Thread: Adamant Finance - Daily Analysis

Technical Outlook November 11, 2016




EURUSD





The currency pair failed to reach the balance line and we think that fluctuations are going to stabilise next week only. We can still see the consequences of the US Presidential elections on the charts. Those consequences make trading too risky at the moment. However, there is an opportunity to make a short pause in trading. We advise to pay attention to University of Michigan Prelim Consumer Sentiment data which is to be released today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair almost reached its target at 1,11500 last week. EUR/USD was trading according to fundamental factors this week. Those factors still influence fluctuations.

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 for the price to get back towards the balance line before taking any decisions.



GBPUSD





The currency pair had a significant growth yesterday after a period of hesitations. However, it is too risky to open trades at the moment as the price is close to the upper side of the MA-channel. Yesterday’s upside tendency was truly strong. There is no important data from Great Britain today. However, we advise to pay attention to the University of Michigan Prelim Consumer Sentiment data.

There is the downtrend on the Weekly chart as the price is below the Moving Average 55. The currency pair’s growth last week was provoked by news factors. This week everything depends on the results of the US Presidential Campaign and market’s reaction on them.

The uptrend is progressing on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to monitor charts and avoid trading at the moment as the situation is unclear.



AUDUSD





The currency pair jumped to the broken through trend line and continued its decline. If you had a short trades it should be closed automatically as stop losses triggered. We though that the price would not be able to jump as high as it did and we expected the currency pair to reverse from the MA55 balance line. However, we predicted the right direction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The situation is still unclear and we advise to monitor charts. We think that AUD/USD still has a chance to go towards 0,71800.

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



USDCHF





The currency pair continued to grow. However, it failed to reach the broken through trend line offering no opportunities to open long trades. We have predicted the right direction but you had no chance to buy. The currency pair is still far from the Moving Average 55 balance line and we give no recommendations. Today is Friday and it is not the best time to start trading.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair continued to decline last week according to our expectations. It is still hard to predict the direction of further fluctuations this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to take no decisions at the moment as the situation is still unclear.






Gold and Silver Technical Outlook November 11, 2016




GOLD (XAUUSD)





Gold is going downwards establishing a downside tendency despite the fact that Silver is growing. There was a breakthrough of the trendline on the Hourly chart and there is an opportunity to open short trades from this line despite the fact that the price is close to the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The upside correction reached 1306,00 level last week. There was some growth of volatility this week during the US Presidential elections. However, the situation stabilises at the moment.

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 broken through trendline. Place stop losses above this line.



SILVER (XAGUSD)





There was an opportunity to open Long trades. However, Silver growth was limited and if you had a position, you could fix some short losses. There are signs of reverse and we advise to wait until the situation is clear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction last week according to our expectations. It is still hard to say what direction silver is going to choose in the nearest future.

The uptrend is still progressing on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We give no recommendations today.

Technical Outlook November 14, 2016




EURUSD





It was a very hard week for markets and it is finally done. There was some sharp moves but in the end of the week the currency pair took its downside direction. We have seen high volatility one day only. USD accelerated too fast and we expect the currency pair to correct in the nearest future. USD growth is influenced by Trump’s promises to increase spending and cut taxes. Those measures should stimulate economic growth. The currency pair is in unsuitable area to open trades at the moment. Today there is no important data to pay attention to. However, we advise to listen to Mario Draghi speech, which is to take place in the afternoon.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had made its choice and is going to decline in the nearest weeks. We expect EUR/USD to correct upwards this week. Then, we think that the currency pair is going to continue its downside tendency.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We expect the price to get back to the balance line in order to open trades.



GBPUSD





The currency pair continued its growth on Friday and declined towards the balance line today in the morning. This growth of GBP/USD is due to the latest “BREXIT” news. British Parliament is ready to vote for another “BREXIT” referendum. It means that the current results of the previous one may be cancelled. There was no opportunity to open long trades from the MA55 balance line. However, the price has a chance to move closer to the MA55 balance line again. We hope that there will be another opportunity to open long trades today.

The downtrend is still in progress on the Weekly chart as the price is below the MA55 balance line. There was several reasons for the currency pair to grow last week. We expect GBP/USD to continue its growth towards 1,28000 this week. When the price reaches this mark, we expect it to reverse downwards.

The uptrend is 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 balance line area. Place stop losses below the curve.



AUDUSD





The currency pair jumped to the MA55 balance line on Friday. However, it was not close to the curve to open trades. If you had an opportunity to sell the price went to the profit area for 1000 pips. We advise to wait until the price is back towards the balance line in order to take any further decisions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards and we had to adjust the trendline. AUD/USD is likely to reach 0,71800 in the nearest future.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment.



USDCHF





The currency pair returned to the MA55 balance line offering opportunities to open long trades. We gave no recommendations on Friday as risks were too high. USD/CHF shows intentions to grow. We expect the price to return to the MA55 balance line again and there will be an opportunity to buy.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair established a downside direction after US Presidential elections. We expect the currency pair to grow further this week.

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






Gold and Silver Technical Outlook November 14, 2016




GOLD (XAUUSD)





There was an opportunity to open trades from the broken through trendline area on the Hourly chart. You could have 44$ as profit. The price is below the MA-channel at the moment and we give no recommendations in this situation as risks are too high.

There is no trend on the Weekly chart as the price is clos to the MA55 balance line. XAU/USD established downtrend last week. We expect Gold to have a correction towards 1250-1265,00 and then to resume its downside tendency.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment as the situation is still unclear.



SILVER (XAGUSD)





Silver went downwards as we expected. We advise to avoid trading today as the price is outside the MA-channel. The red trendline was broken through and Silver is trading in a downtrend at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The tendency was changed as the red trendline was broken through. We think that XAG/USD is going to correct this week and then it is going to resume its downside tendency.

There is the downtrend on the Hourly chart as the price is below the MA55 balance line. We advise to avoid trading today.

Technical Outlook November 15, 2016




EURUSD





USD continued to grow on Monday. It seems that the currency pair is going to strengthen its positions in the beginning of the week. However, we think that the correction is possible in the second half of this week. Interest Rates Hike odds increases again and reached 86%. The currency pair resides at the unsuitable area to take decisions. We give no recommendations. We think that this week may be corrective. Mario Draghi said nothing that could increase volatility yesterday.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair is going to fluctuate in this direction during the next couple of weeks. We expect EUR/USD to correct upwards and then to resume its decline.

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 wait until the price is back to the MA55 balance line in order to take any decisions.



GBPUSD





The currency pair reached the MA55 balance line again and crossed it. There is a change in tendency. It is better to search for short trades only from now. The price is going to stay close to the trendline for a while today but the tendency has changed already and we think that the trendline is going to be crossed. Today we advise to pay attention to UK CPI data as well as to US Retail Sales statistics.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair growth last week was influenced by several aspects. We expect GBP/USD to grow towards 1,28000 this week and then to reverse and to resume the decline.

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



AUDUSD





The currency pair returned to the MA55 balance line but there are some signs of the upside correction. However, there is still a downside bias and we advise to open short trades only. If the currency pair goes above 0,75800, the upside correction will take place. This is the main reason why we advise to place stop losses above this level.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside bias and we had to adjust the trendline. There is a probability that the currency pair is going to reach 0,71800.

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. We advise to open short trades from the MA55 balance line area. Place stop losses above 0,75850.



USDCHF





The currency pair offered no opportunity to open long trades from the MA55 balance line. We expect a correction to start today and in this case there will be an opportunity to buy the currency pair with low risks. Long trades should be opened from the trendline on the Hourly chart. Targets should be close to 1,0000 level. Stop losses should be about 100 pips.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There is a clear bias on the chart and we expect the currency pair to continue its growth towards 1,00000.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to open long trades from the trendline on the Hourly chart. Place stop losses below this line.






Gold and Silver Technical Outlook November 15, 2016




GOLD (XAUUSD)





XAU/USD failed to resume its downside tendency yesterday. We think that it is time for Gold to correct. This correction may target 1,1250,00. However, there is another way for the upcoming correction to develop. It may return back to the MA55 balance line and finish there. The price established new highs today in the morning and we are going to give no recommendations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. This trend was established last week and we expect it to develop for the next couple of weeks. There is a probability of a correction targeting 1250-60,00. Then, we think that the downtrend is going to continue.

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 at the moment as the situation is still unclear.



SILVER (XAGUSD)





XAG/USD continued to decline after the breakthrough of the red trendline. However, we think that Silver is going to make a pause and start its correction. We advise to avoid trading today as the price is below the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The red trendline was broken through and we may see the tendency to be changed in the nearest future. We expect XAG/USD to correct this week and then to resume its decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions at the moment as the situation is still unclear.

Technical Outlook November 16, 2016




EURUSD





The currency pair returned to the MA55 balance line yesterday and then jumped off this Moving Average. We gave no recommendations as we are waiting for a correction. Yesterdays pattern shows signs of a probable upside correction. The price jumped off the balance line today in the morning. However, we think that this downside move is going to be short. You may place a buy order along the trendline and adjust it according to the situation. In case if the price breaks through the trendline, there is a probability that the tendency will be broken through.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair established a downside tendency and we think EUR/USD is going to develop this trend in the nearest future. We think that the currency pair is going to correct this week after some short decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open long trades if the price breaks through the trendline on the Hourly chart. Place stop loss below the trendline at 150-200 pips from the current price.



GBPUSD





The currency pair moved according to our expectations. The price went upwards to the MA55 balance line at night and there was an opportunity to open short trades according to our expectations. This short position could bring you about 600 pips. The currency pair is at a rather good position for short trades again.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. Several aspects provoked the currency pair growth last week. We expect GBP/USD to continue its growth towards 1,28000. Then there is a probability of a decline.

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



AUDUSD





The currency pair offered an opportunity to open short trades from the MA55 balance line or even higher. The price declined to a profit area for 450 pips along the day. There was an opportunity to protect your positions and to take a part of your profit. The price has no intention to further decline and we think that AUD/USD is going to reverse. The MA-channel has almost changed its direction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside tendency last week and we had to adjust the trendline according the situation. AUD/USD is likely to decline towards 0,71800 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 balance line. We advise to open long trades from the MA55 balance line area or even lower. Place stop losses at 0,75150.



USDCHF





The currency pair moved according to our expectations yesterday and established new highs. There was an opportunity to open long trades from the trendline on the Hourly chart with 100 pips stop loss and take about 400-600 pips as profit. There is a probability of a correction today and we give no recommendations.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair established an upside tendency after the US Presidential elections. We think that USD/CHF is going to grow up to 1,0000.

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 there is a probability of a correction.

Gold and Silver Technical Outlook November 16, 2016




GOLD (XAUUSD)





XAU/USD establishes new highs indicating on an upside correction. There are another signs of this correction such as:

• The MA-channel changes its direction

• The price is above the MA55 balance line

It is better to open long trades in this situation targeting 1250,00. However, this point will not be reached today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD established a new tendency last week. We expect Gold to grow towards 1250-65,00 this week and then the asset is likely to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open long trades from the trendline on the Hourly chart or from the MA55 balance line. Place stop losses below those indicators.



SILVER (XAGUSD)





Silver returned back to the MA-channel and we advise to search for long trades today. There is a reverse and we expect a correction. You may try to earn on it. We expect this correction to develop until 17,90-18,00.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The red trendline was broken through and the tendency may be changed in the nearest future. We expect XAG/USD to be in a correction this week and then to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

Technical Outlook November 17, 2016




EUR/USD





The currency pair continued to decline offering no opportunity to open long trades according to our recommendations. The price failed to reach the trendline on the Hourly chart (we advised to place long trade order along this line). There was no change in tendency and we advise to search for short positions. The situation is unclear and we recommend looking for short trades from the MA55 balance line. However, in this case if the price reaches the MA55, the trend line will be broken through and the trend is going to change. We advise to avoid trading at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair established a tendency and will follow it in the nearest weeks. We expect the currency pair to make a correction this week after some short decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions at the moment as the situation is unclear.



GBP/USD





The currency pair offered an opportunity to open short trades if your stop loss was not close to the price. GBP/USD was in a profit area for 700 pips. The currency pair has a rather high volatility and you have to place stop losses at 250-300 pips from the price. We advise to look for short trades today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair growth last week was influenced by several reasons last week. We expect the currency pair to grow towards 1,28000 this week. Then, there is a probability of a decline.

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



AUD/USD





The currency pair continues its decline punishing all those who have opened short trades yesterday. Stop losses triggered as we have sold AUD/USD before without any tendency on the chart. The currency pair established new weekly lows. The downtrend is progressing. We advise to try short trades from the MA55 balance line.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside tendency last week and we had to adjust the trendline. However, we still believe that AUD/USD is able to reach 0,71800 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 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the curve.



USD/CHF





The currency pair reached new highs yesterday. USD/CHF crossed the trendline on the Hourly chart today in the morning. The uptrend becomes weaker. However, we still have the upside tendency and we advise to open long trades from the MA55 balance line only. If the price crosses the MA55 we will have another sign of a tendency to change. We recommend fixing positions in this case.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. USD/CHF established an upside tendency after the US Presidential elections. We expect the currency pair to grow towards 1,0000.

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







Gold and Silver Technical Outlook November 17, 2016




GOLD (XAU/USD)





Gold continued its correction with no bias. There was an opportunity to open long trades according to our recommendations. However, those long positions were almost unprofitable. You could place stop losses at breakeven area. We advise to avoid trading as the situation is unclear.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD established a tendency last week. We expect Gold to correct towards 1250-60,00 and then to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. We advise to take no decisions at the moment.



SILVER (XAG/USD)





There was an opportunity to enter the market. This trade resulted in a small stop loss. However, we still expect XAG/USD to correct towards 17,90-18,00.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a probability of a change in the current tendency in the nearest future. We expect XAU/USD to make a correction and then to resume its decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA5 5balance line. We advise to avoid trading today as the situations Is still unclear.

Technical Outlook November 18, 2016




EUR/USD





The currency pair continued to decline after some flat fluctuations within a wide range. US Consumer Spending inflation was better than expected as this indicator increased to 0,4% - the highest growth for the past couple of years. Interest Rates hike odds increased up to 91%. USD continued its uptrend during American session. We advise to avoid trading at the moment as the price is close to the lower side of the MA-channel. 3 FOMC members are going to speak today – George, Bullard and Dudley. All those FOMC members are “Hawks” and two of them voted for the interest Rates hike on September and November.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair established a downside tendency last week and we think it I going to follow this tendency in the nearest future. We expect EUR/USD to be in a correction this week and then to resume its decline.

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 at the moment, as the situation is still unclear.



GBP/USD





The currency pair jumped upside. If you had an opportunity to open short trades, your positions were fixed by stop losses. US inflation statistics changed everything and USD gained momentum. The currency pair established a downside tendency which is likely to accelerate today. It is to notice that MPC member Broadbent is going to give his comments today. We advise to look for short trades from the Moving Average with period 13.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. Few factors influenced last week’s GBP/USD growth. We expect the currency pair to grow towards 1,28000 this week and then we think the currency pair is going to decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA13. Place stop losses above the curve.



AUD/USD





The currency pair failed to reach the MA55 balance line and there was no opportunity to open short trades. The downtrend is in progress. However, there is almost no opportunity to open trades as the price is close to the lower side of the MA-channel.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair established a downside tendency and we had to adjust the trendline. The currency pair is likely to decline towards 0,71800 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 balance line. We advise to avoid trading at the moment as the situation is unclear.



USD/CHF





The currency pair offered an opportunity top open long trades from the MA55 balance line and you could earn about 650 pips and about 1000 pips including today’s growth. There is no opportunity to open trades at the moment as the price is far from the MA55.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair established a tendency after the US Presidential elections. We still believe the currency pair is able to break through 1,0000.

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 at the moment as the situation is still unclear.






Gold and Silver Technical Outlook November 18, 2016




GOLD (XAU/USD)





XAU/USD failed to correct to 1250-60,00 and continued to decline. Yesterday’s US inflation data was better than expected and Interest Rates hike odds increased to 91%. Yesterday’s decision to avoid sells was right. The price is close to the lower side of the MA-channel and it is risky to enter the market.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD established a tendency last week. We still expect it to correct towards 1250-60,00 and then to resume its decline.

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.



SILVER (XAG/USD)





Silver failed to correct towards 17,90-18,00 and resumed its downside tendency. There was no opportunity to open long trades. Today it is too risky to trade as the price is close to the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The trendline was broken through and we think XAG/USD is going to change its tendency in the nearest future. We expect Silver to correct upwards and then to resume its decline.

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.

Technical Outlook November 21, 2016




EUR/USD





The currency pair established new weekly lows last week. Interest Rates hike odds offer some room for USD to continue its uptrend. We think that current USD growth was abundant and we expect USD to decline considerably in the nearest future when investors are going to understand that USD is overbought. This week well be divided in to two parts as there is a holiday in US on Thursday. It is to mention that there is not much data to pay attention to and we expect EUR/USD to be trading with low volatility. We expect the currency pair to move back towards the MA55 balance line today.

The downtrend is in progress on the Weekly chart as the price is below the MA55 balance line. The currency pair had a downside tendency according to our expectations last week and may continue to decline in the nearest future.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment



GBP/USD





The currency pair continued its downside tendency. However, GBP/USD reversed from the MA55 balance line and not from the MA13 as we had expected it before. There was an opportunity to open trades from the MA55 but we gave no recommendations. The currency pair has an ability to continue its decline this week and we recommend searching for short trades only. There is no important data today and we think the currency pair is going to correct towards the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was unable to grow towards 1,28000. GBP/USD slides down step-by-step and its decline accelerated by the end of the last week.

The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment.



AUD/USD





The currency pair continues to decline. AUD/USD is unable to reach the MA55 balance line to offer short trades opportunities. We will try to sell from the MA13 if the decline is going to be as sharp as it is at the moment. However, we advise to avoid trading today as there is no important data to pay attention to and there is a probability of a corrective dynamics.

The uptrend is still in progress on the Weekly chart as the price is above the MA55 balance line. The currency pair is trying to reach 0,71800.

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 wait for better opportunities to open trades.



USD/CHF





The currency pair established new highs of the week on Friday. USD/CHF broke through the trendline on the Weekly chart and there is a high probability that the currency pair is going to continue its upside tendency. There is also a probability of a correction to the MA55 balance line area. You may try to buy after this correction is done. Place stop losses at 150 pips below the Friday’s low.

There is no trend on the Weekly chart as the price is below the MA55 balance line. The currency pair established new highs and was trading above 1,0000. There was a weak resistance in that area. The currency pair is able to continue its growth towards 1,02600.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area or from the trendline on the Hourly chart. Place stop losses at 150 pips from Friday’s lows.






Gold and Silver Technical Outlook November 21, 2016




GOLD (XAU/USD)





XAU/USD was trading within a range last week as there are not many reasons for Gold to change the tendency. Last week’s main data was US CPI statistics. This week we advise to pay attention to US FOMC meting minutes. If there is nothing to take from those minutes, current week may be quiet as there is a holiday in the USA on Thursday. The broken through trendline on the Hurly chart says the trend is going to slow down.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction towards 1250-60,00 area. However, the downside tendency was limited. We think that Gold is going to slow down its downside tendency.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line targeting 1210,00. Place stop losses below the curve.



SILVER (XAG/USD)





Silver decreased last week but we see that the trend slows down as the trendline on the Hourly chart was broken through. However, we do not think that the tendency is going to reverse.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. However, the red trend line was broken through. We expect XAG/USD to trade with low volatility this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to take no decisions.

Technical Outlook November 22, 2016




EUR/USD





It seems like USD is going to do an upside correction as the currency pair went upwards yesterday. EUR/USD tries to break through the trendline on the Hourly chart and we expect this to happen in the nearest future. We advise to open long trades from the MA55 balance line area or from the MA13. However, it is better not to take quick decisions as the uptrend is still unstable. It is up to you to decide but the position is suitable for long trades. US Existing Home Sales worth your attention today. However, the most important data will be released tomorrow.

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

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area or from the MA13. Place stop losses below the MA55.



GBP/USD





The currency pair had a considerable growth yesterday. The main reason for this upside tendency are crosses as there are no other factors to impact on GBP/USD. There is a reverse in trend. However, it is impossible to open long trades as the price is close to the upper side of the MA-channel. We advise to wait until the price is back to the MA55 balance line in order to take further trading decisions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth towards 1,28000. The currency pair continued its decline instead and a downside tendency had an acceleration by the end of the last week.

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 take no decisions in this situation and wait for better signals.



AUD/USD





The currency pair gained back all its Friday’s losses and we think that the upside correction is going to take place in the nearest future. You may try long trades today as the trend is going to change and the trend line was broken through on the Hourly chart.

The uptrend is still in progress on the Weekly chart as the price is above the MA55 balance line. The currency pair still trying to reach 0,71800 level.

There is no trend on the Hourly chart as the the MA-channel is horizontal and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area or from the trendline. Place stop losses below the Moving Average 55.



USD/CHF





The currency pair allowed to open long trades according to our recommendation and the price was in a profit area offering about 300 pips. You could take this profit partially or protect your opened trades. The trendline is broken through and there are signs of a future change in tendency. The price is below the MA55 balance line on the Hourly chart. However, the MA-channel goes upwards and we give no recommendations.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair crossed 1,00000 level last week and was trying to grow further. We expect the currency pair to continue its upside tendency towards 1,0260 this week.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading at the moment as the situation is unclear.






Gold and Silver Technical Outlook November 22, 2016




GOLD (XAU/USD)





Gold offered an opportunity top open short trades from the MA55 balance line according to our recommendations. XAU/USD reached 1210,00. We can see a clear reverse of a tendency today even despite the fact that the Interest Rates hike odds increased to 95,4%. We think that this fact was already included into the price and the market is going to follow further monetary policy decisions by the Fed in order to choose any direction. We think that the tendency is going to reverse today and there will be an opportunity to open trades tomorrow.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction towards 1250-60,00. However, the downside tendency was also short. We think that XAU/USD slows down its downside tendency.

The downtrend is in progress 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 still unclear.



SILVER (XAG/USD)





Silver moved above the MA55 balance line and there are signs of a change in its tendency. It is better to avoid trading at the moment as there is no clear signs of a reverse. However, as we may see, this reverse is going to happen.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. WE expect the volatility to decrease 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 take no decisions at the moment as the situation is still unclear.

Technical Outlook November 23, 2016




EUR/USD





There was an opportunity to open long trade from the MA55 balance line according to our recommendations. The currency pair was in a profit area yesterday. You could earn about 450 pips. There was an opportunity also to protect your trades. There is much US data today before the holiday. We advise to pay attention to FOMC meeting minutes, US Unemployment Claims, as well as Core Durable Goods Orders. Those figures may change the situation. However, we give no recommendations today as the price is far from the trendline and the risks are too high despite the fact that we have an upside tendency and the price is close to the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading downwards according to our expectations. We expect EUR/USD to continue its downside tendency this week.

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 we are on the eve of the US holiday and fluctuations may be unstable.



GBP/USD





The currency pair declined yesterday as it lost support from crosses. The fluctuations are unstable today and we advise to avoid taking any decisions today. There is no opportunity to make an upside trendline as there is no pivot point for this. We think that this point could be at 1,23600 and we expect the currency pair to decline towards this level. There is no important data from the UK today expect Autumn Forecast Statement.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no currency pair growth towards 1,28000 and GBP/USD slides down

The uptrend is in progress on the Hourly chart as the Ma-channel looks upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unstable.



AUD/USD





There was an opportunity to open long trades yesterday in the beginning of the European session from 0,73700. You could earn about 400 pips. There was an opportunity also to protect your positions. If you left your trades you may have about 500 pips as profit at the moment. We think that the price targets 0,74500.

The uptrend is in progress on the Weekly chart as the price is above the MA55 balance line. The currency pair is still able to reach 0,71800 in the nearest future.

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 still unclear.



USD/CHF





The currency pair established new highs and the MA-channel goes upwards. Investors still wish to reverse the trend but the situation on the Weekly chart give some support to Bulls. We think this dynamics is going to continue as the Weekly chart has a priority for this currency pair. The price will find support at 1,00700 at least.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The currency pair crossed 1,00000 and is trading higher. There is some resistance in this area. But it was weak and we think that 1,00000 level is not important. The currency pair is able to continue its growth towards 1,02600.

There is the uptrend on the Hourly chart a 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 November 23, 2016




GOLD (XAU/USD)





Gold has made a pattern which is unfavorable for long trades despite the upside correction. The price declined below the MA55 balance line and the trendline is far below this Moving Average. There are risks to take significant losses. We advise to avoid trading and to search for better positions.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction towards 1250-60,00. However, a downside tendency was also short and limited. It seems like the downtrend is slowing down.

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



SILVER (XAG/USD)





Silver changed its tendency yesterday and made a pattern which is similar to a model that we can see on Gold chart. We think that there is an opportunity to open a long trade with low volume targeting future growth. It is better to buy in the first half of the day.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no upside correction in the beginning of the week. We expect that this week is going to be less volatile.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. You may try long trades from 16,55-16,58 area. Place stop losses at 16,48.