Thread: Adamant Finance - Daily Analysis

Technical Outlook March 17, 2017

EURUSD



The currency pair was trading in a tight range yesterday and developed its frowth during the American session only. There was an opportunity to open long trades from the MA13, but those positions were unsuccessful and there is a probability that they have been closed by stop losses as it is too risky to buy or sell from the MA13 curve and we always underline this in our reviews. We think that the currency pair is going to start a deep correction today and we advise to do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth last week. We think that it is going to be trading within the last week’s range or even higher in the next couple of days.

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

GBPUSD



There was no opportunity to open trades from 1,22250 as the price failed to reach this level yesterday. There was a surprise during the Bank of England’s Meeting as one of the Monetary Policy Committee members voted for Interest Rates hike. It is to mention that all members had voted for current monetary policy last time. This is the first signal or even alert to the probability of Interest Rates hike in the nearest future. The currency pair fluctuations resulted in growth. However we think that it is time for GBP/USD to have a considerable correction today and it is better to do nothing on Friday.

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 downside tendency in the next couple of days.

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

AUDUSD



The currency pair moves closer to the MA55 balance line, but it failed to reach it yesterday. The price is still declining moderately but it still not close to the balance line to offer some trading opportunities. You may try to buy from the MA5 balance line with close targets.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was price consolidation below the range and the currency pair develop its downside tendency last week. We think it is going to decline moderately in the next couple of days.

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

USDCHF



The currency pair continued its decline yesterday. The Bank of Switzerland conducted its Meeting yesterday and left its monetary policy unchanged. However, the currency pair went on a correction in the morning and we think it is going to develop it during Friday. There was no opportunities to open short trades according to our recommendations yesterday as the currency pair failed to reach the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued to be trading without any clear direction last week. We think that this dynamics is going to develop this week.

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


Gold and Silver Technical Outlook March 17, 2017

GOLD (XAUUSD)



Gold continued to grow moderately yesterday and allowed to open long trades from the MA13 according to our recommendations. There was an opportunity to take about 10 USD as profit and it was easy to fix positions there. There is a probability, that Gold is going to launch a downside correction today and we advise to do nothing in order to avoid counter trend trading.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price declined according to our expectations last week. We think it is going to continue its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver offered an opportunity to open long trades according to our recommendations from the MA13. You had a chance to fix those trades with about 15 pips of profit. We think that Silver is going to develop its correction today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD accelerated its decline towards the end of the last week. We think Silver is likely to develop its decline in the next couple of days.

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

Technical Outlook March 20, 2017

EURUSD



The currency pair did the expected correction, but it was not as deep as we had previously thought. The currency pair reached the MA55 balance line and bounced off it. We think it shows the currency pairs intention to develop its upside tendency in the nearest future. You can try to open long trades during the European session today if there is any opportunity to do it. There are many Federal Open Market Committee members’ comments this week (including today’s Evans speech), which may have considerable impact on fluctuations and we advise to stay on guards.

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

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

GBPUSD



There was no currency pair’s correction, GBP/USD continued its growth on Friday, and it is still doing it today. We advise to look for long trades. There is a high potential for further growth. However, the currency pair is far from the balance line and it is better to wait until it gets closer to the MA55. It is to mention also that there are many Federal Open Market Committee members’ comments this week that may influence fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair has got some additional support last week after the Bank of England’s Meeting and Interest Rates voting. We think that the currency pair is going to develop its upside tendency in the next couple of days.

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

AUDUSD



The currency pair failed to reach the MA55 balance line on Friday and there was no opportunity to open long trades according to our recommendations. However, we think that this opportunity is likely to appear today. The currency pair has a high potential for further growth. Do not forget about the FOMC members’ comments that will be numerous this week. They may have significant impact on fluctuations.

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

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

USDCHF



The currency pair was in a consolidation on Friday and it reached the MA55 balance line and the USD/CHF bounced off. This fact indicates on the probability of further decline. We think that USD/CHF is going to develop its downside tendency if fundamental factors support those moods.

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

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


Gold and Silver Technical Outlook March 20, 2017

GOLD (XAUUSD)



Gold was in a correction last Friday but failed to decline and was trading within a tight range. We think XAU/USD is likely to develop its upside tendency today and we advise to open long trades if the price allows to do it. There is a high potential for further growth.

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

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

SILVER (XAGUSD)



Silver was trading with some growth despite the fact that we had expected a correction. The price failed to establish new weekly highs. We think it is going to happen today. We advise to open long trades from the MA55 balance line.

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

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

Technical Outlook March 21, 2017

EURUSD



There was an opportunity to buy the currency pair according to our recommendations but this position was closed by stop loss. There is no clear tendency at the moment and we advise to do nothing today. There will be no Eurozone data during the day and the correction is likely to take place. However, the currency pair established new highs and there is a probability of further upside tendency. This is the reason why we advise to do nothing. It is to mention also that FOMC member Evans gave his comments yesterday hinting on the probability of four Interest Rates hike in 2017.

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

There is 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.

GBPUSD



The currency pair was close to the MA55 balance line during the European session and there was an opportunity to open long trades from there. The price then reversed upwards and went for 250 pips offering an opportunity to protect trades placing stop losses at breakeven level. Anyway, there is currently no clear tendency and we advise to avoid trading and watch for opportunities.

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

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

AUDUSD



The currency pair offered no opportunity to open long trades according to recommendations as the price failed to reach the MA55 balance line. AUD/USD is close to the balance line today but the current pattern does not indicates on the probability of further growth. We advise to do nothing today.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is 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 short trades according to our recommendations. Those positions were closed by stop loss. There is no tendency currently and it is better to avoid trading today.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency air declined last week due to the USD’s weakness. We think it is going to develop its downside tendency in the next couple of days.

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


Gold and Silver Technical Outlook March 21, 2017

GOLD (XAUUSD)



Gold approached the MA55 balance line yesterday and there was an opportunity to buy according to our recommendations. The price was in a profit zone allowing to protect the trades. There is no tendency currently and it is better to avoid trading at the moment.

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

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

SILVER (XAGUSD)



Silver reached the MA55 balance line yesterday and there was an opportunity to open long trades according to our recommendations. However, there was almost no further growth and it was better to close positions with small profit.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no further decline last week as market participants were disappointed by the Federal Open Market Committee members’ comments. We think that there is a probability of some growth in the next couple of days.

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

Technical Outlook March 22, 2017

EURUSD



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

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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook March 22. 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook March 23, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook March 23, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook March 24, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook March 24, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook March 27, 2017

EURUSD



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

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

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

GBPUSD



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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook March, 27, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook March 28, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook March 28, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook March 29, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook March 29, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook March 30, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook March 30, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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