Thread: Adamant Finance - Daily Analysis

Technical Outlook July 7, 2017

EURUSD



The currency pair reversed yesterday according to our expectations and we gave no recommendations for trading. EUR/USD has changed its tendency again and it is able to resume its last week’s growth especially if today’s US Labor Market data is worth than expected. The currency pair reversed its tendency after the release of the European Central Bank meeting minutes, which shows the preparations to cut monetary policy stimulus. We give no recommendations today as there is important US data on the way. We think that the price is going to be trading in a range before this release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week frustrating our expectations after the European Central Bank Head’s comments. We think that EUR/USD is going to grow in the next couple of days after a correction.

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 before the release of the US Labor Market data.

GBPUSD



The currency pair reverses its tendency according to our expectations but it does it slowly. We think that it is going to finally change its tendency after today’s US Labor Market data if the release is worse than its previous meaning. There is also UK data today, but we think it is unlikely to change anything in fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline frustrating out expectations last week after the Bank of England Head’s comments. We think that GBP/USD is going to resume its growth in the next couple of days after a correction.

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 before the release of the US Labor Market data.

AUDUSD



The currency pair slowed down its decline and failed to establish new lows according to our expectations. AUD/USD still has some space to develop its decline but everything will depend on the results of the US Labor Market data release.

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. We think AUD/USD is likely to develop its growth in the next couple of days after a correction.

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

USDCHF



The currency pair changed its tendency according to our recommendations. We give no recommendations today as we think it is better to make any trading activities after the release of the US Labor Market data. The price is likely to be trading within a range before this release.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that USD/CHF is likely to develop its correction in the next couple of days after a correction.

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 July 7, 2017

GOLD (XAUUSD)



Gold failed to change its tendency and it is trading on the same levels. XAU/USD is fluctuating within a range as the market participants are waiting for the release of the US Labor Market data. Yesterday’s ADP report was weaker than expected and we think that today’s data is likely to disappoint market participants as well. Gold is able to start its growth in this case.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. This asset was trading according to our expectations last week. We think that Gold 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 below the MA55 balance line. We advise to avoid trading today before the release of the US Labor Market data.

SILVER (XAGUSD)



Silver approached the MA55 balance line offering opportunities to open trades. However, the price was in a tight range and it was a good idea to protect trades by the end of the American session yesterday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading according to our expectations last week. We think 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 July 10, 2017

EURUSD



The currency pair was trading in a range on Friday before the release of the US Labor market data according to our expectations. Than EUR/USD declined as the non-farm employment change data was better than expected.

As for the Average Hourly Earnings data, this statistics has also shown some growth, but the results was a bit worse than forecasted. There is no important data today. As for the statistics this week, we advise to pay attention to the US PI and Retails Sales data which is to be released on Friday. The Federal Open Market Committee Head Janet Yellen is going to speak on Wednesday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics last week met our expectations and had some growth on Thursday. 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 close to the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses below the indicator.

GBPUSD



The currency pair canceled its tendency reverse after Friday’s UK data, which was worse than expected. This fact resulted in the currency pair decline even before the US Labor Market data, which was better than forecasted. GBP/USD continued its decline during American session as well. We think that the currency pair is likely to resume its growth if the American currency is going to decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations as it continued to decline. We think that GBP/USD is likely to grow in the next couple of days.

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

AUDUSD



The currency pair is trying to reverse its tendency and those attempts are successful. However, AUD/USD do it slowly. Friday’s US Labor Market and Average Hourly Earnings data was unable to push the currency pair downwards. This fact offers some opportunities for the currency pair to develop its growth in the nearest future. We prefer to monitor the situation today and to take any decisions tomorrow if there are any opportunities.

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

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

USDCHF



The currency pair stopped its decline on Friday because of the US Labor Market data, which was better than expected. You can try short trades from 0,96550 level according to our trading system. Place stop loss at a distance, equal to 150 pips.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 10, 2017

GOLD (XAUUSD)



Gold developed its decline after the better than expected US Labor Market data. We had fears that the US data was going to disappoint the market participants but there was no surprises. We think that precious metals are going to develop their downside tendency. The next important statistics to pay attention is US CPI and Retail Sales data, which are to be released on Friday. We think that XAU/USD is likely to decline before those events.

There is no trend on the Weekly char as the price is close to the MA55 balance line. The price declined last week according to our expectations. We think that Gold is likely to develop its moderate 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 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 declined on Friday after better than expected US Labor Market data. Silver had almost no obstacles in its downside tendency. There are some important Federal Open Market Committee members speeches this week, which may have considerable impact on fluctuations.

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 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 the MA55 balance line. Place stop losses above the indicator.

Technical Outlook July 11, 2017

EURUSD



The currency pair offered an opportunity to open long trades yesterday according to our recommendations and the price was in the profit area for 200 pips. It was enough to protect trades and fix positions partially. The currency pair is likely to continue its correction and there is no clear tendency at the moment. We give no recommendations in this situation. We advise to pay attention to the Federal Open Market Committee member Brainard comments today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamic met our expectations last week as EUR/USD had some growth on Thursday. We think that the currency pair 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



The currency pair continued its moderate decline and the downside tendency becomes stronger. USD pushes the other currencies down, but everything may change in the nearest future. We think that it is is good idea to look for short trades from the Ma55 balance line area. Pay attention to today’s Monetary Policy Committee members comments, as well as to the Federal Open Market Committee member Brainard speech.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations and continued its correction. We think that the currency pair is likely to develop its growth in the next couple of days.

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

AUDUSD



The currency pair continued to be trading within a tight range. There was even some growth yesterday. The NAB index, released today, was better than expected. We think this event is able to help the currency pair to reach the new weekly highs.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week and continued its correction. We think that AUD/USD is likely to grow in the next couple of days.

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

USDCHF



The currency pair continued to grow yesterday and we can see an upside tendency now. If you had opened trades, they were closed by stop losses. The upside tendency is still under construction and the price growth is slow. 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. The currency pair declined last week according to our expectations. We think that 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 July 11, 2017

GOLD (XAUUSD)



Gold established new weekly lows and started its correction. There was no opportunity to open short trades as the price reached the MA55 balance line during the Asian session for a while. The pattern that we currently can see on the chart indicates on the probability of further upside correction and we give no recommendations today. We advise to pay attention to the Federal Open Market Committee member Brainard speech as it may have some impact on USD fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD declined last week according to our expectations. We think that Gold is likely to develop its moderate decline in the next couple of days.

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

SILVER (XAGUSD)



Silver established new lows yesterday and then had a sharp growth. We think this fact may indicate on a pause in further decline. We expect Silver to grow towards the trend line on the Hourly chart. There are no recommendations for today as the situation is unclear.

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 avoid trading today as the situation is unclear.

Technical Outlook July 12, 2017

EURUSD



The currency pair had a positive reaction on all the European Central Bank member’s comments. USD was under pressure yesterday. There is the uptrend currently and we think it is time to look for long trades. However, the price is close to the upper side of the MA-channel and it is too risky to open trades in this situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics last week met all our expectations as the asset had some growth on Thursday. 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 avoid trading today as the situation is unclear.

GBPUSD



The currency pair offered an opportunity to open short trades from the MA55 balance line, but those positions were closed by stop losses. However, later GBP/USD declined according to our expectations. We think is it a good idea to look for short trade today again.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week and developed its correction. We think that GBP/USD is likely to resume its growth in the next couple of days.

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

AUDUSD



The currency pair continued to be trading with some growth and accelerates its upside tendency. We gave no recommendations yesterday, but there was opportunities to open trades. The currency pair had an upside tendency during the American session and continued to grow today during the Asian session. We think you can try to open long trades if the price allows to do it.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations an developed its correction. We think that AUD/USD is likely to grow in the next couple of days.

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

USDCHF



The currency pair ended its upside tendency yesterday and reversed downwards. However, there is still no change in trend and it is too early to look for short trades. We advise to monitor the price today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 12, 2017

GOLD (XAUUSD)



Gold continued its upside correction yesterday and we gave no recommendations. The price crossed the trend line and we think that XAU/USD is going to change its tendency. Target price is close to the next trend line on the Hourly chart.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD declined last week according to our expectations. We think that Gold is likely to develop its moderate downside 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 trend line on the Hourly chart. Place stop losses below this line.

SILVER (XAGUSD)



Silver has crossed the trend line on the Hourly chart and is going to develop its growth. We think that this upside tendency is likely to continue until the price reaches the trend line on the Weekly chart (redline). We think it is a good idea to look for long trades.

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 decline in the next couple of days.

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

Technical Outlook July 13, 2017

EURUSD



The currency pair declined from the upper side of the MA-channel towards the MA55 balance line yesterday after yesterday’s Federal Open Market Committee head’s speech. Janet Yellen confirmed that the Federal Reserve is going to hike rates step-by-step. FED is planning one more Interest Rates hike this year. However, market participants have doubts that this will happen as their expectations are at 52% level at the moment. The main data to pay attention to today is the US Producer Price Index.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and had some growth by the end of the week. We think EUR/USD is likely to grow in the next couple of days.

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

GBPUSD



The currency pair offered opportunity to open short trades from the MA55 balance line and was in the profit area for 200 pips. It was enough to protect your trades by moving stop losses at breakeven level. Later the currency pair went higher and crossed the MA55 balance line. All trades were closed with no loss and no profit. There is no trend currently and we advise to do nothing today.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that GBP/USD is likely 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



The currency pair accelerates its growth yesterday and failed to execute long trades according to our recommendations as the price has not reached the MA55 balance line. We give no recommendations today 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 failed to grow last week frustrating our expectations and continued its downside correction. 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



The currency pair continues to be trading with no clear tendency and we think it is too early to look for short trades. However, there are some patterns indicating on the probability of USD/CHF decline in the nearest future. If you have your own trading system, you can try to sell from the MA55 balance line, placing stop losses above the indicator.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think 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 July 13, 2017

GOLD (XAUUSD)



Gold bounced off the trend line on the Hourly chart offering an opportunity to open long trades according to our recommendations. However, the price went below the line and stop losses triggered before XAU/USD went upwards.

The next trend line on the Hourly chart is not far from here and we think it is better to do nothing. Yesterday’s price rally was due to the comments of the FED’s head Yellen who told that in case of weak inflation, monetary policy will be adjusted. Those words have disappointed market participants.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its moderate downside dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver failed to reach the trend line and there was no opportunities to open long trades. The tendency is strong and we think there is a probability of a strong correction in the nearest future. It is hard to do anything in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAG/USD declined last week according to our expectations. We think that Silver is likely to develop its downside tendency in the next couple of days.

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

Technical Outlook July 14, 2017

EURUSD



The currency pair executed one more downside burst and started to change its tendency. Yesterday’s PPI data showed some growth and was better than expected. This fact gives support to USD. US Consumer Price Index data is going to be released today along with the US Retail Sales. This statistic is likely to have considerable impact on USD.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s fluctuations met our expectations last week as EUR/USD had some growth on Thursday. We think that the currency pair 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 continued its growth yesterday and there was a change in tendency. We think that it is time to look for long trades but the price is still far from the MA55 balance line. You can open buy orders from the MA13. However, it is better to buy before the American session as there is important US CPI and Retail Dales data on the way, which is able to reverse the price.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that GBP/USD is likely to resume 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 MA13. Place stop losses below the indicator. Those trades are of high risks.

AUDUSD



The currency pair continued to accelerate its growth and is far from the MA55 balance line now. You can try to buy from the MA13, but you would better to do it before the American session as there are important releases, which may provoke the price reverse.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week, frustrating our expectations. We think that AUD/USD is likely to resume 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 MA13. Place stop losses below the indicator. The trades are risky.

USDCHF



The currency pair is still trading with no clear tendency and we think it is better to do nothing at the moment. There was no opportunities to open short trades. The situation is not clear and it is better to monitor fluctuations.

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

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


Gold and Silver Technical Outlook July 14, 2017

GOLD (XAUUSD)



Gold had a downside correction yesterday as the US Producer Price Index data was better than expected. We think that XAU/USD is likely to develop its decline if today’s US CPI and Retail Sales data is going to be stronger that forecasted. The current price model indicates on the probability of a decline, but everything depends on the results of the US data releases.

There is no trend on the Weekly chart as the price is close to the MA 55 balance line. Gold declined last week according to our expectations. We think that XAG/USD is going to develop its moderate downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver declined in a more aggressive manner and indicates on the probability of further decline. WE think that today’s dynamics will depend on the results of the US CPI and Retail Sales data. We give no recommendations at the moment, but we think XAG/USD is likely to develop its decline in the nearest future.

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 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.

Technical Outlook July 17, 2017

EURUSD



The currency pair went upwards after the disappointing US CPI and Retail Sales data. There was the opportunity to open short sales according to our recommendations during the European session and to protect those positions.

Later, those trades closed by stop losses. We think that the currency pair is able to develop its growth in the nearest future. There is a very important Eurozone inflation data today, which is able to shake the market.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and had some moderate growth. We think that EUR/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 above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. Pay attention to the risks as they are very high.

GBPUSD



The currency pair continued its growth on Friday and offered an opportunity to buy from the MA13 in the beginning of the European session. The price then moved higher for 1600 pips and you had an opportunity to take significant profit. We think that GBP/USD is likely to develop its growth in the nearest future but the price is close to the higher border of the MA-channel and there is a high probability of a correction.

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

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

AUDUSD



The currency pair continued to accelerate its growth and offered an opportunity to buy from the MA13. If you managed to open trades, you could have around 700-800 pips as a reward. This is a rather good result for the currency pair. We think that after a significant growth last week, the currency pair is likely to go on correction. However, we cannot predict whether it is going to start in the beginning or by the end of the week. Anyway, the price is close to the upper side of the MA-channel and this situation indicates on the probability of a downside correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that AUD/USD is likely to grow in the next couple of days.

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

USDCHF



The currency pair continues to be trading with no clear tendency and we think it is a good idea to avoid trading today. USD/CHF is likely to leave the range this week and to start a downside movement. The situation is unclear and w 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. The currency pair was in a range 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 17, 2017

GOLD (XAUUSD)



Gold went upwards after the weaker than expected US CPI and Retail Sales data. Market participants have doubts, that the decrease in inflation is a temporary factor. This means, there are doubts that the Federal Open Market Committee is going to hike the Interest Rates this year again. IT is still too early to forecast anything, but we think, it is better to be more cautious.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD had some significant growth last week due to the US CPI and Retail Sales data. We think that Gold is likely to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver is trading with high volatility today with no clear tendency. However, if we look at Gold, there are some probabilities for further growth. Anyway, we advise to buy from the MA55 balance line or from the trend line on the Hourly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading with some growth last week. We think that XAG/USD 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.

Technical Outlook July 18,2017

EURUSD



The currency pair reached the MA55 balance line yesterday according to our expectations. However, there was no clear touch of the MA55 balance line. The price failed to do few more pips to do it. There was an opportunity to open long trades and to take profit (about 450 pips). If you held your positions yesterday, there was an opportunity to close them today with better profit during the Asian session. Eurozone CPI data met the expectations and there was no reaction on it. We advise to pay attention to today’s ZEW Economic Sentiment data.

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

GBPUSD



The currency pair declined yesterday according to our expectations as there was a downside correction, but during the Asian session GBP/USD went upwards. USD’s decline is due to the Japanese market participants return after their holidays. We advise to pay attention to today’s UK CPI data, which is able to shake the market.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that GBP/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.

AUDUSD



The currency pair continued its growth today, during the Asian session, but there was no opportunity to open long trades. The Reserve Bank of Australia meeting minutes showed that the central bank takes a pause in further monetary policy tightening. However, RBA members are not ready to give more stimulus as well. The Reserve Bank of Australia is in the neutral positions at the moment.

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

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

USDCHF



The currency pair started to develop its downside tendency according to our expectations. There was some patterns to open short trades, but there is no tendency at the moment. We think there will be some opportunities to sell from the MA55 balance line today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a tight range last week. 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 the indicator.


Gold and Silver Technical Outlook July 18, 2017

GOLD (XAUUSD)



Gold failed to decline towards the broken out trend line on the Hourly chart and there was no opportunity to buy according to our recommendations. The price was moving towards the new highs from the MA13. However, there is no clear tendency still and we give no recommendations. We think that price is going to correct from the MQ13 up to the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD had some significant growth last week after the US CPI and Retail Sales data. We think that Gold is likely to develop its moderate 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 loses below the indicator.

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and the broken through trend line on the Hourly chart and there was no opportunity to open trades. The price is far from the MA55 balance line 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 had some growth last week according to our expectations. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

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

Technical Outlook July 19, 2017

EURUSD



The currency pair continued its growth yesterday despite the fact that the Eurozone ZEW Economic Sentiment data was worse than expected. There was no opportunity to open long trades as the price was close to the upper side of the MA-channel and failed to reach the MA13. USD is under the pressure as there are inner US political problems. We advise to pay attention to today’s US building permits data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and showed some moderate growth. 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 avoid trading today as the situation is unclear.

GBPUSD



The currency pair had some growth yesterday on the eve of the UK CPI data release as market participants expected the inflation to grow. However, CPI was worse than forecasted and decreased the expectations of the probability of stimulus tightening by the Bank of England. There was no reason to open long trades after this release, but if you had such an opportunity, your positions closed with small stop losses. We think that GBP/USD is likely to start its downside correction today.

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

AUDUSD



The currency pair continued its aggressive growth, which is able to reach 0,80000. We think that AUD/USD is likely to reverse today and the price will not reach the above mentioned level. Anyway, it is difficult to open long trades at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think 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 avoid trading today as the situation is unclear.

USDCHF



The currency pair developed its downside correction yesterday but there was no opportunity to open long trades as USD/CHF failed to reach the MA55 balance line. There was even no chance to sell from the MA13. We think that today the currency pair allows to open short trades from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a tight range last week. 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 open short trades from the MA55 balance line area. Place stop losses above the indicator.


Gold and Silver Technical Outlook July 19, 2017

GOLD (XAUUSD)



Gold continued to be trading with some growth and bounced off the MA13 indicator. We gave no recommendation to buy from there. WE had doubts that XAU/USD is able to develop its upside tendency after a long way. The tendency is slowing down today and we think Gold is likely to go on correction. There is another probability of an upside burst from the MA55 balance line and we advise to buy from there.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had some considerable growth last week because of the worse than expected US CPI 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)



Silver failed to reach the MA55 balance line yesterday and we think it is going to move closer today. In this case you can buy XAG/USD.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had some growth last week according to our expectations. We think that XAG/USD is likely to develop its growth on 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.

Technical Outlook July 20, 2017

EURUSD



The currency pair was in correction on Wednesday as market participants are waiting for the results of the European Central Bank meeting, which is to take place today. Previous EUR/USD’s growth was due to the expectations that the ECB is going to announce stimulus tightening. We think that it is better to do nothing before the end of the ECB’s meeting.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week. We think that EUR/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 close to the MA55 balance line. We advise to avoid trading today before the release of the results of the European Central Bank’s meeting.

GBPUSD



The currency pair was trading in a tight range on Wednesday and changed its tendency. There is important UK Retail Sales data on the way, which may have impact on GBP/USD for today. Bloomberg experts expect huge Retail Sales growth and if those forecasts fail to meet investors expectations, the currency pair is likely 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 expected growth last week. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator or above 1,30600.

AUDUSD



The currency pair continued its upside tendency but the trend loses strength and we think AUD/USD is likely to reverse its tendency in the nearest future. However, the currency pair is still able to reach 0,80000. AUD/USD reached new weekly lows after today’s Australian Labor Market data and reached 0,79865. We think that this level will be the highest for this week.

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 according to our expectations. 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



The currency pair was trading in a tight range yesterday. There was no opportunity to open short trades according to our recommendations. The price failed to reach the entry point. We think that it is a good idea to look for short trades today, but the risks are high as there is a reverse pattern. However, we think it is better to try to sell according to the current tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a tight range according to our expectations. 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 the indicator. The trade is of high risks.


Gold and Silver Technical Outlook July 20, 2017

GOLD (XAUUSD)



Gold moved higher from the MA55 balance line according to our expectations. There was a chance to buy from there. The eventual profit was about 7500 pips and you had an opportunity to take profit. We think that XAU/USD is likely to reverse its tendency if there is nothing unexpected.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had a significant growth last week because of worse than expected US inflation data. We think that XAU/USD is likely to develop its moderate 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver offered opportunities to open long trades according to our recommendations from the MA55 balance line and there was a chance to take about 15 pips. It was enough as protect trades or to fix them. We can see that the upside tendency is going to slow down and the price is building a reverse pattern.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading with some growth last week according to our expectations. We think that XAG/USD is likely to develop its upside dynamics in the next couple of days.

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