Thread: Adamant Finance - Daily Analysis

Technical Outlook December 21, 2016




EUR/USD





The currency pair continues its downside dynamics without going back to the trendline. There is a downside tendency at the moment and the price is close to the MA55 balance line. You may try to open short trades from the MA55 but there are risks that EUR/USD is going to grow towards the trendline before it continues the downtrend. There is no important data today.

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

The currency pair is in the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop loss above the curve. In case if EUR/USD grows towards the trendline, you may try to sell from there.



GBP/USD





There was no opportunity to open short trades from the MA55 balance line as the price did no reach this area yesterday. We think that you may try to sell from the MA55 balance line if the price reaches this curve today. There is still a downside tendency. You may try to sell even now as the stop loss will be good enough for this currency pair. Stop loss should be around 300 pips from the current price according to GBP/USD’s volatility.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD declined last week according to our expectations. We think that the currency pair is going to continue its decline after some 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 open short trades from the MA55 balance line. Place stop losses above the curve.



AUD/USD





The currency pair is back to the balance line and you may try to open short positions from the MA55 today. AUD/USD targets 0,71500-800 and we think that it is time to sell aiming those levels. There is no important data today and the currency pair will be trading according to technical analysis.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We think that the currency pair is able to reach 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 the MA55 balance line. Place stop losses above the curve.



USD/CHF





Short trades according to our recommendations failed to bring profit as stop losses triggered. Stop losses were short (about 150-200 pips). However, downside tendency was limited and we think it is time to think about long trades. Current trend is neutral and it is better avoid trading. it is better to wait until the uptrend takes place.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards from the broken through trendline and we think USD/CHF is going to continue to grow after some correction.

The currency pair is in neutral 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 situations is still unclear.







Gold and Silver Technical Outlook December 21, 2016




GOLD (XAU/USD)





Gold continues to be trading in flat. There is no correction towards 1150,00 and we think that market participants are unable to establish any tendency. We suppose that Gold is going to be in a range during the upcoming holidays. There are still chances that XAU/USD is going to move in any direction, but those expectations are weak.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to reach 1100,00 last week but we think that the price is able to go there in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to avoid trading today as there are still no signs of the end of a correction.



SILVER (XAG/USD)





Silver failed to grow towards 16,50 and went downwards. However, this sharp downside momentum was short. There is still no trend and we think it is better to avoid trading at the moment. There is a possibility that the price is going to reach 16,50 in the dying moments of this week.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was negative dynamics last week and we think it is going to continue this week after a correction.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to avoid trading today as there are still no signs of the end of a correction.

Technical Outlook December 22, 2016




EUR/USD





The currency pair increased contrary to our expectations. We think that the upcoming holidays influence fluctuations as market participants are fixing their positions. We expected this situation today or on Friday. However, if you had opened short trades they was closed by stop losses. We do not advise to trades these days, as there is a high probability of unexpected moves.

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

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 situations is unclear and it is risky to open trades.



GBP/USD





There was two opportunities to open short trades yesterday. If you sis it, you could take about 500 pips of profit. The first one you could open in the morning according to our recommendations. The second one when the price reached the MA55 balance line. The currency pair did no established new weekly lows and we think that a correction is possible.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD declined last week as we had previously expected. We think that the currency pair is able to continue its downside tendency after some correction.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to do nothing today as the situation is unclear and it is risky to open trades on the eve of holidays.



AUD/USD





There was an opportunity to open short trades from the MA55 balance line but the eventual profit in this case could be about 200 pips. You could protect your trades by placing stop losses at breakeven level. Market participants have are not willing to push the currency pair lower and we think that AUD/USD will fail to reach 0,71500-71800.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We think that the target at 0,71800 will be reached this week.

The currency pair is in the neutral trend 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 and it is risky to open trades.



USD/CHF





The currency pair has no clear direction and we think there will be no trend until the end of the upcoming holidays. Most of market participant are fixing their trades and this asset is losing liquidity at the moment. There is a probability that today’s US data is going to increase volatility but the chances are low. We give no recommendations anyway.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some growth from the broken through trendline and we think that USD/CHF is able to continue its upside tendency this week.

There is no trend on the Hourly chart as the MA-channel is in the neutral position and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear and it is risky to open positions on the eve of holidays.






Gold and Silver Technical Outlook December 22, 2016




GOLD (XAU/USD)





Gold continues to be trading with no clear direction. There are some signs of further decline but we are not sure XAU/USD is going to decrease in the next couple of days. The upcoming holidays push market participants to fix their positions. Today’s US data is able to increase volatility. However, if it meets expectations we will not see any rally. It is better to sell according to the technical analysis, but there is a probability that bears are fixing their trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to reach 1100,00 but we think it may do it this week.

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 situations is unclear.



SILVER (XAG/USD)





Silver is trading within a range and does no attempts to develop any trend. We see no further dynamics in this situation. It is better to wait until XAG/USD is going to any direction in order to take any further decisions.

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 that Silver is going to decline this week after some correction.

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

Technical Outlook December 23, 2016




EUR/USD





The currency pair’s reaction to the US data was sharp but EUR/USD still remains on its previous positions. There was some upside momentum yesterday but it was limited in time. The currency pair closed yesterday’s session almost at the same level as it opened. This is due to the fact that market participants avoid to take any considerable steps before Christmas. There are long holidays on the way and we think that EUR/USD is going to hold its positions. FX market is not working on Monday.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. EUR/USD continued to decline last week according to our expectations. We think that it is going to decrease this week again after some upside 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. It is risky to open trades on the eve of the Christmas holidays.



GBP/USD





The currency pair continued its decline and it was strange as the other majors was trading in a range. Yesterday’s US data was mostly better than expected but it had almost no influence on quotes as market participants are cautious before holidays. We give no recommendations today. We think that there will be some signs of future fluctuations on Tuesday. However we think that there will be nothing extraordinary and the currency pair is going to be trading within a range.

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 it is going to continue its decline this week after some upside correction.

The currency pair is in the downtrend as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to do nothing today because of the upcoming long holidays.



AUD/USD





The currency pair is able to reach previously established targets at 0,71500-,071800 as it is only 200 pips to touch the aim. However, this downside tendency develops hardly and there are signs of lower than usual trading volumes. Yesterday’s US data was better than expected but it had almost no influence on the currency pair.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We think that 0,71800 will be reached this week.

The currency pair is in the downtrend as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to do nothing today as it is very risky to open trades on the eve of Christmas holidays.



USD/CHF





The currency pair tries to change its neutral tendency into the downtrend. However, those attempts are weak and we still see the same range. There are long holidays on the way and we think that market participants are going to avoid trading. We give no recommendations for today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some growth from the broken through trend line on the Weekly chart last week. We think that the currency pair is going to continue its upside tendency this week after some downside correction.

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





Gold and Silver Technical Outlook December 23, 2016




GOLD (XAU/USD)





Gold remains within the same range despite the fact that US data was better than expected. We think that market participants think about their holidays instead of quotes and try to do nothing on the eve of Christmas. We think that today there will be no significant fluctuations as volumes are lower than usual.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold failed to reach 1100,00 level but we think it is going to do it 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 give no recommendations today as it is risky to trade on low volumes.



SILVER (XAG/USD)





Silver continues its fluctuations within a range and we have no idea about what changes may occur today. Volumes are low and there is lack of traders to create any serious movement. We give no recommendations for today.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. There was a negative dynamics last week according to our expectations. We think that XAG/USD is going to resume it downside tendency after a correction this week.

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 December 26, 2016




EUR/USD





The currency pair was trading within a tight range and closed Friday’s session on the same level almost. The market participants were cautious on the eve of Christmas and the volumes were low. Today the FX market is working as there are banking operations in Asia but most of participants are on holidays and volumes are low. We think that there will be no trading activities until tomorrow.

The currency pair is in the downtrend as the price is below the MA55 balance line. EUR/USD was trading in both directions last Week and closed at the same level as it started on Monday. We think that this week the currency pair is going to decline.

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 volumes are low and it is hard to take any profit.



GBP/USD





The currency pair was trading in both directions on Friday and closed at the same level as started. We think that today’s dynamics is going to be even more modest as most of market participants are on holidays. We advise to do nothing.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined according to our expectations without any correction. We think that GBP/USD will show the same dynamics 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 volumes are low and it is hard to do any profit.



AUD/USD





The currency pair reached the previously established target at 0,71500-71800. We think that there will be no significant fluctuations today and it is better to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair reached its target at 0,71800 last week. We think that there is a high probability of a 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 avoid trading today as the volumes are low and it is hard to catch profit.



USD/CHF





The currency pair is still in the neutral trend and we think that it is going to show the same dynamics today as most of market participants are on holidays and the market liquidity is very low.

There is the uptrend on the Weekly y chart as the price is above the MA55 balance line. There was no further currency pair growth as correction took place. We think that the currency pair is going to show the same dynamics due to holidays.

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 situations is unclear and the volumes are low.

Technical Outlook December 27, 2016




EUR/USD





The market participants were on holidays as you may see it on the chart. Today a part of them is going to be back and to take part in trading for a couple of days. However, we do not expect significant fluctuations as New Year’s holidays are on the way. Volumes are still low as many market participants avoid trading at the moment. There is an important US Consumer Confidence data today but we do not expect it to make any serious changes in the current situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week and closed almost on the same level that it started fluctuations last Monday. We think that the currency pair is going to decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the volumes are still low and it is hard to predict fluctuations today.



GBP/USD





The currency pair had almost no fluctuations as market participants were still on Christmas holidays. We think that market participants are going to be back today but not all of them. UK is still on holidays and we advise to do nothing today. There is no important data from the Great Britain in addition.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD declined according to our expectations last week without any correction. We think that the currency pair is going to continue its negative dynamics this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the volumes are low. It is risky to take any actions on the eve of New Years’ holidays.



AUD/USD





The currency pair is going to increase its volatility after yesterday’s pause. However, we think that most of market participants are still on holidays and there will be lack of volumes to produce any serious moves. It is better to avoid trading and enjoy New Year’s holidays.

The currency pair is in a neutral position as the price is close to the MA55 balance line. AUD/USD reached 0,71800 last week. We think that AUD/USD is going to have an upside correction this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as volumes are still low and it is risky to take any actions during Christmas and New year’s holidays.



USD/CHF





There is still the neutral trend as no side is dominating the market. We think that the currency pair is going to increase its volatility today, but we do not think that there will be any significant moves as volumes are low. However, there is a little probability that surprises may occur if somebody decides to move the price on low volumes.

The currency pair is in the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no further growth of USD/CHF last week as the downside correction started. The currency pair is going to continue this dynamics according to our expectations.

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






Gold and Silver Technical Outlook December 27, 2016




GOLD (XAU/USD)





Gold traders are back after long holidays, but dynamics is still very weak. The main reason for this is the fact that most of market participants are still on holidays. Many of them will not open trades before 2017. We do not expect any significant fluctuations this week. We advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold failed to reach 1100,00 level but we think that it is going to do it 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 avoid trading today as the situation is still unclear and the volumes are very low.



SILVER (XAG/USD)





Silver is trading within a range but as we can see it on the chart, Bears are still dominating. We think that XAG/USD is going to establish new lows from April 2016 this week. However, most of market participants are on holiday at the moment and the volumes are low.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD showed negative dynamics last week and we think that it is going to decline this week.

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

Technical Outlook December 29, 2016




EUR/USD





You had an opportunity yesterday to see how investors can move a currency pair on low volumes. However, the price after some fluctuations returned back today in the morning. This fact says that the investors moved the currency pair intentionally. EUR/USD balance line is at 1,0440 approximately. Most of investors are on holidays this week as we are on the eve of New Year holidays.

Trading volumes are still low and we advise to do nothing today.

The currency pair is in the downtrend on the Weekly chart as the price is below the MA55 balance line. EUR/USD fluctuated in both directions last week but closed Friday’s session almost on the same level as it started on Monday. We think that the currency pair is going to decline 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 avoid trading today as the volumes are still low and it is risky to do something in those conditions.



GBP/USD





Yesterday’s range of fluctuations increased up to 900 pips and the currency pair showed some volatility. However, we do not recommend trading as the volumes are still too low and those who trade at the moment may push the currency pair in any direction.

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 without any correction. We think that GBP/USD is going to continue this dynamics in the next couple of days.

There is no tend 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 and the volumes are low.



AUD/USD





The currency pair extended its fluctuations range yesterday but the price was at the same level by the end of the day. As we have previously mentioned, it is better to do nothing this week and to enjoy the holidays as the volumes are very low.

There is no tend on the Weekly chart as the price is close to the MA55 balance line. The currency pair reached its target at 0,71800 last week. We think that AUD/USD is going to have a correction 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 and the volumes are low.



USD/CHF





The currency pair is getting closer to the trendline and we think it is going to bounce off it in the nearest future. However, there is no trend at the moment and there is no sense to open trades. Most of market players are on holidays and the volumes are low.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no further growth of the currency pair last week as a correction started. We think that USD/CHF is going to continue this dynamics in the next couple of days.

The currency pair is in the neutral 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 volumes are low and the situations is unclear.






Gold and Silver Technical Outlook December 29, 2016




GOLD (XAU/USD)





Gold was lower than the trendline yesterday according to our expectations but today it moved higher. We think that XAU/USD is going to extend its upside tendency and there will be no further decline towards 1125,00. The upside tendency becomes stronger and we think XAU/USD will continue to increase. We advise to do nothing today as there is lack of liquidity.

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 we think XAU/USD is going to reach this level 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 volumes are low and the situation is risky.



SILVER (XAG/USD)





Silver is trying to establish an upside tendency. If it continues to grow above 16,24, there will be an opportunity to extend the upside tendency. However, we think that this level is going to be a strong obstacle. We advise to do nothing today as there is lack of liquidity today.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. There was negative dynamics last week and we think XAG/USD is going to continue 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 and it is too risky to open trades.

Technical Outlook December 30, 2016




EUR/USD





Today is a shorter workday as Europeans are going on weekend earlier than usual. The currency pair did a sharp upside burst due to low volumes. We advise to avoid trading today as there is a probability of unexpected troubles. Volumes will be higher after New Year’s holidays and you will have and opportunity to open trades.

There is the downtrend on the Weekly chart as the price is below the MA5 balance line. The currency pair was trading in both directions last week and closed on Friday at the same level as it started on Monday. We think that EUR/USD is going to decline this week.

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. We advise to avoid trading today as the volumes are low and the situation is unclear. There is a probability of unexpected fluctuations on a low market liquidity.



GBP/USD





The currency pair was trading in both directions yesterday but it went upwards today in the morning. The current trend is neutral a there is no clear direction. We advise to do nothing today as the volumes are low and those who trade at the moment may push the currency pair in any direction.

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 without any correction. We think that this dynamics is going to continue 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 avoid trading today as the situations is unclear and the volumes are low.



AUD/USD





The currency pair is trying to establish an upside tendency but due to low volumes it is impossible to take any opportunity. There are risks that the price is going to sharply increase or decrease today. It is better to do nothing today and enjoy New year’s holidays.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair reached its target at 0,71800 last week. We think that AUD/USD is going to start a correction in the next couple of days.

The currency pair is in the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma5 balance line. We advise to avoid trading today as the volumes are low and the situations is unclear.



USD/CHF





The currency pair broke through the trendline without any resistance which was surprising. We think that it was the influence of low volumes. There were few orders to protect this level. We can see a downside tendency after today’s downside burst but we do not recommend doing anything today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no further growth last week and the currency pair started a correction. We think that this dynamics will be continued after the holidays.

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 and the volumes are too low.






Gold and Silver Technical Outlook December 30, 2016




GOLD (XAUUSD)





XAU/USD continued its growth according to our expectations. We gave no recommendations as risks are still too high. Liquidity is low and there is a probability of surprises. Positions are under correction by the end of the year.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to reach 1100,00 and we think it is going to touch the level 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 situations is unclear and due to the low liquidity.



SILVER (XAGUSD)





Silver fails to grow above 16,24. The uptrend is stable but we think that that market participants will wait until the end of the holidays before taking any further actions. We advise to do nothing today as the liquidity is low.

There is no tend on the Weekly chart as the price is close to the MA55 balance line. Negative dynamics was developing last week and we think that XAG/USD 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. We advise to avoid trading today as the situation is unclear and the liquidity is low.

Technical Outlook January 3, 2017




EUR/USD





Happy New Year to all traders! We think that USD may retreat in the beginning of the year and this tendency is clearly seen currently on the charts. This week is short and the main event is to take place on Friday. US Labor Market data will be released this day. Today we advise to pay attention to German statistics but we don’t expect it to influence seriously fluctuations. The currency pair is in an inconvenient position for trading and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some volatility last week on low volumes. We think that the upside correction is to take place this week.

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



GBP/USD





The currency pair tries to go upwards as we may see it on the charts. We advise to pay attention to today’s UK Manufacturing PMI index as it may have impact on GBP/USD if final figures are not close to the forecasts. You may try to open long trades from the balance line today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. However, the currency pair stopped to slip down and started a correction. We think that GBP/USD is going to grow this week.

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. We advise to open long trades today from the MA55 balance line or even lower. Place stop losses below the trendline on the Hourly chart.



AUD/USD





The currency pair established neutral tendency but there are some signs of further upside trend. AUD/USD is trading in an upside wide range and you may try to open long trades from its lower side. There was such an opportunity yesterday but we gave no recommendations as risks were too high. It is to mention that there is still no trend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went on a correction according to our expectations as it has reached the target at 0,71800. We think that the upside correction is going to continue 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 avoid trading today as the situation is unclear and it is risky to open trades.



USD/CHF





The current situation is strange. The trendline was broken through and there is a probability of further decline. However, there is no tendency on the chart. We give no recommendations today. However we think that the downtrend will resume in the nearest future.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line The currency pair established a resistance at 1,03000 and we think it is going to decline from this level in the nearest future.

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







Gold and Silver Technical Outlook January 3, 2017




GOLD (XAUUSD)





XAU/USD tried to go upwards last week. We think that Interest Rates hike odds are already included in the current price. If those assumptions are right, Gold has an opportunity to grow at least towards 1195,00. However, we do not expect this to happen in the nearest future as this growth will be a part of a correctional wave. This assumption needs proofs. There will be a portion of important US data on Friday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to reach 1100,00 level and we think that Gold is unable to do this in the nearest future. We think that Gold is going to continue its correction 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, Place stop losses below the curve.



SILVER (XAGUSD)





Silver had enough correction to assault 16,24 level in the nearest future. We think that XAG/USD is going to do this tomorrow only and we advise to avoid trading before this moment. It is risky to open trades today as the price had a considerable growth in the past couple of hours.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Last week closed higher and we think it is time for a correction to take place. We think that this correctional grow will continue this week.

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

Technical Outlook January 4, 2017




EUR/USD





The currency pair declined considerably towards the trendline and made a fake breakthrough. However, the trendline still holds the price and we think that there is an upside correction on the way despite the fact that we have the downside trend. We advise to pay special attention to the trendlines on the Hourly chart as they are very important for future tendency as it depends on which of those two lines will be broken. There is an important release today – FOMC Meeting Minutes. Market participants will pay attention to the event.

There is the downtrend on the Weekly chart a the price is below the MA55 balance line. The currency pair was trading with high volatility last week as the volumes were low. We expect the currency pair to have an upside 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 do nothing today as we think that the situation is still unclear. Wait for the breakthrough of any trendline on the Hourly chart.



GBP/USD





Yesterday’s situation hinted on the probability of the currency pair growth. However, USD had a sharp momentum and there was no opportunity to buy. The UK data was even better than expected but GBP continued to fall. The trend is changing but it is still too early to open short trades. We advise to follow further dynamics today.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair stopped to decline and there is a probability of an upside correction. We expect the currency pair to grow 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 situation is still unclear.



AUD/USD





The currency pair is still trading within the same limited range as nothing changed since our last outlook from January 3rd, 2017. We think that today’s FOMC Meeting Minutes may change situation. There is no trend and we advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair is in a correction according to our expectations after it reached its target at 0,71800. We expect the upside correction to develop 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 do nothing today as the situation is still unclear.



USD/CHF





The currency pair went upwards to the trendline and made a fake breakthrough as USD had a momentum. We still think that there is a probability of a downside tendency despite the fact that the uptrend is too strong. We draw two trendlines on the Hourly chart. Wait for the price to break any of those two lines to see further direction of fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair met a strong resistance at 1,03000. We think that the price is going to leave this area in the next couple of days.

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







Gold and Silver Technical Outlook January 4, 2017




GOLD (XAUUSD)





Gold has intentions to go upwards but long trades from the MA55 were false. The currency pair offered an opportunity to buy from the MA55 balance line tonight. We still think that there will be another opportunity to open long trades during the day and we still advise to look for it. Market participants are waiting for today’s FOMC Meeting Minutes and we think this release will result in sharp fluctuations. We advise to close all positions or to protect them before the event.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to reach 1100,00 and we think Gold is unable to touch this level in the nearest future. We think that the price is going grow within a framework of a current upside correction.

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



SILVER (XAGUSD)





Silver crossed 16,24 yesterday and we think it is time to look for long trades from this area. There was a good opportunity tonight but most of us was far from charts. We think that there will be another opportunity during the day to enter the trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen some growth last week and we think that the correction is on the way. XAG/USD may continue its upside correction this week.

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 16,24 area. Place stops below this level.

Technical Outlook January 5, 2017




EUR/USD





The currency pair crossed the upper trendline yesterday and established new direction of fluctuations. You could try long trades but we gave no recommendations as those positions would be in the opposite side of the trend. There are many important releases from the USA today and we think there is a probability of a volatility to grow during the American session. The price is close to the upper side of the MA-channel. In this situation we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with high volatility in the end of the last week. We think that it is going to have an upside correction 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 situation is still unclear.



GBP/USD





The currency pair crossed its trendline and moved higher. We think that there is a clear reverse and it is time to look for long trades. We had some doubts yesterday that downside tendency was going to develop. You may try long trades from the MA55 balance line. There will be some opportunities during the American session we think. However, it is better to open trades before this session in order to catch the momentum.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. GBP/USD stopped to decline and we think there is a probability of a long correction. We expect the currency pair to grow 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. Place stop losses below the curve.



AUD/USD





The currency pair’s fluctuations indicates on a probability of an upside tendency. You may try to buy AUD/USD today. However, it is better to wait until the price goes back to the MA55 balance line during European session in order to open trades before the American session. If the currency pair continues its growth during European session, it is better to avoid trading.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. AUD/USD is in a correction as we had expected it previously. The currency pair reached 0,71800 level and we think that an upside correction is going to develop 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 buy from the MA55 balance line. Place stop losses below the curve.



USD/CHF





The currency pair was trading in a downside direction and crossed the lower trendline. There was opportunities to open short trades but we gave no recommendations as those positions were in the opposite side of a current tendency. We give no recommendations today as well as the price is far from the balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair met a serious resistance at 1,03000. We think that USD/CHF is going to decline from this level during the week.

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







Gold and Silver Technical Outlook January 5, 2017




GOLD (XAUUSD)





There was no opportunity to buy from the MA55 balance line according to our recommendations as the price was far from the balance line yesterday. There was nothing new in FOMC Meeting Minutes. FOMC members still have no idea about what to do next as they are going to wait until the results of Trump’s activities. They want to see his actions first before making any forecasts. This situation gives some space for gold to grow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold failed to reach 1100,00 last week and we think that XAU/USD is going to develop its correction 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 today as the price is close to the upper side of the MA-channel.



SILVER (XAGUSD)





Silver failed to get back towards 16,24 and there was no opportunity to open trades. Prices went upwards today in the morning and reached the upper side of the MA-channel. It is risky to open trades in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAG/USD had some growth last week and we think that Silver is starting its correction. We expect the precious metal to continue its correction 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 give no recommendations as the price is close to the upper side of the MA-channel.