Thread: Adamant Finance - Daily Analysis

Technical Outlook October 14, 2016




EURUSD





EUR/USD is doing a correctional growth at the moment after several days of decline. There was an opportunity to open short trades from the MA55 balance line at 1,10350-390 and the price was in a profit area allowing you to take about 150-200 pips. You could protect your positions by placing stops at breakeven area. However, later the currency pair resumed growing and short trades closed with no profit. We advise to pay attention to an important US data today. If it is better than forecasted, USD may gain some support and the currency pair will resume its downside tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair left previously established range downwards and is probably going to continue its decline this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We give no recommendations as it is Friday and the volumes may be low.



GBPUSD





The currency pair reached the MA55 balance line and there was an opportunity to open short trades from 1,22100-150. The price was in a profit area allowing to protect your trades, placing stops at breakeven. Those stops triggered later. It is to mention, that the MA-channel changed its direction and looks upwards at the moment. The price is staying within Wednesday’s range and there is a probability that the currency pair is going to trade in flat today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no correction and we expect the currency pair to continue its downside tendency this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55. The situation is still unclear as there is no trend at the moment. We advise to take no decision.



AUDUSD





The currency pair failed to decline according to our expectations and reversed upwards menacing to close short trades from 0,76150-200. However, stop losses still remain untouched, the price was close to them. The MA-channel indicates on the probability of reverse in the nearest future. We advise to close positions with low profit as the currency pair reacted on the stronger than expected China data.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. Everything indicated on the sharp decline of the currency pair in the nearest future. The scenario of decline towards 0,71800 is still actual.

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



USDCHF





We have noticed in our yesterday’s review that the currency pair slows down its uptrend. There is a probability of a change in the current tendency today. We advise to try short trades as the volatility was weak this week. We expect the currency pair to increase volatility today.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth and may continue this dynamics this week.

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






Gold and Silver Technical Analysis October 14, 2016




GOLD (XAUUSD)





XAU/USD is trading within a tight range. There is some potential for correctional growth. However, Gold still stays within a range. We give no recommendations as there is no clear trend. There is some important US data today. It may stimulate fluctuations. However, it is very difficult to predict the direction at the moment. It is better to avoid trading.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a breakthrough of the red trendline last week. We expect XAU/USD to correct in the next couple of days.

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



SILVER (XAGUSD)





XAG/USD failed to do an upside correction and the situation remains unchanged. There is a probability that today’s US data is going to increase volatility. The price is close to the trendline on the Weekly chart at the moment and may break it through. In this case we expect the decline to accelerate. However, this scenario is doubtful.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD declined last week according to our expectations. We think that the precious metal is going to do an upside correction this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the Ma55 balance line. We advise to avoid trading until the situation becomes clearer.

Technical Outlook October 17, 2016




EURUSD





The currency pair was in a downtrend on Friday according to our expectations. However, the situation was unclear. EUR/USD established new monthly lows. It is to notice that the main event for this week is the European central Bank meeting, which is to take place on Thursday. There is a probability that the ECB is going to change its current monetary policy in order to avoid lack of bonds. Today we advise to pay attention to the Eurozone CPI y/y data as it also may have some impact on fluctuations. It is also important to pay attention to US CPY data which is to be released tomorrow.

There is still no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair moved downwards last week. We expect the price to go upwards in the next couple of days to form 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 wait until the tendency reverses.



GBPUSD





The currency pair continued to trade within a range of Friday. There is a probability of further decline. Today we may see if the currency pair is ready to continue its downside tendency. You may try short trades with low volumes. There is an important UK CPI y/y data tomorrow. However, it is to notice that GBP/USD had almost no reaction on this data previously.

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 expect it to continue its downside tendency in the nearest future.

The downtrend is in progress 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.



AUDUSD





The currency pair continued to grow on Friday. We gave a recommendation to fix your short trades. The currency pair stays close to the Weekly trend line for too long already. The trendline may be broken through in the nearest future. The downside scenario with targets at 0,71800 is still disputable.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is no sharp decline of the currency pair. There is a probability that downside scenario will be cancelled.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. There was an opportunity to open long trades from the MA55 balance line. If you have missed it, it is better to avoid trading and wait for clearer signals.



USDCHF





The currency pair is trading in a flat as the downside tendency has failed to develop. There was an opportunity to close short trades with no profit. It is probable that this flat tendency is going to dominate this week. We give no recommendations. It is better to wait for a clear trend to open trades.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week and broke our expectations. We expect USD/CHF to be trading with no trend this week.

There is no clear tendency on the Hourly chart as the MA-channel is horizontal as the price is close to the MA55 balance line. It is better to avoid trading at the moment and wait for clearer signals.






Gold and Silver Technical Analysis October 17, 2016




GOLD (XAUUSD)





XAU/USD was trading in both directions on Friday and there was no clear trend established. The price is still within a range and we give no recommendations in this situation. There is a probability that precious metals are going to move downwards this week as there was no upside correction previously. However, it is better to wait for a trend to be established before taking any decision.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upwards correction last week. This fact may indicate on the further downtrend, which is to be developed in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to wait until the situation is clear to take any decision.



SILVER (XAGUSD)





XAG/USD failed to develop downside move even after the US data in Friday, which was better than expected. The downtrend may accelerate if the price breaks through the trendline on the Weekly chart. There is no signs of growth and even a correction is unlikely.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. There was no upside correction. However, if the currency pair breaks through the trend line on the Weekly chart there is a probability that the downtrend is going to continue.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to open short trades from 17,50 area.

Technical Outlook October 18, 2016




EURUSD





The currency pair was in upside correction yesterday and today in the morning the growth accelerated. There are some signs of future change in tendency. There is no reverse at the moment. However, some technical factors indicates this probability in the nearest future. The trendline on the Hourly chart was broken through and the price is growing above the MA55 balance line. It is necessary to wait until the MA-channel reverses upwards. Then you may try to search for signals to open long trades. There is an important US CPI y/y data today. It may have significant impact on fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair was in a downtrend last week. We expect EUR/USD to be in a correction this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is above the MA55. It is better to take no decision at the moment and wait until the tendency to reverse.



GBPUSD





The currency pair move closed to the MA55 balance line during European Session yesterday and there was an opportunity to open short trades according to our recommendations. GBP/USD then went downwards for about 600 pips allowing to take significant profit. The currency pair tries to change its tendency today in the morning as it is higher than the MA55 balance line. There was a breakthrough of the trendline on the Hourly chart indicating the probability of reverse. An important UK CPI y/y data is expected today. The currency pair may finally change its tendency after this data.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and this scenario is likely to continue in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55. We advise to take no decision at the moment and wait for the tendency to reverse.



AUDUSD





The currency pair broke through the trendline and accelerated its growth in the morning. There was a reverse on Friday and yesterday’s fluctuations confirm this tendency. The currency pair tries to cross the trendline on the Hourly chart according to our expectations. It is too risky to open long trades at the moment. It is better to wait until the price corrects.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. There is no sharp decline of the currency pair. The scenario for AUD/USD to decline towards 0,71800 is still under question and may be canceled.

The uptrend is in progress 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 stops at will.



USDCHF





The currency pair is still trading within a range with no signs of trend. However, USD/CHF has crossed the trendline on the Hourly chart. This fact indicates on the probability of further downtrend. However, this downside tendency is still unclear.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week. We expect USD/CHF to be trading with no trend this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decision at the moment as the situation is unclear.






Gold and Silver Technical Analysis October 18, 2016




GOLD (XAUUSD)





XAU/USD is trading within a tight range for the second week in a row. The asset tried to grow today in the morning but it still remains within the range. Today’s US CPI m/m data may have considerable impact on fluctuations. Especially if the final result is better than expected. However, if US CPI releases close to forecasts, there may be no change in the current scenario. The MA-channel is still horizontal and we advise to take no decision in this situation.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. There was no upside correction. There is a probability for the downside tendency to develop this week.

There is no trend on the Hourly chart as the Ma-channel is horizontal and the price is above the MA55 balance line. We advise to wait for clearer signals to take any decision.



SILVER (XAGUSD)





Silver is trying to grow today in the morning. However, those attempts seem to be unstable. If we take a look at the Weekly chart, we may see that the price corrects towards the trendline before further decline. We advise to open trades only after the confirmation of the breakthrough. There was no opportunity to sell yesterday as the price avoid to reach 17,50 area.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no correction. The fact that XAG/USD has broken through the trend line indicates on the probability of acceleration of the downside tendency.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open short trades if price crosses 17,30.

Technical Outlook October 19, 2016




EURUSD





The currency pair was in a downtrend yesterday before the US CPI m/m data. However, right after the release of this data, EUR/USD stopped to decline. US CPI met the forecasts and the Core data was worse than expected. Fed pays more attention to the Core CPI. It is the main reason why market participants stopped to buy USD when they have seen the results of the release. We advise to pay attention to today’s US Building Permits data, which may have some impact on USD. There is a probability that this statistics accompanied by yesterday’s weaker than expected Core CPI data is going to exert pressure on USD.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair moved downwards last week. We expect EUR/USD to have an upside correction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We expect the tendency to change in the nearest future.



GBPUSD





The currency pair finally changed its tendency after yesterday’s UK CPI y/y data. Analysts expected CPI growth to increase to 0,9%. However, final result was even better at 1,0% level. The faster inflation growth is the less chances of further monetary easing by the Bank of England are. In addition Mark Carney, Head of the Bank of England expressed his worries about the faster than expected devaluation of the British Pound.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We expect the same tendency to continue this week. However, the latest UK CPI data may change the situation.

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 1,22300-500 area.



AUDUSD





Investors were cautious yesterday and the currency pair was trading without sharp moves. We expect that AUD/USD is going to continue its growth and there will be no fake breakthrough on the Weekly chart. There are some opportunities to open trades today as the price is getting closer to the MA55 balance line. You may try long trades from the trendline on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is no sharp decline of the currency pair. The downside scenario with target at 0,71800 may be cancelled.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the trendline or from the MA55.



USDCHF





The currency pair continues to trade in flat. The downside tendency that we had seen last week had no sequel. USD/CHF is still unsuitable for trading. It is better to avoid trading as there is no clear trend.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week according to our expectations. We expect the currency pair to be trading with no direction this week.

There is no clear trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decision at the moment as the situation is still unclear.






Gold and Silver Technical Analysis October 19, 2016




GOLD (XAUUSD)





Bulls are trying to begin to dominate the market due to yesterday’s US CPI m/m data which was worse than expected. Common inflation data met forecasts. However, Core CPI data was weaker than expected and even worse than previous figure. Fed pays more attention to the Core CPI data. USd is under pressure. Gold growth is still fragile but there is a probability of this increase to continue.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. An upside correction is still progressing. We expect this tendency to continue 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 or from the trendline. Place stops below it.



SILVER (XAGUSD)





Silver is growing step-by-step. However, the current technical scenario still prevent further growth. The uptrend was established and you may try long trades today. Bulls may have some difficulties, targets for the growth should be close. There was no opportunity to open short trades according to our recommendations as the price failed to reach 17,30.

There is the uptrend on the Weekly chart and the price is above the MA55 balance line. The upside correction becomes stronger and we expect the uptrend to take force this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You may try long trades from the trendline or from the MA55 balance line. Place stops below the curve.

Technical Outlook October 20, 2016




EURUSD





The currency pair was trading in both directions and established new weekly lows as the European Central Bank Meeting is approaching. US data was mixed and gave no support to USD yesterday. We advise to pay attention to the European central Bank Meeting today as it may have a considerable impact on the currency pair. If the ECB leaves rates unchanged, pay attention to Mario Draghi comments as they may also be crucial for the fluctuations. Investors expect the ECB to hold current monetary course and make no changes or adjustments.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. EUR/USD had a considerable downtrend last week. We expect the currency pair to have an upside correction in the next couple of days.

The downtrend is in progress 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 curve.



GBPUSD





The currency pair was trading in both directions because of the mixed UK and US data. Claimant Count Change declined to 0,7K. However, previous figures were revised towards 7,1K, which is worse than expected. There was no opportunity to open long trade from 1,22300-500 as the price failed to reach those levels. There is another portion of important US and UK data today. Those releases may have a considerable impact on GBP/USD. We expect the currency pair to correct towards 1,22000. However, we give no recommendations as this correction goes in the opposite direction of the main trend.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair had a sharp decline last week. We expect GBP/USD to continue its downside tendency through an upside correction (which is probable).

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



AUDUSD





The currency pair approached the trendline on the Hourly chart. There was an opportunity to open long trades according to our recommendations. The price was in a profit area for about 600 pips and it was enough to take some profit. We can state that the currency pair tries to break through the trendline. We expect AUD/USD to have a correction in the nearest future.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no sharp decline of the currency pair. It means that the scenario to reach 0,71800 is under question.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decision at the moment as the situation is still unclear.



USDCHF





The currency pair continues to be trading within a range ignoring all even important releases. It is better to avoid trading USD/CHF as the situation remains unclear. We advise to wait for a trend to be established in order to take further steps.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that there will be no direction in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. It is better to take no decisions at the moment as the situation is still unclear.






Gold and Silver Technical Analysis October 20, 2016




GOLD (XAUUSD)





There was an opportunity to open long trades from the trendline on the Hourly chart yesterday in the morning. The price went into the profit area for more than 12 USD. US data stimulate XAU/USD correction growth. There is another portion of US data today which may continue to give support to Gold.

The uptrend is in progress on the Weekly chart as the price is above the Ma55 balance line. The upside correction takes force and we expect this tendency to develop 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. However, the price is still too far from the buying area and it is better to wait until the situation becomes more suitable for entering the market.



SILVER (XAGUSD)





XAG/USD gave an opportunity to open long trades from the MA55 balance line according to our recommendations yesterday in the afternoon. Silver has some difficulties to continue its growth and we advise to establish close targets. We also recommend fixing all existing trades and to reopen positions today from the MA55 balance line or from the trendline with close stop losses.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction takes force and we expect XAG/USD to develop this tendency in the next couple of days.

The uptrend is in progress 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 and place stops below this support.

Technical Outlook October 21, 2016




EURUSD





The currency pair had a sharp short term momentum after European Central Bank head’s comments. He made hints on the probability of further extension of their bond buying programme. Those comments confused investors for a while. However, the situation stabilised as there are no reasons to end current bond buying programme on March. There are no signaificant changes in the Eurozone economics to undertake such steps. The currency pair declined as investors believe, that the European central bank is going to extend its QE programme. There is no important data in today’s agenda. However, some FOMC members are going to give their comments. There was an opportunity to open short trades after Mario Draghi comments according to our recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined significantly last week. We expect EUR/USD to have an upside correction during this week. However, after the ECB meeting, the currency pair continued to decline.

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



GBPUSD





The currency pair had a change in its tendency after weak UK Retail Sales data and stronger than expected US data. There was a correction towards 1,22000 and we expect it to continue today. We gave no recommendations to trades in the opposite direction of the current trend. However, there is the probability of reverse and we advise to consider short trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and there is a probability that GBP/USD continues this tendency in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. You may try to open short trades from the MA55 balance line or from the trendline on the Hourly chart.



AUDUSD





There was a huge correction yesterday and we expect it to continue today. However, we think that the breakthrough of the trend line on the Weekly chart is done. It may be cancelled only if the price continues to decline aggressively. If this breakthrough is true, the currency pair is going to continue its growth next week.

The uptrend is still in progress on the Weekly chart as the price is above the MA55 balance line. There is no sharp decline of the currency pair and the scenario for AUD/USD to go towards 0,71800 may be cancelled.

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 take no decisions today as the situation is still unclear.



USDCHF





The currency pair has finally left its tight range and went upwards. There is a strong resistance on the Weekly chart but we expect the growth to be limited as it is Friday today. We think that the currency pair may correct towards the Ma55 balance line.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had some growth last week according to our expectations. We expect USD/CHF to have no direction this week.

The uptrend is progressing on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to take no decision today as the situation is still unclear.






Gold and Silver Technical Analysis October 21, 2016




GOLD (XAUUSD)





XAU/USD went downwards and there is a probability that the precious metal is going to change its current tendency as the trend line was broken through along with the MA55 balance line. US data was stronger than expected yesterday and the interest rates hike odds in December increased. Those odds jumped to 74%. We think that it is due to the better than expected US data and FOMC members’ comments. There is a probability that the upside correction is done.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The correction takes force and this upside tendency may continue this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. The MA-channel did not change its direction and we give no recommendations for today.



SILVER (XAGUSD)





Silver offered and opportunity to open long trades. However, those trades ended with a little stop. XAG/USD had changed its tendency and broke through the trend line on the Hourly chart. The MA-channel had also changed its direction and we advise to open short trades.

The uptrend is in progress on the Weekly chart as the price is above the MA55. The upside correction takes force and this tendency is likely to continue 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 open short trades from the MA55. Place stops above the curve.

Technical Outlook October 24, 2016




EURUSD





FOMC member’s comments gave some support to USD on Friday. The currency pair is still under pressure. However, German and French PMI data, which has a positive bias, holds EUR/USD close to the opening level. It is to say, that FOMC members increased Interest Rate hike odds during their Friday’s speeches. Two FOMC members (Dudley and Bullard) are going to give their comments today. Those officials are “hawks” and they may give additional support to USD today in the afternoon. There was no opportunity to open short trades according to our recommendations as the price did not go to the MA55 balance line. We expect the dynamics of fluctuation to copy the last week’s one.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction was short time. We expect the currency pair to continue its downtrend 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 give no recommendations as the price is still too far from the MA55 balance line. It is better to wait until the situation is more stable and clear.



GBPUSD





The currency pair offered an opportunity to open short trades on Friday from the trendline on the Hourly chart. There was an opportunity to take profit as the currency pair went down for some 800 pips. We expect GBP/USD to have a downside bias this week. There is an important manufacturing orders data today. However, this release may have no impact on the currency pair. Today’s MPC member Shafik speech had no influence on fluctuations. However, we advise to pay attention to tomorrows Bank of England head’s speech as it may cover further monetary policy issues.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD was in correction last week. We expect the currency pair to hold this downside bias in the next couple of days.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. There is a kind of a triangle on the Hourly chart and we expect the price to leave it downwards. However, there are some doubts and we give no recommendations.



AUDUSD





The currency pair was in a downtrend for two past days and there is a need in a correction at the moment. We give no recommendations. It is better to avoid trading as the situation is unclear. However, we still believe that the currency pair has enough power to go downwards. It needs some time to implement this scenario.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had made some attempts to grow. However, it declined in the dying moment of the last week. We have no idea what is to happen in the nearest future. However, we believe that there is a probability of further decline towards 0,71800.

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 at the moment.



USDCHF





The currency pair was in a downside correction. However, the decline was short. The price is close to the MA55 balance line and there is an opportunity to search for long trades from this moving average.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair had an upside bias last week. We expect USD/CHF to accelerate its growth in the next couple of days.

The uptrend is in progress 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 stops below the curve.






Gold and Silver Technical Analysis October 24, 2016




GOLD (XAUUSD)





XAU/USD ended last week in a positive area as there was some support from the demand in India and China on the eve of the upcoming holidays. However, USD is also growing and this fact have some negative impact on XAU/USD. Interest Rates hike odds increase. Gold is still within a triangle and may remain inside this pattern for the whole week.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction and we expect it to continue this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. The MA-channel reversed but we think that it does not mean the beginning of the downside tendency. We advise to open short trades from 1270,00 area.



SILVER (XAGUSD)





Silver is trading within a triangle and we expect the asset to go down. You may try to open short trades today. XAG/USD is under pressure as FOMC members’ comments give additional support to USD. However, growing demand from India and China give support to Silver.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction last week. We expect it to continue this week.

Technical Outlook October 25, 2016




EURUSD





Both stronger than expected US Manufacturing PMI data and FOMC members’ comments allowed EUR/USD to go down during American Session confirming that the downtrend is still actual. However, there was no clear tendency yesterday. We expect this dynamics to continue today and we give no recommendations for trading. There is an important data during American session (CB Consumer Confidence). We advise to pay attention to it. However, this data may have no influence on fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction was short and limited. We expect the currency pair to continue to decline in the next couple of days.

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



GBPUSD





The currency pair left a tringle confirming our yesterdays’ hesitations. We thought that after a strong downtrend the price is going to correct and there was an opportunity to start a correction in the beginning of the week. There is no important UK data today. However, we advise to pay attention to Bank of England Head’s Carney speech. The correction is likely to continue during today’s sessions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some correction last week and we expect the price to correct during this week as well.

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 as the situation is still unclear.



AUDUSD





The currency pair is going into a correction phase. There is no clear bias and we give no recommendations. Trend looks downwards. However, the price is doing a correction before it may go further downside. The currency pair is above the MA55 balance line and there is a probability of a reverse.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair made some attempts to grow. However, it declined in the dying moments of the last week. We have no idea how this situation is going to develop. However, the scenario of decline towards 0,71800 is still actual.

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



USDCHF





The long trades from the MA55 area were unsuccessful and short stop losses triggered. The uptrend is slowing down and there is a probability of reverse even today. Anyway, it is better to avoid trading in this situation as there are many question concerning further fluctuations.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued its growth last week. We expect USD/CHF to accelerate its uptrend 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 as the situation is still unclear.






Gold and Silver Technical Analysis October 25, 2016




GOLD (XAUUSD)





XAU/USD made a sharp upside burst but then returned to its previous positions. Strong US data gave some support to USD. Yesterday’s session ended almost on the same level as it started. Short trades from 1270,00 according to our recommendations were unsuccessful. The price is close to the upper side of the triangle. There is a probability that XAU/USD is going to decline today. There is still a probability that the precious metal is going to break through the upper side of the triangle. However, it is still too early to take any decision. If you want to trade today, you may try short positions from the upper side of the triangle. Place stop losses above this line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was an upside correction last week. We expect it to continue this week.

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



SILVER (XAGUSD)





The short trades were unsuccessful as the price broke through the upper side of the triangle. Sell were fixed by stop losses. It is to mention that silver had already changed its tendency. We advise to avoid short trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction is likely to continue 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 open long trades from the MA55 balance lie. Place stops below the curve.

Technical Outlook October 26, 2016




EURUSD





The currency pair established new lows yesterday during the European session. However, US CB Consumer Confidence data was worse than expected and this statistics exert some pressure on USD. The currency pair went back to previous levels. It is to notice that Interest Rates hike odds increased again and reached 78,5%. This fact is going to support USD in the nearest future. There is no important data to follow neither from USA, nor from the Eurozone today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction was short and limited in time. We expect the currency pair to continue its decline this week.

The uptrend is in progress 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-term long trades from the MA55 balance line are. Place stops below the curve.



GBPUSD





The currency pair declined sharply on fears of further easing by the Bank of England regardless the rising inflation. Mark Carney, head of the structure said yesterday, that the Bank of England is going to use all available tools to support inflation growth. However, later it restored partially its positions on worse than expected US CB Consumer Confidence data. We think that automated short trades orders triggered as they did not long ago. The trendline on the Hourly chart was broken through. We think that the downtrend is going to continue.

Bears still dominate on the Weekly chart as the price is below the MA55 balance line. There was a correction last week. We expect the currency pair to continue its decline this week.

The downtrend is in progress 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 trend line. Place stop losses at will.



AUDUSD





The currency pair went upwards on the better than expected Australia CPI data. This data indicates on the fact that the Reserve Bank of Australia is not going to cut Interest Rates lower. The currency pair is able to continue its growth on both technical and fundamental factors. The bias of fluctuations changed and the currency pair looks upwards at the moment.

Bulls are still dominating on the Weekly chart as the price is above the MA55 balance line. The currency pair had made some attempts to grow but it declined in the end of the last week. It is still unclear whether AUD/USD goes upwards or downwards. However, we still think that the currency pair is able to go towards 0,71800.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. There was a good opportunity to open trades from the MA55 balance line today in the morning. It is better to avoid trading at the moment and wait for clear signals.



USDCHF





The currency pair had an attempt to grow. However, the upside burst was short-term. It is to say that Euro had already changed its tendency and we expect USD/CHF to decline in the nearest future. There is still no trend but you may try to put the cart before the horse.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued to grow last week. We expect USD/CHF to accelerate its upside tendency in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses at 150-200 pips from the opening level.






Gold and Silver Technical Analysis October 26, 2016




GOLD (XAUUSD)





XAU/USD broke through the upper side of the triangle although it was almost impossible. There is the uptrend at the moment and you may try to search for long trades. We expect XAU/USD to grow towards 1280,00. Then there is a probability of a correction. There will be an opportunity to open long trades during this correction from the MA55 area.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction took place last week and it may continue in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading at the moment as the price is still far from the Ma55 balance line.



SILVER (XAGUSD)





We advised to buy Silver yesterday. However, the price did not reach the MA55 balance line to open trades. Finally, XAG/USD went upwards but we had no opportunity to enter the market. It is recommended to look for long trades only.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We expect that the upside correction is going to continue this week.

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 wait until the price reaches the MA55 and then try to open short trades.

Technical Outlook October 27, 2016




EURUSD





There was an opportunity to open long trades from the MA55 area yesterday. The currency pair had some growth and allowed to take about 600 pips as profit. Then, the currency pair declined as the US Service PMI data was better than expected. Experts expected this data to be worse than previous one. However, as you may see, Service PMI was even better than expected. There is another set of US data today. We advise to pay attention to the US Durable Goods orders as this statistics may influence further EUR/USD direction for today. Unemployment Claims data is also worth your attention.

There is still no trend on the Weekly chart as the price is close to the MA55 balance line. The upside correction is done already as it was limited in time. We expect the currency pair to continue its decline this week. However, it is important to pay attention to fundamental factors.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. There is a good opportunity to enter the market today. However, everything may change after the US data. In addition, the currency pair is unable to break through the trend line. We advise to avoid trading as the situation is unclear.



GBPUSD





The currency pair offered an opportunity to open short trades from the trend line. However, there was no further decline. The currency pair went down for about 250 pips and it was enough to protect your trades. You had a chance to move stop losses to breakeven area. The situation is still unclear and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Last week was corrective and we expect the currency pair to continue to go down in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to do nothing at the moment as there are some doubts about further situation development.



AUDUSD





The currency pair fails to go upwards. There was another attempt to resume the uptrend but it was unsuccessful. It means that AUD/USD is unable to continue the upside tendency. It is better to consider short trades. The tendency still has no changes but this significant downside move may lead to a break of the uptrend tomorrow.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair made some attempts to grow but it declined in the end of the last week. The situation is still unclear. There is a probability that AUD/USD is going to decline towards 0,71800 in the nearest future.

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 take no decisions at the moment.



USDCHF





The currency pair moved down sharply yesterday and if you had an opportunity to open short trades according to our recommendations, you would have a chance to take some profit. USD/CHF declined to the profit area for about 450 pips. Trend is still neutral and we advise to avoid trading at the moment.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued its growth last week. We expect USD/CHF to accelerate its growth in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decision presently as the situation is still unclear.






Gold and Silver Technical Analysis October 27, 2016




GOLD (XAUUSD)





There was no growth to 1280,00 as the price went on correction. We think that there is more space for Gold to grow. However there are some signs that the current tendency may be changed, especially if the price is going to break through the trend line. If XAU/USD fails to break through the line, there will be an opportunity to open long trades from the MA55 balance line area.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction is still developing and we expect it to continue this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. You may try long trades from the MA55. Place stop below the trendline.



SILVER (XAGUSD)





There was a correction towards the MA55 balance line and you had an opportunity to open long trades. However, the price declined even deeper and triggered stop losses. It is better to open long trades as the price is still higher than the trendline. However, there is no trend at the moment and we advise to avoid trading.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is an upside correction and we expect it to develop in the next couple of days.

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