Adamant Finance - Daily Analysis

[Adamant Finance]

Technical Outlook March 22, 2017

EURUSD

The currency pair gained some additional support after yesterday’s France president candidates debates. According to the latest data, Macron won those debates (he supports the current France’s policy). There is still some upside potential for the currency pair and we think it is going to develop its growth today.

The price is far from the balance line, but we think it is going to reach it in the next couple of hours or later.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was growing last week contrary to our expectations. We think that EUR/USD is going to develop its upside tendency in the next couple of days.

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

GBPUSD

The currency pair has some additional support after the UK CPI data, which was even better than expected. We think it is going to develop its growth after some correction. However, if there is no correction, we advise to do nothing today.

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

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

AUDUSD

The currency pair started to decline yesterday according to our expectation. It is to say, that we had previously indicated on the probability of a decline as the pattern was bearish, despite the fact that there was long opportunities according to the technical analysis. The currency pair was trading in the opposite direction to the other allied currencies. It happens sometimes and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline last week due to the weak USD. We think that the currency pair is going to develop its upside tendency in the next couple of days.

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

USDCHF

The currency pair developed its moderate decline yesterday due to weak USD. There is the downtrend currently and it is time to look for short trades from the MA55 balance line. There is a high potential for further downside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week because of weak USD. We think that this downside dynamics is going to develop in the next couple of days.

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

Gold and Silver Technical Outlook March 22. 2017

GOLD (XAUUSD)

Gold had some growth yesterday because of weak USD. After yesterday’s considerable growth we expect XAU/USD to have a deep correction today. When it is done, we think there will be opportunities to open long trades. Growth potential is still too high.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no decline last week as market participants were disappointed with the Federal Open Market Committee members comments on further monetary policy tightening. We think the currency pair is going to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver had some moderate growth yesterday and we think it is better to do nothing today. The volatility is low and I not enough to take any profit today. However, we think that the upside dynamics is going to continue today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no decline last week as the market participants were disappointed with the Federal Open Market Committee members’ comments on further monetary policy tightening. We think Silver is going to develop its upside tendency

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

[Adamant Finance]

Technical Outlook March 23, 2017

EURUSD

The currency pair reached the MA55 balance line yesterday during the European session and there was an opportunity to buy according to our recommendations. The price was in a profit area for 450 pips allowing to take profit partially and to protect trades. The price is trying to break through the trend line today but this is happening during the Asian session and we think that this breakthrough is false.

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

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

GBPUSD

The currency pair had a correction towards the MA55 balance line and there was an opportunity to buy according to our recommendations. The price was in a profit area and you had a chance to take around 600 pips as profit or protect your trades. We think that the currency pair is going to develop its growth today and there will be an opportunity to open long trades from the MA55 balance line or from the trend line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth after last week’s British Government decisions and announcements. We think that GBP/USD is going to develop its upside tendency in the next couple of days.

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

AUDUSD

The currency pair was trading in the opposite side of its main “Allies”. There is the downtrend at the moment and we think AUD/USD is going to break through the trendline today. We recommend doing nothing today, as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no currency pair decline last week because of weak USD. We think that the currency pair is going to develop its moderate growth in the next couple of days.

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

USDCHF

The currency pair developed its moderate decline yesterday but failed to reach the balance line offering no opportunities to open short trades according to our recommendations. USD/CHF met a strong support line and bounced off it. We think it is going to be trading close to this support line today and to try to break it through.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week because of weak USD. We think that USD/CHF is going to develop this dynamics in the next couple of days.

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

Gold and Silver Technical Outlook March 23, 2017

GOLD (XAUUSD)

Gold failed to reach the MA55 balance line yesterday offering no opportunities to open long trades according to our recommendations. XAU/USD’s growth slows down and we think the precious metal is going to start a correction in the nearest future. We advise to look for long trades from the MA55 balance line or from the trend line today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no Gold decline last week because market participants were disappointed by the Federal Open Market Committee members’ comments. We think Gold is going to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver was in a tight range yesterday and broke through the trend line. Those are the first signs of a probably tendency reverse. The volatility is too low to take any steps and profit. We give no recommendations today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no declined last week because of the FOMC members’ comments. We think that XAG/USD is going to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook March 24, 2017

EURUSD

The currency pair has broken through the trend line and changed its tendency. There was some fears that this breakthrough is false, but it seems to be true and the currency pair is in the downside correction at the moment. It is better to avoid trading at the moment as the fluctuations are very weak and it is hard to make any profit in this situation. On the other hand, the risks are too high.

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

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

GBPUSD

The currency pair corrected during the European session yesterday and reached the balance line allowing to open long trades according to our recommendations. There was an opportunity to take about 600 pips as profit or to protect trades. We think that the currency pair’s growth is likely to be paused today and it is better to do nothing in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some significant growth after the British government decisions last week We think that GBP/USD is going to resume its upside tendency in the next couple of days.

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

AUDUSD

The currency pair developed its decline yesterday and established a clear downside tendency. The trend line was broken through. You may try opening short trades today as there are all conditions for this tendency to continue in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no currency pair decline last week because of weak USD. We think that AUD/USD is going to develop its moderate growth in the next couple of days.

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

USDCHF

The currency pair bounced off a strong support level twice and went upwards today in the morning. We think it is going to grow towards the trend line and then the currency pair is likely to bounce off it. However, there is no tendency at the moment and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week because of weak USD. We think this dynamics is likely to continue in the ne xt couple of days.

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

Gold and Silver Technical Outlook March 24, 2017

GOLD (XAUUSD)

Gold approached the trendline yesterday and there was a chance to open long trades according to our recommendations. If you did this you would earn about 7 USD and it was eb=enough also to protect your trades. XAU/USD declined after and the trend line on the Hourly chart was broken through. Here is the first sign of future tendency change and we think it is better to avoid trading today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no decline last week as market participants were disappointed with the Federal Open Market Committee member’s comments. We think that Gold is going to grow in the next couple of days.

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

SILVER (XAGUSD)

Silver was growing yesterday up to the broken through trend line. There was some opportunities to open short trades according to our recommendations but the volatility was low. We advise to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no decline last week as market participants were disappointed by the Federal Open Market Committee members’ comments. We think Silver is going to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook March 27, 2017

EURUSD

The currency pair went upwards after stronger than expected Eurozone PMI data. This was the most important move on Friday. Many central banks members are going to give their comments this week and we think that the dynamics is going to change sharply during the week. The price is in the uptrend today, but this tendency is not stable and everything may change. EUR/USD started this new week with a price gap on the Hourly chart and there is a probability that it is going to close it in the nearest future. It is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth last week. We think EUR/USD is going to bounce off the trend line in the next couple of days.

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

GBPUSD

The currency pair stopped to grow and GBP/USD is able to reverse its current tendency. The first sign of future trend change is the breakthrough of the trend line on the Hourly chart. He MA-channel slows its growth as well. The price is under the trend line at the moment and there is a high probability that it is going to decline. You may try to look for short trades in this situation.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth last week as we had previously expected. We think that GBP/USD is going to change its weekly fluctuations bias.

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

AUDUSD

The currency pair offered no opportunities to open short trades on Friday as the price did not reach this balance line. However, the price is close to the MA5 balance line today and it looks like there is a chance to sell from here. You can try to open short trades with small stop loss.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week but this upside tendency was weak and AUD/USD decline by the end of the week. We think it is going to develop its downside tendency in the next couple of days.

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

USDCHF

The currency pair went downwards on Friday and the pattern that we can see on the chart indicates on the probability of further decline. If this scenario is going to be developed, USD/CHF may decline considerably. We think it is time to look for short trades.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 0,9875 or even higher. Place stop loss at 0,9895.

Gold and Silver Technical Outlook March, 27, 2017

GOLD (XAUUSD)

Gold continued to be trading in both directions on Friday. The price is close to the broken through trend line today, We think that there is a probability of bounce off. However, the price established new weekly high and the downside scenario may be cancelled. Anyway it is better to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD had some growth last week according to our expectations. We think that this precious metal is going to grow again in the next couple of days.

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

SILVER (XAGUSD)

Silver is trading with the similar dynamics as it is growing today. XAG/USD opened with a price gap and there is a probability that it is going to close it in the nearest future. The price is close to the broken through trend line and established new weekly highs. This pattern is disputable and it is better to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think that Silver is going to be trading in both directions in the next couple of days.

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

[Adamant Finance]

Technical Outlook March 28, 2017

EURUSD

The currency pair continued its growth yesterday and not even attempted to close the price gap. This growth was supported by the better than expected Eurozone German Ifo data. USD is still under pressure as new US Government is unable to materialize their initiatives. As for the events and important data, we advise to pay attention to today’s US Consumer Confidence statistics from Conference Board. The price is far from the balance line and it is better to avoid doing anything.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that EUR/USD is going to bounce off the trend line in the next couple of days.

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

GBPUSD

The currency pair resumed its growth yesterday. Short trades from the broken through trend line were closed by stop loss. We have drawn another trend line today and you can try to look for long trades from this line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth last week as we had expected it previously. We think that GBP/USD is going to change its current tendency in the next couple of days.

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

AUDUSD

The currency pair offered an opportunity to sell from the MA55 balance line but the volatility is still low and it is hard to take any profit in this situation. The price was in the profit area for 200 pips. We advise to avoid trading today as there is no clear tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth last week and declined by the end of the week. We think that AUD/USD is going to continue its moderate decline.

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

USDCHF

The currency pair offered an opportunity to take about 600 pips of profit and to protect the trades. We can see a sort of a correction today and the price is still far from the balance line to open short trades again. However, USD is still under pressure and the opportunity may arise anytime. We advise to monitor the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that this tendency is going to change in the next couple of days.

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

Gold and Silver Technical Outlook March 28, 2017

GOLD (XAUUSD)

Gold retraced from the broken through trend line but still forms an upside tendency. We can see some sort of a correction before further upside momentum. There are three possible points to open trades- MA13, MA55 balance line and the trend line. We advise to monitor the situation and take decisions according to the signals that may come. It is better to open trades at the lowest point. However, there are risks to miss an opportunity.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think that XAU/USD is going to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from MA13, MA55 balance line or from the trend line. Place stop losses below those indicators.

SILVER (XAGUSD)

Silver increased its volatility and we think it is time to look for trades. It is better to wait until a correction and then to open long trades. There is an opportunity to buy from the MA13, but the risks are too high in this case. It is better to wait for the price to reach the MA55 balance line and to buy from there.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth according to our expectations last week. We think that XAG/USD is going to be trading in both directions in the next couple of days.

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

[Adamant Finance]

Technical Outlook March 29, 2017

EURUSD

The currency pair was trading in a tight range before the US data, which was released during the American session. The US Consumer Confidence data from Conference Board was higher than expected and reached its 16 years highs. This means that the US economics feels better than expected. USD had some growth yesterday and EUR/USD’s downside correction turns into a downtrend. It is also to mention that the price gap is closed already. It is better to do nothing today, as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth last week and we think it is going to bounce off the trend line in the next couple of days.

There is no trend on the Hourly chart as the moment as the MA-channel is neutral and the price is below the MA55 balance line. There was an opportunity to open short trades from the broken through trend line today in the morning. We advise to do nothing today as the situation is unclear.

GBPUSD

The currency pair offered an opportunity yesterday to open long trades during the European session according to our recommendations. If you did this, you could have some profit. However, for those who entered during the American session, there was no opportunity to close trades with earnings as stop losses triggered. The currency pair reacted to the US Consumer Confidence data, which was far better than expected. The price is close to the lower side of the MA-channel and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some growth last week but we think that the currency pair is going to change its tendency into a downside.

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

AUDUSD

The currency pair is still going in the opposite side of the others allies. There is no trend currently and we think it is better to do nothing today and to stay off the market.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week but it was weak and AUD/USD declined by Friday. We think that the currency pair is going to develop its downside tendency in the next couple of days.

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

USDCHF

The currency pair is trying to reverse its tendency and we think that there is no sense to look for short trades. However, there are no opportunities to open long trades as well. It is better to do nothing today and to monitor the situation.

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

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

Gold and Silver Technical Outlook March 29, 2017

GOLD (XAUUSD)

Gold was in the uptrend during the European session and there was opportunity to open long trades from the MA55 balance line. The price was in the profit area and allowed to take 7USD. It was enough to close positions or to protect them. However, during the American session the price reversed as the US Consumer Confidence data was better than expected and we think Gold is going to develop its downside tendency in the nearest future. There are no signs of the previous upside tendency and we think it is better to sit on the hands today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD developed its growth last week according to our expectations and we think Gold is going to continue its upside tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver reached new highs yesterday and there was an opportunity to open successful trades from the MA13. You could earn about 20 pips in this case. There is also an opportunity to buy from the MA55 balance line today but the risks are too high.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think that Silver is going to be trading in both directions in the next couple of days.

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

[Adamant Finance]

Technical Outlook March 30, 2017

EURUSD

The currency pair continued its aggressive decline yesterday. We think that the main reason for such a strong downtrend is that the Great Britain has launched the Brexit procedure officially. This is a bad news for the European Union as it is a sign of a weakness of the organization. There are also French elections on the way and there result is undefined. There is no opportunity to open trades today a the price is close to the lower side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that EUR/USD is going to bounce off the trend line 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. We advise to avoid trading today as the situation is unclear.

GBPUSD

The currency pair was in a correction yesterday to the latest decline but still failed to reach the MA55 balance line. We think that the further growth of the American Dollar may be the reason for GBP/USD to further decline. Yesterday’s US data was stronger than expected. We advise to pay attention to today’s US GDP data, which is likely to influence fluctuations as well.

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

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

AUDUSD

The currency pair continued to grow yesterday while Euro declined and the British Pound was in a range. There is a probability that current fluctuations may lead to an upside tendency, but it is still weak and we advise to avoid trading today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. However, this upside tendency was weak and AUD/USD declined by Friday. We think that the currency pair is going to continue its moderate decline in the next couple of days.

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

USDCHF

The currency pair reversed yesterday and there is an opportunity to open long trades when the price reaches the MA55 balance line. There was a chance to long trades from the MA13 but we gave the recommendations. We advise to do nothing today as the price is far from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our recommendations. We think that the tendency is going to be changed in the next couple of days.

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

Gold and Silver Technical Outlook March 30, 2017

GOLD (XAUUSD)

Gold reversed its tendency yesterday. XAU/USD has broken through the trend line, returned to it and then continued its decline. The MA-channel reverses as well and indicates on the downside tendency. We think that it is time to open short trades as the situation is suitable. However, it is better to wait until the price reaches the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our recommendations. We think that XAU/USD is going to grow in the next couple of days.

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

SILVER (XAGUSD)

Silver is going to slow down its growth but established new highs yesterday. They were just few pips higher than previous ones. We think that the tendency is ready to make a reverse and there is an opportunity to open short trades, but we advise to do nothing as the trend line still holds the price and the tendency looks upwards.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth according to our expectations. We think that XAG/USD is going to continue its fluctuations in both directions.

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

[Adamant Finance]

Technical Outlook March 31, 2017

EURUSD

The currency pair continued its aggressive decline yesterday. As we had previously mentioned, this downside tendency was a result of the officially launched Brexit. The upcoming French election campaign push EUR/USD downwards as well. There are risks that the future president of the second European Union economy is going to launch Frexit procedure. Yesterday’s US data was better than expected. There is no opportunity to open trades today as the price is close to the lower side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was growing last week. We think it is going to bounce off the trend line and to reverse its tendency in the next couple of days.

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

GBPUSD

The currency pair continued its upside dynamics due to crosses. GBP/USD has got some support despite the stronger than expected US data. If you opened a short trade from the MA55 balance line, it was closed by stop loss. There is no trend currently and we advise to avoid trading today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth last week. We think that GBP/USD is going to change its tendency in the next couple of days.

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

AUDUSD

The currency pair changed its tendency and AUD/USD is currently in the range with no clear direction. There is no opportunity to open trades as the fluctuations are weak and the volatility is low. We think that this dynamics is going to prevail and is it better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some growth last week, but it was weak and the currency pair decline by Friday. We think that AUD/USD is going to decline in the next couple of days.

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

USDCHF

The currency pair failed to decline towards the MA55 balance line and developed its growth yesterday. The main reason for this upside tendency is better than expected US data for the last couple of days. There was an opportunity to buy from the MA13,

but those trades were risky as we had previously mentioned. We think there is an opportunity to open long trades from 0,99750 today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations by Friday. We think that USD/CHF is going to change its current tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from 0.99750. Place stop losses at 0,99600.

Gold and Silver Technical Outlook March 31, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open short trades from the MA55 balance line. The price was in a profit area for 11USD and there was a chance to take profit or to protect trades. The price is likely to go back towards the MA55 balance line during the European session and to resume its decline later.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think that XAU/USD is going to continue its upside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to trade only in case if the price reaches the MA55 balance line. It is better to open short trades from there. Place stop losses above this indicator or trend line.

SILVER (XAGUSD)

Silver is trading with no clear tendency at the moment and as we had previously mentioned, it was better to do nothing yesterday. The tendency is neutral but the trend line still holds the price and we advise to “sit on the hands” as the opportunity to sell is likely to appear the next week only.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think Silver is going to be trading in both directions in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 3, 2017

EURUSD

The currency pair was trading in both directions within a tight range and returned to the MA55 balance line several times. There are some important events this week including the release of the Federal Open Market Committee meeting Minutes and the US Labor Market data. We also advise to pay attention to the FOMC members’ comments. We think that the currency pair is going to decline today and then to start its upside correction.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week as we had previously expected. We think that the currency pair is going to develop its moderate downside tendency with some upside corrections.

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

GBPUSD

The currency pair continued its upside dynamics last Friday supported by crosses and better than expected UK data. We have seen the reverse as the trend line on the Hourly chart was broken through. We think it is time to open long trades from the broken through trend line. As for this week’s data, pay attention to the Federal Open Market Committee meeting Minutes and the US Labor Market data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its weekly tendency but there was almost no decline. We think that GBP/USD is going to develop its moderate growth in the next couple of days.

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

AUDUSD

The currency pair continued its neutral dynamics on Friday. It is going to break through the trend line today and if it happens, we would see the beginning of a downside tendency. The MA-channel goes downwards and this is a good sign for the development of a downside tendency. We think it is time to look for short trades today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline and no growth last week. The fluctuations’ range was less than 1000 pips. We think that the currency pair is going to grow moderately in the next couple of days.

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

USDCHF

There was no opportunity to buy according to our recommendations as the price has not reached the recommended level. USD/CHF slows down its growth and we think that the correction is going to start in the nearest future. However, we think there is a probability of another upside momentum today and we advise to open long trades in this case.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair changed its tendency last week according to our expectations. We think that USD/CHF is going to develop its moderate growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses above this Moving Average with period 55.

Gold and Silver Technical Outlook April 3, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open short trades from the trend line but there was only few hours before the end of Friday’s session and there was no sense to open trades. We think it is a good idea to look for short trades with close stop losses today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week but there is still probability that it may happen in the nearest future. We think that XAU/USD is going to grow in the next couple of days.

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

SILVER (XAGUSD)

Silver has tested the trend line on Friday and bounced off it. There was no opportunity to open short trades. The trend line was broken through but there is still no tendency and it is better to avoid selling at the moment. It is better to wait until the trend line is broken through and then to look for short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think XAG/USD is going to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 4, 2017

EURUSD

The currency pair was trading in both directions. It has established new lows. There was an opportunity to execute short trades according to our recommendations during the upside momentum towards the MA55 balance line within the American Session. The price declined for 300pips later allowing to fix profit partially or to protect trades. We advise to pay attention to today’s EU Retail Sales data along with the European Central Bank Head’s speech. The currency pair slows down its decline on the eve of the Federal Open Market Committee Meeting Minutes, which are to be released on Wednesday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week according to our expectations. We think that the currency pair is going to continue its moderate decline with some upside corrections in the next couple of days.

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

GBPUSD

The currency pair declined towards the broken through trend line and the price bounced off it. There was an opportunity to open long trades according to our recommendations but the price was in the profit area for 250pips only. It was enough to protect trades but it is too early to fix the positions and those trades were closed by stop losses with no profit. The currency pair is likely to continue yesterday’s decline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its weekly tendency but its decline was moderate and ended in the second half of the last week. We think that the currency pair is going to develop its moderate growth in the next couple of days.

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

AUDUSD

The currency pair allowed to open short trades from the broken through trend line and the price was in the profit area for 200-300 pips. Market participants are waiting for the Reserve Bank of Australia Meeting results and it is better to fix positions or to protect them by placing stop losses on the breakeven level. The currency pair has the intention to further decline, but the RBA Meeting may have an impact on the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline last week. Last week’s fluctuations range was less than 1000pips. We think that the currency pair is going to decline moderately in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the Ma55 balance line. We advise to hold short trades from the broken through trend line.

USDCHF

The currency pair failed to get close to the MA55 balance line. However, there was an opportunity to open trades during the American Session. The market players are waiting for upcoming Federal Open Market Committee Meeting Minutes results, which are to be released tomorrow. It is better to “sit on your hands” today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a tendency reverse last week according to our expectations. We think that the currency pair is going to develop its upside tendency in the next couple of days.

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

Gold and Silver Technical Outlook April 4, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open short trades from the trend line during the Asian session. It was risky to do it later, but if you opened trading during the Asian session, you had an opportunity to protect positions as the price was already in the profit area. XAU/USD has broken through the trend line and is trying to establish an upside tendency. There is no clear trend and it is better to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week, but there is still a probability of an upside tendency in the nearest future.

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

SILVER (XAGUSD)

Silver has tested the trend line and moved higher. This means that this trend line is still strong. There is no tendency currently as the trend line is not broken through and it is better to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that XAG/USD is going to develop its growth.

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

[Adamant Finance]

Technical Outlook April 5, 2017

EURUSD

The currency pair was trading in both directions yesterday and established new lows. It is better to do nothing before the release of today’s US data. The main statistics for today is the Federal Open Market Committee Meeting Minutes, which are to be released during the American Session. We advise to pay attention to the US Labor Market ADP data as well as ISM Non-Manufacturing PMI.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week. We think the currency pair is going to develop its moderate decline with upside corrections in the next couple of days.

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

GBPUSD

The currency pair continued its decline yesterday but failed to move far. Today’s Federal Open Market Committee Meeting Minutes have also significant impact on GBP/USD. We advise to pay attention also to the UK Services PMI, which is to be released during the European Session. However, we think that market participants are going to skip this data and wait for the US statistics, which will be released during the American session.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its tendency last week according to our expectations, but GBP was declining in the first half of the week only. We think that the currency pair is going to grow moderately in the next couple of days.

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

AUDUSD

There was no opportunity to sell according to our recommendations yesterday. The price failed to reach the necessary area. There is a strong downside tendency and we still advise to look for short trades. It is better to wait until the price reaches the MA55 balance line to open positions from there.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline neither growth last week. The currency pair was trading in a 1000pips range. We think that AUD/USD is going to develop its moderate decline in the next couple of days.

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

USDCHF

The currency pair offered an opportunity to open long trades according to our recommendations. There was no significant move and there are two options to choose: you can fix your trades with no profit at the moment or to wait for some small earnings. There is important US data on the way (Federal Open Market Committee Meeting Minutes, ISM Non-Manufacturing PMI) which is able to change the situation. We advise to wait until those releases before taking any further steps.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair changed its tendency by the end of the last week. We think it is going to grow moderately in the next couple of days.

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

Gold and silver Technical Outlook April 5, 2017

GOLD (XAUUSD)

Gold established an upside tendency and it is time to look for long trades. However, we advise to take a pause as there is important US data on the way (Federal Open Market Committee Meeting Minutes) which may have considerable impact on fluctuations. If the FOMC member comments are more hawkish, there is a probability of a tendency reverse. However, we think that this situation is extraordinary and we advise to look for long trades with close stop losses.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week but it is still possible. We think that XAU/USD is going to develop its moderate growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the Ma55 balance line. Place stop losses below this indicator.

SILVER (XAGUSD)

Silver continues its upside dynamics and may accelerate its growth. However, we advise to do nothing today. If you want to trades, you can open long trades from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver was growing last week. We think it is going to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 6, 2017

EURUSD

The currency pair declined yesterday on the eve of the Federal Open Market Committee Meeting Minutes after the better than expected US ADP Non-Farm Employment Change data. However, it gained back its positions after the release of the FOMC Meeting Minutes as market participants have heard nothing new on monetary policy tightening. Investors are looking forward to see Friday’s Us Labor market data and Average Hourly Earnings in particular. The trend line was broken through and the currency pair is trying to establish an upside tendency.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The price bounced off the trend line last week according to our expectations. We think EUR/USD is going to develop its moderate decline with some upside corrections in the next couple of days.

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

GBPUSD

The currency pair returned to a neutral position after stronger than expected UK Services PMI data. As we have previously mentioned there was almost no reaction to the data. It is time to monitor the situation and to see whether the price is able to break through the trend line for further upside tendency. We think that this is likely to happen on Friday after the US Labor Market and Average Hourly Earnings data.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair changed its weekly tendency last week but it was declining in the first half of the week only. We think that GBP/USD is going to develop its moderate growth in the next couple of days.

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

AUDUSD

The currency pair offered an opportunity to open short trades from the MA55 balance line according to our recommendations. There was an opportunity to protect trades or fix them partially as the price was in the profit area for 200pips. If you did not move stop loss at breakeven level, those trades are still active and current profit is about 500 pips and it has some space to develop. We advise to fix trades when the profit grows to 700pips.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline neither growth last week. The currency pair was trading within a 1000 pips range. We think that AUD/USD is going to develop its downside tendency in the next couple of days.

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

USDCHF

The currency pair had some growth yesterday on the better than expected US ADP Non-Farm Employment data, but then declined after the Federal Open Market Committee Meeting Minutes release. We advise to pay attention to today’s Swiss CPI data, which is able to have impact on fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair changed its tendency last week according to our expectations. We think that it is going to develop its moderate growth in the next couple of days.

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

Gold and silver Technical Outlook April 6, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open short trades but those positions were closed by stop losses. The price went downwards after stronger than expected US ADP Labor Market data. However, the price gained back its positions after the release of the Federal Open Market Committee Meeting Minutes. Market participants have heard nothing on further monetary policy tightening and we think that XAU/USD is going to continue its growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week, but it is still probable. We think that Gold is going to grow in the next couple of days.

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

SILVER (XAGUSD)

Silver is in flat after XAG/USD has broken through the trend line. There is no tendency at the moment and the price is in a limited range on the eve of the Friday’s US Labor Market data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that XAG/USD is going to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 7, 2017

EURUSD

The currency pair is trading within a tight range on the eve of the US Labor market data, which is to be released today. Average Hourly Earnings is the main data for today. However, we advise to pay attention to other statistics as well as it may have impact on fluctuations in case of strong divergence of results with forecasts. We advise to do nothing before the release of this data and take any actions after the issue of the statistics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week as we have expected. We think that the currency pair is going to develop its moderate downside tendency in the next couple of days.

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

GBPUSD

The currency pair is close to the trend line but did not any attempt to break it through. Further GBP/USD dynamics depends on today’s US Labor Market and Average Hourly Earnings data. This statistics has significant impact on fluctuations. It is better to do nothing before the release of this statistics and wait for its result.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its tendency last week but it was declining in the first half of the week only. WE think that GBP/USD is going to develop its moderate growth in the next couple of days.

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

AUDUSD

The currency pair failed to give 700pips profit for short trades. We think that it is better to fix all positions on the eve of the US Labor Market and Average Hourly Earnings data. It is better to do nothing before this statistics and wait for the results.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline neither growth last week. The currency pair was trading within a tight 1000pips range. We think the currency pair is going to decline in the next couple of days.

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

USDCHF

The currency pair was trading according to our expectations within a tight range yesterday. The market participants are waiting for the US Labor Market and Average Hourly Earnings data and it is better to do nothing before today’s release. However, you can try to open positions later, when this data will be released.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair has changed its tendency last week according to our expectations. We think that USD/CHF is going to develop its moderate growth in the next couple of days.

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

Gold and Silver Technical Outlook April 7, 2017

GOLD (XAUUSD)

Gold was trading within a tight range yesterday on the eve of the US Labor Market data. Market participants are waiting for the Non-Farm Employment Change and the Average Hourly Earnings today. However, today in the morning XAU/USD had some growth after the news on the US Rocket assault against Syrian airbase. Gold had a 15USd growth. However, we think that market participants are going to pay more attention to the US Labor Market data today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week, but it is still possible. We think that XAU/USD is going to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver was trading within a tight range yesterday on the eve of the US Labor Market and Average Hourly Earnings data. The price went upwards today in the morning on the news from Syria. However, we think that this momentum is limited as market participants are waiting for the US Labor Market data today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that XAG/USD is going to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 10, 2017

EURUSD

The currency pair had a sharp growth after the US Labor market data but then returned to its previous positions and event declined to new lows. Weak US Labor Market data provoked the currency pair’s growth but the market participants thought this data was influenced by bad weather conditions. The main Friday’s data was Average Hourly Earnings, which met the forecasts. We advise to pay attention to the German ZEW Economic Sentiment, which is to be released this week. The price is far from the balance line and we advise to avoid trading today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a moderate decline last week according to our expectations. EUR/USD is likely to develop its downside tendency with some upside corrections in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the Ma55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

The currency pair was declining on Friday after some upside momentum on the US Labor Market data. This downside tendency started in the second half of the last week and we think it is going to develop in the beginning of new week. There are two main data from the Great Britain this week – UK Labor Market (Claimant Count Change) and UK Average Earnings Index. We expect GBP/USD to increase its volatility on Tuesday and Wednesday during the European Session. The price is far from the Balance line and we advise to “Sit on the Hands” today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was declining last week. We think that GBP/USD is going to develop its downside tendency in the next couple of days.

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

AUDUSD

The currency pair continued its decline on Friday as the negative news background continues to press on AUD/USD. We think that this negative dynamics is going to develop during the week. There are many important events in the next five days in Australia and the currency pair is able to have high volatility every morning. Home Loans data today disappointed market participants and the currency pair moves downwards. The price is far from the balance line and we advise to avoid trading today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined considerably last week. We think that AUD/USD is going to develop its decline in the next couple of days.

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

USDCHF

The currency pair had some considerable growth after some downside momentum right after the release of the US Labor market data. Market participants reacted on the weaker than expected US Non-Farm Employment Change data first but then it reversed and went upwards as other data was against or even better than forecasts. We think the currency pair is going to grow moderately this week.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth in the end of the last week according to our expectations. We think that USD/CHF is going to develop its upside tendency in the next couple of days.

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

Gold and Silver Technical Outlook April 10, 2017

GOLD (XAUUSD)

Gold was trading moderately even after the release of the US Labor Market data. However, by the end of Friday, XAU/USD declined sharply. We think that the main reason for such a decline were morning US assault on Syrian airbase. Anyway, Friday’s morning growth and evening decline were unpredictable. WE think that Gold is likely to go downwards in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some moderate growth last week. We think that XAU/USD is likely to change its tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver was more active than Gold but there is still no tendency. We think that XAG/USD is going to establish a downtrend in the nearest future. It is better to do nothing and wait for the situation to become clear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think Silver is going to reverse it tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 11, 2017

EURUSD

The currency pair was trading in a small range on Monday as there was no important data to pay attention to. Janet Yellen the Federal Open Market Committee Fed Head underlined in her speech that the Federal Reserve is going to support the US Labor Market and the inflation at near 2% level. She told also that the US economics is “Healthy” enough. FOMC has already hiked rates in 2017 and some experts think the Fed is going to do it two more times before 2018. As for the Eurozone, German ZEW Economic Sentiment data is worth your attention today along with Industrial production. We think that the currency pair is going to develop its downside tendency today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately according to our expectations last week. We think EUR/USD is going to develop its moderate decline with some corrections in the next couple of days.

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

GBPUSD

The currency pair corrected towards the MA55 balance line on the first day of a new week. There was no important data from the United Kingdom yesterday. Today market players are waiting for the UK CPI y/y data, which is able to have considerable impact on fluctuations if it is significantly better or worse than forecasted. We think that GBP/USD is likely to decline today.

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

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

AUDUSD

There was a correction on Monday and the currency pair reached the MA55 balance line. Today’s Australian NAB Business Confidence data was worse than the previous one and we think the currency pair is going to decline in the nearest future. Yesterday’s FOMC Fed Head Yellen’s speech gave some additional support to the US dollar.

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

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

USDCHF

The currency pair had a downside correction on Monday and reached the MA55 balance line finally. This fact allows us to look for long trades as the uptrend is gathering force and there is a probability of further growth.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth in the end of the last week. We think it is likely to develop its upside tendency in the next couple of days.

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

Gold and Silver Technical Outlook April 11, 2017

GOLD (XAUUSD)

Gold was trading in a small range yesterday as there was no events. The situation may change today. XAU/USD is under pressure due to the growing USD and has support from the North Korea situation. The US fleet is going towards the North Korea and there is a high probability of war. We think that Gold is unlikely to decline considerably in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week but it was moderate. We think that XAU/USD is likely to reverse its tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver established new weekly lows. XAG/USD is influenced by USD growth. There is a clear downside tendency and we think it is time to look for short trades from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think that XAG/USD is going to reverse its tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 12, 2017

EURUSD

The currency pair failed to develop its downside tendency frustrating our expectations and went upwards. Then EUR/USD broke through the trend line. Short trades closed by small stop loss. Geopolitical situation press on the American Dollar and has positive impact on other currencies and precious metals. We advise to pay attention to today’s US export and import prices as they may influence fluctuations. We think that the currency pair is going to develop its upside tendency in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. EUR/USD is likely to develop its moderate decline with some upside corrections.

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

GBPUSD

The currency pair had some growth yesterday as USD was under pressure. UK CPI data was also better than forecasted and helped GBP to move higher. The currency pair broke through the trend line during the American session and it is likely to change its direction. However, market participants are going to pay attention to today’s UK Labor Market data. This statistics is likely to influence fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some decline last week frustrating our expectations. We think that the currency pair is going to develop its downside tendency in the next couple of days.

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

AUDUSD

The currency pair offered opportunities to open short trades according to our recommendations and 150pips stop loss held all upside bursts. The price was in the profit area for 300pips and it was enough to fix positions partially or to protect them. Later, the price moved higher and closed all trades at breakeven level. The currency pair is likely to change its direction as the other currencies did already.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined considerably last week and we think it is going to develop its downside tendency in the next couple of days.

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

USDCHF

The currency pair offered an opportunity to open long trades according to our recommendations, but those positions lead to small losses. There is no trend currently and we think USD/CHF is going to change its direction. It is better to avoid trading today as there is no tendency at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair ended last week with some moderate growth according to our expectations. We think that USD/CHF is going to develop its moderate growth in the next couple of days.

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

Gold and Silver Technical Outlook April 12, 2017

GOLD (XAUUSD)

Gold is growing, as the Geopolitical situation is unstable. The United States are able to start a military campaign against the North Korea and XAU/USD is reacting to this information in its turn. After the assault on Syrian airbase, market participants are afraid of this scenario to take place again. USD is going downwards in its turn and XAU/USD has got some additional momentum. There is the uptrend currently and we advise to look for long trades from the trend line.

The price is close to the upper side of the MA-channel currently.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that Gold is able to reverse its tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver had some sharp growth yesterday following Gold. Geopolitical factors are stronger than technical aspects at the moment. There was an opportunity to sell from the balance line, but those trades were closed with small losses. There is no tendency currently and we think Silver is going to reverse its trend. The price is close to the upper side of the MA-channel.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver had some moderate growth last week according to our expectations. We think it is going to reverse its tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 13, 2017

EURUSD

The currency pair was trading in a range yesterday but had a sharp growth during the American session. Donald trump said that USD’s high price does not allow the currency to be competitive. The currency pair’s growth was due to a decline of USD. Currencies skip statistics at the moment and are fluctuating according to news background. There was an opportunity to open trades according to our recommendations and earn about 250 pips. There is the uptrend currency and it is better to look for long trades only.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately last week according to our expectations. WE think that EUR/USD is likely to develop its downside tendency with some upside corrections.

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

GBPUSD

The price failed to reach the broken through trend line and there was no opportunity to open long trades from there. UK Labor Market data was mixed and had almost no impact on fluctuations. Market participants are going to pay attention to today’s US data. There are two main releases to follow – PPI and UoM Prelim Consumer Sentiment.

There is the downtrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was declining last week frustrating our expectations. We think GBP/USD is going to develop its downside tendency in the next couple of days.

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

AUDUSD

The currency pair reversed its tendency upwards according to our expectations and increased its speed after the Australian Labor Market data, which was better than expected. Trend starts to look upwards and we advise to look for long trades.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from 0,7505. Place stop loss at 0,7490.

USDCHF

The currency pair established a downside tendency and broke through the trend line. There are almost no doubts that a new tendency is strong. We think it is time to look for short trades from the MA13 or from the broken through trend line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some moderate growth last week according to our expectations. We think that USD/CHF is going to develop its moderate upside tendency in the next couple of days.

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

Gold and Silver Technical Outlook April 13, 2017

GOLD (XAUUSD)

Gold was trading in a tight range yesterday but had a sharp growth During the American session after Donald Trump’s speech. The American president noticed that USD is too strong at the moment and this fact does not allow the US currency to be competitive. Those words gave additional support to XAU/USD. Gold was growing previously on news from North Korea. The price is close to the upper side of the MA-channel. It is better to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was moderate growth last week according to our expectations. We think that XAU/USD is going to reverse its tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver had a correction yesterday to its previous growth and develop its upside tendency during the American session after the US President Donald Trump’s speech. There is a change in tendency but it is still too early to open trades as the price is close to the upper side of the MA-channel.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think XAG/US is going to reverse its tendency in the next couple of days.

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

Edited April 13, 2017 by Adamant Finance

[Adamant Finance]

Technical Outlook April 14, 2017

EURUSD

There was fixation of long positions yesterday on the eve of Good Friday. European Banks are on holiday today and the volatility is low. Long trades according to our recommendations failed to bring profit and closed by stop losses. Market participants are likely to pay attention to the US CPI and Retail Sales data. Those statistics are going to meet previous figures according to forecasts. However, it is better to stay on guards and be careful during the American Session. We advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some moderate decline last week according to our expectations. We think the currency pair is able to develop its moderate decline with some upside corrections in the next couple of days.

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

GBPUSD

The currency pair reached the MA55 balance line in the end of Thursday and there was no sense to open trades. This correction may lead to a sharp upside burst. However, European Banks are closed today and the volatility is low. We advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined yesterday frustrating our expectations. We think that GBP/USD is going to develop its moderate decline in the next couple of days.

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

AUDUSD

There was no opportunity to open trades according to our recommendations as the price failed to reach the necessary level. There is a holiday in Australia today and we expect AUD/USD to be trading with low dynamics. We advise to do nothing today.

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

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

USDCHF

The currency pair offered an opportunity to sell from the MA13 and from the broken through trend line. However, those trades were unsuccessful and closed by stop losses. European Banks are closed today due to Good Friday but the volatility may rise during the American Session because of large number of important statistics. However, we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth last week according to our expectations. We think it is going to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 17, 2017

EURUSD

The currency pair was trading in a tight range on Friday on the eve of Easter as the market participants’ activity was low. Today holiday in Europe goes on and the activity may also be low during the European Session. However, American banks are working and there may be volume increase during the American session. There is few important statistics this week and the next five days promise to be quiet. It is better to do nothing today as the volatility is low at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction because of the US data which is able to postpone the next Interest Rates hike in the United States. The currency pair is likely to continue its moderate growth in the next couple of days.

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

GBPUSD

The currency pair was trading in a tight range on Friday on the eve of Easter. Today Europe is on holiday again and we think this weak dynamics is likely to continue. We think that GBP/USD is going to develop its moderate growth during this week. It is better to do nothing today due to weak dynamics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all is lost positions last week. We think that GBP/USD is likely to develop its moderate growth in the next couple of days.

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

AUDUSD

The currency pair was trading with low volatility on Friday on the eve of Easter. There is another holiday in Australia today and we think that the volatility is going to be low. It is better to do nothing today.

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

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

USDCHF

The currency pair moved downwards and Friday during the American session as we had previously expected. This downside momentum had 200pips length and it was the highest move for all day. Market participants are on holiday today and the situation promises to be alike. It is better to do nothing today.

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

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

Gold and Silver Technical Outlook April 17, 2017

GOLD (XAUUSD)

Gold is likely to be trading in a tight range due to the Easter holidays in Europe. Precious metals market was closed on Friday on the eve of Christian holiday. We think that the price is going to start its move towards the MA55 balance line. XAU/USD has some potential for further growth as there are news that the United States sent some more carriers closer to North Korea. If those facts will be proved, Gold is likely to develop its growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week. XAU/USD was developing its growth. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)

Silver is likely to go back towards the MA55 balance line today as the fluctuations promises to be weak due to the Easter holiday in Europe. Traders can try long trades tomorrow if nothing changes. It is better to do nothing today as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. There was no tendency reverse last week and XAG/USD developed its growth. We think that Silver is likely to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 18, 2017

EURUSD

The currency pair had some growth yesterday because of weaker than expected US inflation data, released on Friday. The Interest Rates hike odds decreased to 43% from 56% in June. The market participants are not so sure in hawkish moods within The Federal Open Market Committee. The most important data today is Building Permits. There is no important statistics from Eurozone today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction due to the US CPI and Retail Sales data, which was worse than expected last week. This statistics is able to postpone the next Interest Rates hike by the Fed. We think that the currency pair is likely to develop its moderate growth in the next couple of days.

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

GBPUSD

The currency pair was trading with some growth yesterday because the Interest Rates hike odds decreased. We think that GBP/USD is likely to develop its growth today and we advise to look for long trades only. There is no important data today except US Building Permits. The forecasts are positive.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all positions, lost last week. We think that GBP/USD is likely to develop its moderate growth.

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

AUDUSD

The currency pair declined today during the Asian session after the release of the latest Reserve Bank of Australia Meeting Minutes. However, USD is under pressure because of Friday’s weaker than expected inflation data. The price declined to the broken through trendline, offering some good opportunities to buy with close stop loss.

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

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

USDCHF

The currency pair was trading within a tight range with a slight downside bias. The price broke through the trend line and there was even some opportunities to open trades. We advise to wait until the price reaches the trend line and then to sell from this line.

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

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

Gold and Silver Technical Outlook April 18, 2017

GOLD (XAUUSD)

Gold was trading with a downside bias but we think that it is able to establish an upside tendency. There are several reasons for growth as we are on the eve of French presidential campaign. There is another reason for XAU/USD to resume its growth – two more US carriers are on their way towards North Korea. United States officials announced their neutral position, but three carriers close to North Korean shore hint on the probability of a confrontation. This allows Gold to develop its upside tendency. We think that XAU/USD is likely to develop its decline today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week frustrating our expectations. We think that XAU/USD is likely to develop its growth in the next couple of days.

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

SILVER (XAGUSD)

Silver declines and established new lows already. XAG/USD broke through the MA 55 balance line. Silver is likely to develop its decline in the nearest future. We advise to do nothing as it is better to avoid trading contrary to the current tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week frustrating our expectations. We think XAG/USD is likely to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 19, 2017

EURUSD

The currency pair had a considerable growth yesterday without a correction towards the Ma55 balance line. There was no opportunity to open long trades according to our recommendations. Yesterday’s US data was mixed and offered no support to USD.

Today market participants are going to pay significant attention to Eurozone Final CPI data. The price is close to the upper side of the Ma-channel and we advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction last week due to the mixed US data which is likely to postpone the next Federal Open Market Committee’s decision to hike Interest Rates. We think that the currency pair is able to develop its moderate growth in the next couple of days.

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

GBPUSD

The currency pair moved to the MA55 balance line and to the trend line. There was an opportunity to open long trades according to our recommendations and this position closed by stop loss. The price went upwards then. This sharp growth was provoked by the news that Theresa May is going to conduct parliamentary elections ahead of time. This event is scheduled for June 8th. She aims to gather as more of her Party member as possible. The price is above the upper side of the MA-channel and we advise to avoid doing anything today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all her positions last week. We think that GBP/USD is likely to develop its moderate growth in the next couple of days.

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

AUDUSD

The currency pair continued its downside dynamics. There was an opportunity to open long trades but small stop losses triggered. AUD/USD changed its tendency and it is time to look for short trades according to technical analysis. However, it is better to do nothing today as other currencies are growing against USD.

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

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

USDCHF

The currency pair failed to grow towards the broken through trend line as it had done it previously. However, it was close to the MA55 balance line offering opportunities to open short trades according to our recommendations. The price was in a profit area for 870 pips. The price is far from the MA55 balance line today and we advise to do nothing.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair had a moderate decline last week frustrating our expectations. We think that USD/CHF is likely to develop its moderate decline in the next couple of days.

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

Gold and Silver Technical Outlook April 19, 2017

GOLD (XAUUSD)

Gold was trading in both directions yesterday and the precious metal “feels good” on current levels. The United States are going to send two more carriers to North Korea next week and Gold has some time to consolidate before its future growth. We think that the volatility is going to grow considerably next week because of the geopolitical situation and French presidential campaign.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week as Gold developed its upside trend. We think that XAU/USD is likely to continue its moderate growth in the next couple of days.

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

SILVER (XAGUSD)

Silver is declining and we can see a clear downside tendency. We think it is time to look for short trades today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 20, 2017

EURUSD

The currency pair corrected towards the MA55 balance line yesterday after some considerable growth. We think that the correction is likely to develop today. Yesterday’s Eurozone CPI data met expectations and the inflation is still below 2% level although it is close to European Central Bank target. Today market participants are going to pay attention to Philly Fed Manufacturing index, which is expected to decline as compared to its previous meaning. We think that the currency pair is going to bounce off 1,07300 towards the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its correction growth because of the mixed US data last week. This fact is able to postpone the next Federal Open Market Committee Interest Rates hike decision. The currency pair is likely to develop its moderate growth in the next couple of days.

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

GBPUSD

The currency pair had a correction yesterday but it is able to develop its decline towards the MA55 balance line. We think it is time to look for long trades from the MA55 balance line. Market participants are going to pay attention to the US data and the Head of the Bank of England’s speech. The price is likely to bounce off 1,28300 and move towards the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all its previously lost positions. We think GBP/USD is likely to develop its moderate growth in the next couple of days.

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

AUDUSD

The currency pair continued its downside tendency yesterday despite the fact that other currencies were growing against the US dollar. As we had previously mentioned, there was some opportunities to open short trades but risks were high and we gave no recommendations. However, the tendency becomes stronger and it is still time to look for short trades. Remember about risks, that are still too high.

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

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

USDCHF

The currency pair had a correction towards the Ma55 balance line and it almost reached the indicator yesterday. We think it is time to look for short trades from the balance line, if the price goes back there. It was a good opportunity today during the Asian session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our expectations. We think that is it going to develop its moderate decline in the next couple of days.

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

Gold and Silver Technical Outlook April 20, 2017

GOLD (XAUUSD)

Gold was trading with some decline yesterday according to our expectations. As we had previously mentioned, XAU/USD has some space for consolidation on the eve of its eventual growth next week. Gold has changed its tendency and it is time to look for short trades with close targets.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no change in tendency last week frustrating our expectations. We think that XAU/USD is likely to develop its growth in the next couple of days.

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

SILVER (XAGUSD)

Silver failed to reach the MA55 balance line and offered no opportunities to open short trades. W think it is time to look for short trades from the upper trend line as XAG/USD is likely to break through the lower trend line. The precious metals are likely to decline in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no change in tendency last week frustrating our expectations as Silver was developing its moderate growth. We think that XAG/USD is likely to continue its growth in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA5 balance line. We advie to open short trades from the upper trend line. Place stop losses above this line.

[Adamant Finance]

Technical Outlook April 21, 2017

EURUSD

The currency pair failed to bounce off 1,07300 level as we had previously expected. There was no opportunity to open long trades from the MA55 balance line. US Philly Fed Manufacturing Index was worse than expected, but USD started its upside correction. There is a bearish pattern at the moment and the tendency starts to reverse. We think it is time to look for short trades from 1,07300 today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction last week as the US data was mixed. This statistics is able to influence The Federal Open Market Committee next Interest Rates hike decision. The currency pair is likely to develop its moderate growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short trades from 1,07300. Place stop losses above this level. Remember that this short position is risky!

GBPUSD

The currency pair approached the MA55 balance line in the beginning of the American session allowing opening long trades according to our recommendations. The price went upwards then for more than 500pips that was enough to take profit or to fix positions partially. We can see the tendency reverse today. AS for the statistics, market participants are likely to pay attention to the UK Retail Sales data, which is able to influence volatility today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all its lost positions last week. We think that GBP/USD is likely to develop its moderate growth in the next couple of days.

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

AUDUSD

The currency pair approached the MA55 balance line offering some opportunities to open positions according to our recommendations. The price declined for 180pips that was enough to protect trades. Unfortunately, there was no further decline yesterday. We think it is time to look for short trades from 0,75300-75550 levels.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the Ma55 balance line. We advise to open short trades from 0,75300-75550 levels. Place stop losses above those levels.

USDCHF

The currency pair went back to the MA55 balance line but it happened by the end of the American session and it was too late to do anything. It was not a good idea to execute short trades after a decline during the day. We can see a tendency to change at the moment and it is better to do nothing.

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

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

Gold and silver Technical Outlook April 21, 2017

GOLD (XAUUSD)

Gold was trading in a small range offering an opportunity to sell according to our recommendations. Those who have opened trades, had a chance to earn about 6USD. It was also enough to fix profit as we had previously mentioned that targets should be close. You can try to repeat yesterday’s scenario with short trades and close targets.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week, as Gold developed its upside tendency. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

SILVER (XAGUSD)

Silver offered opportunities to open trades according to our recommendations from the upper trend line. Those who have sold XAG/USD had a chance to earn about 30pips it was enough to fix positions. It is better to “sit on your hands” today as the price is far from the balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week as XAG/USD resumed its uptrend. We think that Silver is likely to develop its upside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 24, 2017

EURUSD

The currency pair offered an opportunity to open short trades according to our recommendations from 1,07300 on Friday. The price was in a profit area for 450pips and you had a chance to earn some money. The currency pair opened new week with a huge upside gap after yesterday’s French Presidential elections. There only two candidates to fight in the second tour of the elections – Marine Le Pen and Emmanuel Macron. There is a minimum gap between them. There is not much important data this week and we think that the currency pair’s dynamics is going to be weak.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week and even increased its speed. We think that EUR/USD is likely to decline moderately after Monday’s considerable gap.

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

GBPUSD

The currency pair was trading in both directions on Friday and there was no clear tendency in its fluctuations. We think that GBP/USD is going to decline moderately in the next five days. There is important data on Friday (Prelim UK GDP q/q and Advance US GDP q/q). We think that market participants are going to pay more attention to USD.

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

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

AUDUSD

The currency pair offered an opportunity to sell from 0,75300-75550 according to our recommendations. The price was in a profit area for 200-250pips and there was an opportunity to protect trades. There was no further decline on Friday as the currency pair was trading in a tight range. We think that AUD/USD is going to be trading in both directions in the next couple of days.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading in both directions last week. We think that AUD/USD is likely to develop a moderate downside tendency in the next couple of days.

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

USDCHF

The currency pair is still trading in neutral position and it is better to do nothing. USD/CHF started this new week with a gap, but is it already closed and the currency pair is likely to develop its mixed dynamics in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a decline last week according to our expectations. We think USD/CHF is likely to develop is upside correction in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line We advise to avoid trading today as the situation is unclear.

Gold and Silver Technical Outlook April 24, 2017

GOLD (XAUUSD)

There was an opportunity to sell XAU/USD on Friday according to our recommendations from the MA55 balance line. However, this trade was closed by small stop loss. The price went above the MA55 balance line towards the trend line and bounced off it successfully. Today’s gap is due to the French elections as two candidates Macron and Le Pen are going to continue their fight in the second tour. There is another chance to sell Gold according to technical analysis.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The trend line was an obstacle for the further growth last week. We think that Gold is likely to develop its downside tendency in the next couple of days. However, pay attention to the geopolitical factors.

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

SILVER (XAGUSD)

Silver is still far from the MA55 balance line. We expect XAG/USD to start an upside correction in the nearest future and it is too risky to open trades at the moment. We advise to wait for this correction and then to look for short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price failed to break through resistance level last week. We think that XAG/USD is going to develop its downside tendency in the next couple of days.

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

[Adamant Finance]

Technical Outlook April 25, 2017

EURUSD

The currency pair was trading in a tight range yesterday after a significant morning gap. The currency pair is likely to quit this range during the American session after the US CB Consumer Confidence data release. This statistics is expected to decline a little, but it is still close to its historical highs. We think that USD is likely to grow a little.

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

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

GBPUSD

The currency pair was trading in a limited range on Monday and is likely to decline today. There is a pattern on chart indicating that this decline is likely to take place even before the release of the US data. If the price goes below 1,2770, there will be some opportunities to open long trades.

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

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

AUDUSD

The currency pair bounced off the trend line yesterday and we think it is going to decline in the next couple of hours. This eventual decline may be provoked by today’s US CB Consumer Confidence data, which is to be released during the American session. However, we give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading in both directions last week. We think it is going to decline in the next couple of days.

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

USDCHF

The currency pair was trading with no clear tendency and was fluctuating within a tight range according to our expectations. USD/CHF has closed the gap yesterday. It is better to do nothing at the moment. We think that the currency pair is likely to grow towards the trend line on the hourly chart today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was declining last week according to our expectations. We think it is going to develop the upside correction in the next couple of days.

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

Gold and Silver Technical Outlook April 25, 2017

GOLD (XAUUSD)

Gold offered an opportunity to open short trades from the MA55 balance line during the Asian session. IF you had a chance to open trades, it is time to protect them. However, it was better to do nothing as no more drivers were expected. The price established new lows before it reached the MA55 balance line. We think that Gold is likely to develop its downside correction in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The trend line prevented Gold from further growth. We think that XAU/USD is likely to develop is downside tendency, but Gold’s dynamics will depend on geopolitical situation.

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

SILVER (XAGUSD)

Silver breaks through the trend line and is going above the MA55 balance line. However, this situation is alike a pause on the eve of further decline. There is the downtrend still, but the fact that the trend line was broken through and the price is above the MA55 balance line hints on the probability of a tendency reverse.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We think that XAG/USD is likely to develop its decline in the next couple of days.

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