Thread: Adamant Finance - Daily Analysis

Technical Outlook December 1, 2017

EURUSD



The currency pair offered an opportunity to sell according to our recommendations from the MA55 balance line. The price was in the profit area for more than 500 pips and there was a chance to fix positions without any troubles. This downside tendency was the result of a worse than expected Eurozone inflation data as the final result was weaker than experts had previously forecasted. However, later the currency pair went upwards sharply as the US President Donald Trump has announced the probability of the Secretary of State Tillerson Resignation. The uptrend has started. We have announced it in the beginning of the week.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth last week frustrating our expectations. We think that EUR./USD is likely to develop its upside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long positions form the MA55 balance line. Place stop losses below the indicator.

GBPUSD



The currency pair is still going upwards after the latest Brexit news. The price is likely to stop at 1,36000 or somewhere near this level. The uptrend is very strong and you can try to open long positions from MA13. However, remember that risks are very high.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. 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 open long positions from the MA13. Place stop losses below the indicator.

AUDUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line yesterday according to our recommendations. The price was in the profit area for 300 pips and there was an opportunity to fix positions with positive results. There was two chances to sell and both ended almost with the same results. We think that it is a good idea to look for short positions today.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went above the trend line last week. We think that AUD/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 close to the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair approached the trend line on the Hourly chart and offered opportunities to open short positions according to our recommendations. The price declined for more than 600 pips. However, we think that this downside tendency has just began and we advise to hold short positions. Move stop losses at breakeven level.
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 upside tendency’s 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 close to the MA55 balance line. We advise to hold short positions from the trend line on the Hourly chart.


Gold and Silver Technical Outlook December 1, 2017

GOLD(XAUUSD)



Gold goes downwards in a wave manner and it is hard to stop such a downside tendency. You could look for short positions yesterday. The price failed to move closer to the MA55 balance line and it was better to avoid doing anything. You can try to sell from the MA13, but risks are very high. We advise to pay attention to the PMI data from the strongest economics in the World.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price returned to its limited range last week according to our expectations. We think that Gold is likely to stay within this channel for 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 positions from the MA13. Place stop losses above the indicator.

SILVER(XAGUSD)



Silver developed its aggressive decline yesterday and failed to approach the MA55 balance line. The price made a significant way downwards and we think that it is going to stop in the nearest future. We give no recommendations as we think that a correction is possible.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its limited range last week according to our expectations. We think that XAG/USD is likely to stay within this channel for 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 December 4, 2017

EURUSD



The currency pair offered an opportunity to sell from the MA55 balance line according to our expectations. The price went upwards and stop losses could trigger but if you are still in the market, you could earn about 600 pips and to fix profit without any difficulties. This week is important for the markets as there is a probability of significant fluctuations on Friday due to the US Labor Market and Average Hourly Earnings releases. However, today there is no important data from United States and Eurozone and we expect the volatility to be medium.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to develop its range fluctuations in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair offered an opportunity to open long positions from the MA13. However, those trades were unsuccessful. We have noticed that those positions will be of high risk. GBP/USD has started a correction and we advise to wait until the end of this correctional downside tendency before taking any further steps.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair offered an opportunity to sell from the MA55 balance line according to our recommendations. However, there was no chance to have profit with those positions as stop losses triggered. AUD/USD shows intensions to grow and we think that there will be a fake breakout on the Weekly chart. We advise to prepare for long positions.

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 according to our expectations. We think that AUD/USD will remain in this range in the nearest future and will leave it upwards later.

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 declined from the trend line on the Hourly chart according to our expectations. However, the price tested the trend line again and stop losses could trigger. If you remained in the market, your profit could reach 1200 pips. You had an opportunity to fix trades.

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 stay within this wide range for 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 December 4, 2017

XAUUSD



Gold offered an opportunity to sell according to our recommendations but those positions were closed by stop losses. The trades were of high risk as we had previously mentioned. US political events influence USD and its fluctuations are unstable. We think that the situation will be the same this week and it is better to be prepared for some surprises.
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 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 avoid trading today as the situation is unclear.

XAGUSD



Silver stopped its downside tendency on Friday, but we think it may resume its decline in the nearest future. We think it is a good idea to look for short positions from the MA5 balance line.
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 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 positions from the MA55 balance line. Place stop losses above the indicator.

Technical Outlook December 5, 2017

EURUSD



The currency pair fluctuated in a small range yesterday as there was no important data to increase volatility. There is no tendency currently but you can try to open short positions form the MA5 balance line with close targets. It is better to open positions in the first half of the day. We advise to pay attention to Eurozone PMI and Retail Sales data as it may influence fluctuations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within a range last week according to our expectations. We think that EUR/USD is likely to stay within this range for 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 positions from the MA55 balance line. Place stop losses above the indicator. Those positions are risky.

GBPUSD



The currency pair had some sharp fluctuations yesterday as the negotiations on Brexit has started again. Market participants expected those negotiations to have positive results. However, there was some problems during the meeting that remained unsolved and GBP/USD went downwards with the same speed. We advise to pay attention to UK PMI data as it may influence fluctuations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according our expectations. We think that GBP/USD is going to develop is 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 open short positions from the MA55 balance line. The trade is risky.

AUDUSD



The currency pair fluctuated in a small range on Monday. However, it started to grow today in the morning as the Australian data was better than expected. We advise to pay attention to today’s Reserve Bank of Australia meeting. Experts expect the Interest Rate to remain unchanged. We think that AUD/USD is likely to go upwards today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated in a small range last week according to our expectations. We think that AUD/USD is likely to stay within the range 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.
The currency pair approached the trend line on the Hourly chart. We think that it is going to break through this line today. However, there is no trend currently and we give no recommendations. We advise to do nothing today. The currency pair is likely to go upwards in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and gained back some positions. We think that USD/CHF is likely to stay within this range for the next couple of days.

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

USDCHF



The currency pair approached the trend line on the Hourly chart. We think that it is going to break through this line today. However, there is no trend currently and we give no recommendations. We advise to do nothing today. The currency pair is likely to go upwards in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and gained back some positions. We think that USD/CHF is likely to stay within this range for 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 December 5, 2017

XAUUSD



Gold fluctuated within a small range on Monday as there was no important events to shake the markets. There are several important events today and we expect XAU/USD to increase its volatility. US tax law amendments were adopted by the Senate, but this event had no impact on fluctuations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined 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 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.

XAGUSD



Silver offered an opportunity to open short positions from the MA55 balance line, but the profit was low as the market activity was also low. There are two options now – you can fix your positions and earn about 10 pips or leave your trades unchanged and to hope for the better results. Stop losses should be moved to the breakeven level in this case.
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 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.

Technical Outlook December 6, 2017

EURUSD



The currency pair declined yesterday during the European session after the weaker than expected Eurozone data. EUR/USD accelerated its decline later as the Senate has adopted new amendments to the tax legislation. There was an opportunity to sell from the MA55 balance line. You could earn about 700 pips in this case. There are several important US data releases today and we think that the volatility is going to be high.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to stay within this range for 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 positions from the MA55 balance line. Place stop losses above the indicator.

GBPUSD



The currency pair offered an opportunity to sell from the MA55 balance line according to our recommendations. You could take 500 pips profit in this case. GBP/USD went downwards as the UK data was weaker than expected. USD went upwards as well due to the adoption of amendments to tax legislation by the Senate. We advise to pay attention to the US data, which is to be released today during the American session.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards las week according to our expectations. 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 positions form the MA55 balance line. Place stop losses above the indicator.

AUDUSD



The currency pair stopped its upside tendency during the Asian session. We can see some signs of a reverse. Today’s Australian GDP data was disappointing. We think that AUD/USD is likely to develop its downside tendency in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated in a small range last week according to our expectations. We think that AUD/USD is likely to stay within the range for the next couple of days. We also expect the currency pair to break the upper side of the range later.

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

USDCHF



The currency pair went through the trend line on the Hourly chart according to our expectations. We think that it is a good idea to open positions from the trend line on the Hourly chart. There is a high probability that USD/CHF is going to develop is upside tendency in the nearest future.

There is the downtrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to develop its range fluctuations 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 December 6, 2017

GOLD(XAUUSD)



Gold went downwards yesterday after a short pause. USD’s growth supported this downside tendency. The price established new weekly lows and approached the trend line on the Weekly chart. We think that Gold is likely to fail to break through the trend line from the first attempt. There is the downtrend currently but there is a support which is likely to hold the precious metal for some time.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined 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 avoid trading today as the situation is unclear.

SILVER(XAGUSD)



Silver developed its downside tendency and the idea to hold short positions was right. We advise to leave trades and to move stop losses at breakeven level. There was an opportunity to take about 35 pips. Silver has no obstacles to continue its decline. We advise to fix trades partially and to leave the rest as the profit may grow further. It is better to avoid opening new positions.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside 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.

Technical Outlook December 7, 2017

EURUSD



The currency pair declined yesterday due to better than expected US data. ADP Non-Farm Employment Change was higher than forecasted. Market participants expect Friday’s US Labor Market to be better than expected as well. USD is likely to go higher in the nearest future. There is no important data today and we think that the volatility is likely to decline during the day.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to stay within this range for 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 positions from the MA55 balance line. Place stop losses above the indicator.

GBPUSD



There was no opportunity to sell GBP/USD according to our recommendations as the price failed to reach the MA55 balance line. We leave our recommendations unchanged. The currency pair is under the pressure now as USD goes upwards and we think that the volatility is going to decline before the Friday’s data.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week and even exceeded our expectations. 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 positions from the MA55 balance line. Place stop losses above the indicator.

AUDUSD



The currency pair approached the MA55 balance line, but it was not enough to open positions. However, if you managed to sell, you had an opportunity to earn. We think that AUD/USD is likely to develop its decline, but we give no recommendations as the price is far from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated in a small range last week according to our expectations. We thinks that AUD/USD is likely to stay within the range for the next couple of days and then to leave it upwards.

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 offered an opportunity to open long positions from the broken through trend line on the Hourly chart. The total profit for those positions by now is about 500 pips. We think that USD/CHF is likely to develop its upside tendency but the volatility is likely to decline as market participants are looking forward to see the results of Friday’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. The currency pair declined last week downwards and then went upwards according to our expectations. We think that USD/CHF is likely to stay within this large range for 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 positions from the MA55 balance line. Place stop losses below the indicator.


Gold and Silver Technical Outlook December 7, 2017

GOLD(XAUUSD)



Gold fluctuates close to the trend line on the Weekly chart. We think that XAU/USD is ready to cross it and we advise to look for short positions. A downside tendency is likely to accelerate after the breakout and you can look for larger targets. However, we think that the price is likely to stay above the trend line before the release of Friday’s data. The trend line is crucial for today. You can open short positions from it, placing stop losses above the line.
There is the uptrend on the Hourly chart as the price is above the MA55 balance line. Gold declined 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 positions from the trend line.

SILVER(XAGUSD)



Silver developed its downside tendency yesterday and our profit grew. You had an opportunity to fix positions today. It is better to avoid opening new trades as there are several important releases on Friday from the United States. The price is likely to stay within a range before those releases.
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 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.

Technical Outlook December 8, 2017

EURUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. You could take about 300-400 pips as profit. Market participants are likely to pay more attention to today’s US Labor Market and Average Hourly Earnings data. Experts expect those releases to be better than forecasted.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to stay within this range for the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading before the release of the US Labor Market and Average Hourly Earnings data releases.

GBPUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. You could take about 800 pips as profit. Later, GBP/USD reversed sharply and went upwards. There are some news on Brexit that give additional support to GBP. However, this upside tendency is unstable as there is still no final decision on Brexit negotiations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. 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 positions only after the release of the US Labor Market and Average Hourly Earnings data releases.

AUDUSD



The currency pair developed its downside tendency according to our expectations. We gave no recommendations yesterday as the price was far from the MA55 balance line and is still there currently. We advise to avoid trading today as there is a probability of sharp fluctuations and the price is unstable.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a small range last week according to our expectations. We think that AUD/USD is likely to stay within this range for the next couple of days. We also expect AUD/USD to leave this range in the upside direction later.

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



There was no opportunity to sell the currency pair as the price failed to reach the MA55 balance line yesterday. It is better to avoid trading today as there is important US Labor Market and Average Hourly Earnings data on the way. Those releases are likely to increase volatility.

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 range fluctuations 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 December 8, 2017

GOLD(XAUUSD)



Gold accelerated its downside tendency after the price has broken through the trend line on the Weekly chart. There was no corrections yesterday. There was almost no opportunities to sell as the price failed to return to the trend line. If you risked to open short positions during the Asian session, you had an opportunity to earn. There is an important US Labor Market and Average Hourly Earnings data today and we expect the price to increase its volatility.
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 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 avoid trading today as the situation is unclear.

SILVER(XAGUSD)



Silver accelerated its downside tendency as Gold has broken through an important level. We had some doubts, but there is a confirmation and XAG/USD accelerated its downside tendency. There are several important events including US Labor Market and Average Hourly Earnings data releases today and we expect sharp 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 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.

Technical Outlook December 11, 2017

EURUSD



The currency pair fluctuated in both directions on Friday as the US data was mixed. The Labor Market data met the expectations but the Michigan University data was disappointing. USD went slightly downwards. Investors are going to pay more attention to the Federal Open Market Committee meeting, which is scheduled for Wednesday. Market participants expect the FOMC to hike Interest Rates for 25 basis points. They are going also to pay attention to the FOMC members comments on future monetary policy decisions as this 25 basis points Interest hike is already in the price.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards 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 above the MA55 balance line. We advise to avoid trading today and to monitor the situation as there is a probability of a reverse.

GBPUSD



The currency pair unexpected fluctuations due to the Brexit news, coming on Friday. However, GBP/USD declined for the whole day and reached the weekly lows. GBP was the single currency, which failed to grow as compared to USD on Friday.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. GBP/USD fluctuated in a wide range last week according to our expectations. We think that the currency pair 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.

AUDUSD



The currency pair fluctuated modestly after the US Labor Market and Average Hourly Earnings data release. There are some important releases in Australia this week and we expect AUD/USD to have significant fluctuations. We think that the currency pair is ready to reverse. However, AUD/USD may also have a correction after a significant decline last week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and has broken through the trend line on the Weekly chart. We think that AUD/USD is likely to develop its downside tendency in the next couple of days.

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

USDCHF



The currency pair is likely to start a correction in the nearest future after a significant growth last week We think that USD/CHF is going to decline in the first days of the week. The currency pair reacted modestly on Friday’s US Labor Market and Average Hourly Earnings data. We think that USD/CHF is likely to reverse its tendency today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week and has broken through the trend line on the Hourly chart. We think that USD/CHF is likely to develop its upside tendency in the next couple of days.

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


Gold and Silver Technical Outlook December 11, 2017

GOLD(XAUUSD)



Gold had sharp fluctuations after the release of the US Labor Market and Average Hourly Earnings data. We gave no recommendations and we were right as there were few chances to earn something. The main event for this week is the Federal Open Market Committee Meeting, which takes place on Wednesday. Market participants expect Fed to hike rates again this year, but the also are going to pay attention to the FOMC members comments on future monetary policy prospects.
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 I 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 positions from the MA55 balance line or from the trend line. Place stop losses above the indicators.

SILVER(XAGUSD)



Silver started a correction today as it went downwards significantly last week. We advise to wait until this correction ends. We think that this correction is likely to continue until Wednesday, when the Federal Open Market Committee is going to pronounce their decision and give their comments.
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 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 avoid trading today as the situation is unclear.

Technical Outlook December 12, 2017

EURUSD



The currency pair failed to reverse and now EUR/USD fluctuates with no clear bias. We think that market participants will be cautious on the eve of the Federal Open Market Committee meeting. Investors are waiting for the results of this meeting and are looking forward to hear something about future monetary policy plans. We think that the currency pair is likely to stay within a limited range before the FOMC meeting. Today market participants may pay attention to Eurozone CPI and US PPI data. Those figures may increase volatility.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards 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 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 declined yesterday and stopped close to the weekly lows. GBP/USD is likely to breakout those lows and develop its downside tendency, but we think that investors will be cautious on the eve of the Federal Open Market Committee meeting. We expect GBP/USD to start an upside correction today.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a wide range last week. We think that GBP/USD is likely to develop its downside tendency in the next couple of days.

AUDUSD



The currency pair had modest fluctuation today as important Australian data was released. This data was worse than expected, but indicates on positive prospect of the Australian business. We think that AUD/USD is likely to go upwards today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week according to our expectations and confirmed the breakout of a trend line. 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



The currency pair declined modestly according to our expectations. We think that USD/CHF is likely to develop this dynamics today. There is important Eurozone CPI data today, which is able to influence USD/CHF as well. However, we think that the currency pair is likely to have a downside correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside tendency last week and has broken through the trend line on the Hourly chart. We think that USD/CHF is likely to develop its growth towards the trend line 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 December 12, 2017

GOLD(XAUUSD)



Gold offered and opportunity to open short positions according to our recommendations. There was almost no price retracement and the profit reached 1000 pips. You had an opportunity to take it without any difficulties. XAU/USD breakout weekly lows and we think there is a probability of further decline in the nearest future. However, we advise to pay attention to tomorrows Federal Open Market Committee meeting which is able to change the situation.
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 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 positions from the MA55 balance line. Place stop losses above the indicator.

SILVER(XAGUSD)



Silver still forms a correction according to our expectations. This correction is likely to be until Wednesday when the Federal Open Market Committee is going to announce their monetary policy decision. It is better to do nothing now.
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 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.

Technical Outlook December 13, 2017

EURUSD



The currency pair declined during the American session as the US PPI data was better than expected. Producer inflation has shown acceleration of its growth. There is a Consumer Price Index release today which is also able to accelerate USD’s growth in case if it is better than forecasted. However, the main event for today is the Federal Open Market Committee meeting as the FED members are going to take important decisions and to announce future monetary policy prospects. Market participants are going to pay attention to this event.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards 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 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 declined yesterday, but this downside tendency was limited. GBP/USD established new lows and we think that the currency pair is likely to have a new downside momentum. We advise to pay attention to today’s Federal Open Market Committee meeting results and to the FED members’ comments as they may influence the volatility growth.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a wide range last week according to our expectations. We think that GBP/USD is likely to go downwards 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 went upwards according to our expectations. The Australian data was better than expected and we think that AUD/USD is likely to develop its upside tendency in the nearest future. However, everything depends on the results of the Federal Open Market Committee meeting which takes place today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week and has broken through the trend line according to our expectations. We think that AUD/USD is likely to develop this 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 MA5 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair went in both directions yesterday showing intensions to decline according to our expectations. Market participants are going to pay attention to today’s US CPI data as well as to the Federal Open Market Committee meeting results and announcements.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week. We think that USD/CHF is likely to develop its upside tendency towards the trend line on the weekly chart 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 December 13, 2017

GOLD(XAUUSD)



Gold offered an opportunity to open short positions from the MA55 balance line. You could earn about 900 pips without any difficulties. The price established new weekly lows. Market participants are going to pay particular attention to today’s US Consumer Price Index data, which is able to increase volatility. However, the most important event for today is the Federal Open Market Committee meeting and the Fed members’ decision on Monetary policy.
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 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.

SILVER(XAGUSD)



Silver developed its correction yesterday according to our expectations. WE think that the situation remains unchanged before the announce of the results of the Federal Open Market Committee meeting. It is better to do nothing today.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to decline in the next couple of days.

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

Gold and Silver Technical Outlook December 14, 2017

GOLD(XAUUSD)



Gold went upwards after the US Consumer Price Index data, which was weaker than expected. XAU/USD resumed its upside tendency later after the release of the results of the Federal Open Market Committee meeting, as the Interest Rate was hiked for 25 basis points, but two Federal Open Market Committee member voted against the hike. As for the Fed forecasts, the only positive fact is that the FOMC expects GDP’s growth next year. FOMC member wish to hike rates thrice next year. Market participants expected more aggressive forecasts. XAU/USD went upwards finally.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold develop its downside tendency last week according to our expectations. We think that XAU/USD is likely to decline in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to open long trades from the MA13. Place stop losses below the indicator. Those trades are of high risks.

SILVER(XAGUSD)



Silver reached the upper side of the MA-channel after the end of the Federal Open Market Committee meeting. It is better to do nothing now, as the correction is possible.
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 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.