Thread: Adamant Finance - Daily Analysis

Technical Outlook February 17, 2017

EURUSD



The currency pair continued to develop its technical correction according to our expectations. We think that EUR still has some fuel to develop its upside tendency today up to 1,0700 and then we expect the currency pair to start a downside correction. EUR/USD is trading currently close to the upper side of the MA-channel and we give no recommendations. There is no important data today neither from Eurozone nor from the United States. The currency pair is likely to be trading according to technical analysis.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to continue its upside correction last week. We think it is going to continue its downside tendency in the nearest future.

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

GBPUSD



The currency pair reversed its tendency but there was no sharp movements yesterday. However, we can see that there is an upside tendency on the chart and it is time to look for long trades from the MA55 balance line. There is an important US data today which is able to influence fluctuations significantly. We advise to pay attention to this statistics and trade carefully.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its tendency according to our expectations last week. We think it is going to start its downside correction in the nearest future.

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

AUDUSD



The currency pair was trading above the range established previously. This indicates on a probability of further growth of the currency pair. There is an opportunity to open long trades from the MA55 balance line expecting further upside tendency. If there is no active growth today, we advise to do more attempts to buy on the next week. There is no important data today and we think the currency pair is going to fluctuate according to technical analysis.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did an expected correction to the broken through trendline last week and we think it is going to accelerate its growth in the nearest future.

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

USDCHF



The currency pair declined yesterday and broke through the trend line indicating its direction. You may try to search for short trades from the trendline on the Hourly chart. There are no other pivot points at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to develop its expected dynamics last week. We think that USD/CHF is going to continue its growth in the nearest future.

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


Gold and Silver Technical Outlook February 17, 2017

GOLD (XAUUSD)



Gold established an upside tendency yesterday and we think it is time to open long trades. However, there are some moments to pay attention to. Market activity is low due to US holidays on Monday. Another moment to pay attention to is Friday. There is no important data from the United States today. Those factors may prevent Gold from developing its upside tendency today and we advise to do nothing and stay out of market.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction last week and Gold almost reached the MA55 balance line. We think that XAU/USD is going to start its downside correction in the nearest future.

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

SILVER (XAGUSD)



Silver left its range according to our expectations. We think it is going to continue its growth in the nearest future but the problem is that there is low activity in the market as the US holiday is expected on Monday. It is better to avoid trading.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week and we think XAG/USD is going to continue its upside correction in the nearest future.

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

Technical Outlook February 20, 2017

EURUSD



The currency pair was in a downside correction on Friday and accelerated this tendency breaking the current trend. We think that today’s fluctuations will be limited as United States are on holiday. There is no important data today that may have significant impact on quotes. We give no recommendations as the market activity supposed to be low. It is risky to open trades when there are low volumes in the market.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week and we think that it is going to fluctuate the same way in the nearest future.

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

GBPUSD



The currency pair declined sharply after weaker than expected UK Retail sales data released on Friday. We gave a recommendation to open long trades thinking that the UK data would be stronger than expected. However, our expectations failed. You had an opportunity to cancel an order after this data was released. If you did not do it, stop loss was close to the open price and you have lost few. There is no important data today and the volatility is supposed to be low due to the US holiday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and we think it is going to develop its correction decline in the nearest future.

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

AUDUSD



The currency pair returned to its range in which it was trading for long time previously. Short trades according to our recommendations closed by stop losses, which were close to the open price. Th3ere is no important data to pay attention to today. United states are on holidays and this may result in low volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth acceleration last week and the currency pair is on the same positions. We think that AUD/USD is able to decline in the nearest future.

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

USDCHF



The currency pair was close to the broken out trendline in the dying minutes of Friday’s session and there was no opportunity to open trades as it was too late for trading. The currency pair tries to breakout the trendline and we advise to avoid trading waiting for better position.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in both directions last week and we think it is going to develop its moderate growth in the nearest future.

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


Gold and Silver Technical Outlook February 20, 2017

GOLD (XAUUSD)



Gold corrected on Friday and there was a fix of long trades. We gave a recommendation to avoid trading on Friday. There is no important data today to pay attention to. United States are on holiday and the dynamics is likely to be weak during the American session. It is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD is still close to the MA55 balance line and we think this dynamics is going to be dominating in the nearest future.

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

SILVER (XAGUSD)



Silver was almost on the same positions on Friday as the US traders were waiting for holiday and were less active than usual. It is better to avoid trading today as the United States are on holiday and we expect low volatility during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that XAG/USD is going to develop its upside correction in the nearest future.

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

Technical Outlook February 21, 2017

EURUSD



The currency pair was trading in a tight range according to our expectations yesterday. During the Asian session the price started its decline. Other currency pairs look in the same direction as USD becomes more expensive. We think that the currency pair is going to develop its downside tendency on the eve of tomorrow’s Federal Open Market Committee minutes. We advise to pay attention to today’s German, Eurozone and United States PMIs. This data may influence fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week. We think that it is going to grow or to be trading in both directions again in the nearest future.

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

GBPUSD



The currency pair continued to be trading within a large descending range. You may try to open short trades from the upper side of this channel as USD is on rally at the moment and this currency is going to push on all others on the eve of the Federal Open Market Committee minutes which are to be released tomorrow during the American session. We advise to pay attention to the UK inflation report which is likely to provoke currency pair movements.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We think that GBP/USD is going to develop its downside correction in the nearest future.

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

AUDUSD



The currency pair is still trading within two last week’s range. The currency pair is in flat at the moment and we think that the better idea is to avoid trading.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. There was no growth acceleration last week and the currency pair is still close to the same positions. We think that AUD/USD is going to develop its downside correction in the nearest future.

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

USDCHF



The currency pair was trading within a tight range on Monday alike EUR/USD. It started to increase its volatility today in the morning. The currency pair is in the uptrend and you may try to open long trades during the European session, if price offers such opportunities. It is to mention that the FOMC minutes are going to be released tomorrow. We think that USD is going to grow on the eve of this event.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in both directions last week. We think that it is going to develop its moderate growth in the nearest future.

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


Gold and Silver Technical Outlook February 21, 2017

GOLD (XAUUSD)



Gold was trading with low volatility on Monday according to our expectations. Trading range was about 5USD for the whole day. However during the Asian session there was a growth in volatility and has already passed more than 5USD for a couple of hours. We advise to open short trades from the MA55 balance line. The MA-channel is still neutral.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading close to the MA55 balance line last week. We think that this dynamics is going to develop in the nearest future.

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

SILVER (XAGUSD)



Silver is declining at the moment but the MA-channel is still neutral. The price is breaking through the trendline on the Hourly chart and this indicates on the probability of a tendency reverse.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that the precious metal is going to develop its upside correction in the nearest future.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the Ma55 balance line. We advise to open short trades from the Ma55 balance line or from the trend line. Place stop losses above those indicators.

Technical Outlook February 22, 2017

EURUSD



The currency pair was trading with a decline due to the FOMC members’ comments yesterday. Fed’s policymakers hinted on the probability of the Interest Rates hike on March meeting. USD has got some support on those comments. However, this fact is not the only one to push EUR/USD lower. It is to mention that investors also pay attention to the upcoming French Presidential Elections which are to take part this year. The victory of right forces may push European Union to further disintegration. There was no opportunity to sell according to our recommendations as the price failed to reach the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in doth directions last week. We think it is going to grow or be trading without any direction in the nearest future.

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

GBPUSD



The currency pair was trading with high volatility within an ascending channel and has broken through the trendline on the Hourly chart today during the Asian session. It means nothing as the price may change the direction of the channel to neutral. This ascending tendency was because the Bank of England has changed its forecast for Economic growth. However, we are not sure that the currency pair is going to choose an upside tendency to follow and today it is better to take some time to watch how the situation is going to develop

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and we think that it is going to develop its downside correction in the nearest future.

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

AUDUSD



The currency pair is still trading within a range in which it was fluctuating for a couple of previous weeks. It looks like AUD/USD is in flat and we give no recommendations in this situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth acceleration last week as AUD/USD is still in the same positions. We think that it is going to develop a downside correction in the nearest future.

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

USDCHF



The currency pair offered no opportunity to open long trades from the MA55 balance line as there was an aggressive growth yesterday. We think that there is a probability to buy from the trendline. However, those trades will be risky. The growth angle is sharp as we can see it on the chart and there is a probability to take some profit.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in both directions last week. We think that it is going to develop its growth in the nearest future.

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


Gold and Silver Technical Outlook February 22, 2017

GOLD (XAUUSD)



Gold was trading in both directions yesterday but there was an opportunity to open short trades according to our recommendations. Those trades were likely to end with stop losses. It is better to open trades today. You can try to sell from the upper trendline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price continues to fluctuate close to the MA55 balance line and we think it is going to have the same dynamics in the nearest future.

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

SILVER (XAGUSD)



There was an opportunity to open trades according to our recommendations. This trade is in the positive area at the moment and there is a probability that Silver is going to decline towards 17,85. However, there is no clear tendency and this trade is still risky.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that Silver is going to develop its upside tendency in the nearest future.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to hold short trades from the trendline until the price reaches 17,85.

Technical Outlook February 23, 2017

EURUSD



The currency pair was trading in both directions as the market participants were awaiting for Federal Open Market Committee minutes. USD was growing on the eve of the release and declined further as FOMC comments did not meet investors’ expectations. Everybody wants to know when FED is going to hike Interest Rates this year. The Interest Rates hike odds is about 18% on March and 50% on May. There was an opportunity top open short trades from the MA5 balance line and the price was in a profit area for 300 pips. It was enough to protect trades or fix positions partially. The currency pair is likely to develop its upside correction, launched yesterday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week. We think it is going to grow or to be trading without any direction in the nearest future.

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

GBPUSD



The currency pair was trading within a large channel which changed its direction to a flat. You may try to open trades from this range’s boundaries, but we give no recommendation in this situation. Yesterday’s Advance UK GDP data showed some decrease and this is going to push GBP/USD downwards. You may try to open short trades from the upper boundary of this flat channel. However, this boundary is rather wide.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We think it is going to develop its downside tendency in the nearest future.

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

AUDUSD



The currency pair continues to be trading within a range in which it was fluctuating for the past two weeks. It looks like AUD/USD is in flat at the moment and we give no recommendations in this situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth acceleration last week and the currency pair is still on the same positions. We think that it is going to develop some downside correction in the nearest future.

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

USDCHF



The currency pair failed to approach the trendline during yesterdays’ sessions and returned to the area right after FOMC minutes. You may try long trades from the trend line today. Stop loss should be around 100-150 pips.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear direction last week but we think that the currency pair is going to grow moderately in the nearest future.

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


Gold and Silver Technical Outlook February 23, 2017

GOLD (XAUUSD)



Gold was trading with no clear direction yesterday on the eve of the Federal Open Market Committee meeting minutes. XAU/USD was growing before the release and declined right after the event. Then Gold started to grow again. XAU/USD’s upside tendency is provoked by the fact that there is no news on further monetary policy tightening in the United States. Interest Rates hike odds reached 18% for March and 50% for May consequently. There was an opportunity to sell from the trend line but those trades closed by stop losses.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price continued to be trading close to the MA55 balance line last week. We think that the precious metal is going to develop this dynamics in the nearest future.

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

SILVER (XAGUSD)



Silver failed to reach 17,85. It is time to close short trades if you had ones. Silver is in flat at the moment and its further direction is still unclear. It is better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. WE think that an upside correction is going to develop in the nearest future.

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

Technical Outlook February 24, 2017

EURUSD



The currency pair developed its upside correction according to our expectations as there was no new drivers for USD growth. Interest Rates hike odds decreased after the Federal Open Market Committee minutes release and less market participants expect the Federal Reserve system to tighten its monetary policy in March. Correction growth is developing and there was a change in a current tendency. You may try to open long trades during the European session today if there is such an opportunity.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week. We think that EUR/USD is going to grow moderately or to have no clear direction in the nearest future.

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

GBPUSD



The currency pair increased to the upper side of the channel and even tried to break it through yesterday. However, the upper channel boundary still holds all Bulls attacks as there are no new drivers to influence fluctuations. There is an opportunity to try short trades with stop loss above yesterday’s high. However, we do not recommend doing it, as the situation is still unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We think that GBP/USD is going to develop its downside correction in the nearest future.

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

AUDUSD



The currency pair was trying to leave the range area wh ere it had been trading for a couple of weeks. However, this attempt failed as it is still fluctuating within this range. There is no clear tendency at the moment and we give no recommendations today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth acceleration last week and the currency pair is still close to the same positions. We think it is going to decline in the nearest future.

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

USDCHF



The currency pair offered an opportunity to open long trades from the trendline on the Hourly chart and this position closed by stop loss. There is no clear reverse at the moment and we do not recommend opening trades. Market activity may be lower today as it is Friday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear direction last week but we think the currency pair is able to develop its moderate growth in the nearest future.

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


Gold and Silver Technical Outlook February 24, 2017

GOLD (XAUUSD)



Gold increased its speed in its upside tendency yesterday as the Interest Rates hike odds decreased. There is the uptrend at the moment and you may try to search for long trades. However the price is far from the MA55 balance line. You may try to buy from the MA13 but the risks are high in this case. Gold is close to a strong resistance at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold was trading close to the MA55 balance line last week. We think that XAU/US is going to develop this dynamics in the nearest future.

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

SILVER (XAGUSD)



Silver went upwards yesterday and broke through the upper side of the range. There is an opportunity to open long trades but it is Friday and the market activity may be lower. We think that there is a probability of a downside correction. You may try to buy from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that there is a probability of further growth in the nearest future.

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

Technical Outlook February 27, 2017

EURUSD



The currency pair failed to decline towards the balance line during the European session on Friday. There was no opportunity to open long trades. Later, during the American session, EUR/USD was close to the MA55 balance line, but it was too late to do something. There is a probability of further decline today. The currency pair is trading with no clear tendency at the moment as EUR/USD is accumulating positions below the resistance at 1,05700. You can try to open short trades with small stop loss, but risks are still too high.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no clear tendency last week as the currency pair was trading in both directions. We think that EUR/USD is going to resume its downside tendency in the nearest future.

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

GBPUSD



The currency pair was trading close to the upper side of the range but declined towards its lower side on Friday. GBP/USD developed its decline in the beginning of this week. We think that the currency pair is preparing to break through the lower boundary. This may happen today or tomorrow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a large range last week. We think it is going to leave this range in the nearest future.

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

AUDUSD



The currency pair is still trading within a previously established range and unable to leave it for a long time. AUD/USD is trading in a flat range and we give no recommendations as there is no sense to do anything at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is no changes in tendency as the currency pair is trading within a range. We think that it is going to leave this range in the nearest future.

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

USDCHF



The currency pair ended last week almost with no changes. As we have previously mentioned, it was risky to open trades as there was no clear tendency. We think that USD/CHF is going to grow.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week but USD/CHF had some growth on Friday. We think it is going to grow in the next couple of days.

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


Gold and Silver Technical Outlook February 27, 2017

GOLD (XAUUSD)



Gold continued its growth and long trades from the MA13 were successful. There were risks but you had an opportunity to have profit as Gold’s growth was about 10USD. We think that the price is going to decline from the last weeks highs or establish new highs and reverse.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was trading close to the MA55 balance line last week. We think it is going to bounce off this curve in the next couple of days.

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

SILVER (XAGUSD)



Silver offered no opportunity to open long trades from the MA55 balance line. The price is close to the resistance level and may reverse at any moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver resumed its growth last week and we think it is going to develop its upside correction in the nearest future.

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

Technical Outlook February 28, 2017

EURUSD



The currency pair established new highs before the probable decline which is to take place in the nearest future. We had previously mentioned that the reverse was going to be hard. Stop losses triggered yesterday and we think that today market participants are going to push the currency pair down. Resistance at 1,05700 was weak and worked for the Asian session only. If there is any momentum today, you may try to catch the price there in order to open short trades. We think that it is better to sell from 1,06000. The only thing that may change todays plans is the US President’s Donald Trump speech.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no clear tendency last week and we think that the currency pair is going to develop a downside tendency in the nearest future.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short trades from 1,06000. Place stop loss above 1,06200 or on this level.

GBPUSD



The currency pair failed to leave is range on Monday and we think it is going to do it today. GBP/USD corrected yesterday after a huge decline. Today’s short trades area is close to 1,24500-600. However, there is on event that may change Bears plans – today’s Trump speech.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a wide range last week. We think it is going to leave this range downwards in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1,24500-600 levels. Place stop losses above the Ma55 balance line.

AUDUSD



The currency pair continues its boundary trading. AUD/USD is still within the same range for long time. There is no clear tendency at the moment and we give no recommendations. We think that the currency pair is going to leave this range downwards today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. AUD/USD is trading with no changes but we think it is going to leave its range in the nearest future.

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

USDCHF



The currency pair is preparing for the growth as it is trying to establish an upside tendency. We think that this tendency is going to accelerate today if nothing is going to change the plans (like today’s Trump speech). However, this event is going to take place during the American session.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. There was no clear tendency last week and the currency pair ended last week with a growth. We think it is going to develop its upside tendency in the nearest future.

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


Gold and Silver Technical Outlook February 28, 2017

GOLD (XAUUSD)



Gold is establishing new highs and is going to reverse downwards. Yesterday’s pattern indicates on the probability of this scenario. The MA-channel slows down its growth and prepares to a reverse. The only thing which is able to change plans is today’s Donald Trump speech which is to take place during the American session. You can try to sell from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price was close to the MA55 balance line last week and we think it is going to bounce off this curve in the nearest future.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the curve.

SILVER (XAGUSD)



Silver is also preparing for a reverse but in a less active manner. There was some signs of Bears future domination on yesterday. However, we give no recommendations today as the MA-channel is still neutral. We advise to do nothing and to take any actions tomorrow.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver resumed its upside tendency last week and we think it is going to develop its upside correction in the nearest future.

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

Technical Outlook March 1, 2017

EURUSD



The currency pair was trading in both directions yesterday on the eve of Donald trump’s speech and USD has got a significant support during the American session after a stronger than expected US data. The currency pair was trading within a neutral MA-channel and short trades according to our recommendations were unsuccessful. There was an opportunity to open short trades during the Asian session and later the currency pair has fallen through, allowing to protect your trades. Trump’s speech is expected today during the European session.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no clear dynamics last week. We think that the currency pair is going to resume its downside tendency in the nearest future.

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

GBPUSD



There was an opportunity to open short trades and get some profit as the currency pair declined for 1000 pips. GBP/USD left its range in which it was trading for long time already. We think that the currency pair is going to develop its downside tendency and even to accelerate it. You may fix your positions partially and hold the rest in order to reach goals that are more significant.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading within a large range last week. We think that it is going to leave the previously established range downwards.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades from 1,24500-600.

AUDUSD



The currency pair tries to leave its range in which it is trading for long time. Yesterday’s Australian statistics did not allow to leave the range as the GDP data was better than expected. The currency pair returned to its range after this release. The currency pair still tries to break through the boundary at 0,76500.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is no changes in the situation but we think that the currency pair is able to leave the previously established range this week.

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

USDCHF



The currency pair was not trading according to our expectations and long trades from the MA55 balance line were closed by Stop losses. However, USD/CHF has a nice pattern today and it is better to wait until the currency pair establishes a tendency to take any further steps.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week, but the currency pair had some growth in the end of last week. We think that USD/CHF is going to develop its upside tendency in the nearest future.

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


Gold and Silver Technical Outlook March 1, 2017

GOLD (XAUUSD)



Gold was trading according to a predicted scenario and started to decline from the MA55 balance line. There was two opportunities to open short trades in the beginning of the European session as the price was close to the MA55 balance line and in the beginning of the American session. You could place stop loss at the breakeven level in the first case (this trade brought no profit) and have some profit in the second one. The price is far from the MA55 balance line today and we advise to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was trading close to the MA55 balance line last week and we think it is going to bounce of this indicator in the nearest future.

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

SILVER (XAGUSD)



Silver still holds its positions and is trying to establish a reverse. We think it is better to avoid trading today as XAG/USD is likely to develop this weak dynamics during the day.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD resumed its growth last week. We think that Silver is going to develop its upside correction and then to reverse.

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

Technical Outlook March 2, 2017

EURUSD



The currency pair continued to decline yesterday as the Interest Rates hike odds increased again. The Federal Open Market Committee representatives have commented the probability of Interest Rates hike in March and the odds increased from 35 up to 65%. This probability has increased again up to 73% today. Those odds gave some additional significant support to USD.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no clear direction last week and we think that the currency pair is going to develop its downside dynamics in the nearest future.

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

GBPUSD



The currency pair continued its decline according to our expectations and there was an opportunity to fix previously opened positions with about 2000 pips of profit. The price reached the lower boundary of the MA-channel and GBP/USD is able to reverse.

However, we think it may also continue to decline further as there is no fundamental factors to support the currency pair. It is up to you to decide whether to fix profit at the moment or to wait for further opportunities.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading within a large range last week. We think it is going to break through the lower side of the boundary in the nearest future.

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

AUDUSD



The currency pair is still within a range and can not leave it. However, we think it is going to break it through downwards in the nearest future. You may try to open short trades from the MA55 balance line today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was almost no changes last week, but we think that the currency pair is going to leave this range downwards in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA5 balance line. Place stop loss above the indicator.

USDCHF



The currency pair moved upwards yesterday but it was not enough to think that the uptrend is established. We advise to take no steps until the currency pair establishes any tendency. We think that those opportunities will be offered tomorrow.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week but we think the currency pair is going to go upwards in the next couple of days.

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


Gold and Silver Technical Outlook March 2, 2017

GOLD (XAUUSD)



Gold continued its downside dynamics in the first half of Wednesday due to the US data. However, we think that USD is going to grow in the nearest future as the Interest Rates hike odds increased after yesterday’s Federal Open market committee members’ comments. This probability increased up to 65% and this may have a significant impact on XAU/USD.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price was fluctuating close to the MA55 balance line last week. We think it is going to bounce off this curve in the nearest future.

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

SILVER (XAGUSD)



Silver is still trading in a flat with no clear direction and this precious metal is unable to develop a downside dynamics as we have previously commented. We think it is better to do nothing today as XAG/USD is able to develop this dynamics during the day.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some growth last week and we think Silver is going to develop this tendency in the next couple of days.

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