Thread: Adamant Finance - Daily Analysis

Technical Outlook December 8, 2016




EUR/USD





The currency pair attempts to grow on odds that European central Bank is going to close its QE programme on Spring. The ECB Steering Committee meeting is to take place today. We think that there is a probability of some important steps to be taken today. Anyway market players still believe in better days for EUR and this give some support to the currency pair. We expect the European Central Bank to hint on the probability of QE prolongation.

The currency pair is in the Downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth last week and after the release of the results of Italian Referendum, EUR/USD is unlikely to reach 1,08500. We think that the currency pair is going to decline 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 give no recommendations for today as it is better to wait for the results of the ECB meeting before taking any decisions. However, we think there will be some opportunities to sell in the nearest future.



GBP/USD





The currency pair failed to reach the MA55 balance line and there was no opportunity to open short trades as the price was far from the area. You could sell at current prices but risks were too high. The currency pair goes towards the balance line and we think there will be some opportunities to open short trades during the day.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD failed to reach 1,28000 level last week but it is still able to reach 1,28500 and then to go downwards according to our expectations.

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 curve.



AUD/USD





The currency pair failed to continue its decline. If you had an opportunity to open short trades, you could have small losses. We think that the market reaction was weak as investors underestimate the influence of weak Australian GDP data. We also think that market participants still needs some other confirmations in order to extend the currency pair’s decline. It is better to avoid trading at the moment as the situation is unclear.

The currency pair is in the neutral trend on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside correction but we think that it is going to decline towards 0,71800.

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 take no decisions at the moment as the situation is unclear.



USD/CHF





The currency pair made a sharp downside burst as we have expected as the uptrend is still unstable. Long trades were too risky, as we have noticed yesterday. USD/CHF is in the neutral positions again and we advise to monitor charts. If you want to open trades in the beginning of a new tendency, you may try to buy with high risks. Place stop losses below the low of the week.

The currency pair is in the uptrend on the Weekly chart as the price is fluctuating above the Ma55 balance line. USD/CHF failed to decline below the trendline on the Weekly chart and we expect the currency pair to grow towards 1,03000.

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






Gold and Silver Technical Outlook December 8, 2016




GOLD (XAU/USD)





Our expectations were wrong as we have made a mistake determining the direction. Price consolidation in the 11,64-74,00 area was nothing but long trades accumulation. There is the uptrend today and we advise to open long trades only. We think that the distribution is still on the way and there is an opportunity to enter the market to get profit.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. USD growth press on Gold. We think that XAU/USD is able to grow after the results of the Italian Referendum.

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



SILVER (XAG/USD)





Short trades failed to bring profit as those positions closed by stops with losses. There was a distribution yesterday and you may try to open positions during correction from the MA55 balance line. We think that the price is unlike to establish new highs this week.

There is neutral trend on the Weekly chart as the price is close to the MA55 balance line. The Doji on the Weekly chart reversed the tendency. We think that the price is going to grow faster 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 open long trades from the MA55 balance line targeting 17,07. Place stop losses below the curve.

Technical Outlook December 9, 2016




EUR/USD





The currency pair declined sharply after European Central Bank Head’s comments that the Quantitive Easing programme will be extended until the end of 2017. ECB’s monetary policy will be “easy” for a year at least. We think that this fact offers some opportunities for Bears. A new trend established yesterday but we give no recommendations as the price is still close to the lower side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth as we have expected and after the Italian Referendum the currency pair is unlikely to go towards 1,08500. We think that the currency pair is going to decline in the nearest future.

The currency pair is in 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.



GBP/USD





The currency pair allowed to sell yesterday. However, those trades closed by stop losses as the price had some upside bursts. There was opportunities to reenter the market as the downtrend resumed but the risks were too high. You could earn some pips in this case. Today we advise to continue to trade according to the trend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to reach 1,28000 but we expect it to reach 1,28500 this week. Then the price is likely to decline.

The currency pair is in the downtrend on the Hourly hcart 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 curve.



AUD/USD





The currency pair still holds neutral position but we see some signs of possible decline in the nearest future. However, there is still no clear trend and we advise to avoid trading today. It is probable that there will be no clear tendency this week.

The currency pair is in the neutral position on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside tendency but we expect the currency pair to decline towards 0,71800 this week.

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 take no decisions today as the situation is still unclear.



USD/CHF





The currency pair allowed to open trades in the beginning of its growth but there was a deep correction and those positions were risky. If you opened any trade, you could have losses as they would be closed by stops. However, you could be in the very beginning of the tendency as we have mentioned yesterday. The next best point to open trades is the broken through trendline area.

The currency pair is in the uptrend on the Weekly chart as the price is above the Ma55 balance line. All attempts to decline below the trendline failed and we think that the price is going to rise up to 1,03000.

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






Gold and Silver Technical Outlook December 9, 2016




GOLD (XAU/USD)





The price was close to the MA55 during European Session and there was an opportunity to open long trades according to our recommendations. However, there was no further growth. The price was in the profit area and it was enough to protect trades placing stop losses at breakeven level. USD had some support after the European Central Bank decision. Gold is in the neutral trend at the moment and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. USD growth still press on XAU/USD and our expectations were not fulfilled. We think that Gold is going to restore its positions after the results of the Italian Referendum.

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 situations is unclear.



SILVER (XAG/USD)





Silver get closer to the MA55 balance line at night and there was no reason to open trades. The price was below the MA55 and the trendline today. This situation is suitable for long trades as we still have the uptrend. You may try to buy in case if the price closes above the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Last week’s doji reversed the tendency. We think that the uptrend is going to accelerate 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 long trades from the MA55 balance line. Place stop losses below the curve.

Technical Outlook December 12, 2016




EUR/USD





The currency pair ended last week close to its lows and we think that there is a high probability that EUR/USD is going to continue its downside tendency in the nearest future. The main event for this week is the FOMC meeting and the Interest Rates decision. The US central bank is expected to hike rates but we think that the market reaction will be moderate as this event is already included in price. We give no recommendations today as the price is close to the lower side of the MA-channel.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. EUR/USD reached 1,08500 last week and resumed its downside tendency after a correction. We think that the currency pair is going to decline.

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.



GBP/USD





The currency pair offered an opportunity to sell on Friday and this time those trades were successful as the price entered the profit area for 600 pips. There is a support at 1,25500 which still holds all Bears attacks. We think that the price is able to reach the upper trendline on the Hourly chart. There will be an opportunity to sell from this level as the price may cross 1,25500.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD failed to reach 1,28500 as well as 1,28000. We think that it is going to continue its decline 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 upper trendline. Place stop losses above this line.



AUD/USD





The currency pair is still hesitating to establish a clear trend but it shows more signs of further decline. You may try to place a Sell order at 0,74250. In this case you can catch a downside move if the currency pair bursts downwards in a very fast manner. Place tops losses above the trendline. Stop loss size will be rather big but it is not for long as you may place it at the breakeven level in case if the price is going downwards.

The currency pair is in the neutral trend on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside correction but we think it is going to reverse this week in order to go towards 0,71800.

There is a downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 0,75250. Place stop losses above the trendline.



USD/CHF





The currency pair failed to go back towards the broken through trendline and offered no opportunities to trade according to our recommendations. You may try to open short trades from the MA55 balance line as the upside tendency is likely to continue. There is no important data today and we think that fluctuations will be calm today.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a jump off the trendline on the Weekly chart and we advise to open long trades 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 trendline on the Hourly chart.






Gold and Silver Technical Outlook December 12, 2016




GOLD (XAU/USD)





Gold was in a neutral trend on Friday but during American session it went downwards and established new lows. Those signs indicate the ability of further downside tendency to develop. The price is far from the MA55 balance line and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD continues to go downwards and we think the price is able to reach 1100,00 this month.

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 unsuitable for entering the market.



SILVER (XAG/USD)





Silver offered some opportunities according to our recommendations and the price was in a profit area allowing to move stop losses at breakeven level. However, there was no further growth and those trades brought nothing to you. The trendline was broken through on Friday and the MA-channel changed its direction indicating on the probability of a change in a tendency. We advise to open short trades today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We think that the growth is over and Silver is able to continue its decline 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 balance line or from the trendline on the Hourly chart. Place stop losses above those indicators.

Technical Outlook December 13, 2016




EUR/USD





The currency pair jumped upwards sharply on the eve of the FOMC meeting which is to take place tomorrow. We think that market participants close their USD long positions. It is very important to understand what does FOMC thinks about further Interest Rates hikes in 2017. If there are some hints that Rates will be increased in the nearest future, USD will grow again. We also advise to pay attention to Eurozone ZEW data. However, we don’t think that market reaction to this statistics will be significant.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. EUR/USD reached 1,08500 and resumed its decline after a correction. We think that the currency pair is going to decline 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. The price is far from the balance line and we advise to take no decisions at the moment as the situation is unclear.



GBP/USD





The currency pair went against our expectations and if you had a short positions it closed by stop losses. The trendline on the Hourly chart was broken through and the currency pair is facing a resistance level at 1,27000 at the moment. If GBP/USD crosses this level we expect it to go towards 1,27700 and even higher. We advise to pay attention to UK CPI y/y data. Analysts forecast that this statistics is going to be stronger than previous one.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to reach 1,28500 last week. We think that this week GBP/USD is going to decline.

The currency pair is in the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The price is far from the balance line and we advise to avoid trading today as the situation is unclear.



AUD/USD





The currency pair is going to grow as there are signs of the uptrend on the chart. However, there is still no clear trend and it is better to do nothing. Sell stop order at 0,74250 failed to open and we advise to remove it at the moment. We advise to open no positions as it is not clear whether AUD/USD is going to establish the uptrend or no.

The currency pair is in neutral position on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside correction but we think it is able to reverse towards 0,71800 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 do nothing today as the situation is still unclear.



USD/CHF





The currency pair went downwards to the broken through trendline and there was an opportunity to open long trades according to our recommendations. Those trades are still holding as the price failed to touch stop loss and we think it is better to wait for the growth to resume. There is another option to close your trades if you think that those positions will bring you nothing. It is up to you to decide.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair bounced off the trendline on the Weekly chart and you may try to open long trades this week.

The currency pair establishes a downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold long trades from the MA55 balance line. Place stop losses below the trendline on the Hourly chart.






Gold and Silver Technical Outlook December 13, 2016




GOLD (XAU/USD)





Gold reached the balance line and there is an opportunity to open short trades today. We expect XAU/USD to decline however, you should be prepared for small profit as we think there will be no significant decrease in price. There are also risks that the price is going to grow towards the upper trend line on the Hourly chart. We think that Gold is going to trade with limited dynamics before the FOMC meeting. The results of this meeting will be released on Wednesday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price is pushing down and we think that the price is going to reach 1100,00 this month.

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 loses above this curve.



SILVER (XAG/USD)





Silver offered opportunities to sell before it grew sharply. However, there was a chance to protect your trades at breakeven level. If you opened short trades later, stop losses triggered.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver price grew a little last week but we think that this upside correction is done already and XAG/USD is going to decline.

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 December 14, 2016




EUR/USD





Wednesday, December 14 is very important for traders as today the FOMC is going to take decision about the Interest Rates and may also announce its further outlooks for Fed’s monetary policy in the nearest future. Market dynamics will completely depend on this event. There is also some other important US data which is able to influence fluctuations along with the FOMC meetings.

The currency pair is in the downtrend on the Weekly chart as the price is below the Ma55 balance line. EUR/USD reached 1,08500 area and then resumed its downside tendency which was supported by the results of the Italian Referendum. We think that the currency pair is going to decline 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. The price is close to the balance line but we think that today’s dynamics will depend on fundamental factors. You may place sell stop order from 1,06000. However, there is high risk that the currency pair will touch this level and go higher.



GBP/USD





The currency pair had a positive dynamics yesterday due to better than expected UK CPI data. However, CBP/USD growth was limited as today market participants are waiting for the results of the FOMC meeting. Investors are cautious to take decisions before the release of the results of this important event.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD failed to reach 1,28500 and 1,28000. We think that the currency pair is going to resume its downside tendency 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. The price is close to the balance line. You may try to open long trades from the MA55 but it is better to protect your trades before the FOMC meetings.



AUD/USD





The currency pair is in the uptrend at the moment but this tendency is weak and me be broken today. We expect some sharp fluctuations after the FOMC meetings. You may place a sell-stop order which is to trigger in case if the currency pair goes down sharply.

The currency pair is in the neutral trend on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside dynamics but we expect it to start declining towards 0,71800 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 place a sell stop order at 0,74600.



USD/CHF





The currency pair continued its downside correction and our trades close by stop loss. If you closed your positions yesterday in the morning, your losses would not be significant. Today it is important to pay attention to the FOMC meeting which is to take place during the American session. We expect some sharp fluctuations. You may place a buy stop order to earn on a probable upside momentum.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. USD/CHF bounced off the trendline on the Weekly chart and we think it is better to open long trades 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 place a buy stop order at 1,01500.






Gold and Silver Technical Outlook December 14, 2016




GOLD (XAU/USD)





There was an opportunity to open short trades from the MA55 balance line and to fix some small profit during European trading session. You had a chance to protect your positions or fix trades as dynamics was limited and there was no sense to wait for better results. We advise to pay attention to the FOMC meeting today as we expect some sharp fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD still press down and we think it is probable that the precious metal is going to return to 1100,00 this month.

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 situations is still unclear.



SILVER (XAG/USD)





Silver is fluctuating within an established triangle. We think that today further precious metals’ dynamics becomes clear. FOMC is going to release its monetary policy decision and further outlooks.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price went upwards last week but we think that XAG/USD growth is done and the negative dynamics is going to take pace this week.

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 take no decisions today as the situation is still unclear.

Technical Outlook December 15, 2016




EUR/USD





FOMC decided to hike Interest Rates as we had expected it previously. The main think is that Fed have made forecasts for the upcoming year announcing that Interest Rates may be increased thrice during the next 12 months. If you had placed sell stop order from 1,06000 you could take about 1300 pips as profit. There was no difficulties to fix this profitable position later. Today we advise to take no decisions as there are no clear signals.

The currency pair is in the downtrend on the Weekly chart as the price is below the Ma55 balance line. EUR/USD reached 1,08500 and then resumed its downside tendency. We expect the currency pair to decline this week.

Thee 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 do nothing today as the price is close to the lower side of the Ma-channel and there are no clear signals to open trades.



GBP/USD





The currency pair tried to jump higher before the release of the results of the FOMC meeting allowing to buy from the MA55 balance line. If you opened this trade you could take 400-500 pips as profit or fix position at breakeven level. The currency pair declined right after the release of the FOMC meeting results. We advise to avoid trading as GBP/USD is close to the lower side of the MA-channel.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD failed to reach 1,28500 or even 1,28000 last week. We expect the currency pair to resume its decline 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 do nothing today as the price is close to the lower side of the MA-channel and the situation is still unclear.



AUD/USD





The currency pair declined yesterday after the release of the results of the FOMC meeting. If you had placed a sell stop order at 0,74600, you could earn about 800 pips in the next couple of hours. You may try to open short trades from the MA13. However, the risks are high but you may take some profit.

The currency pair is in the neutral trend on the Weekly chart as the price is close to the MA55 balance line. AUD/USD continues its upside correction but we expect it do decline towards 0,71800 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 0,74300. Place stop loss at 0,74450.



USD/CHF





The currency pair had a considerable growth yesterday right after the release of the FOMC meeting results. If you had placed a buy stop order from 1,01500 you could earn about 1000 pips as profit. We advise to do nothing today as the price is close to the upper side of the MA-channel and there are no signals to pay attention to.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. USD/CHF bounced off the broken through trendline on the Weekly chart and we think it is better to open long trades 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 avoid trading today as the price is close to the upper side of the MA-channel and the situation is unclear.






Gold and Silver Technical Outlook December 15, 2016




GOLD (XAU/USD)





Gold declined sharply after yesterday’s FOMC meeting as Fed decided to raise Interest Rates according to our expectations. However, we think that XAU/USD declined due to the forecasts of further three Interest Rates hikes in 2017. It is clear that Gold is going to have difficulties next year as USD is going to grow even faster. We think that 1100,00 is the next target for XAU/USD.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price continues to push down and we think that there is a probability for gold to reach 1100,00 level this month.

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 price is close to the lower side of the MA-channel and the situation is unclear.



SILVER (XAG/USD)





Silver was trading within a triangle and even crossed its lower side yesterday. We adjusted this pattern but its lower side is weaker and we expect the price to decline in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD went upwards last week. However, we think that this growth is done and Silver is going to 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 take no decisions as the price is close to the lower side of the MA-channel and the situations is unclear.

Technical Outlook December 16, 2016




EUR/USD





The currency pair continued its decline yesterday giving no chances for those who expected some upside correction. It is difficult to open trades at the moment as this correction may happen at any moment and we advise to do nothing today. The current situation remains unchanged from yesterday and we continue to wait until the currency pair goes back towards the balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair reached 1,08500 and then resumed its decline. We expect EUR/USD to go further downwards this week.

The currency pair is in the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the price is close to the lower side of the MA-channel. It is too risky to open trades in this situation.



GBP/USD





The currency pair was far from the balance line and the MA-channel. We think that those fluctuations are abnormal and we advise to avoid trading in this situation. It is better to wait until the price is back to the balance line. We think that this will happen next week. The Bank of England’s Monetary Policy Committee decided to change nothing and this meeting had almost no impact on fluctuations.

The currency pair is in the Downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD failed to reach 1,28500. We expect the currency pair to continue its decline this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the Ma55 balance line. We advise to avoid trading today as the price is close to the lower side of the Ma-channel. It is risky to open trades in this situation because of a high probability of a correction.



AUD/USD





There was no opportunity to open short trades according to our recommendations as the price failed to reach 0,74300. We also recommended opening short trades from the MA13 and you could do it from 0,74200 area. In this case you had a chance to take about 800 pips of profit and risks were low. Today it is better to do nothing as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continues its upside dynamics but we think that AUD/USD is going to decline towards 0,71800 this week.

The currency pair is in the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the price is close to the lower side of the MA-channel. It is risky to open trades because of a probability of a correction.



USD/CHF





The currency pair offered an opportunity to open long trades from the MA13 but we try to avoid to trade according to this tactics as we are confident of our expectations. We still wait for the price to go towards the balance line and we think this will happen next week. It is better to do nothing today as the situations is unclear.

The currency pair is in the uptrend on the Weekly chart as the price is fluctuating above the MA55 balance line. The price bounced off the broken through trendline on the Weekly chart and we advise to look for long trades 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 avoid trading today as the price is close to the upper side of the MA-channel. It is risky to trade as there is a probability of a correction.






Gold and Silver Technical Outlook December 16, 2016




GOLD (XAU/USD)





XAU/USD continues to decline after the release of the FOMC meeting results. The precious metal even failed to reach the balance line and we advise to avoid trading for this reason. The price is even unable to reach the MA13. Short trades could bring you profit but they are too risky in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD continues to go downwards and we think that Gold is able to reach 1100,00 this month.

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



SILVER (XAG/USD)





Silver crossed the triangle and moved further downwards. However, we give no recommendations as the price is out of the MA-channel range. This situation is unfavorable for trading as the price is far from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD went upwards influenced by a Doji, but we think that the correction is done already and a downside dynamics is to take place.

There is the downtrend on the Hourly chart a the MA-channel goes downwards and the price is below the MA55 balance line. We advise to do nothing as the price is below the lower side of the MA-channel.

Technical Outlook December 19, 2016




EUR/USD





The currency pair went back to the balance line and reached it on Friday but there are no signs of further direction still. We think that the price is able to go further upwards towards the trend line on the Hourly chart. The correction in this case will be deeper. However, the MA-channel still neutral and we do not advise to open long trades. We are on the eve of Christmas and we think that trading volumes will be lower by the end of the next five days.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued to decline last week according to our expectations as Fed decided to hike Interest Rates and announced three Rates hikes in the next 12 months. We think that EUR/USD is going to decline this week again after a correction.

The currency pair is in 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 at the moment as the situation is still unclear. The upside correction is able to extend.



GBP/USD





The currency pair shows some signs of further growth. This upside correction is able to be even deeper but in this case, the price is to cross the trend line and we think that GBP/USD may probably reach 1,26000. There is no important data or events today. We think that the correction is going to continue today. It is to say that we are on the eve of Christmas and we expect the volume to decline by the end of the next five days.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards according to our expectations. We think that the price is going to decline after some correction 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 take no decisions today as the situations is unclear and the correction may be deeper than expected.



AUD/USD





The situation remains unchanged as the currency pair is fluctuating close to the lower side of the MA-channel and we give no recommendations today. It is better to wait until AUD/USD is back to the balance line and shows signs of further decline. RBA meeting minutes are to be released tomorrow in the morning. This data is able to influence fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We think that the price is able to reach 0,71800 in the next couple of days.

The currency pair is in the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the price is close to the lower side of the MA-channel. The risks of correction are too high.



USD/CHF





The currency pair reached the balance line on Friday and bounced off it at 350 pips. There was no signs of growth today in the morning and we think that correction may be even deeper. We expect the currency pair to decline towards 1,02000. There is no important data today and we think that the fluctuations will be determined by technical analysis.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. USD/CHF had some growth from the broken through trendline. We expect the growth to continue after some correction.

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






Gold and Silver Technical Outlook December 19, 2016




GOLD (XAU/USD)





XAU/USD went back towards the balance line and bounced off it. However, the price crossed the balance line and we think there is a probability of a deeper correction towards 1150,00. It is also to mention that we are on the eve of Christmas and the volume may decline by the end of the week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price failed to reach 1100,00 but it was close to the target. We think that XAU/USD is going to touch this level this week.

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



SILVER (XAG/USD)





Silver declined considerably on Thursday and is still far from the balance line. However, we advise to wait until the price is back to the broken through trendline on the Hourly chart. In order to open short trades, wait until the price bounces off the trendline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The negative dynamics resumed last week according to our expectations. We think Silver is able to continue its decline after a sort of a correction.

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

Technical Outlook December 20, 2016




EUR/USD





The currency pair is in flat and is trading around the balance line. The MA-channel is in the neutral position which is also a sign of uncertainty. Yesterday’s German Ifo Business Climate was better than forecasted but this data had no influence on quotes. There is no important statistics today and the currency pair is likely to be trading within a range. We expected it to go towards the trendline but EUR/USD is still far from it.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. EUR/USD continued its decline last week according to our expectations. We think that EUR/USD is going to decline again after some correction.

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 do nothing today as the situation remains unclear.



GBP/USD





The broken through trendline played a role of a resistance and the price bounced off it establishing new December lows. It seems that the currency pair is going to continue its downside dynamics without any correction. There is no important data today to follow. You may try to open short trades from the MA55 balance line area.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined according to our expectations. We think that GBP/USD is going to continue its decline this week after some upside correction.

The currency pair is in 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 at will.



AUD/USD





Last Reserve Bank of Australia meeting minutes had almost no impact on fluctuations as there was nothing new in RBA members’ comments. The currency pair declines gradually and is unable to correct towards the balance line. There is no opportunity to open trades. The price is moving towards 0,71800.

The currency pair is in neutral trend on the Weekly chart as the price is close to the MA55 balance line. We think that the price is able to reach the target at 0,71800 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 do nothing today as the price is far from the MA55 balance line. There are risks of a correction.



USD/CHF





The currency pair declined to 1,02200 but failed to reach 1,02000. We think that there is a probability of another burst towards 1,02000 and then we expect USD/CHF to start upside tendency. However, we advise to avoid hasty decisions as the MA-channel reversed and there is a probability of further decline as the correction may be deeper than we had expected it previously. You may try short positions as the trend looks downwards and the price is close to the balance line. If you decide to sell, targets should be close to the strike price.

There is the downtrend on the Weekly chart as the price is fluctuating above the MA55 balance line. The currency pair had growth from the trendline and we think there is a probability of further growth after a correction.

The currency pair is in 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 curve.






Gold and Silver Technical Outlook December 20, 2016




GOLD (XAU/USD)





Gold is trading in flat as there are no drivers for further moves. Market participants prepare for holidays and they are fixing their positions gradually. However, we still expect some fluctuations this week. We still think that a deep correction is possible. We expect that after this correction the currency pair is going to decline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price failed to reach 1100,00 and we think it may reach this level during the 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 avoid trading as the correction is still on the way. It is better to trade after this correction ends.



SILVER (XAG/USD)





Silver reached the balance line today and the MA-channel is ready to reverse. We advise to wait until the price touches 16,50 and then to open short trades. It is still far from the current price but the current tendency looks downwards and we advise to avoid trading.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We have seen negative dynamics last week according to our expectations. We think that Silver is able to decline after some upside correction.

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 and look for the correction to end.

Technical Outlook December 20, 2016




EUR/USD





The currency pair is in flat and is trading around the balance line. The MA-channel is in the neutral position which is also a sign of uncertainty. Yesterday’s German Ifo Business Climate was better than forecasted but this data had no influence on quotes. There is no important statistics today and the currency pair is likely to be trading within a range. We expected it to go towards the trendline but EUR/USD is still far from it.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. EUR/USD continued its decline last week according to our expectations. We think that EUR/USD is going to decline again after some correction.

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 do nothing today as the situation remains unclear.



GBP/USD





The broken through trendline played a role of a resistance and the price bounced off it establishing new December lows. It seems that the currency pair is going to continue its downside dynamics without any correction. There is no important data today to follow. You may try to open short trades from the MA55 balance line area.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined according to our expectations. We think that GBP/USD is going to continue its decline this week after some upside correction.

The currency pair is in 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 at will.



AUD/USD





Last Reserve Bank of Australia meeting minutes had almost no impact on fluctuations as there was nothing new in RBA members’ comments. The currency pair declines gradually and is unable to correct towards the balance line. There is no opportunity to open trades. The price is moving towards 0,71800.

The currency pair is in neutral trend on the Weekly chart as the price is close to the MA55 balance line. We think that the price is able to reach the target at 0,71800 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 do nothing today as the price is far from the MA55 balance line. There are risks of a correction.



USD/CHF





The currency pair declined to 1,02200 but failed to reach 1,02000. We think that there is a probability of another burst towards 1,02000 and then we expect USD/CHF to start upside tendency. However, we advise to avoid hasty decisions as the MA-channel reversed and there is a probability of further decline as the correction may be deeper than we had expected it previously. You may try short positions as the trend looks downwards and the price is close to the balance line. If you decide to sell, targets should be close to the strike price.

There is the downtrend on the Weekly chart as the price is fluctuating above the MA55 balance line. The currency pair had growth from the trendline and we think there is a probability of further growth after a correction.

The currency pair is in 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 curve.






Gold and Silver Technical Outlook December 20, 2016




GOLD (XAU/USD)





Gold is trading in flat as there are no drivers for further moves. Market participants prepare for holidays and they are fixing their positions gradually. However, we still expect some fluctuations this week. We still think that a deep correction is possible. We expect that after this correction the currency pair is going to decline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price failed to reach 1100,00 and we think it may reach this level during the 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 avoid trading as the correction is still on the way. It is better to trade after this correction ends.



SILVER (XAG/USD)





Silver reached the balance line today and the MA-channel is ready to reverse. We advise to wait until the price touches 16,50 and then to open short trades. It is still far from the current price but the current tendency looks downwards and we advise to avoid trading.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We have seen negative dynamics last week according to our expectations. We think that Silver is able to decline after some upside correction.

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 and look for the correction to end.