Thread: Adamant Finance - Daily Analysis

Technical Outlook April 13, 2017

EURUSD



The currency pair was trading in a range yesterday but had a sharp growth during the American session. Donald trump said that USD’s high price does not allow the currency to be competitive. The currency pair’s growth was due to a decline of USD. Currencies skip statistics at the moment and are fluctuating according to news background. There was an opportunity to open trades according to our recommendations and earn about 250 pips. There is the uptrend currency and it is better to look for long trades only.

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

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.

GBPUSD



The price failed to reach the broken through trend line and there was no opportunity to open long trades from there. UK Labor Market data was mixed and had almost no impact on fluctuations. Market participants are going to pay attention to today’s US data. There are two main releases to follow – PPI and UoM Prelim Consumer Sentiment.

There is the downtrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was declining last week frustrating our expectations. We think GBP/USD 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 MA55 balance line or from the trend line. Place stop losses below those indicators.

AUDUSD



The currency pair reversed its tendency upwards according to our expectations and increased its speed after the Australian Labor Market data, which was better than expected. Trend starts to look upwards and we advise to look for long trades.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from 0,7505. Place stop loss at 0,7490.

USDCHF



The currency pair established a downside tendency and broke through the trend line. There are almost no doubts that a new tendency is strong. We think it is time to look for short trades from the MA13 or from the broken through trend line.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA13 or from the broken through trend line. Place stop losses above those indicators.


Gold and Silver Technical Outlook April 13, 2017

GOLD (XAUUSD)



Gold was trading in a tight range yesterday but had a sharp growth During the American session after Donald Trump’s speech. The American president noticed that USD is too strong at the moment and this fact does not allow the US currency to be competitive. Those words gave additional support to XAU/USD. Gold was growing previously on news from North Korea. The price is close to the upper side of the MA-channel. 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 moderate growth last week according to our expectations. We think that XAU/USD is going 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 do nothing today as the situation is unclear.

SILVER (XAGUSD)



Silver had a correction yesterday to its previous growth and develop its upside tendency during the American session after the US President Donald Trump’s speech. There is a change in tendency but it is still too early to open trades as 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. There was some growth last week according to our expectations. We think XAG/US is going 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.

Technical Outlook April 14, 2017

EURUSD



There was fixation of long positions yesterday on the eve of Good Friday. European Banks are on holiday today and the volatility is low. Long trades according to our recommendations failed to bring profit and closed by stop losses. Market participants are likely to pay attention to the US CPI and Retail Sales data. Those statistics are going to meet previous figures according to forecasts. However, it is better to stay on guards and be careful during the American Session. 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 some moderate decline last week according to our expectations. We think the currency pair is able 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair reached the MA55 balance line in the end of Thursday and there was no sense to open trades. This correction may lead to a sharp upside burst. However, European Banks are closed today and the volatility is low. We advise to do nothing today.

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

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

AUDUSD



There was no opportunity to open trades according to our recommendations as the price failed to reach the necessary level. There is a holiday in Australia today and we expect AUD/USD to be trading with low dynamics. We advise to do nothing today.

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

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

USDCHF



The currency pair offered an opportunity to sell from the MA13 and from the broken through trend line. However, those trades were unsuccessful and closed by stop losses. European Banks are closed today due to Good Friday but the volatility may rise during the American Session because of large number of important statistics. However, we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth last week according to our expectations. We think it 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

Technical Outlook April 17, 2017

EURUSD



The currency pair was trading in a tight range on Friday on the eve of Easter as the market participants’ activity was low. Today holiday in Europe goes on and the activity may also be low during the European Session. However, American banks are working and there may be volume increase during the American session. There is few important statistics this week and the next five days promise to be quiet. It is better to do nothing today as the volatility is low at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction because of the US data which is able to postpone the next Interest Rates hike in the United States. The currency pair is likely to continue 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.

GBPUSD



The currency pair was trading in a tight range on Friday on the eve of Easter. Today Europe is on holiday again and we think this weak dynamics is likely to continue. We think that GBP/USD is going to develop its moderate growth during this week. It is better to do nothing today due to weak dynamics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all is lost positions last week. We think that GBP/USD is likely 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 avoid trading today as the situation is unclear.

AUDUSD



The currency pair was trading with low volatility on Friday on the eve of Easter. There is another holiday in Australia today and we think that the volatility is going to be low. 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. The currency pair had a considerable upside correction last week. We think that AUD/USD is likely 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 avoid trading today as the situation is still unclear and the volatility promises to be low.

USDCHF



The currency pair moved downwards and Friday during the American session as we had previously expected. This downside momentum had 200pips length and it was the highest move for all day. Market participants are on holiday today and the situation promises to be alike. It is better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week frustrating our expectations. We think that USD/CHF is likely 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook April 17, 2017

GOLD (XAUUSD)



Gold is likely to be trading in a tight range due to the Easter holidays in Europe. Precious metals market was closed on Friday on the eve of Christian holiday. We think that the price is going to start its move towards the MA55 balance line. XAU/USD has some potential for further growth as there are news that the United States sent some more carriers closer to North Korea. If those facts will be proved, Gold is likely to develop its growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week. XAU/USD was developing its growth. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver is likely to go back towards the MA55 balance line today as the fluctuations promises to be weak due to the Easter holiday in Europe. Traders can try long trades tomorrow if nothing changes. It is better to do nothing today as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. There was no tendency reverse last week and XAG/USD developed its growth. We think that Silver is likely to develop its upside tendency in the next couple of days.

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

Technical Outlook April 18, 2017

EURUSD



The currency pair had some growth yesterday because of weaker than expected US inflation data, released on Friday. The Interest Rates hike odds decreased to 43% from 56% in June. The market participants are not so sure in hawkish moods within The Federal Open Market Committee. The most important data today is Building Permits. There is no important statistics from Eurozone today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction due to the US CPI and Retail Sales data, which was worse than expected last week. This statistics is able to postpone the next Interest Rates hike by the Fed. We think that the currency pair is likely 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 area. Place stop losses below this indicator.

GBPUSD



The currency pair was trading with some growth yesterday because the Interest Rates hike odds decreased. We think that GBP/USD is likely to develop its growth today and we advise to look for long trades only. There is no important data today except US Building Permits. The forecasts are positive.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all positions, lost last week. We think that GBP/USD is likely to develop its moderate growth.

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 MA55 or below the trend line.

AUDUSD



The currency pair declined today during the Asian session after the release of the latest Reserve Bank of Australia Meeting Minutes. However, USD is under pressure because of Friday’s weaker than expected inflation data. The price declined to the broken through trendline, offering some good opportunities to buy with close stop loss.

There is no tend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had an upside correction last week. We think that AUD/USD is likely 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 the MA55 balance line.

USDCHF



The currency pair was trading within a tight range with a slight downside bias. The price broke through the trend line and there was even some opportunities to open trades. We advise to wait until the price reaches the trend line and then to sell from this line.

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

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


Gold and Silver Technical Outlook April 18, 2017

GOLD (XAUUSD)



Gold was trading with a downside bias but we think that it is able to establish an upside tendency. There are several reasons for growth as we are on the eve of French presidential campaign. There is another reason for XAU/USD to resume its growth – two more US carriers are on their way towards North Korea. United States officials announced their neutral position, but three carriers close to North Korean shore hint on the probability of a confrontation. This allows Gold to develop its upside tendency. We think that XAU/USD is likely to develop its decline today.

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

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

SILVER (XAGUSD)



Silver declines and established new lows already. XAG/USD broke through the MA 55 balance line. Silver is likely to develop its decline in the nearest future. We advise to do nothing as it is better to avoid trading contrary to the current tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week frustrating our expectations. We think XAG/USD is likely to develop its upside tendency in the next couple of days.

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

Technical Outlook April 19, 2017

EURUSD



The currency pair had a considerable growth yesterday without a correction towards the Ma55 balance line. There was no opportunity to open long trades according to our recommendations. Yesterday’s US data was mixed and offered no support to USD.

Today market participants are going to pay significant attention to Eurozone Final CPI data. The price is close to the upper 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. The currency pair started its upside correction last week due to the mixed US data which is likely to postpone the next Federal Open Market Committee’s decision to hike Interest Rates. We think that the currency pair is able 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 avoid trading today as the situation is unclear.

GBPUSD



The currency pair moved to the MA55 balance line and to the trend line. There was an opportunity to open long trades according to our recommendations and this position closed by stop loss. The price went upwards then. This sharp growth was provoked by the news that Theresa May is going to conduct parliamentary elections ahead of time. This event is scheduled for June 8th. She aims to gather as more of her Party member as possible. The price is above the upper side of the MA-channel and we advise to avoid doing anything today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all her positions last week. We think that GBP/USD is likely 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 avoid trading today as the situation is unclear.

AUDUSD



The currency pair continued its downside dynamics. There was an opportunity to open long trades but small stop losses triggered. AUD/USD changed its tendency and it is time to look for short trades according to technical analysis. However, it is better to do nothing today as other currencies are growing against USD.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction to its previous decline last week. We think it 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 avoid trading today as the situation is unclear.

USDCHF



The currency pair failed to grow towards the broken through trend line as it had done it previously. However, it was close to the MA55 balance line offering opportunities to open short trades according to our recommendations. The price was in a profit area for 870 pips. The price is far from the MA55 balance line today and we advise to do nothing.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair had a moderate decline last week frustrating our expectations. We think that USD/CHF is likely to develop its moderate decline in the next couple of days.

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


Gold and Silver Technical Outlook April 19, 2017

GOLD (XAUUSD)



Gold was trading in both directions yesterday and the precious metal “feels good” on current levels. The United States are going to send two more carriers to North Korea next week and Gold has some time to consolidate before its future growth. We think that the volatility is going to grow considerably next week because of the geopolitical situation and French presidential campaign.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week as Gold developed its upside trend. We think that XAU/USD is likely to continue 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.

SILVER (XAGUSD)



Silver is declining and we can see a clear downside tendency. We think it is time to look for short trades today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

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

Technical Outlook April 20, 2017

EURUSD



The currency pair corrected towards the MA55 balance line yesterday after some considerable growth. We think that the correction is likely to develop today. Yesterday’s Eurozone CPI data met expectations and the inflation is still below 2% level although it is close to European Central Bank target. Today market participants are going to pay attention to Philly Fed Manufacturing index, which is expected to decline as compared to its previous meaning. We think that the currency pair is going to bounce off 1,07300 towards the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its correction growth because of the mixed US data last week. This fact is able to postpone the next Federal Open Market Committee Interest Rates hike decision. The currency pair is likely 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 the indicator.

GBPUSD



The currency pair had a correction yesterday but it is able to develop its decline towards the MA55 balance line. We think it is time to look for long trades from the MA55 balance line. Market participants are going to pay attention to the US data and the Head of the Bank of England’s speech. The price is likely to bounce off 1,28300 and move towards the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all its previously lost positions. We think GBP/USD is likely 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 the indicator.

AUDUSD



The currency pair continued its downside tendency yesterday despite the fact that other currencies were growing against the US dollar. As we had previously mentioned, there was some opportunities to open short trades but risks were high and we gave no recommendations. However, the tendency becomes stronger and it is still time to look for short trades. Remember about risks, that are still too high.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a significant correction last week. We think it is going to develop its moderate growth in the next couple of days.

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

USDCHF



The currency pair had a correction towards the Ma55 balance line and it almost reached the indicator yesterday. We think it is time to look for short trades from the balance line, if the price goes back there. It was a good opportunity today during the Asian session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our expectations. We think that is it 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 the indicator.


Gold and Silver Technical Outlook April 20, 2017

GOLD (XAUUSD)



Gold was trading with some decline yesterday according to our expectations. As we had previously mentioned, XAU/USD has some space for consolidation on the eve of its eventual growth next week. Gold has changed its tendency and it is time to look for short trades with close targets.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no change in tendency last week frustrating our expectations. We think that XAU/USD is likely to develop its growth in the next couple of days.

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

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and offered no opportunities to open short trades. W think it is time to look for short trades from the upper trend line as XAG/USD is likely to break through the lower trend line. The precious metals are likely to decline in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no change in tendency last week frustrating our expectations as Silver was developing its moderate growth. We think that XAG/USD is likely to continue its growth in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA5 balance line. We advie to open short trades from the upper trend line. Place stop losses above this line.

Technical Outlook April 21, 2017

EURUSD



The currency pair failed to bounce off 1,07300 level as we had previously expected. There was no opportunity to open long trades from the MA55 balance line. US Philly Fed Manufacturing Index was worse than expected, but USD started its upside correction. There is a bearish pattern at the moment and the tendency starts to reverse. We think it is time to look for short trades from 1,07300 today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction last week as the US data was mixed. This statistics is able to influence The Federal Open Market Committee next Interest Rates hike decision. The currency pair is likely to develop its moderate growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short trades from 1,07300. Place stop losses above this level. Remember that this short position is risky!

GBPUSD



The currency pair approached the MA55 balance line in the beginning of the American session allowing opening long trades according to our recommendations. The price went upwards then for more than 500pips that was enough to take profit or to fix positions partially. We can see the tendency reverse today. AS for the statistics, market participants are likely to pay attention to the UK Retail Sales data, which is able to influence volatility today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all its lost positions last week. We think that GBP/USD is likely to develop its moderate growth in the next couple of days.

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

AUDUSD



The currency pair approached the MA55 balance line offering some opportunities to open positions according to our recommendations. The price declined for 180pips that was enough to protect trades. Unfortunately, there was no further decline yesterday. We think it is time to look for short trades from 0,75300-75550 levels.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a significant correction last week. We think it is going to develop its moderate growth in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the Ma55 balance line. We advise to open short trades from 0,75300-75550 levels. Place stop losses above those levels.

USDCHF



The currency pair went back to the MA55 balance line but it happened by the end of the American session and it was too late to do anything. It was not a good idea to execute short trades after a decline during the day. We can see a tendency to change at the moment and it is better to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair ended last week with a moderate decline frustrating our expectations. We think that USD/CHF is likely to develop its moderate declined 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.


Gold and silver Technical Outlook April 21, 2017

GOLD (XAUUSD)



Gold was trading in a small range offering an opportunity to sell according to our recommendations. Those who have opened trades, had a chance to earn about 6USD. It was also enough to fix profit as we had previously mentioned that targets should be close. You can try to repeat yesterday’s scenario with short trades and close targets.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week, as Gold developed its upside tendency. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

SILVER (XAGUSD)



Silver offered opportunities to open trades according to our recommendations from the upper trend line. Those who have sold XAG/USD had a chance to earn about 30pips it was enough to fix positions. It is better to “sit on your hands” today as the price is far from the balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week as XAG/USD resumed its uptrend. We think that Silver is likely to develop its upside tendency in the next couple of days.

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

Technical Outlook April 24, 2017

EURUSD



The currency pair offered an opportunity to open short trades according to our recommendations from 1,07300 on Friday. The price was in a profit area for 450pips and you had a chance to earn some money. The currency pair opened new week with a huge upside gap after yesterday’s French Presidential elections. There only two candidates to fight in the second tour of the elections – Marine Le Pen and Emmanuel Macron. There is a minimum gap between them. There is not much important data this week and we think that the currency pair’s dynamics is going to be weak.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week and even increased its speed. We think that EUR/USD is likely to decline moderately after Monday’s considerable gap.

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

GBPUSD



The currency pair was trading in both directions on Friday and there was no clear tendency in its fluctuations. We think that GBP/USD is going to decline moderately in the next five days. There is important data on Friday (Prelim UK GDP q/q and Advance US GDP q/q). We think that market participants are going to pay more attention to USD.

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 according to our expectations. We think it is going to decline 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 at the moment.

AUDUSD



The currency pair offered an opportunity to sell from 0,75300-75550 according to our recommendations. The price was in a profit area for 200-250pips and there was an opportunity to protect trades. There was no further decline on Friday as the currency pair was trading in a tight range. We think that AUD/USD is going to be trading in both directions in the next couple of days.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading in both directions last week. We think that AUD/USD is likely to develop a moderate downside tendency in the next couple of days.

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

USDCHF



The currency pair is still trading in neutral position and it is better to do nothing. USD/CHF started this new week with a gap, but is it already closed and the currency pair is likely to develop its mixed dynamics in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a decline last week according to our expectations. We think USD/CHF is likely to develop is upside correction in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook April 24, 2017

GOLD (XAUUSD)



There was an opportunity to sell XAU/USD on Friday according to our recommendations from the MA55 balance line. However, this trade was closed by small stop loss. The price went above the MA55 balance line towards the trend line and bounced off it successfully. Today’s gap is due to the French elections as two candidates Macron and Le Pen are going to continue their fight in the second tour. There is another chance to sell Gold according to technical analysis.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The trend line was an obstacle for the further growth last week. We think that Gold is likely to develop its downside tendency in the next couple of days. However, pay attention to the geopolitical factors.

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

SILVER (XAGUSD)



Silver is still far from the MA55 balance line. We expect XAG/USD to start an upside correction in the nearest future and it is too risky to open trades at the moment. We advise to wait for this correction 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. The price failed to break through resistance level last week. We think that XAG/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.

Technical Outlook April 25, 2017

EURUSD



The currency pair was trading in a tight range yesterday after a significant morning gap. The currency pair is likely to quit this range during the American session after the US CB Consumer Confidence data release. This statistics is expected to decline a little, but it is still close to its historical highs. We think that USD is likely to grow a little.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week. We think it is going to develop a downside tendency in the next couple of days.

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

GBPUSD



The currency pair was trading in a limited range on Monday and is likely to decline today. There is a pattern on chart indicating that this decline is likely to take place even before the release of the US data. If the price goes below 1,2770, there will be some opportunities to open long trades.

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 according to our expectations. We think it 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 still unclear.

AUDUSD



The currency pair bounced off the trend line yesterday and we think it is going to decline in the next couple of hours. This eventual decline may be provoked by today’s US CB Consumer Confidence data, which is to be released during the American session. However, we give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading in both directions last week. We think it is going to decline in the next couple of days.

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

USDCHF



The currency pair was trading with no clear tendency and was fluctuating within a tight range according to our expectations. USD/CHF has closed the gap yesterday. It is better to do nothing at the moment. We think that the currency pair is likely to grow towards the trend line on the hourly chart today.

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 develop the upside correction in the next couple of days.

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


Gold and Silver Technical Outlook April 25, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades from the MA55 balance line during the Asian session. IF you had a chance to open trades, it is time to protect them. However, it was better to do nothing as no more drivers were expected. The price established new lows before it reached the MA55 balance line. We think that Gold is likely to develop its downside correction in the nearest future.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The trend line prevented Gold from further growth. We think that XAU/USD is likely to develop is downside tendency, but Gold’s dynamics will depend on geopolitical situation.

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.

SILVER (XAGUSD)



Silver breaks through the trend line and is going above the MA55 balance line. However, this situation is alike a pause on the eve of further decline. There is the downtrend still, but the fact that the trend line was broken through and the price is above the MA55 balance line hints on the probability of a tendency reverse.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. We think that XAG/USD is likely to develop its decline in the next couple of days.

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

Technical Outlook April 26, 2017

EURUSD



The currency pair developed its growth yesterday as market participants are persuaded that Emmanuel Macron is going to win French Presidential elections in the second tour. However, we think that the situation is not clear as there are preliminary exit polls on the way. Yesterday’s Conference Board data was worse than expected and pushed USD lower. There is no important data today and we think that technical analysis will be of high importance. The price is close to the upper side of the MA-channel and the risks are high. It is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week. We think it is going to decline moderately after Monday’s significant gap.

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 MA13. However, this position will be of high risk and it is better to wait for other opportunities.

GBPUSD



The currency pair was trading within a limited range yesterday. It is fluctuating here for a week already. There was no downside break through. The currency pair is looking to move higher according to the technical analysis. You can try long trades but they are risky.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was growing last week according to our expectations. We think it is going to decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to wait for the price to break through the upper side of the range and to move back to it and then to open long trades. However, those positions will be very risky.

AUDUSD



The currency pair is declining. US data was mixed yesterday and failed to give some support to USD. However, today’s Australian CPI data was disappointing and the currency pair went downwards. There is no trend here 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. The currency pair was trading in both directions last week. We think AUD/USD is likely to decline 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair failed to move closer to the MA55 balance line on the Hourly chart but it was developing a downside tendency. We think it is time to look for short trades as there is no important data on the way and technical factors are going to influence fluctuations.

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 AUD/U is going to develop its upside correction in the next couple of days.

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


Gold and Silver Technical Outlook April 26, 2017

GOLD (XAUUSD)



Gold failed to move closer to the MA55 balance line and there was no opportunity to open short trades. However, XAU/USD declined considerably . The price almost reached the lower trend line on the Hourly chart. We think XAU/USD is likely to bounce off the trend line and there is a probability that the price is going to go back towards the MA55 balance line today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The trend line prevent Gold from growth last week. We think XAU/USD is going to develop its downside dynamics in the next couple of days. However, everything will depend on the geopolitical situation.

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.

SILVER (XAGUSD)



Silver continued its decline yesterday and made a fake break through of the trend line. We have mentioned yesterday that XAG/USD is going to make a pause. Gold is likely to stop its decline today and Silver still has some space to develop its downside tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD failed to develop a strong downside tendency last week as the resistance was strong. We think that Silver is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from 17,70 level.