Thread: Adamant Finance - Daily Analysis

Technical Outlook October 9, 2017

EURUSD



The currency pair shows some signs of future reverse. The Friday’s US Labor Market data was mixed as the number of new jobs declined significantly but the Unemployment Rate declined as well. The Average Hourly Earnings data showed significant growth and reached 0,5%. This data is strong in a total and USD went upwards. However, market participants decided to sell USD by the end of Friday’s session as the US Non-Farm Employment data was significantly worse than expected. EUR/USD still establishes an upside tendency and we give no recommendations in this situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair is still under the pressure after the events of the last week. Some of the Bank of England’s Monetary Policy Committee members did comments on the probabilities of Interest Rates growth. They said that investors had misinterpreted the words of the Bank of England’s head. Another reason for GBP/USD to decline is a political situation in the United Kingdom as some political forces ask the prime minister to leave her position. We think that GBP/USD is likely to remain under the pressure in the next couple of days.

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 GBP/USD is likely to develop its decline in the nearest future.

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

AUDUSD



The currency pair is still under the pressure. We think that today it becomes clear whether AUD/USD is going to change its tendency or resume its decline. This will depend on USD mostly.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. 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 below the MA55 balance line. WE advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair offers opportunities to buy. You can try to open long trades aiming 700 pips profit from the current price. You will be able to fix profit in this area if everything goes according to our forecasts.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that USD/CHF 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 close to 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 October 9, 2017

GOLD (XAUUSD)



Gold shows the weakness of USD as the Friday’s US Non-Farm Employment Change data was worse than expected and significantly decline as compared to the previous meaning. However, the Average Hourly Earnings and the Unemployment Rate were better than expected. Market participants first pushed Gold downwards and then decided to buy Gold. The speed of fluctuations increased today during the Asian session and there is no opportunity to open trades today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a Doji, which is clearly seen close to the broken through trend line.

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

SILVER (XAGUSD)



Silver has crossed 16,55 level and declined significantly. However later the price went upwards and reached the weekly highs. XAG/USD has crossed the weekly highs today during the Asian Session and we think that Silver is likely to develop its upside tendency in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that Silver 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 avoid trading today as the situation is unclear.

Technical Outlook October 10, 2017

EURUSD



The currency pair fluctuated within a limited range yesterday as it is going to change its tendency in the nearest future. EUR/USD went upwards today during the Asian session as USD continues to decline. We think that the US currency is going to be under the pressure this week. EUR/USD changes its tendency changes its tendency today and it is a good idea to look for long trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/USD is likely to grow in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to buy from the MA13. Place stop losses below the indicator.

GBPUSD



The currency pair went upwards yesterday despite all the factors that may push GBP downwards. There was an opportunity to sell according to our recommendations, but those trades were unsuccessful as stop losses triggered. We advise to pay attention to important UK data today as it may help the currency pair to develop its growth.

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 GBP/USD I 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair has got some additional support during the Asian session due to the Australian data. The NAB index was better than expected as the final reading was stronger than the forecast. We can see that AUD/USD is trying to reverse its tendency, but it is still in the neutral position.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/USD 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 avoid trading today as the situation is unclear.

USDCHF



The currency pair developed its growth yesterday and it was enough to protect trades and fix them partially. USD/CHF failed to reach its target but the price develops a reverse pattern. There is no tendency currently and the currency pair is able to reverse today. We think it is time to look for risky short trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that USD/CHF 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 below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator.


Gold and Silver Technical Outlook October 10, 2017

GOLD (XAUUSD)



Gold established an upside tendency yesterday but the price is far from the MA55 balance line. USD is under the pressure as the tensions between the Northern Korea and the United States grow again. In addition, United States and Turkey stopped to offer visas after Istanbul incident. We think that Gold is likely to develop its growth in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD developed its downside correction last week according to our expectations. We think that Gold is likely to trade Doji on the Weekly chart, which is close to the trend line.

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

SILVER (XAGUSD)



Silver developed its growth during the Asian session. It is hard to open trades as XAG/USD’s growth is aggressive. The price is far from the MA55 balance line. We think that XAG/USD is likely to develop its moderate growth today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. WE think that Silver 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.

Tracking how economic and political indicators can affect the market is the key to trade success. That is why our expert Fundamental Analysis, in addition to Technical Analysis, should be an important part of your trading routine. To gain exclusive access to our fundamental analysis, sign up by joining our FXB Trading broker

Technical Outlook October 11. 2017

EURUSD



The currency pair went upwards yesterday according to our expectations. There was an opportunity to open long trades according to our recommendations from the MA13. There was almost no retrace of price and you could earn about 400-500 pips without any problems. We think that EUR/USD is likely to start a correction towards the MA55 balance line today. As for the important data, pay attention to the Federal Open Market Committee meeting minutes, which are 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 developed its downside correction last week according to our expectations. We think that EUR/USD is likely to develop some 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.

GBPUSD



The currency pair went upwards thanks to the better than expected UK Manufacturing data. The market participants are going to pay attention to today’s Federal Open Market Committee meeting minutes, which are to be released during the American session. We think that GBP/USD is likely to start a correction in the nearest future.

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

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

AUDUSD



The currency pair established an upside tendency yesterday, but it is still too weak and the price is fluctuating within a range now. The currency pair went upwards today, during the Asian session, establishing new weekly highs, but then gave up all positions. We think that this situation indication on the probability of a reverse and today the currency pair is likely to resume its decline.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/USD is likely to grow in the next couple of days.

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

USDCHF



The currency pair offered an opportunity to open short trades according to our recommendations. The price approached the MA55 balance line offering opportunities to sell and then went downwards. Your eventual profit could reach 300-500 pips if you had opened trades. Today market participants are going to pay attention to the US Federal Open Market Committee meeting minutes.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that USD/CHF 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook October 11, 2017

GOLD (XAUUSD)



Gold went upwards according to our expectations. It was difficult to open trades as there was almost no retraces. We expect XAU/USD to make another upside burst and then to reverse its tendency downwards. Gold also may start to decline right now. The market participants are going to pay attention to the Federal Open Market Committee meeting minutes release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a doji, which is close to the trend line.

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

SILVER (XAGUSD)



Silver went upwards yesterday but it was almost impossible to open trades as there was no retraces. Silver develops its upside tendency for three days in a row and is likely to change it today as there is a probability of a correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that XAG/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.

Technical Outlook October 12, 2017EURUSDThe currency pair developed its growth yesterday frustrating our correction expectations. EUR/USD is in the uptrend now and it has already done the growth, we had expected. We think that the currency pair is likely to start a deeper correction today. However, we can not give any recommendations as it is better to avoid selling during the uptrend. As for the yesterday’s Federal Open Market Committee meeting minutes release, opinions were divided on the probability to the Interest Rates hike on December. This fact allowed EUR/USD to develop its upside tendency.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/USD is likely to grow in the next couple of days.There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.GBPUSDThe currency pair had an expected correction yesterday and resumed its growth. There was an opportunity to buy from the MA55 balance line, but we advise to avoid trading due to the release of the Federal Open Market Committee meeting minutes. FOMC members’ opinions were divided allowing GBP/USD to resume its growth. The currency pair develops its uptrend during the Asian session and we think it is likely to reach 1,32650. When the price touches this level, GBP/USD may start a correction. We give no recommendations again.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards according to our expectations. 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.AUDUSDThe currency pair continued to fluctuate within a limited range yesterday. The Federal Open Market Committee meeting minutes were unable to make any changes. The price is going towards the weekly highs today during the Asian session after the better than expected Australian data. However, this upside tendency is still weak and we give no recommendations as it is risky to buy.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/USD is likely to grow in the next couple of days.There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.USDCHFThe currency pair developed its decline yesterday and had almost no changes during the release of the Federal Open Market Committee meeting minutes release. We gave no recommendation as it was risky to open trades on the eve of the FOMC meeting minutes release. In addition, there was no opportunities to sell. There is no large space to decline 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 declined last week according to our expectations. We think that USD/CHF 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.Gold and Silver Technical Outlook October 12, 2017GOLD (XAUUSD)Gold was trading in a small range yesterday as the market participants waited for the Federal Open Market Committee meeting minutes release. The price went a bit upper after the release as the FOMC members’ opinions were divided. Now investors are going to pay much attention to the CPI data. We advise to pay attention to today’s PPI data.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a doji, which is close to the trend line in the next couple of days.There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.SILVER (XAGUSD)Silver failed to decline yesterday frustrating our expectations, but there was no significant growth neither. The current pattern indicates on the probability of this upside tendency to be developed. You can try long trades from the MA55 balance line.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that XAG/USD is likely to resume its growth in the next couple of daysThere 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.

Technical Outlook October 13, 2017

EURUSD



The currency pair started an expected correction yesterday and its future depends on today’s US Consumer Price Index and Retail Sales data. Those releases are the most important for the moment as they are going to influence the Federal Open Market Committee December’s decisions on the Interest Rates. We think that the price is likely to decline towards 1,18000 before the release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/USD is likely to develop some 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.

GBPUSD



The currency pair reached 1,32650 and then reversed sharply according to our expectations. GBP/USD went upwards and reached previous levels then. Those wide range fluctuations were due to the negotiations between the United Kingdom and the European Union on the Brexit issues. This upside tendency is the results of the higher Interest Rates growth odds in Great Britain. Investors think that the Bank of England is likely to hike Rates on November. We give no recommendations for trading at the moment.

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 GBP/USD is likely to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair’s growth becomes stronger and you can look for long trades from the MA55 balance line. However, Today’s US Consumer Price Index and Retail Sales data may change the situation significantly. We think that everything indicates on the probability of further growth. However, if you have any live trades, we advise to protect them before the release of the US data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our 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 avoid trading today as the situation is unclear.

USDCHF



The currency pair started its upside correction yesterday. There is no tendency currently. USD/CHF’s fluctuations depends on the US Consumer Price Index and Retail Sales data today. We think that USD/CHF is likely to remain in the limited range on the eve of those releases.

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

There is the uptrend 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 October 13, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open long trades according to our recommendations from the MA55 balance line. However, XAU/USD slows down its growth and we think Gold is likely to reverse its tendency during the American session after the release of the very important US Consumer Price Index and Retail Sales data. The last influences inflation as well. We think it is a good idea to close long trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside tendency last week according to our recommendations. WE think that XAU/USD is likely to work a doji, which is close to the trend line.

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

SILVER (XAGUSD)



Silver offered an opportunity to open trades according to our recommendations and it is time to protect you trades and to fix positions partially. It is better to do it before the American session as the US Consumer Price Index and Retail Sales data may change the situation crucially. It is better to have small profit than to lose all.

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

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

Technical Outlook October 16, 2017

EURUSD



The currency pair declined on Friday towards 1,18000 before the release of the US Consumer Price Index and Retail sales data. Both of those indicators were disappointing and the price went upwards. Later on Friday EUR/USD went downwards again. The currency pair is trying to change its tendency and the price is below the MA55 balance line. We think that EUR/USD is likely to develop its downside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that EUR/USD is likely 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 open short trades from the MA55 balance line.

GBPUSD



The currency pair aims to grow but has some difficulties to cross the trend line on the Hourly chart. GBP/USD tried to break through this trend line area on Friday, but failed to do it. The Bank of England’s head has told on Friday, that the Interest Rates growth is possible in the next couple of month. This gives additional support to the currency pair and we think GBP/USD is likely to develop its growth in the nearest future.

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 and went upwards. We think that GBP/USD is likely to start a 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 long trades from the MA55 balance line. Place stop losses below the indicator.

AUDUSD



The currency pair failed to offer opportunities to open long trades as it is was far from the MA55 balance line. However, it shad some significant growth after the release of the US Consumer Price Index and Retail Sales data.

We think that AUD/USD is likely to develop its growth on the strong Australian data. There is an important Australian RBA meeting minutes release. We advise to pay attention to the Australian PMI data on Wednesday and Labor Market data on Thursday. All those releases are expected to meet expectations or to be even higher.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week according to our 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 still fluctuates without any clear direction. However, we think that USD/CHF prepares itself to make an upside burst in order to break through the trend line on the Weekly chart. WE think that the currency pair is likely to speed up its growth after this event. However, there is no tendency currently and we advise to do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. WE think that USD/CHF is likely to break through the trend line 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.


Gold and Silver Technical Outlook October 16, 2017

GOLD (XAUUSD)



Gold developed its growth after Friday’s US Consumer Price Index and Retail Sales data. This release disappointed investors and XAU/USD has got additional support. We advised to close long trades as the result may be different. However, now it is a good idea to look for long trades at the end of corrections.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold worked Doji according to our expectations last week. We think that XAU/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.

SILVER (XAGUSD)



Silver developed its growth after the disappointing data on Friday. This data offered opportunities for precious metals to develop their growth. However, we think that Silver needs a correction before its further upside tendency and we think it is going to reach the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/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.

Technical Outlook October 17, 2017

EURUSD



The currency pair approached the MA55 balance line yesterday offering opportunities to sell according to our recommendations. Today we also recommend looking for short trades if the price gets closer to the MA55 balance line. As for the important events, we advise to pay attention to Eurozone Consumer Price Index data as well as to the German ZEW Economic Sentiment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that the currency pair is likely to develop a 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 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 offered an opportunity to buy in the beginning of the European session and the price entered the profit area for 400pips. It was enough to fix positions partially and to protect the rest. WE advise to pay attention to today’s UK Consumer Price Index data, which may become a driver for further fluctuations. There is no tendency currently and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week frustrating our expectations and went upwards. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair has a very active correction and the price is below the MA55 balance line. This cancels temporary the upside tendency. It is better to wait until the price is back above the MA55 balance line at least. If you had opened long trades according to our recommendations, you could have small losses now. Today’s Australian Reserve Bank meeting minutes are likely to give the additional support to AUD/USD.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

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

USDCHF



The currency pair still goes no direction and fluctuates within a tight range. USD/CHF is a shelter now. It shows any tendency in the moments of geopolitical events.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a downside tendency last week according to our expectations. We think that USD/CHF is likely to cross the trend line 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.


Gold and Silver Technical Outlook October 17. 2017

GOLD (XAUUSD)



Gold corrected downwards yesterday, but this correction was deeper than we had expected. Long trades from the MA55 balance line closed by stop loss. There is no tendency currently and we give no recommendations at the moment. We expected the price to resume its upside tendency in the nearest future. European data today is unlikely to have significant impact on fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold worked doji last week according to our recommendations. We think that XAU/USD 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver declined below the MA55 balance line following Gold. If you had opened long trades according to our recommendations, you could have small losses now. We do not think that precious metals are going to develop a downside tendency. However, we think that today everything becomes clear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our recommendations. We think that XAG/USD is likely to develop its moderate 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

Technical Outlook October 18, 2017

EURUSD



The currency pair failed to reach the MA55 balance line unfortunately and there was no opportunities to open trades according to our recommendations. However, EUR/USD went downwards and you were not able to sell even from the MA13. Eurozone data supported this downside tendency as Inflation showed no increase in speed and the ZEW Economic Sentiment Index was worse than expected. We think that today you can try to sell from the MA55 balance line. As for the important events, we advise to pay attention to the European Central Bank members’ comments.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that EUR/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 below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.

GBPUSD



The currency pair declined sharply as the UK Consumer Price Index data met the expectations. This data was a day driver for GBP/USD. The currency pair changed its tendency and it is time to look for short trades now. As for the important data for today, we advise to pay attention to the UK Labor Market and Average Earnings data.

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 and went upwards. We think that GBP/USD is likely to develop a 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 below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator.

AUDUSD



The currency pair failed to go above the MA55 balance line and to restore the upside tendency. The price is below the MA55 balance line and we think that AUD/USD is likely to develop a downside tendency in the nearest future. We advise to look for short positions today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week according to our expectations. 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 positions from the MA55 balance line today. Place stop losses above the indicator.

USDCHF



The currency pair tried to break through the trend line on the Weekly chart. USD/CHF is in the uptrend now and we see no clear attempts to hold this line. We think that the currency pair is likely to cross this trend line today or tomorrow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that USD/CHF is likely to break through the trend line in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to buy from current levels. Place stop losses below the indicator. As for the targets, they will be significant. We advise to open trades now and hold the positions.


Gold and Silver Technical Outlook October 18, 2017

GOLD (XAUUSD)



Gold developed its downside tendency yesterday. The price failed to reach even the MA13. We do not think that the price is able to resume its growth in the nearest future and it is better to look for short trades. In addition, XAU/USD has reversed its tendency. We advise to pay attention to today’s US data as it may have impact on Gold fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD worked a doji last week according to our expectations. We think that XAU/USD is likely to develop some 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 positions from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver developed its downside tendency as well frustrating our expectations. We advise to look for short trades only as this decline may continue in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD is likely 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 open short trades from the MA55 balance line. Place stop losses above the indicator.

Technical Outlook October 19, 2017

EURUSD



The currency pair failed to approach the MA55 balance line offering no opportunities to open short positions. EUR/USD established new weekly lows instead. The currency pair went upwards towards the MA55 balance line afterwards but it was risky to open any position as EUR/USD had a considerable decline previously. The currency pair’s growth is due to weak US data. Investors will pay attention to the next portion of the US data today as there is no important releases in Eurozone. The price crossed the MA55 balance line and resides above the indicator at the moment. We think that EUR/USD is likely to change its tendency in the next couple of days.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that EUR/USD is likely to decline in the next couple of days.

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

GBPUSD



The currency pair fluctuated in both directions due to the mixed UK Labor Market data. However, GBP/USD established new weekly lows and returned back. There is another portion of the UK Retail sales data today. We expect the currency pair to have a significant reaction on this release if it is far from forecasts. The price is above the MA55 balance line and we think GBP/USD is likely to change its tendency.

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 and went upwards. We think that GBP/USD is likely to develop a 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line. There was an opportunity to earn about 300 pips or to protect trades partially. AUD/USD went sharply upwards after the release of the Australian Labor Market data, which was better than expected. There was an opportunity to buy, however, we advise to wait until the uptrend comes into play.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. WE think that AUD/USD 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair has made an attempt to cross the trend line on the Weekly chart but failed to do it. If you had managed to open trades before 0,97880, you could protect your positions already. There are still chances that the currency pair is going to break through the trend line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that USD/CHF is likely to cross the trend line on the Weekly chart 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 0,97760-0,97880 aiming 0,99000.


Gold and Silver Technical Outlook October 19, 2017

GOLD (XAUUSD)



Gold developed its downside tendency and approached the MA13. However, it was hard to open trades in this position and we gave recommendations to sell from the MA55 balance line. The price avoid to reach the MA55 balance line and there was no opportunity to sell. The speed of this downside tendency is rather high and we think XAU/USD is likely to develop its decline today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold worked doji last week according to our expectations. We think that XAU/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 below the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver slows down its decline but fail to reach the MA55 balance line. There are some supports, that are hard to cross and we think XAG/USD is likely to continue to slow down its downside tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our recommendations. We think that XAG/USD is likely 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 sell from the MA55 balance line. Place stop losses above the indicator.