Adamant Finance - Daily Analysis

[Adamant Finance]

Technical Outlook August 2, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/02_08_2016_eur.jpg

 

 

 

EUR/USD traded in a tight range yesterday approaching to the MA55 balance line. US PMI data was worse than expected. As for EU statistics, it was better than forecasted. We expect EUR/USD to grow during the day.

 

Neutral trend is in progress on the Weekly chart as the price is fluctuating around the MA55. EUR/USD closed last week with a huge growth and we expect this positive dynamics to continue.

 

AS for the Hourly chart, there is the uptrend here as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 area.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/02_08_2016_gbp.jpg

 

 

 

GBP/USD broke through the trendline. Our long trades recommendations were cancelled. If you opened any long positions, it is better to close them now. Upside potential is too weak as UK data was worse than expected. Today we advise to pay attention to the UK construction sector data. This stats may limit the upside tendency.

 

The downtrend is still actual for the Weekly chart as the price is below the MA55. However, GBP/USD may do some growth attempts after weak US Labor market data, published on Friday.

 

AS for the Hourly chart, there is the uptrend here as the MA-channel looks upwards and the price is close to the MA55. It is better to avoid trading at the moment.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/02_08_2016_aud.jpg

 

 

 

AUD/USD went down to the balance line on the eve of the Reserve Bank of Australia meetings. According to the forecasts, RBA may cut rates. AUD/USD may have a considerable decline if it happens. Otherwise, the currency pair may resume the uptrend.

 

The upside tendency is still in progress on the Weekly chart as the price is above the MA55. AUD/USD crossed the trendline and close last week above it. We expect it to grow this week.

 

The Hourly chart shows the uptrend as the MA-chanel looks upwards although the price is below the MA55. You may try to open long trades from the MA55 area if RBA leaves rates unchanged.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/02_08_2016_chf.jpg

 

 

 

USD/CHF was in tight range yesterday and restored partially. Today we advise to pay attention to Swiss PMI and Retail Sales data. You may try open short trades from the MA55.

 

The downtrend is in progress on the Weekly chart as the price is below the MA55. USD was under the pressure in the end of the last week and the downtrend may continue.

 

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

 

 

 

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

 

 

 

 

Gold/Silver Technical Outlook August 2, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/02_08_2016_gold.jpg

 

 

 

Gold restored to the MA55 balance line offering some opportunities to open long trades. US data was disappointing again and this fact increases chances that metals will grow in the nearest future. Today US data is also important and my influence XAU/USD fluctuations. We also expect some growth during European session.

 

The uptrend on the Weekly chart is still in progress as the price is above the MA55. Some factors exert pressure on USD. We expect further growth of metals this week.

 

As for the Hourly chart, there is the uptrend here as well as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/02_08_2016_silver.jpg

 

 

 

Silver prepares for another upside momentum. We see no factors to stop this rally. The MA55 is in the right place for long trades on the Hourly chart. You may try to open long trades at the moment.

 

The uptrend on the Weekly chart is still in progress as the price is above the MA55. Some factors exert pressure on USD and we expect metals growth to continue.

 

AS for the Hourly chart, there is the uptrend here as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55 area.

 

 

 

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

Edited August 2, 2016 by Adamant Finance

[Adamant Finance]

Technical Outlook July 22, 2016

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/22_07_2016_eur.jpg

 

 

There were sharp fluctuations in EUR/USD during yesterday’s ECB meetings and Mario Draghi press-conference. European Central Bank Committee decided to leave current monetary policy unchanged as we expected. However, ECB members plan to increase stimulation volume on September. You could open short trades from 1,1040 according to our recommendations. You had some opportunities to protect your positions as well. Today we advise to pay attention to Eurozone and US PMIs.

 

There is the downtrend on the Weekly chart as the price is below the MA55. EUR/USD prepares to make another downside momentum. We expect this to happen this week.

 

As for the Hourly chart, we have no trend here as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading EUR/USD at the moment.

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/22_07_2016_gbp.jpg

 

 

GBP/USD fluctuated in different directions and went down during European session due to weak Retail Sales data in the United Kingdom. You had an opportunity to open short trades from the trendline on the Hourly chart. GBP/USD made a 700 points’ downside momentum. We can state some changes in trend on the Hourly chart. There is a breakthrough of the descending trendline. Today we advise to pay attention to UK and US PMIs.

 

There is the downtrend on the Weekly chart as the price is below the MA55. We think, that the upside correction is done already.

 

As for the Hourly chart, we can state the uptrend here as the MA-channel goes upwards and the price is above the MA55. You may try long positions. However, it is better to wait until the breakthrough is confirmed.

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/22_07_2016_aud.jpg

 

 

AUD/USD made no attempts to cross the trendline on the Hourly chart yesterday. You could open short trades from the MA55 with stops at 250 points from the price. Those trades give some results today in the morning. It is time to protect your positions. Today we expect the attempts to break through the trendline.

 

There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD declined in the final minutes of Friday and closed last week below the trendline. The Currency pair may resume the downtrend.

 

AS for the Hourly chart, we may see here the downtrend as the MA-channel looks downwards and the price is below the MA55. We advise to hold short trades from the MA55 aiming 0,7435 and 0,7405.

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/22_07_2016_chf.jpg

 

 

USD/CHF rebounded from the trendline on the Hourly chart. If you entered long trades, you could take about 400 points as profit. You could also protect your positions before the ECB meeting results. Today we expect a breakthrough of the trendline on the Hourly chart. However, there is still no confirmation.

 

We can see the uptrend on the Weekly chart as the price is above the MA55. This upside tendency is still weak and requires confirmation.

 

As for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price isclose to the MA55. It is better to do nothing today.

 

 

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

 

 

 

 

Gold/Silver Technical Outlook July 22, 2016

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/07_2016/22_07_2016_gold.jpg

 

 

Gold failed to decline towards expected levels and all short trades closed at breakeven. However, we had an opportunity to take some profit. Investors fix short trades after ECB declared its readiness to act on September. Those events influenced price growth. The situation is still unclear and we advise to avoid trading today.

 

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

 

We may state no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We advise to stay off the market today.

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/07_2016/22_07_2016_silver.jpg

 

 

Current situation with XAG/USD is the same. This pair returned all lost positions. We expect the price to resume growth at the moment. However, the situation is still unclear.

 

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD growth to 25,00 is still postponed.

 

AS for the Hourly chart, there is the downtrend here as the MA-channel goes downwards although the price is above the MA55. We advise to avoid trading today.

 

 

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

[Adamant Finance]

Technical Outlook July 25, 2016

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/25_07_2016_eur.jpg

 

 

 

EUR/USD reached month lows on another set of strong US data. The probability of interest rates growth becomes higher with every new positive economic statistics. Eurozone PMIs showed minimum impact from Brexit to Eurozone economics. However, we did not seen any growth in EUR/USD. Presently, investors pay attention to forthcoming FOMC meetings which takes place this week. The results of this event will influence EUR/USD fluctuations.

 

There is the downtrend on the Weekly chart as the price is below the MA55. EUR/USD may continue to decline this week if FOMC forecasts interest rates growth this year.

 

There is the downtrend on the Hourly chart as well as the MA-channel goes downwards and the price is below the MA55. It better to avoid trading EUR/USD at the moment as the price is far from the MA55.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/25_07_2016_gbp.jpg

 

 

 

GBP/USD did not confirm the breakthrough of the trendline in a sharp manner. There are two main reasons for this: first, those attempts were made during Asian session; second, there was no correction to the broken trendline. GBP/USD broke through this trendline again in the opposite direction. UK PMI data, published on Friday, was negative.

 

There is the downtrend on the Weekly chart as the price is below the MA55. We expect the downside tendency to resume this week.

 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. Today GBP/USD may trade within a range.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/25_07_2016_aud.jpg

 

 

 

AUD/USD slides down and breaks through the trendline. The price is below the trendline at the moment and is close to the MA55. This is a good opportunity to open short trades with low risks.

 

There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD declined and we expect that this downside tendency may continue this week.

 

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is close to the MA55. We advise to hold short trades from the MA55. Targets are at 0.7435 and 0.7405. Those who failed to open short trades from the MA55, may try to do it at the moment, placing stop at 0,7490.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/25_07_2016_chf.jpg

 

 

 

USD/CHF broke through the trendline, although it was not legible as the Currency pair is in flat at the moment. We advise to change the position of the trendline according to new market conditions. We advise to skip such breakthrough as there is no clear trend on the chart.

 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect this tendency to continue this week.

 

As for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today.

 

 

 

Official website: www.adamantfinance.com

 

 

 

 

Gold/Silver Technical Outlook July 25, 2016

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/07_2016/25_07_2016_gold.jpg

 

 

 

XAU/USD declined again and is trading within the triangle at the moment. There is a probability to break through the lower side of the triangle. We expect the price to continue trading withing this range during the next couple of days (until Wednesday, when the results of FOMC meetings are published). Investors are bullish as they think interest rates in the USA may be increased this year. At the moment about 50% of market participants expect FOMC to raise rates in December (or before the last month of the year).

 

There is the uptrend on the Weekly chart as the price is above the MA55. FOMC decision and forecasts may significantly influence quotes fluctuations.

 

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

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/07_2016/25_07_2016_silver.jpg

 

 

 

Silver price is also within a range and may stay here for the next couple of days before the FOMC meetings. Further fluctuations depend on results of this event.

 

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD may decline this week.

 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to avoid trading today as we expect no trend during the next 24 hours.

 

 

 

Official website: www.adamantfinance.com

[Adamant Finance]

Technical Outlook July 26, 2016

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/26_07_2016_eur.jpg

 

 

 

EUR/USD “is waiting” for the results of the FOMC meetings which are to be published tomorrow. The price is in a correction. We think that there is probability of range trading before the event. Yesterday’s positive Ifo data helped EUR/USD to gain some positions. US data that is to be published today, will probably have almost no influence on fluctuations.

 

There is the downtrend on the Weekly chart as the price is below the MA55. EUR/USD may continue to slide down this week if FOMC members forecast a probability of rates growth within this year.

 

As for the Hourly chart, there is the downtrend here as well as the MA-channel goes downwards and the price is below the MA55. EUR/USD is close to the MA55 which is favorable for short trades. However, the upcoming events may limit fluctuations this week.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/26_07_2016_gbp.jpg

 

 

 

GBP/USD was in a tight range on Monday awaiting for the results of the FOMC meetings. Today we expect this dynamics to continue. There is a triangle on the chart. We think that GBP/USD’s fluctuations are to develop within the sides of this pattern.

 

There is the downtrend on the Weekly chart as the price is below the MA55. We expect GBP/USD to continue its downside tendency this week.

 

As for the Hourly chart, there is the downtrend here as well as the MA-channel goes downwards and the price is below the MA55. GBP/USD may continue to trade within the triangle that we have mentioned above.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/26_07_2016_aud.jpg

 

 

 

AUD/USD continues its ascending correction along the trendline. All short positions were unsuccessful as the correction went on. However, those trades were with low risks. Those fluctuations are influenced by the upcoming FOMC meetings.

 

There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD declined and we expect it to go down further this week.

 

As for the Hourly chart, there is the downtrend here as the MA-channel looks downwards and the price is close to the MA55. We advise to avoid trading at the moment.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/26_07_2016_chf.jpg

 

 

 

USD/CHF continues to trade within a tight range. Current tendency seems to be change in the nearest future. However, USD/CHF may decline, if FOMC members decide to postpone rates growth.

 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect the uptrend to continue this week.

 

As for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today.

 

 

 

Official website: www.adamantfinance.com

 

 

 

 

Gold/Silver Technical Outlook July 26, 2016

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/07_2016/26_07_2016_gold.jpg

 

 

 

XAU/USD continues to trade within a range. There is a probability of a downside breakthrough. However, FOMC members may avoid talking about the possibility of rates growth. In this case, Gold is to restore. Situation may develop in any way and it is very difficult to predict the results of tomorrow’s meetings.

 

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD continues to decline and this week’s fluctuations will depend on the FOMC members’ decisions and hints.

 

There is no trend on the Hourly chart aws the MA-channel is horizontal and the price is below the MA55. We advise to avoid trading today as we expect no tendency until FOMC meetings.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/07_2016/26_07_2016_silver.jpg

 

 

 

XAG/USD indicated its range yesterday. We think that the pair will trade within for a couple of days. Further trend will be determined after the FOMC meetings, which is to take place tomorrow. We advise to avoid trading at the moment.

 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USd to decline this week.

 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today as we expect no tendency until the results of the FOMC meetings are published.

 

 

 

Official website: www.adamantfinance.com

[Adamant Finance]

Technical Outlook July 27, 2016

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/27_07_2016_eur.jpg

 

 

 

EUR/USD fluctuated in both directions yesterday and there were almost no changes by the end of the session. The market now is waiting for the main event of the week (FOMC meetings), which results are to be published today. We expect EUR/USD to trade within a limited range until this moment.

 

There is the downtrend on the Weekly as the price is below the MA55. EUR/USD may continue to decline this week if FOMC members make some hints on the Interest rates rise this year.

 

AS for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/27_07_2016_gbp.jpg

 

 

 

GBP/USD continues to trade within a tight range waiting for the results of FOMC members decision. We expected such a dynamics. Today we expect EUR/USD to fluctuate within a triangle on the Hourly chart before the results of the FOMC meetings are published.

 

There is the downtrend on the Weekly chart as the price is below the MA55. WE expect the currency pair to continue downside tendency this week.

 

As for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price is close to the MA55. We expect GBP/USD to fluctuate within a tight range today. However, prepare for a probable rally this after the results of FOMC meetings are published.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/27_07_2016_aud.jpg

 

 

 

There were almost no changes in AUD/USD yesterday as the ascending correction went on. Australian CPI data was published today in the morning. You may see the impact of this statistics on the chart. Figures were close to the forecast. Today we advise to pay attention to FOMC decisions and forecasts.

 

There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD declined and there is a probability that the downtrend may continue this week.

 

As for the Hourly chart, there is the uptrend here as the MA-channel looks upwards and the price is above the MA55. It is better to stay off the market today.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/27_07_2016_chf.jpg

 

 

 

We have drawn another big triangle as USD/CHF is trading within. The currency pair made significant growth yesterday, marking new highs from June, 1st. There was no change in trend yesterday as the market waits for the FOMC meetings today. The situation may develop another way after the end of the event. We recommend staying off the market at the moment.

 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect the ascending tendency to continue this week.

 

As for the Hourly chart, there is the uptrend here as well as the MA-channel looks upwards and the price is above the MA55. It is better to avoid trading today.

 

 

 

Official website: www.adamantfinance.com

 

 

 

 

Gold/Silver Technical Outlook July 27, 2016

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/07_2016/27_07_2016_gold.jpg

 

 

 

XAU/USD continues to trade within a range according to our expectations. Lack of dynamics is due to the fact that the market waits for the results of the FOMC meeting today. We do not give any recommendations as situation may develop in any way.

 

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD decline goes on and everything depends on FOMC members decisions this week.

 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today as we expect no significant fluctuations until the end of the FOMC meetings.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/07_2016/27_07_2016_silver.jpg

 

 

 

Silver continues to trade within a tight range awaiting for the results of the FOMC meetings. We will be able to give any further recommendations after the end of the event. It is better to avoid trading today as sharp fluctuations are probable.

 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to decline this week.

 

As for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today as we expect no significant fluctuations before the end of the FOMC meetings.

 

 

 

Official website: www.adamantfinance.com

[Adamant Finance]

Technical Outlook July 28, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/28_07_2016_eur.jpg

 

 

 

EUR/USD had a considerable and sharp growth after the results of the FOMC meetings were published. FED members noticed that market conditions and US economic outlook improved. Interest rates may grow this year. However investors expected more obvious hints from the FOMC members after a sequence of positive US data. Monetary policy tightening expectations for the next FOMC meetings decreased. There is an opportunity to try long trades.

 

The downtrend is still developing on the Weekly chart as the price is below the MA55. FOMC hints on the probable interest rates rise were vague. We expect “bulls” to take advantage of the situation.

 

The situation changed on the Hourly chart as we can see the uptrend here. The MA-channel goes upwards and the price is above the MA55. We advise to open long trades in case if the price goes back to the MA55.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/28_07_2016_gbp.jpg

 

 

 

The triangle was broken upwards and there are some opportunities to trade long. FOMC members made some unclear hints on the probability of monetary policy tightening this years. In addition, British GDP growth was better than expected. There is a probability of this growth to continue for some time.

 

The downtrend is still in progress on the Weekly chart as the price is below the MA55. WE expect some growth this week because of the results of the FOMC meetings.

 

As for the Hourly chart, there is the uptrend here as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 area or broken through trendline area. Stops may be placed below the MA55.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/28_07_2016_aud.jpg

 

 

 

AUD/USD did significant fluctuations during yesterday. However, it could restore all positions after the FOMC meetings and even had some growth. The currency pair continues its moderate growth this morning. We expect the upside tendency to go on.

 

The uptrend on the Weekly chart is still in progress as the price is above the MA55. The FOMC meetings may have a considerable impact on AUD/USD fluctuations and we expect the rally to continue.

 

The MA-channel looks upwards indicating the uptrend on the Hourly chart. In addition, the price is above the MA55. We recommend opening long trades from the MA55 if AUD/USD returns back to it.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/28_07_2016_chf.jpg

 

 

 

We have noticed yesterday that the situation may considerably change after the FOMC meetings. USD/CHF decreased significantly and tries to break through the trendline today in the morning on the Hourly chart. This happens during Asian session. However, things may change during the day.

 

The uptrend on the Weekly chart is still in progress as the price is above the MA55. USD/CHF may end this week in the negative area because of the results of the FOMC meetings.

 

No trend is seeing on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. It is better to avoid trading before there is no clear direction.

 

 

 

Official website: www.adamantfinance.com

 

 

 

 

Gold/Silver Technical Outlook July 28, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/07_2016/28_07_2016_gold.jpg

 

 

 

XAU/USD had a momentum before the end of the FOMC meetings on a weak US data. There is a probability that a positive trend for US data is done and the pressure over USD may growth in the nearest future. Right after the FOMC meetings Gold resumed its growth due to vague comments of FED members. There are no changes in the current situation as the hints on the probable monetary policy changes were unclear. We recommend opening long trades on Gold.

 

The uptrend is still progressing on the Weekly chart as the price is above the MA55. We expect some growth of XAU/USD after FOMC decisions.

 

This upside tendency is relevant for the Hourly chart as well. The MA-channel goes upwards and the price is above the MA55. You may try long trades. However, the price is close to the upper side of the MA-channel increasing risks of losses.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/07_2016/28_07_2016_silver.jpg

 

 

 

Silver had a considerable growth on weak US data and the results of the FOMC meetings. We advise to open long trades after downside corrections.

 

The uptrend is still progressing on the Weekly chart as the price is above the MA55. We expect some growth after yesterday’s event.

 

The upside tendency is relevant for the Hourly chart as well as the MA-channel goes upwards and the price is above the MA55. You may try long trades. However, the price is close to the upper side of the MA-channel, increasing risks of losses.

 

 

 

Official website: www.adamantfinance.com

[Adamant Finance]

Technical Outlook July 29, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/29_07_2016_eur.jpg

 

 

 

EUR/USD is trading close to the upper side of the MA-channel offering no opportunities to open trades. However, the price may decline to the MA55 balance line today. You may try to “catch” it there. EUR/USD may even breakthrough the MA55 and go below it. In this case there is a probability of upside tendency. Today we recommend paying attention to the Eurozone and US data. The volatility may increase during the day.

 

The downtrend is still progressing on the Weekly chart as the price is below the MA55. FOMC members made unclear hints on the probable monetary policy tightening this year. We expect “bulls” to take advantage of the situation.

 

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 if the price goes back to it.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/29_07_2016_gbp.jpg

 

 

 

GBP/USD went to the MA55 area and the broken through trendline on the Hourly chart yesterday. There were some opportunities to enter long trades. You could buy from 1,31400. The price passed about 700 points after a short correction. Today we advise to pay attention to the US data.

 

The downtrend is still progressing on the Weekly chart as the price is below the MA55. We expect some growth of GBP/USD after the results of the FOMC meetings.

 

The trend has already changed its direction on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may hold your long trades or reenter the market from the MA55.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/29_07_2016_aud.jpg

 

 

 

AUD/USD is trading in a wide range. However, if you tried to trade long, you could have some profit (about 400 points) as the price went up after some night correction. Today we recommend paying attention to the US data.

 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect some price growth after the results of FOMC meetings.

 

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to enter long trades from the MA55 if the price goes back to it.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/07_2016/29_07_2016_chf.jpg

 

 

 

USD/CHF confirmed a breakthrough of the trendline, although there was no opportunity to enter the market. The price is still too far from the balance line. Today the situation is still unclear as the price is close to the lower side of the MA-channel.

 

There is the uptrend on the Weekly chart as the price is above the MA55. USD/CHF may end this week in the negative area after the results of the FOMC meetings.

 

The downtrend is already in progress on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. It is better to avoid trading today.

 

 

 

Official website: www.adamantfinance.com

 

 

 

 

Gold/Silver Technical Outlook July 29, 2016

 

 

GOLD (XAUUSD)

 

http://www.adamantfinance.com/files/editor/Analytics/Metals/07_2016/29_07_2016_gold.jpg

 

 

 

As mentioned yesterday, finding rates at the upper boundary of MA-channel is very risky to make purchases. Today, there are two possible, is a price reduction to МА55 or reduction in the price of gold trend line on the hourly chart. From МА55 to the trend line of about$ 10 and put a stop for intraday trading is unacceptable.

 

On the weekly chart the uptrend, as the price is above МА55. After the fed's decision, you can expect some growth.

 

On the hourly chart the uptrend, as MA-the channel is moving up and price is above МА55. You can consider shopping from the trend line on the hourly chart.

 

 

 

SILVER (XAGUSD)

 

http://www.adamantfinance.com/files/editor/Analytics/Metals/07_2016/29_07_2016_silver.jpg

 

 

 

The silver situation is similar to yesterday, perform the purchase was risky. Today, silver is also two options from МА55 either from the first trend line on the hourly chart. Prefer the trend line.

 

On the weekly chart the uptrend, as the price is above МА55. After the fed's decision, you can expect some growth.

 

On the hourly chart the uptrend, as MA-the channel is moving up and price is above МА55. You can consider buying from the first trend line on the hourly chart.

 

 

 

Official website: www.adamantfinance.com

[Adamant Finance]

Technical Outlook August 1, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/01_08_2016_eur.jpg

 

 

 

EUR/USD continued its growth on Friday without reaching the MA55 balance line. There was almost no opportunity to enter long trades. USD lost its positions after a weak Prelim GDP data (2nd quarter). This data will surely have a significant impact on the future FOMC members decisions. USD is under pressure at the moment. Today we advise to pay attention to Eurozone and US manufacturing PMIs.

 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. We have seen a considerable growth last week and the currency pair may have positive dynamics during next five days.

 

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

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/01_08_2016_gbp.jpg

 

 

 

GBP/USD resumed growth offering an opportunity to open long trades from the MA55 for those who did not do it previously. US data had a considerable impact on GBP/USD on Friday which resulted in a 1300 points rally from the MA55. Today we advise to pay attention to UK and US manufacturing PMI data.

 

There is the downtrend on the Weekly chart as the price is below the MA55. We expect some attempts to grow after negative US Prelim GDP data, published on Friday.

 

The uptrend is established on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/01_08_2016_aud.jpg

 

 

 

AUD/USD traded in both direction in the first half of last Friday. However, it rallied during American session because of the negative US Prelim GDP Q/Q data. There was an opportunity to enter long trades from the MA55. The potential of those trades was about 1000 points. In addition, today’s strong Australian data offers some more opportunities for AUD/USD to resume growth.

 

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair crossed the trendline and closed last week above it. AUD/USD may resume its growth this week.

 

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

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/01_08_2016_chf.jpg

 

 

 

USD/CHF is in downtrend at the moment and the tendency is progressing. There is no opportunity to open trades as the price is close to the lower side of the MA-channel. Today USD/CHF may restore and gain back some positions.

 

The downtrend is in progress on the Weekly chart as the price is below the MA55. USD is under pressure and USD/CHF may continue to decline during the current week.

 

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

 

 

 

Official website: www.adamantfinance.com

 

 

 

 

Gold/Silver Technical Outlook August 1 , 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/01_08_2016_gold.jpg

 

 

 

We gave a recommendation to buy from the trendline on Friday. However, the price went back from the MA55. There was no opportunity to enter a trade. Weak US Prelim GDP data may influence further XAU/USD growth as the probability of interest rates growth this year decreased.

 

There is the uptrend on the Weekly chart as the price is above the MA55. USD is under pressure right now and gold may continue to grow this week.

 

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

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/01_08_2016_silver.jpg

 

 

 

Silver is in the same situation. We gave recommendations to open long trades from the trendline. The price did not reach that area. XAG/USD established new highs today in the morning. The growth may resume and we advise to open long trade only.

 

There is the uptrend on the Weekly chart as the price is above the MA55. USD is under the pressure now and we consider further growth of XAG/USD.

 

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55 area.

 

 

 

Official website: www.adamantfinance.com

[Adamant Finance]

Technical Outlook August 2, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/02_08_2016_eur.jpg

 

 

 

EUR/USD traded in a tight range yesterday approaching to the MA55 balance line. US PMI data was worse than expected. As for EU statistics, it was better than forecasted. We expect EUR/USD to grow during the day.

 

Neutral trend is in progress on the Weekly chart as the price is fluctuating around the MA55. EUR/USD closed last week with a huge growth and we expect this positive dynamics to continue.

 

AS for the Hourly chart, there is the uptrend here as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 area.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/02_08_2016_gbp.jpg

 

 

 

GBP/USD broke through the trendline. Our long trades recommendations were cancelled. If you opened any long positions, it is better to close them now. Upside potential is too weak as UK data was worse than expected. Today we advise to pay attention to the UK construction sector data. This stats may limit the upside tendency.

 

The downtrend is still actual for the Weekly chart as the price is below the MA55. However, GBP/USD may do some growth attempts after weak US Labor market data, published on Friday.

 

AS for the Hourly chart, there is the uptrend here as the MA-channel looks upwards and the price is close to the MA55. It is better to avoid trading at the moment.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/02_08_2016_aud.jpg

 

 

 

AUD/USD went down to the balance line on the eve of the Reserve Bank of Australia meetings. According to the forecasts, RBA may cut rates. AUD/USD may have a considerable decline if it happens. Otherwise, the currency pair may resume the uptrend.

 

The upside tendency is still in progress on the Weekly chart as the price is above the MA55. AUD/USD crossed the trendline and close last week above it. We expect it to grow this week.

 

The Hourly chart shows the uptrend as the MA-chanel looks upwards although the price is below the MA55. You may try to open long trades from the MA55 area if RBA leaves rates unchanged.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/02_08_2016_chf.jpg

 

 

 

USD/CHF was in tight range yesterday and restored partially. Today we advise to pay attention to Swiss PMI and Retail Sales data. You may try open short trades from the MA55.

 

The downtrend is in progress on the Weekly chart as the price is below the MA55. USD was under the pressure in the end of the last week and the downtrend may continue.

 

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

 

 

 

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

 

 

 

 

Gold/Silver Technical Outlook August 2, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/02_08_2016_gold.jpg

 

 

 

Gold restored to the MA55 balance line offering some opportunities to open long trades. US data was disappointing again and this fact increases chances that metals will grow in the nearest future. Today US data is also important and my influence XAU/USD fluctuations. We also expect some growth during European session.

 

The uptrend on the Weekly chart is still in progress as the price is above the MA55. Some factors exert pressure on USD. We expect further growth of metals this week.

 

As for the Hourly chart, there is the uptrend here as well as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/02_08_2016_silver.jpg

 

 

 

Silver prepares for another upside momentum. We see no factors to stop this rally. The MA55 is in the right place for long trades on the Hourly chart. You may try to open long trades at the moment.

 

The uptrend on the Weekly chart is still in progress as the price is above the MA55. Some factors exert pressure on USD and we expect metals growth to continue.

 

AS for the Hourly chart, there is the uptrend here as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55 area.

 

 

 

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

[Adamant Finance]

Technical Outlook August 3, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/03_08_2016_eur.jpg

 

 

 

EUR/USD broke through a month high as we expected. The horizontal level was crossed. You had an opportunity to open long positions according to our recommendations from the MA55 area although this curve was a bit far from the price. Today we expect EUR/USD to continue its growth. Pay attention to the US and Eurozone Services PMIs.

 

The neutral trend is still in progress on the Weekly chart as the price is fluctuating around the MA55. EUR/USD closed last week with a strong growth. We expect it to continue this upside tendency this week.

 

The Hourly chart shows the uptrend as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 area.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/03_08_2016_gbp.jpg

 

 

 

GBP/USD had a growth after an unexpected strong UK construction PMI data. Experts forecasted a great decline. This data may have a significant impact on the Bank of England decision on Thursday during meetings. This Body is expected to cut rates. The situation is still unclear and we advise to avoid trading on the eve of the Bank of England meetings.

 

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD may do some attempts to grow after weak Fridays US Labor Market data.

 

We still see the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading at the moment as tomorrow the Bank of England is to take an important decision.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/03_08_2016_aud.jpg

 

 

 

AUD/USD declined for 500 points after the decision of the Reserve Bank of Australia to cut rates. However, the currency pair gained back its lost positions and went on to grow. The total amount of this rally was about 1000 points. We gave you advises to buy AUD/USD. Today the currency pair stopped to grow according to technical indicators.

 

There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD crossed the trendline and closed above it last week. We expect it to grow this week.

 

The trend is neutral on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/03_08_2016_chf.jpg

 

 

 

USD/CHF traded with a decline after a weak Swiss data. Retail sales showed a large decline and PMI indicates a slowdown. There were some opportunities to enter short trades from the MA55, although the price was rather far from the curve. You may try short trades from the MA55 area today.

 

There is the downtrend on the Weekly chart as the price is below the MA55. USD/CHF ended last week in the negative zone and USD may continue to go down this week.

 

USD/CHF is in the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open short trades from the curve.

 

 

 

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

 

 

 

 

Gold/Silver Technical Outlook August 3, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/03_08_2016_gold.jpg

 

 

 

Yesterday’s long trades from the MA55 were successful. Today the price is too far from the balance line that is why we advise to avoid trading. Those who had a chance to open long trades yesterday, may partially fix their positions and place stops at breakeven. We expect XAU/USD to grow up to 1375.

 

There is the uptrend on the Weekly chart as the price is above the MA55. Some factors exert pressure on USD and we expect Gold to continue its growth.

 

The situation on the Hourly chart is the same as there is the uptrend. The MA-channel goes upwards and the price is above the MA55. We advise to hold your long trades.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/03_08_2016_silver.jpg

 

 

 

Siler is in the uptrend and you could open long trades this moment and enjoy profit. We advise to partially fix your trades and protect the rest. Today’s US data may surprise. That is why we recommend taking part of your profit.

 

The situation on the Weekly chart is clear as we have the uptrend. The price is above the MA55. Some factors exert pressure on USD and we expect Silver to continue its growth.

 

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

 

 

 

 

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

[Adamant Finance]

Technical Outlook August 4, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/04_08_2016_eur.jpg

 

 

 

EUR/USD declined to the MA55 during European session offering opportunities to enter long trades. However, the rally was short. You had an opportunity to protect your trades. US PMI and ADP non farm payrolls were better than expected, providing USD with additional support. Finally, USD gained some positions against EUR and CHF. Other currency pairs traded in a tight range. Today We advise to pay attention to GBP.

 

The neutral trend is progressing on the Weekly chart as the price is moving around the MA55. There was a strong growth in the end of the last week and the upside tendency may continue in the next couple of days.

 

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

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/04_08_2016_gbp.jpg

 

 

 

GBP/USD was in a tight range during yesterday’s sessions awaiting for today’s Bank of England meetings. Investors expect the BOA to cut rates. This fact may evoke another downtrend. We advise to avoid trading before the Monetary Policy Committee pronounces its decision.

 

There is the downtrend on the Weekly chart as the price is below the MA55. There is a probability of growth after Friday’s US Labor Market data.

 

Bulls are dominating on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading before the MPC pronounces its decision.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/04_08_2016_aud.jpg

 

 

 

AUD/USD was in a tight range yesterday awaiting for some important events. Today in the morning the Bulls tried to dominate the market and they were able to gain some positions on the Australian Retail sales data although it was worse than expected. This upside momentum may be the last one before a downtrend although technical indicators still show the probability of further growth.

 

The uptrend is still in progress on the Weekly chart as the price is above the MA55. The currency pair crossed the trendline and closed the last week above it. We expect the growth to continue this week.

 

The Bulls are also dominating on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. The situation is unclear and we advise to avoid trading today.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/04_08_2016_chf.jpg

 

 

 

USD/CHF was in the uptrend during the whole week. We recommended short trades and they were unsuccessful. Stop losses triggered. We think that at the moment a long upside correction is forming. There is one confusing factor – the distance between the MA55 balance line and the price.

 

There is the downtrend on the Weekly chart as the price is below the MA55. USD is under pressure after Friday’s US Labor Market data.

 

The Bulls are dominating on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to avoid trading today as the price is far from the balance line.

 

 

 

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

 

 

 

 

Gold/Silver Technical Outlook August 4, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/04_08_2016_gold.jpg

 

 

 

XAU/USD declined on the fears of strong US Labor Market data which is to be published on Friday. Investors fixed their profit. This resulted in a downtrend. Most of long trades seem to be closed. We expect some further price sliding during the day. According to our opinion, the price may target 1346,00 and form a range after.

 

There is the uptrend on the Weekly chart as the price is above the MA55. Some factors exert pressure over USD and we expect further growth of Gold prices.

 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. Yesterday’s long trades were closed at breakeven. Our advice to partially fix positions was right. Today we advise to avoid trading.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/04_08_2016_silver.jpg

 

 

 

Silver is under a stronger pressure than Gold. The downtrend is clear. We could advise to open short trades. However, the decline is too strong and the price reached the lower side of the MA-channel. The risk are too high.

 

There is the uptrend on the Weekly chart as the price is above the MA55. Some factors exert pressure on USD and we expect precious metals to grow in the upcoming couple of days.

 

The Bears are dominating on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. Today we advise to avoid trading as the price is close to the lower side of the MA-channel.

 

 

 

 

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

[Adamant Finance]

Technical Outlook August 5, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/5.08.16/a3.jpg

 

 

 

EUR/USD continued to trade close to the balance line offering no opportunities to enter the market. There is a probability of correction towards the MA55 today. If it happens, there will be an opportunity to open trades. However, there is another problem – today’s US Labor Market data. We do not advise to open trades on the eve of this data as there may be tight flat before it. You may try find some opportunities after this data although we are not sure it happens.

 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. WE have seen a strong growth in the end of the last week. Positive dynamics may continue this week.

 

The downtrend is in progress on the Hourly chart as the Ma-channel goes downwards and the price is below the MA55. We advise to avoid trading because of the upcoming important US Labor Market data.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/5.08.16/a4.jpg

 

 

 

Yesterday’s Monetary Policy decision meet our expectations as the Bank of England decided to cut rates. The central bank also announced bond buying programme. This decision was even more significant for the market as it was unexpected. This fact resulted in more profound “dive” of GBP/USD. Today the currency pair may continue to fall after the US Labor Market data.

 

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair may grow after Friday’s US data.

 

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 because of the upcoming US Labor Market data.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/5.08.16/a1.jpg

 

 

 

AUD/USD continues its moderate rally correlating with Oil growth. AUD has got support in time when other currencies are under pressure. We think that this situation is to end very soon. AUD/USD may decline on a significant upside “jump” of USD. This may happen today, e.g. on the US Labor Market data.

 

The uptrend is still in progress on the Weekly chart as the price is above the MA55. AUD/USD broke through the trendline and closed list week above it. The growth may continue this week.

 

The Bulls are still dominating on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to avoid trading as market awaits for the important US Labor Market data.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/5.08.16/a2.jpg

 

 

 

USD/CHF paused its growth on the eve of the important US Labor Market data. This event is the main for USD this week as it may raise expectations of Interest rates increase in USA. USD/CHF may approach to the balance line today. However, we recommend opening long trades only if US Labor Market data is better than expected.

 

There is the downtrend on the Weekly chart as the price is below the MA55. USD was under pressure in the end of the last week and we expect no changes in the current market situation on the Weekly.

 

The uptrend is in progress on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to avoid trading because of the upcoming US Labor Market data today.

 

 

 

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

 

 

 

 

Gold/Silver Technical Outlook August 5, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/5.08.16/a5.jpg

 

 

 

XAU/USD touched day’s lows at 1349,00 and resumed its growth after the Bank of England decision to stimulate economic growth by monetary policy easing. We expected Gold to reverse from lower points and we gave no advises. The price is currently in the Tuesday range. It may try to break the range only after the US Labor Market data. We recommend paying much attention to this event.

 

There is the uptrend on the Weekly chart as the price is above the MA55. Further Gold growth is probable as some factors exert pressure on USD.

 

The trend is neutral on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today because of the Important US Labor Market data.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/5.08.16/a6.jpg

 

 

 

XAG/USD declined yesterday, then reversed and reached the MA55 balance line right after the Bank of England decision. We expect the price to fluctuate close to the Balance line until the US Labor Market data which is to be published today in the evening.

 

The uptrend is in progress on the Weekly chart as the price is above the MA55. Some factors exert pressure on USD. We expect precious metals to continue growth.

 

The downtrend is clearly seen on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading as important US Labor Market data is expected.

 

 

 

 

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

[Adamant Finance]

Technical Outlook August 8, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/08_08_2016_eur.jpg

 

 

 

EUR/USD had a sharp decline after a strong US Labor Market data. The most important driver for the USD growth was the number of new jobs created the Average Hourly Earnings. The last one is the sign of inflation growth in future. Inflation growth will make the Fed to increase interest rates which may give an additional support to the USD. The probability of interest rates growth in December increased. This fact may support USD.

 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. EUR/USD was close to the two trendline cross and then reversed. We expect negative dynamics this week.

 

The downtrend on the Hourly chart is in progress as the MA-channel goes downwards and the price is below the MA55. EUR/USD goes back to the balance line offering some opportunities to open short trades from the MA55.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/08_08_2016_gbp.jpg

 

 

 

GBP/USD continued its decline on the Friday’s US Labor Market data according to our expectations. The downtrend was progressing and you may try open short trades from the upper trendline area as the price may not reach the balance line during such a strong trend.

 

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD tried to grow last week. However, the tendency was broken because of the Bank of England MPC’s decision as well as the US Labor Market data.

 

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from the upper trendline, placing stops above it.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/08_08_2016_aud.jpg

 

 

 

AUD/USD declined on the US Labor Market data according to our expectations. However, this downside tendency was limited and the currency pair may resume the uptrend. This may happen in case of better Australian stats.

 

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair closed last week in the positive area. This positive dynamics may continue this week.

 

The uptrend is progressing on the Hourly chart as the MA-channel looks upwards although the price is below the MA55. We advise to observe fluctuations and avoid trading.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/08_08_2016_chf.jpg

 

 

 

USD/CHF fluctuated according to scenario on the better than expected US Labor Market data. It is better to trade this data only after publication although you may miss the chance to do it. Today we advise to wait until the price goes back to the balance line.

 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD growth may continue this week and we recommend opening long trades.

 

The uptrend is progressing on the Hurly chart as the MA-channel looks upwards and the price is above the MA55. The price goes back to the balance line allowing opening short trades from the MA55 area.

 

 

 

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

 

 

 

 

Gold/Silver Technical Outlook August 8, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/08_08_2016_gold.jpg

 

 

 

XAU/USD had a considerable decline right after the US Labor Market data publication. Two important components (Non-farm payrolls and Average earnings) have shown better than expected results. Earnings growth may have a significant impact on the inflation and this may lead to the interest rates growth this year. Gold lost its positions. The probability of interest rates growth in December increased up to 43%. Today we expect correction.

 

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline may result in further decline towards 1310,00.

 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading as the price is close to the lower side of the MA-channel.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/08_08_2016_silver.jpg

 

 

 

Silver had a considerable decline on a better than expected US Labor Market data. Today we expect some correction. However, investors are bearish towards the precious metals. We expect futher decline this week.

 

The uptrend is still in progress on the Weekly chart as the price is above the MA55. We expect Silver to trade within a range 19,30-20,20.

 

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

 

 

 

http://i056.radikal.ru/1608/05/6a5ed3941edf.gif

Edited August 8, 2016 by Adamant Finance

[Adamant Finance]

Technical Outlook August 9, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/09_08_2016_eur.jpg

 

 

 

EUR/USD did not reach the balance line yesterday. There was no opportunity to enter short trades. It is probable that the price will approach the balance line today and there will be an opportunity to open short trades. There is no important data today. However, US stats may influence fluctuations. We expect calm trading without sharp moves.

 

There is no trend on the Weekly chart as the price is balancing around the MA55. Last week EUR/USD reached the cross of two trend lines and reversed downwards. We expect Bears to dominate this week.

 

The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. EUR/USD goes back to the balance line. If it reaches the MA55, there will be an opportunity to sell from there.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/09_08_2016_gbp.jpg

 

 

 

GBP/USD did not get the upper trendline yesterday to allow short trades. This happened at night and then there was a 600 points rebound. We expect GBP/USD to get back to the upper trendline again. However, if it happens, it will be too risky to enter short trades. We advise to follow British data wich is to be published today.

 

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD tried to grow last week. However, the Bank of England’s MPC decision and strong US Labor Market data reversed the upside tendency.

 

There is the downtrend on the Hourly chart as well as the MA-channel goes downwards and the price is below the MA55. We advise to sell from the upper trendline area. Place stops at 1,3030/40.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/09_08_2016_aud.jpg

 

 

 

AUD/USD marked a new month’s high yesterday. The uptrend is still progressing. However, it loses strength. It is very dangerous to open long trades in such a situation. The price may reverse at any moment and lose all positions that it gained within a week.

 

The uptrend is still in progress on the Weekly chart as the price is above the MA55. The currency pair closed last week in the positive area. We expect this dynamics to continue this week.

 

The uptrend is clearly seen on the Hourly chart as well as the MA-channel looks upwards although the price is below the MA55. You may try to open short trades along the ascending trendline awaiting for a sharp downside momentum.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/09_08_2016_chf.jpg

 

 

 

USD/CHF failed to get back to the balance line and the price continues to move higher. We advise to wait until the price goes back to the MA55 balance line and to open long trades there as it is very dangerous to buy at current price. The important Swiss Labor Market data is to be published today. It may give additional support to the currency pair in case of unexpected results.

 

There is no trend on the Weekly chart as the price is balancing around the MA55. USD may continue to grow this week. The long positions are preferable.

 

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. USD/CHF goes back to the balance line and you may try to open short trades from the MA55.

 

 

 

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

 

 

 

 

Gold/Silver Technical Outlook August 9, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/09_08_2016_gold.jpg

 

 

 

Gold traded in a range reaching weekly lows and failed to make an upside correction. Today we expect XAU/USD to resume its downside move. However, we advise to open short trades from the balance line area only.

 

The uptrend is still in progress on the Weekly chart as the price is above the MA55. If XAU/USD fails to break through the trendline again this week, the price may fall to 1310,00.

 

The downtrend is clearly seen on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from the MA55 area.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/09_08_2016_silver.jpg

 

 

 

Silver traded in flat yesterday. We expected some growth to the 20,00 area. Today another downside momentum is possible. However, we recommend opening shirt trades from the MA55 area only if price reaches it.

 

The uptrend is still in progress on the Weekly chart as the price is above the MA55. We expect XAG/USD to trade within a 19,30-20,20 range.

 

The Hourly chart shows the downtrend as the MA-channel goes downwards and the price is below the MA55. We recommend opening short trades form the MA55 area aiming 19,30.

 

 

 

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

Edited August 9, 2016 by Adamant Finance

[Adamant Finance]

Technical Outlook August 10, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/10_08_2016_eur.jpg

 

 

 

EUR/USD rebounded from the MA55 balance line during European session. You could open short trade and even protect your positions. The currency pair reversed during American session as investors moods have changed. We have seen the growth to continue today in the morning and the currency pair moved far away from the balance line.

 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. We expect the growth to the trendline with further breakthrough.

 

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

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/10_08_2016_gbp.jpg

 

 

 

GBP/USD approached the upper trendline during European session and offered an opportunity to open short trades. The currency pair moved downwards then allowing you to take about 500 points. It was enough also to protect your trades and take some profit. Today GPB/USD is ready to change its mood and to go upwards. If this happens, you may try long trades. In order to do this, wait until GBP/USD crosses 1,31000.

 

The downtrend is still in progress on the Weekly chart as the price is below the MA55. There was some attempts to grow last week. However, the Bank of England MPC’s decision along with stronger than expected US Labor Market data supported Bears and those attempts were broken.

 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We advise to open long trades only if the price breaks through 1,31000.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/10_08_2016_aud.jpg

 

 

 

AUD/USD resumed growing, supported by “Allied” currency pairs. Yesterday the currency pair touched new month’s highs. Short trades orders failed to execute. Today we recommend trying to open long trades.

 

The uptrend is still in progress on the Weekly chart as the price is above the MA55. AUD/USD had some difficulties previously in moving upwards. However, it closed last week in a positive area. We expect this dynamics to continue this week.

 

The uptrend I clearly seen on the Hourly chart as well as the MA-channel looks upwards and the price is above the MA55. We advise to enter long trades from the MA55 balance line

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/10_08_2016_chf.jpg

 

 

 

USD/CHF reached back the balance line at night only. There was no sense to enter any position. Today the current tendency may probably change, although there is the breakthrough of the trendline, confirming that the trend is already changed. We advise to open short trades today.

 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD may resume its growth and we recommend opening long trades.

 

There is no trend on the Hourly chart as well as the MA-channel is horizontal and the price is below the MA55. You may try short trades from the MA55 area.

 

 

 

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

 

 

 

 

Gold/Silver Technical Outlook August 10, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/10_08_2016_gold.jpg

 

 

 

XAU/USD reversed upwards in a sharp manner. Short trades from the MA55 were unsuccessful. We have seen a sharp change in trend and the price reached the upper side of the MA-channel. There is no opportunity to buy from the MA55 and we think today this asset is a bad idea for trading.

 

The uptrend is currently seen on the Weekly chart as the price is above the MA55. Another attempt to cross the trendline is in progress at the moment.

 

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

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/10_08_2016_silver.jpg

 

 

 

XAG/USD had some growth as well allowing to open short trades with stops previously. The expected move towards 20,00 was done today in the morning and the price went even higher, confirming the change of tendency.

 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to trade within a range (19,30-20,20).

 

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

 

 

 

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

[Adamant Finance]

Technical Outlook August 15, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/15_08_2016_eur.jpg

 

 

 

EUR/USD had a sharp upside momentum after worse than expected US Retail Sales data. You could try to open long trades according to our recommendations. Those news could bring traders about 400 pips. However, after Fed member’s Williams speech, investors were persuaded that FOMC is to raise rates again this year. He told, that the Fed has to increase interest rates this year as it will do no harm to the US economy growth.

 

This week we recommend paying attention to the FOMC meeting minutes which are to be published on Wednesday.

 

There is no trend on the Weekly chart as the price is balancing around the MA55. Trendline resisted Bulls’ attack and we expect some price decline this week.

 

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We recommend opening short positions from the MA55 area today..

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/15_08_2016_gbp.jpg

 

 

 

GBP/USD traded in both directions and you could earn about 500 pips after the US Retail Sales data. US statistics was worse than expected. We advise to pay attention to the UK Labor market, Retail Sales as well as CPI y/y data this week. Those stats may have a considerable impact on the GPB/USD fluctuations.

 

The downtrend is in progress on the Weekly chart as the price is below the MA55. The currency pair continues its downside tendency.

 

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

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/15_08_2016_aud.jpg

 

 

 

AUD/USD grew on the US Retail Sales data. However, it declined a bit later. You could earn some pips on the growth. The later decline was due to the statements of the US Fed members. The currency pair may decline further on the FOMC meeting minutes.

 

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair reached the main trendline and went down. We expect this dynamics to continue this week.

 

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We recommend opening short trades from the MA55 area.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/15_08_2016_chf.jpg

 

 

 

USD/CHF went down after the US Retail Sales data but restored. Today we recommend paying attention to the market crowd moods. We expect some growth according to EUR/USD fluctuations.

 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. Last week’s fluctuations were according to our expectations. We think that this week USD/CHF will show the opposite image.

 

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

 

 

 

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

 

 

 

 

Gold/Silver Technical Outlook August 15, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/15_08_2016_gold(1).jpg

 

 

 

XAU/USD grew sharply on a worse than expected USD Retail Sales data. You could open long trades according to our recommendations. US Retail Sales remained without changes. Bloomberg analysts expected them to grow up to 0,5%.

 

Further on Friday Gold declined on the statements of Fed member Williams. He said that FOMC has to raise rates this year and this step will not harm the US economic growth. Those words returned optimism and this USD positive dynamics may continue this week. In addition, those statements may find support in the FOMC meeting minutes, which are to be published on Wednesday.

 

The uptrend is progressing on the Weekly chart as the price is above the MA55. We have seen another attempt to break through the trendline that failed. We expect some retreat this week.

 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We recommend opening short trades from the MA55 area.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/15_08_2016_silver.jpg

 

 

 

Silver had the same dynamics as Gold on Friday and grew up after a worse than expected US Retail Sales data. Further in the evening XAG/USD lost almost all gained positions and even went lower after the Fed member’s Williams speech on the prospective of US Interest growth this year.

 

The uptrend is still in progress on the Weekly chart as the price is above the MA55. XAG/USD traded within a 19,30-20,40 range as we expected. This week XAG/USD may decline towards lower side of the range and even break it through.

 

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

 

 

 

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

[Adamant Finance]

Technical Outlook August 16, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/16_08_2016_eur.jpg

 

 

 

EUR/USD changed its direction to the upside which may result in losses in case if you have opened short trades from the MA55. Friday’s Retail Sales data gave stronger effect to USD than Fed member Williams’ speech. There is a lot of EU and US releases today and we expect the volatility to grow.

 

The neutral trend holds its positions on the Weekly chart as the price is balancing around the MA55. Trendline held some previous attacks and the price may decline this week.

 

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to try long trades from 1,11850.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/16_08_2016_gbp.jpg

 

 

 

GBP/USD declined for about 600 pips yesterday and you could open short trades from the MA55. There is an important UK CPI data today and the decline may accelerate. The currency pair bounced from the lower trendline. However, there is still the probability of retest.

 

The downtrend is still in progress on the Weekly chart as the price is below the MA55. The currency pair continues its downside tendency.

 

As for the Hourly chart, we may see the downtrend here as well as the MA-channel goes downwards and the price is below the MA55. We recommend opening short trades from the MA55 area.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/16_08_2016_aud.jpg

 

 

 

AUD/USD approached to the MA55 yesterday during European session allowing traders to sell. However, further decline was short offering not more than 200 pips. Those, who opened trades had an opportunity to protect their positions by moving stops to the opening level. The last RBA meetings minutes were released today and there was nothing new to pay attention to.

 

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair has done all its goals (reached the trendline) and went down after. We expect this dynamics to continue this week.

 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We recommend opening short trades from 0,76900.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/16_08_2016_chf.jpg

 

 

 

USD/CHF formed a downside pattern and we advise to search for short trades only when the price crosses 0,97000/0,97100. The MA-channel changed its direction to downside confirming our expectations.

 

There is no trend on the Weekly chart as the price is balancing around the MA55. We expect current week’s fluctuations to be opposite to the last ones.

 

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open short trades when the price crosses 0,97000/0,97100.

 

 

 

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

 

 

 

Gold/Silver Technical Outlook August 16, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/16_08_2016_gold.jpg

 

 

 

XAU/USD tries again to cross the trendline on the Weekly chart and this time it may succeed. There is a lot of macroeconomic events today and this breakthrough may happen within the upcoming 24 hours. The main event to pay attention is US CPI data.

 

The uptrend is in progress on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed. We expect some correction this week.

 

There is no trend on the Hourly chart as the Ma-channel is horizontal and the price is above the MA55. We advise to open long trades from the MA55 area.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/16_08_2016_silver.jpg

 

 

 

XAG/USD did a correctional growth yesterday. Today we expect the rise to accelerate especially if US data is disappointing. There is also a negative scenario for Silver. In this case XAG/USD may decline to the trendline on the Hourly chart.

 

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD is trading within the 19,30-20,40 range. This week we expect it to go to the lower side of the range and to break it through.

 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to open long trades from the MA55 area.

 

 

 

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

[Adamant Finance]

Technical Outlook August 17, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/17_08_2016_eur.jpg

 

 

 

EUR/USD grew sharply during Asian session and established new two months’ highs during European session. This rise was evoked by the better than expected Eurozone ZEW Economic Sentiment data released yesterday. There was no opportunity to open long trades according to our recommendations as the price did not correct to the necessary area. US data was disappointing and we advise to wait until today’s FOMC meeting minutes.

 

The neutral trend is still in progress on the Weekly chart as the price is balancing around the MA55. Trend lines were broker through and if the price is able to holds its current positions, there is a possibility of growth towards 1,15000.

 

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to consider long trades from the MA55 if the price goes back to the curve.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/17_08_2016_gbp.jpg

 

 

 

There was an opportunity to enter short trades from the MA55 according to our recommendations. The price went down for about 300 points offering a possibility to move stop orders to the breakeven level. Those stops triggered and GBP/USD went upwards on better than expected UK CPI data and worse than forecasted US inflation statistics. Today we recommend paying attention to the US FOMC Meeting Minutes.

 

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD is still developing the downside tendency.

 

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to place long orders from the MA55 area.

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/17_08_2016_aud.jpg

 

 

 

AUD/USD moved different directions during yesterday. Short trades failed to bring some profit. Today the currency pair tries to break through the trendline on the Hourly chart. We advise to avoid trading today and wait for today’s FOMC Meeting Minutes. WE expect the situation to be more clear after that release.

 

The uptrend is still progressing on the Weekly chart as the price is above the MA55. The currency pair reached the trendline and went down. We expect this dynamics to continue this week.

 

There is the uptrend on the Hourly chart as the MA-channel goes upwards although the price is below the MA55. We advise to avoid trading AUD/USD today.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/17_08_2016_chf.jpg

 

 

 

USD/CHF traded according to the pattern for short positions from 0,97000/0,97100. It is time to take a pause in trading as investors wait for the FOMC Meeting Minutes release. If you have any open positions, it is the right time to close them.

 

The neutral trend is still in progress on the Weekly chart as the price is balancing around the MA55. USD/CHF traded according to our expectations last week. This week we expect the opposite fluctuations.

 

There is the downtrend on the Hourly chart as the MNA-channel looks downwards and the price is below the MA55. We recommend avoiding trading today.

 

 

 

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

 

 

 

 

Gold/Silver Technical Outlook August 17, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/17_08_2016_gold.jpg

 

 

 

XAU/USD Has some difficulties in breaking through the trendline on the Weekly chart. You may see that the price went back to its previous positions after yesterday’s upside momentum. There is a probability that today’s FOMC Meeting Minutes release will provoke XAU/USD growth.

 

The uptrend is in progress on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline may succeed.

 

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

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/17_08_2016_silver.jpg

 

 

 

XAG/USD failed to grow although US inflation data was worse than expected. We think that the market waits for today US FOMC Meeting Minutes release. Interest rates growth expectations remain unchanged at 50%.

 

There is the uptrend on the Weekly chart as the price is above the MA55. The precious metal trades within the 19,30-20,40 range. There is a probability that XAG/USD goes to the lower side of the range and breaks it through this week.

 

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

 

 

 

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

[Adamant Finance]

Technical Outlook August 18, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/18_08_2016_eur.jpg

 

 

 

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

 

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

 

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

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/18_08_2016_gbp.jpg

 

 

 

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

 

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

 

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

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/18_08_2016_aud.jpg

 

 

 

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

 

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

 

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

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/18_08_2016_chf.jpg

 

 

 

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

 

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

 

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

 

 

 

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

 

 

 

 

Gold/Silver Technical Outlook August 18, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/18_08_2016_gold.jpg

 

 

 

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

 

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

 

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

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/18_08_2016_silver.jpg

 

 

 

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

 

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

 

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

 

 

 

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

[Adamant Finance]

Technical Outlook August 19, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/19_08_2016_eur.jpg

 

 

 

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

 

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

 

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

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/18_08_2016_gbp.jpg

 

 

 

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

 

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

 

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

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/19_08_2016_aud.jpg

 

 

 

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

 

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

 

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

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/19_08_2016_chf.jpg

 

 

 

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

 

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

 

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

 

 

 

Gold/Silver Technical Outlook August 19, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/19_08_2016_gold.jpg

 

 

 

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

 

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

 

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

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/19_08_2016_silver.jpg

 

 

 

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

 

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

 

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

[Adamant Finance]

Technical Outlook August 22, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/22_08_2016_eur.jpg

 

 

 

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

 

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

 

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

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/22_08_2016_gbp.jpg

 

 

 

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

 

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

 

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

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/22_08_2016_aud.jpg

 

 

 

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

 

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

 

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

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/22_08_2016_chf.jpg

 

 

 

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

 

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

 

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

 

 

 

Gold/Silver Technical Outlook August 22, 2016

 

 

 

GOLD (XAUUSD)

 

 

 

 

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

 

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

 

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

 

 

 

SILVER (XAGUSD)

 

 

 

 

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

 

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

 

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

[Adamant Finance]

Technical Outlook August 23, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/23_08_2016_eur.jpg

 

 

 

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

 

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

 

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

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/23_08_2016_gbp.jpg

 

 

 

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

 

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

 

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

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/23_08_2016_aud.jpg

 

 

 

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

 

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

 

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

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/23_08_2016_chf.jpg

 

 

 

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

 

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

 

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

 

 

 

 

Gold/Silver Technical Outlook August 23, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/23_08_2016_gold.jpg

 

 

 

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

 

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

 

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

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/23_08_2016_silver.jpg

 

 

 

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

 

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

 

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

[Adamant Finance]

Technical Outlook August 24, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/24_08_2016_eur.jpg

 

 

 

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

 

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

 

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

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/24_08_2016_gbp.jpg

 

 

 

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

 

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

 

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

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/24_08_2016_aud.jpg

 

 

 

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

 

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

 

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

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/24_08_2016_chf.jpg

 

 

 

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

 

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

 

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

 

 

 

 

Gold/Silver Technical Outlook August 24, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/24_08_2016_gold.jpg

 

 

 

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

 

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

 

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

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/24_08_2016_silver.jpg

 

 

 

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

 

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

 

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

[Adamant Finance]

Technical Outlook August 25, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/25_08_2016_eur.jpg

 

 

 

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

 

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

 

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

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/25_08_2016_gbp.jpg

 

 

 

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

 

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

 

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

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/25_08_2016_aud.jpg

 

 

 

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

 

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

 

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

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/25_08_2016_chf.jpg

 

 

 

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

 

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

 

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

 

 

 

 

Gold/Silver Technical Outlook August 25, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/25_08_2016_gold.jpg

 

 

 

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

 

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

 

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

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/25_08_2016_silver.jpg

 

 

 

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

 

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

 

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

[Adamant Finance]

Technical Outlook August 26, 2016

 

 

 

EURUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/26_08_2016_eur.jpg

 

 

 

Yesterday’s EU and US data had almost no impact on EUR/USD. German Ifo Business Climate was worse than expected as the final figure declined to 106,2. As for US Durable Goods Orders, this macroeconomic indicator increased to 1,5% from 0,4% last time. However, market participants wait for Yellen’s speech that is to take place today (we expected it yesterday).

 

It means that there is a possibility of high volatility during the event. We give no recommendations as it is necessary to open trades right after the event.

 

The uptrend is in progress on the Weekly chart as the price is above the MA55. We have seen a correction this week after a sharp momentum. However, the probability of reaching 1,15000 in the next couple of weeks is still too high.

 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We recommend waiting for Yellen’s speech before taking any decision. If it results in a tendency, we advise to open trades as close to the balance line as possible.

 

 

 

GBPUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/26_08_2016_gbp.jpg

 

 

 

GBP/USD formed a downside correction according to our expectations. Yesterday’s pattern did its job. We expect any fluctuations during today’s Yellen speech. In addition, we advise to pay attention to UK Second Estimate GDP and US Prelim GDP for second quarter. Bloomberg experts forecast that UK data will remain unchanged. US Prelim GDP data may show minor decline to 1,1% from 1,2% previous estimate.

 

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair may decline below 1,30000 this week if Yellen’s speech impresses investors.

 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to wait until the end of Yellen’s speech to take decision. In case of any movement, we recommend opening trades from the balance line (or close to the area).

 

 

 

AUDUSD

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/26_08_2016_aud.jpg

 

 

 

AUD/USD continued to fluctuate close to the key area at 0,75850/76000. Investors wait for the Yellen’s speech for further actions. The market participants will pay attention to what the Fed Head’s is about to say expecting for new hints on the probability of Interest Rates rise this year.

 

There is the uptrend on the Weekly chart as the price is above the MA55. Second Doji on the Weekly chart confirms a struggle close to the resistance level. The price is unable to cross the resistance and may change the direction to downwards.

 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We recommend waiting until the end of the Fed Head’s speech to take any decisions. If there is any movement, open trades close to the balance line.

 

 

 

USDCHF

 

http://adamantfinance.com/files/editor/Analytics/Technical/08_2016/26_08_2016_chf.jpg

 

 

 

USD/CHF has done another upside momentum. Yesterday’s high were renewed for a couple of pips. The decision to fix positions was taken in the right time. The growth is slowing down telling us that the tendency is running out. The currency pair may decline according to the technical analysis. However, today we advise to pay attention to fundamental factors (Janet Yellen’s speech).

 

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

 

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to wait until the end of Yellen’s speech to take further decisions. If there is any movement, try to open trades close to the balance line.

 

 

 

 

Gold/Silver Technical Outlook August 26, 2016

 

 

 

GOLD (XAUUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/26_08_2016_gold.jpg

 

 

 

XAU/USD declined a little on Thursday waiting for the Fed Head’s speech. However, Yellen had no speech on yesterday. We advise to pay attention to this event today. If there is any hint on the probability of Interest Rates growth this year, USD may get some additional support. According to futures, this probability grew to 57%.

 

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

 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We recommend waiting until the end of Yellen’s speech to take any decision. If there is any movement, open trades as close to the balance line area as possible.

 

 

 

SILVER (XAGUSD)

 

http://adamantfinance.com/files/editor/Analytics/Metals/08_2016/26_08_2016_silver.jpg

 

 

 

XAG/USD held its positions at the same level awaiting for the Fed Head’s Yellen speech. The situation is the same and we advise to wait until the end of the event today.

 

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

 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to wait until the end of today’s event and try to open trades as close to the balance line area as possible.