Thread: Adamant Finance - Daily Analysis

Technical Outlook March 31, 2017

EURUSD



The currency pair continued its aggressive decline yesterday. As we had previously mentioned, this downside tendency was a result of the officially launched Brexit. The upcoming French election campaign push EUR/USD downwards as well. There are risks that the future president of the second European Union economy is going to launch Frexit procedure. Yesterday’s US data was better than expected. There is no opportunity to open trades today as the price is close to the lower side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was growing last week. We think it is going to bounce off the trend line and to reverse its tendency in the next couple of days.

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

GBPUSD



The currency pair continued its upside dynamics due to crosses. GBP/USD has got some support despite the stronger than expected US data. If you opened a short trade from the MA55 balance line, it was closed by stop loss. There is no trend currently and we advise to avoid trading today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth last week. We think that GBP/USD is going to change 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair changed its tendency and AUD/USD is currently in the range with no clear direction. There is no opportunity to open trades as the fluctuations are weak and the volatility is low. We think that this dynamics is going to prevail and is it better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some growth last week, but it was weak and the currency pair decline by Friday. We think that AUD/USD is going to decline in the next couple of days.

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

USDCHF



The currency pair failed to decline towards the MA55 balance line and developed its growth yesterday. The main reason for this upside tendency is better than expected US data for the last couple of days. There was an opportunity to buy from the MA13,

but those trades were risky as we had previously mentioned. We think there is an opportunity to open long trades from 0,99750 today.

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 by Friday. We think that USD/CHF is going to change its current 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 0.99750. Place stop losses at 0,99600.


Gold and Silver Technical Outlook March 31, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades from the MA55 balance line. The price was in a profit area for 11USD and there was a chance to take profit or to protect trades. The price is likely to go back towards the MA55 balance line during the European session and to resume its decline later.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to trade only in case if the price reaches the MA55 balance line. It is better to open short trades from there. Place stop losses above this indicator or trend line.

SILVER (XAGUSD)



Silver is trading with no clear tendency at the moment and as we had previously mentioned, it was better to do nothing yesterday. The tendency is neutral but the trend line still holds the price and we advise to “sit on the hands” as the opportunity to sell is likely to appear the next week only.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think Silver is going to be trading in both directions 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.

Technical Outlook April 3, 2017

EURUSD



The currency pair was trading in both directions within a tight range and returned to the MA55 balance line several times. There are some important events this week including the release of the Federal Open Market Committee meeting Minutes and the US Labor Market data. We also advise to pay attention to the FOMC members’ comments. We think that the currency pair is going to decline today and then to start its upside correction.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week as we had previously expected. We think that the currency pair is going to develop its moderate downside tendency with some upside corrections.

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

GBPUSD



The currency pair continued its upside dynamics last Friday supported by crosses and better than expected UK data. We have seen the reverse as the trend line on the Hourly chart was broken through. We think it is time to open long trades from the broken through trend line. As for this week’s data, pay attention to the Federal Open Market Committee meeting Minutes and the US Labor Market data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its weekly tendency but there was almost no decline. We think that GBP/USD is going to develop its moderate growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to open long trades from the broken through trend line. Place stop losses below this line.

AUDUSD



The currency pair continued its neutral dynamics on Friday. It is going to break through the trend line today and if it happens, we would see the beginning of a downside tendency. The MA-channel goes downwards and this is a good sign for the development of a downside tendency. We think it is time to look for short trades today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline and no growth last week. The fluctuations’ range was less than 1000 pips. We think that the currency pair is going to grow moderately 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 trade from the broken through trend line. Place stop losses above this line.

USDCHF



There was no opportunity to buy according to our recommendations as the price has not reached the recommended level. USD/CHF slows down its growth and we think that the correction is going to start in the nearest future. However, we think there is a probability of another upside momentum today and we advise to open long trades in this case.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair changed its tendency last week according to our expectations. We think that USD/CHF is going to develop its moderate growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses above this Moving Average with period 55.


Gold and Silver Technical Outlook April 3, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades from the trend line but there was only few hours before the end of Friday’s session and there was no sense to open trades. We think it is a good idea to look for short trades with close stop losses today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week but there is still probability that it may happen in the nearest future. We think that XAU/USD is going to grow in the next couple of days.

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

SILVER (XAGUSD)



Silver has tested the trend line on Friday and bounced off it. There was no opportunity to open short trades. The trend line was broken through but there is still no tendency and it is better to avoid selling at the moment. It is better to wait until the trend line is broken through and then to look for short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think XAG/USD is going to develop 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 close to the MA55 balance line. We advise to do nothing today as the situation is still unclear.

Technical Outlook April 4, 2017

EURUSD



The currency pair was trading in both directions. It has established new lows. There was an opportunity to execute short trades according to our recommendations during the upside momentum towards the MA55 balance line within the American Session. The price declined for 300pips later allowing to fix profit partially or to protect trades. We advise to pay attention to today’s EU Retail Sales data along with the European Central Bank Head’s speech. The currency pair slows down its decline on the eve of the Federal Open Market Committee Meeting Minutes, which are to be released on Wednesday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week according to our expectations. We think that the currency pair is going to continue its moderate decline with some upside corrections in the next couple of days.

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

GBPUSD



The currency pair declined towards the broken through trend line and the price bounced off it. There was an opportunity to open long trades according to our recommendations but the price was in the profit area for 250pips only. It was enough to protect trades but it is too early to fix the positions and those trades were closed by stop losses with no profit. The currency pair is likely to continue yesterday’s decline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its weekly tendency but its decline was moderate and ended in the second half of the last week. We think that the currency pair is going to develop its moderate growth in the next couple of days.

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

AUDUSD



The currency pair allowed to open short trades from the broken through trend line and the price was in the profit area for 200-300 pips. Market participants are waiting for the Reserve Bank of Australia Meeting results and it is better to fix positions or to protect them by placing stop losses on the breakeven level. The currency pair has the intention to further decline, but the RBA Meeting may have an impact on the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline last week. Last week’s fluctuations range was less than 1000pips. We think that the currency pair is going to decline moderately 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 hold short trades from the broken through trend line.

USDCHF



The currency pair failed to get close to the MA55 balance line. However, there was an opportunity to open trades during the American Session. The market players are waiting for upcoming Federal Open Market Committee Meeting Minutes results, which are to be released tomorrow. It is better to “sit on your hands” today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a tendency reverse last week according to our expectations. We think that the currency pair is going to develop its upside tendency in the next couple of days.

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


Gold and Silver Technical Outlook April 4, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades from the trend line during the Asian session. It was risky to do it later, but if you opened trading during the Asian session, you had an opportunity to protect positions as the price was already in the profit area. XAU/USD has broken through the trend line and is trying to establish an upside tendency. There is no clear trend and it is better to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week, but there is still a probability of an upside tendency 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 unclear.

SILVER (XAGUSD)



Silver has tested the trend line and moved higher. This means that this trend line is still strong. There is no tendency currently as the trend line is not broken through and it is better to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that XAG/USD is going to develop its growth.

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.

Technical Outlook April 5, 2017

EURUSD



The currency pair was trading in both directions yesterday and established new lows. It is better to do nothing before the release of today’s US data. The main statistics for today is the Federal Open Market Committee Meeting Minutes, which are to be released during the American Session. We advise to pay attention to the US Labor Market ADP data as well as ISM Non-Manufacturing PMI.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week. We think the currency pair is going to develop its moderate decline with upside corrections in the next couple of days.

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

GBPUSD



The currency pair continued its decline yesterday but failed to move far. Today’s Federal Open Market Committee Meeting Minutes have also significant impact on GBP/USD. We advise to pay attention also to the UK Services PMI, which is to be released during the European Session. However, we think that market participants are going to skip this data and wait for the US statistics, which will be released during the American session.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its tendency last week according to our expectations, but GBP was declining in the first half of the week only. We think that the currency pair is going to grow moderately in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear and market participants are waiting for the US data.

AUDUSD



There was no opportunity to sell according to our recommendations yesterday. The price failed to reach the necessary area. There is a strong downside tendency and we still advise to look for short trades. It is better to wait until the price reaches the MA55 balance line to open positions from there.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline neither growth last week. The currency pair was trading in a 1000pips range. We think that AUD/USD is going to develop its moderate decline in the next couple of days.

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

USDCHF



The currency pair offered an opportunity to open long trades according to our recommendations. There was no significant move and there are two options to choose: you can fix your trades with no profit at the moment or to wait for some small earnings. There is important US data on the way (Federal Open Market Committee Meeting Minutes, ISM Non-Manufacturing PMI) which is able to change the situation. We advise to wait until those releases before taking any further steps.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair changed its tendency by the end of the last week. We think it is going to grow moderately in the next couple of days.

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


Gold and silver Technical Outlook April 5, 2017

GOLD (XAUUSD)



Gold established an upside tendency and it is time to look for long trades. However, we advise to take a pause as there is important US data on the way (Federal Open Market Committee Meeting Minutes) which may have considerable impact on fluctuations. If the FOMC member comments are more hawkish, there is a probability of a tendency reverse. However, we think that this situation is extraordinary and we advise to look for long trades with close stop losses.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week but it is still possible. We think that XAU/USD is going to develop its moderate growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the Ma55 balance line. Place stop losses below this indicator.

SILVER (XAGUSD)



Silver continues its upside dynamics and may accelerate its growth. However, we advise to do nothing today. If you want to trades, you can open long trades from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver was growing last week. We think it is going to develop its upside tendency in the next couple of days.

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

Technical Outlook April 6, 2017

EURUSD



The currency pair declined yesterday on the eve of the Federal Open Market Committee Meeting Minutes after the better than expected US ADP Non-Farm Employment Change data. However, it gained back its positions after the release of the FOMC Meeting Minutes as market participants have heard nothing new on monetary policy tightening. Investors are looking forward to see Friday’s Us Labor market data and Average Hourly Earnings in particular. The trend line was broken through and the currency pair is trying to establish an upside tendency.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The price bounced off the trend line last week according to our expectations. We think EUR/USD is going to develop its moderate decline with some upside corrections in the next couple of days.

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

GBPUSD



The currency pair returned to a neutral position after stronger than expected UK Services PMI data. As we have previously mentioned there was almost no reaction to the data. It is time to monitor the situation and to see whether the price is able to break through the trend line for further upside tendency. We think that this is likely to happen on Friday after the US Labor Market and Average Hourly Earnings data.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair changed its weekly tendency last week but it was declining in the first half of the week only. We think that GBP/USD is going to develop its moderate growth in the next couple of days.

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

AUDUSD



The currency pair offered an opportunity to open short trades from the MA55 balance line according to our recommendations. There was an opportunity to protect trades or fix them partially as the price was in the profit area for 200pips. If you did not move stop loss at breakeven level, those trades are still active and current profit is about 500 pips and it has some space to develop. We advise to fix trades when the profit grows to 700pips.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline neither growth last week. The currency pair was trading within a 1000 pips range. We think that AUD/USD is going to develop its downside tendency in the next couple of days.

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

USDCHF



The currency pair had some growth yesterday on the better than expected US ADP Non-Farm Employment data, but then declined after the Federal Open Market Committee Meeting Minutes release. We advise to pay attention to today’s Swiss CPI data, which is able to have impact on fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair changed its tendency last week according to our expectations. We think that it is going to develop its moderate growth in the next couple of days.

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


Gold and silver Technical Outlook April 6, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades but those positions were closed by stop losses. The price went downwards after stronger than expected US ADP Labor Market data. However, the price gained back its positions after the release of the Federal Open Market Committee Meeting Minutes. Market participants have heard nothing on further monetary policy tightening and we think that XAU/USD is going to continue its growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week, but it is still probable. We think that Gold is going to grow in the next couple of days.

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

SILVER (XAGUSD)



Silver is in flat after XAG/USD has broken through the trend line. There is no tendency at the moment and the price is in a limited range on the eve of the Friday’s US Labor Market data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that XAG/USD is going to develop 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

Technical Outlook April 7, 2017

EURUSD



The currency pair is trading within a tight range on the eve of the US Labor market data, which is to be released today. Average Hourly Earnings is the main data for today. However, we advise to pay attention to other statistics as well as it may have impact on fluctuations in case of strong divergence of results with forecasts. We advise to do nothing before the release of this data and take any actions after the issue of the statistics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week as we have expected. We think that the currency pair is going to develop its moderate downside 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 unclear.

GBPUSD



The currency pair is close to the trend line but did not any attempt to break it through. Further GBP/USD dynamics depends on today’s US Labor Market and Average Hourly Earnings data. This statistics has significant impact on fluctuations. It is better to do nothing before the release of this statistics and wait for its result.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its tendency last week but it was declining in the first half of the week only. WE think that GBP/USD is going to develop its moderate growth in the next couple of days.

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

AUDUSD



The currency pair failed to give 700pips profit for short trades. We think that it is better to fix all positions on the eve of the US Labor Market and Average Hourly Earnings data. It is better to do nothing before this statistics and wait for the results.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline neither growth last week. The currency pair was trading within a tight 1000pips range. We think the currency pair is going to decline in the next couple of days.

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

USDCHF



The currency pair was trading according to our expectations within a tight range yesterday. The market participants are waiting for the US Labor Market and Average Hourly Earnings data and it is better to do nothing before today’s release. However, you can try to open positions later, when this data will be released.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair has changed its tendency last week according to our expectations. We think that USD/CHF is going to develop its moderate growth in the next couple of days.

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


Gold and Silver Technical Outlook April 7, 2017

GOLD (XAUUSD)



Gold was trading within a tight range yesterday on the eve of the US Labor Market data. Market participants are waiting for the Non-Farm Employment Change and the Average Hourly Earnings today. However, today in the morning XAU/USD had some growth after the news on the US Rocket assault against Syrian airbase. Gold had a 15USd growth. However, we think that market participants are going to pay more attention to the US Labor Market data today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week, but it is still possible. We think that XAU/USD is going to develop 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 unclear.

SILVER (XAGUSD)



Silver was trading within a tight range yesterday on the eve of the US Labor Market and Average Hourly Earnings data. The price went upwards today in the morning on the news from Syria. However, we think that this momentum is limited as market participants are waiting for the US Labor Market data today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that XAG/USD is going to develop 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 unclear.

Monetary rate is not remain same all day. To trade with this financial position one should be financially adamant. He needs to trade with a proper analysis. He needs to be a good analyzer. But he should avoid over trading is the adamant financial market position. Trade12 provides signals on daily basis and most of the time their signal work better.

Technical Outlook April 10, 2017

EURUSD



The currency pair had a sharp growth after the US Labor market data but then returned to its previous positions and event declined to new lows. Weak US Labor Market data provoked the currency pair’s growth but the market participants thought this data was influenced by bad weather conditions. The main Friday’s data was Average Hourly Earnings, which met the forecasts. We advise to pay attention to the German ZEW Economic Sentiment, which is to be released this week. The price is far from the balance line and we advise to avoid trading today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a moderate decline last week according to our expectations. EUR/USD is likely to develop its downside tendency with some upside corrections in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the Ma55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair was declining on Friday after some upside momentum on the US Labor Market data. This downside tendency started in the second half of the last week and we think it is going to develop in the beginning of new week. There are two main data from the Great Britain this week – UK Labor Market (Claimant Count Change) and UK Average Earnings Index. We expect GBP/USD to increase its volatility on Tuesday and Wednesday during the European Session. The price is far from the Balance line and we advise to “Sit on the Hands” today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was declining last week. We think that GBP/USD is going to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair continued its decline on Friday as the negative news background continues to press on AUD/USD. We think that this negative dynamics is going to develop during the week. There are many important events in the next five days in Australia and the currency pair is able to have high volatility every morning. Home Loans data today disappointed market participants and the currency pair moves downwards. The price is far from the balance line and we advise to avoid trading today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined considerably last week. We think that AUD/USD is going to develop its decline in the next couple of days.

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

USDCHF



The currency pair had some considerable growth after some downside momentum right after the release of the US Labor market data. Market participants reacted on the weaker than expected US Non-Farm Employment Change data first but then it reversed and went upwards as other data was against or even better than forecasts. We think the currency pair is going to grow moderately this week.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth in the end of the last week according to our expectations. We think that USD/CHF is going to develop its upside tendency in the next couple of days.

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


Gold and Silver Technical Outlook April 10, 2017

GOLD (XAUUSD)



Gold was trading moderately even after the release of the US Labor Market data. However, by the end of Friday, XAU/USD declined sharply. We think that the main reason for such a decline were morning US assault on Syrian airbase. Anyway, Friday’s morning growth and evening decline were unpredictable. WE think that Gold is likely to go downwards in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some moderate growth last week. We think that XAU/USD is likely to change 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.

SILVER (XAGUSD)



Silver was more active than Gold but there is still no tendency. We think that XAG/USD is going to establish a downtrend in the nearest future. It is better to do nothing and wait for the situation to become clear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think Silver is going to reverse it 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 unclear.

Technical Outlook April 11, 2017

EURUSD



The currency pair was trading in a small range on Monday as there was no important data to pay attention to. Janet Yellen the Federal Open Market Committee Fed Head underlined in her speech that the Federal Reserve is going to support the US Labor Market and the inflation at near 2% level. She told also that the US economics is “Healthy” enough. FOMC has already hiked rates in 2017 and some experts think the Fed is going to do it two more times before 2018. As for the Eurozone, German ZEW Economic Sentiment data is worth your attention today along with Industrial production. We think that the currency pair is going to develop its downside tendency today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately according to our expectations last week. We think EUR/USD is going to develop its moderate decline with some corrections in the next couple of days.

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

GBPUSD



The currency pair corrected towards the MA55 balance line on the first day of a new week. There was no important data from the United Kingdom yesterday. Today market players are waiting for the UK CPI y/y data, which is able to have considerable impact on fluctuations if it is significantly better or worse than forecasted. We think that GBP/USD is likely to decline today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week frustrating our expectations. We think that GBP/USD is going to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the Ma55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator.

AUDUSD



There was a correction on Monday and the currency pair reached the MA55 balance line. Today’s Australian NAB Business Confidence data was worse than the previous one and we think the currency pair is going to decline in the nearest future. Yesterday’s FOMC Fed Head Yellen’s speech gave some additional support to the US dollar.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined considerably last week frustrating our expectations. We think that AUD/USD is going to develop its downside tendency in the next couple of days.

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

USDCHF



The currency pair had a downside correction on Monday and reached the MA55 balance line finally. This fact allows us to look for long trades as the uptrend is gathering force and there is a probability of further growth.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth in the end of the last week. We think it is likely to develop its upside tendency in the next couple of days.

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


Gold and Silver Technical Outlook April 11, 2017

GOLD (XAUUSD)



Gold was trading in a small range yesterday as there was no events. The situation may change today. XAU/USD is under pressure due to the growing USD and has support from the North Korea situation. The US fleet is going towards the North Korea and there is a high probability of war. We think that Gold is unlikely to decline considerably in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week but it was moderate. We think that XAU/USD is likely to reverse 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 close to the MA55 balance line. We advise to avoid trading today, as the situation is unclear.

SILVER (XAGUSD)



Silver established new weekly lows. XAG/USD is influenced by USD growth. There is a clear downside tendency and we think it is time to look for short trades from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think that XAG/USD is going to reverse its tendency in the next couple of days.

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

Technical Outlook April 12, 2017


EURUSD





The currency pair failed to develop its downside tendency frustrating our expectations and went upwards. Then EUR/USD broke through the trend line. Short trades closed by small stop loss. Geopolitical situation press on the American Dollar and has positive impact on other currencies and precious metals. We advise to pay attention to today’s US export and import prices as they may influence fluctuations. We think that the currency pair is going to develop its upside tendency in the nearest future.


There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. EUR/USD is likely to develop its moderate decline with some upside corrections.


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 broken through trend line. Place stop losses below this line.


GBPUSD





The currency pair had some growth yesterday as USD was under pressure. UK CPI data was also better than forecasted and helped GBP to move higher. The currency pair broke through the trend line during the American session and it is likely to change its direction. However, market participants are going to pay attention to today’s UK Labor Market data. This statistics is likely to influence fluctuations.


There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some decline last week frustrating our expectations. We think that the currency pair is going to develop its downside tendency in the next couple of days.


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


AUDUSD





The currency pair offered opportunities to open short trades according to our recommendations and 150pips stop loss held all upside bursts. The price was in the profit area for 300pips and it was enough to fix positions partially or to protect them. Later, the price moved higher and closed all trades at breakeven level. The currency pair is likely to change its direction as the other currencies did already.


There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined considerably last week and we think it is going to develop its downside 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 close to the MA55. We advise to avoid trading today as the situation is unclear.


USDCHF





The currency pair offered an opportunity to open long trades according to our recommendations, but those positions lead to small losses. There is no trend currently and we think USD/CHF is going to change its direction. It is better to avoid trading today as there is no tendency at the moment.


There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair ended last week with some moderate growth according to our expectations. We think that USD/CHF is going to develop its moderate growth in the next couple of days.


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




Gold and Silver Technical Outlook April 12, 2017


GOLD (XAUUSD)





Gold is growing, as the Geopolitical situation is unstable. The United States are able to start a military campaign against the North Korea and XAU/USD is reacting to this information in its turn. After the assault on Syrian airbase, market participants are afraid of this scenario to take place again. USD is going downwards in its turn and XAU/USD has got some additional momentum. There is the uptrend currently and we advise to look for long trades from the trend line.


The price is close to the upper side of the MA-channel currently.


There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that Gold is able to reverse its tendency in the next couple of days.


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


SILVER (XAGUSD)





Silver had some sharp growth yesterday following Gold. Geopolitical factors are stronger than technical aspects at the moment. There was an opportunity to sell from the balance line, but those trades were closed with small losses. There is no tendency currently and we think Silver is going to reverse its trend. The price is close to the upper side of the MA-channel.


There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver had some moderate growth last week according to our expectations. We think it is going to reverse 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.