Thread: Adamant Finance - Daily Analysis

Technical Outlook June 9, 2017

EURUSD



The currency pair declined yesterday after the European Central Bank’s decision to leave monetary policy unchanged. EUR/USD is under the pressure as inflation growth forecasts were decreased by the ECB. Those forecasts had a considerable impact on the currency pair as Mario Draghi and his colleagues are unlikely to change monetary policy in the nearest future as they were expected to do previously. EUR/USD is able to reverse its tendency and we can see some signs of it on the charts right now.

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 Trump’s activities and the weaker than expected US Labor Market data. We think that EUR/USD is likely 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 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 tight range yesterday and started to decline after the preliminary exit poll results. Preliminary data shows, that Theresa May has not enough votes to gain a majority in the British Parliament.

Market participants expected her party to win and GBP/USD was growing previously. However, investors are disappointed now and we can see it on the charts. Final exit poll results will be released today during the European Session.

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 GBP/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 avoid trading today as the situation is unclear.

AUDUSD



The currency pair was trading within a tight range as market participants were waiting for important events. However, USD has got some support in the end of the day and we think AUD/USD is going to change its tendency in the nearest future. There is still no reverse, but it may happen the next week. And there will be opportunities to sell.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week but then had some growth after the release of the weaker than expected 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair moves to the opposite direction from EUR/USD. The European Central Banks is going to wait more before taking any monetary policy decisions. Chief is under the pressure as EUR is. The trend line on the Hourly chart was broken through and the situation was favorable for long trades. However, we gave no recommendations yesterday.

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 trend line and then resumed its decline. We think USD/CHF 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.


Gold and Silver Technical Outlook June 9, 2017

GOLD (XAUUSD)



Gold shows intension to decline as investors are fixing their long trades and USD gets more support. The European Central Bank decision and comments as well as the preliminary British Parliament elections exit polls pushed European currencies down. Those events provoked further decline of precious metals. Gold has its trend line on the Hourly chart on the way and there are doubts it is going to break it through. We think that XAU/USD is going to finish this week above this trend line. However, we can see a downtrend and there is some potential for further decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold has broken through the strong resistance level on Friday after the release of the US Labor Market data. We think XAU/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 avoid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver increased the speed of its decline after the European Central Bank’s decision to leave the monetary policy unchanged. Inflation growth forecasts were decreased as well. There is the downtrend at the moment but we have a trend line on the way, which may prevent Silver from further decline 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 XAG/USD is likely to develop this 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.

Technical Outlook June 12, 2017

EURUSD



The currency pair failed to reach the balance line and there was no opportunities to open trades according to our recommendations. However, this chance may be given today. We would like to remind you that this week is full of important events including the Federal Open Market Committee and the Bank of England’s meeting. This week promises to be very volatile.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth last week frustrating our expectations. We think that the currency pair 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 the indicator.

GBPUSD



The currency pair established new lows last week as the final exit polls results showed that no party has won the elections to British Parliament. Theresa May has to create a coalition right now and she has to overcome all future difficulties on her own. This political background may lead to further GBP/USD decline. The price is under the horizontal level at the moment. We think you can try to sell from there.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week but declined sharply by the end of the last week on the British Parliamentary Elections results. We think the currency pair 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 horizontal level on the Hourly chart. Place stop losses above this level.

AUDUSD



The currency pair continued to be trading within a tight range. We had advised previously to try short trades from the MA55 balance line this week. USD is likely to gain more positions before Wednesday, when the Federal Open Market Committee is going to hold a meeting. Market participants are expecting the Federal Reserve to hike rates again.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week according to our expectations. We think that AUD/USD is likely to resume 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 open short trades from the MA55 balance line. Place stop losses above the balance line.

USDCHF



The currency pair went back towards the MA55 balance line on Friday and we think there will be some opportunities to buy from this indicator today. We expect USD/CHF to have limited dynamics before Wednesday but USD is going to push the other currencies down. We expect the currency pair to increase volatility when the results of the Federal Open Market Committee meeting will be released.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to decline last week frustrating our expectations. We think that USD/CHF 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.


Gold and Silver Technical Outlook June 12, 2017

GOLD (XAUUSD)



Gold is likely to break through the trend line on the Hourly chart and we think it is time to look for short trades. However, the price is still far from the MA55 balance line and we think you can try selling from the MA13. Those trades are supposed to be very risky and we advise to wait until the price reaches the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its upside dynamics last week according to our expectations. However, Gold declined sharply by the end of the last week and made a fakey on the Weekly chart. We think that XAU/USD is likely to develop its 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.

SILVER (XAGUSD)



Silver broke through the trend line on the Hourly chart having no difficulties to do this. This fact indicates on a serious Bears pressure. The price can not reach the MA55 balance line and we think you can try to open short trades from the MA13.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver attempted to grow last week several times but then reversed downwards. We think that XAG/USD is likely to continues its 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 open short trades from the MA13. Place stop losses above the indicator. Note that those trades will be of high risk.

Technical Outlook June 13, 2017

EURUSD



The currency pair is in the stand-by mode as the market participants are waiting for the Federal Open Market Committee meeting results. We hoped EUR/USD was likely to decline one more time, but it failed to happen and we had some small losses as stop losses triggered. There is ZEW Economic Sentiment data upcoming today, this statistics is likely to provide the currency pair with some higher volatility. The downtrend is still actual and we think 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 frustrated our growth expectations last week. EUR/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 or a bit higher. Place stop losses above the indicator.

GBPUSD



The currency pair reached the horizontal level and bounced off it according to our expectations. There was an opportunity to sell from there according to our recommendations. The price was in the profit area for 1300 pips and we had no difficulties to take profit. The currency pair is under the pressure at the moment after the British Parliamentary Elections, which took place on Thursday.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week but declined sharply on Friday. We think that 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 could recommend opening short trades, but the price is far from the MA55 balance line. We advise to do nothing today and wait until GBP/USD offers new opportunities.

AUDUSD



The currency pair was trading in a tight range yesterday. AUD/USD started its growth towards the weekly highs during the Asian Session today. Short trades ended with small losses. We think that market participants avoid doing something before the release of the results of the Federal Open Market Committee meeting, which is to take place on Wednesday. We have previously mentioned, that short trades from the MA55 balance line are likely.

USD is going to grow on the eve of the FOMC meeting. Market participants still believe that the FED is going to hike rates.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued to grow last week according to our expectations. We think that AUD/USD is likely to resume 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.

USDCHF



The currency pair offered opportunity to open long trades from the MA55 balance line. Those positions ended with stop losses. USD/CHF’s dynamics had no clear direction and is was hard to earn something. We think that the currency pair is likely to gain some volatility after the release of the Eurozone ZEW economic sentiment data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to decline last week according to our expectations. We think that USD/CHF 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.


Gold and Silver Technical Outlook June 13, 2017

GOLD (XAUUSD)



Gold failed to get back towards the MA55 balance line and we advise to avoid doing anything. We think that the short trades from the broken through trend line are also unlikely as the break through was not clear. The price is going to reach the MA55 balance line today probably and you can try to sell from there.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold resumed its upside dynamics last week according to our expectations but then declined sharply on Friday. We think that XAU/USD is likely to develop its 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 open short trades from the MA55 balance line or a bit higher. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver offered opportunities to open short trades from the MA13 and those short positions were profitable. The price was in the profit area for 25pips. There was also an opportunity to fix your trades and if you failed to do it, it is still time to close all positions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had several attempts to grow last week and then reversed downwards. We think that XAG/USD is likely to develop its 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.

Technical Outlook June 14, 2017

EURUSD



The market participants are waiting for the results of the Federal Open Market Committee Meeting, which is to take place during the American Session. Today is a D-Day for all major currencies and precious metals. Short trades failed to bring any profit as they have closed by stop losses. Tendency had already changed, when you had opened trades and there was no sense to do this. The currency pairs have no direction currently and there will be no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair frustrated our growth expectations last week. We think that EUR/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.

GBPUSD



The currency pair gained back its positions partially after the better than expected UK Inflation data. However, this dynamics was temporary as this is unlikely to influence the Bank of England’s decision. We think that the currency pair is able to resume its decline today after the release of the Federal Open Market Committee Meetings, which are to take place during the American Session. USD is going to get more support in case if the FOMC members are going to hint on the probability of another Interest Rates hike this year.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week, but then reversed and declined by the end of the last week. We think that GBP/USD 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 above the Ma55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair was trading in a tight range yesterday as market participants are waiting for the results of the Federal Open Market Committee Meetings, which are to take place today during the American Session. We think that the currency pair’s dynamics is likely to remain unchanged before the FOMC Meetings.

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

USDCHF



The currency pair continued its range trading yesterday on the eve of the Federal Open Market Committee Meetings yesterday. USD/CHF declined after yesterday’s Eurozone data. However, it gained back its positions later. We give no recommendations for today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to decline last week frustrating our expectations. We think that USD/CHF 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.


Gold and Silver Technical Outlook June 14, 2017

GOLD (XAUUSD)



Gold offered opportunities to open short trades in the end of the American Session and there was no reason to sell. We think that XAU/USD is likely to develop its decline after the release of the Federal Open Market Committee Meetings results. If there are any hints on the probability of another Interest Rates hike this year, gold is likely to develop its downside tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its upside dynamics last week, but then declined, establishing a fakey on the Weekly chart. We think that XAU/USD 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 as the situation is unclear.

SILVER (XAGUSD)



Silver is growing as the market participants are fixing their short trades on the eve of today’s important event. The price may choose any direction after the release of the results of the Federal Open Market Committee Meetings. Everything depends on the decisions and comments of the FOMC members. We give no recommendations as sharp moves are expected.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. Silver had a couple of attempts to grow and then reversed downwards. We think that XAG/USD is likely to develop its 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.

Technical Outlook June 15, 2017

EURUSD



The currency pair did a pirouette yesterday during the American session. Once the US inflation data and Retail sales were released, EUR/USD moved higher, as the statistics was weaker than expected and disappointed the market participants. Investors had doubts, that the Federal Open Market Committee was going to hike Interest Rates and to follow its promises. The currency pair had a 800pips growth. However, the results of the FOMC Meeting met the market participants expectations. Moreover, Janet Yellen assured investors that the US economics feels good. Those comments helped EUR/USD to reverse and reach its previous positions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to grow last week and frustrated our expectations. We think that EUR/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.

GBPUSD



The currency pair was trading in both directions yesterday. The main event for today as the Bank of England Meeting, which is to take place during the European Session. We think that sharp price bursts are probable.

GBP/USD looks upwards, but the price dynamics indicates on the probability of a decline. This situation is disputable and it is better 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 expected growth last week, but then declined sharply by Friday. 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 avoid trading today as the situation is unclear.

AUDUSD



The currency pair started to grow even before the release of the US Inflation data, Retail Sales and the Federal Open Market Committee Meeting results. There is the uptrend currently and the price dynamics confirms it. The currency pair had another sharp growth today during the Asian Session as the Australian Labor Market data was better than expected. We had no opportunities to jump in to the market 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 continued its growth last week according to our expectations. We think that AUD/USD is likely to resume 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



The currency pair was trading with high volatility, but then had some moderate growth. There is no trend currently and we think it is better to do nothing at the moment. We expect USD/CHF to develop its growth in the next couple of days.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some expected decline last week. We think that USD/CHF 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.


Gold and Silver Technical Outlook June 15, 2017

GOLD (XAUUSD)



Gold was trading almost according to our expectations. US inflation and Retail Sales data confused market participants, as this statistics was worse than expected. This release resulted in XAU/USD’s sharp growth. However, the Federal Open Market Committee Meeting resulted in Interest Rates hike and the Fed’s Head Janet Yellen commented the current economics state as normal, providing some additional support to the US dollar. There is no tendency today and it is better to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold developed its upside dynamics last week according to our expectations, but declined sharply on Friday, making a fakey on the Weekly chart. We think that XAU/USD is likely to develop its downside 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.

SILVER (XAGUSD)



There was some sharp fluctuations yesterday and we think it is time to look for short trades. However, there is still no tendency and it is better to do nothing at the moment. Wait until the MA-channel reverses downwards.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had some attempts to grow last week and then reversed downwards. We think, XAG/USD 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 goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

Technical Outlook June 16, 2017

EURUSD



The currency pair established a downside tendency and it is time to look for short trades. The price is far from the MA55 balance line however. As for the statistics, we advise to pay attention to the Eurozone CPI data today.

However, we think that market participants’ reaction to this event will be limited. You can try open trades in the opposite side of the trend, but those positions will be risky and the eventual profit is expected to be small.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair frustrated our growth expectations last week. We think EUR/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 long trades from 1,1140 aiming 1,11850. Place stop losses at 1,11300.

However, we would like to warn you, that these long positions would be risky.

GBPUSD



The currency pair is still trading in both directions today despite the fact that we have an upside tendency. We gave no recommendations yesterday as the situation is unclear. The currency pair had a sharp growth right after the Bank of England Meeting as two more Monetary Policy Committee members joined hawks’ camp. The Bank of England’s Head Mark Carney still insist on the currently monetary policy to remain unchanged. However, some MPC members are worried about inflation growth.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week but declined sharply on Friday due to the results of the British Parliamentary Elections. 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



He currency pair builds a Bearish pattern today despite the fact that the tendency is still looking upwards. Yesterday’s growth on news was the last and we took a good decision to avoid trading. We recommend doing nothing today, but expect the currency pair to decline in the next dying hours of this week.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week according to our expectations. We think that AUD/USD is likely to resume its decline in the next couple of days.

USDCHF



The currency pair had an expected growth yesterday and shows intentions to establish an upside tendency today. We gave no recommendations on Thursday as there was no clear tendency. The price was far from the MA55 balance line. We think that it is better to do nothing today as the price is still too far from the balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to decline last week frustrating our expectations. We think that USD/CHF 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.


Gold and Silver Technical Outlook June 16, 2017

GOLD (XAUUSD)



Gold declined yesterday as we had expected and it shows intentions to develop its downside tendency. We think that XAU/USD is likely to form an upside correction for the whole day and we think it is better to do nothing today. Anyway, all precious metals are ready to decline and we think we will have this opportunity to sell and earn the next week.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was developing its upside dynamics last week, but then declined sharply by Friday, establishing a fakey. We think that XAU/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.

SILVER (XAGUSD)



Silver established a downside tendency, but the MA-channel looks like being unchanged. You can try short trades from the MA55 balance line area. If there is no opportunity to open those positions, try to sell the next week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a couple of growth attempts but then reversed downwards. We think that XAG/USD is likely to develop its 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 open short trades from the MA55 balance line. Place stop losses above the indicator.

Technical Outlook June 19, 2017

EURUSD



The currency pair executed an expected maneuver and those who risked open long trades, are in profit now. Buy positions from 1,11400 were successful and the price had almost no correction. Risks were low, as we placed stop losses close to the strike price. There was an opportunity to close trades at 1,11850 level. There is not much data this week, but we advise to pay attention to the Federal Open Market Committee and the Bank of England member’s comments. Those speeches are able to influence quotes.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price attempted to decline last week and had a small downside tendency according to our expectations. We think that EUR/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair was trading in a tight range on Friday and changed its tendency from upside to neutral. GBP/USD attempted to go upwards last week, but failed to do it. We think that this may lead to a decline in the nearest future. It is better to do nothing at the moment 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 currency pair held its positions last week due to the better than expected UK CPI data and the increased number of hawks in the Bank of England’s Monetary Policy Committee. We think that GBP/USD is likely to decline last week.

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

AUDUSD



The currency pair failed to decline and the upside tendency resumed on Friday. We gave no recommendations, as there was no change in tendency. We think it is time to look for long trades according to the current market tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth frustrating our expectations. We think that AUD/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 open long trades from the MA55 balance line. Place stop losses below this indicator.

USDCHF



The currency pair corrected towards the MA55 balance line and we think it is time to look for long trades. However, there is enough space for further growth according to the technical analysis. We expect USD/CHF to start its upside tendency in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an expected growth last week. We think it is gong to develop its upside tendency in the next couple of days.

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


Gold and Silver Technical Outlook June 19, 2017

GOLD (XAUUSD)



Gold was trading within a tight range on Friday and moved closer to the MA55 balance line. XAU/USD has intentions to decline during the Asian session and we think it is time to look for short trades from the MA55 balance line. We hope that XAU/USD is going to burst upwards again in order to offer another opportunity to jump into the market.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations. We think Gold 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 the indicator.

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line on Friday. However, if you jumped into the market, you had to hold trades until this week. There are possibilities to protect trades by moving stop losses at breakeven level. If you failed to open trades on Friday, we think you will have this opportunity today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a downside dynamics last week according to our expectations. We think that XAG/USD is likely to develop its decline in the next couple of days.

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

Technical Outlook June 20, 2017

EURUSD



The currency pair declined considerably as the United States dollar is gaining strength. The US currency has support from the events, which took place last week. We would like to remind you that the Federal Open Market Committee hiked rates and hinted that the Fed is going to follow their previous plans on the probability of another monetary policy tightening this year. Anyway, this week we advise to pay attention to the FOMC members’ comments. We think that USD is going to develop its growth in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair met our decline expectations last week partially. We think that 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair had a downside burst yesterday, but there was no possibility top open trades according to technical analysis. There is still no tendency and we think it is better avoid trading. However, we think that the currency pair is going to change its tendency tomorrow and there will be opportunities to sell.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading close to the current levels last week because of the UK data and the Bank of England meeting’s results. We think that GBP/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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair is slowing down its upside tendency by declining. This decline was moderate, but enough to slow down the trend. Short trades according to our recommendations closed by small stop losses. We recommend doing nothing today as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week frustrating our decline expectations. We think that AUD/USD is likely to continue 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, as the situation is unclear.

USDCHF



The currency pair failed to establish an upside tendency and slowed down its growth yesterday. There was an opportunity to buy, but not from the balance line. This is another tactics and we think it is better to do nothing today as there in no clear trend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an expected growth last week. 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 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 June 20, 2017

GOLD (XAUUSD)



Gold had an upside momentum yesterday and there was an opportunity to open short trades according to our recommendations. You could open positions at 1252/53,00 levels and to take about 900 pips. Now you can try to fix your positions partially or to protect your trades. There is some more space for XAU/USD to decline and we think it is a good idea to hold some of your positions.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations. We think that XAU/USD is likely to develop its 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 hold short trades as the downside tendency still has some room to develop.

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and it was difficult to open trades. If you managed to sell, you could earn about 20 pips. Now you can protect your trades and take some profit. There is some space for further decline and we think it is a good idea to hold your positions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its 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 hold your short trades from 16,70 level.

Technical Outlook June 21, 2017

EURUSD



The currency pair continued to decline as USD still strengthens its positions. The Federal Open Market Committee members confirm their plans to hike Interest Rates at least once this year again. They think that wage growth is going to increase inflation, which is lower than 2% at the moment. We think that USD is going to develop its growth in the nearest future.

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

GBPUSD



The currency pair established a downtrend according to our expectations. GBP/USD had significant fluctuations yesterday and is it close to the lower side of the MA-channel at the moment. We think the price is going to start a correction today and it is better to do nothing, as we do not recommend trading contrary to the tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was holding on the current levels last week due to the UK data and the decisions of the Bank of England members. We think that GBP/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 avoid trading today as the situation is unclear.

AUDUSD



The currency pair is trying to change its current tendency and we think that short trades will be actual in the nearest future. The latest AUD/USD growth was due to the expectations of the monetary policy tightening in Australia.

Reserve Bank of Australia members decided to leave the rate unchanged due to the weak GDP data in the first half of the year. This two weeks growth may end and the correction is to take place. We think there will be some opportunities to open short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week frustrating our expectations. We think that 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 MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair was trading in a tight range yesterday despite the fact that the other currency pair have strong tendencies. There is no trend currently and we think it is too early to do anything. We recommend doing nothing today until the currency pair chooses any clear direction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some expected growth last week. We think it is going 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.


Gold and Silver Technical Outlook June 21, 2017

GOLD (XAUUSD)



Gold established new weekly lows. We think that it is time to fix all your positions. There are two probabilities on the way the price either is going to establish new lows or is going to stop declining. We advise you to be cautious, as the dynamics is weak. However, this may be the result of the lack of macroeconomic data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations. We expect Gold 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 hold short trades until the price reaches weekly lows.

SILVER (XAGUSD)



Silver follows Gold and we think it is a good decision to fix trades today. The price is either able to establish new weekly lows or to stop its decline earlier.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside dynamics last week according to our expectations. We think it is going to develop its decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold your short trades until the price reaches the weekly lows.

Technical Outlook June 22, 2017

EURUSD



The currency pair grew towards the MA55 balance line yesterday offering opportunities to sell and then bounced off. The total profit amount was about 200 pips and you could fix your trades partially and move stop losses to breakeven level. If you failed to close your trades before the price crossed the MA55, then they were stopped by stop losses. If you had a chance to fix trades partially or totally, you had a chance to take small profit. There is no trend today and we recommend doing nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price declined last week according to our expectations. We think that EUR/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.

GBPUSD



The currency pair executed a very interesting maneuver offering opportunities to sell. Those trades could bring you about 500pips. However, we gave no recommendations. Those fluctuations are due to the Bank of England’s members comments on the probability of stimulus tightening in the nearest future and the currency pair had some growth after those announcements. However, there is no tendency currently and we think it is better to look for short trades when there will be any opportunities.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. The currency pair was close to the current levels last week because of the UK data and the Bank of England’s meeting results. We think the currency pair 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 or even higher. Place stop losses at 250pips distance from your positions.

AUDUSD



The currency pair failed to reach the MA55 balance line offering no opportunities to sell. However, the price declined according to our expectations. The currency pair established the downside tendency and you can try short trades, when situation allows.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week frustrating our expectations. We think that 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 MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair continued to be trading within a limited range despite the fact that the other currency pairs are trading with higher volatility. There is no trend currently and we think it is a good idea to “sit on your hands”. We advise to observe fluctuations looking for trades as there are no opportunities currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an expected growth last week. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook June 22, 2017

GOLD (XAUUSD)



Gold went downwards towards the weekly lows according to our expectations. There was opportunity to close your trades from 1253,00 at the most profitable points. The price went upwards today as you may see it on the chart and there is no tendency currently. We advise to see whether the tendency has changed or not.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations. We think Gold 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.

SILVER (XAGUSD)



Silver offered opportunity to fix trades close to the weekly lows. There is no tendency currently and we think it is a good idea to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver showed downside dynamics last week according to our expectations. We think it is going to develop its downside tendency in the next couple of days.

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