Thread: Adamant Finance - Daily Analysis

Technical Outlook June 23, 2017

EURUSD



The currency pair continued to be trading within a limited range. The lack of statistics and events this week prevents the currency pair from developing any tendency. There are several releases today including Euro zone and US PMI’s. We hope this statistics is able to give some volatility to fluctuations.

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 EUR/USD is likely to develop its decline in the next couple of days.

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

GBPUSD



The currency pair offered an opportunity to open short trades from 1,26750-1,26800. There was almost no further decline, but the price was in the profit area for 200pips. It was enough to protect your positions by moving stop losses at breakeven level. There is no important data from the United Kingdom today and we advise to pay attention to the US data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading at current levels last week because of the UK data and events. We think that GBP/USD is likely to decline 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 failed to reach the MA55 balance line again, offering no opportunities to open short trades. However, AUD/USD continued to decline according to our expectations without establishing new lows. We think that this situation clearly indicates on the probability of the tendency to reverse. This is likely to happen today.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. The currency pair developed its growth last week frustrating our expectations. We think that AUD/USD is likely to continue its growth in the next couple of days.

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

USDCHF



The currency pair continued to be trading within a limited range with some downside bias. There is the downtrend currently, but is it still too weak and we advise to do nothing today.

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

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


Gold and Silver Technical Outlook June 23, 2017

GOLD (XAUUSD)



Gold has changed already its tendency. However, this situation looks like it is a correction to a downside tendency. There is no clear uptrend on the chart. We think that Gold is likely to develop its decline today. Anyway, we recommend doing nothing today as there is no clear tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its downside dynamics last week according to our expectations. We think XAU/USD is likely to develop the 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)



There is the downtrend on the Weekly chart as the [price is below the MA55 balance line. Silver had a downside tendency last week according to our expectations. We think it is going to develop its decline 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 a void trading today as the situation is unclear.

Technical Outlook June 26, 2017

EURUSD



The currency pair had some moderate growth on Friday as some Federal Open Market Committee members have doubts that it is a good time to continue hiking Interest Rates. Some FOMC members believe that it is better to wait and postpone further monetary policy tightening. However, those opinions may change as they are influenced by the US economic data, which is supposed to be better in the next following months. As for the Euro zone, we advise to pay attention to the CPI data, which is expected to be worse than the previous meaning. Those expectations may push the currency pair downwards.

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, but then EUR/USD gained back its positions. We think that the currency pair is likely to decline in the next couple of days.

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

GBPUSD



The currency pair was trading within a limited range on Friday after some growth during the Asian session. There is an upside tendency at the moment, but we have doubts that this trend has some room to develop. We give no recommendations today and prefer to do nothing, as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations, but then gained back its positions by Friday’s night. We think that GBP/USD 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 unclear.

AUDUSD



The currency pair reversed on Friday, but there is still no tendency on the chart. AUD/USD is trying to grow as the market participants expect the Reserve Bank of Australia to hike rate in the nearest future. This could happen even during the latest RBA meeting, but some data prevented the Reserve Bank of Australia from doing this step. We think that AUD/USD is likely to develop its growth in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction last week frustrating our growth expectations. We think that AUD/USD is likely 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 above the MA55 balance line. We advise to avoid trading today, as the situation is unclear.

USDCHF



The currency pair declined establishing a downside tendency. However, this trend slows down and we think there is a probability of a reverse. We recommend monitoring the price fluctuations today and doing nothing. We expect the currency pair to grow in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair frustrated our growth expectations. We think it is going to grow in the next couple of days.

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


Gold and Silver Technical Outlook June 26, 2017

GOLD (XAUUSD)



Gold continued its growth on Friday. However, there is the trend line on the way and we think Gold is likely to bounce off it. We advise to monitor the situation today. However, we think it is time to look for short trades from the trend line with stop losses above this indicator.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its downside dynamics last week according to our expectations. However, XAU/USD gained back its positions by the end of the week. We think Gold is likely to resume its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver is approaching the trend line and we think it is going to bounce off it. We think it is better to do nothing today as Silver has less chances to give profit in this situation. However, we advise to monitor Silver’s fluctuations close to the trend line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside dynamics last week according to our expectations, but the price went back by Friday. We think that XAG/USD is likely to resume 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 unclear.

Technical Outlook June 27, 2017

EURUSD



The currency pair established new highs and then returned to its previous positions. There was a classic fakey, executed by EUR/USD. Our expectations come true as the currency pair is likely to change its direction. There is still the uptrend, but EUR/USD is able to reverse today if the price is going to develop its decline below 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 expectations, but then went upwards by the end of the week. We think EUR/USD 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 close to the MA55 balance line. We advise to open short trades from 1,2000. Place stop losses at 1,2150. Pay attention to the fact that this trade is of high risk as you are going to open positions in the opposite direction of the current market tendency.

GBPUSD



The currency pair shows intentions to cross 1,27100 level. If it happens, GBP/USD will change its tendency finally. You can try short trades with small volumes today as there is a high probability of this trend to change. However, remember that you are going to open positions into the opposite direction of the current tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations, but then went back by the end of the week. We think GBP/USD is likely to resume 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 close to the MA55 balance line. We advise to open short trades from 1,27200/300. Place stop losses at 1,27500. Those trades are of high risks.

AUDUSD



The currency pair is in the uptrend at the moment and we think it is good time for long trades. It has established new highs during the Asian session. If there is any opportunity, we advise to open trades from the MA55 balance line aiming 0,76200/300 area.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is 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 tries to reverse its current tendency but it is still in neutral position. You can try long trades but they will be risky. If there is an opportunity, buy from the MA55 balance line. It is better to open trades before the American session.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair frustrated our growth expectations last week. We think that USD/CHF is likely to develop its growth in the next couple of days.

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


Gold and Silver Technical Outlook June 27, 2017

GOLD (XAUUSD)



Gold declined considerably yesterday as there was a mistake, which provoked a short term downside tendency. However, we think that XAU/USD was likely to decline anyway from higher levels. There is the downtrend currently and we think it is a good idea to look for short trades from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its downside dynamics last week according to our expectations, but then went back in the upper direction. We think Gold 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 open short trades from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver declined yesterday following Gold. However, there is still no change in tendency. You can try short trades but those positions will be risky as there is no new trend established.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations but then went upwards by the end of the week. We think that XAG/USD is likely 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 open short trades from the MA55 balance line. Place stop losses above the indicator.

Technical Outlook June 28, 2017

EURUSD



The currency pair had a sharp growth yesterday after the European Central Bank Head’s comments that were unexpected for the market participants. Mario Draghi said that the ECB is going to cut stimulus step-by-step as the economic situation in the Euro zone becomes better. Market participants expect the European Central Bank to announce future monetary policy tightening in September or October. Those news lead to a considerable EUR/USD growth. As for short trades, they were closed by small stop losses. We have noticed yesterday that it was risky to sell.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair decline last week according to our expectations, but gained back its positions by the end of the last week. We think that EUR/USD 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 unclear.

GBPUSD



The currency pair was influenced by the falling USD after the ECB Head’s comments yesterday. Risky short trades were closed by small stop losses. We think that GBP/USD is likely to develop its growth today as USD continues to decline. The currency pair failed to break through 1,27100 level and the upside tendency resumed.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations, but then went back by the end of Friday. We think GBP/USD 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 open long trades from the MA55 balance line. Place stop losses below the indicator.

AUDUSD



The currency pair offered opportunity to open trades from the MA55 balance line by the end of the American Session. We do not recommend trading in those conditions, but if you opened positions, you may fix your profit partially and to place stop losses at breakeven level.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction last week frustrating our growth expectations. We think it 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 hold long trades from the MA55 balance line aiming 0,76200.

USDCHF



The currency pair declined sharply after the ECB president’s comments on the probabilities of future monetary policy tightening. Risky long trades closed by small stop losses. The currency pair is now close to the lower side of the MA-channel and we give no recommendations today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week according to our expectations. We think that USD/CHF is likely to resume 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.


Gold and Silver Technical Outlook June 28, 2017

GOLD (XAUUSD)



Gold had some growth on Tuesday because of USD’s decline after Mario Draghi comments on future monetary policy tightening. ECB Head said that his organization is going to cut stimulus while there will be clear signs of economic situation improvement. Market participants expect the ECB to announce next cut step during their September or October meetings. Short trades closed with small stop losses. We think it is time to look for short trades from the trend line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations, but then went upwards by the end of the week. We think Gold is likely to resume its 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 above the MA55 balance line. We advise to open short trades from the trend line. Place stop losses above the line.

SILVER (XAGUSD)



Silver offered opportunities to sell according to our recommendations, but those trades closed by small stop losses. XAG/USD broke through the trend line on the Hourly chart. Silver is likely to continue its growth but this situation is disputable.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside dynamics last week according to our expectations, but then it reversed by Friday. We think XAG/USD is likely to resume its decline 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.

Technical Outlook June 29, 2017

EURUSD



The currency pair continued its growth yesterday after the Bank of England Head’s comments on the probability of the monetary policy tightening. We would like to remind you that previously the Head of the European Central Bank had also announced the probability of the monetary policy tightening. Market participants increased their activity and we expect for new trends.

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 but then it moved upwards by Friday. We think that EUR/USD 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 as the price is beyond the boundaries of the MA-channel.

GBPUSD



The currency pair failed to offer trading opportunities as the price did not approach the MA55 balance line, resuming the sharp growth. The Head of the Bank of England announced yesterday the probability of the monetary policy tightening. It is to mention that previously the BoA head had opposite rhetoric. Market participants enjoyed those news by pushing EUR/USD and GBP/USD higher.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined according to our expectations last week, but then moved upwards by Friday. We think that GBP/USD 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 price is beyond the borders of the MA-channel.

AUDUSD



AUD/USD closed long trades at breakeven level. The currency pair declined towards the MA55 balance line. We gave no recommendations as there was some opened trades already. However, there is still the uptrend and this tendency accelerates. We think it is time to look for long trades again.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a downside correction last week frustrating our growth expectations. We think AUD/USD is likely to resume 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 the MA55 balance line. Place stop losses below the indicator.

USDCHF



The currency pair was trading almost without changes yesterday, but there was some bursts on the Bank of England’s Head comments. USD/CHF continued to decline during the Asian session towards the new lows of the week. European currencies are on demand after the central bank announcements.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think USD/CHF is likely to develop its growth in the next couple of days.

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


Gold and Silver Technical Outlook June 29, 2017

GOLD (XAUUSD)



Gold failed to reach the trend line on the Hourly chart offering no trading opportunities. It is to mention, that XAU/USD was close to the trend line. If you had an opportunity to open trades, you could have some small profit.

European central banks still surprising markets as the Head of the Bank of England announced the probability of the monetary policy tightening right after the same announcement from the Head of the ECB. Those comments gave support to precious metals. We still wait for XAU/USD to bounce off the trend line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its downside dynamics last week according to our expectations, but then Gold returned to its previous positions by Friday. We think this precious metal is going to resume its downside dynamics 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 open short trades from the trend line. Place stop losses above this line. The trades are of high risks.

SILVER (XAGUSD)



Silver is growing as the trend line was crossed. Precious metals are still no so active in their upside tendencies regardless all the events. We think that Silver is likely to decline in the nearest future. The price is likely to grow towards 17,00 today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations but then moved upwards by Friday. We think XAG/USD 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 open long trades from the MA55 balance line. Place stop losses below this indicator.

Technical Outlook June 30, 2017

EURUSD



The currency pair is unfortunately still moving in the same direction not allowing us to open any trades as this tendency is too strong without a single correction. There is important Eurozone inflation data today, which is able to push EUR/USD lower. However, the recent Draghi’s speech provoked a strong upside tendency which is still actual.

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 but then it moved higher by Friday. We think EUR/USD is likely to resume 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 price is way far from the MA55 balance line.

GBPUSD



The currency pair is still in a strong upside tendency after the Bank of England Head’s speech. We expected GBP/USD to resume its decline in the beginning of this week but latest central bank head’s comments reversed the price upwards. Those tendencies are too strong and it is impossible to open trades according to our tactics.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations but then moved upwards by Friday. We think GBP/USD 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 price is far from the MA55 balance line.

AUDUSD



The currency pair failed to offer any opportunity to open long trades as the tendency was getting stronger yesterday and the price was far from the MA55 balance line. We thought that AUD/USD was going to have a moderate growth this week. However, after the ECB and the BOA Head’s speeches, the currency pair accelerated its growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a downside correction last week frustrating our growth expectations. We think that AUD/USD is likely to resume 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 avoid trading today as the situation is unclear.

USDCHF



The currency pair continued its moderate decline after the heads of central banks comments. There was an opportunity to open short trades from the MA55 balance line and you had a chance to take about 300-400 pips. The currency pair is likely to decline today allowing to sell but we would like to tell that there is a probability of a correction by the end of the week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow frustrating our expectations. We think USD/CHF is likely to resume its growth in the next couple of days.

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


Gold and Silver Technical Outlook June 30, 2017

GOLD (XAUUSD)



Gold bounced off the trend line on the Hourly chart allowing us to sell from there. You could have some great profit, if you managed to enter the market. We think that this is not the end yet and this downside tendency is likely to develop. You can hold your short trades and to try finding other from the MA55 balance line. Those new trades would be of high risks as there is no clear tendency yet.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued it downside dynamics last week according to our expectations but then moved upwards by Friday. We think that Gold is likely to resume its downside dynamics in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the Ma55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver declined yesterday and there was an opportunity to open long trades according to our recommendations. However, later those trades closed by stop losses. The price is trying to reverse, but there is still no tendency. We give no recommendations today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside tendency last week according to our expectations, but then the price went upwards by Friday. We think that Silver is likely to resume 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.

Technical Outlook July 3, 2017

EURUSD



The currency pair started its downside correction on Friday and we think it is likely to develop this dynamics in the beginning of this week as there are holidays in the United States tomorrow (The Independence Day). As for Wednesday, there are important US Federal Open Market Committee meeting minutes to be released and the market situation is likely to change. However, the key event of the week is expected on Friday as the US Labor Market data is going to be released this day. The currency pair declined on Friday allowing to open long trades according to the current tendency. We think that EUR/USD is going to decline today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Our downside tendency expectations were frustrated because of the unexpected comments from Mario Draghi. We think that EUR/USD is likely to resume its growth after some correction.

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 at the moment.

GBPUSD



The currency pair declined towards the MA55 balance line on Friday and bounced off it sharply, moving higher for 700pips. There was an opportunity to open long trades. However, GBP/USD is unable to establish new highs and we think it is going to decline today. The tend still looks upwards and it is better to monitor the situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week because of the Head of BoE comments on the probability of monetary policy tightening in the nearest future. We think that GBP/USD is likely to resume its growth in the next couple of days after a correction.

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 approached the MA55 balance line offering opportunities to buy, but the price is trying to establish a correction, which may push AUD/USD even lower. This is the main reason why we advise to avoid trading today. However, the tendency looks upwards and there will be opportunities as far as AUD/USD ends its correction.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week and even moved higher that we thought. We think that AUD/USD is likely to develop its growth in the next couple of days after a correction.

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

USDCHF



The currency pair allowed selling but there was no further decline. However, the price was in the profit area and it was enough to protect your trades. There is no tendency currently and we think it is able to reverse upwards in the beginning of the week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to execute an expected growth. We think USD/CHF is going to decline 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 July 3, 2017

GOLD (XAUUSD)



Gold continued to decline and if you had short trades, you could reach some new profit highs. Precious metals decline is able to continue and we think you can hold your short trades or to look for new ones from the MA55 balance line. There is the downtrend currently and we think it is time to look for short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its 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 this indicator.

SILVER (XAGUSD)



Silver approached the broken through trend line on Friday on the Hourly chart and bounced off it. There is the downtrend currently and we think that the price is likely to cross the trend line on the Weekly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading according to our expectations last week. We think XAG/USD is likely to develop its moderate 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.

Technical Outlook July 4, 2017

EURUSD



The currency pair declined yesterday according to our expectations and changed its tendency. We think that EUR/USD is going to develop its downside trend today and it is good time to look for short trades. Yesterday’s Eurozone data was mixed and gave no support to the currency pair. There is a holiday in the United States today and trading volumes are expected to be low.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. European Central Bank Head’s comments last week supported the currency pair and EUR/USD had some aggressive growth frustrating our decline expectations. We think that EUR/USD is likely to develop its growth after some correction in the next couple of days.

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

GBPUSD



The currency pair changed its tendency according to our expectations. We think it is good time to look for short trades. Yesterday’s UK data was weaker than expected and this data pushes the currency pair downwards. There is much space for the currency pair to decline and we think there are opportunities today to open trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week because of the Bank of England Head’s comments on the probabilities of monetary policy tightening. We think that GBP/USD is likely to resume its growth after a correction 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.

AUDUSD



The currency pair continued to create its correction pattern and reversed the tendency downwards. You can try opening short trades but there I one issue to pay attention to. There is important Reserve Bank of Australia meeting today which may offer some surprises such as the unexpected Interest Rates hike or comments on the probability of the Interest Rates hike in the nearest future. If this happens, there will be no reason for selling AUD/USD.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some growth last week and even overcame all our expectations. We think that AUD/USD is likely to develop its growth after a correction 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, but after the release of the results of the Reserve Bank of Australia Meeting.

USDCHF



The currency pair did an expected growth and reversed its tendency yesterday. It is time to look for long trades. The price is currently far from the MA55 balance line but we think the price is going to reach this indicator today. Nothing can interfere this scenario according to our opinion.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow frustrating our expectations last week. WE think USD/CHF is likely to develop its decline in the next couple of days after some correction.

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.


Gold and Silver Technical Outlook July 4, 2017

GOLD (XAUUSD)



Gold reached its lowest lows for this week and if you have short trades, we advise to close them. There was no opportunity to open new short trades as the price failed to approach to the MA55 balance line. There is a holiday in the United States and the trading volumes are lower than usually.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price’s dynamics was according to our expectations. We think that Gold is likely to develop its moderate 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 price is close to the MA-channel border.

SILVER (XAGUSD)



Silver crossed the trend line on the Weekly chart. We have a pattern that proves that this breakout is not fake. There was no opportunity to sell yesterday, as the price did not reach the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Siler was trading according to our expectations last week. We think that Silver is likely to develop its downside dynamics last 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 price is close to the lower side of the MA-channel.

Technical Outlook July 5, 2017

EURUSD



The currency pair failed to reach the MA55 balance line offering no opportunities to sell. However, EUR/USD is fluctuating towards the MA55 balance line today. There is the downtrend currently and we advise to look for short trades. There is important Eurozone data today (Services PMI and retail Sales). However, those releases are unlikely to change the situation. We advise to pay attention to today’s Federal Open Market Committee meeting minutes, which is to be released during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline frustrating our expectations after the European Central Bank head’s comments. We think that EUR/USD is likely to grow in the next couple of days after a correction.

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

GBPUSD



The currency pair continued to decline yesterday but the price is close to the MA55 balance line. There is important UK Service PMI data today and market participants are expecting this statistics to be worse than previous meaning. There is still some potential for the currency pair to decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week after the Head of Bank of England comments on future monetary policy tightening. We think that GBP/USD is likely to develop its growth after a correction.

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 the indicator.

AUDUSD



The currency pair declined sharply after yesterday’s Reserve Bank of Australia meeting results as this governmental body has neutral position frustrating market expectations. There was no opportunity to open short trades as the price offered no chance to do it. If you opened any position, you could have some profit. The currency pair is moving towards the MA55 balance line and we think there will be opportunities to trade.

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

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

USDCHF



The currency pair offered no opportunities to open long trades according to our recommendations yesterday. The price declined towards the MA55 balance line today. We advise to open long trades from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week. We think USD/CHF is going to develop its decline in the next couple of days after a correction.

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


Gold and Silver Technical Outlook July 5, 2017

GOLD (XAUUSD)



Gold was in correction yesterday as there was low volumes because of the US holidays. The upside correction accelerated during the Asian session today and the price approaches the Ma55 balance line allowing to open short trades. We advise to pay attention to the US Federal Open Market Committee meeting minutes release today. Market participants are expecting FOMC members to make hints on the probability of further monetary policy tightening.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was trading according to our expectations last week. WE think that XAU/USD is likely develop its moderate decline in the next couple of days.

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

SILVER (XAGUSD)



Silver moves towards the MA55 balance line. We think that XAG/USD is going to reach this line today and there will be opportunities to trade. We expect the breakout of the trend line on the Weekly chart to be true.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading according to our expectations last week. We think that XAG/USD is likely to develop its 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. Area. Place stop losses above the indicator.

Technical Outlook July 6, 2017

EURUSD



The currency pair almost reached the MA55 balance line allowing to open short trades according to our recommendations. The price was in the profit area for 500 pips and it was enough to fix trades and protect earnings. The Federal Open Market Committee meeting minutes showed the intention of the Fed to continue its monetary policy tightening and to do another Interest Rates hike this year. Today there is a large volume of the US important data and the European Central Bank’s meeting minutes. We think that the currency pair has reached its lows and here the decline is likely to stop. This is the reason why we recommend avoiding to trade today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week frustrating our expectations after the unexpected ECB Head’s comments. EUR/USD is likely to grow in the next couple of days after a correction.

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

GBPUSD



The currency pair approached the MA55 balance line and offered opportunities to open short trades before the European session today. The price declined for 400 pips allowing you to take profit and to protect the remaining trades. The UK Services PMI data met the market participants expectations but the reaction on this statistics was calm. We think that the currency pair is likely to start to reverse its tendency and we advise to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week frustrating our expectations as the Head of the Bank of England announced the probability of the Interest Rates hike in the nearest future. We think that the currency pair is likely to grow in the next couple of days after a correction.

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

AUDUSD



The currency pair failed to reach the MA55 balance line but it was close to it during the Asian session allowing to open short trades. If you had opened you positions there, your profit could reach about 600 pips for the moment. It is enough to fix your trades. We think that AUD/USD is likely to pause its decline today and we think that sitting on hands is the best tactics for today.

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

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

USDCHF



The currency pair offered opportunities to sell yesterday according to our recommendations in the beginning of the European session. The price was in the profit area for 500 pips and it was enough to fix positions. The currency pair shows some signs of the probability of a reverse and we think it is a good idea to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think it is likely to decline in the next couple of days after a correction.

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


Gold and Silver Technical Outlook July 6, 2017

GOLD (XAUUSD)



Gold Stopped to decline as the tensions between the North Korea and the United States rise again. In case of further escalation, Gold price is likely to grow. There was no opportunity to open short trades yesterday as the price was far from the MA55 balance line. We think that it is better to do nothing today as Gold is likely to change its tendency.

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

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

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and reversed aiming new lows. XAG/USD is close to the MA55 balance line now offering opportunities to sell. You can try to open short trades closer to the balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading according to our expectations last week. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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