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Technical Outlook September 25, 2017
EURUSD
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The currency pair started a correction and went downwards even deeper than we had expected. It went below 1,19800. If you had opened short trades on Friday, they were closed by stop losses as the price went against forecasts for 250 pips which is too much for stop losses. Today we advise to pay attention to German IFO Business Climate data, which is likely to increase the volatility. It is better doing nothing at the moment as the situation is unclear.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/USD is likely to develop its downside correction in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
GBPUSD
https://adamantfinance.com/upload/me...cd88e27809.jpg
The currency pair is fluctuating within a wide range and we think GBP/USD is likely to decline moderately this week. There is no important data today and we think that the currency pair is likely to continue to fluctuate within this range without any changes.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated according to our expectations last week. We think that GBP/USD is likely to start a correction in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
AUDUSD
https://adamantfinance.com/upload/me...17939db4d0.jpg
The currency pair had an upside correction on Friday and is above to resume its downside tendency in the nearest future. AUD/USD is in a good place for short trades now and we think it is a good idea to sell. It is better to aim close targets as there are no reasons for the currency pair to go deeper downwards.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but failed as USD went upwards after the Federal Open Market Committee meeting. We think that AUD/USD is likely to develop its downside correction in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
USDCHF
https://adamantfinance.com/upload/me...b1ae47d3ad.jpg
The currency pair offered opportunities to open long trades from 0,96700, but if you placed an order, there was np chance to execute the trade. You could open positions manually, but the growth was moderate and it was hard to earn something in this situation. We advise to monitor charts today and to do nothing.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week frustrating our expectations. We think that USD/CHF is likely to develop this tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. WE advise to avoid trading as the situation is unclear.
Gold and Silver Technical Outlook September 25, 2017
GOLD (XAUUSD)
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There was no opportunity to open trades according to our recommendations as the price failed to approach the trend line. The volatility was low and the price was able to approach the MA55 balance line. We advise to try opening short trades from 1300, 1302,000 on the Hourly chart.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed it downside tendency last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1300-1302,000. Place stop losses above the trend line.
SILVER (XAGUSD)
https://adamantfinance.com/upload/me...f20662253d.jpg
Silver failed to reach the MA55 balance line and we give the same recommendations today. Precious metals are still under the pressure as the Federal Open Market Committee is likely to hike Interest Rates on December.
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 correction in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line are or from the trend line. Place stop losses above those indicators.
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Technical Outlook September 26, 2017
EURUSD
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The currency pair declined yesterday after the final release of the results of German elections. Merkel held her current position and her party has won the majority, but her positions are not as stable as they were before as ultra right party has gained more votes this time. It means that Merkel has to start negotiations with them. We don’t think that this situation is going to influence EUR/USD for long time. However, there is the downtrend currently as the price has broken through the trend line on the Hourly chart. It is better to look for short trades now.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its downside correction last week according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the trend line. Place stop losses above the indicator.
GBPUSD
https://adamantfinance.com/upload/me...c08dbf216e.jpg
The currency pair shifted towards the lower side of the range according to our expectations. We think that GBP/USD is likely to develop its downside tendency. We think it is a good idea to look for short trades from the MA55 balance line. AS for the important events, we advise to pay attention to Yellen’s speech, which takes place in the end of the American session.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair has met our expectations last week. We think that GBP/USD is likely to start a correction in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.
AUDUSD
https://adamantfinance.com/upload/me...45adc9cc5d.jpg
The currency pair declined moderately as we had previously expected. You could earn not more than 300 pips if you had opened short trades from the MA55 balance line. There was no sense to hold trades more as the currency pair changed its tendency and it is in the neutral positions now. It is better to take no decisions now.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but USD went upwards after the release of the results of the Federal Open Market Committee meeting. We think that AUD/USD is likely to develop its correction in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
USDCHF
https://adamantfinance.com/upload/me...cc4439d9c0.jpg
The currency pair went downwards as the tensions between the Northern Korea and the United States grow again. Swiss Franc is used as a shelter currency in this case and you can see it clearly on the chart. The currency pair is trying to establish a downside tendency and we think there is an opportunity to open short trades on the Hourly chart.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week frustrating our expectations. We think that USD/CHF is likely to develop this 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.
Gold and Silver Technical Outlook September 26, 2017
GOLD (XAUUSD)
https://adamantfinance.com/upload/me...0b45d56fae.jpg
Gold went upwards sharply because of the growth of tensions between the Northern Korea and the United States. The US President and the Minister of Foreign Policy of the Northern Korea exchanged some rough comments.
Precious metals went upwards as they used as shelter in times of geopolitical instability. Short trades from the trend line were closed by small stop losses. Gold has broken through the trend line on the Hourly chart and we think that the precious metal is going to change its tendency.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold develop a downside tendency last week according to our expectations. We think that XAU/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 open trades from the trend line or from the MA55 balance line. Place stop losses beyond those indicators.
SILVER (XAGUSD)
https://adamantfinance.com/upload/me...14e27752a5.jpg
Silver offered an opportunity to open short trades according to our recommendations and you could protect your trades. It is better to avoid selling from the trend line as XAG/USD is changing its tendency. It is better to look for long trades from the MA55 balance line.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that XAG/USD 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 open long trades from the MA55 balance line area. Place stop losses below the indicator.
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Technical Outlook September 27, 2017
EURUSD
The currency pair offered an opportunity to sell from the broken through trend line according to our recommendations. The price did not reach the line as such situations are rare for the market. There was no retrace and you could earn about 1000 pips. The currency pair is still under the influence of the German elections, which took place the last weekend.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its correction last week according to our expectations. We think that EUR/USD is likely to continued its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
GBPUSD
The currency pair offered opportunity to sell according to our recommendations. The price was close to the MA55 balance line and you had the chance to sell from there. If you opened those trades, you could earn about 1000pips. Janet Yellen protected her current plans to hike Interest Rates again and market participants expect the Federal Open Market Committee to tighten monetary policy again this year.
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 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 establishes a downtrend and you can try short trades today. There are no important events to influence fluctuations and we think that AUD/USD is likely to follow USD’s dynamics. We still think that the target should be small.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but failed to do it as the Federal Open Market Committee announced the probability of another Interest Rates hike this year. We think that AUD/USD is likely to develop its downside correction in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.
USDCHF
The currency pair offered opportunities to open short trades from the MA55 balance line. If you entered the market, you could have small losses as USD/CHF failed to develop its downside tendency. The currency pair is in the neutral positions now. The tensions between the United States and the Northern Korea went down and we think that USD/CHF is likely to fluctuate according to the situation with USD. Is it better to do nothing today as the situation is unclear.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week frustrating our expectations. We think that USD/CHF is likely to develop its upside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
Gold and Silver Technical Outlook September 27, 2017
GOLD (XAUUSD)
Gold offered an opportunity to open trades from the MA55 balance line. And from the trend line. In both cases you had no chance to win as there was no further upside tendency, but the price did enough to protect your trades. The Fed’s Head Yellen announced yesterday that the US Central Bank still consider the probability of Interest Rates hike this year. We give no recommendations as there is no tendency today.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold had a downside correction last week according to our expectations. We think that XAU/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.
SILVER (XAGUSD)
Silver offered an opportunity to buy from the MA55 balance line and those trades resulted in small losses. USD is on the uptrend now as the Federal Open Market Committee is likely to hike Interest Rates again this year. There is no tendency currently and we advise to do nothing.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that 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 is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
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Technical Outlook September 28, 2017
EURUSD
https://adamantfinance.com/upload/me...6d1c05b97b.jpg
The currency pair developed its downside tendency yesterday as it is under the influence of the German Federal elections, which took part on Sunday. There is another reason for this downtrend – the Federal Open Market Committee has announced the probability of another Interest Rates hike this year. It is to mention that Interest Rates hike futures reached the 83% mark. However, yesterday we have seen the first signs of this tendency to slow down. We advise to be cautious when trading downwards.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/USD is likely to continue its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.
GBPUSD
https://adamantfinance.com/upload/me...4d2d1ce262.jpg
The currency pair declined yesterday during the Asian session and stopped its decline later. We think those are the signs that the downside tendency loses momentum. It is better to be cautious when trading downwards as you may catch a significant upside correction.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated according to our expectations last week. We think that GBP/USD is likely to develop its downside correction in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.
AUDUSD
https://adamantfinance.com/upload/me...6a1dfbebf5.jpg
The currency pair developed its decline yesterday and had an upside burst, but it was not enough to offer any trading opportunities. You can try to sell from the MA55 balance line today but we think that AUDUSD is likely to start a correction tomorrow. There is the probability that the correction is going to start today. You have to protect your trades in this case.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its upside tendency last week but failed as USD went upwards. We think AUD/USD is going to develop its downside correction in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to sell from the MA55 balance line. Place stop losses above the indicator.
USDCHF
https://adamantfinance.com/upload/me...d651c0c843.jpg
The currency pair continued to fluctuate without any clear tendency. The price is stable after the exchange of comments between the US and the Northern Korea. There is no clear tendency yet and we think it is better to do nothing today.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week frustrating our expectations. We think that USD/CHF is likely to develop this 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 September 28, 2017
GOLD (XAUUSD)
https://adamantfinance.com/upload/me...d3aa8c3629.jpg
Gold developed its decline yesterday and established a downside tendency. Interest Rates hike odds increased and push Gold downwards. The Interest Rates hike futures reached 83% mark. This means that the market participants have no doubts that the Federal Open Market Committee is going to take the expected decision on December. We think that USD/CHF is likely to develop its decline. WE advise to open trades when the correction ends.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed downside correction last week according to our expectations. We think that XAU/USD is likely to continue 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 1288,000.
SILVER (XAGUSD)
https://adamantfinance.com/upload/me...2c0e492eda.jpg
Silver established a downside tendency and we think it is time to look for short trades from the MA55 balance line (if the price reaches this indicator). If Silver fails to make a correction before the American session, it is better to avoid trading.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that XAG/USD is likely to continue 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.
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Technical Outlook September 29, 2017EURUSDhttps://adamantfinance.com/upload/me...edede2981a.jpgThe currency pair ended its downside tendency yesterday and thwarted an upside correction. If you opened a short trade, this positions would close by a stop loss. As you know, no trend lasts forever. There is no tendency currently and we give no recommendations. There are no events on the way, that may change the market situation today.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our recommendations. We think that EUR/USD is likely to develop its downside correction in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.GBPUSDhttps://adamantfinance.com/upload/me...8ac995a592.jpgThe currency pair started its correction yesterday. If you had short trades, whey were closed by stop losses. There is no tendency today and we give no recommendations. As for the important events, pay attention to the US consumer spending data, which will be released during the American session.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated according to our recommendations last week. We think that GBP/USD is likely to start a downside correction in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.AUDUSDhttps://adamantfinance.com/upload/me...5cb4573079.jpgThe currency pair offered an opportunity to open short trades during the American session. You had an opportunity to protect positions during the Asian session. There is a probability of another downside momentum and we advise to leave trades for a while as they are protected and you will have no loss in case if the price goes against your forecasted direction. AS for the important events today, we advise to pay attention to the US consumer spending data, which is to be released during the American session.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but USD growth was strong. We think that AUD/USD is likely develop its downside correction in the next couple of days.There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.USDCHFhttps://adamantfinance.com/upload/me...2154a19f21.jpgThe currency pair continued to fluctuate without any clear tendency. It is fluctuating within a range now. We give no recommendations, as there is no trend currently. We advise to pay attention to the US consumer spending data, which is to be released during the American session.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that USD/CHF is likely to develop this tendency in the next couple of days.There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.Gold and Silver Technical Outlook September 29, 2017GOLD (XAUUSD)https://adamantfinance.com/upload/me...e330a6af36.jpgGold offered an opportunity to sell from 1288,000 during the American session and you had a chance to protect your trades during the Asian session. There is downside tendency currently and we advise to hold those short trades as your positions are protected. As for the important events, we advise to pay attention to consumer spending data, which is to be release during the American session.There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside tendency last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades from 1288,000.SILVER (XAGUSD)https://adamantfinance.com/upload/me...dea3c3326b.jpgSilver approached the MA55 balance line in the beginning of the American session offering opportunities to sell according to our recommendations. The price declined enough to move stop losses at breakeven level. Later, stop losses triggered. There is no tendency currently and we give no recommendations.There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its downside tendency last week according to our recommendations. We think that Silver 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.
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Technical Outlook October 2, 2017
EURUSD
https://adamantfinance.com/upload/me...1ba8cb5a23.jpg
The currency pair developed its correction on Friday but is showing some signs of further decline today. EUR is under the pressure due to the events in Spain where there was a referendum on Sunday. Catalons announced their victory, but the Spanish government accuse them in breaching the law. It is hard to say now, what will be next and investors prefer to sell EUR. The main event for this week is the US Labor Market data. It is also recommended to pay attention to the US and UK ISM and PMI data.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside tendency last week according to our recommendations. We think that EUR/USD is likely to develop its downside correction in the next couple pf 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
https://adamantfinance.com/upload/me...4ec953bc73.jpg
The currency pair continues its correction but we think it is likely to develop its decline in the nearest future. WE think that GBP/USD is likely to start its downside tendency even today. The price is likely to cross 1,33500 level and you can take this opportunity. It is better to wait until the price crosses this level and open trades when GBP/USD will go back to retest it.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week according to our expectations. We think that GBP/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 below the MA55 balance line. We advise to open short trades today from 1,33500. Place stop losses above this level.
AUDUSD
https://adamantfinance.com/upload/me...8999d5eb2d.jpg
The currency pair declined and you had an opportunity to take about 350 pips. It was enough to fix positions and to protect the others. However, we think that AUD/USD is likely to develop its decline and to provide you even with more money.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/USD is likely to decline in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. WE advise to hold short trades from 0,78550.
USDCHF
https://adamantfinance.com/upload/me...c103e0d8a4.jpg
The currency pair developed its neutral fluctuations within a small range on Friday. We think that USD/CHF is likely to develop some growth in the nearest future. However, there is no tendency currently and it is better to do nothing at the moment.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price was within a range last week according to 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 October 2, 2017
GOLD (XAUUSD)
https://adamantfinance.com/upload/me...3413c536a1.jpg
There was no profit in the trade if you had opened positions on Friday as short trades from 1288,000 were closed by stop losses. USD resumed its growth despite the fact that the US data on Friday was worse than expected. XAU/USD established new lows. We think that Gold is likely to develop its downside tendency in the next couple of days.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed a downside correction last week according to our expectations. We think that XAU/USD is likely to decline in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. WE advise to open short trades from the MA13. Place stop losses above the indicator.
SILVER (XAGUSD)
https://adamantfinance.com/upload/me...7fcb230dd0.jpg
Silver resumed its decline during the American session on Friday and continued its downside tendency today. There is the downtrend now and we think it is a good idea to look for short trades. We think that Silver has probabilities to resume its decline.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.
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Technical Outlook October 3, 2017
EURUSD
https://adamantfinance.com/upload/me...61ffb8d282.jpg
The currency pair developed its moderate decline yesterday and established new lows during the Asian session. EUR/USD fluctuated in a range yesterday after its downside tendency during the Asian session. Eurozone PMI data was worse than expected and gave no support to EUR. Today we have similar situation as Asian session gives fuel to further fluctuations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA13. Place stop losses above the indicator.
GBPUSD
https://adamantfinance.com/upload/me...c27b4ae0ec.jpg
The currency pair declined according to our expectations, but there was no retest of 1,33500 level and GBP/USD gave no opportunity to open trades. The UK PMI data was significantly weaker than expected and GBP went sharply downwards. We give no recommendations today as the price is close to the lower side of the MA55-channel.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that GBP/USD is likely to develop its downside correction in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
AUDUSD
https://adamantfinance.com/upload/me...8951f65454.jpg
The currency pair fluctuates with no clear direction as the market participants are looking forward to see the results of the Reserve Bank of Australia meeting. Investors hope that the RBA head is going to make any hints on the probability of further monetary policy tightening in future. However, today the currency pair is likely to develop its decline towards 0,77400.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/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 hold short trades from 0,78550.
USDCHF
https://adamantfinance.com/upload/me...18c9713c16.jpg
The currency pair established new highs during the Asian session and is able to develop its upside tendency in the nearest future. We think it is a god idea to look for long trades from the MA13 as this growth may be strong and sharp. We think that currency pair shows some signs of an upside tendency and the chances for those trades to have positive outcome are high.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a range last week. According to 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 buy from the MA13. Place stop losses below the indicator.
Gold and Silver Technical Outlook October 3, 2017
GOLD (XAUUSD)
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Gold offered opportunity to open trades from the MA13 according to our recommendations and stop losses triggered. We think that XAU/USD is likely to make a correction towards the MA55 balance line and then Gold is likely to resume its decline. This downside tendency may last for a couple of days. We advise to sell from the MA55 balance line or even higher.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold had a downside correction last week according to our expectations. We think that XAU/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.
SILVER (XAGUSD)
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Silver offered opportunity to sell from the MA55 balance line and you could have 15 pips profit. It was enough to protect trades and to fix your positions partially. Precious metals are likely to start an upside correction today and we think it is a good idea to fix the rest of your positions or to leave them to chance.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
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Technical Outlook October 4, 2017
EURUSD
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The currency pair had an upside correction yesterday and has broken its downside tendency. The MA-channel still looks downwards but the currency pair goes upwards and is far above the MA55 balance line. Today we advise to pay attention to the Eurozone PMI data as we think EUR/USD is likely to increase its volatility after the release of this data. We think that the currency pair is likely to fluctuate within a range 1,17000-1,18300.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction 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 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
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The currency pair fluctuated in a range yesterday and we think it is going to start its growth today. We expected GBP/USD to reach 1.33500 level. However, we give no recommendations as the global tendency on the Hourly chart is downside. Today we advise to pay attention to the UK Services PMI and we think that GBP/USD is likely to increase its volatility after this release.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week. We think that GBP/USD is likely to develop its upside correction in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading as the situation is unclear.
AUDUSD
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The currency pair failed to reach 0,77400 level and reversed sharply upwards. We think that USD is weak as the US Labor market data is to be released in the nearest future. Today we advise to pay attention to the US ADP Non-Farm Employment Change. This data is a sort of prelude to the Friday’s US Unemployment Rate and Non-Farm Employment change.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/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 today as the situation is unclear.
USDCHF
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The currency pair offered opportunity to buy from the MA13 and there was a chance to take profit as the price went in the direction of forecasts. 120 pips was enough to move stop losses at breakeven level. However, later the currency pair declined towards the MA55 balance line and crossed it during the Asian Session. We think USD/CHF is likely to fluctuate within a range 0,96850-0,97850.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a range last week. 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 below the MA55 balance line. WE advise to avoid trading today as the situation is unclear.
Gold and Silver Technical Outlook October 4, 2017
GOLD (XAUUSD)
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Gold failed to offer an opportunity to sell from the MA55 balance line as the price reached the indicator during the Asian session. We recommended to open short trades from the MA55 balance line or higher and we advise to open trades today from 1277,000. There is important US Labor market data today to be released. We think that this data is able to push Gold in the necessary direction.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold had a downside correction last week according to our expectations. We think that the price 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 open short trades from 1277,000. Place stop losses above this level.
SILVER (XAGUSD)
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Silver had a correction yesterday and we were right to recommend closing short trades yesterday. The price is close to the trend line and we think it is going to try to cross it In this case, we think that Silver is likely to change its tendency and there will be opportunities to buy from the trend line.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline 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 downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. We advise to open long trades form the trend line. Place stop losses below the trend line.
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Technical Outlook October 5, 2017
EURUSD
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The currency pair fluctuates above the MA55 balance line and has broken the downside tendency. EUR/USD went upwards yesterday during the Asian session but failed to develop this tendency as the Eurozone data was weaker than expected. We have noticed yesterday, that the currency pair was going to be trading within a range 1,17000-1,18300. We advise to pay attention to the European Central Bank meeting minutes, which are to be released during the European session.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction 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
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The currency pair failed to grow yesterday and fluctuated within a limited range. We think that GBP/USD is likely to bounce off the trend line on the Hourly chart and is going to move towards 1,33500 level. IF this not happen today, we expected the currency pair to do it on Friday after the release of the US Labor Market data. We could recommend buying from the trend line, however, the MA-channel goes downwards.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week according to our expectations. We think that GBP/USD is likely to develop its downside correction in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
AUDUSD
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The currency pair fluctuated within a range yesterday. AUD/USD declined sharply after the Australian Retail Sales data. We think that USD is likely to increase its influence on the eve of the US Labor Market data release.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
USDCHF
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The currency pair established an upside tendency but failed to leave the range 0,96850-0,97850. We think that USD/CHF is likely to develop this tendency today. The only think that may change the situation is the release of the European Central Bank Meeting minutes.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a range. 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 avoid trading today as the situation is unclear.
Gold and Silver Technical Outlook October 5, 2017
GOLD (XAUUSD)
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Gold offered an opportunity to open trades according to our recommendations from 1277,000. However, those trades resulted in losses. The price went upper, than we had expected. The ADP data influenced the market, but the positions were closed at that moment. We think that Gold is likely to resume its decline today, but there is a probability, that Gold may fluctuate within a range on the eve of the US Labor Market data.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold made a downside correction last week according to our expectations. We think that XAU/USD is likely to decline within a correction.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
SILVER (XAGUSD)
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Silver crossed the trend line and went back to it according to our recommendation. The price went upwards for 15 pips and it was enough to protect positions or to fix profit. The price went downwards later and the rest of the positions was fixed by stop losses. We think that Silver is likely to resume its decline today.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. The price is likely to develop its correction in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
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Technical Outlook October 6, 2017
EURUSD
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The currency pair declined yesterday as the FED Interest Rates hike odds increase again. The European Central Bank’s meeting minutes had no surprises and had almost no influence on the price. USD went upwards as 88% of investors believe that the Federal Open Market Committee is going to hike Interest Rates on December. We advise to pay attention to today’s US Labor Market data. It is better to wait until the release of the US data before doing anything.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. WE think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take any decision after the release of today’s US Labor Market data.
GBPUSD
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The currency pair has broken through the trend line and went downwards after the comments of the Bank of England MPC’s member. He said that the market participants had misunderstood the latest words of the head of the Bank of England on the probability of Interest Rates hike. The price went downwards. We advise to pay attention to today’s US Labor Market data, which is likely to increase volatility.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that GBP/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. WE advise to avoid trading today as the situation is unclear.
AUDUSD
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The currency pair went downwards yesterday as USD goes upwards. USD growth is due to the increase of FED Interest Rates hike odds. We advise to pay attention to today’s US Labor Market data, which is able to increase volatility.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside tendency last week according to our expectations. We think that AUD/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 trades after the US Labor Market data today.
USDCHF
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The currency pair went above the uppers side of the trading range 0,96850-0,97850. This happened even before the US Labor Market data. We advise to pay attention to today’s US data, which is able to increase volatility.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a range last week according to 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 trades after the release of the US Labor Market data.
Gold and Silver Technical Outlook October 6, 2017
GOLD (XAUUSD)
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Gold declined yesterday according to our expectations. This happened due to the increase of the Interest Rates hike odds. The volume of investors, who believe that the Federal Open Market Committee is going to hike rates rose to 88%. We advise to pay attention to today’s US Labor market data.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. We think XAU/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.
SILVER (XAGUSD)
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Silver failed to develop its decline yesterday. The price is close to 16,55 level, and is able to cross it after the release of today’s US Labor Market and Average Hourly Earnings data.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that XAG/USD is likely to continue its downside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.