Thread: Adamant Finance - Daily Analysis

Technical Outlook January 6, 2017




EUR/USD





The currency pair continued its aggressive growth yesterday and it is close to the upper side of the MA-channel. ADP Non Farm data was worse that expected and this event pushes USD downwards. Today we advise to pay attention to important US Labor Market data as it may result in further decline of USD or stop a downside tendency. Analysts forecast little decline in Non Farm Payrolls data as well as little growth in unemployment rate.

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 accompanied with low volumes last week. We think that it is going to continue its 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 went back to the MA55 balance line before the American session and offered an opportunity to open long trades according to our expectations. The price moved upwards for 1500 that was enough to protect trades and take a considerable profit. We give no recommendations today as there is an important release of the US Labor Market data during American session. It is hard to say whether this data is better or worse than expected and how the market participants are going to react to it.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. GBP/USD Slows down its decline and there is a probability that the currency pair is in correction at the moment. We think that the currency pair’s growth is going to continue this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. WE advise to avoid trading today as it is hard to predict market’s reaction to today’s US Labor Market data.



AUD/USD





The currency pair moved downwards before the American session, but this local correction was not enough to open long trades.

However, after this correction AUD/USD had some growth as we had expected it previously. We give no recommendations today as there is a very important US data on the way. It is better to take any decisions after the release of the US Labor Market statistics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went on correction according to our expectations. We think that this week it is going to continue its growth.

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 it is hard to say what direction AUD/USD will choose after the release of the US Labor Market data today.



USD/CHF





The currency pair went back to the MA55 balance line but it was not enough to open trades according to our recommendations. We advise to avoid trading today as well as there is an important US data on the way and it is hard to predict how market players will react on it. It is better to do some steps after the release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a strong resistance at 1,03000 and we think that the currency pair is going to step back from this level.

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 before the release of the US Labor Market data.







Gold and Silver Technical Outlook January 6, 2017




GOLD (XAUUSD)





Gold continued its upside dynamics close to the upper side of the MA-channel but we think that the situation may change today after the release of the US Labor Market data. Market participants think that this data is going to be worse than forecasted as ADP Non Farms were weaker than expected. Anyway, today’s statistics is hard to be predicted.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold failed to reach 1100,00 and we think it is not going to do it in the nearest future. We expect XAU/USD to continue its correctional growth 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 give no recommendations today as it is an important US Labor Market data on the way.



SILVER (XAGUSD)





Silver had some growth yesterday but it was limited and we gave no recommendations. Silver had a sharp downside momentum and reached 16,21 today in the morning. Here was a good opportunity to open long trades. However, we think that it is better to avoid trading before today’s US Labor Market data.

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 this correction is going to continue.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. It is better to avoid trading today as it is hard to say how market participants are going to react on the US Labor Market data.

Technical Outlook January 9, 2017




EUR/USD





The currency pair reversed after Friday’s US Labor Market data as it was mixed. US Non-Farm Payrolls were weaker than expected and declined to 156 000 new jobs created in December. Unemployment Rate rose to 4,7% that was also worse than expected. However, Average Hourly Earnings grew to 0,4%. This last data gave some support to USD as further wage growth may cause inflation rise and result in Interest Rates hike. The most important events and statistics are to be released on Thursday and Friday this week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started an upside correction last week and we think it is going to go upwards this week again.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to do nothing today as the situations is still unclear. Wait for further US statistics.



GBP/USD





The currency pair declined on Friday after the US Labor Market and Wage data. Trend has changed and we think there are risks of further decline of GBP/USD. However, Friday’s US data is already included in price and we think that the price may go back towards previous levels. We advise to do nothing today as the price is still far from the balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no tendency in fluctuations last week and we think this situation is likely to repeat 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 situation is unclear.



AUD/USD





The currency pair declined on Friday’s US Labor Market data as it was mixed. However, AUD/USD still looks upwards and we think this tendency is going to continue. The price is close to the MA55 balance line and there is an opportunity to open long trades.

However, it is not a good idea to enter the market at the moment as the trendline is broken through and there are risks that the currency pair is going to further decline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week. We think that it is going to move further upwards in the next couple of days.

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



USD/CHF





The currency pair had some growth on Friday after the US Labor Market data. USD/CHF had broken through the trendline. We think that the currency pair is going to continue its growth this week. There is still the uptrend but we think USD/CHF is going to reverse in the nearest future. WE give no recommendations at the moment as there is a probability of a reverse. It is better to wait for a while until the situation becomes clear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair left 1,03000 and moved downside. We think that USD/CHF is going to be trading below this level in the next couple of days.

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







Gold and Silver Technical Outlook January 9, 2017




GOLD (XAUUSD)





Gold is in correction after Friday’s US Labor Market data which was mixed. US Non Farm data was weaker than expected as the number of new jobs created in December was 156 000 against 204 000 (revised from 178 000) in November. However, Average Hourly Earnings data was better than expected and gave some support to the US dollar. Wage growth may result in an inflation growth. Fed will have to increase Rates in this case. We think that XAU/USD is going to decline towards the trendline and then to go upwards.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The was some correctional growth last week and we think it is going to continue this week again.

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 at the moment as the situations is unclear.



SILVER (XAGUSD)





Silver was trading in a range on Friday. We think that XAG/USD is going to decline before further growth. You may try short trades from 16,50 with low volumes.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correctional growth last week and we think it is going to continue 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 open short trades from 16,50. Place stop losses above 16,60 level.

Technical Outlook January 10, 2017




EUR/USD





The currency pair resumed its growth during the American session and continued to rise in price within the Asian one. It is good for EUR/USD but not so good for us as It is too risky to open trades after the currency pair’s growth during two sessions in a row. There is no important data from the United States as well as from the Eurozone today. We expect the currency pair to be trading in both directions after the Asian’s rally. EUR/USD is in the neutral trend. This is another sign for us to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think that it is going to continue its upside fluctuations in the nearest future.

The currency pair is in the neutral trend as the MA-channel goes in no direction 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 is under the pressure as there are some factors (related to the Brexit) that push GBP/USD down. German Chancellor Angela Merkel threatened UK with sanctions. UK Prime Minister Theresa May assures that she is going to win some better conditions for the Great Britain during the negotiations with the European Union leaders. All those events have negative impact on British Pound. The currency pair is close to the lower side of the MA-channel and we advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no clear direction in Pound’s fluctuations last week. We think that this “no trend” tendency is going to prevail 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 situation is still unclear.



AUD/USD





The currency pair resumed its growth and continued its upside tendency. We thought that the correction is able to go on. However, AUD/USD still continues its uptrend. We think that it is a god idea to try long trades from the MA55 balance line today. There is no important statistics today and we think that the volatility will be weak today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think that this correction is going to prevail for 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 MA5 balance line or from the trendline. Place stops below those lines.



USD/CHF





The currency pair is trading with a downside bias but there is no trend currently and we have no idea whether USD/CH is going to decline further or not. There is no clear tendency anyway and we give no recommendations today. We still expect the currency pair to continue its decline, but it is better to wait for clear signals.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair left 1,03000 level and we think that USD/CHF is going to be trading below this level in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. It is better to wait for clear signals to open trades.






Gold and Silver Technical Outlook January 10, 2017




GOLD (XAUUSD)





Gold resumed its growth in the beginning of this week. There is an opinion that XAU/USD’s growth is going to be limited as USD will grow in the nearest future due to the rise of Interest Rates hike odds. However, we think that the situation will be unclear until the inauguration of Donald Trump at least. Gold is going to improve its positions during this period.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen a correctional growth last week and we think that this tendency is going ot continue in the next couple of days.

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



SILVER (XAGUSD)





Silver failed to equal the hopes of Bears. Stop losses were tight and losses are small. There is still neutral trend and we advise to do nothing today as it is risky to trade in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen a correctional growth last week according to our expectations. We think that this tendency is going to continue in the next couple of days.

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

Technical Outlook January 11, 2017




EUR/USD





The currency pair is trading in both directions in a wide range. As we have mentioned previously it is too risky to open long trades as EUR/USD is growing for a long time. Current trend is neutral. It is better to do nothing at the moment. Wait for any tendency to start and then take steps according to a situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in an upside correction last week. We think that the currency pair is going to continue its tendency in the next couple of days.

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



GBP/USD





The currency pair is back to the balance line and we think it is a good idea to open short trades today. We have a rather strong downside tendency and even if ends in the nearest future, we do not expect a sharp reverse. Risks are low and you may try to find some good points to enter the market.

We have the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading without any clear tendency last week and we think that this neutral trend is going to dominate in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the MA55 or even a little bit higher above 1,22000.



AUD/USD





The currency pair allowed opening long trades from the MA55 balance line or from the trendline according to our recommendations. The price moved higher for about 500 pips without any correction. It was enough to take profit or to protect your trades. We think that today the currency pair is going to grow moderately. In this case you may open long trades from the MA55 balance line or from the trendline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think that it is going to continue this upside tendency 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 from the MA55 balance line or from the trendline. Place stop losses below those lines.



USD/CHF





The currency pair is in the neutral trend and there was no further decline yesterday. We expected that USD/CHF would go downside but there was no clear tendency. We give no recommendations, as there is still flat. It is better to wait until the situation becomes clear.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair left 1,03000 level and we think it is going to be trading below this level 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 situations is still unclear.







Gold and Silver Technical Outlook January 11, 2017




GOLD (XAUUSD)





There was no opportunity to open long trades from the MA55 balance line according to our recommendations. The p[rice is still growing as we mentioned it before as the situation in the United States is still unclear. This fact gives some support to the US dollar. The US President Donald Trump is going to give his comments today and we think the situation may change. If you have any opened positions, we advise to protect them before US President’s speech.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some correctional growth last week and we think it is going to continue in the next couple of days.

XAG/USD is in the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. You may try long trades from the trendline or from the MA55 balance line. Place stop losses below those lines.



SILVER (XAGUSD)





Silver did a good jump upwards but there was no trend and we gave no recommendations. We can se an upside tendency at the moment and you may try long trades from the trendline or from the MA55 balance line with close stop losses. However, we recommend to fix or to protect your positions before Trump’s speech.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We had some correctional growth last week and we think it is going to continue this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You may try long trades from the Ma55 balance line or from the trendline. Place stop losses below those lines.

Technical Outlook January 12, 2017




EUR/USD





The currency pair continues to be trading in both directions within a wide range. Today there is a chance that EUR/USD is going to move upwards after yesterday’s new US President Trump speech. However, his words did not meet expectations of market players.

USD was under pressure. Market participants expected Donald Trump to uncover some information about fiscal and budget stimulus.

Nevertheless Trump avoided to talk about those aspects. We think that the currency pair is going to continue its growth.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think it is going to move in the same direction 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 still unclear.



GBP/USD





The currency pair gave an opportunity to open short trades according to our recommendations. There was an opportunity to sell from 1,21650 and the price was in the profit area for about 1200 pips. You had a chance to take profit or to protect your trades.

New Us President’s speech did not meet the expectations of the market and USD was under the pressure. We think that today the currency pair is going to continue its growth as there was a change in a tendency yesterday.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. There was no tendency last week and we think this neutral trend is going to dominate 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 curve.



AUD/USD





The currency pair offered an opportunity to open long trades according to our recommendations from the MA55 balance line or from the trendline. The price went upwards for about 1000 pips without any correction and there was an opportunity to take profit or to protect your trades. We think that today AUD/USD is going to continue its growth but we give no recommendations as the price is close to the upper side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week. We expect that it is going to go in the upside direction 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. It is risky to buy close to the upper side of the MA-channel.



USD/CHF





The currency pair has still no clear bias but we think it is going to move downside today. Yesterday US President’s speech exert pressure on USD and we think that the US dollar is going to lose positions today as well. We still give no recommendations as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair left 1,03000 area last week and we think it is going to be trading below this area 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 as the situation is still unclear.







Gold and Silver Technical Outlook January 12, 2017




GOLD (XAUUSD)





There was no opportunity to open long trades from the MA55 balance line during European session yesterday and there was no sense to open trades right before Trump speech as you had no chance to protect those positions. Market participants are waiting for further news concerning the economic growth in the United States. However, US President avoided this subject in his comments. USD lost some positions yesterday. We think that this dynamics may continue today but we give no recommendations as the price is far from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We had a correctional growth last week and we think it is going to continue in the next couple of days.

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



SILVER (XAGUSD)





There was no opportunity to open trades before the American session as well. You may try to open long trades from the trendline as the price is close to the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correctional growth last week and we think it is going to continue in the next couple of days.

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

Technical Outlook January 12, 2017




EUR/USD





The currency pair continues to be trading in both directions within a wide range. Today there is a chance that EUR/USD is going to move upwards after yesterday’s new US President Trump speech. However, his words did not meet expectations of market players.

USD was under pressure. Market participants expected Donald Trump to uncover some information about fiscal and budget stimulus.

Nevertheless Trump avoided to talk about those aspects. We think that the currency pair is going to continue its growth.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think it is going to move in the same direction 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 still unclear.



GBP/USD





The currency pair gave an opportunity to open short trades according to our recommendations. There was an opportunity to sell from 1,21650 and the price was in the profit area for about 1200 pips. You had a chance to take profit or to protect your trades.

New Us President’s speech did not meet the expectations of the market and USD was under the pressure. We think that today the currency pair is going to continue its growth as there was a change in a tendency yesterday.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. There was no tendency last week and we think this neutral trend is going to dominate 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 curve.



AUD/USD





The currency pair offered an opportunity to open long trades according to our recommendations from the MA55 balance line or from the trendline. The price went upwards for about 1000 pips without any correction and there was an opportunity to take profit or to protect your trades. We think that today AUD/USD is going to continue its growth but we give no recommendations as the price is close to the upper side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week. We expect that it is going to go in the upside direction 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. It is risky to buy close to the upper side of the MA-channel.



USD/CHF





The currency pair has still no clear bias but we think it is going to move downside today. Yesterday US President’s speech exert pressure on USD and we think that the US dollar is going to lose positions today as well. We still give no recommendations as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair left 1,03000 area last week and we think it is going to be trading below this area 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 as the situation is still unclear.







Gold and Silver Technical Outlook January 12, 2017




GOLD (XAUUSD)





There was no opportunity to open long trades from the MA55 balance line during European session yesterday and there was no sense to open trades right before Trump speech as you had no chance to protect those positions. Market participants are waiting for further news concerning the economic growth in the United States. However, US President avoided this subject in his comments. USD lost some positions yesterday. We think that this dynamics may continue today but we give no recommendations as the price is far from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We had a correctional growth last week and we think it is going to continue in the next couple of days.

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



SILVER (XAGUSD)





There was no opportunity to open trades before the American session as well. You may try to open long trades from the trendline as the price is close to the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correctional growth last week and we think it is going to continue in the next couple of days.

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

Technical Outlook January 13, 2017




EUR/USD





The currency pair moved upwards yesterday and we can see that there is an upside tendency at the moment. However, we have noticed that market participants are fixing their positions on the eve of the important US data (PPI and Retail Sales). Experts forecast significant growth of both macroeconomic indicators. This data is likely to support USD and we can see at the moment that US dollar is gaining strength. Prelim UoM Consumer sentiment, which is to be released today, is also worth attention.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think it is going to be trading with the upside bias in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. There are several important events today which may significantly influence fluctuations.



GBP/USD





The currency pair offered no opportunity to open long trades from the MA55 balance line. The price went towards the Moving Average this morning only. There was a sharp decline of the currency pair yesterday during the American session and we think this tendency is going to continue. Upside trend is slowing down and becomes neutral. Wait for today’s US data before taking any further steps.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no tendency last week and we think that this neutral tendency is going to continue.

The currency pair is in the neutral position 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.



AUD/USD





The currency pair is in the strong uptrend and there are almost no corrections. It is hard to open trades in this situation.

Today’s US data (which is likely to be better according to forecasts) may support USD and provoke a huge US dollar upside tendency. In this case AUD/USD is likely to go on correction that may target the trendline on the Hourly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think it is going to move upwards in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today especially on the eve of the important US data.



USD/CHF





The currency pair was in a strong downside tendency yesterday and is able to continue this trend today. We advise to avoid trading EUR/USD but we think it is time to trade USD/CHF as the downside tendency may continue if the US data is going to be worse than expected.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair left 1,03000 level last week and we think it is going to be trading below this level 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 open short trades from the Ma55 balance line. Place stop losses above the Moving Average. However, be careful as there is important US data today which may significantly influence fluctuations.






Gold and Silver Technical Outlook January 13, 2017




GOLD (XAUUSD)





Gold established new weekly highs but there was no opportunity to open trades. The price was far from the balance line. It is to mention that the price moved downwards sharply yesterday during the American session. Market participants were fixing their long positions. It is not suitable for further growth and today’s US Retail Sales and PPI data may completely change the situation.

Experts expect those figures to be better than previous ones and this may push USD higher. It is risky to open trades in this environment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction last week and we think XAU/USD is going to grow in the nearest future.

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



SILVER (XAGUSD)





There was no opportunity to open trades from the tendline and the price approached to this line today in the morning. However, we see some signs of further reverse and the trendline may be broken through today. We advise to open trades if only the price breaks through the trendline with low volumes.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We have seen some correctional growth last week and we think it is going to continue in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You may try short trades if the price breaks through the trendline. Place stop losses above the line.

Technical Outlook January 17, 2017




EUR/USD





The currency pair reversed yesterday but today it is trading in a neutral position again. We advise to pay attention to today’s data from Europe as it may influence fluctuations. Market participants will pay attention to this data. On the other hand, we advise to pay attention to the US FOMC members’ comments during the American session. If they are going to be hawkish, they may provoke significant moves.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction last week and we expect EUR/USD to slow down its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the Moving Average 55. We think that the tendency is going to be neutral today and we advise to avoid trading as the situations is still unclear.



GBP/USD





The currency pair was trading within a limited range due to the US holiday yesterday. We think that GBP/USD is going to grow today towards 1,21000 and then it is going to resume its decline with a high probability. We advise to pay attention to today’s UK Prime Minister Theresa May speech as the currency pair started this week with a gap.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no tendency last week. We think that the currency pair is going to decline in the next couple of days due to this downside gap.

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 1,21000-1,21200.



AUD/USD





The currency pair was in a flat yesterday due to the US holiday and low volumes during the American session. We think that today fluctuations are going to stabilize and there is a probability of some growth. The currency pair tried to grow during the Asian session and it is too late to open long trades at the moment. AUD/USD is in the neutral trend which is also a negative factor for trading.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its upside correction last week but we think it is going to slow down its upside tendency in the next couple of days.

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



USD/CHF





The currency pair was trading within a range because of US holidays yesterday. However, USD/CHF is declining at the moment without any clear tendency. We think that the currency pair is going to establish a tendency today and there will be an opportunity to open trades tomorrow.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is going to slow down its downside tendency in the next couple of days. The currency pair is close to a strong support level.

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.







Gold and Silver Technical Outlook January 17, 2017




GOLD (XAUUSD)





Gold was trading within a limited range due to the US holidays yesterday. We think that dynamics is going to restore today. There was no opportunity to open long trades as the price was far from the trend line. There is still neutral trend and we expect XAU/USD to establish a tendency today. There are clear signs that Gold is going to continue its uptrend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a correctional growth last week and we think it is going to continue its growth in the next couple of days.

There is the downtrend on the Weekly chart as the price is below the Moving Average 55. We have seen a correctional growth last week and we expect XAU/USD to continue its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. WE advise to open long trades from the trendline on the Hourly chart if the price goes back there. Place stop losses below the line.



SILVER (XAGUSD)





Silver was trading within a limited range yesterday due to the US holiday. There was no opportunity to open long trades as the price did not reach the trendline. There is no clear tendency and we think that XAG/USD is going to establish a trend today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD had a correctional growth according to our expectations. We think that this growth is going to continue.

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

Technical Outlook January 18, 2017




EUR/USD





The currency pair had a growth yesterday in the first half of a day. ZEW Economic sentiment data was better than previous one. This data gave significant support to the currency pair during the Asian sessions. EUR/USD established an upside tendency. We advise to pay attention to today’s US and Eurozone CPI statistics which may influence fluctuations during the day.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction last week and we think it is going to slow down its growth on 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. The currency pair is close to the MA55 balance line and we give no recommendations. We advise to avoid trading today as the situation is still unclear.



GBP/USD





The currency pair had a considerable growth yesterday after UK CPI data and Prime Minster Theresa May speech on Brexit.

UK CPI data was better than expected. Market participants think that this may be a reason why The Bank of England will have to limit its easing programme. Theresa May said that she is going to negotiate free trading area with European Union countries. However there are still risks that EU response will be negative. Short trades according to our recommendations failed to bring any profit.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no tendency last week and we think that the currency pair is going to decline because of the gap that we have seen in the first hours of this week’s session.

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 upper side of the MA-channel and we give no recommendations. It is better to wait until the situation is clear.



AUD/USD





The currency pair established an upside tendency yesterday and we think it is time to look for opportunities to buy AUD/USD. However, we advise to wait until the price goes back to the Moving Average 55 balance line. We also think that there are risks of a deeper correction after yesterday’s strong growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its upside correction last week. We think it is going to slow down it is going to slow down the upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line.

We advise to open long trades from the Moving Average 55 balance line. Place stop losses below the curve.



USD/CHF





The currency pair established a downside tendency and it is time to look for short trades. However, we see some risks for the price to jump upwards from the broken through trend line on the Weekly chart. More factors indicate on further decline and we advise to try short trades from the above mentioned area.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was declining last week according to our expectations. We think it is going to slow down its downside tendency in the next couple of days as the currency pair is close to a strong support level.

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 Moving Average 55 balance line or from the trendline. Place stop losses above those indicators.






Gold and Silver Technical Outlook January 18, 2017




GOLD (XAUUSD)





Gold gave no opportunities to buy according to our recommendations as it failed to reach the trendline. US President’s Trump comments on USD pushed American dollar lower allowing Gold to rise up. We advise to pay attention to today’s US important data which may have considerable impact on fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. We had some correctional growth last week and we think it is going to continue in the next couple of days.

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



SILVER (XAGUSD)





Silver was trading with an upside bias and failed to move back towards the trendline. There was no opportunity to open long trades according to our recommendations. Today’s US data may push Silver higher.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We have seen a correctional growth last week according to our expectations. We think it is going to continue in the next couple of days.

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

Technical Outlook January 19, 2017




EUR/USD





The currency pair was trading with a decline and accelerated its decline during the American session. US CPI data met the expectations and the Fed head Yellen persuaded market participants in a more aggressive Interest Rates hike during the next couple of years. Inflation overcame FOMC’s 2% target level which is a strong signal for Fed to hike Rates.

FOMC plans to increase Rates thrice this year. USD has got some additional support and we think it is going to grow in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction last week and we think it is going to slow down its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line.

Trendline was broken through as well as the MA55 balance line. This indicates on a probability of further decline. We advise to avoid trading at the moment and wait for the situations to become clear.



GBP/USD





The currency pair went back to the MA5 balance line allowing to open long trades yesterday. However, all other currency pair have downside direction and we think it is not a good idea to open long trades at the moment. GBP/USD is able to continue its downside tendency and there will be some signals to sell. We have drawn a trendline, which is an indicator for further currency pair dynamics. If the currency pair breaks it through there will be an opportunity to open long trades. Otherwise GBP/USD is going to change its tendency.

There is the downtrend on the Weekly chart as the price is below the MA5 balance line. There was no direction last week and we think the currency pair is going to continue its decline because of a price gap.

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 at the moment but to be prepared to buy or sell according to circumstances.



AUD/USD





There was a correction towards the balance line by the end of the American session yesterday but it was too late to open trades. The currency pair is in a deep correction as we have previously expected. AUD/USD tries to hold its positions above the trendline but we think it is going to break through this line today. It is better to wait until the reverse before selling the currency pair.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its upside correction last week and we think it is going to slow down its growth in the next couple of days.

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



USD/CHF





The currency pair is close to the MA55 balance line and the trendline but it was late to open trades yesterday. We think that USD/CHF is going to change its tendency and it is time to do nothing and to to wait until the situation becomes clear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think it is going to slow down its downside tendency in the next couple of days.

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







Gold and Silver Technical Outlook January 19, 2017




GOLD (XAUUSD)





Gold failed to continue its growth yesterday as US CPI data met the expectations. Janet Yellen underlined that inflation overcame 2% barrier and FOMC is going to rise Rates. FOMC plans to hike Interest Rates thrice this year. Fed holds its tendency that is good for USD. Rise of inflation is good for XAU/USD as investors are looking for shelter assets (like Gold). However, inflation is not too high for Gold to grow aggressively.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correctional growth last week and we think it is going to continue in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We think that market participants are going to break current tendency. You may open short trades from the trendline. Place stop losses above the line.



SILVER (XAGUSD)





Silver declined to the MA55 balance line allowing long trades but it was too late for trading. US CPI data met the expectations and there was no significant growth after this release. Silver is going to follow Gold which is reversing its tendency at the moment.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correctional growth last week according to our expectations. We think that the upside tendency is going to continue in the next couple of days.

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