Thread: Adamant Finance - Daily Analysis

Technical Outlook May 11, 2017

EURUSD



The currency pair bounced off the broken through trend line according to our expectations. EUR/USD gave enough time to open short trades from the broken through trend line and the price declined for 400pips. It was enough to fix trades. Import and export US data was better than expected and gave some additional support to the US dollar. Market participants are likely to pay attention to US PPI data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some support last week because of the expectations of the French Presidential Campaign and the better than expected Eurozone data.

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.

GBPUSD



The currency pair was trading in a range yesterday. There was no tendency reverse. Market participants are likely to wait for the UK data and the Bank of England Meeting, which is to take place today. 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 declined moderately in the first half of the week, but then grew sharply on the better than expected UK PMI data. We think that GBP/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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair slows down its decline and the short trades were closed by small stop losses. Yesterday’s import and export prices data from the United States pushed the quotes lower, but there were no new lows established. It Is better to avoid selling at the moment.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that AUD/USD is likely to develop this downside dynamics 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 has broken through the trend line frustrating our expectations. We thought that it was going to bounce off the line. Anyway, we gave no trading recommendations yesterday. It is time to try opening long trades today from the broken through trend line. Place small stop losses.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week frustrating our growth expectations. We think that USD/CHF is going to have an upside correction in the next couple of days.

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


Gold and Silver Technical Outlook May 11, 2017

GOLD (XAUUSD)



Gold bounced off the MA55 balance line and there was an opportunity to open short trades according to our recommendations. If you did this, you would have about 780 pips as profit. However, the price failed to establish new weekly lows and we think XAU/USD is likely to start its upside tendency in the nearest future. We give no recommendations for today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price developed its moderate decline last week according to our expectations. We think that XAU/USD is likely to continue 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 avoid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver is trying to reverse its tendency and it is better to fix all short trades from 16,40 level, which were opened earlier. We think that the correction is likely to be deeper and it is better to have some profit now, than to wait for further decline which is disputable. We give no recommendations for today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD develop its decline last week frustrating our expectations. We think that Silver is likely to break through the trend line and the precious metal is going to continue 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 avoid trading today as the situation is unclear.

Technical Outlook May 12, 2017

EURUSD



The currency pair reached the MA55 balance line yesterday, offering opportunities to open short trades according to our recommendations. The price declined for more than 400 pips and then occasions to take profit appeared. US PPI data showed stronger results than expected offering some support to the US dollar. Today market participants attention is going to shift to the US CPI and retail Sales data. The currency pair’s trend slows down step-by-step and if you decide to short EUR/USD, those trades will be of high risk.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some support last week because of the upcoming French Presidential elections and the better than expected Eurozone PMI data. We think that EUR/USD is likely 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 close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses at 150pips from the MA55 balance line.

GBPUSD



The currency pair declined after the release of the results of the Bank of England meeting, which took place yesterday. GBP/USD shows intensions to develop a downside tendency. There was no hints on the probability of the monetary policy tightening despite the growing inflation pressure. The currency pair has broken through the trend line and we think it is time to look for short trades from this trend line area.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week moderately as we had previously expected. However, GBP/USD grew sharply in the second half of the week thanks to better than expected UK data. We think that the currency pair is likely 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 open short trades from the broken through trend line. Place stop losses above this line.

AUDUSD



The currency pair makes an upside correction and it is a good decision to postpone short trades as the situation is unclear. Current tendency is neutral and we advise to avoid trading at the moment. However, we think that today’s US CPI and Retail Sales data is likely to have an impact on the currency pair, which is likely to develop its downside tendency.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think it is going to develop this dynamics 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.

USDCHF



The currency pair offered an opportunity to open trades from the broken through trend line and the price was in the profit area for 250pips. Is was enough to place stop losses at breakeven level. There is no tendency currently and we advise to do nothing at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week frustrating our growth expectations. We think it is going to have a correction in the next couple of days.

There is the uptrend 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 May 12, 2017

GOLD (XAUUSD)



Gold tries to reverse its current tendency upwards and we have taken a good decision to stay away from trading. Upside correction is narrow and it is very uncomfortable to trade in those conditions. We give no recommendations for today as there is no clear tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued to decline last week. We think Gold is likely to develop the same dynamics 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 went back towards 16,40 and we have advised to fix trades. The correction is deep but it may end after the release of today’s US CPI and Retail Sales data. There is no clear tendency and we give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price declined last week frustrating our expectations. We think that Silver is likely to break through the trend line and to develop its decline.

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

Markets100

Technical Outlook May 16, 2017

EURUSD



The currency pair ended the first day of the new week with an active growth. We think that EUR/USD is likely to develop its growth today and then to start a correction in the second half of the week. There are some important events today – German Zew Economic Sentiment (which results are forecasted to be better than previous data) and US Building Permits data. The price is far from the Balance line and it is better to do nothing.

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 grow moderately 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 had an upside correction yesterday and we think GBP/USD is likely to develop this tendency today especially if the UK CPI data will be better than expected (it is going to grow from 2,3 to 2,6% according to forecasts). However, we think that there will be no significant growth anyway as the Bank of England underlined that there will be no monetary policy tightening regardless the growing inflation rate.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was declining last week according to our expectations. We think it 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 open short trades from the MA55 balance line. Place stop losses below this indicator.

AUDUSD



The currency pair is still in the upside correction despite the release of the last Reserve Bank of Australia Meeting minutes. AUD/USD declined briefly and resumed its upside tendency soon. We think that the currency pair is likely to develop its growth in the nearest future.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its decline last week but then went upwards in the second half of the week. We think 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 MA55 balance line. Place stop losses below this indicator.

USDCHF



The currency pair continued its Friday’s decline on Monday. There is a downside tendency currently and we advise to look for short trades. The price is far from the balance line however, and we give no recommendations 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 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.


Gold and Silver Technical Outlook May 16, 2017

GOLD (XAUUSD)



Gold reversed its tendency upwards and we think it is time to look for long trades. However, there is a resistance on the Hourly chart which still holds Gold from moving higher. It is risky to open long trades from here and we advise to wait until the price breaks through the trend line and to open long trades when the price goes to it during a correction or to avoid trading today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its moderate decline last week but then reversed upwards in the end of the last week. We think XAU/USD is likely to develop its upside dynamics 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 or to open trades only if the price breaks through the trend line on the Hourly chart.

SILVER (XAGUSD)



Silver accelerates its growth and breaks through the resistance line. The price moved higher then without a correction towards this former resistance. We can see a strong upside momentum. It is time to look for long trades but the price is far from the Ma55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver made a fakey last week and then returned. We think XAG/USD is likely to develop its upside dynamics 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 May 17, 2017

EURUSD



The currency pair continued its growth according to our expectations, which was supported by both ZEW Eurozone Economic sentiment that was far better than expected and US Building Permits data, which was worse than forecasted. However today EUR/USD is likely to meet its first considerable resistance. There are no chances to open long trades as the growth is truly sharp. We give no recommendations as the price is far from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately last week according to our expectations. We think it is going to have a 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 reacted with growth on the UK better than expected CPI data but then GBP/USD declined sharply. As we had previously mentioned, Bank of England hinted that they are going to follow their current ultra “easy” monetary policy despite the growing inflation pressure. If you had bought from the MA55 balance line, those trades closed by stop losses. There is no clear tendency currently and we think it is a good idea to do nothing today. We give no recommendations.

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 it is going to grow 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. However, there is no clear tendency at the moment and we advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair offered to execute long trades from the MA55 balance line. However, the price did a small 100pips correction before going further upwards. Then, the price went upwards for 300pips and it was enough to fix trades partially. You could also move your stop losses in order to protect your existing trades. Those stop losses have not yet triggered and you may leave those positions.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its decline last week but then moved upwards. We think AUD/USD is likely to continue 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair had a significant downside tendency as CHF was growing against USD. There is not a single chance to open trade in such a sharp movement. The price fails to reach the MA13 and make a single correction.

There is the uptrend on the Weekly chart as the price is above the ma55 balance line. The currency pair had an expected growth last week. 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 unclear.


Gold and Silver Technical Outlook May 17, 2017

GOLD (XAUUSD)



Gold offered opportunities to open long trades from the broken through trend line. This break through wasn’t sharp and you had a chance to open long trades with closer stop losses. The price was in the profit area for 1100 pips.

You could fix trades partially, leaving some positions as this growth has a huge potential and the price may go further. We advise to hold some of your trades and place stop losses at breakeven level.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined moderately last week but then went upwards. 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 hold your trades but to avoid opening new ones.

SILVER (XAGUSD)



Silver offered opportunities to open long trades from the MA13, but we gave no recommendations. There is a strong uptrend here, but the price is far from the MA55 balance line. You can try open new trades from the MA13, but risks are very high.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver did a fakey last week and returned in the second part of the week to its previous positions. 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

Technical Outlook May 18, 2017

EURUSD



The currency pair is still far from the MA55 balance line and leaves to MA-channel from time to time. There are no opportunities to open trades as we have previously mentioned. You could open long trades from the MA13 yesterday, but the price went 150pips in the opposite side. Macron’s victory inspired business as there is no more threat of the Frexit procedure. This event resulted in EUR/USD rally. We give no recommendations today as the price is far from the MA55 balance line and is close to the upper side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately last week according to our expectations. We think EUR/USD is likely to grow moderately 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 had some growth yesterday after the release of the UK Labor Market data, which was better than expected, as the number of unemployed persons decreased. However, this growth is fragile as the currency pair has met a resistance level on the Weekly chart. If it breaks it through, there will be chances for the further growth. However, the currency pair shows no intention to develop its upside tendency at the moment. We advise to wait for short trades opportunities.

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 it is going to grow 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 ended yesterday’s long trades at breakeven level. AUD/USD failed to grow further and we think it is preparing for another downside tendency. However, today’s Australian Labor Market data was better than expected and SUD/USD had some growth, which is likely to be limited by the trend line on the Hourly chart. If the currency pair fails to break through 0,7450 level, there will be opportunity to open short trades with high risks.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its decline last week but reversed in the second half of the week. We think AUD/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 open short trades from 0,7450. Place stop losses at 0,7460.

USDCHF



The currency pair continued its decline yesterday. There is not a single chance to open trades. There was an opportunity to sell yesterday from the MA13, but the price was close to the lower side of the MA-channel and the risks were too high.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week as we had previously expected. We think USD/CHF 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook May 18, 2017

GOLD (XAUUSD)



Gold had some growth yesterday according to our expectations and there was an opportunity to open long trades from 1234,00. If you opened positions, you could fix them close to 1261,00. The profit was equal to 2 700pips. Risks were low but the reward was at maximum. We think it is time to stop trading Gold as there will be no huge moves this week anymore.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price declined moderately last week, but then moved upwards in the end of the week. We think that the upside dynamics is likely to develop 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 offered opportunities to open long trades from the MA13, but the profit was small. However, you had a chance to fix trades partially and to protect the rest. There is no tendency currently and we advise to do nothing today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAG/USD made a fakey last week and returned to its previous positions. We think 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 May 19, 2017


EURUSD





The currency pair ended its upside tendency yesterday and went back towards the MA55 balance line. We think EUR/USD is likely to start a deep correction. The MA55 balance line still looks upwards but we think it is going to change its bias today. We give a recommendation to sell if this happens. Look for two conditions to open short trades – the MA55 should have a downside bias and the price should be below the curve. There is no important data today and we think the currency pair is likely to develop this current dynamics.


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 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 below the MA55 balance line. We advise to open short trades from 1,11350.


GBPUSD





The currency pair had a strong growth yesterday after the release of the UK Retail Sales data, which was far better than expected. Retail Sales in the United Kingdom showed serious growth (2,3% against -1,4% previous data). However, the growth was temporary and the currency pair went downwards during the American session. GBP/USD shows intentions to decline, but the MA55 balance line still looks upwards.


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. We think GBP/USD is going to grow significantly 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 ad vise to avoid trading today as the situation is unclear.


AUDUSD





The currency pair made some attempts to establish new highs above 0,7450 and short trades from that level closed by stop loss. However, the price failed to reach the trend line and we advise to pay attention to the currency pair’s fluctuations. If it goes downwards, there will be opportunities to sell.


There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued to decline but then sharply grew in the second half of the last week. We think AUD/USD is likely to develop some moderate growth and then 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


USDCHF





The currency pair went back to the MA55 balance line and we think it is time to look for short trades with close goals. Current tendency is still strong and we think there will be no sharp reverse in the nearest future. We recommend trying to sell with close stop losses today.


There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth as we had previously expected. We think USD/CHF is likely 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 open short trades from 0,98100-0,98200. Place stop losses at 0,98300.




Gold and Silver Technical Outlook May 19, 2017


GOLD (XAUUSD)





Investors were fixing long trades yesterday, which resulted in a sharp decline in the second half of the day. We had no opened trades at that moment and were just observing the fluctuations. There is still the uptrend but the price is below the MA55 balance line at the moment. We think that XAU/USD is likely to change its tendency 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 price continued to decline moderately last week but then moved upwards. We think that Gold is likely to develop its upside dynamics 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.


SILVER (XAGUSD)





Silver started to change its tendency yesterday and we think that it is time to look for short trades from the MA55 balance line. Yesterday’s US data was better than expected and USD has some additional support. Precious metals are likely to decline in the nearest future, if USD goes upwards.


There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver made a fakey last week and then went back to its previous positions. We think than XAG/USD is likely to develop its upside dynamics 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 May 22, 2017

EURUSD



The currency pair resumed its growth on Friday and the sort trades, which were opened according to our recommendations, closed by stop losses. The main reason for the failure was that we have not waited for the tendency to reverse. We give no recommendations to buy as the price is far from the MA55 balance line. There are many Federal Open Market Committee members comments this week. Market participants will also pay attention to the European Central Bank head’s comments this week. Investors will look for some hints on further monetary policy tightening.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some significant growth last week frustrating our moderate growth expectations. We think that this week’s dynamics will depend on the political situation in the United States.

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 with an upside correction on Friday and today GBP/USD starts to reverse its tendency. It is still too early to open short trades but we think that the price is likely to be ready to develop its downside tendency tomorrow. As for the Weekly chart, we still can see some signs of further growth and we think that the predicted decline may be limited. We give no recommendations, as the currency pair still trying to make a clear reverse.

There is the downtrend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was fluctuating according to our expectations and had some moderate growth. We think it is going to 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 went to the trend line as you may see it on the chart and started to test it. There is no clear trend at the moment and it is hard to say whether AUD/USD is going to break through this resistance or stays below. If it manages to break through the resistance, we recommend buying the currency pair. Place stop losses below the line in the case.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations and failed to go down by the end of the last week. We think 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 unclear.

USDCHF



The currency pair develop its decline according to our expectations. There was no opportunity to open short trades from 0,98100-0,98200 according to our expectations as the price failed to reach those levels. However, the currency pair is likely to continue its decline after a sort of a correction. The first significant resistance to prevent USD/CHF from a correction is a trend line on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think USD/CHF is likely to develop its downside tendency in case if the political situation in the United States will press on USD.

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


Gold and Silver Technical Outlook May 22, 2017

GOLD (XAUUSD)



Gold corrected to the trend line on the Hourly chart on Friday. We think that this pattern indicates on the probability of further decline. However, as for the weekly chart, we see there the probability of growth towards the trend line and it means that the trend line on the Hourly char is likely to be broken through. It is better to do nothing at the moment as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its growth last week according to our expectations. We think that the price is likely 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 offered an opportunity to open short trades according to our recommendations. However, this downside tendency stopped and today there will be neutral tendency. There is no clear bias at the moment and we advise to do nothing.

There is the downtrend on the weekly chart as the price is below the MA55 balance line. Silver continued its growth last week according to our expectations. XAG/USD is likely to develop its upside dynamics in the next couple of days if it goes through 17,00 level.

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

Technical Outlook May 23, 2017


EURUSD





The currency pair resumed its growth after a morning correction yesterday. Price failed to reach the MA55 balance line and there was no opportunity to buy. Market participants are waiting for the release of the Federal Open Market Committee meeting minutes. There is important German and Eurozone data today and we expected the volatility to grow. The price is far from the MA55 balance line and we give no recommendations today.


There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had considerable growth last week frustrating our moderate growth expectations. We think that the dynamics is going to depend on the US political situation this week.


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


GBPUSD





The currency pair was trading within Friday’s range. We think GBP/USD is likely to leave this range today after the Bank of England’s inflation report. The currency pair still has no clear direction of fluctuations and there is no tendency currently.


There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that GBP/USD is likely 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.


AUDUSD





The currency pair has tested the trend line during the Asian session and has broken it through. Then it went towards the trend line again offering some long trades opportunities, as we had previously expected. We think that it is bad time to do anything at the moment if you failed to open trades when the price was close to the trend line.


There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations. We think AUD/USD is going to 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 developed its decline yesterday according to our expectations. We have deleted trend line as it is no more actual. The price is likely to go upwards towards the trend line on the Weekly chart, but the current pattern indicates on the probability of further decline. You can try short trades 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. We think it is going to develop its downside tendency in the next couple of days in case of favorable US political 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 this indicator.




Gold and Silver Technical Outlook May 23, 2017


GOLD (XAUUSD)





Gold is following the expected scenario and the price has broken through the trend line on the Hourly chart. There is no clear tendency currently, but there is a probability of growth and we think it is time to look for long trades from the broken through trend line. US Interest Rates hike expectations are high again, but Gold still holds its positions and even seems to go higher. We think that investors are paying more attention to the probability of impeachment to Donald Trump.


There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its growth last week according to our expectations. We think Gold is likely to grow in the next couple of days. If the trend line on the Hourly chart is going to be broken through.


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 the line.


SILVER (XAGUSD)





Silver established new highs from May 1st. Those signs are indicating that the precious metal is ready to grow further. The key 17,00 level was crossed and we advise to open long trades from its area.


There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver continued its growth last week according to our expectations. We think that the precious metal is going to develop its upside dynamics 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 17,00 area. Place stop losses below this level.

Technical Outlook May 24, 2017

EURUSD



The currency pair started to decline yesterday as market participants were fixing their positions on the eve of today’s Federal Open Market Committee Meeting minutes. Investors decided to avoid risks and they were partially fixing their trades after a considerable growth. Eurozone’s better than expected data was unable to support the currency pair’s growth. Market participants are going to pay attention to today’s FOMC meeting minutes.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some considerable growth last week frustrating our moderate growth expectations. EUR/USD’s dynamics will depend on the political situation in the United States 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 still looking for its direction of fluctuations. There was no release of the inflation Report by the Bank of England. We think that it is some error in the schedule. The main event for today is the Federal Open Market Committee meeting minutes. We think that the currency pair is likely to choose any direction after this event and there will be opportunities to open trades tomorrow.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some growth according to our expectations. We think that GBP/USD is likely to develop its 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 managed to pass about 500pips above the trend line but today AUD/USD is trying to cross this line fr om the upper side. This situation is due to the Moody’s rates on China, which are worse than expected. We still have no idea wh ere this downside tendency is going to make a stop but we think that the dynamics is likely to change after the Federal Open Market Committee Meeting minutes release.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some moderate growth last week according to our expectations but it failed to decline by the end of the week. We think AUD/USD is likely to develop its 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.

USDCHF



The currency pair managed to reach the MA55 balance line allowing traders to sell from there. The price declined for 400pips and it was enough to fix profit. There is no tendency today and we advise to avoid trading.

There is the uptrend on the weekly chart as the price is above the Ma55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook May 24, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open long trades according to our recommendations and stop loss triggered. The price went below the trend line, and there is a fakey at the moment on the chart. We think that this situation is due to the release of the FOMC meeting minutes release. Market participants are fixing their trades.

There is no trend on the Weekly chart a the price is close to the MA55 balance line. The price continued its growth last week according to our expectations. We think gold is likely to develop its growth in the next couple of days, if it breaks through the trend line on the Hourly chart.

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.

SILVER (XAGUSD)



Silver declined to 17,00 offering opportunities to open long trades according to our recommendations. Then the price went upwards for 25 pips and it was enough to fix positions. A little bit later the price went towards 17,00 level again and broke it through. We think that it is better to do nothing today and to take decisions after the FOMC meeting minutes results release.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver continued its growth last week according to our expectations. We think that XAG/USD is likely to develop its upside dynamics if 17,00 level is to be passed.

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.