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Technical Outlook May 25, 2017
EURUSD
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The currency pair was trading with an upside bias after the release of the Federal Open Market Committee meeting minutes. Those minutes say that the monetary policy is going to be the same but there will be another Interest Rates hike in the nearest future. However, some FOMC members are worried about inflation decrease. There was no significant change in price and we think you can try to open short trades from the weekly highs. This trade, however, is too risky as you are going to open positions in the opposite direction to the current tendency.
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 frustrating our moderate growth expectations. We think that EUR/USD’s dynamics is going to depend on the political situation in the United States.
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 sell from 1,12600 level. Place stop losses above this level.
GBPUSD
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The currency pair continues its downside correction. There are no opportunities to open trades in this situation. The FOMC meeting minutes failed to provoke volatility growth and the currency pair is still trading without any direction.
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 the currency pair is going to grow in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
AUDUSD
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The currency pair went upwards after the FOMC meeting minutes. The price reached the weekly highs and bounces off them. However, we think AUD/USD is going to break through those highs. There is almost no tendency at the moment 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 had some moderate growth last week according to our expectations but failed to decline in the end of the week. We think the currency pair is likely to develop upside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
USDCHF
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The currency pair was in a range yesterday and started to decline right after the FOMC meeting minutes release. USD/CHF is almost ready to go further downwards but we give no recommendations as there is no clear tendency yet.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week according to our expectations. USD/CHF is likely to develop its decline in the next couple of days in case if the US political situation remains unstable.
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 May 25, 2017
GOLD (XAUUSD)
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Gold had some growth after the US FOMC meeting minutes release. Those minutes say that the monetary policy remains unchanged and the FOMC members are going to increase Interest rates but some of them are worried about the inflation decrease. June Interest Rates hike expectations remained unchanged. The price is within a triangle without any tendency. 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 had some growth last week according to our expectations. Gold is able to grow this week if it is going to break through the trend line.
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)
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Silver was growing yesterday after morning’s decline. The price is close to is weekly highs and may establish new ones. There is the upside tendency currently and we think it is time to try long trades from the MA55 balance line.
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 XAG/USD is likely to develop its upside dynamics in the next couple of days if the price breaks through 17,00 level.
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.
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Technical Outlook May 26, 2017
EURUSD
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The currency pair continued its range fluctuations with high volatility. There was not a single chance to open short trades as the price failed to reach to necessary level. The currency pair crossed the trend line on the Hourly chart and we think EUR/USD is likely to develop downside tendency in the nearest future. We advise to open short trades from the broken through trend line.
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 on the United States within 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 broken through trend line. Place stop losses above this indicator.
GBPUSD
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The currency pair declined yesterday after the release of the UK GDP data, which was worse than expected. GBP/USD accelerated its decline today in the morning and the price broke through the trend line on the Hourly chart. This indicates on the probability of further downside tendency to develop. We think it is time to look for short trades from the broken through 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 that the currency pair is going to 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. Place stop losses above the indicator.
AUDUSD
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The currency pair shows the same dynamics as its allies currencies. AUD/USD accelerated its decline today in the morning and the price has broken through the trend line on the Hourly chart. This fact indicates on the probability of further decline. We advise to try short trades from the broken through 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, but it failed to decline towards the end of the week. We think AUD/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 broken through trend line. Place stop losses above the line.
USDCHF
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The currency pair was trading within a tight range last week. We think that there is a probability of a significant growth today, but there is still no tendency currently. It is better to do nothing today as the situation is unclear.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think it is likely to develop its downside tendency. However, USD/CHF depends now on the political situation in the United States.
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 May 26, 2017
GOLD (XAUUSD)
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Gold is trading within a triangle without any clear direction. We think the precious metal is going to continue this dynamics today. There is important US data incoming. However, if this data meets expectations, we think Gold is likely to be trading with low volatility.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair developed its growth last week according to our expectations. The price is likely to grow this week if it breaks through the trend line.
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)
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Silver slows down its tendency. There was an opportunity to open long trades from the MA55 during the Asian session. If you managed to buy, it is better to fix those trades with small profit. There was no further growth and we think it is better to do nothing at the moment.
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 XAG/USD is likely to develop its upside dynamics if Silver is going to cross 17,00 level.
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.
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Technical Outlook May 30, 2017
EURUSD
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The currency pair offered opportunities to sell from the MA13 indicator and later stop losses triggered. The correction was deeper than expected. Short trades from the MA13 are more interesting for traders as they have potential to get more profit. However, we advise to stay conservative today and to open short trades from the MA55 balance line.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week and then stopped its upside tendency. EUR/USD 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 the MA55 balance line. Place stop losses above the indicator.
GBPUSD
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The currency pair approached towards the horizontal level at 1,28550. There was no opportunity to sell according to our recommendations as the price failed to touch this level. However, some traders could sell from lower positions as the market is not equal to math and sometimes you have to take decisions with no high precision. We advise to open short trades from the MA55 balance line today.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week frustrating our growth expectations. We think GBP/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 below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator.
AUDUSD
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The currency pair is trading with low volatility, but it offered the opportunity to open short trades yesterday. It is time to protect your trades or fix your positions partially. We think that it is better to hold some trades today and do not open new short trades.
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 then it moved down. We think AUD/USD 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 hold short trades from the 0,74450 area.
USDCHF
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The currency pair offered yesterday some opportunities to open long trades. However, we gave no recommendations as there was no clear tendency. You can try to open long trades from the MA55 balance line today. There is an upside tendency and we think it is time to start earning on USD/CHF.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a limited range last week. We think it 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 above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.
Gold and Silver Technical Outlook May 30, 2017
GOLD (XAUUSD)
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Gold started the new week inside a range. The price was in a tight range yesterday for the whole day. However, today the volatility may grow as there is important data from the United States on the way. There was no opportunity top open long trades from the MA55 balance line. Let us hope, today there will be some chances to open buy positions.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair has broken through the trend line and started its expected growth on Friday. We think that XAU/USD is likely to develop its upside dynamics, but there is strong resistance on the way.
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.
SILVER (XAGUSD)
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Silver continued its moderate growth yesterday and the price met its first resistance level at 17,40. We think that this resistance is unable to prevent XAG/USD from further growth and it is better to open long trades from the MA55 balance line aiming 17,75.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price broke through 17,00 last week and then went upwards according to our expectations. We think that XAG/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 above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below this indicator.
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Technical Outlook May 31, 2017
EURUSD
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The currency pair offered an opportunity to open short trades from the MA55 balance line. There was also an opportunity to protect your trades. The price was in the profit area for 200pips. You could move stop losses at breakeven level. Yesterday’s USD decline was due to the talks on the political instability in the United States. The price had some growth towards the trend line on the Hourly chart and we think it is going to bounce off the line today.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week and then stopped its upside tendency. EUR/USD is likely 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 open short trades from the trend line. Place stop losses above this line. These trades are of high risks.
GBPUSD
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The currency pair had a sharp growth Tuesday during the Asian session and then had a sharp decline during the American session. There was an opportunity to open trades according to our recommendations. However, there was no chance to take profit as those trades closed by stop losses. The currency pair is ready to continue its decline but there is no tendency currently and 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 currency pair declined last week frustrating our growth expectations. We think GBP/USD is likely to develop its decline in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
AUDUSD
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The currency pair did a fakey yesterday and reversed its tendency. Short trades were closed at breakeven level, but there was an opportunity to take some profit. We think that SUD/USD is going to resume its decline, but we advise to do nothing at the moment.
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, but then declined by Friday. We think that the currency pair is likely 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 avoid trading today as the situation is unclear.
USDCHF
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The currency pair offered an opportunity to open long trades from the MA55 balance line. It was a chance to protect those positions. You could buy from 0,97559 and the price was in the profit area for 150 pips. It was enough to move stop loss at the breakeven level. However, later the price dived below the MA55 balance line and broke the upside tendency. We think USD/CHF is likely to resume its growth today but we give no recommendations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was in a range for the whole last week. We think it 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.
Gold and Silver Technical Outlook May 31, 2017
GOLD (XAUUSD)
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XAU/USD declined yesterday after it tested its highs during the Asian session. There was an opportunity to open long trades from the MA55 balance line. However, those positions were closed by small stop losses. Gold’s tendency is changing and it is better to do nothing at the moment. XAU/USD is unable to develop its growth as there is a strong resistance level on the way.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price has broken through the trend line on Friday only and then moved higher. We think that USD/CHF is likely to develop its upside tendency in the next couple of days.
There is no trend 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)
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Silver made a fakey of 17,40 level and then went downwards, executing long trades with the following stop losses triggering. It is better to do nothing at the moment. We think that you need to see a clear tendency before taking any further actions.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver broke through 17,00 level last week and then developed its growth according to our expectations. We think that XAG/USD is likely to continue its upside 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
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Technical Outlook June 1, 2017
EURUSD
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The currency pair broke through the trend line on the Hourly chart and there was an opportunity to open short trades. Those positions, however, closed by stop losses. Those trades were risky as we had mentioned it previously. EUR/USD was growing despite the lower inflation data than expected. However, some European Central Bank’s member are hinting on the probability of the stimulus programme tightening. Our weekly scenario is still postponed, but there are chances that the currency pair is going to decline after the US Labor Market data on Friday.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week and then stopped its growth. We think that EUR/USD is likely 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 above the MA55 balance line. The price is far from the balance line and we advise to avoid trading today as the situation is unclear.
GBPUSD
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The currency pair failed to break through the weekly lows and returned to a range. We think that GBP/USD is going to be trading within this range for some time. The currency pair growth was due to the latest interviews showing Theresa May advantage over other candidates.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week frustrating our moderate growth expectations. We think GBP/USD is likely to develop its 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 avoid trading today as the situation is unclear.
AUDUSD
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The currency pair resumed its decline according to our expectations. There is no trend currently but you could try to open short trades with risks. Raw currencies are under the pressure at the moment and we think it is time to take some profit from the situation.
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 declined on Friday. We think the currency pair is likely to continue its 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 below the MA55 balance line. We advise to open short trades from 0,74150-0,74250 level. Place stop losses above those levels.
USDCHF
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The currency pair failed to resume its growth as we had previously expected. USD/CHF accelerated its decline instead. This downside tendency frustrates our expectations. However, there is the downtrend at the moment and we think it is time to look for short trades. Pay attention to the fact that the currency pair is far from the MA5 balance line and those short trades are risky.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was in a range last week as we had expected. We think USD/CHF 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 avoid trading today as the situation is unclear.
Gold and Silver Technical Outlook June 1, 2017
GOLD (XAUUSD)
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Golf is trading in both directions and established new highs of the week. There is still no tendency and there are no signs of any future direction. We think that the price is going to be fluctuating within 1260-1271,0 range on the eve of tomorrow’s US Labor Market data.
There is no trend on the Weekly chart as the price is close to the MA55. The precious metal broke through the trend line last week according to our expectations and developed its growth later. We think that XAU/USD is likely to develop its growth in the next couple of days. Pay attention to the strong resistance line on the way.
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)
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Silver is trading within a range. There is no clear tendency at the moment and it is better to avoid trading today. We think that XAG/USD is going to be trading with no clear direction until the release of tomorrow’s US Labor Market data.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver crossed the 17,00 level last week and then resumed its growth according to our expectations. We think that XAG/USD is likely to develop its upside 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
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Technical Outlook June 2, 2017
EURUSD
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The currency pair had a correction to its previous growth yesterday on the eve of today’s US Labor Market data release. Yesterday’s ADP Non-Farm Employment data was far better than expected. This is a positive factor for USD. Market participants are likely to pay considerable attention to today’s US Non Farm Employment and Unemployment Rate data as well as to the Average Hourly Earnings.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week and then slowed down its growth. We think that EUR/USD is likely 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 open trades after the release of the US Labor Market data only.
GBPUSD
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The currency pair was trading within a wide range according to our yesterday’s expectations. Investors are nervous on the eve of today’s British Parliament elections. However, we think that market participants are going to pay particular attention to today’s US Labor Market data release. WE recommend doing nothing before this event.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week frustrating our growth expectations. We think that GBP/USD is likely 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 close to the MA55 balance line. We advise to open trades only after the release of the US Labor Market data today.
AUDUSD
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The currency pair offered an opportunity to open short trades from the 0,74150 level according to our recommendations. There was a chance to take 500pips profit. It was enough to fix trades as there is important US Labor Market data today. Market participants are going to pay particular attention to the US Non Farm Employment change.
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 then it declined. We think AUD/USD 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 avoid trading before the release of the US Labor Market data today.
USDCHF
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The currency pair approached the MA55 balance line during the Asian Session. The price is at the right place for short trades as we may see it, but today is a special day (we mean the US Labor Market data release) and we think it is better to avoid doing anything. Let’s wait for the American Session.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was in a limited range last week. WE think it is going to grow in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We think that it is better to do nothing before the release of the US Labor Market data today.
Gold and Silver Technical Outlook June 2, 2017
GOLD (XAUUSD)
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Gold is trading within a 1260-1271,0 range according to our expectations. The price is likely to decline even before the release of the US Labor Market data as yesterday’s ADP Non Farm Employment Change data was far better than expected. The price is close to the lower side of the range and may break it through anytime. There is no tendency currently 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 broke through the trend line in the end of the last week and then had some previously expected growth. Gold is likely to develop its upside dynamics in the next couple of days, but there is a strong resistance on the way.
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)
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Silver broke through the range yesterday and tried to decline, but met a support level. If XAG/USD is going to continue its attempts to break through this level, we think it will succeed in case of the better than expected US Labor Market data.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver broke through the 17,00 level last week and then developed its growth according to our expectations. We think it is going to continue 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 avoid trading today as the situation is unclear.
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Technical Outlook June 5, 2017
EURUSD
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The currency pair was in a range on Friday, as market participants were waiting for the results of the US Labor Market and Average Hourly Earnings data release. After the issue of the statistics, EUR/USD had a sharp growth as this data was disappointing. There will be no much data on US economics this week and we advise to pay attention to European releases. The European Central Bank is going to meet on Thursday.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week as the market participants were disappointed by Trump and weaker than expected US Labor Market data. We think that EUR/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 above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.
GBPUSD
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The currency pair was trading in a tight range for the whole Friday and it almost ignored the weaker than expected US Labor Market data. We think that market participants are paying more attention to the upcoming British Parliamentary elections, which are to take place on Thursday this week. Theresa May’s party has advantage according to the latest data, but no one knows whether she is going to win or lose those elections.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction in a tight range last week. We think it is going to resume 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
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The currency pair went upwards after the US Labor Market data, which was worse than expected. AUD/USD has broken through the trend line during the Asian session on the Hourly chart and we think this fact indicates on the probability of a new tendency to be established. It is time to look for long trades from the broken through trend line, but there is no clear tendency at the moment, and 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 declined moderately last week but then had some growth on the worse than expected US Labor Market data. 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
USDCHF
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The currency pair declined right after the release of the US Labor Market data, which was weaker than expected. We think it is time to look for short trades today, as there is a clear downside tendency on the chart. The currency pair is supposed to develop its decline 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 some growth last week towards the broken through trend line and then resumed its decline. We think that 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 open short trades from the MA55 balance line. Ploace stop losses above the indicator.
Gold and Silver Technical Outlook June 5, 2017
GOLD (XAUUSD)
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Gold was declining on Friday during the Asian session, but the price almost freeze by the beginning of the European session. The US Labor Market data was worse than expected and Gold went upwards right after the release of the US Non-Farm Employment Change. XAU/USD has broken through the trend line on the Weekly chart. If the price is going to confirm this break out, Gold has some opportunities to develop its growth.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD was in a range on the eve of Friday’s important US Labor Market data, but then XAU/USD went upwards and Gold has broken through the key level. XAU/USD is likely to develop its Friday’s 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 the MA55 balance line. Place stop losses below the indicator.
SILVER (XAGUSD)
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Silver has changed its direction after the Friday’s US Labor Market data. XAG/USD some better chances to develop its growth. We advise to try long trades from the MA55 balance line. This week is the last before the Federal Open Market Committee meeting, and there is a probability, that XAG/USD is likely to go upwards.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week and resumed its growth on Friday only. We think that XAG/USD is likely to resume 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 the MA55 balance line. Place stop losses below the indicator.
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Technical Outlook June 6, 2017
EURUSD
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The currency pair offered opportunity to open long trades from the MA55 balance line according to our recommendations. You can fix your profit partially and protect the rest by moving stop losses at breakeven level. We think that EUR/USD is likely to continue its growth today and we advise to hold some of your long trades opened. There is an important Eurozone Retail Sales data on the way, which may help EUR/USD to grow further.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week because market participants were disappointed by both Trump activities and the weaker than expected US Labor Market data. We think that the currency pair 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 above the MA55 balance line. We advise to hold your long trades from 1,12400.
GBPUSD
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The currency pair went upwards towards the upper side of the range and GBP/USD is able to break it through in the nearest future. Latest interviews show the advantage of Theresa May’s party. GBP/USD get some support form that news. Parliamentary elections are to take place on Thursday, June 8. It is better to avoid trading at the moment.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction in a tight range last week. We think it is going to resume 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
AUDUSD
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The currency pair went upwards after AUD/USD has broken through the trend line and we think it is going to return towards this trend line offering another opportunity to buy. There is the uptrend currently and we think there is a good opportunity to open long trades.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined moderately but then it had some growth after the release of the US Labor Market data. 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 above the MA55 balance line. We advise to open long trades from the broken through trend line or from the MA55 balance line. Place stop losses below those indicators.
USDCHF
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The currency pair failed to offer any trading opportunities yesterday as it was far from the MA55 balance line. We think that USD/CHF is likely to continue its decline today, but there are still hopes, that the currency pair is able to reach the MA55 balance line in order to offer some trading opportunities, before it continues to go downwards.
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 towards the trend line and then reversed and moved downwards. We think that 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 open short trades from the MA55 balance line. Place stop losses above this indicator.
Gold and Silver Technical Outlook June 6, 2017
GOLD (XAUUSD)
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Gold was trading in a tight range on Monday without a significant decline. It seems that XAU/USD is unable to go downwards. We expected Gold to move towards the MA55 balance line in order to open long trades from there. However, this not happened. We think that XAU/USD is likely to develop its growth towards 1290-1293,000 today.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price was close to the strong resistance level last week, but it passed the level after the release of the weaker than expected US Labor Market data.
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.
SILVER (XAGUSD)
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Silver offered no opportunities to open long trades yesterday as the correction was too small. XAG/USD resumed its growth today during the Asian Session and there is no a single chance to jump into this “departing train”. We think it is better to stay away today and do nothing.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week according to our expectations and resumed its growth on Friday, after the release of the weaker than expected US Labor Market data. 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
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Technical Outlook June 7, 2017
EURUSD
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The currency pair’s long trades ended with nothing as positions closed at the breakeven level. However, there was an opportunity to take some profit. EUR/USD is trading without establishing new weekly highs as market participants are waiting for the results of the European Central bank meeting, which is to take place on Thursday. The currency pair slows down its upside tendency and it is better to avoid trading today. We think EUR/USD is likely to be trading within a range before the ECB meeting. As for the important events, Eurozone is going to release its Final GDP data, which is not going to make much noise according to our expectations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week as market participants were disappointed by Trump’s latest activities and the weaker than expected US Labor Market data. We think that EUR/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.
GBPUSD
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The currency pair failed to break through the upper side of the range as new interviews show mixed results on the eve of the UK Parliamentary Elections. We recommend avoiding trading before the official results of the British elections as everything may happen.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction last week and is still trading within a tight range. 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 closer to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
AUDUSD
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The currency pair failed to return to the broken through trend line and even was not close to the MA55 balance line to offer opportunities to buy. AUD/USD continued its growth today during the Asian session after stronger than expected Australian GDP data. There is not even a single chance to open trades as 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. The currency pair declined moderately last week, but then it grew on the weaker than expected US Labor Market data. We think that AUD/USD is likely to continue 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.
USDCHF
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The currency pair offered an opportunity to open short trades from the MA55 balance line according to our recommendations. The price declined for 350 pips and it was enough to fix trades partially and to protect the rest. This downside tendency slows down at the moment and we advise to fix the rest of your trades, as a correction is probable.
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 towards the broken through trend line and then resumed its decline. 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
Gold and Silver Technical Outlook June 7, 2017
GOLD (XAUUSD)
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Gold had some growth yesterday according to our expectations. There was no opportunity to open positions as the price failed to reach the MA55 balance line. The tendency is very strong and the price can not even reach the MA13. However, we think that Gold is going to slow down its growth in the nearest future.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price reached a strong resistance level last week and broke through it after Friday’s weaker than expected US Labor Market data. We think that 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 open long trades from the MA55 balance line. Place stop losses below the indicator.
SILVER (XAGUSD)
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Silver was growing yesterday as well, but we think the correction is on the way. There is an opportunity for XAG/USD to make another upside burst and establish a new high. We think it is better to do nothing today.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week and resumed its growth on Friday. We think that XAG/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.
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Technical Outlook June 8, 2017
EURUSD
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The currency pair was trading with high volatility as there are hints that the European Central Bank is going to decrease their inflation growth forecasts during today’s ECB meeting, which is to take place during the European session. However, there is no proof for those hints and we are going to know the truth only after the event. Market participants expect the European Central Bank to declare the probability of Stimulus programme tightening.
There is another important event today in the United States, which is able to influence the currency pair. We mean today’s James Comey Congress hearings.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established new highs last week as market participants were disappointed by both weaker than expected US Labor Market data and Trump’s activities. WE think that EUR/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.
GBPUSD
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The currency pair passed the upper side of the range as market participants expect Theresa May to win the Parliamentary elections in the United Kingdom. This event is to take place today and if Theresa May’s party takes the majority, GBP/USD is likely to continue its growth in the nearest future.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a sort of a correction last week. We think it 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
AUDUSD
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The currency pair continued its growth during the European session yesterday but it stopped on the American session. There are lots of important events today. Market participants are hesitating to open new trades. WE think it is a good idea to do the same thing.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined moderately last week, but then moved upwards after the release of the US Labor Market data. We think that 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
USDCHF
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The currency pair was trading in both direction because of Euro. However, USD/CHF failed to pass the trend line and we had to adjust this line according to new situation on the chart. If there will be now negative information and comments during today’s European Central Bank meeting, the currency pair is able to bounce off the trend line.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth towards the broken through trend line last week and resumed its decline then. We think that USD/ CHF is likely to develop its decline in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
Gold and Silver Technical Outlook June 8, 2071
GOLD (XAUUSD)
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Gold offered an opportunity top open long trades in the beginning of the American Session from the MA55 balance line and the price was in the profit area for 6USD. You could either take the profit or hold your positions.
However, later all open positions were closed at breakeven level. Market participants are fixing their long trades on the eve of today’s important events. There will be James Comey Congress hearings, the European Central Bank meeting and the UK Parliamentary elections.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price met a strong resistance last week but passed it after the weaker than expected US Labor Market data. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
SILVER (XAGUSD)
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Silver made an expected upside burst, but failed to establish new weekly highs. The growth from the MA55 balance line was about 10 pips only and w gave no recommendations. There are many important events today and it is better to wait for the market participants reaction on them.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a correction last week and resumed its growth on Friday. We think that XAG/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.