Thread: Adamant Finance - Daily Analysis

Technical Outlook August 31, 2016




EURUSD





EUR/USD failed to restore to the balance line and continued to decline as the pressure increased. We advise to pay attention to the important US and Eurozone data today as well as to FOMC members speeches that may take place during the day. Eurozone CPI data as well as ADP non-farm may have a significant impact on the quotes. USD is still rallying and its pressure may push the currency pair even further in the downside direction.

There is the uptrend on the Weekly chart as the price is above the MA55. The pattern that we may see on this timeframe indicates on the further decline. The growth towards 1,15000 is still questionable.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We expect the price to go back to the balance line and then you may open short trades from the MA55.



GBPUSD





The currency pair went upwards to the balance line during yesterday’s American session. Here there was an opportunity to open short trades. However, further decline was limited to 400 points. You had an opportunity to protect your trades and place stop loss to the breakeven level. You had also a possibility to partially fix your positions.

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000. However, we still expect this downside movement to happen during 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. We advise to avoid trading today and to observe the price as there is a probability of a correction.



AUDUSD





The currency pair failed to reach the 0,75850/0,76000 area where you could open short trades. There was no opportunity to enter the market. There is a probability of a range trading before the release of the important US data. We advise to avoid trading and observe the currency pair’s fluctuations and the surprises are possible.

There is still the uptrend on the Weekly chart as the price is above the MA55. The currency pair moved down according to our expectations targeting 0,71500. This level is a bit far from current area of fluctuations.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. There is a probability of the upside correction and we advise to avoid trading at the moment.



USDCHF





The uptrend on USD/CHF is still too strong and the currency pair has not a single opportunity to get back to the MA55 balance line. We do not recommend opening any trades as it is too risky. The price is still far from the MA55. USD/CHF had some pressure yesterday after the release of KOF Swiss index data which had a significant decline.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. There is a probability of growth towards 0,99500 during the next couple of days.

The uptrend is in progress on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to avoid trading this currency pair at the moment as the price is still too far from the MA55 balance line.





Gold/Silver Technical Outlook August 31, 2016




GOLD (XAUUSD)





XAU/USD resumed its downside tendency yesterday. XAG/USD is trading in a range meanwhile. We advise to pay attention to the preliminary US Labor Market data and there is a probability of significant market’s reaction. However, we still have a downtrend although the price is close to the latest lows on the Weekly timeframe.

The uptrend is in progress on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed and this event lead to some decline. We expect this dynamics to continue during 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. We recommend opening short positions from 1318,00. Place stops above the balance line.



SILVER (XAGUSD)





XAG/USD is trading within the 18,40-18,90 range and may stay here before Friday regardless the XAU/USD decline. This dynamics may be a result of doubts of market participants. They need more confirmations that the FOMC is ready to raise the interest rates.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD goes back to the red trendline and the price may reach 17,50 in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading and observe the market as the situation is still unclear.

Technical Outlook September 1, 2016




EURUSD





EUR/USD slows is fluctuations on the eve of the Friday’s US Labor Market data release. There is a range at the moment and we expect it to develop until the important publication. Investors open their positions awaiting for the results of the US non-farm employment change. US ADP non-farm data, release yesterday, confirmed forecasts and there was almost no market reaction. Today we recommend paying attention to EU and US PMIs which may have some impact on the currency pair. It is also to mention US Unemployment Claims. This data may be important on the eve of the main US Labor Market statistics, which is to be released tomorrow.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. There is a pattern indicating on the probability of further downside movement. The growth towards 1,15000 is questionable at the moment.

The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. EUR/USD went back to the balance line yesterday and you had an opportunity to open short trades. However, the currency pair is still close to the MA55 balance line and those positions still have no profit. Place stops at 150 pips from the order. It is better to leave those positions for a while.



GBPUSD





GBP/USD is on upside correction at the moment as we have previously expected. There is no sense to open any trades as the movement is too weak. Investors wait for the US Labor Market data and we expect this dynamics to continue for the whole day. We advise to pay attention to today’s UK manufacturing PMI. However, it may have no impact on the eve of more important US Labor Market data, which is to be released on Friday.

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000. However, it is probable that this scenario comes true in the nearest future.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading at the moment and wait until the correction is done.



AUDUSD





AUD/USD stopped its decline and was trading in a tight range during yesterday’s sessions. The currency pair tries to change its direction today. Those changes may result in a correction. We recommend staying of the market today and observe fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair went down according to our expectations targeting 0,7150 which is still too far from the current price.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55. We advise to wait until the end of the correction to take any trading decisions.



USDCHF





The currency pair slows down its growth which is clearly seen at the MA-channel and yesterday’s high which was just a couple of pips higher than the previous one. We expect USD/CHF to trade within a tight range on the eve of the important US Labor Market data, which is to be released on Friday. It is better to avoid trading at the moment.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair has the opportunity to grow higher to 0,99500 in the nearest future.

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55.We advise to wait for the correction in order to take any decisions.





Gold/Silver Technical Outlook September 1, 2016




GOLD (XAUUSD)





XAU/USD break through the weekly support level at 1310,00 and there is the probability of further decline. The main reason for the downtrend to develop is the expectations that FOMC will take the decision to raise interest rates in the nearest future. The probability of interest rates growth in September is about 25%. As for December, this probability is about 55%. The expectations growth and exert pressure on XAU/USD. The price did not reach the balance line, offering no opportunities to open short trades.

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline failed and this fact lead to price decline. We expect this downside dynamics to continue this week.

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



SILVER (XAGUSD)





Silver is trading within a triangle and we expect XAG/USD to break through it today. You may think it is strange to wait for some movement today on the eve of the important US Labor Market data. However, we do not expect Silver to continue fluctuations within this triangle. You may place short order at 18,58. However, this tactics is too risky as stops should be far from the order price in this case.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD goes towards the red trendline and the price may reach 17,50 in the nearest future.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. You may place a short order if you wish.

Technical Outlook September 5, 2016




EURUSD





EUR/USD had some growth after Friday’s US Labor Market data. However, later the price declined on the eve of long holidays. Today is a Labor Day in the USA and the banks are closed there. US Friday statistics was worse than expected as the number of new non-farm payrolls decreased to 151 000 in comparison with the previous 275 000. US unemployment rate increased to 4,9%. As for the Average Hourly Earnings m/m, this data decreased to 0,1%. Those releases decreased the level of expectations of the Interest Rate growth this year. The currency pair may resume its growth after the volume is back.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair’s decline slows down and there is a probability of growth towards 1,15000 in the nearest future.

There is no trend on the Hourly chart s the MA-channel is horizontal and the price is close to the MA55. We expect lower volumes today and the currency pair may be trading within a range.



GBPUSD





The currency pair had some growth after the release of the US Labor Market data on Friday. GBP/USD was trading in a more positive manner than EUR/USD. It is due to the fact that the currency pair gets some additional support from strong UK data. The Brexit Referendum results have almost no impact on the market at the moment. This week there is also UK manufacturing production and Services PMI. Those macroeconomic indicators will show the complete image of the current UK economics state. Today we expect some consolidation and movement towards the balance line.

There is still the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as the UK data was stronger than expected. There is the probability of further growth towards 1,35000.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the balance line. We expect some consolidation today.



AUDUSD





AUD/USD has some difficulties to grow and the decline may happen at any moment. The reverse may be sharp and it is very risky to open long trades at the moment regardless the fact that we still have the uptrend. The only opportunity to buy is possible if the uptrend becomes stronger. However, today US banks are on holiday and there are few chances that something important may happen especially during American session.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair went downwards according to our expectations. However, we may see dome correctional growth at the moment. The target for the downtrend is 0,71500 which is far from the current levels.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. WE advise to avoid trading today as the volumes are low.



USDCHF





USD/CHF ended last week on the same level almost. The US Labor Market data provoked higher volatility on the market. However, there was no clear trend and the currency pair moved both directions. There is a high probability that USD/CHF is ready to decline. Anyway, we advise to avoid trading today as the volumes are too low due to the bank holiday in the USA.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair went upwards towards 0,99000. However, US Labor Market data broke the uptrend. We expect some decline in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We expect consolidation during the day.






Gold/Silver Technical Outlook September 5, 2016




GOLD (XAUUSD)





XAU/USD had a clear uptrend right after the US Labor Market data on Friday. The number of new payrolls did not meet forecasts and the Average Earnings growth slowed down to the minimum percentage. Investors waited for stronger results. The expectations of the Interest Rates growth this year declined and the prices went upwards. We expect XAU/USD to continue its growth in the next couple of days. However, today there is a bank holiday in the USA and the volumes are too low.

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD declined last week and that restored almost all lost positions. We expect some moderate growth this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We expect some consolidation today.



SILVER (XAGUSD)





Silver resumed its growth because of the worse than expected US Labor Market data. The upside dynamics may continue in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth targeting 20,00 level.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. There is no sense to consider long trades at the moment as the price is close to the upper side of the MA-channel

Technical Outlook September 6, 2016




EURUSD





EUR/USD slid down and traded within a tight range today in the evening because of the US bank holiday. There is a probability of the volatility boost today as the volumes may raise. Eurozone statistics was mixed yesterday and gave no additional support to EUR/USD. Services PMI was worse than expected and retail sales rose. Today we advise to pay attention to the EU GDP data. We expect this data to have almost no impact on EUR/USD. However, US statistics may change market situation considerably.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair decline slows down and there is a probability of growth towards 1,15000.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to consider short positions from the MA55 balance line with stops above the MA55.



GBPUSD





The currency pair renewed monthly highs due to the better than expected UK services PMI data. The latest data from the Great Britain shows that the situation in this country is stable regardless the results of the Brexit Referendum. However, yesterday’s volumes were low and there was no support to the rally during American Session. Today we advise to pay attention to the important US data. Specialists expect the US ISM Non-Manufacturing PMI to slide down to 55,4 points. However, if this data is worse than expected, GBP/USD may get additional support in the evening.

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as the latest UK statistics showed strong results. We expect the currency pair to grow towards 1,35000.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55. Yesterday’s trend line was broken through but the indicators still show the uptrend. This may lead to the uptrend to slow down. We advise to open the long trades from the MA55 area, placing stops below this curve.



AUDUSD





The currency pair resumed its growth today in the morning as investors expect the Reserve Bank of Australia to hold the rates at the current level. The uptrend may become stronger in this case. If there is no surprises during the RBA meetings, you may open long trades from the MA55 balance line after the correction.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair was declining for the past three weeks according to our expectations. However, we can see some corrective growth at the moment. Further downtrend in AUD/USD may target 0,71500.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to wait until the currency pair goes back to the MA55 and to open long trades then.



USDCHF





The currency pair was in a tight range during yesterday’s sessions and it is in the neutral position at the moment. Today there is some important data from Swiss: CPI and GDP releases. Bloomberg experts expect the results to be better than current figures. However, we advise to pay more attention to the US data.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair grew towards 0,99000, but the US Labor Market data stopped the rally and reverse USD/CHF downwards. We expect some decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We expect USD/CHF to break through this range in the upwards direction. You may place a long order at 0.98200.





Gold/Silver Technical Outlook September 6, 2016




GOLD (XAUUSD)





XAU/USD was in a tight range yesterday due to the low trading volumes, as there was national holiday in the USA. We expect the volumes to raise today. There is some important US data which may drive precious metals in any directions. The price is close to the trendline on the Hourly chart and may break it through today, offering the opportunity to XAU/USD to continue its rally.

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD declined last week but in the dying minutes of Friday it went back and restored some positions. We expect some moderate growth this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may place a long order from 1329,00 with stops at 1325,00.



SILVER (XAGUSD)





This precious metal is smoothly growing regardless low volumes. There is a high probability of further growth. However, we recommend paying attention to the US data as it may change the situation significantly. The precious metals dynamics depends on the expectations on interest rates growth in the USA.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth and we expect it to continue targeting the trendline close to 20,00.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. There is no sense to open long trades at the moment as the price is close to the upper side of the MA-channel.

Technical Outlook September 7, 2016




EURUSD





Most interesting events happened during American session as we have previously noticed in our last outlook. The US Services PMI declined sharply indicating on slowing down of the growth in this sector. This index along with the other latest US data releases will influence FOMC decision at the next Fed Meetings which are to take place on September 20-21. Fed is likely to hold the Interest Rates at the current level and take some more time to observe the situation. The hopes of those who expected FOMC to change Interest rates are broken.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair slows down its decline. There is a probability to resume growth targeting 1,15000.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading at the moment as the price is close to the upper side of the MA-channel.



GBPUSD





The currency pair continued to renew monthly highs and breaks through the trendline. The US Services PMI was worse than expected. As for the latest British data, it was better than expected establishing new records after a sharp decline in July. It is better to consider long trades in this situation. There is a rather strong trend here and the price is unable to go down to the MA55 balance line even, offering no opportunities to place orders. However, the price was close to the balance line yesterday, allowing to buy.

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as UK data was better than expected. There is a probability of further rally, targeting 1,35000.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55. You may try to open long trades today from the broken through trendline, placing stops below it.



AUDUSD





AUD/USD had a sharp growth on expectations that the Reserve Bank of Australia was not going to change its current monetary policy. In the second half of the day, AUD/USD resumed its growth on the worse than expected US Services PMI. There was no correction to the MA55 balance line and we expect the currency pair to continue its rally today from the broken through trendline.

There is still the uptrend on the Weekly chart as the price is above the MA55. The currency pair was in a downside tendency for the last three weeks. However, we can see a correctional growth at the moment. AUD/USD still targets 0,71500 on the Weekly chart.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to wait until the currency pair goes back to the broken through trendline and then to open long trades from it. Place stops below the trendline.



USDCHF





The currency pair was in a tight range yesterday and declined after the US Services PMI data. There was no USD/CHF growth. We can see the downtrend at the moment. Revised Swiss GDP data was better than expected and gave some additional support to CHF. The currency pair broke through the trendline and you may open short trades from it.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD/CHF grew towards 0,99000, but the US data was worse than expected and exerted some pressure on USD. We expect the currency pair to continue its decline this week.

The downtrend is in progress on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open short trades from the broken through trendline or from the MA55 balance line.






Gold/Silver Technical Outlook September 7, 2016




GOLD (XAUUSD)





XAU/USD was in a rally for the whole day without a single correction. Our recommendation to place order at 1329,00 succeed. You could take some profit. The volumes are back to the market and XAU/USD resumed its growth. US Services PMI was worse than expected indicating on slowing down its growth. Those aspects give additional support to the precious metal asset. Further dynamics will depend on the ability of XAU/USD to break through the trendline on the Weekly chart.

The uptrend is in progress on the Weekly chart as the price is above the MA55. There was some decline last week, but the price went back on Friday. We expect some moderate 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. We advise to avoid trading today.



SILVER (XAGUSD)





XAG/USD’s growth was moderate yesterday. However, later, after the US Services PMI release the asset increased its speed and touched the trendline on the Weekly chart. XAG/USD is trading in the same way as XAU/USD and its further dynamics will depend on the ability to break through the resistance.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth targeting 20,00.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading today.

Technical Outlook September 8, 2016




EURUSD





The currency pair restored partially towards the balance line. Today the main event is the European Central Bank Meeting which is to take place in the second part of the day. Investors expect no changes in the monetary policy. We think that the market’s reaction to the event is to be moderate. After weak US data we expect no changes during FOMC meetings which is to take place on September 20-21 2016. The situation is still unclear as both currencies are in the same situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There is the slowdown in the currency pair’s decline and we expect growth towards 1,15000.

The uptrend is still in progress 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 area, placing stops below.



GBPUSD





The currency pair is in a correction after significant growth. The main reason for the decline is the UK manufacturing data which was worse than expected. However, you had an opportunity to open long trades from the broken through trendline and fix them with about 200 pips profit as the price covered a 200 pips distance within a positive area. You had also an opportunity to move stops to the breakeven area. The currency pair crossed another trendline yesterday indicating the probable end of the uptrend, although the MA-channel is still growing.

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 as UK data was stronger than expected. There is the probability of the upside tendency to continue aiming 1,35000.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55. We advise to avoid trading today as there is the European Central Bank meeting in the second half of the day, which may influence GBP/USD as well.



AUDUSD





The currency pair renewed weekly highs and is trading within a limited range. Yesterday’s Australia GDP data q/q was worse than expected. This statistics had almost no influence on AUD/USD. There was no price correction towards the broken through trendline and there was no opportunity to open long trades. The price is approaching the MA55 balance line allowing to open long trades from it.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair was in a downside tendency for the past three weeks according to our expectations. However, we may see some corrective growth at the moment. The target for the further decline is at 0,71500.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 balance line, placing stops below this curve.



USDCHF





The currency pair was in a tight range yesterday and broke through lows for a couple of pips. We expect some decline of the currency pair today if the situation is favorable. The downtrend is clearly seen on the chart according to the technical analysis.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There was some growth towards 0,99000. However, US data was worse than expected and USD is under pressure at the moment as the interest rates raise expectations level is lower at the moment. We expect some further decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open short trades from the MA55 balance line placing stops above the curve.






Gold/Silver Technical Outlook September 8, 2016




GOLD (XAUUSD)





XAU/USD is in correction and prepares to break through 1350,00/1355,00. The MA-channel indicates on the probability of the upside tendency to continue as the price is still above the balance line. In this situation, the uptrend may resume. You may try long trades today expecting the upside tendency to continue.

There is the uptrend on the Weekly chart as the price is above the MA55. There was some decline the last week, although the price went back upwards in the dying hours of Friday. We expect some moderate 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. We advise to place long orders at the MA55 area with stops below this curve.



SILVER (XAGUSD)





XAG/USD is almost ready to break through the 20,00 area in the nearest future. This weekly trendline is likely to be crossed according to the current situation. The price went down to the MA55 balance line tonight and bounced off it. It is better to open trades closer to the MA55.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth and may reach the trendline at 20,00 area.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 area, placing stops below the curve.

Technical Outlook September 9, 2016




EURUSD





EUR/USD had and upside momentum yesterday and then reversed and had a sharp downside movement. The currency pair succeed to establish new highs as it went above 1,13000. If you placed long orders in the morning, you had an opportunity to take some profit. Today we expect the currency pair to consolidate as it is Friday and there is no important data to follow. European Central Bank decided to leave the current monetary policy unchanged. Now it is Fed’s turn to act (or do nothing, according to the situation).

There is still no trend on the Weekly chart as the price as close to the MA55. We have seen some slowdown in fluctuations last week. There is a probability of growth towards 1,15000. In addition, EUR has got some support yesterday as ECB decided to do nothing with its monetary policy.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to do nothing today.



GBPUSD





The currency pair continued to move downside confirming the end of the uptrend. It is to notice, that opening short trades from the MA55 would be a good idea. However, when the price where close to that area, the MA-channel was still horizontal. It is a big disadvantage of the MA-channel, but it is to say, that there is no ideal trading tools. The downtrend established and you may try short trades with close targets.

There is the downtrend on the Weekly chart as the price is below the MA55. There was no decline below 1,30000 because of the better than expected UK data. There is a probability of further growth towards 1,35000.

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 or from current levels placing stops above the MA55.



AUDUSD





The currency pair moved upwards without approaching the MA55 balance line to allow opening long trades. It reached the MA55 balance line in the evening only, but the speed of the momentum was to high and it did not make sense to open any trade. It was clear, that after a morning upside momentum, there would be no another attempt in the evening. The currency pair changed its tendency and today we expect it to develop correction.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair was in a downside tendency for the past three weeks, but it is in a corrective growth at the moment. The target for further downtrend is at 0,71500.

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



USDCHF





The currency pair established new lows according to our expectations and then it moved upwards sharply. The situations is similar to the AUD/USD’s one. The currency pair did not get the balance line before the downside momentum and offered no opportunity to open short trades. The evening growth was too sharp to sell and the price had reached already the profit area previously. Today we expect USD/CHF to develop its upside correction.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair reached already the 0,99000 area, but the US data was worse than expected and stopped the upside tendency. We expect some decline this week.

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open long trades from the MA55 balance line with stops below the curve.






Gold/Silver Technical Outlook September 9, 2016




GOLD (XAUUSD)





The attempt to get closer to 1350,00 was weak and was unsuccessful. The price declined after this attempt, touched long order and then closed it by stop. The current situation is clear. Investors need important reasons to buy XAU/USD. The uptrend may continue only if further US data disappoints market participants. We advise to wait until the next week and follow the US data carefully.

There is the uptrend on the Weekly chart as the price is above the MA55. Gold price declined last week but regain positions by the end of Friday. We expect some moderate growth this week.

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



SILVER (XAGUSD)





XAG/USD failed to approach 20,00 level and went towards the MA55 balance line yesterday. There was an opportunity to open a long trade, but your positions would be closed by stop as the price was unable to resume the uptrend. There is the downtrend at the moment and it is better to open short trades from the MA55 area. However, we advise to establish small targets as this downside move is a part of a correction.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD resumed its growth targeting 20,00.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from the MA55 area with stops above the curve.

Technical Outlook September 12, 2016




EURUSD





EUR/USD declined ion Friday despite expectations of consolidation. USD growth was provoked by the FOMC members statements. Rates hike odds during September FOMC meetings have grown to 30% from 18% on Thursday. It is to mention that this week there are also some comments from the FOMC members that may influence markets fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Attempts to grow towards 1,15000 failed for the moment as the price stopped at 1,13000. We expect EUR/USD to decline this week as fundamental factors have significant impact on markets presently.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. The risks of further decline are too high at the moment and there is an opportunity to open short trades from the MA55 balance line with stops above this curve. However, it is rather dangerous to sell as there is a high probability of upside correction.



GBPUSD





The currency pair established a downtrend on Friday in the morning and we gave recommendations to open short trades. You had an opportunity to sell in the morning and get some profit. Today we see that the downtrend is in progress. We advise to open short trades from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55. The price is close to the previously expected 1,35000 level and reversed at the moment. We expect the currency pair to go dow towards 1,30000.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. WE advise to open short trades from the MA55 area (or from the trendline). Place stops above the MA55 balance line.



AUDUSD





AUD/USD’s decline had an acceleration on Friday. The currency pair failed to reach the balance line and there was no opportunity to open short trades. However, we can see that our expectations became true. AUD/USD is in a downtrend at the moment. The impact of USD on the currency pair is expected to be higher, than the influence of Australian data. The fact that the FOMC meetings take place the next week makes the currency pair vulnerable to all data and statements concerning USD.

There is still the uptrend on the Weekly chart as the price is above the MA55. There is a Doji pattern close to the trendline. It is a strong signal that the reverse is probable. Furter decline target at 0,71500 is far from the current price

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading today as the price is close to the lower side of the MA-channel. It is better to wait until the market is more stable.



USDCHF





USD/CHF made new weekly lows according to our expectations and then it had a sharp growth. The situation is similar to AUD/USD. The currency pair did not reach the balance line before decline and offered no opportunity to open short trade. The further growth on Friday’s evening was too sharp to sell and the price made a long way before. Today we expect the growth to continue.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There was a decline last week as we expected. There is a probability of some moderate growth in the next five days.

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to open long trades from the MA55 balance line with stops below the curve.





Gold/Silver Technical Outlook September 12, 2016




GOLD (XAUUSD)





XAU/USD resumed its decline on Friday. However, there was no opportunity to open short trade as the price did not approach to the MA55 balance line. The precious metal asset was under pressure on Friday because of the FOMC members statements. Those comments raised rates hike odds. It is to say, that those statements are nothing mare than just words. However, they influence investors and we advise to pay attention to them. There is a probability of further decline in the next five days.

There is the uptrend on the Weekly chart as the price is above the MA55. There was a moderate growth last week, although the trendline was not broken through. The price bounced off the trendline and reversed in the downside direction. We expect the negative dynamics to continue this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. WE advise to wait until the price is back to the MA55 balance line in order to take any trading decision.



SILVER (XAGUSD)





XAG/USD accelerated its decline on Friday and did not approach the MA55 balance line. There was no opportunity to open short trades. We have missed a considerable decline and here lies the negative aspect of this strategy. However, it is too risky to open trades far from the MA55 balance line and we have to wait for other opportunities.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD reached the trendline at 20,00 and then reversed. We expect the asset to decline in the next five days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. WE advise to avoid trading as the price is close to the lower side of the MA-channel.

Technical Outlook September 13, 2016




EURUSD





The currency pair is still influenced by the FOMC members comets on the probability of interest rates raise in US. Lael Brainard made a statement yesterday that there are almost no grounds to raise rates as the situation on the US Labor Market had almost no impact on inflation as previously assumed. It is to say that those words was disappointing for those investors who wanted Brainard to change her mind. FOMC member’s comments declined the interest rates hike odds to 15%. However, you had an opportunity to open short trade yesterday and you could get some 400 pips profit. USD may be under pressure this week.

There is no trend on the Weekly chart as the price is close to the MA55. The attempts to grow stopped at 1,13000 and the currency pair failed to reach 1,15000. We expect EUR/USD to decline in the next couple of days. However, it is better to wait markets reaction on yesterday’s FOMC member comments.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading and observe fluctuations.



GBPUSD





The currency pair failed to grow towards the MA55 balance line and reversed downwards reaching daily low. There was no opportunity to open short trades. However, there was another break of the tendency and the price broke through the trendline on the Hourly chart. Yesterday’s FOMC member comments may exert pressure on USD, allowing GBP/USD to grow further. We advise to pay particular attention to the CPI y/y data which is to be released today.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair almost reached 1,35000 target and reversed downwards. There is a high probability that GBP/USD is going towards 1,30000 at the moment.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 balance line area with stops below this curve.



AUDUSD





The currency pair rose to the balance line and there is an opportunity to open short trades at the moment. However, AUD/USD may continue its upside tendency as the other allied currency do after the FOMC member comments. You may try short trades today. However, the risks are still too high.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a Doji on the Weekly chart close to the trend line. It is a strong signal that the tendency may change. You may try short trades from here targeting 0,71500. However, this aim is still too far from the current price.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from the MA55 balance line area with stops above this curve.



USDCHF





The currency pair offered some good opportunities to open long trades in the beginning of European session. However, there was almost no further growth because of the FOMC member comments. The price entered profit area and you could take about 200 pips or protect your trades. Today we expect the tendency to change and it is better to avoid trading during the day.

There is still no trend on the Weekly chart as the price is fluctuating around the MA55. The price declined last week as we expected. There is a probability of growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to open short trades from the MA55 area with stops below the curve.





Gold/Silver Technical Outlook September 13, 2016




GOLD (XAUUSD)





XAU/USD went back to the MA55 balance line and there is a high probability of the tendency reverse. Those changes were influenced by the FOMC member Brainard comments. She thinks that it is too early to raise rates as the grounds to tighten the monetary policy are too weak. Interest rates futures declined to 15% from 30%. Those comments may exert pressure on USD and there is a probability that XAU/USD will reverse upwards.

There is the uptend on the Weekly chart as the price is above the MA55. We have seen some moderate growth last week. However, the trend line held bulls attacks. Those attempts resulted in reverse and XAU/USD went downwards. The negative dynamics may continue 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. You may try short trades from the MA55. However, the risks are still too high.



SILVER (XAGUSD)





XAG/USD went back to the MA55 balance line and there was a good opportunity to open short trades. The trend looks downwards and you may try to open short trades. However, there are risks that the current tendency may reverse in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD reached the trend line at 20,00 and reversed. We expect the negative dynamics to continue this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. You may try short trades from the MA55 balance line. However, the risks are too high.

Technical Outlook September 14, 2016




EURUSD





The currency pair was in a range with a low volatility yesterday despite the fact that the other assets were trading with higher dynamics. The German ZEW Economic Sentiment report was disappointing as the final result had no changes in comparison with the previous one. However, Bloomberg experts expected it to rise to 2,8 points. It is to mention that British data was also worse than expected allowing USD to gain momentum. If today’s Eurozone data is also disappointing, there is a probability of change in trend.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair tried to grow towards 1,15000 and stopped at 1,13000. There is a probability of decline this week according to technical analysis.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading and observe fluctuations today.



GBPUSD





The currency pair resumed its downside tendency after the weak UK CPI y/y data. Experts expected it to rise to 0,7%. However, final result was 0,6% that is equal to the previous CPI data. However, there was an opportunity to open long trades before the sharp decline as there was some short growth from the MA55 balance line. You had an opportunity to earn a little. Today we advise to pay attention to the UK Labor Market data as it may influence fluctuations considerably.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair almost reached 1,35000 level and then reversed downwards. There is a probability of further decline in the next couple of days according to the technical analysis.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. It is better to avoid trading today as the price is far from the balance line.



AUDUSD





There was an opportunity to open short trades from the MA55 balance line. Eventual profit would be great. The currency pair is in an active stage of the trend at the moment. However, we expect it to end very soon. Then, there is a probability of sharp correction. Today’s Australian data was worse than expected and we expect the currency pair to continue its negative dynamics.

There is the uptrend on the Weekly chart as the price is still above the MA55. The currency pair ended the last week with a Doji close to the trendline. It is a good signal for AUD/USD to change dynamics and you may try to find enter points this week. Further downtrend may target 0,71500 level which is still far from the current price.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. It is better to wait until the price is back to the balance line to open trades.



USDCHF





The currency pair resumed its upside tendency and the long trades from the MA55 balance line were successful. The price entered the profit zone and you could earn about 400 pips. However, the uptrend is still unclear and we gave no recommendations. Today we expect this trend to slow down.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. There was a decline last week that we had expected previously. There is a probability of some growth in during the current week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We advise to avoid trading at the moment.





Gold/Silver Technical Outlook September 14, 2016




GOLD (XAUUSD)





We gave recommendation to open short trades yesterday. And those orders could bring you some profit as the price was in a profit area. Today we expect the decline to slow down as the precious metal asset established a new low. However, this new low is close to the previous one and this may be a clear sign of a trend slow down.

There is the uptrend on the Weekly chart as the price is above the MA55. There was a moderate growth last week but the trend line was not broken through. The price bounced off the line and moved downwards. We expect this asset to continue its negative dynamics in the nearest future.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. It is better to avoid trading today.



SILVER (XAGUSD)





There was an opportunity to sell XAG/USD from the balance line according to our recommendations. The price reached the profit area and you had a chance to earn. However, at the moment we can see some trend slowdown which is clear as there was no new lows established since Monday. We expect a correction to take place.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD reached the trendline at 20,00 and then reversed downwards. There is a probability of further downside dynamics this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. It is better to avoid trading today.