales data. There was no opportunity to buy from the MA55 as the price did not go there anymore. We expect weak dynamics today as there is no important data to be released.

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD met a serious resistance and it may resume its downside tendency.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We expect a correction or a flat trading today. It is better to avoid trading in this case.

AUDUSD

 

AUD/USD traded in both directions yesterday regardless the USD decline and Oil prices growth. The currency pair continues to trade within a very large range approaching a very important obstacle on the Weekly chart. AUD/USD declined to a lower side of the range today in the morning. We advise to avoid trading on Friday.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. The currency pair reached the goal at the main trendline and then reversed. We expect this dynamics to continue this week.

There is no trend on the Hourly chart as the MA-channel is horizontal although the price is below the MA55. It is better to avoid trading on Friday.

USDCHF

 

USD/CHF declined in the last minutes of Thursday and crossed an important support line on the Weekly chart (it broke through the trendline). If the currency pair ends the week below the trendline, there is a probability of further decline during a couple of weeks.

There is no trend on the Hourly chart as the price is fluctuating around the MA55. We predicted fluctuations last week and we expect USD/CHF to move in the opposite direction this week.

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

Gold/Silver Technical Outlook August 19, 2016

GOLD (XAUUSD)

XAU/USD traded in both directions and declined to the balance line allowing to open long trade according to our recommendation. The price then went up offering an opportunity to move stops to the breakeven level in order to protect your trades. However, stops triggered as the market was unable to move higher from the current levels. There is a probability of a negative dynamics as the price may decline after an unsuccessful attempt to go upwards. 

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline may be successful.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today.

SILVER (XAGUSD)

Silver slides down. XAG/USD is unable to move higher. This may result in a descending dynamics in the nearest future. It is one of the market’s rule when the price is unable to grow, it starts to go down. We advise to avoid trading today.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD traded within the 19,30-20,40 range as we predicted previously. This week we expect the price to decline towards the lower side of the range with further breakthrough.

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

[Adamant Finance]

Technical Outlook August 22, 2016

EURUSD

 

EUR/USD traded according to our expectations on Friday. There was a downside correction during Asian session and then a weak dynamics after an active growth on Thursday. We advise to pay attention to the Ifo Business Climate data and Janet Yellen speech at Jackson Hole Symposium. Those events will take place on Thursday and Friday. As for the first half of this week, we expect some further correction.

The uptrend is in progress on the Weekly chart as the price is above the MA55. New week promises to be corrective after a sharp momentum, that we have seen the last week. There is a high probability of getting 1,15000 in the next couple of weeks.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55. There is a probability of reverse and we do not advise to open long trades. We recommend observing the trendline. If it is broken through, the reverse will be confirmed. Then, you may consider short trades.

 

GBPUSD

 

GBP/USD declined on Friday as result of announcements that UK is going to leave the European Union in the first half of 2017. The currency pair lost more than 1000 pips. This event was unexpected. The main statistics is to be released on Friday that is why we recommend paying attention to USD fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD may decline below 1,30000 this week.

There is the uptrend on the Hourly chart as the MA-channel looks upwards, although the price is below the MA55. We expect GBP/USD to change the current tendency and we advise to avoid long trades. The breakthrough of the trendline tells us about a high probability of reverse as well as the current pattern. You may try short trades from the current levels or closer to the MA55.

AUDUSD

 

AUD/USD traded close to the lower side of the two-weeks range and there is a high probability of a breakthrough with further downside tendency. There is no important data to follow this week and we recommend paying attention to USD.

There is still the uptrend on the Weekly chart as the price is above the MA55. Second Doji on the Weekly chart tells us about a struggle for this resistance level. The price is unable to cross the resistance which may result in reverse of the tendency.

There is the downtrend on the Hourly chart as the Ma-channel goes downwards and the price is below the MA55. We advise to open short trades from 0,76000.

USDCHF

 

USD/CHF closed last week above the weekly trendline. The price is unable to cross this line and this may result in a change of the current tendency. We expect the currency pair to grow regardless the fact that USD/CHF is still in the downtrend.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF closed above the trendline which may result in further growth of the currency pair.

There is the downtrend on the Hourly chart as the MA-channel looks downwards although the price is above the MA55. A sharp price growth may change the tendency. We advise to avoid short trades. We recommend also following the trendline. If it is broken through, the tendency will change and then you may try short trades.

Gold/Silver Technical Outlook August 22, 2016

GOLD (XAUUSD)

Gold was unable to renew highs and reversed downwards according to our expectations. A pattern fo further downside tendency is forming. The price went down today in the morning and this process may accelerate. The main event of the week to pay attention to is the Fed Head’s Yellen speech at Jackson Hole Symposium. 

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed. This may lead to further price decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from 1338,00.

SILVER (XAGUSD)

XAG/USD accelerated its decline on Friday and opened with a gap today in the morning. We expected this situation. Unfortunately, there was no opportunity to open trades. It is too risky to enter the market at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55. Silver declined to the lower side of the 19,30-20,40 range and crossed it today in the morning.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. XAG/USD is out of the MA-channel and we advise to avoid trading today. 

 

[Adamant Finance]

Technical Outlook August 23, 2016

EURUSD

 

There was no breakthrough of the trendline yesterday. The tendency is neutral at the moment. Investors are waiting for the Fed Head’s speech or other important data which is to be released this week. It is possible that the currency pair will be in this neutral position for the whole week. Today some important data from Eurozone and USA is to be released. Those statistics may bring some action to trading. 

There is the uptrend on the Weekly chart as the price is above the MA55. This week may be corrective after some sharp growth during the last 5 days. There is a high probability of EUR/USD to grow towards 1,15000.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today.

 

GBPUSD

 

GBP/USD had some growth after the announcement that British government prepares some measures to support the construction sector. If you opened sort trades, they were unsuccessful. However, GBP/USD is trading just below the trendline and the MA-channel prepares to change its direction. If 1,30800 is broken through, there is a high possibility of further downtrend to develop.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair may go down below 1,30000 this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We expect the current tendency to change and we advise to avoid long trades. You may try to open short positions when the price crosses 1,30800. Place stops above the MA55.

AUDUSD

 

AUD/USD made a fake breakthrough of the trendline during Asian session. The short positions from 0,76000 were unsuccessful. However, stop orders were close and we advise to reenter the market when the price crosses 0,76000. There is no important data from Australia this week. It means that you have to pay attention to USA statistics and events.

There is still the uptrend on the Weekly chart as the price is above the MA55. Second Doji on the Weekly tells us that there is a struggle close to this resistance level. The price is unable to cross it. This fact may result in a change of the tendency.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. WE advise to open short trades when the price crosses 0,76000.

USDCHF

 

The currency pair has changed its tendency on the Hourly chart. There was no opportunity to open long trades. Today you may try to buy regarding the probability of the trendline breakthrough. Place small stops.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF closed last week above the trendline and the upside tendency may continue.

The uptrend is in progress on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to open long trades from the MA55 area placing stops below this curve.

Gold/Silver Technical Outlook August 23, 2016

GOLD (XAUUSD)

There was an opportunity to open short trades from 1338,00 with stop above the MA55. You may try to protect your positions soon, moving stops to a breakeven level. If XAU/USD continues to decline today, you may get some good profit. There is also a probability, that the price will trade into a range before the Fed Head’s Yellen speech during Jackson Hole Symposium.

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed and XAU/USD may decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to hold short trades from 1338,00. There is another opportunity to sell from 1338,00.

SILVER (XAGUSD)

XAG/USD traded in a tight range approaching the balance line. The price may go back to 19,50 and resume its decline then. Anyway, it is better to avoid trading at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55. Silver went down to the lower side of the 19,30-20,40 area and crossed it today in the morning. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. The price is still far from the balance line and we advise to avoid trading.

[Adamant Finance]

Technical Outlook August 24, 2016

EURUSD

 

EUR/USD still holds neutral position. US New Home Sales data was rather strong and gave some support to USD. The currency pair tests the trendline at the moment on the Hourly chart. However, the breakthrough of the trendline during the Asian Session may be fake. We advise to pay attention to US Existing Home Sales data today as USD may be given some more support like it was yesterday.

The uptrend is in progress on the Weekly chart as the price is above the MA55. A correction is possible after some sharp momentum last week. There is a high probability of growth towards 1,15000 in the next couple of weeks.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to avoid trading today.

 

GBPUSD

 

GBP/USD continued its growth. There was no opportunity to open trades as the price did not reach the key level for short positions. The currency pair moves right below the trendline on the Hourly chart and we expect this dynamics to continue today as we see the uptrend. There is still some space for further growth towards 1,33000 regarding the Weekly chart.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair may decline to 1,30000 this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from 1,31500 today. Place stops below the MA55.

AUDUSD

 

There was no decline below 0,76000 to open short trades according to our recommendations. The trend is neutral at the moment. The situation may remain unclear until the Fed Head’s Yellen speech which is to take place on Friday. This event may determine further direction of fluctuations.

There is still the uptrend on the Weekly chart as the price is above the MA55. Second Doji on the Weekly chart tells us that there is a struggle close to the resistance level. The price is unable to cross this level which may result in a change of the current tendency.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today.

USDCHF

 

USD/CHF broke through the trendline according to our expectations. You could open long trades from the MA55. Stop should be placed at 150 pips from the order as there is no sense to place it closer regarding this currency pair. This position could bring you some profit. You could move stops to a breakeven level and hold the trade.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF closed above the trendline and the uptrend may continue.

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to hold long trades.

Gold/Silver Technical Outlook August 24, 2016

GOLD (XAUUSD)

XAU/USD remains calm on the eve of the Fed Head’s Yellen speech which is to take place on Friday. Short trade from 1338,00 failed to bring profit and stops triggered (if you had placed it right above the MA55). Unfortunately, this downside tendency stopped. XAU/USD fluctuates in a range at the moment and we advise to avoid trading.

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed. This may lead to a change in tendency.

There is the downtrend on the Hourly chart as the MA-channel goes dowawards and the price is close to the MA55. We advise to avoid trading today.

SILVER (XAGUSD)

XAG/USD almost reached the balance line and then moved downwards without making new weekly low. Today the price goes back in the upside direction without any desire to develop the tendency. It seems that we have a range in which the price will be during the next couple of days.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD went to the lower side of the 19,30-20,40 range and crossed it today in the morning.

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

 

[Adamant Finance]

Technical Outlook August 25, 2016

EURUSD

 

EUR/USD declined yesterday although GBP/USD grew and Australian dollar was in a range. WE advise to pay attention to Ifo German Business Climate data which is to be released today. This statistics may give some additional support to EUR. It is to say that EUR/USD decline was also a result of fixing long trades on the eve of today’s Fed Head’s Yellen speech. There is a probability of sharp moves during this event and we give no trading recommendations as it is better to open positions after the speech.

There is the uptrend on the Weekly chart as the price is above the MA55. As we have previously mentioned, EUR/USD is in correction at the moment after a sharp upside momentum last week. There is a high probability of further growth towards 1,15000 in the next couple of weeks.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to wait for the Yellen speech to end until taking any decision if the price comes closer to the balance line.

 

GBPUSD

 

GBP/USD continued its growth according to our expectations. There was no opportunity to open long trade as the price did not reach 1,31500. We expect the upside dynamics to end today as the correction pattern was formed on the chart in the morning. We advise to avoid trading GBP/USD today before the Yellen speech as any movement is possible. 

There is the downtrend on the Weekly chart as the price is below the MA55. We expect GBP/USD to go down to 1,30000 this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to wait until the end of Yellen speech to take any decision. It is better to open trades if price moves closer to the balance line.

AUDUSD

 

AUD/USD is still trading close to the key area at 0,75850/76000. The currency pair waits for the Fed Head’s Yellen speech which is to take place today in the evening. Market participants will pay attention to the event hoping for some new hints on the probability of monetary policy changes in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55. Second Doji on the Weekly chart indicated on a struggle close to the resistance level. The price is unable to cross the level and may reverse downside.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to wait for the Fed Head’s speech which is to be held today. If there is any movement after the event, you may take trading decisions close to the balance line.

USDCHF

 

USD/CHF continued to grow. We advised to hold long trades and it was a good decision. Long positions were opened at 0,97000/97100. Price reached 0,97800 and even went higher yesterday. You could fix some profit. If you still have long trades, we advise to close them as today’s event may lead USD/CHF in any direction. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF closed above the trendline and the currency pair may continue to grow.

There is the uptrend on the Hourly chart as the MA-channel looks upwards. The price is above the MA55. We advise to wait until the Fed Head’s speech ends in order to take any decision. You may try then to open trades from the balance line.

Gold/Silver Technical Outlook August 25, 2016

GOLD (XAUUSD)

Gold declined on the fears of market participants of the upcoming speech of the Fed’s Head. Investors fixed partially their positions on the eve of the event protecting themselves from the unpredictable fluctuations. Anything may happen during this speech. This will depend on what Janet Yellen is going to say about Fed’s future monetary policy changes.

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed. This fact may lead to further decline as the price is unable to cross the important level.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to wait until Fed’s Head speech ends before taking any decision. There is a probability of high volatility. It is better to enter trades close to the balance line.

SILVER (XAGUSD)

XAG/USD broke through the lower side of the range on fears. Investors are afraid of the upcoming event and all trades were fixed. 

There is the uptrend on the Weekly as the price is above the MA55. XAG/USD went down to the lower side of the19,30-20,40 range and crossed it finally today in the morning.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to wait until the end of today’s event in order to take any further decision. You may open trades if the price goes closer to the balance line.

 

[Adamant Finance]

Technical Outlook August 29, 2016

EURUSD

 

Fed’s Head Janet Yellen gave some signals about the probability of interest rates rise this year. This resulted in a significant decline in EUR/USD. USD has got a significant support for the next couple of days. The market will follow carefully US data searching for confirmation of the probability of interest rates growth in the USA. We advise to pay attention to the US Labor Market data this week. It is to be released on Friday. 

The uptrend is still in progress on the Weekly chart as the price is above the MA55. The pattern that we can see on this timeframe indicates on the probability of further downside movement. The growth towards 1,15000 is questionable at the moment.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading as the price is close to the lower side of the MA-channel. We recommend waiting until the price goes back to the balance line on the Hourly chart.

 

GBPUSD

 

GBP/USD continued its downside dynamics after the Fed’s Head Yellen speech on Friday. MA-channel is tight as it was before the results of the Brexit Referendum. The volatility is low. USD have chances to continue its growth and we recommend looking for short trades. 

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000. It may occur this week as USD has positive dynamics after Yellen’s speech.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading as the price is close to the lower side of the MA-channel It is better to wait until the price is back to the balance line.

AUDUSD

 

AUD/USD moved downwards on Friday according to the Weekly chart and declined below 0,75850/76000 key area. We advise to search for short trades only and only after the price is back to the balance line. It is better to avoid trading at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair went downwards according to our expectations. The target level for this decline is far from current quotes. 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading at the moment as the price is close to the lower side of the MA-channel. It is better to wait until the price is back to the balance line.

USDCHF

 

USD/CHF resumed its growth after Yellen’s speech on Friday. The currency pair trades within a pattern on the Weekly chart and the growth may continue this week. We advise to avoid trading as the price is far from the balance line. Wait until it is back to the MA55 and then you may try opening long trades.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF may rise towards 0,99500 this week. 

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to avoid trading as the price is close to the upper side of the MA-channel. Wait until the price is back to the balance line and then you may open long trades.

Gold/Silver Technical Outlook August 29, 2016

GOLD (XAUUSD)

The market participants took into consideration the Fed’s Head Yellen hints on the probability of the interest rates growth this year. Janet Yellen noticed in her speech on Friday, that there are important signals to raise interest rates in the nearest future. Those words gave additional support to the USD.

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline was successful and lead to XAU/USD decline. We expect this dynamics to continue in the next five days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. XAU/USD is still not so far from the balance line. We advise to wait until the price is back to the balance line area and then you may take any trading decision according to the situation.

SILVER (XAGUSD)

XAG/USD did not make new lows on Friday. However, the price did it today in the morning. You may try to open short trades if this break through is true. In order to have a proof of this break through, wait until European session. The price must not go back above 18,50.

There is the uptrend on the Weekly chart as the price is above the MA55. The price goes to the red trendline and may reach 17,50 in the nearest future. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to wait until the price is back to the MA55 area and then you may try to open short trades.

 

[Adamant Finance]

Technical Outlook August 30, 2016

EURUSD

 

EUR/USD continued its moderate decline. The main reason for the downtrend is the growth of expectations of the interest rates raise in the USA this year. Fed’s Head Yellen underlined the probability of the monetary policy tightening during 2016. Personal spending data remain within forecasts and had almost no impact on the currency pair. The price is still far from the balance line. We advise to avoid trading as it is too risky at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55. There is a pattern indicating on the further EUR/USD decline. The growth towards 1,15000 is questionable at the moment. However, we cannot reject this opportunity in the future.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to wait until the price is back to the balance line (MA55 area) in order to open short traders. It is risky to open trades at the moment as correction is possible.

 

GBPUSD

 

Fed’s Head speech influenced GBP/USD during Monday’s sessions. Janet Yellen underlined that FOMC is ready to consider the possibility of interest rates raise during the upcoming meetings. Those hints were enough to give significant support to greenback against other major currencies. USD is on the rally until Friday at least, when the important US Labor Market data is to be released. 

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair failed to decline below 1,30000 last week. However, we still consider such an opportunity in the nearest future.

The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to wait until the price is back to the balance line (MA55 area) in order to open short trades. It is too risky to sell at the moment as correction is possible.

AUDUSD

 

AUD/USD had some correction allowing to open short trades. If the price is back to the key 0,75850/0,76000 area, there will be a good opportunity to sell from there. The balance line is also in that area. It is better to wait until the correction is done in order to open trades.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair went down according to our expectations targeting 0,71500. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from 0,75850/0,76000 area, placing stops above the balance line (MA55 area).

USDCHF

 

USD/CHF makes no attempts to get back to the MA55 balance line. The uptrend is too strong and the currency pair can not even reach its balance area. We advise to avoid trading until USD/CHF is back to the balance line (MA55 area). The growth still has some space and reserves. However, it is too risky to enter long trades as the correction may occur at any time.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The price may grow towards 0,99500 this week.

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to avoid trading at the moment as the price is close to the upper side of the MA-channel. It is better to wait until the price is back to the balance line.

Gold/Silver Technical Outlook August 30, 2016

GOLD (XAUUSD)

XAU/USD made a fake breakthrough of 1318,00 level and then moved higher. This fake breakthrough was done during Asian session. If it happens during Asian session, it is better to wait for confirmation during European session. However, we have seen no confirmation of the breakthrough. XAU/USD is in neutral position at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 Another attempt to break through the trend line failed and resulted in prices decline. We expect this dynamics to continue this week. 

There is no clear trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We expect the tendency to change or to resume today.

SILVER (XAGUSD)

XAG/USD did no confirmation of the breakthrough and went back above 18,50. There was no opportunity to open short trades. The tendency has changed, regardless the USD growth. There is a probability of a new 18,40-18,90 range. The price may fluctuate within this range during the week.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD goes back towards the redline and the price may reach 17,50 in the nearest future.

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

 

[Adamant Finance]

Technical Outlook August 31, 2016

EURUSD

 

EUR/USD failed to restore to the balance line and continued to decline as the pressure increased. We advise to pay attention to the important US and Eurozone data today as well as to FOMC members speeches that may take place during the day. Eurozone CPI data as well as ADP non-farm may have a significant impact on the quotes. USD is still rallying and its pressure may push the currency pair even further in the downside direction.

There is the uptrend on the Weekly chart as the price is above the MA55. The pattern that we may see on this timeframe indicates on the further decline. The growth towards 1,15000 is still questionable. 

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We expect the price to go back to the balance line and then you may open short trades from the MA55.

 

GBPUSD

 

The currency pair went upwards to the balance line during yesterday’s American session. Here there was an opportunity to open short trades. However, further decline was limited to 400 points. You had an opportunity to protect your trades and place stop loss to the breakeven level. You had also a possibility to partially fix your positions. 

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000. However, we still expect this downside movement to happen during 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. We advise to avoid trading today and to observe the price as there is a probability of a correction.

AUDUSD

 

The currency pair failed to reach the 0,75850/0,76000 area where you could open short trades. There was no opportunity to enter the market. There is a probability of a range trading before the release of the important US data. We advise to avoid trading and observe the currency pair’s fluctuations and the surprises are possible. 

There is still the uptrend on the Weekly chart as the price is above the MA55. The currency pair moved down according to our expectations targeting 0,71500. This level is a bit far from current area of fluctuations. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. There is a probability of the upside correction and we advise to avoid trading at the moment.

USDCHF

 

The uptrend on USD/CHF is still too strong and the currency pair has not a single opportunity to get back to the MA55 balance line. We do not recommend opening any trades as it is too risky. The price is still far from the MA55. USD/CHF had some pressure yesterday after the release of KOF Swiss index data which had a significant decline.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. There is a probability of growth towards 0,99500 during the next couple of days. 

The uptrend is in progress on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to avoid trading this currency pair at the moment as the price is still too far from the MA55 balance line.

Gold/Silver Technical Outlook August 31, 2016

GOLD (XAUUSD)

XAU/USD resumed its downside tendency yesterday. XAG/USD is trading in a range meanwhile. We advise to pay attention to the preliminary US Labor Market data and there is a probability of significant market’s reaction. However, we still have a downtrend although the price is close to the latest lows on the Weekly timeframe.

The uptrend is in progress on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed and this event lead to some decline. We expect this dynamics to continue during 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. We recommend opening short positions from 1318,00. Place stops above the balance line.

SILVER (XAGUSD)

XAG/USD is trading within the 18,40-18,90 range and may stay here before Friday regardless the XAU/USD decline. This dynamics may be a result of doubts of market participants. They need more confirmations that the FOMC is ready to raise the interest rates.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD goes back to the red trendline and the price may reach 17,50 in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading and observe the market as the situation is still unclear.

 

[Adamant Finance]

Technical Outlook September 1, 2016

EURUSD

 

EUR/USD slows is fluctuations on the eve of the Friday’s US Labor Market data release. There is a range at the moment and we expect it to develop until the important publication. Investors open their positions awaiting for the results of the US non-farm employment change. US ADP non-farm data, release yesterday, confirmed forecasts and there was almost no market reaction. Today we recommend paying attention to EU and US PMIs which may have some impact on the currency pair. It is also to mention US Unemployment Claims. This data may be important on the eve of the main US Labor Market statistics, which is to be released tomorrow.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. There is a pattern indicating on the probability of further downside movement. The growth towards 1,15000 is questionable at the moment.

The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. EUR/USD went back to the balance line yesterday and you had an opportunity to open short trades. However, the currency pair is still close to the MA55 balance line and those positions still have no profit. Place stops at 150 pips from the order. It is better to leave those positions for a while.

 

GBPUSD

 

GBP/USD is on upside correction at the moment as we have previously expected. There is no sense to open any trades as the movement is too weak. Investors wait for the US Labor Market data and we expect this dynamics to continue for the whole day. We advise to pay attention to today’s UK manufacturing PMI. However, it may have no impact on the eve of more important US Labor Market data, which is to be released on Friday.

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000. However, it is probable that this scenario comes true in the nearest future. 

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading at the moment and wait until the correction is done.

AUDUSD

 

AUD/USD stopped its decline and was trading in a tight range during yesterday’s sessions. The currency pair tries to change its direction today. Those changes may result in a correction. We recommend staying of the market today and observe fluctuations. 

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair went down according to our expectations targeting 0,7150 which is still too far from the current price.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55. We advise to wait until the end of the correction to take any trading decisions.

USDCHF

 

The currency pair slows down its growth which is clearly seen at the MA-channel and yesterday’s high which was just a couple of pips higher than the previous one. We expect USD/CHF to trade within a tight range on the eve of the important US Labor Market data, which is to be released on Friday. It is better to avoid trading at the moment.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair has the opportunity to grow higher to 0,99500 in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55.We advise to wait for the correction in order to take any decisions.

Gold/Silver Technical Outlook September 1, 2016

GOLD (XAUUSD)

XAU/USD break through the weekly support level at 1310,00 and there is the probability of further decline. The main reason for the downtrend to develop is the expectations that FOMC will take the decision to raise interest rates in the nearest future. The probability of interest rates growth in September is about 25%. As for December, this probability is about 55%. The expectations growth and exert pressure on XAU/USD. The price did not reach the balance line, offering no opportunities to open short trades.

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed and this fact lead to price decline. We expect this downside dynamics to continue this week.

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

SILVER (XAGUSD)

Silver is trading within a triangle and we expect XAG/USD to break through it today. You may think it is strange to wait for some movement today on the eve of the important US Labor Market data. However, we do not expect Silver to continue fluctuations within this triangle. You may place short order at 18,58. However, this tactics is too risky as stops should be far from the order price in this case.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD goes towards the red trendline and the price may reach 17,50 in the nearest future. 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. You may place a short order if you wish.

 

[Adamant Finance]

Technical Outlook September 5, 2016

EURUSD

 

EUR/USD had some growth after Friday’s US Labor Market data. However, later the price declined on the eve of long holidays. Today is a Labor Day in the USA and the banks are closed there. US Friday statistics was worse than expected as the number of new non-farm payrolls decreased to 151 000 in comparison with the previous 275 000. US unemployment rate increased to 4,9%. As for the Average Hourly Earnings m/m, this data decreased to 0,1%. Those releases decreased the level of expectations of the Interest Rate growth this year. The currency pair may resume its growth after the volume is back.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair’s decline slows down and there is a probability of growth towards 1,15000 in the nearest future.

There is no trend on the Hourly chart s the MA-channel is horizontal and the price is close to the MA55. We expect lower volumes today and the currency pair may be trading within a range.

 

GBPUSD

 

The currency pair had some growth after the release of the US Labor Market data on Friday. GBP/USD was trading in a more positive manner than EUR/USD. It is due to the fact that the currency pair gets some additional support from strong UK data. The Brexit Referendum results have almost no impact on the market at the moment. This week there is also UK manufacturing production and Services PMI. Those macroeconomic indicators will show the complete image of the current UK economics state. Today we expect some consolidation and movement towards the balance line.

There is still the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as the UK data was stronger than expected. There is the probability of further growth towards 1,35000.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the balance line. We expect some consolidation today.

AUDUSD

 

AUD/USD has some difficulties to grow and the decline may happen at any moment. The reverse may be sharp and it is very risky to open long trades at the moment regardless the fact that we still have the uptrend. The only opportunity to buy is possible if the uptrend becomes stronger. However, today US banks are on holiday and there are few chances that something important may happen especially during American session.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair went downwards according to our expectations. However, we may see dome correctional growth at the moment. The target for the downtrend is 0,71500 which is far from the current levels.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. WE advise to avoid trading today as the volumes are low.

USDCHF

 

USD/CHF ended last week on the same level almost. The US Labor Market data provoked higher volatility on the market. However, there was no clear trend and the currency pair moved both directions. There is a high probability that USD/CHF is ready to decline. Anyway, we advise to avoid trading today as the volumes are too low due to the bank holiday in the USA.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair went upwards towards 0,99000. However, US Labor Market data broke the uptrend. We expect some decline in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We expect consolidation during the day.

Gold/Silver Technical Outlook September 5, 2016

GOLD (XAUUSD)

XAU/USD had a clear uptrend right after the US Labor Market data on Friday. The number of new payrolls did not meet forecasts and the Average Earnings growth slowed down to the minimum percentage. Investors waited for stronger results. The expectations of the Interest Rates growth this year declined and the prices went upwards. We expect XAU/USD to continue its growth in the next couple of days. However, today there is a bank holiday in the USA and the volumes are too low.

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD declined last week and that restored almost all lost positions. We expect some moderate growth this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We expect some consolidation today.

SILVER (XAGUSD)

Silver resumed its growth because of the worse than expected US Labor Market data. The upside dynamics may continue in the nearest future. 

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth targeting 20,00 level.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. There is no sense to consider long trades at the moment as the price is close to the upper side of the MA-channel

 

[Adamant Finance]

Technical Outlook September 6, 2016

EURUSD

 

EUR/USD slid down and traded within a tight range today in the evening because of the US bank holiday. There is a probability of the volatility boost today as the volumes may raise. Eurozone statistics was mixed yesterday and gave no additional support to EUR/USD. Services PMI was worse than expected and retail sales rose. Today we advise to pay attention to the EU GDP data. We expect this data to have almost no impact on EUR/USD. However, US statistics may change market situation considerably.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair decline slows down and there is a probability of growth towards 1,15000. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to consider short positions from the MA55 balance line with stops above the MA55.

 

GBPUSD

 

The currency pair renewed monthly highs due to the better than expected UK services PMI data. The latest data from the Great Britain shows that the situation in this country is stable regardless the results of the Brexit Referendum. However, yesterday’s volumes were low and there was no support to the rally during American Session. Today we advise to pay attention to the important US data. Specialists expect the US ISM Non-Manufacturing PMI to slide down to 55,4 points. However, if this data is worse than expected, GBP/USD may get additional support in the evening.

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as the latest UK statistics showed strong results. We expect the currency pair to grow towards 1,35000.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55. Yesterday’s trend line was broken through but the indicators still show the uptrend. This may lead to the uptrend to slow down. We advise to open the long trades from the MA55 area, placing stops below this curve.

AUDUSD

 

The currency pair resumed its growth today in the morning as investors expect the Reserve Bank of Australia to hold the rates at the current level. The uptrend may become stronger in this case. If there is no surprises during the RBA meetings, you may open long trades from the MA55 balance line after the correction.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair was declining for the past three weeks according to our expectations. However, we can see some corrective growth at the moment. Further downtrend in AUD/USD may target 0,71500.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to wait until the currency pair goes back to the MA55 and to open long trades then. 

USDCHF

 

The currency pair was in a tight range during yesterday’s sessions and it is in the neutral position at the moment. Today there is some important data from Swiss: CPI and GDP releases. Bloomberg experts expect the results to be better than current figures. However, we advise to pay more attention to the US data.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair grew towards 0,99000, but the US Labor Market data stopped the rally and reverse USD/CHF downwards. We expect some decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We expect USD/CHF to break through this range in the upwards direction. You may place a long order at 0.98200.

Gold/Silver Technical Outlook September 6, 2016

GOLD (XAUUSD)

XAU/USD was in a tight range yesterday due to the low trading volumes, as there was national holiday in the USA. We expect the volumes to raise today. There is some important US data which may drive precious metals in any directions. The price is close to the trendline on the Hourly chart and may break it through today, offering the opportunity to XAU/USD to continue its rally.

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD declined last week but in the dying minutes of Friday it went back and restored some positions. We expect some moderate growth this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may place a long order from 1329,00 with stops at 1325,00.

SILVER (XAGUSD)

This precious metal is smoothly growing regardless low volumes. There is a high probability of further growth. However, we recommend paying attention to the US data as it may change the situation significantly. The precious metals dynamics depends on the expectations on interest rates growth in the USA.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth and we expect it to continue targeting the trendline close to 20,00.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. There is no sense to open long trades at the moment as the price is close to the upper side of the MA-channel.

 

[Adamant Finance]

Technical Outlook September 7, 2016

EURUSD

 

Most interesting events happened during American session as we have previously noticed in our last outlook. The US Services PMI declined sharply indicating on slowing down of the growth in this sector. This index along with the other latest US data releases will influence FOMC decision at the next Fed Meetings which are to take place on September 20-21. Fed is likely to hold the Interest Rates at the current level and take some more time to observe the situation. The hopes of those who expected FOMC to change Interest rates are broken.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair slows down its decline. There is a probability to resume growth targeting 1,15000. 

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading at the moment as the price is close to the upper side of the MA-channel.

 

GBPUSD

 

The currency pair continued to renew monthly highs and breaks through the trendline. The US Services PMI was worse than expected. As for the latest British data, it was better than expected establishing new records after a sharp decline in July. It is better to consider long trades in this situation. There is a rather strong trend here and the price is unable to go down to the MA55 balance line even, offering no opportunities to place orders. However, the price was close to the balance line yesterday, allowing to buy. 

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as UK data was better than expected. There is a probability of further rally, targeting 1,35000.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55. You may try to open long trades today from the broken through trendline, placing stops below it.

AUDUSD

 

AUD/USD had a sharp growth on expectations that the Reserve Bank of Australia was not going to change its current monetary policy. In the second half of the day, AUD/USD resumed its growth on the worse than expected US Services PMI. There was no correction to the MA55 balance line and we expect the currency pair to continue its rally today from the broken through trendline. 

There is still the uptrend on the Weekly chart as the price is above the MA55. The currency pair was in a downside tendency for the last three weeks. However, we can see a correctional growth at the moment. AUD/USD still targets 0,71500 on the Weekly chart.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to wait until the currency pair goes back to the broken through trendline and then to open long trades from it. Place stops below the trendline.

USDCHF

 

The currency pair was in a tight range yesterday and declined after the US Services PMI data. There was no USD/CHF growth. We can see the downtrend at the moment. Revised Swiss GDP data was better than expected and gave some additional support to CHF. The currency pair broke through the trendline and you may open short trades from it.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF grew towards 0,99000, but the US data was worse than expected and exerted some pressure on USD. We expect the currency pair to continue its decline this week.

The downtrend is in progress on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open short trades from the broken through trendline or from the MA55 balance line.

Gold/Silver Technical Outlook September 7, 2016

GOLD (XAUUSD)

XAU/USD was in a rally for the whole day without a single correction. Our recommendation to place order at 1329,00 succeed. You could take some profit. The volumes are back to the market and XAU/USD resumed its growth. US Services PMI was worse than expected indicating on slowing down its growth. Those aspects give additional support to the precious metal asset. Further dynamics will depend on the ability of XAU/USD to break through the trendline on the Weekly chart.

The uptrend is in progress on the Weekly chart as the price is above the MA55. There was some decline last week, but the price went back on Friday. We expect some moderate growth in the next couple of days.

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

SILVER (XAGUSD)

XAG/USD’s growth was moderate yesterday. However, later, after the US Services PMI release the asset increased its speed and touched the trendline on the Weekly chart. XAG/USD is trading in the same way as XAU/USD and its further dynamics will depend on the ability to break through the resistance.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth targeting 20,00.

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

 

[Adamant Finance]

Technical Outlook September 8, 2016

EURUSD

 

The currency pair restored partially towards the balance line. Today the main event is the European Central Bank Meeting which is to take place in the second part of the day. Investors expect no changes in the monetary policy. We think that the market’s reaction to the event is to be moderate. After weak US data we expect no changes during FOMC meetings which is to take place on September 20-21 2016. The situation is still unclear as both currencies are in the same situation. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There is the slowdown in the currency pair’s decline and we expect growth towards 1,15000. 

The uptrend is still in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 area, placing stops below.

 

GBPUSD

 

The currency pair is in a correction after significant growth. The main reason for the decline is the UK manufacturing data which was worse than expected. However, you had an opportunity to open long trades from the broken through trendline and fix them with about 200 pips profit as the price covered a 200 pips distance within a positive area. You had also an opportunity to move stops to the breakeven area. The currency pair crossed another trendline yesterday indicating the probable end of the uptrend, although the MA-channel is still growing.

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as UK data was stronger than expected. There is the probability of the upside tendency to continue aiming 1,35000.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55. We advise to avoid trading today as there is the European Central Bank meeting in the second half of the day, which may influence GBP/USD as well.

AUDUSD

 

The currency pair renewed weekly highs and is trading within a limited range. Yesterday’s Australia GDP data q/q was worse than expected. This statistics had almost no influence on AUD/USD. There was no price correction towards the broken through trendline and there was no opportunity to open long trades. The price is approaching the MA55 balance line allowing to open long trades from it.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair was in a downside tendency for the past three weeks according to our expectations. However, we may see some corrective growth at the moment. The target for the further decline is at 0,71500.

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

USDCHF

 

The currency pair was in a tight range yesterday and broke through lows for a couple of pips. We expect some decline of the currency pair today if the situation is favorable. The downtrend is clearly seen on the chart according to the technical analysis.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There was some growth towards 0,99000. However, US data was worse than expected and USD is under pressure at the moment as the interest rates raise expectations level is lower at the moment. We expect some further decline in the next couple of days.

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

Gold/Silver Technical Outlook September 8, 2016

GOLD (XAUUSD)

XAU/USD is in correction and prepares to break through 1350,00/1355,00. The MA-channel indicates on the probability of the upside tendency to continue as the price is still above the balance line. In this situation, the uptrend may resume. You may try long trades today expecting the upside tendency to continue.

There is the uptrend on the Weekly chart as the price is above the MA55. There was some decline the last week, although the price went back upwards in the dying hours of Friday. We expect some moderate growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to place long orders at the MA55 area with stops below this curve.

SILVER (XAGUSD)

XAG/USD is almost ready to break through the 20,00 area in the nearest future. This weekly trendline is likely to be crossed according to the current situation. The price went down to the MA55 balance line tonight and bounced off it. It is better to open trades closer to the MA55.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth and may reach the trendline at 20,00 area.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 area, placing stops below the curve.

 

[Adamant Finance]

Technical Outlook September 9, 2016

EURUSD

 

EUR/USD had and upside momentum yesterday and then reversed and had a sharp downside movement. The currency pair succeed to establish new highs as it went above 1,13000. If you placed long orders in the morning, you had an opportunity to take some profit. Today we expect the currency pair to consolidate as it is Friday and there is no important data to follow. European Central Bank decided to leave the current monetary policy unchanged. Now it is Fed’s turn to act (or do nothing, according to the situation).

There is still no trend on the Weekly chart as the price as close to the MA55. We have seen some slowdown in fluctuations last week. There is a probability of growth towards 1,15000. In addition, EUR has got some support yesterday as ECB decided to do nothing with its monetary policy.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to do nothing today.

 

GBPUSD

 

The currency pair continued to move downside confirming the end of the uptrend. It is to notice, that opening short trades from the MA55 would be a good idea. However, when the price where close to that area, the MA-channel was still horizontal. It is a big disadvantage of the MA-channel, but it is to say, that there is no ideal trading tools. The downtrend established and you may try short trades with close targets. 

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 because of the better than expected UK data. There is a probability of further growth towards 1,35000. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 or from current levels placing stops above the MA55. 

AUDUSD

 

The currency pair moved upwards without approaching the MA55 balance line to allow opening long trades. It reached the MA55 balance line in the evening only, but the speed of the momentum was to high and it did not make sense to open any trade. It was clear, that after a morning upside momentum, there would be no another attempt in the evening. The currency pair changed its tendency and today we expect it to develop correction.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair was in a downside tendency for the past three weeks, but it is in a corrective growth at the moment. The target for further downtrend is at 0,71500.

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

USDCHF

 

The currency pair established new lows according to our expectations and then it moved upwards sharply. The situations is similar to the AUD/USD’s one. The currency pair did not get the balance line before the downside momentum and offered no opportunity to open short trades. The evening growth was too sharp to sell and the price had reached already the profit area previously. Today we expect USD/CHF to develop its upside correction.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair reached already the 0,99000 area, but the US data was worse than expected and stopped the upside tendency. We expect some decline this week.

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open long trades from the MA55 balance line with stops below the curve.

Gold/Silver Technical Outlook September 9, 2016

GOLD (XAUUSD)

The attempt to get closer to 1350,00 was weak and was unsuccessful. The price declined after this attempt, touched long order and then closed it by stop. The current situation is clear. Investors need important reasons to buy XAU/USD. The uptrend may continue only if further US data disappoints market participants. We advise to wait until the next week and follow the US data carefully. 

There is the uptrend on the Weekly chart as the price is above the MA55. Gold price declined last week but regain positions by the end of Friday. We expect some moderate growth this week.

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

SILVER (XAGUSD)

XAG/USD failed to approach 20,00 level and went towards the MA55 balance line yesterday. There was an opportunity to open a long trade, but your positions would be closed by stop as the price was unable to resume the uptrend. There is the downtrend at the moment and it is better to open short trades from the MA55 area. However, we advise to establish small targets as this downside move is a part of a correction.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth targeting 20,00. 

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

 

[Adamant Finance]

Technical Outlook September 12, 2016

EURUSD

 

EUR/USD declined ion Friday despite expectations of consolidation. USD growth was provoked by the FOMC members statements. Rates hike odds during September FOMC meetings have grown to 30% from 18% on Thursday. It is to mention that this week there are also some comments from the FOMC members that may influence markets fluctuations. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Attempts to grow towards 1,15000 failed for the moment as the price stopped at 1,13000. We expect EUR/USD to decline this week as fundamental factors have significant impact on markets presently.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. The risks of further decline are too high at the moment and there is an opportunity to open short trades from the MA55 balance line with stops above this curve. However, it is rather dangerous to sell as there is a high probability of upside correction.

 

GBPUSD

 

The currency pair established a downtrend on Friday in the morning and we gave recommendations to open short trades. You had an opportunity to sell in the morning and get some profit. Today we see that the downtrend is in progress. We advise to open short trades from the MA55 balance line. 

There is the downtrend on the Weekly chart as the price is below the MA55. The price is close to the previously expected 1,35000 level and reversed at the moment. We expect the currency pair to go dow towards 1,30000.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. WE advise to open short trades from the MA55 area (or from the trendline). Place stops above the MA55 balance line. 

AUDUSD

 

AUD/USD’s decline had an acceleration on Friday. The currency pair failed to reach the balance line and there was no opportunity to open short trades. However, we can see that our expectations became true. AUD/USD is in a downtrend at the moment. The impact of USD on the currency pair is expected to be higher, than the influence of Australian data. The fact that the FOMC meetings take place the next week makes the currency pair vulnerable to all data and statements concerning USD.

There is still the uptrend on the Weekly chart as the price is above the MA55. There is a Doji pattern close to the trendline. It is a strong signal that the reverse is probable. Furter decline target at 0,71500 is far from the current price 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading today as the price is close to the lower side of the MA-channel. It is better to wait until the market is more stable.

USDCHF

 

USD/CHF made new weekly lows according to our expectations and then it had a sharp growth. The situation is similar to AUD/USD. The currency pair did not reach the balance line before decline and offered no opportunity to open short trade. The further growth on Friday’s evening was too sharp to sell and the price made a long way before. Today we expect the growth to continue. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There was a decline last week as we expected. There is a probability of some moderate growth in the next five days.

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

Gold/Silver Technical Outlook September 12, 2016

GOLD (XAUUSD)

XAU/USD resumed its decline on Friday. However, there was no opportunity to open short trade as the price did not approach to the MA55 balance line. The precious metal asset was under pressure on Friday because of the FOMC members statements. Those comments raised rates hike odds. It is to say, that those statements are nothing mare than just words. However, they influence investors and we advise to pay attention to them. There is a probability of further decline in the next five days.

There is the uptrend on the Weekly chart as the price is above the MA55. There was a moderate growth last week, although the trendline was not broken through. The price bounced off the trendline and reversed in the downside direction. We expect the negative dynamics to continue this week.

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

SILVER (XAGUSD)

XAG/USD accelerated its decline on Friday and did not approach the MA55 balance line. There was no opportunity to open short trades. We have missed a considerable decline and here lies the negative aspect of this strategy. However, it is too risky to open trades far from the MA55 balance line and we have to wait for other opportunities.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD reached the trendline at 20,00 and then reversed. We expect the asset to decline in the next five days. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. WE advise to avoid trading as the price is close to the lower side of the MA-channel.

[Adamant Finance]

Technical Outlook September 13, 2016

EURUSD

 

The currency pair is still influenced by the FOMC members comets on the probability of interest rates raise in US. Lael Brainard made a statement yesterday that there are almost no grounds to raise rates as the situation on the US Labor Market had almost no impact on inflation as previously assumed. It is to say that those words was disappointing for those investors who wanted Brainard to change her mind. FOMC member’s comments declined the interest rates hike odds to 15%. However, you had an opportunity to open short trade yesterday and you could get some 400 pips profit. USD may be under pressure this week.

There is no trend on the Weekly chart as the price is close to the MA55. The attempts to grow stopped at 1,13000 and the currency pair failed to reach 1,15000. We expect EUR/USD to decline in the next couple of days. However, it is better to wait markets reaction on yesterday’s FOMC member comments.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading and observe fluctuations.

 

GBPUSD

 

The currency pair failed to grow towards the MA55 balance line and reversed downwards reaching daily low. There was no opportunity to open short trades. However, there was another break of the tendency and the price broke through the trendline on the Hourly chart. Yesterday’s FOMC member comments may exert pressure on USD, allowing GBP/USD to grow further. We advise to pay particular attention to the CPI y/y data which is to be released today.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair almost reached 1,35000 target and reversed downwards. There is a high probability that GBP/USD is going towards 1,30000 at the moment.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 balance line area with stops below this curve.

AUDUSD

 

The currency pair rose to the balance line and there is an opportunity to open short trades at the moment. However, AUD/USD may continue its upside tendency as the other allied currency do after the FOMC member comments. You may try short trades today. However, the risks are still too high.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a Doji on the Weekly chart close to the trend line. It is a strong signal that the tendency may change. You may try short trades from here targeting 0,71500. However, this aim is still too far from the current price.

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

USDCHF

 

The currency pair offered some good opportunities to open long trades in the beginning of European session. However, there was almost no further growth because of the FOMC member comments. The price entered profit area and you could take about 200 pips or protect your trades. Today we expect the tendency to change and it is better to avoid trading during the day.

There is still no trend on the Weekly chart as the price is fluctuating around the MA55. The price declined last week as we expected. There is a probability of growth in the next couple of days. 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to open short trades from the MA55 area with stops below the curve.

Gold/Silver Technical Outlook September 13, 2016

GOLD (XAUUSD)

XAU/USD went back to the MA55 balance line and there is a high probability of the tendency reverse. Those changes were influenced by the FOMC member Brainard comments. She thinks that it is too early to raise rates as the grounds to tighten the monetary policy are too weak. Interest rates futures declined to 15% from 30%. Those comments may exert pressure on USD and there is a probability that XAU/USD will reverse upwards.

There is the uptend on the Weekly chart as the price is above the MA55. We have seen some moderate growth last week. However, the trend line held bulls attacks. Those attempts resulted in reverse and XAU/USD went downwards. The negative dynamics may continue in the next couple of days. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. You may try short trades from the MA55. However, the risks are still too high.

SILVER (XAGUSD)

XAG/USD went back to the MA55 balance line and there was a good opportunity to open short trades. The trend looks downwards and you may try to open short trades. However, there are risks that the current tendency may reverse in the nearest future. 

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD reached the trend line at 20,00 and reversed. We expect the negative dynamics to continue this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. You may try short trades from the MA55 balance line. However, the risks are too high.

[Adamant Finance]

Technical Outlook September 14, 2016

EURUSD

 

The currency pair was in a range with a low volatility yesterday despite the fact that the other assets were trading with higher dynamics. The German ZEW Economic Sentiment report was disappointing as the final result had no changes in comparison with the previous one. However, Bloomberg experts expected it to rise to 2,8 points. It is to mention that British data was also worse than expected allowing USD to gain momentum. If today’s Eurozone data is also disappointing, there is a probability of change in trend. 

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair tried to grow towards 1,15000 and stopped at 1,13000. There is a probability of decline this week according to technical analysis. 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading and observe fluctuations today.

 

GBPUSD

 

The currency pair resumed its downside tendency after the weak UK CPI y/y data. Experts expected it to rise to 0,7%. However, final result was 0,6% that is equal to the previous CPI data. However, there was an opportunity to open long trades before the sharp decline as there was some short growth from the MA55 balance line. You had an opportunity to earn a little. Today we advise to pay attention to the UK Labor Market data as it may influence fluctuations considerably.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair almost reached 1,35000 level and then reversed downwards. There is a probability of further decline in the next couple of days according to the technical analysis.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. It is better to avoid trading today as the price is far from the balance line.

AUDUSD

 

There was an opportunity to open short trades from the MA55 balance line. Eventual profit would be great. The currency pair is in an active stage of the trend at the moment. However, we expect it to end very soon. Then, there is a probability of sharp correction. Today’s Australian data was worse than expected and we expect the currency pair to continue its negative dynamics.

There is the uptrend on the Weekly chart as the price is still above the MA55. The currency pair ended the last week with a Doji close to the trendline. It is a good signal for AUD/USD to change dynamics and you may try to find enter points this week. Further downtrend may target 0,71500 level which is still far from the current price.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. It is better to wait until the price is back to the balance line to open trades. 

USDCHF

 

The currency pair resumed its upside tendency and the long trades from the MA55 balance line were successful. The price entered the profit zone and you could earn about 400 pips. However, the uptrend is still unclear and we gave no recommendations. Today we expect this trend to slow down.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. There was a decline last week that we had expected previously. There is a probability of some growth in during the current week.

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

Gold/Silver Technical Outlook September 14, 2016

GOLD (XAUUSD)

We gave recommendation to open short trades yesterday. And those orders could bring you some profit as the price was in a profit area. Today we expect the decline to slow down as the precious metal asset established a new low. However, this new low is close to the previous one and this may be a clear sign of a trend slow down.

There is the uptrend on the Weekly chart as the price is above the MA55. There was a moderate growth last week but the trend line was not broken through. The price bounced off the line and moved downwards. We expect this asset to continue its negative dynamics in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. It is better to avoid trading today.

SILVER (XAGUSD)

There was an opportunity to sell XAG/USD from the balance line according to our recommendations. The price reached the profit area and you had a chance to earn. However, at the moment we can see some trend slowdown which is clear as there was no new lows established since Monday. We expect a correction to take place.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD reached the trendline at 20,00 and then reversed downwards. There is a probability of further downside dynamics this week. 

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. It is better to avoid trading today.

 

[Adamant Finance]

Technical Outlook September 15, 2016

EURUSD

 

The currency pair held its positions even after a weak Eurozone manufacturing index. Investors pay attention to the US data. Yesterday’s import and export prices data was disappointing and USD was under the pressure. Today there is a large number of releases and we expect considerable volatility growth during the day. As for the technical analysis, the currency pair has still no trend as the situation is unclear.

The trend is neutral on the Weekly chart as the price is close to the MA55 balance line. There were some attempts to grow towards 1,15000. However, the price stopped at 1,13000 and reversed then. There is a probability of further decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. It is better to avoid trading today as many important releases expected.

 

GBPUSD

 

The currency pair reached the balance line after US data that was weaker than expected. UK Labor Market statistics was mixed and had almost no influence on GBP. We recommend paying attention to the Bank of England Meetings event which it to take place today. The British central bank is expected to leave the current monetary policy unchanged. However, investors will likely pay attention to the MPC members comments on the future of rates and Bond buying programme. It is also important to wait until the US Retail Sales and Philly Fed Manufacturing index data.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair has almost reached the target at 1,35000 and reversed on the top of the upside tendency. We expect GBP/USD to decline in the next couple of days according to technical analysis.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is above the MA55. You may try short trades from the trendline with stops above this line.

AUDUSD

 

The currency pair is trading within a range and had no sharp bounce off. There is a probability of further decline. Today’s Australian Labor Market data was mixed and had almost no influence on AUD/USD. There are no factors to support the currency pair. However, it is better to wait until the US data is to be released. 

The uptrend is still in progress on the Weekly chart as the price is above the MA55. The currency pair formed a Doji last week. This pattern may be a sign of future reverse in tendency. We advise to seek for short trades triggers this week. As for targets, the currency pair aims 0,71500 level which is still too far from the current one.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. You may try short trades from the balance line area.  

USDCHF

 

The situation with the currency pair is still unclear as there is still no trend. Today’s US data may change the situation and make it more clear for traders. However, it is difficult to say something about the future direction of fluctuations as we have no idea how positive or negative today’s data may be. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. WE have seen some decline last week and we expect the currency pair to grow in the nearest future. 

There is also no clear direction on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. It is better to avoid trading at least before results of the US data releases.

Gold/Silver Technical Outlook September 15, 2016

GOLD (XAUUSD)

XAU/USD stopped its downside tendency although we expected it to slow down. However, we gave no trading recommendations yesterday. There is a large number of important US data today and the results may influence further fluctuations. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some moderate growth last week. However, the price was unable to break through the trend line. Those fluctuations resulted in a reverse of tendency. This week we expect the negative dynamics to continue.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today as the trend is still unclear.

SILVER (XAGUSD)

This asset is trading within a triangle and we expect it to break through the pattern during American session. The direction is to be established by the results of the US data.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD reached the trendline at 20,00 and reversed. We expect the downside dynamics to continue this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today as there are no signs of any trend.

 

 

[Adamant Finance]

Technical Outlook September 16, 2016

EURUSD

 

The currency pair is trading within a previously established range. Weak US Retail Sales data could provoke some growth. However, stronger than expected US Philly Fed data gave support to USD. Interest rates futures declined as 46% of investors expect interest rates to hike in December against 53% previously. September Interest rates hike odds declined to 12 against 15% previously. The currency pair had an opportunity to strengthen again. However, there was almost no growth. Investors are awaiting US CPI data which is to be released today.

There is no trend on the Weekly chart as the price is close to the MA55. There were some attempts to grow towards 1,15000. However, the price stopped at 1,13000 and reversed downwards. We expect EUR/USD to decline according to the technical analysis.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading as some important US data is to be released during American session.

 

GBPUSD

 

The currency pair failed to grow towards the MA55 balance line and there was no opportunity to open short trades. However, GBP/USD showed bearish moods before the US Retail Sales data. The currency pair grew after the US statistics which was weaker than expected. We advise to pay attention to today’s US CPI data as it may considerably influence current market situation. 

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD had almost reached 1,35000 level and reversed downwards. We expect the currency pair to continue its decline this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We advise to avoid trading and wait for the US data to be released.

AUDUSD

 

The currency pair had some growth right after the weak US Retail Sales data. There was an opportunity to open short trades during European session. However, the downside tendency was too weak to earn something. The price entered profit area and there was an opportunity to take about 200 pips. During American session the currency pair reversed upwards and gained a sharp momentum.

There is the uptrend on the Weekly chart as the price is above the MA55. We can see a Doji on the Weekly chart close to the trendline. It is a positive signal for the short trades and you can search for sells this week with targets at 0,71500. 

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading and wait until some clear signals appear.  

USDCHF

 

The currency pair continues to balance within a range, established this week. There is a high probability of the downtrend to develop. However, USD/CHF is still trading within this range and we can state that the trend is neutral. It is better to avoid trading in this situation and wait for better opportunities.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. We have seen a decline last week. There is a probability of some growth during this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to avoid trading and wait until the situation is clear.

Gold/Silver Technical Outlook September 16, 2016

GOLD (XAUUSD)

XAU/USD declined after some sharp fluctuations. Yesterday’s data should give some support to this asset. However, we have seen no signs of growth. The situation is still unclear and we expect today’s US CPI data to bring some action. This statistics will certainly influence FOMC decision. 

There is the uptrend on the Weekly chart as the price is above the MA55. We have seen some moderate growth last week. However, the trendline held its positions and the price bounced off it and reversed. We expect the negative dynamics to continue this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. It is better to avoid trading today as the situation is far from being clear. 

SILVER (XAGUSD)

Silver price remained within a triangle regardless worse than expected USD Retail Sales data. We expect today’s US CPI data to have more influence on precious metals. Inflation is a key statistics that may finally influence FOMC decisions. However, the situation is still unclear and may remain unchanged for longer period as investors wait for the FOMC Meetings next week. 

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD reached the trendline at 20,00 and reversed downwards. We expect the negative dynamics to continue this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today as the situation remains unclear.

 

[Adamant Finance]

Technical Outlook September 19, 2016

EURUSD

 

Surprising Friday’s US CPI data had a considerable impact on EUR/USD and pushed it down. CPI growth was not significant as it changed to 0,1% only. However, it was enough to change market’s mood and lead to downside tendency. This data increased interest rates hike odds. It is to notice, that the results of 2 day’s FOMC Meetings are to be announced on Wednesday. The currency pair may be trading within a range before this event. In addition, there is no important data from Eurozone and US within those three days which may influence fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair may continue its decline this week depending on the results of FOMC Meetings. If the Fed decides to hike rates, USD will gain strong momentum. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. The currency pair is still far from the MA55 balance line and we advise to wait until it is back to the curve to open positions.

 

GBPUSD

 

The currency pair was moving down for the whole Friday as the market participants estimate the probability of further UK economics slow down due to the Brexit. Bank of England decided to leave the current monetary policy unchanged. Latest UK data was better than expected. However, fears still rule the market. US stronger than expected CPI m/m data was another reason for GBP/USD to go down. Today we expect some consolidation.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair reached 1,30000 and may continue to decline towards 1,2850 this week. We advise to pay attention to the results of FOMC meetings on Wednesday.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. The currency pair is still far from the MA55 balance line. We advise to wait until it is back to the curve to take any trading decision.

AUDUSD

 

There was a moderate decline of the currency pair on Friday. However, it started to grow today in the morning. AUD/USD tries to reach the last week’s highs. This currency pair may be the only one to continue its dynamics regardless the upcoming FOMC Meetings. It is too late to open long trades as the price is already far from the MA55.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went down last week according to our expectations. However, this downside move was not significant. We still think that AUD/USD targets 0,71500. 

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. It is better to take no decisions at the moment.  

USDCHF

 

Friday’s US CPI m/m data pushed the currency pair upwards after some moderate fluctuations before the release. However, we expect USD/CHF to be trading moderately as the market is waiting for the results of the FOMC Meetings.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There was some growth last week. This upside dynamics may continue this week. 

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading and wait for better signals to take decisions.

Gold/Silver Technical Outlook September 19, 2016

GOLD (XAUUSD)

XAU/USD declined on Friday after US CPI m/m data as inflation showed stronger growth than expected. However, this growth was not enough to raise interest rates hike odds. It is to say that December FOMC Meetings hike odds grew considerably. Investors and experts wait for the inflation to increase its speed and they suppose the Fed to take decision on tightening the monetary policy. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some decline last week which was clearly seen according to the technical analysis. This week we expect XAU/USD to bounce off the red trendline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. You may try short trades from the MA55 balance line. However, your targets should be limited. 

SILVER (XAGUSD)

XAG/USD left the triangle downwards. However, the price went upwards today in the morning. The situation is still unclear as there is no trend on the chart. We advise to avoid trading and wait until there are some clear signals. 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to be trading within last week’s range.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. It is better avoid trading as there is no clear trend.

 

[Adamant Finance]

Technical Outlook September 20, 2016

EURUSD

 

The currency pair dynamics was according to our expectations. EUR/USD was trading in a tight range with low volatility waiting for the FOMC to take any decision. We can see the downtrend on the chart. However, the situation is still unclear and the currency pair is unlikely to develop its downside tendency before the FOMC Meetings. This dynamics may continue until Wednesday’s evening. If the currency pair leaves the range, there is a probability of further downside movement.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. It is better to wait until the FOMC members take any decision. If they hike rates during September’s Fed meeting, USD may gain some additional support against other major currencies. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. The currency pair is trading within a range. You may try short trades from the MA55 balance line. However, remember, that the fluctuations are limited and the targets should be close to the current price.

 

GBPUSD

 

The currency pair moved both directions yesterday as we had expected it previously. FOMC Meetings are to take place on Wednesday and investors still have no idea about the probability of interest rates hike. If there is any movement before the event, it may be downside as we have a downwards tendency on the Hourly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair reached 1,30000 as we had previously expected. The next target may be at 1,2850.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. The currency pair is trading within a range and you may try short trades from the MA55 balance line. However, be careful and place your targets close to the current price as the range is rather tight.

AUDUSD

 

The currency pair established a new weekly high yesterday. However, we expect AUD/USD to slow down and there is a probability of range trading. Today’s Reserve Bank of Australia Meeting results showed that the central bank is satisfied with the current situation and has nothing to change. It is better to avoid trading the currency pair at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair declined last week according to our expectations. However, this downside movement was short. We still expect the currency pair to reach 0,71500.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading today as tomorrow the results of the FOMC Meetings will be released.  

USDCHF

 

There was no further growth of USD/CHF yesterday and the currency pair is trading within a range at the moment on the eve of the Fed Meetings event. It is better to avoid trading at the moment as the probability of further growth is still too weak at the moment.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. There was some growth last week. We expect this dynamics to continue this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading on the eve of important events, which are to take place tomorrow.

Gold/Silver Technical Outlook September 20, 2016

GOLD (XAUUSD)

XAU/USD was trading in a tight range on Monday. Short trades were unsuccessful and you could fix them at breakeven level at least. It is better to take no decision at the moment as the market awaits for the results of FOMC meetings which are to be released on Wednesday. Interest rates futures indicates that only 12% of market participants expect the interest rates hike during September Fed Meetings. There is a probability of further XAU/USD growth.

There is the uptrend on the Weekly chart as the price is above the MA55. We have seen a decline according to the technical analysis last week. The asset may bounce off the red trendline this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. It is better to take no decision at the moment.

SILVER (XAGUSD)

Market participants have already played the scenario in which FOMC members decide to do nothing. However, if they hike rates, XAG/USD may have a considerable and sharp decline. It is better to avoid trading as the situation is still unclear.

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to be trading within a range of the last week.

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. It is better to avoid trading and observe fluctuations.

[Adamant Finance]

Technical Outlook September 21, 2016

EURUSD

 

The currency pair had a sharp upside momentum and wasted a short trades from the MA55 balance line. Yesterday session resulted in an expected decline. However, we had no opportunity to open any position. Today is a “D-day” for the USD as the results of two days’ FED marathon will be released. There are several scenarios but we are going to describe only two of them. FOMC decides to leave the rates unchanged. If this scenario comes true, USD may be under pressure and decline. There is also another possible scenario – FOMC decides to leave rates unchanged but make some signals of readiness to hike rates during December Meetings. In this case USD may gain some support in advance.

There is no trend on the Weekly chart as the price is close to the MA55. There is a probability of further EUR/USD decline this week if FOMC decides to hike rates.

The situation is still neutral on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to open trades right after the release of the FOMC decision. It is better to avoid trading before this event.

 

GBPUSD

 

There was a good opportunity to open short trade. The price declined for more than 1000 pips and you had an opportunity to take some profit. Today investors are going to pay attention to the FOMC Meetings results.

There is the downtrend on the Weekly chart as the price is below the MA55. The price reached 1,30000 and may continue its downside tendency towards 1,2850. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open trades after the release of FOMC decision only. It is better to avoid trading before the event.

AUDUSD

 

The currency pair is trading within a range according to our expectations. Today the FOMC decision is to be released. AUD/USD looks upwards and any negative scenario for USD would give additional support for the currency pair. However, at the moment there is no possibility to understand what is to be happening in the evening. 

There is still the uptrend on the Weekly chart as the price is above the MA55. The currency pair declined last week according to our expectations. WE still think that AUD/USD may reach 0,71500.

The uptrend is still in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading before the release of the FOMC Meeting decisions.  

USDCHF

 

The probability of further growth is still too weak. The price have made a short upside movement in the beginning of the European session and then it stood at place for the whole day almost. Today we recommend paying attention to the results of FOMC Meeting. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. We have seen the expected growth last week. This dynamics may continue this week.

The situation is neutral on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. WE advise to wait until the results of FOMC Meetings to take any decision.

Gold/Silver Technical Outlook September 21, 2016

GOLD (XAUUSD)

XAU/USD was trading in a tight range. Wednesday is a very important day for the precious metals as all investors are waiting for the results of FOMC Meeting. There are several scenarios and we are going to describe two of them. First, FOMC leaves the rates unchanged and give no signals about further rates hikes during the current year. In this case Gold and Silver may grow. Second, rates remain unchanged but FOMC gives signals about the probability of rates hike during December’s Meeting. IN this case USD may gain some support in advance. This scenario is negative for Gold and Silver.

There is the uptrend on the Weekly chart as the price is above the MA55. We have seen some decline according to the technical analysis last week. We expect the price to bounce off the red trend line this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to open trades after FOMC Meeting.

SILVER (XAGUSD)

Silver price stopped its growth yesterday and was trading within a range. Today we expect this dynamics to continue as investors wait for the results of FOMC Meeting. 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to be trading within a range.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. WE advise to avoid trading before the results of FOMC Meeting.

[Adamant Finance]

Technical Outlook September 22, 2016

EURUSD

 

The currency pair was in uptrend after the release of the results of two days’ FOMC Meeting. Interest Rates remained unchanged and Fed has made a signal that rates hike is possible in the next few months. However, market participants decided to sell USD as FOMC members said that the economy growth is still unstable and there may be no rates hike in the nearest future. It is also to mention that there was nothing new in FOMC members speeches. Finally, there was no clear hint on the probability of interest rates hike in December.

There is still no trend on the Weekly chart as the price is close to the MA55 balance line. USD is under pressure at the moment and the probability of further moderate growth of EUR/USD is high. 

There is no clear tendency on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. You may try long trades from the MA55 balance line area with stops below this curve.

 

GBPUSD

 

The currency pair may grow in the nearest future because of the results of FOMC Meeting. Today we recommend paying attention to the UK manufacturing orders data. It is also important to take into consideration MPC members Cunliffe and Carney comments. They may give some support to the currency pair. 

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair failed to reach 1,28500 and we expect GBP/USD to grow.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. You may try long trades from theMA55 balance line area with stops below the curve.

AUDUSD

 

AUD/USD is still looking upwards after FOMC and Bank of Japan decisions. The price is close to a strong resistance level (weekly chart trend line). The chances to break it through are very high as FOMC decision to leave rates unchanged give additional support to the currency pair. We advise to avoid trading, but as soon as AUD/USD breaks this resistance you may try long trades from it. 

There is still the uptrend on the Weekly chart as the price is above the MA55. We expected the currency pair to go towards 0,71500. However, those expectations are lower at the moment and if the price is able to break through the resistance line, the scenario will change completely.

The uptrend is still in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the trendline if the price breaks it through on the Weekly chart. 

USDCHF

 

USD/CHF has made to bursts down after the FOMC and the Bank of Japan decisions. Both regulatory authorities left interest rates unchanged. The currency pair stopped close to the trendline on the Hourly chart and had an opportunity to break it through today. We advise to open short trades if it happens.

There is no trend on the Weekly chart as the price is moving around the MA5 balance line. We expect the currency pair to continue its decline after the release of FOMC decision.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. You may try short trades from the MA55 area with stops above the curve. Another opportunity to sell will be available if the price breaks through the trend line on the Hourly chart.

Gold/Silver Technical Outlook September 22, 2016

GOLD (XAUUSD)

XAU/USD started to grow even before the release of FOMC decision. It is possible, that market participants were inspired by the fact that the Bank of Japan left rates unchanged and has made no crucial decisions. Investors though that FOMC was going to do the same thing and started to buy Gold and Silver. Market participants decided to sell USD as the situation with US growth is still unclear. In addition, there was nothing new or interesting in FOMC members’ speeches. We think that the main reason to sell USD was the fact that there was no clear hint on interest rates hike in December. 

There is the uptrend on the Weekly chart as the price is above the MA55. We have seen some decline according to the technical analysis last week. We expect XAU/USD to bounce off the red trendline this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading as the price is close to the upper side of the MA-channel.

SILVER (XAGUSD)

Silver had some growth yesterday and continues to develop the upside tendency. Market participants have doubts about the probability of monetary policy tightening by the Fed this year. US interest rates futures still indicates that the possibility of interest rates hike in December is at 55%.

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to be trading within last week’s range.

The uptrend is in progress on the Weekly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading at the moment as the price is close to the upper side of the MA-channel.

[Adamant Finance]

Technical Outlook September 23, 2016

EURUSD

 

The currency pair is in the uptrend presently as the price did not decline towards the MA55 balance line. This tendency established after the FOMC Meeting as Fed had decided to leave rates unchanged. Another Interest rates hike is possible in December. The probability of this event is about 50-60%. This fact gives the opportunity for the Bulls to run the market upside. There was some sharp decline during the American session yesterday which is rather strange. If the currency pair crosses 1,12000 level, there is a possibility of further decline and even a change in the current trend. We still expect that the uptrend is to continue. There are no important events today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. FOMC decision exert pressure on USD and there is a probability of further moderate growth of the currency pair.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You may try long trades from the 1,12000 area with stop at 1,11800.

 

GBPUSD

 

The currency pair had an expected growth yesterday. However, there was no opportunity to open a long trade from the MA55 balance line. The price went upside without corrections. In the seconds half of the day there was some serious correction which may target 1,30150.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair failed to reach 1,28500 and may reverse in the upside direction. 

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You may try to open long trades from 1,30150-1,30400.

AUDUSD

 

There was no breakthrough of the trendline on the Weekly chart and the currency pair’s growth slows down. The probability of breakthrough of the trend line today is low as it is Friday. However, it may still happen. We expect the currency pair to do it next week.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair still have the opportunity to go down towards 0,71500. However, if it breaks through the trendline, this scenario is to be canceled. 

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades if the currency pair breaks through the trendline on the Weekly chart.

USDCHF

 

The currency pair has broken through the trendline on the Hourly chart according to our expectations. There was an opportunity to open short trades as we had advised previously. The break through resulted in additional 600 pips. We expect some correction towards the broken through trendline. 

There is no trend on the Weekly chart as the price is balancing around the MA55 balance line. The currency pair may continue its decline after the FOMC decision to leave rates unchanged. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. You may try short trades from the MA55 curve and place stop above this Moving Average.

Gold/Silver Technical Outlook September 23, 2016

GOLD (XAUUSD)

XAU/USD continued to grow close to the upper side of the MA-channel. We gave a recommendation to avoid trading as correction was on the way. Yesterday’s fluctuation resulted in new highs and then the price went down. The correction is in progress at the moment. It may target the MA55 curve.

There is the uptrend on the Weekly chart as the price is above the MA55. There was a decline according to the technical analysis last week. We expect the price to bounce off the red trend line this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55 balance line. Place stop below the curve.

SILVER (XAGUSD)

XAG/USD has done another upside burst and meet a strong resistance at weekly trendline. Market participants tried to break through this line several times but all those attempts failed. XAG/USD could cross the resistance today. However, the dynamics is still weak and we expect new attempts the next week only. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We expect this precious metal to be trading within the last week’s range.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55 balance line with stops below the curve.