Adamant Finance - Daily Analysis

[Adamant Finance]

Technical Outlook September 27, 2016

EURUSD

 

The currency pair crossed the trendline on the Hourly chart and showed its upside moods in the beginning of the current week. Yesterday’s German Ifo Business Climate data was better than expected as it reached 109,5 points against previous 106,3. This data had an impact on EUR/USD. There was an opportunity to buy from the MA55 balance line. You could take about 500 pips as profit in this case. We expect the currency pair to grow moderately today. However, you have to pay attention to ECB and FOMC members comments as they may change the situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. FOMC Meeting last week resulted in no decision on interest rates hike and we expect the currency pair to grow moderately as USD is under pressure at the moment.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You can try long trades from the MA55 area or from the broken through trendline. Place stops below the MA55 or trendline.

 

GBPUSD

 

The currency pair is trying to slow down its decline and the pattern that we have seen yesterday, proves this fact. However, it is still too early to buy as the trend is still looking downwards and the situation may change at any moment. Today there is no important data from UK neither from the USA. If the currency pair breaks through 1,29900, the current trend will change. 

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There are some technical aspects that indicate on the probability of GBP/USD growth in the next couple of days.

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 avoid trading and observe fluctuations looking for clearer signals.

AUDUSD

 

The currency pair breaks through the trendline on the Weekly chart and opens a new page in its history. Everything is clear at the moment and this breakthrough looks to be true. You may try to open long trades from 0,76500. However, we are not sure that the trend is already established and this trade will be too risky. 

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The chances to decline towards 0,71500 are already very weak and if we have a true breakthrough of the trendline at 0,76500, the downside scenario will be changed.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. We advise to try long trades. However, you are to remember that long positions are too risky at the moment as there is no clear confirmation of the breakthrough.

USDCHF

 

The currency pair approached the MA55 balance line yesterday in the morning allowing to open short trades. Then USD/CHF moved down for about 400 pips offering an opportunity to take profit. This week seems to be nervous due to the enormous number of FOMC representatives speeches and debates between Clinton and Trump. The currency pair breaks through the trendline on the Hourly chart and we advise to avoid trading at the moment.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. USD/CHF may continue to decline after the FOMC Meetings that took place last 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 observe fluctuations without taking any decision at the moment.

Gold/Silver Technical Outlook September 27, 2016

GOLD (XAUUSD)

XAU/USD did an attempt to reach the trendline on the Weekly chart yesterday. However, there is still no potential for further growth. We expect such a dynamics to continue today. This is the first possible scenario. The second one is the following: XAU/USD becomes weaker and is going to do a deeper correction. Anyway, it is better to observe fluctuations without taking any trading decision as there is no clear trend.

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

There is no trend on the Hourly chart a the MA-channel is horizontal and the price is below the MA55. It is better to avoid trading today.

SILVER (XAGUSD)

XAG/USD continues to decline. Silver reacts on all market events presently. There is the downtrend and you may try short trades.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. We expect XAG/USD to be trading within a range in the next couple of days. 

There is a downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. It is recommended to open short trades from the broken through trendline. Place stops above it.

 

[Adamant Finance]

Technical Outlook September 28, 2016

EURUSD

 

The currency pair declined yesterday because of the better than expected US data, debates between Clinton and Trump, OPEC meeting and FOMC members’ comments. It is to mention that the main OPEC meeting is to take place today. Long trades failed to bring profit. The trend is going to change as we may see the breakthrough of the upside trendline. We advise to try short trades. Pay special attention to 1,11900-1,11920 area. In addition, there are many events to follow today. US durable Goods Orders, Crude Oil Inventories, Janet Yellen and Mario Draghi speeches and so on. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. FOMC meeting resulted in no decision on interest rates. USD is under pressure at the moment. However, there are some important events this week which may change the situation. 

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 or from the broken through trendline. Place stops above this line.

 

GBPUSD

 

The currency pair 1,29900. This was the key area to observe as the uptrend starts above it. We expect GBP/USD to go upwards to 1,30600. Here lies the trendline. However, it is too risky to open long trades as technical analysis fails this week. There are some opportunities to buy, but remember to protect your trades. In addition, it is important to pay attention to MPC member’s Shafik comments today. 

The downtrend is in progress on the Weekly chart as the price is below the MA55. The currency pair is able to grow this week according to the technical analysis. 

The uptrend is developing 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. However, you should remember about risks and protect your positions with stops.

AUDUSD

 

Long trades from 0,76500 gave some profit. The currency pair entered a profit area for about 250 pips which is enough to protect the trades by placing stops at breakeven area. You can leave your trades targeting 0,77200-600. 

There is still the uptrend on the Weekly chart as the price is above the MA55. The trendline t 0,76500 was broken through and this fact cancels the scenario for AUD/USD to go down towards 0,71500.

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 hold your long trades and move stops to breakeven if possible.

USDCHF

 

The currency pair tries to go upwards, but there is still no trend as the MA-channel is horizontal. There is a large number of FOMC member’s speeches today and they will influence the market without any doubt. We advise to avoid trading and observe fluctuations as there is still no trend.

There is still no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. We expect the currency pair to go down after the FOMC meetings. However, at the moment it tries to break this scenario.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We advise to take no decision at the moment and observe fluctuations.

Gold/Silver Technical Outlook September 28, 2016

GOLD (XAUUSD)

XAU/USD is trying to go downwards as the correction was deeper than we had expected. The reason for precious metals to decline is the victory of Clinton over Trump in the first tour of debates. We expect the price to go down towards 1318,00 according to the technical analysis. However, it is not clear still and it is better to wait. There is a number of events to follow today. They may influence fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We have seen the asset to decline last week according to the technical analysis. We expect XAU/USD to bounce off the red trendline in the next couple of days.

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

SILVER (XAGUSD)

XAG/USD price reached the broken through trendline and resumed its decline according to our expectations. There was an opportunity to take a profit as the downside tendency was deep. We expect XAG/USD to have a correction today as it was in a downtrend for a couple of days.

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

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

[Adamant Finance]

Technical Outlook September 30, 2016

EURUSD

 

The currency pair continued to be trading in both directions despite the better than expected US GDP q/q data. After this statistics, market participants expectations on the probability of interest rates hike grew above 60%. However, there was no significant decline of EUR/USD.  Stock market was in a downtrend yesterday and this may be the reason why USD failed to go upwards. There is a large number of Eurozone and US data today. We expect the US data to influence further EUR/USD dynamics.

There is no trend on the Weekly chart as the price is close to the MA55. FOMC members decided to leave interest rates unchanged. We expect the currency pair to grow moderately.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take trading decisions only after the release of US data today.   

 

GBPUSD

 

The currency pair left the triangle downwards. It confirms that GBP is weak at the moment. However, there is a strong support level on the Weekly chart which holds all bearish attacks. We expect the currency pair to test this support several times today especially after UK and US data which is very important.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair has an opportunity to grow this week according to the technical analysis. However, we still see no signs of the uptrend. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no trading decisions as there are no clear signals to pay attention to. UK and US data today are very important and may influence further fluctuations.

AUDUSD

 

The currency pair confirmed that the breakthrough of the trendline on the Weekly chart was fake. In addition, we have seen AUD/USD to change its tendency to downside on the Hourly chart. This fact says to us that the upside momentum was too weak for the price to continue hold its positions at the same area. We expect US data to have considerable impact on AUD/USD today. 

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The scenario for the currency pair to go towards 0,71500 was cancelled as the trendline on the Weekly chart was crossed. However, if this breakthrough was really fake, AUD/USD may reverse towards 0,71500.

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

USDCHF

 

The currency pair’s dynamics is rather strange. We advise to avoid trading despite the downtrend that is clearly seen on the chart. This tendency may be short term one. It is better to wait until the release of the US data today as it may have a considerable impact on fluctuations.

There is still no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. We expected the currency pair to continue its downside tendency after FOMC meeting results. However, yesterday US GDP q/q data may change market participants’ moods.

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 take no decisions today as the situation is still unclear.

Gold/Silver Technical Outlook September 30, 2016

GOLD (XAUUSD)

XAU/USD established new weekly lows. However, better than expected US data took the wind out of Bears’ sails. Technical image on the Weekly chart prevent Gold from going further downside. New important events are needed to allow gold to decline significantly. Good US GDP 3rd quarter statistics may offer such an opportunity. However, it is to be released in the end of the year. We expect XAU/USD to establish new lows on today’s US data, although those new lows are supposed to be close to the previous ones.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We expect XAU/USD to trade within two trend lines this week ad there was a bounce of the trendline last week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. There is a probability for the currency pair to be trading in both directions. We advise to take no trading decisions today.

SILVER (XAGUSD)

XAG/USD is trying to reverse upwards after a considerable downtrend. The MA-channel is horizontal and may change the tendency today. US data is very important for further fluctuations forecast.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. 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 close to the MA55 balance line. We advise to wait for the trend to be changed. 

[Adamant Finance]

Technical Analysis October 3, 2016

EURUSD

 

The currency pair went down during European session after important news on German Deutsche Bank problems. However, it gained back all its lost positions after US Personal Spending data which was worse than expected and declined to 0,0%. Experts expected this data to decline towards 0,2% from 0,4%. We advise to pay attention to Eurozone’s and US Manufacturing PMI’s as those figures may influence fluctuations. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair is in a tight range and we expect this dynamics to continue during 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 balance line. It is better to avoid trading and wait for clearer signals at the moment.   

 

GBPUSD

 

The currency pair went in both directions during Friday and had no clear trend. GBP/USD is in the area to stimulate short trades with close targets. There is the downtrend and you may try short trades. We expect the currency pair to go further downwards as the market participants are waiting for Friday’s US non farm payrolls data. It is also important to pay attention to UK PMI data which may have considerable impact on the currency pair this week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in an uptrend in the beginning of the last week. However, it reversed in the end and we expect GBP/USD to continue to slide down during 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. You may try short trades from 1,29400.

AUDUSD

 

The currency pair moved down in the beginning of European session on Friday. However, after US Personal Spending data, AUD/USD went upwards. The trend still looks downwards. There was an opportunity to open short trades according to our recommendations on Friday from the broken through trendline. The price went in a negative area for about 120 pips. Today there is another opportunity to sell with close stops. 

There is still the uptrend on the Weekly chart as the price is above the MA55. A breakthrough of the trendline at 0,76500 was fake. The scenario for the currency pair to go down is still actual.

There is a weak 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 from the trendline. Place stops above the curve.

USDCHF

 

The currency pair restored its casual dynamics after Thursday’s momentums. USD/CHF has no current trend and is trading in a range. We expect the currency pair to grow a little this week as market participants are waiting for Friday’s US non farm payrolls data. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There is no clear tendency on the chart. We expect USD/CHF to grow this week on the eve of important US Labor Market data on Friday.

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

Gold and Silver Technical Outlook October 3, 2016

GOLD (XAUUSD)

XAU/USD established new lows close to the previous ones according to our expectations. US data was mixed. US Personal Spending data was worse than expected and USD is under some pressure at the moment. XAU/USD has an opportunity to gain back some lost positions. However, we expect the pressure on Gold to grow towards the end of the week due to important US Labor Market data. We expect XAU/USD to decline moderately today. However, since tomorrow, the tendency may be changed. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a high probability that XAU/USD break through the red trendline in the next couple of days.

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

SILVER (XAGUSD)

XAG/USD changed its trend on the Hourly chart as we have previously expected. However, when the price reached the upper side of the MA-channel, there was a sharp reverse downwards. We expect the uptrend to restore. However, it is still unclear who will dominate the market – Bulls or Bears. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The precious metal was trading within a range of the last week. We expect XAG/USD to decline this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. It is better to avoid trading at the moment as the situations is still unclear.

 

Edited October 4, 2016 by Adamant Finance

[Adamant Finance]

Technical Outlook October 4, 2016

EURUSD

 

The currency pair was in a range during European session. US manufacturing data was better than expected. Actual index is at 51,5 comparing with previous meaning at 49,4. This statistics gave some additional support to USD and the currency pair declined. US data plays crucial role at present. There is no important data from US today and we expect the currency pair to decline moderately after yesterday’s statistics. 

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair is trading within a tight range. We expect this dynamics to continue for the whole 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 today.   

 

GBPUSD

 

The currency pair is still under the influence of Brexit talks. UK Prime Minister said that the United Kingdom is going to initiate Brexit procedure before the second quarter of 2017. Those words added some pressure on GBP and allowed GBP/USD Bears to dominate again. Short trades from 1,29400 level according to our recommendations were successful as the currency pair declined for about 1200 points. Yesterday’s UK manufacturing PMI data was better than expected. Today it is important to pay attention to UK Construction PMI. However, this data may have no influence on GBP/USD.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair had some growth in the beginning of the last week. However, GBP/USD decline in the end. We expect the currency pair to decline moderately this week.

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 avoid trading at the moment as there are no clear signals to open positions.

AUDUSD

 

The currency pair continues to grow moderately despite the fact that other allied assets are in the local downtrend. AUD/USD gets some support from the growth of raw materials market. Short positions failed to bring profit. However, we expect this AUD/USD growth to be limited as it is going to decline at first sign of commodities market weakness. It is the main reason why we advise to avoid trading AUD/USD at the moment.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The breakthrough of the trendline was fake. It is the main reason why we think the downside scenario is still actual. 

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We advise to open short trades with low volumes from 0,7670. Place stops at 0,7690.

USDCHF

 

The currency pair show intention to grow and the trend line on the Hourly chart may be broken through. You may try to open long trade from the trendline with close stops (about 100pips). However, it is too risky to enter the market as the trend is still unclear. There is no important data today and the fluctuations may be limited with low volatility. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The trend is still unclear. We expect the currency pair to have some moderate growth this week.

The trend is still neutral on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to take no decisions at the moment. However, you may try long trades from the broken through trendline. 

Gold and Silver Technical Analysis October 4, 2016

GOLD (XAUUSD)

XAU/USD declined according to our expectations and we think that dynamics may change today. Yesterday’s better than expected US Manufacturing PMI data gave some support to USD. There was no opportunity to open short trades according to our recommendations as the price did not go to the key area. However, XAU/USD went downwards as we had predicted

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a probability that the price is going to break through the red trendline 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 take no decision and watch for the probable upside correction.

SILVER (XAGUSD)

Silver declined again and broke through the trendline on the Hourly chart. The downtrend may speed up. You may try to open short trades from 19,00 area. However, we expect limited fluctuations today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD was trading in a range last week and we expect it to 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 below the MA55 balance line. It is better to avoid trading at the moment as there are no clear signals. We advise to wait until the correction towards 19,00 ends.

 

 

[Adamant Finance]

Technical Outlook October 5, 2016

EURUSD

 

The currency pair established a range in which it may be trading before the key events of the week. It is to notice that on Friday there are two main events to follow – US Non-Farm Payrolls and US unemployment rate. Experts expect US Non-Farm Payrolls to rise towards 171K. As for the Unemployment Rate, this statistics may remain unchanged. Today we advise to pay attention to the ADP Non-Farm Employment change as well as to the ISM Non-Manufacturing PMI. We expect some sharp fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair is in a limited range and we expect this dynamics to continue during this week. 

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

 

GBPUSD

 

The currency pair crossed the support line and established new yearly lows. Brexit news still influence fluctuations. There is an important UK Services PMI data today. However, this data may give no support to GBP even if it is better than expected as the currency pair has strong Bearish moods. There is a probability of a consolidation or of a limited correction before further downtrend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in the uptrend in the beginning of the last week but it lost its positions in the end. We expect the currency pair to continue its downside tendency.

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

AUDUSD

 

The currency pair was in an uptrend in the morning because of the better than expected Australian Retail Sales data. However, there is a probability of decline of AUD/USD during the day. A triangle was established and further direction will depend on which of two sides is to be broken through. Important US data may have significant impact on fluctuations today. Yesterday’s short trades according to our recommendation were successful as the price entered profit area for about 600 pips.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The breakthrough of the trendline at 0,76500 was fake. A downside scenario is still actual.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. It is better to avoid trading today as there are no clear signals.

USDCHF

 

The currency pair went upwards yesterday making long trades profitable. The price entered profit area for about 800 pips. This distance is significant for this currency pair. We advise to pay attention to the US Labor Market data from ADP and US ISM Services PMI. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. We expect USD/CHF to grow moderately. 

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 long trades from the MA55 balance line. Place stops below the curve. 

Gold and Silver Technical Analysis October 5, 2016

GOLD (XAUUSD)

XAU/USD had a sharp decline according to the technical analysis. There was no important statistics to pay attention to. The trendline on the Weekly chart was broken through. Market participants are more active at the moment. This situation was hard to predict. However, you had an opportunity to protect your trades if you had ones. It is better to wait for the situation to become clearer. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD breaks through the red trendline on the Weekly chart. However, it is better to avoid trading at the moment and wait for confirmation. 

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

SILVER (XAGUSD)

XAG/USD went further downwards after it crossed the trendline on the Hourly chart. There was no opportunity to open short trades as there was no correction towards the broken through trendline. A downside move was strong and unexpected and it is better to avoid trading at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD was trading in the last week’s range. We expect the price to go down moderately this week. 

There is no trend 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 beyond the lower side of the MA-channel.

 

 

[Adamant Finance]

Technical Outlook October 6, 2016

EURUSD

 

The currency pair was trading in both directions yesterday despite the stronger than expected US Services PMI data. ADP Non-Farm Payrolls Employment change was worse than expected. US Services PMI data grew sharply and raised Interest Rates hike odds. Today we advise to pay attention to the US Unemployment Claims. It is still important to wait until the release of Friday’s US Labor market data as it is expected to play the key role in fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair was trading in a tight range last week. We expect EUR/USD to trading within the same range 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 as there is no clear trend.    

 

GBPUSD

 

The currency pair did a correction before further downside move. GBP/USD went towards the MA55 balance line to open trades. However, it did it at night. You may try to open short trades closer to the MA55 and place stops above the curve. Yesterday’s UK Services PMI was better than expected. However, latest talks on Brexit give support to USD in this currency pair. 

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in the uptrend in the beginning of the last week and it declined in the end. We expect GBP/USD to decline moderately this week.

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

AUDUSD

 

The currency pair slides down to the support line which is expected to be broken through today. It is possible to make a daily strategy according to those expectations. We think that you may try to open short trades from the fast MA13 before the trendline on the Hourly chart is to be broken through. If something goes wrong, you will have some space to close positions. Stop losses should be places at 200 pips from the order.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The breakthrough of the trend line at 0,76500 was fake. The downside scenario for AUD/USD is still actual.

There is a weak 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 MA13 and place stops above the MA55 balance line.

USDCHF

 

The long trades from the MA55 balance line were successful. You could take about 300 pips as profit. It was enough to fix a part of positions and to protect the others. USD/CHF still looks strange as it dynamics not alike to this of “allied” currency pair. However, even in this situation it was possible to quit without losses. Today we advise to pay attention to US Unemployment Claims data.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The trend is still unclear but we expect the currency pair to grow moderately.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55. We advise to take no decision today and to wait until clearer signals. 

Gold and Silver Technical Analysis October 6, 2016

GOLD (XAUUSD)

XAU/USD continued to establish new lows after the US Services PMI data which was better than expected. US ADP Non-Farm Employment change was worse than forecasted. However, this data was not important for market participants. US Services PMI data surprised investors. Interest Rates hike odds went up towards 65%. This fact gives support to USD against Gold and other precious metals. Today we advise to pay attention to the US Unemployment claims data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a probability of the breakthrough of the red trendline this week.

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

SILVER (XAGUSD)

Silver prices copied XAU/USD dynamics and established new weekly lows. US Labor Market data is very important for precious metals. If Non-Farm Payrolls are going to be better than forecasted, USD may gain additional support against Gold and Silver.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD was trading within the last week’s range. We expect the price to go slowly down. 

There is the downtrend on the Hourly chart as the МА-channel goes downwards and the price is below the МА55. It is better to avoid trading today as the price is below the lower side of the МА-channel

 

[Adamant Finance]

Technical Outlook October 7, 2016

EURUSD

 

The currency pair was going downside on the eve of the important US Labor Market data. If Non-Farm Payrolls meets expectations or are going to be even better than forecasted, Interest Rates hike odds will be increased. USD will get additional support in this case. Market participants think that this scenario is likely to become true and they bid on USD in advance. If this happens, market’s reaction may be limited. However, if US Labor Market data is worse than expected, there is a probability of surprises.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair was trading within a limited range. We expect this dynamics to continue until the end of the week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open any trade after US Labor Market data only.    

 

GBPUSD

 

The currency pair offered an opportunity to open short trades during European session according to our recommendation. The price went closer to the MA55 balance line and you had an opportunity to place a better stop loss. Fluctuations resulted in a strong downtrend for about 1300 pips. At night there was another downside momentum for about 5000 pips. 

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair had some growth in the beginning of the last week. However, in the end it declined and this dynamics is likely 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 avoid trading before the results of US Labor Market data releases.

AUDUSD

 

The currency pair gave no opportunity to open short trades from the MA13 on Thursday. However, AUD/USD broke through the trendline on the Hourly chart. There is an opportunity to open short trades from the broken through trendline according to technical analysis. Today’s US Labor Market data is likely to break technical picture. It is to you to decide whether to trade or avoid trading today.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The breakthrough of the trendline at 0,76500 was fake. The downside scenario is still actual.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to take any decisions only after the release of US Labor Market data. 

USDCHF

 

The currency pair return to its normal fluctuations and continued to develop the upside tendency. US Labor Market data is very important for USD and we advise to wait until the release of the statistics to take any decisions. However, current situation shows that market participants have no doubts this data will be better than expected. The currency pair has some space to go upwards.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There is no clear direction. We expect USD/CHF to grow a little.

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

Gold and Silver Technical Analysis October 7, 2016

GOLD (XAUUSD)

XAU/USD is still under pressure and establishes new lows. Gold went down yesterday after a sort of a correction. However, this correction was weak and there was no opportunity to open short trades from the safe area. The most important US Labor Market data is expected today. USD is going upwards as market participants have no doubts this statistics is going to be better than expected. However, if US data fails to meet those expectations, XAU/USD may gain some positions back.

There is the uptrend on the Weekly chart as the price is above the MA55. There is a probability that the price breaks through the red trendline this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open trades only after the US Labor Market data release.

SILVER (XAGUSD)

Silver follow Gold and established new weekly lows. US Labor Market data is very important for precious metals at the moment. If this statistics is better than forecasted, the pressure on precious metals will be stronger. However, we think that the price already includes strong Labor Market data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD was trading within a range of the last week. We expect the price to decline 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 release of the US Labor Market data in order to open any position. 

 

 

[Adamant Finance]

Technical Outlook October 10, 2016

EURUSD

 

The currency pair went upwards after the release of the US Labor Market data. As we had previously noticed, investors played a better scenario in advance. Final results did not met the expectations as Non-Farm Payrolls declined as compared to the previous meaning. It is to say that the US Labor Market data was not too bad as the number of payrolls is still above 100K. Market attention switches towards US FOMC Minutes this week. This data is to be released on Wednesday.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair is trading within a limited range and we expect this dynamics to 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 above the MA55 balance line. Today we have a controversial situation and we advise to take no decisions. You may try to open short trades in case if the price goes up to 1,12400    

 

GBPUSD

 

The currency pair had strong volatility today in the morning and did a huge 5000 pips burst. There is no balance in GBP/USD fluctuations and we advise to avoid trading. It is better to wait until the situation is clearer. The trend is still downside however, it is better to wait a couple of days for some signals. It is too risky to open trades at the moment as the price is still beyond the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and there is a probability of a correction. 

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 price is close to the lower side of the MA-channel.

AUDUSD

 

The currency pair had broken the technical image on the important US Labor Market data. The strong downtrend is on the way according to the Weekly chart. We advise to watch for market changes and try to do your best to catch the upcoming tendency in the beginning. The downside move may start later.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. Everything indicates on the probable decline of the currency pair in the nearest future. The scenario for AUD/USD to go towards 0,71800 is still actual.

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 to open short trades from 0,76000-0,76500 area. Place stop losses above the trendline at 0,76600 are or higher.

USDCHF

 

The currency pair fluctuated according to the US Labor Market data on Friday. The technical image was broken. However, we still have the uptrend and there is an opportunity to open long trades according to the situation. Today we expect Swiss Unemployment Rate data. However, it may have no impact on the currency pair.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair went upwards a bit, and may continue to grow this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55. You may try to open short trades from 0,97400-500.  

Gold and Silver Technical Analysis October 10, 2016

GOLD (XAUUSD)

XAU/USD restores its positions after the US Labor Market data, which was worse than expected. It was not so easy to reverse the downside tendency that is why this procedure make take more time than expected. However, this upside dynamics takes force but it is still too early to open long trades as there was no reverse.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a breakthrough of the red trend line last week. We expect some correction towards this line this week. 

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

SILVER (XAGUSD)

Silver prepares to a correction after US Labor Market data released on Friday. Non-Farm Payrolls were beyond expectations and worse than the last one. However, it is not fair to say that this data was too bad as the results was above 100K. Investors played the better scenario in advance and the market is expected to restore lost positions. We think that today the tendency may change. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD declined according to our expectations last week. We expect some correctional growth this week. 

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

 

[Adamant Finance]

Technical Outlook October 11, 2016

EURUSD

 

The currency pair declined again and established a triangle. There was no growth towards 1,1240. We recommended waiting for this target to open short trades. However, there was no opportunity to enter the market. We can see that the pattern for further downside tendency is developing at the moment. The currency pair is trading within the Friday’s range. This dynamics may last longer. As for events for today, we advise to pay attention to ZEW German Economic Sentiment. Economists forecast minimum changes for this statistics and it may have almost no impact on fluctuations.

There is still no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair is trading within a limited range and we expect this dynamics to continue for the next couple of days. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1,11500-700 area.   

 

GBPUSD

 

The currency pair tried to touch the latest lows. It means that the decline may speed up in the nearest future. However, we advise to wait and not to take decision at the moment. It is important to see whether the downtrend takes place or not. If the downside tendency resumes, you may forecast further fluctuations. However, the situations is unclear at the moment. There is no important data from the UK today.

There is the downtrend on the Weekly chart as the price is below the MA55. The price declined last week and we expect some correctional growth to happen in the next couple of days.

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 avoid trading today as the price is beyond the MA-channel.

AUDUSD

 

The currency pair was in the uptrend towards 0,76250. There was an opportunity to open short trades from 0,76150-200. The price is in the area where you may try to protect your positions by placing stops at breakeven level. Another opportunity is to fix your trades partially or completely and wait for the better opportunity to sell.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Everything indicates on the probable strong downtrend. The scenario of further decline towards 0,71800 is still actual. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades from 0,76150-200 area.

USDCHF

 

The currency pair failed to make a downside correction. It means that there was no opportunity to open safe short trades from lower levels. However, USD/CHF is back to the uptrend and we may see this tendency to speed up in the nearest future. You may try to open long trades from the MA55 balance line. There is a probability that the price is not going to make a downside correction anymore.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth and may continue this upside tendency this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You may try long trades from the 0,98000-0,98100 area.

Gold and Silver Technical Analysis October 11, 2016

GOLD (XAUUSD)

XAU/USD shows sentiments to change its current tendency and you may try long trades. However, we advise to be careful as the situation Is still unclear. We expect no significant growth. It means that you may earn a little, but try to close your positions in time. Your targets should be close as XAU/USD is in correction at the moment. The precious metal may reach 1275,00 level in the nearest future. It is to say also that tomorrow an important FOMC Minutes are to be released. They may change the current market situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We have seen that the price broke through the red trendline last week. We expect XAU/USD to be trading in correction in the next couple of days.

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

SILVER (XAGUSD)

Silver prices show the current tendency to be changed according to our expectations. The situation is similar to that of Gold where you can also try to open long trades. The minimum target lies at 18,00. However, in order to go higher the above mentioned level, it is important for the correction to happen.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD declined according to our expectations last week. We expect the price to correct in the upside direction in the next couple of days.

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

  

 

[Adamant Finance]

Technical Outlook October 12, 2016

EURUSD

 

The currency pair continued to decline after the FOMC members’ comments, which increased the odds on the Interest Rates hike in December. The probability of Interest Rates hike in December is about 70% at the moment. This fact influences market’s fluctuations. There was no opportunity to open short trades as the price did not go to the expected area. We advise to pay attention to the release of US FOMC Meeting Minutes today. This event may strengthen USD positions even more. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair left the range downwards and may continue to decline this week.

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 open short trades from the 1,11000 area. Place stops at will.   

 

GBPUSD

 

The currency pair established new lows but then went back upwards at a great speed. There was a good opportunity to open short traders from the MA55 balance line targeting 600-700 pips of profit. We think that the price is going to offer such an opportunity within the next couple of hours. However, the main today’s event is the release of the FOMC Meeting Minutes. It may result in further pressure over the currency pair. We also advise to look through the comments of MPC member Cunliffe as well as FOMC member Dudley. They may have some impact on the currency pair as well. 

There is the downtrend on the Weekly chart as the price is below the MA55. There was no correctional growth and we expect the currency pair to decline this week.

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 open short trades from the MA55 curve.

AUDUSD

 

The currency pair had some growth in the morning on better than expected Australian data. However, this growth may be limited as market participants seems to buy USD. In addition, there is the release of the FOMC Meeting Minutes today in the evening. This event may strengthen USD positions.

There is still the uptrend on the Weekly chart as the price is above the MA55. We think that the currency pair may sharply decline in the nearest future. The downside scenario is still actual and we expect the currency pair to go towards 0,71800.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to hold short trades from 0,76150-200 area.

USDCHF

 

The currency pair continued its upside tendency during American session yesterday. There was no opportunity to open short trades from the MA55 balance line as the price did not reach the area. It went upwards instead offering no chance to enter the market. There is a probability of further USD/CHF growth today as market participant are waiting for FOMC Meeting Minutes today.

There I no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth and 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. We advise to consider long trades from 0,98400-600 area.  

Gold and Silver Technical Analysis October 12, 2016

GOLD (XAUUSD)

XAU/USD failed to develop its correctional; growth as we have expected previously. Long trades from the MA55 balance line. The price is within a tight range and we advise to observe further dynamics before taking any decision. It is important to pay attention to the FOMC Meeting Minutes today as it may have serious impact on XAU/USD.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a breakthrough of the red trend line last week. We expect the precious metal to correct this week.

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

SILVER (XAGUSD)

The uptrend is still actual for XAG/USD. However, the price is fluctuating around the MA55 balance line. It is to say that the uptrend is unstable and may reverse at any time. We think that it is better to avoid trading XAG/USD at the moment. In addition, we advise to pay attention to the FOMC Meeting Minutes today as they may have serious impact on XAG/USD

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price declined according to our expectations last week. We expect some correctional moves in the next couple of days. 

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

[Adamant Finance]

Technical Outlook October 13, 2016

EURUSD

 

The currency pair continued to go downwards before the FOMC Meeting Minutes yesterday. After the release of this data, EUR/USD remained calm as there was nothing new or interesting. FOMC members still discuss the probability of interest Rates hike and have no clear decision to take. However, it is to notice that Fed had released a new economic projection with lower economic growth estimates. There was no opportunity to open short trades as the price had no correction to an area, suitable for entering the market.

There is still no trend on the Weekly chart as the price is close to the MA55. The currency pair left the range downwards and we expect EUR/USD to continue its downside tendency this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 area. Place stops at will.   

 

GBPUSD

 

The currency pair offered an opportunity to open short trades from the MA55 balance line. GBP/USD declined for about 1400 pips from the curve. You had an opportunity to take your profit for this trade. FOMC Meeting Minutes shows that discussion around the probability of Interest Rates hike still goes on. There is no clear decision. This event had almost no impact on the currency pair and we expect GBP/USd to continue its moderate downtrend. 

There is still the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no correction and we think that the currency pair is going to continue its downside tendency in the nearest future. 

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

AUDUSD

 

The currency pair goes down towards the lower side of the downside channel and may even break it through. If this happens, AUD/USD has chances to accelerate its decline. We advise to hold short trades. There is a probability that the downtrend is going to speed up today. The target will be reached in this case. 

There is still the uptrend on the Weekly chart as the price is above the MA55. Everything indicates on the sharp decline of the currency pair in the nearest future. The scenario of the downside move towards 0,71800 is still actual. 

The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades from 0,76150-200. The target for this downside tendency is at 0,72000.

USDCHF

 

The currency pair continued its growth yesterday. However, the upside tendency was moderate. There was no correction to open long trades from 0,98400-600 area. FOMC Meeting Minutes had almost no impact on the currency pair. We expect the currency pair to continue its moderate growth.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week and may continue this tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The uptrend decreases its speed and we advise to take no decision at the moment.

Gold and Silver Technical Analysis October 13, 2016

GOLD (XAUUSD)

XAU/USD was trading within a tight range. FOMC Meeting Minutes shows that there is no clear decision within the Fed on the probability of Interest Rates hike in December. This event had no impact on XAU/USD. The uptrend may continue as market participants waited for FOMC Meeting Minutes. Nothing prevents XAU/USD from growing at the moment. However, the upside tendency is still unstable and we give no recommendations presently.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a breakthrough of the red trendline last week. We expect some correctional move in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We advise to wait until the trend is going to be more stable in order to take any decision.

SILVER (XAGUSD)

FOMC Meeting Minutes had almost no impact on XAG/USD and we expect this precious metal to make a correctional upside move. There is no clear trend at the moment and we advise to take no decision.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a downtrend last week according to our expectations last week. We think that XAG/USD may have a correction 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 take no decision at the moment and wait for the trend to be clear.

  

 

[Adamant Finance]

Technical Outlook October 14, 2016

EURUSD

 

EUR/USD is doing a correctional growth at the moment after several days of decline. There was an opportunity to open short trades from the MA55 balance line at 1,10350-390 and the price was in a profit area allowing you to take about 150-200 pips. You could protect your positions by placing stops at breakeven area. However, later the currency pair resumed growing and short trades closed with no profit. We advise to pay attention to an important US data today. If it is better than forecasted, USD may gain some support and the currency pair will resume its downside tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair left previously established range downwards and is probably going to continue its decline this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We give no recommendations as it is Friday and the volumes may be low.   

 

GBPUSD

 

The currency pair reached the MA55 balance line and there was an opportunity to open short trades from 1,22100-150. The price was in a profit area allowing to protect your trades, placing stops at breakeven. Those stops triggered later. It is to mention, that the MA-channel changed its direction and looks upwards at the moment. The price is staying within Wednesday’s range and there is a probability that the currency pair is going to trade in flat today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no correction and we expect the currency pair to continue its downside tendency this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55. The situation is still unclear as there is no trend at the moment. We advise to take no decision.

AUDUSD

 

The currency pair failed to decline according to our expectations and reversed upwards menacing to close short trades from 0,76150-200. However, stop losses still remain untouched, the price was close to them. The MA-channel indicates on the probability of reverse in the nearest future. We advise to close positions with low profit as the currency pair reacted on the stronger than expected China data.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. Everything indicated on the sharp decline of the currency pair in the nearest future. The scenario of decline towards 0,71800 is still actual.

There is still 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 the situation is still unclear.

USDCHF

 

We have noticed in our yesterday’s review that the currency pair slows down its uptrend. There is a probability of a change in the current tendency today. We advise to try short trades as the volatility was weak this week. We expect the currency pair to increase volatility today.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth and may continue this dynamics 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. 

Gold and Silver Technical Analysis October 14, 2016

GOLD (XAUUSD)

XAU/USD is trading within a tight range. There is some potential for correctional growth. However, Gold still stays within a range. We give no recommendations as there is no clear trend. There is some important US data today. It may stimulate fluctuations. However, it is very difficult to predict the direction at the moment. It is better to avoid trading.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a breakthrough of the red trendline last week. We expect XAU/USD to correct 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 advise to avoid trading as the trend is still unclear.

SILVER (XAGUSD)

XAG/USD failed to do an upside correction and the situation remains unchanged. There is a probability that today’s US data is going to increase volatility. The price is close to the trendline on the Weekly chart at the moment and may break it through. In this case we expect the decline to accelerate. However, this scenario is doubtful.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD declined last week according to our expectations. We think that the precious metal is going to do an upside correction this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the Ma55 balance line. We advise to avoid trading until the situation becomes clearer. 

 

 

[Adamant Finance]

Technical Outlook October 17, 2016

EURUSD

 

The currency pair was in a downtrend on Friday according to our expectations. However, the situation was unclear. EUR/USD established new monthly lows. It is to notice that the main event for this week is the European central Bank meeting, which is to take place on Thursday. There is a probability that the ECB is going to change its current monetary policy in order to avoid lack of bonds. Today we advise to pay attention to the Eurozone CPI y/y data as it also may have some impact on fluctuations. It is also important to pay attention to US CPY data which is to be released tomorrow.

There is still no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair moved downwards last week. We expect the price to go upwards in the next couple of days to form a correction.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to wait until the tendency reverses.   

 

GBPUSD

 

The currency pair continued to trade within a range of Friday. There is a probability of further decline. Today we may see if the currency pair is ready to continue its downside tendency. You may try short trades with low volumes. There is an important UK CPI y/y data tomorrow. However, it is to notice that GBP/USD had almost no reaction on this data previously.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and we expect it to continue its downside tendency in the nearest future. 

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

AUDUSD

 

The currency pair continued to grow on Friday. We gave a recommendation to fix your short trades. The currency pair stays close to the Weekly trend line for too long already. The trendline may be broken through in the nearest future. The downside scenario with targets at 0,71800 is still disputable. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is no sharp decline of the currency pair. There is a probability that downside scenario will be cancelled. 

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. There was an opportunity to open long trades from the MA55 balance line. If you have missed it, it is better to avoid trading and wait for clearer signals.

USDCHF

 

The currency pair is trading in a flat as the downside tendency has failed to develop. There was an opportunity to close short trades with no profit. It is probable that this flat tendency is going to dominate this week. We give no recommendations. It is better to wait for a clear trend to open trades. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week and broke our expectations. We expect USD/CHF to be trading with no trend this week.

There is no clear tendency on the Hourly chart as the MA-channel is horizontal as the price is close to the MA55 balance line. It is better to avoid trading at the moment and wait for clearer signals.

Gold and Silver Technical Analysis October 17, 2016

GOLD (XAUUSD)

XAU/USD was trading in both directions on Friday and there was no clear trend established. The price is still within a range and we give no recommendations in this situation. There is a probability that precious metals are going to move downwards this week as there was no upside correction previously. However, it is better to wait for a trend to be established before taking any decision.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upwards correction last week. This fact may indicate on the further downtrend, which is to be developed in the nearest future. 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to wait until the situation is clear to take any decision.

SILVER (XAGUSD)

XAG/USD failed to develop downside move even after the US data in Friday, which was better than expected. The downtrend may accelerate if the price breaks through the trendline on the Weekly chart. There is no signs of growth and even a correction is unlikely. 

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. There was no upside correction. However, if the currency pair breaks through the trend line on the Weekly chart there is a probability that the downtrend is going to continue. 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to open short trades from 17,50 area. 

  

 

[Adamant Finance]

Technical Outlook October 18, 2016

EURUSD

 

The currency pair was in upside correction yesterday and today in the morning the growth accelerated. There are some signs of future change in tendency. There is no reverse at the moment. However, some technical factors indicates this probability in the nearest future. The trendline on the Hourly chart was broken through and the price is growing above the MA55 balance line. It is necessary to wait until the MA-channel reverses upwards. Then you may try to search for signals to open long trades. There is an important US CPI y/y data today. It may have significant impact on fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair was in a downtrend last week. We expect EUR/USD to be in a correction this week. 

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is above the MA55. It is better to take no decision at the moment and wait until the tendency to reverse.   

 

GBPUSD

 

The currency pair move closed to the MA55 balance line during European Session yesterday and there was an opportunity to open short trades according to our recommendations. GBP/USD then went downwards for about 600 pips allowing to take significant profit. The currency pair tries to change its tendency today in the morning as it is higher than the MA55 balance line. There was a breakthrough of the trendline on the Hourly chart indicating the probability of reverse. An important UK CPI y/y data is expected today. The currency pair may finally change its tendency after this data.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and this scenario is likely to 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 above the MA55. We advise to take no decision at the moment and wait for the tendency to reverse. 

AUDUSD

 

The currency pair broke through the trendline and accelerated its growth in the morning. There was a reverse on Friday and yesterday’s fluctuations confirm this tendency. The currency pair tries to cross the trendline on the Hourly chart according to our expectations. It is too risky to open long trades at the moment. It is better to wait until the price corrects.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. There is no sharp decline of the currency pair. The scenario for AUD/USD to decline towards 0,71800 is still under question and may be canceled.

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

USDCHF

 

The currency pair is still trading within a range with no signs of trend. However, USD/CHF has crossed the trendline on the Hourly chart. This fact indicates on the probability of further downtrend. However, this downside tendency is still unclear.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week. We expect USD/CHF to be trading with no trend this week.

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

Gold and Silver Technical Analysis October 18, 2016

GOLD (XAUUSD)

XAU/USD is trading within a tight range for the second week in a row. The asset tried to grow today in the morning but it still remains within the range. Today’s US CPI m/m data may have considerable impact on fluctuations. Especially if the final result is better than expected. However, if US CPI releases close to forecasts, there may be no change in the current scenario. The MA-channel is still horizontal and we advise to take no decision in this situation.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. There was no upside correction. There is a probability for the downside tendency to develop this week.

There is no trend on the Hourly chart as the Ma-channel is horizontal and the price is above the MA55 balance line. We advise to wait for clearer signals to take any decision.

SILVER (XAGUSD)

Silver is trying to grow today in the morning. However, those attempts seem to be unstable. If we take a look at the Weekly chart, we may see that the price corrects towards the trendline before further decline. We advise to open trades only after the confirmation of the breakthrough. There was no opportunity to sell yesterday as the price avoid to reach 17,50 area.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no correction. The fact that XAG/USD has broken through the trend line indicates on the probability of acceleration of the downside tendency.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open short trades if price crosses 17,30.

[Adamant Finance]

Technical Outlook October 19, 2016

EURUSD

 

The currency pair was in a downtrend yesterday before the US CPI m/m data. However, right after the release of this data, EUR/USD stopped to decline. US CPI met the forecasts and the Core data was worse than expected. Fed pays more attention to the Core CPI. It is the main reason why market participants stopped to buy USD when they have seen the results of the release. We advise to pay attention to today’s US Building Permits data, which may have some impact on USD. There is a probability that this statistics accompanied by yesterday’s weaker than expected Core CPI data is going to exert pressure on USD.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair moved downwards last week. We expect EUR/USD to have an upside correction 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 balance line. We expect the tendency to change in the nearest future.   

 

GBPUSD

 

The currency pair finally changed its tendency after yesterday’s UK CPI y/y data. Analysts expected CPI growth to increase to 0,9%. However, final result was even better at 1,0% level. The faster inflation growth is the less chances of further monetary easing by the Bank of England are. In addition Mark Carney, Head of the Bank of England expressed his worries about the faster than expected devaluation of the British Pound. 

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We expect the same tendency to continue this week. However, the latest UK CPI data may change the situation.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from 1,22300-500 area. 

AUDUSD

 

Investors were cautious yesterday and the currency pair was trading without sharp moves. We expect that AUD/USD is going to continue its growth and there will be no fake breakthrough on the Weekly chart. There are some opportunities to open trades today as the price is getting closer to the MA55 balance line. You may try long trades from the trendline on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is no sharp decline of the currency pair. The downside scenario with target at 0,71800 may be cancelled. 

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

USDCHF

 

The currency pair continues to trade in flat. The downside tendency that we had seen last week had no sequel. USD/CHF is still unsuitable for trading. It is better to avoid trading as there is no clear trend.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week according to our expectations. We expect the currency pair to be trading with no direction this week.

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

Gold and Silver Technical Analysis October 19, 2016

GOLD (XAUUSD)

Bulls are trying to begin to dominate the market due to yesterday’s US CPI m/m data which was worse than expected. Common inflation data met forecasts. However, Core CPI data was weaker than expected and even worse than previous figure. Fed pays more attention to the Core CPI data. USd is under pressure. Gold growth is still fragile but there is a probability of this increase to continue.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. An upside correction is still progressing. We expect this tendency to continue in the next couple of days. 

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

SILVER (XAGUSD)

Silver is growing step-by-step. However, the current technical scenario still prevent further growth. The uptrend was established and you may try long trades today. Bulls may have some difficulties, targets for the growth should be close. There was no opportunity to open short trades according to our recommendations as the price failed to reach 17,30.

There is the uptrend on the Weekly chart and the price is above the MA55 balance line. The upside correction becomes stronger and we expect the uptrend to take force this week.

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

  

 

[Adamant Finance]

Technical Outlook October 20, 2016

EURUSD

 

The currency pair was trading in both directions and established new weekly lows as the European Central Bank Meeting is approaching. US data was mixed and gave no support to USD yesterday. We advise to pay attention to the European central Bank Meeting today as it may have a considerable impact on the currency pair. If the ECB leaves rates unchanged, pay attention to Mario Draghi comments as they may also be crucial for the fluctuations. Investors expect the ECB to hold current monetary course and make no changes or adjustments. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. EUR/USD had a considerable downtrend last week. We expect the currency pair to have an upside correction in the next couple of days. 

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

 

GBPUSD

 

The currency pair was trading in both directions because of the mixed UK and US data. Claimant Count Change declined to 0,7K. However, previous figures were revised towards 7,1K, which is worse than expected. There was no opportunity to open long trade from 1,22300-500 as the price failed to reach those levels. There is another portion of important US and UK data today. Those releases may have a considerable impact on GBP/USD. We expect the currency pair to correct towards 1,22000. However, we give no recommendations as this correction goes in the opposite direction of the main trend.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair had a sharp decline last week. We expect GBP/USD to continue its downside tendency through an upside correction (which is probable). 

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 situation is unclear.

AUDUSD

 

The currency pair approached the trendline on the Hourly chart. There was an opportunity to open long trades according to our recommendations. The price was in a profit area for about 600 pips and it was enough to take some profit. We can state that the currency pair tries to break through the trendline. We expect AUD/USD to have a correction in the nearest future. 

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no sharp decline of the currency pair. It means that the scenario to reach 0,71800 is under question. 

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

USDCHF

 

The currency pair continues to be trading within a range ignoring all even important releases. It is better to avoid trading USD/CHF as the situation remains unclear. We advise to wait for a trend to be established in order to take further steps.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that there will be no direction 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 balance line. It is better to take no decisions at the moment as the situation is still unclear.

Gold and Silver Technical Analysis October 20, 2016

GOLD (XAUUSD)

There was an opportunity to open long trades from the trendline on the Hourly chart yesterday in the morning. The price went into the profit area for more than 12 USD. US data stimulate XAU/USD correction growth. There is another portion of US data today  which may continue to give support to Gold.

The uptrend is in progress on the Weekly chart as the price is above the Ma55 balance line. The upside correction takes force and we expect this tendency to develop in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. However, the price is still too far from the buying area and it is better to wait until the situation becomes more suitable for entering the market.

SILVER (XAGUSD)

XAG/USD gave an opportunity to open long trades from the MA55 balance line according to our recommendations yesterday in the afternoon. Silver has some difficulties to continue its growth and we advise to establish close targets. We also recommend fixing all existing trades and to reopen positions today from the MA55 balance line or from the trendline with close stop losses.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction takes force and we expect XAG/USD to develop this tendency in the next couple of days.

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

   

 

[Adamant Finance]

Technical Outlook October 21, 2016

EURUSD

 

The currency pair had a sharp short term momentum after European Central Bank head’s comments. He made hints on the probability of further extension of their bond buying programme. Those comments confused investors for a while. However, the situation stabilised as there are no reasons to end current bond buying programme on March. There are no signaificant changes in the Eurozone economics to undertake such steps. The currency pair declined as investors believe, that the European central bank is going to extend its QE programme. There is no important data in today’s agenda. However, some FOMC members are going to give their comments. There was an opportunity to open short trades after Mario Draghi comments according to our recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined significantly last week. We expect EUR/USD to have an upside correction during this week. However, after the ECB meeting, the currency pair continued to decline.

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

 

GBPUSD

 

The currency pair had a change in its tendency after weak UK Retail Sales data and stronger than expected US data. There was a correction towards 1,22000 and we expect it to continue today. We gave no recommendations to trades in the opposite direction of the current trend. However, there is the probability of reverse and we advise to consider short trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and there is a probability that GBP/USD continues this tendency in the nearest future. 

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

AUDUSD

 

There was a huge correction yesterday and we expect it to continue today. However, we think that the breakthrough of the trend line on the Weekly chart is done. It may be cancelled only if the price continues to decline aggressively. If this breakthrough is true, the currency pair is going to continue its growth next week.

The uptrend is still in progress on the Weekly chart as the price is above the MA55 balance line. There is no sharp decline of the currency pair and the scenario for AUD/USD to go towards 0,71800 may be cancelled. 

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

USDCHF

 

The currency pair has finally left its tight range and went upwards. There is a strong resistance on the Weekly chart but we expect the growth to be limited as it is Friday today. We think that the currency pair may correct towards the Ma55 balance line.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week according to our expectations. We expect USD/CHF to have no direction this week.

The uptrend is progressing on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to take no decision today as the situation is still unclear.  

Gold and Silver Technical Analysis October 21, 2016

GOLD (XAUUSD)

XAU/USD went downwards and there is a probability that the precious metal is going to change its current tendency as the trend line was broken through along with the MA55 balance line. US data was stronger than expected yesterday and the interest rates hike odds in December increased. Those odds jumped to 74%. We think that it is due to the better than expected US data and FOMC members’ comments. There is a probability that the upside correction is done.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The correction takes force and this upside tendency may continue this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. The MA-channel did not change its direction and we give no recommendations for today.

SILVER (XAGUSD)

Silver offered and opportunity to open long trades. However, those trades ended with a little stop. XAG/USD had changed its tendency and broke through the trend line on the Hourly chart. The MA-channel had also changed its direction and we advise to open short trades. 

The uptrend is in progress on the Weekly chart as the price is above the MA55. The upside correction takes force and this tendency is likely 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 balance line. We advise to open short trades from the MA55. Place stops above the curve. 

 

 

[Adamant Finance]

Technical Outlook October 24, 2016

EURUSD

 

FOMC member’s comments gave some support to USD on Friday. The currency pair is still under pressure. However, German and French PMI data, which has a positive bias, holds EUR/USD close to the opening level. It is to say, that FOMC members increased Interest Rate hike odds during their Friday’s speeches. Two FOMC members (Dudley and Bullard) are going to give their comments today. Those officials are “hawks” and they may give additional support to USD today in the afternoon. There was no opportunity to open short trades according to our recommendations as the price did not go to the MA55 balance line. We expect the dynamics of fluctuation to copy the last week’s one.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction was short time. We expect the currency pair to continue its downtrend in the next couple of days. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We give no recommendations as the price is still too far from the MA55 balance line. It is better to wait until the situation is more stable and clear.     

 

GBPUSD

 

The currency pair offered an opportunity to open short trades on Friday from the trendline on the Hourly chart. There was an opportunity to take profit as the currency pair went down for some 800 pips. We expect GBP/USD to have a downside bias this week. There is an important manufacturing orders data today. However, this release may have no impact on the currency pair. Today’s MPC member Shafik speech had no influence on fluctuations. However, we advise to pay attention to tomorrows Bank of England head’s speech as it may cover further monetary policy issues.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD was in correction last week. We expect the currency pair to hold this downside bias in the next couple of days. 

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. There is a kind of a triangle on the Hourly chart and we expect the price to leave it downwards. However, there are some doubts and we give no recommendations. 

AUDUSD

 

The currency pair was in a downtrend for two past days and there is a need in a correction at the moment. We give no recommendations. It is better to avoid trading as the situation is unclear. However, we still believe that the currency pair has enough power to go downwards. It needs some time to implement this scenario.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had made some attempts to grow. However, it declined in the dying moment of the last week. We have no idea what is to happen in the nearest future. However, we believe that there is a probability of further decline towards 0,71800.

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

USDCHF

 

The currency pair was in a downside correction. However, the decline was short. The price is close to the MA55 balance line and there is an opportunity to search for long trades from this moving average.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had an upside bias last week. We expect USD/CHF to accelerate its growth in the next couple of days. 

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

Gold and Silver Technical Analysis October 24, 2016

GOLD (XAUUSD)

XAU/USD ended last week in a positive area as there was some support from the demand in India and China on the eve of the upcoming holidays. However, USD is also growing and this fact have some negative impact on XAU/USD. Interest Rates hike odds increase. Gold is still within a triangle and may remain inside this pattern for the whole week.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction and we expect it to continue this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. The MA-channel reversed but we think that it does not mean the beginning of the downside tendency. We advise to open short trades from 1270,00 area.

SILVER (XAGUSD)

Silver is trading within a triangle and we expect the asset to go down. You may try to open short trades today. XAG/USD is under pressure as FOMC members’ comments give additional support to USD. However, growing demand from India and China give support to Silver.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction last week. We expect it to continue this week. 

   

 

[Adamant Finance]

Technical Outlook October 25, 2016

EURUSD

 

Both stronger than expected US Manufacturing PMI data and FOMC members’ comments allowed EUR/USD to go down during American Session confirming that the downtrend is still actual. However, there was no clear tendency yesterday. We expect this dynamics to continue today and we give no recommendations for trading. There is an important data during American session (CB Consumer Confidence). We advise to pay attention to it. However, this data may have no influence on fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction was short and limited. We expect the currency pair to continue to decline in the next couple of days.

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

 

GBPUSD

 

The currency pair left a tringle confirming our yesterdays’ hesitations. We thought that after a strong downtrend the price is going to correct and there was an opportunity to start a correction in the beginning of the week. There is no important UK data today. However, we advise to pay attention to Bank of England Head’s Carney speech. The correction is likely to continue during today’s sessions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some correction last week and we expect the price to correct during this week as well.

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

AUDUSD

 

The currency pair is going into a correction phase. There is no clear bias and we give no recommendations. Trend looks downwards. However, the price is doing a correction before it may go further downside. The currency pair is above the MA55 balance line and there is a probability of a reverse.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair made some attempts to grow. However, it declined in the dying moments of the last week. We have no idea how this situation is going to develop. However, the scenario of decline towards 0,71800 is still actual.

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

USDCHF

 

The long trades from the MA55 area were unsuccessful and short stop losses triggered. The uptrend is slowing down and there is a probability of reverse even today. Anyway, it is better to avoid trading in this situation as there are many question concerning further fluctuations. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued its growth last week. We expect USD/CHF to accelerate its uptrend in the next couple of days.

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

Gold and Silver Technical Analysis October 25, 2016

GOLD (XAUUSD)

XAU/USD made a sharp upside burst but then returned to its previous positions. Strong US data gave some support to USD. Yesterday’s session ended almost on the same level as it started. Short trades from 1270,00 according to our recommendations were unsuccessful. The price is close to the upper side of the triangle. There is a probability that XAU/USD is going to decline today. There is still a probability that the precious metal is going to break through the upper side of the triangle. However, it is still too early to take any decision. If you want to trade today, you may try short positions from the upper side of the triangle. Place stop losses above this line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction last week. We expect it to continue this week.

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

SILVER (XAGUSD)

The short trades were unsuccessful as the price broke through the upper side of the triangle. Sell were fixed by stop losses. It is to mention that silver had already changed its tendency. We advise to avoid short trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction is likely 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 balance line. We advise to open long trades from the MA55 balance lie. Place stops below the curve. 

   

 

[Adamant Finance]

Technical Outlook October 26, 2016

EURUSD

 

The currency pair established new lows yesterday during the European session. However, US CB Consumer Confidence data was worse than expected and this statistics exert some pressure on USD. The currency pair went back to previous levels. It is to notice that Interest Rates hike odds increased again and reached 78,5%. This fact is going to support USD in the nearest future. There is no important data to follow neither from USA, nor from the Eurozone today. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction was short and limited in time. We expect the currency pair to continue its decline this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open short-term long trades from the MA55 balance line are. Place stops below the curve.     

 

GBPUSD

 

The currency pair declined sharply on fears of further easing by the Bank of England regardless the rising inflation. Mark Carney, head of the structure said yesterday, that the Bank of England is going to use all available tools to support inflation growth. However, later it restored partially its positions on worse than expected US CB Consumer Confidence data. We think that automated short trades orders triggered as they did not long ago. The trendline on the Hourly chart was broken through. We think that the downtrend is going to continue. 

Bears still dominate on the Weekly chart as the price is below the MA55 balance line. There was a correction last week. We expect the currency pair to continue its decline this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line or from the trend line. Place stop losses at will. 

AUDUSD

 

The currency pair went upwards on the better than expected Australia CPI data. This data indicates on the fact that the Reserve Bank of Australia is not going to cut Interest Rates lower. The currency pair is able to continue its growth on both technical and fundamental factors. The bias of fluctuations changed and the currency pair looks upwards at the moment. 

Bulls are still dominating on the Weekly chart as the price is above the MA55 balance line. The currency pair had made some attempts to grow but it declined in the end of the last week. It is still unclear whether AUD/USD goes upwards or downwards. However, we still think that the currency pair is able to go towards 0,71800.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. There was a good opportunity to open trades from the MA55 balance line today in the morning. It is better to avoid trading at the moment and wait for clear signals.

USDCHF

 

The currency pair had an attempt to grow. However, the upside burst was short-term. It is to say that Euro had already changed its tendency and we expect USD/CHF to decline in the nearest future. There is still no trend but you may try to put the cart before the horse.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued to grow last week. We expect USD/CHF to accelerate its upside tendency in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses at 150-200 pips from the opening level.

Gold and Silver Technical Analysis October 26, 2016

GOLD (XAUUSD)

XAU/USD broke through the upper side of the triangle although it was almost impossible. There is the uptrend at the moment and you may try to search for long trades. We expect XAU/USD to grow towards 1280,00. Then there is a probability of a correction. There will be an opportunity to open long trades during this correction from the MA55 area.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction took place last week and it may continue in the nearest future.

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

SILVER (XAGUSD)

We advised to buy Silver yesterday. However, the price did not reach the MA55 balance line to open trades. Finally, XAG/USD went upwards but we had no opportunity to enter the market. It is recommended to look for long trades only.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We expect that the upside correction is going 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 balance line. We advise to wait until the price reaches the MA55 and then try to open short trades. 

   

 

[Adamant Finance]

Technical Outlook October 27, 2016

EURUSD

 

There was an opportunity to open long trades from the MA55 area yesterday. The currency pair had some growth and allowed to take about 600 pips as profit. Then, the currency pair declined as the US Service PMI data was better than expected. Experts expected this data to be worse than previous one. However, as you may see, Service PMI was even better than expected. There is another set of US data today. We advise to pay attention to the US Durable Goods orders as this statistics may influence further EUR/USD direction for today. Unemployment Claims data is also worth your attention.

There is still no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction is done already as it was limited in time. We expect the currency pair to continue its decline this week. However, it is important to pay attention to fundamental factors.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. There is a good opportunity to enter the market today. However, everything may change after the US data. In addition, the currency pair is unable to break through the trend line. We advise to avoid trading as the situation is unclear.     

 

GBPUSD

 

The currency pair offered an opportunity to open short trades from the trend line. However, there was no further decline. The currency pair went down for about 250 pips and it was enough to protect your trades. You had a chance to move stop losses to breakeven area. The situation is still unclear and we give no recommendations. 

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Last week was corrective and we expect the currency pair to continue to go down 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 balance line. We advise to do nothing at the moment as there are some doubts about further situation development. 

AUDUSD

 

The currency pair fails to go upwards. There was another attempt to resume the uptrend but it was unsuccessful. It means that AUD/USD is unable to continue the upside tendency. It is better to consider short trades. The tendency still has no changes but this significant downside move may lead to a break of the uptrend tomorrow. 

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair made some attempts to grow but it declined in the end of the last week. The situation is still unclear. There is a probability that AUD/USD is going to decline towards 0,71800 in the nearest future.

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

USDCHF

 

The currency pair moved down sharply yesterday and if you had an opportunity to open short trades according to our recommendations, you would have a chance to take some profit. USD/CHF declined to the profit area for about 450 pips. Trend is still neutral and we advise to avoid trading at the moment.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued its growth last week. We expect USD/CHF to accelerate its growth in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decision presently as the situation is still unclear.

Gold and Silver Technical Analysis October 27, 2016

GOLD (XAUUSD)

There was no growth to 1280,00 as the price went on correction. We think that there is more space for Gold to grow. However there are some signs that the current tendency may be changed, especially if the price is going to break through the trend line. If XAU/USD fails to break through the line, there will be an opportunity to open long trades from the MA55 balance line area.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction is still developing and we expect it to continue this week.

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

SILVER (XAGUSD)

There was a correction towards the MA55 balance line and you had an opportunity to open long trades. However, the price declined even deeper and triggered stop losses. It is better to open long trades as the price is still higher than the trendline. However, there is no trend at the moment and we advise to avoid trading.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is an upside correction and we expect it to develop 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 balance line. We advise to open long trades from the trendline. Place stop losses below it. 

   

 

[Adamant Finance]

Technical Outlook October 28, 2016

EURUSD

 

The currency pair made another unsuccessful attempt to break through the trendline. It is clear that this trendline prevents EUR/USD from further growth. In this case we gave no recommendations. There is a probability that the currency pair is going to develop its downside tendency. There are many signs of further downtrend. Yesterday’s US data almost met the expectations. However, if today’s US statistics is better than expected, there is a probability of decline. However, the MA-channel still looks upwards. We give no recommendations in this situation. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction was short-term and limited in time. We expect the currency pair to decline in the next couple of days. 

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We think that here is a good position to open short trades. However, as we have previously mention, the uptrend is still dominating the market. We give no recommendations.     

 

GBPUSD

 

The currency pair had some growth yesterday after the release of the Prelim UK GDP q/q data. Previous meaning was 0,7%. This time it fell down to 0,5%. However, it was better than 0,3% forecasted. It is to mention that the currency pair growth changed with a considerable decline. It is to mention that UK data is better than expected, but the currency pair has a downside bias. We think that it is possible that GBP/USD is going to cross the trendline and establish new lows. 

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen a sort of a correction last week. It is probable that the decline is going to continue this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. We advise to take no decision today, as the situation is still unclear.  

AUDUSD

 

The currency pair changed its direction according to our expectations. It is time to look for short trades. We advise to open trades from the MA55 balance line as it is safer to start working from this area. However, there is a probability that the currency pair will be unable to reach that area. If this happens, we advise you to search for entry points on your own.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. The currency pair made attempts to grow. However, it declined in the last days of the last week. It is still unclear what is to happen in the nearest future. However, we think that the scenario to reach 0,71800 is still actual.

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

USDCHF

 

The currency pair continues to be trading within a horizontal range. There is a probability of an upside momentum today. We advise to follow US Prelim GDP q/q data as it may change market situation significantly. Anyway, USD/CHF was here for a long time and it is possible that there will be a sharp momentum. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continues its growth and we expect it to accelerate this week.

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

Gold and Silver Technical Analysis October 28, 2016

GOLD (XAUUSD)

There was an opportunity to open long trades from the MA55 balance line (or from the trendline). However, later we have seen that the growth had almost no progress. The currency pair offered a chance to fix positions with some small profit. You had also an alternative to leave your trades as they were. However, there is a probability of changes in the current trend. We advise to search for short trades.

The uptrend is still in progress on the Weekly chart as the  price is above the MA55 balance line. There was an upside correction last week and we expect it to continue.

There is the downtrend on the Hourly chart as the MA-channel goes downwards but the price is close to the MA55 balance line. You may try to open short trades if the currency pair breaks through the trendline. Place stop losses above the curve. 

SILVER (XAGUSD)

XAG/USD failed to decline towards the trendline to offer opportunities for long positions. However, if you had a chance to buy from the trendline area, there was some small growth and an opportunity to take small profit. The tendency has already changed and we advise  to search for short signals from the broken through trendline.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction and we expect it to continue 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. We advise to open short positions when the price breaks through the trend line. Place stop losses above the MA55. 

   

 

[Adamant Finance]

Technical Outlook October 31, 2016

EURUSD

 

The currency pair went upwards on Friday regardless the better than expected Advance GDP q/q US data. It was truly unpredictable as everything hinted on further decline of EUR/USD. Experts think that USD fall was due to new FBI investigation concerning US candidate Clinton private email that was used to transfer secret data. However, advance GDP US data was better than expected and Interest Rates hike odds rise again There is a probability of the uptrend to accelerate and we advise to search for long trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was in a flat last week and then went upwards on Friday. We think that the upside correction is on the way and it may target 1,11500.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The currency pair is still far from the MA55 and we give no recommendations for the EUR/USD today.     

 

GBPUSD

 

The currency pair was trading with an upside bias despite the better than expected US Advance GDP q/q data. There was no new lows established. However, the lower trend line change its position. It looks like being more logical at the moment. It is difficult to predict further currency pair dynamics at the moment. We think that the downside bias it preferable as GBP is still under pressure after Brexit referendum.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair had a correctional mood last week. However, there is a probability of further decline at any moment. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. There is a probability of a correction towards the upper trend line. Then, we expect the currency pair to resume its downtrend.  

AUDUSD

 

The currency pair failed to reach the MA55 balance line and there was no opportunity to open short trades according to our recommendations. AUD/USD has crossed the balance line today and there is a probability of change in current trend. However, if there is some further growth it may target 0,76800 only and then we expect the currency pair to decline again. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair attempted to grow but it declined in the end of the last week. We still have no idea how this situation is going to develop. However, we think that the downside scenario targeting 0,71800 is still actual.

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

USDCHF

 

The currency pair had a downside momentum last week. We expected it to go upwards and gave no recommendations. USD/CHF was in a downtrend but the price is still far from the MA55 balance line and we give no recommendations. We think that the price is going to correct towards the balance line and there will be some opportunities to open trades tomorrow.

There is no trend on the Weekly chart as the price is fluctuating around the MA5 balance line. There was no growth acceleration. USD/CHF reversed its tendency instead. We expect the currency pair to continue its decline in the nearest future.

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

Gold and Silver Technical Analysis October 31, 2016

GOLD (XAUUSD)

There was an opportunity to open short trades when the price crossed the trendline. XAU/USD was in a profit area allowing to fix successful positions. However, the price went upwards on Friday’s evening and this reverse was due to the political situation in the USA (as some experts say). USD lost some positions as tension is growing on the eve of US presidential. Even stronger than expected US Advance GDP q/q data was unable to support USD.

There is the downtrend on the Weekly chart as the price is above the MA55 balance line. The upside correction becomes faster and may target 1306,00.

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

SILVER (XAGUSD)

There was no breakthrough of the trend line and short trades failed to be executed according to our recommendation. XAG/USD changed its tendency as well and we advise to search for long trades. It is better to wait until the price goes towards the MA55 balance line. 

The uptrend is on progress on the Weekly chart as the price is above the MA55 balance line. The upside correction continues and we had to adjust the red trendline. 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 balance line. We advise to open long trades from the MA55 balance line. Place stops below the MA55. 

   

 

[Adamant Finance]

Technical Outlook November 1, 2016

EURUSD

 

The currency pair was in a local downtrend before the American session and even reached the balance line. Eurozone Flash GDP q/q data met the forecasts but the US data was mixed. Personal Spendings met the forecasts and the Chicago PMI was worse than expected. USD was under the pressure during American session. The currency pair was trading within a range and this tendency is likely to continue today on the eve of tomorrow’s FOMC meetings. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had no clear bias last week and then went upwards on Friday. We think that this fact proves the beginning of a correction that may last up to 1,11500.

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. The currency pair is trading within a range and you may try long trades from the MA55 balance line with close targets.     

 

GBPUSD

 

The currency pair was trading with an upside bias yesterday after weaker than expected US Chicago PMI data. There was a growth towards the upper trendline, that we had expected previously. We gave no recommendations as there was the downtrend. Today we expect the price to bounce off the upper trendline. 

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a sort of correction last week. However, we expect the currency pair to continue its decline 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 balance line. We think that there is a probability of a bounce off from the upper trendline. However, we give no recommendations as the trend still looks upwards.   

AUDUSD

 

The currency pair went upwards to the expected 0,76800 area and we think that there is a probability of a correction from there. There was a reverse and there is the uptrend at the moment. The currency pair fluctuates according to our scenario. However, we give no recommendations as we do not advise to trade against the trend. The Reserve Bank of Australia took a decision to leave its monetary policy unchanged.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair made some attempts to grow but it declined in the end of the last week. It is still unclear whether AUD/USD is going to grow or decline. However, we think that it is able to went downwards towards 0,71800.

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

USDCHF

 

There was a correction towards the balance line as we had expected and we advise to search for short trades along the current trend. Today there is an important Swiss Retail Sales data. This statistics may exert pressure on CHF.

There is no trend on the Weekly chart as the price is still fluctuating around the MA55 balance line. There was no acceleration of growth and the tendency reversed. We expect the currency pair to decline further this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the curve or above the trendline that is even better.

Gold and Silver Technical Outlook November 1, 2016

GOLD (XAUUSD)

There was an opportunity to open long trades according to our recommendations. However, eventual profit was too small. If you position is still in play, you can protect it by placing stop loss at breakeven level and partially fix your trades. There is still some support to XAU/USD. However, the situation is unstable and this support may disappear at any moment. We are on the eve of the FOMC meetings.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction becomes stronger and may last until 1306,00.

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

SILVER (XAGUSD)

There was no opportunity to open long trades as XAG/USD was far from the safe area for trading. However, we may state that the uptrend is in progress and even accelerates. You nay try to open long trades today if the prices gets closer to the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction is still progressing. We had to adjust the red trendline. We expect XAG/USD to trade with the same dynamics this week. 

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