Adamant Finance - Daily Analysis

Offline
09-14-2016, 06:28 PM,
#46
Technical Outlook September 14, 2016





EURUSD

resim

 

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

resim

 

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

resim

 

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

resim

 

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)

resim



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)

resim



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.
Offline
09-15-2016, 05:44 PM,
#47
Technical Outlook September 15, 2016





EURUSD

resim

 

The currency pair held its positions even after a weak Eurozone manufacturing index. Investors pay attention to the US data. Yesterday’s import and export prices data was disappointing and USD was under the pressure. Today there is a large number of releases and we expect considerable volatility growth during the day. As for the technical analysis, the currency pair has still no trend as the situation is unclear.

The trend is neutral on the Weekly chart as the price is close to the MA55 balance line. There were some attempts to grow towards 1,15000. However, the price stopped at 1,13000 and reversed then. There is a probability of further 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 above the MA55 balance line. It is better to avoid trading today as many important releases expected.

 

GBPUSD

resim

 

The currency pair reached the balance line after US data that was weaker than expected. UK Labor Market statistics was mixed and had almost no influence on GBP. We recommend paying attention to the Bank of England Meetings event which it to take place today. The British central bank is expected to leave the current monetary policy unchanged. However, investors will likely pay attention to the MPC members comments on the future of rates and Bond buying programme. It is also important to wait until the US Retail Sales and Philly Fed Manufacturing index data.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair has almost reached the target at 1,35000 and reversed on the top of the upside tendency. We expect GBP/USD to decline in the next couple of days according to technical analysis.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is above the MA55. You may try short trades from the trendline with stops above this line.



AUDUSD

resim

 

The currency pair is trading within a range and had no sharp bounce off. There is a probability of further decline. Today’s Australian Labor Market data was mixed and had almost no influence on AUD/USD. There are no factors to support the currency pair. However, it is better to wait until the US data is to be released. 

The uptrend is still in progress on the Weekly chart as the price is above the MA55. The currency pair formed a Doji last week. This pattern may be a sign of future reverse in tendency. We advise to seek for short trades triggers this week. As for targets, the currency pair aims 0,71500 level which is still too far from the current one.

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 balance line area.  



USDCHF

resim

 

The situation with the currency pair is still unclear as there is still no trend. Today’s US data may change the situation and make it more clear for traders. However, it is difficult to say something about the future direction of fluctuations as we have no idea how positive or negative today’s data may be. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. WE have seen some decline last week and we expect the currency pair to grow in the nearest future. 

There is also no clear direction on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. It is better to avoid trading at least before results of the US data releases.





Gold/Silver Technical Outlook September 15, 2016




GOLD (XAUUSD)

resim



XAU/USD stopped its downside tendency although we expected it to slow down. However, we gave no trading recommendations yesterday. There is a large number of important US data today and the results may influence further fluctuations. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some moderate growth last week. However, the price was unable to break through the trend line. Those fluctuations resulted in a reverse of tendency. This week we expect the negative dynamics to continue.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today as the trend is still unclear.



SILVER (XAGUSD)

resim



This asset is trading within a triangle and we expect it to break through the pattern during American session. The direction is to be established by the results of the US data.

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

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today as there are no signs of any trend.






 
Offline
09-16-2016, 05:09 PM,
#48
Technical Outlook September 16, 2016





EURUSD

resim

 

The currency pair is trading within a previously established range. Weak US Retail Sales data could provoke some growth. However, stronger than expected US Philly Fed data gave support to USD. Interest rates futures declined as 46% of investors expect interest rates to hike in December against 53% previously. September Interest rates hike odds declined to 12 against 15% previously. The currency pair had an opportunity to strengthen again. However, there was almost no growth. Investors are awaiting US CPI data which is to be released today.

There is no trend on the Weekly chart as the price is close to the MA55. There were some attempts to grow towards 1,15000. However, the price stopped at 1,13000 and reversed downwards. We expect EUR/USD to decline according to the 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 as some important US data is to be released during American session.

 

GBPUSD

resim

 

The currency pair failed to grow towards the MA55 balance line and there was no opportunity to open short trades. However, GBP/USD showed bearish moods before the US Retail Sales data. The currency pair grew after the US statistics which was weaker than expected. We advise to pay attention to today’s US CPI data as it may considerably influence current market situation. 

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD had almost reached 1,35000 level and reversed downwards. We expect the currency pair to continue its decline this 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 and wait for the US data to be released.



AUDUSD

resim

 

The currency pair had some growth right after the weak US Retail Sales data. There was an opportunity to open short trades during European session. However, the downside tendency was too weak to earn something. The price entered profit area and there was an opportunity to take about 200 pips. During American session the currency pair reversed upwards and gained a sharp momentum.

There is the uptrend on the Weekly chart as the price is above the MA55. We can see a Doji on the Weekly chart close to the trendline. It is a positive signal for the short trades and you can search for sells this week with targets 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 avoid trading and wait until some clear signals appear.  



USDCHF

resim

 

The currency pair continues to balance within a range, established this week. There is a high probability of the downtrend to develop. However, USD/CHF is still trading within this range and we can state that the trend is neutral. It is better to avoid trading in this situation and wait for better opportunities.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. We have seen a decline last week. There is a probability of some growth during this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to avoid trading and wait until the situation is clear.





Gold/Silver Technical Outlook September 16, 2016




GOLD (XAUUSD)

resim



XAU/USD declined after some sharp fluctuations. Yesterday’s data should give some support to this asset. However, we have seen no signs of growth. The situation is still unclear and we expect today’s US CPI data to bring some action. This statistics will certainly influence FOMC decision. 

There is the uptrend on the Weekly chart as the price is above the MA55. We have seen some moderate growth last week. However, the trendline held its positions and the price bounced off it 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 below the MA55. It is better to avoid trading today as the situation is far from being clear. 



SILVER (XAGUSD)

resim



Silver price remained within a triangle regardless worse than expected USD Retail Sales data. We expect today’s US CPI data to have more influence on precious metals. Inflation is a key statistics that may finally influence FOMC decisions. However, the situation is still unclear and may remain unchanged for longer period as investors wait for the FOMC Meetings next week. 

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

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today as the situation remains unclear.
Offline
09-19-2016, 05:29 PM,
#49
Technical Outlook September 19, 2016





EURUSD

resim

 

Surprising Friday’s US CPI data had a considerable impact on EUR/USD and pushed it down. CPI growth was not significant as it changed to 0,1% only. However, it was enough to change market’s mood and lead to downside tendency. This data increased interest rates hike odds. It is to notice, that the results of 2 day’s FOMC Meetings are to be announced on Wednesday. The currency pair may be trading within a range before this event. In addition, there is no important data from Eurozone and US within those three days which may influence fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair may continue its decline this week depending on the results of FOMC Meetings. If the Fed decides to hike rates, USD will gain strong momentum. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. The currency pair is still far from the MA55 balance line and we advise to wait until it is back to the curve to open positions.

 

GBPUSD

resim

 

The currency pair was moving down for the whole Friday as the market participants estimate the probability of further UK economics slow down due to the Brexit. Bank of England decided to leave the current monetary policy unchanged. Latest UK data was better than expected. However, fears still rule the market. US stronger than expected CPI m/m data was another reason for GBP/USD to go down. Today we expect some consolidation.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair reached 1,30000 and may continue to decline towards 1,2850 this week. We advise to pay attention to the results of FOMC meetings on Wednesday.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. The currency pair is still far from the MA55 balance line. We advise to wait until it is back to the curve to take any trading decision.



AUDUSD

resim

 

There was a moderate decline of the currency pair on Friday. However, it started to grow today in the morning. AUD/USD tries to reach the last week’s highs. This currency pair may be the only one to continue its dynamics regardless the upcoming FOMC Meetings. It is too late to open long trades as the price is already far from the MA55.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went down last week according to our expectations. However, this downside move was not significant. We still think that AUD/USD targets 0,71500. 

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. It is better to take no decisions at the moment.  



USDCHF

resim

 

Friday’s US CPI m/m data pushed the currency pair upwards after some moderate fluctuations before the release. However, we expect USD/CHF to be trading moderately as the market is waiting for the results of the FOMC Meetings.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There was some growth last week. This upside dynamics may continue 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 avoid trading and wait for better signals to take decisions.





Gold/Silver Technical Outlook September 19, 2016




GOLD (XAUUSD)

resim



XAU/USD declined on Friday after US CPI m/m data as inflation showed stronger growth than expected. However, this growth was not enough to raise interest rates hike odds. It is to say that December FOMC Meetings hike odds grew considerably. Investors and experts wait for the inflation to increase its speed and they suppose the Fed to take decision on tightening the monetary policy. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some decline last week which was clearly seen according to the technical analysis. This week we expect XAU/USD to bounce off the red trendline.

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 balance line. However, your targets should be limited. 



SILVER (XAGUSD)

resim



XAG/USD left the triangle downwards. However, the price went upwards today in the morning. The situation is still unclear as there is no trend on the chart. We advise to avoid trading and wait until there are some clear signals. 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to be trading within last week’s range.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. It is better avoid trading as there is no clear trend.
Offline
09-20-2016, 07:20 PM,
#50
Technical Outlook September 20, 2016





EURUSD

resim

 

The currency pair dynamics was according to our expectations. EUR/USD was trading in a tight range with low volatility waiting for the FOMC to take any decision. We can see the downtrend on the chart. However, the situation is still unclear and the currency pair is unlikely to develop its downside tendency before the FOMC Meetings. This dynamics may continue until Wednesday’s evening. If the currency pair leaves the range, there is a probability of further downside movement.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. It is better to wait until the FOMC members take any decision. If they hike rates during September’s Fed meeting, USD may gain some additional support against other major currencies. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. The currency pair is trading within a range. You may try short trades from the MA55 balance line. However, remember, that the fluctuations are limited and the targets should be close to the current price.

 

GBPUSD

resim

 

The currency pair moved both directions yesterday as we had expected it previously. FOMC Meetings are to take place on Wednesday and investors still have no idea about the probability of interest rates hike. If there is any movement before the event, it may be downside as we have a downwards tendency on the Hourly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair reached 1,30000 as we had previously expected. The next target may be at 1,2850.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. The currency pair is trading within a range and you may try short trades from the MA55 balance line. However, be careful and place your targets close to the current price as the range is rather tight.



AUDUSD

resim

 

The currency pair established a new weekly high yesterday. However, we expect AUD/USD to slow down and there is a probability of range trading. Today’s Reserve Bank of Australia Meeting results showed that the central bank is satisfied with the current situation and has nothing to change. It is better to avoid trading the currency pair at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair declined last week according to our expectations. However, this downside movement was short. We still expect the currency pair to reach 0,71500.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading today as tomorrow the results of the FOMC Meetings will be released.  



USDCHF

resim

 

There was no further growth of USD/CHF yesterday and the currency pair is trading within a range at the moment on the eve of the Fed Meetings event. It is better to avoid trading at the moment as the probability of further growth is still too weak at the moment.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. There was some growth last week. We expect this dynamics to continue this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading on the eve of important events, which are to take place tomorrow.






Gold/Silver Technical Outlook September 20, 2016




GOLD (XAUUSD)

resim



XAU/USD was trading in a tight range on Monday. Short trades were unsuccessful and you could fix them at breakeven level at least. It is better to take no decision at the moment as the market awaits for the results of FOMC meetings which are to be released on Wednesday. Interest rates futures indicates that only 12% of market participants expect the interest rates hike during September Fed Meetings. There is a probability of further XAU/USD growth.

There is the uptrend on the Weekly chart as the price is above the MA55. We have seen a decline according to the technical analysis last week. The asset may bounce off the red trendline this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. It is better to take no decision at the moment.



SILVER (XAGUSD)

resim



Market participants have already played the scenario in which FOMC members decide to do nothing. However, if they hike rates, XAG/USD may have a considerable and sharp decline. It is better to avoid trading as the situation is still unclear.

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to be trading within a range of the last week.

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. It is better to avoid trading and observe fluctuations.
Offline
09-21-2016, 05:30 PM,
#51
Technical Outlook September 21, 2016





EURUSD

resim

 

The currency pair had a sharp upside momentum and wasted a short trades from the MA55 balance line. Yesterday session resulted in an expected decline. However, we had no opportunity to open any position. Today is a “D-day” for the USD as the results of two days’ FED marathon will be released. There are several scenarios but we are going to describe only two of them. FOMC decides to leave the rates unchanged. If this scenario comes true, USD may be under pressure and decline. There is also another possible scenario – FOMC decides to leave rates unchanged but make some signals of readiness to hike rates during December Meetings. In this case USD may gain some support in advance.

There is no trend on the Weekly chart as the price is close to the MA55. There is a probability of further EUR/USD decline this week if FOMC decides to hike rates.

The situation is still neutral on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to open trades right after the release of the FOMC decision. It is better to avoid trading before this event.

 

GBPUSD

resim

 

There was a good opportunity to open short trade. The price declined for more than 1000 pips and you had an opportunity to take some profit. Today investors are going to pay attention to the FOMC Meetings results.

There is the downtrend on the Weekly chart as the price is below the MA55. The price reached 1,30000 and may continue its downside tendency towards 1,2850. 

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 trades after the release of FOMC decision only. It is better to avoid trading before the event.



AUDUSD

resim

 

The currency pair is trading within a range according to our expectations. Today the FOMC decision is to be released. AUD/USD looks upwards and any negative scenario for USD would give additional support for the currency pair. However, at the moment there is no possibility to understand what is to be happening in the evening. 

There is still the uptrend on the Weekly chart as the price is above the MA55. The currency pair declined last week according to our expectations. WE still think that AUD/USD may reach 0,71500.

The uptrend is still 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 before the release of the FOMC Meeting decisions.  



USDCHF

resim

 

The probability of further growth is still too weak. The price have made a short upside movement in the beginning of the European session and then it stood at place for the whole day almost. Today we recommend paying attention to the results of FOMC Meeting. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. We have seen the expected growth last week. This dynamics may continue this week.

The situation is neutral on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. WE advise to wait until the results of FOMC Meetings to take any decision.






Gold/Silver Technical Outlook September 21, 2016




GOLD (XAUUSD)

resim



XAU/USD was trading in a tight range. Wednesday is a very important day for the precious metals as all investors are waiting for the results of FOMC Meeting. There are several scenarios and we are going to describe two of them. First, FOMC leaves the rates unchanged and give no signals about further rates hikes during the current year. In this case Gold and Silver may grow. Second, rates remain unchanged but FOMC gives signals about the probability of rates hike during December’s Meeting. IN this case USD may gain some support in advance. This scenario is negative for Gold and Silver.

There is the uptrend on the Weekly chart as the price is above the MA55. We have seen some decline according to the technical analysis last week. We expect the price to bounce off the red trend line this week.

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 open trades after FOMC Meeting.



SILVER (XAGUSD)

resim



Silver price stopped its growth yesterday and was trading within a range. Today we expect this dynamics to continue as investors wait for the results of FOMC Meeting. 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to be trading within a range.

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 before the results of FOMC Meeting.
Offline
09-22-2016, 06:08 PM,
#52
Technical Outlook September 22, 2016





EURUSD

resim

 

The currency pair was in uptrend after the release of the results of two days’ FOMC Meeting. Interest Rates remained unchanged and Fed has made a signal that rates hike is possible in the next few months. However, market participants decided to sell USD as FOMC members said that the economy growth is still unstable and there may be no rates hike in the nearest future. It is also to mention that there was nothing new in FOMC members speeches. Finally, there was no clear hint on the probability of interest rates hike in December.

There is still no trend on the Weekly chart as the price is close to the MA55 balance line. USD is under pressure at the moment and the probability of further moderate growth of EUR/USD is high. 

There is no clear tendency on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. You may try long trades from the MA55 balance line area with stops below this curve.

 

GBPUSD

resim

 

The currency pair may grow in the nearest future because of the results of FOMC Meeting. Today we recommend paying attention to the UK manufacturing orders data. It is also important to take into consideration MPC members Cunliffe and Carney comments. They may give some support to the currency pair. 

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair failed to reach 1,28500 and we expect GBP/USD to grow.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. You may try long trades from theMA55 balance line area with stops below the curve.



AUDUSD

resim

 

AUD/USD is still looking upwards after FOMC and Bank of Japan decisions. The price is close to a strong resistance level (weekly chart trend line). The chances to break it through are very high as FOMC decision to leave rates unchanged give additional support to the currency pair. We advise to avoid trading, but as soon as AUD/USD breaks this resistance you may try long trades from it. 

There is still the uptrend on the Weekly chart as the price is above the MA55. We expected the currency pair to go towards 0,71500. However, those expectations are lower at the moment and if the price is able to break through the resistance line, the scenario will change completely.

The uptrend is still in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the trendline if the price breaks it through on the Weekly chart. 



USDCHF

resim

 

USD/CHF has made to bursts down after the FOMC and the Bank of Japan decisions. Both regulatory authorities left interest rates unchanged. The currency pair stopped close to the trendline on the Hourly chart and had an opportunity to break it through today. We advise to open short trades if it happens.

There is no trend on the Weekly chart as the price is moving around the MA5 balance line. We expect the currency pair to continue its decline after the release of FOMC decision.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. You may try short trades from the MA55 area with stops above the curve. Another opportunity to sell will be available if the price breaks through the trend line on the Hourly chart.






Gold/Silver Technical Outlook September 22, 2016




GOLD (XAUUSD)

resim



XAU/USD started to grow even before the release of FOMC decision. It is possible, that market participants were inspired by the fact that the Bank of Japan left rates unchanged and has made no crucial decisions. Investors though that FOMC was going to do the same thing and started to buy Gold and Silver. Market participants decided to sell USD as the situation with US growth is still unclear. In addition, there was nothing new or interesting in FOMC members’ speeches. We think that the main reason to sell USD was the fact that there was no clear hint on interest rates hike in December. 

There is the uptrend on the Weekly chart as the price is above the MA55. We have seen some decline according to the technical analysis last week. We expect XAU/USD to bounce off the red trendline this week.

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



SILVER (XAGUSD)

resim



Silver had some growth yesterday and continues to develop the upside tendency. Market participants have doubts about the probability of monetary policy tightening by the Fed this year. US interest rates futures still indicates that the possibility of interest rates hike in December is at 55%.

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to be trading within last week’s range.

The uptrend is in progress on the Weekly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading at the moment as the price is close to the upper side of the MA-channel.
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09-23-2016, 04:46 PM,
#53
Technical Outlook September 23, 2016





EURUSD

resim

 

The currency pair is in the uptrend presently as the price did not decline towards the MA55 balance line. This tendency established after the FOMC Meeting as Fed had decided to leave rates unchanged. Another Interest rates hike is possible in December. The probability of this event is about 50-60%. This fact gives the opportunity for the Bulls to run the market upside. There was some sharp decline during the American session yesterday which is rather strange. If the currency pair crosses 1,12000 level, there is a possibility of further decline and even a change in the current trend. We still expect that the uptrend is to continue. There are no important events today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. FOMC decision exert pressure on USD and there is a probability of further moderate growth of the currency pair.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You may try long trades from the 1,12000 area with stop at 1,11800.

 

GBPUSD

resim

 

The currency pair had an expected growth yesterday. However, there was no opportunity to open a long trade from the MA55 balance line. The price went upside without corrections. In the seconds half of the day there was some serious correction which may target 1,30150.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair failed to reach 1,28500 and may reverse in the upside direction. 

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You may try to open long trades from 1,30150-1,30400.



AUDUSD

resim

 

There was no breakthrough of the trendline on the Weekly chart and the currency pair’s growth slows down. The probability of breakthrough of the trend line today is low as it is Friday. However, it may still happen. We expect the currency pair to do it next week.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair still have the opportunity to go down towards 0,71500. However, if it breaks through the trendline, this scenario is to be canceled. 

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades if the currency pair breaks through the trendline on the Weekly chart.



USDCHF

resim

 

The currency pair has broken through the trendline on the Hourly chart according to our expectations. There was an opportunity to open short trades as we had advised previously. The break through resulted in additional 600 pips. We expect some correction towards the broken through trendline. 

There is no trend on the Weekly chart as the price is balancing around the MA55 balance line. The currency pair may continue its decline after the FOMC decision to leave rates unchanged. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. You may try short trades from the MA55 curve and place stop above this Moving Average.






Gold/Silver Technical Outlook September 23, 2016




GOLD (XAUUSD)

resim



XAU/USD continued to grow close to the upper side of the MA-channel. We gave a recommendation to avoid trading as correction was on the way. Yesterday’s fluctuation resulted in new highs and then the price went down. The correction is in progress at the moment. It may target the MA55 curve.

There is the uptrend on the Weekly chart as the price is above the MA55. There was a decline according to the technical analysis last week. We expect the price to bounce off the red trend line 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 try long trades from the MA55 balance line. Place stop below the curve.



SILVER (XAGUSD)

resim



XAG/USD has done another upside burst and meet a strong resistance at weekly trendline. Market participants tried to break through this line several times but all those attempts failed. XAG/USD could cross the resistance today. However, the dynamics is still weak and we expect new attempts the next week only. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We expect this precious metal to be trading within the last week’s range.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55 balance line with stops below the curve.
Offline
09-26-2016, 05:52 PM,
#54
Technical Outlook September 26, 2016




EURUSD

resim



The currency pair continued its upside tendency according to our expectations. EUR/USD held at the key 1,12000area with a small fake breakout. There was an opportunity to open a long trade and the price was in a profit area for about 400 pips. You had a chance to close you positions with profit. We expect the currency pair to go upwards this week. However, there is a large number of FOMC member’s speeches. Those event may break technical image. A trend line at 1,1250 is important for further grow. If the price breaks it through, the uptrend may continue.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. USD is under some pressure after the FOMC Meeting. We expect the currency pair to grow moderately.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55 balance line placing stops below the curve.



GBPUSD

resim



The currency pair had a considerable decline after the UK Minister’s of Foreign Affairs Boris Johnson comments on the initiation of Brexit in the beginning of 2017. Long trades failed to profit because of the decline as the currency pairs are to sensible to such statements. We expect USD to have significant fluctuations this week as some FOMC members are going to give their comments and probably some of them will be on the possibility interest rates hike in December.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair has an opportunity to grow this week according to technical analysis. However, Johnson’s comments still exert pressure on GBP.

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 GBP/USD at the moment.



AUDUSD

resim



The currency pair retreated from the trendline on the Weekly chart. AS we have previously noticed, Friday is not a good day to make any crucial decision. In additions, the volatility was weak and the price had no opportunity to go above the trendline. The currency pair may break through the trendline this week if there are no further obstacles. We advise to monitor the readiness of AUD/USD to go further upside today.

There is still the uptrend on the Weekly chart as the price is above the MA55. We expected the price to go down to 0,71500. However, this scenario is hard to be realized as the tendency still looks upwards. If the currency pair breaks through 0,76500, the price may go further upside.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. We advise to avoid trading today and wait for clearer signals.



USDCHF

resim



The currency pair made an expected correction towards the broken through trendline. This correction was even deeper than we thought previously. If you had short trades, they should be closed by stop loss. However, we still believe that the downtrend is in progress and recommend opening short trades only.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair may continue its downside tendency after the FOMC Meeting.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. You may try short trades from the MA55 area. Place stops above the curve.






Gold/Silver Technical Outlook September 26, 2016




GOLD (XAUUSD)

resim



XAU/USD continued to form a correction and there is a probability of changing the current tendency. The price is below the MA55 and the MA-channel accelerates its reverse. If we look at Silver, the correction may be rather deep and the tendency may also be changed. XAU/USD is close to the trend line on the Weekly chart. If the price breaks it through, there is a probability of further upside trend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a decline according to the technical analysis last week. We expect the price to bounce off the trendline this week.

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


SILVER (XAGUSD)

resim



XAG/USD failed to break through the trendline on the Weekly chart. There is a probability, that the price is going back towards this line. Long trades from the MA55 balance line gave no profit as there was a change in tendency. We expect the downtrend to continue today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We expect the price to be within a range 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 avoid trading today.
Offline
09-27-2016, 06:21 PM,
#55
Technical Outlook September 27, 2016





EURUSD

resim

 

The currency pair crossed the trendline on the Hourly chart and showed its upside moods in the beginning of the current week. Yesterday’s German Ifo Business Climate data was better than expected as it reached 109,5 points against previous 106,3. This data had an impact on EUR/USD. There was an opportunity to buy from the MA55 balance line. You could take about 500 pips as profit in this case. We expect the currency pair to grow moderately today. However, you have to pay attention to ECB and FOMC members comments as they may change the situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. FOMC Meeting last week resulted in no decision on interest rates hike and we expect the currency pair to grow moderately as USD is under pressure at the moment.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. You can try long trades from the MA55 area or from the broken through trendline. Place stops below the MA55 or trendline.

 

GBPUSD

resim

 

The currency pair is trying to slow down its decline and the pattern that we have seen yesterday, proves this fact. However, it is still too early to buy as the trend is still looking downwards and the situation may change at any moment. Today there is no important data from UK neither from the USA. If the currency pair breaks through 1,29900, the current trend will change. 

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There are some technical aspects that indicate on the probability of GBP/USD growth in the next couple of days.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading and observe fluctuations looking for clearer signals.



AUDUSD

resim

 

The currency pair breaks through the trendline on the Weekly chart and opens a new page in its history. Everything is clear at the moment and this breakthrough looks to be true. You may try to open long trades from 0,76500. However, we are not sure that the trend is already established and this trade will be too risky. 

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The chances to decline towards 0,71500 are already very weak and if we have a true breakthrough of the trendline at 0,76500, the downside scenario will be changed.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. We advise to try long trades. However, you are to remember that long positions are too risky at the moment as there is no clear confirmation of the breakthrough.



USDCHF

resim

 

The currency pair approached the MA55 balance line yesterday in the morning allowing to open short trades. Then USD/CHF moved down for about 400 pips offering an opportunity to take profit. This week seems to be nervous due to the enormous number of FOMC representatives speeches and debates between Clinton and Trump. The currency pair breaks through the trendline on the Hourly chart and we advise to avoid trading at the moment.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. USD/CHF may continue to decline after the FOMC Meetings that took place last week. 

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 observe fluctuations without taking any decision at the moment.






Gold/Silver Technical Outlook September 27, 2016




GOLD (XAUUSD)

resim



XAU/USD did an attempt to reach the trendline on the Weekly chart yesterday. However, there is still no potential for further growth. We expect such a dynamics to continue today. This is the first possible scenario. The second one is the following: XAU/USD becomes weaker and is going to do a deeper correction. Anyway, it is better to observe fluctuations without taking any trading decision as there is no clear trend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. WE have seen some decline according to the technical analysis last week. We expect XAU/USD to bounce off the red trendline.

There is no trend on the Hourly chart a the MA-channel is horizontal and the price is below the MA55. It is better to avoid trading today.



SILVER (XAGUSD)

resim



XAG/USD continues to decline. Silver reacts on all market events presently. There is the downtrend and you may try short trades.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. We expect XAG/USD to be trading within a range in the next couple of days. 

There is a downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. It is recommended to open short trades from the broken through trendline. Place stops above it.
Offline
09-28-2016, 05:26 PM,
#56
Technical Outlook September 28, 2016





EURUSD

resim

 

The currency pair declined yesterday because of the better than expected US data, debates between Clinton and Trump, OPEC meeting and FOMC members’ comments. It is to mention that the main OPEC meeting is to take place today. Long trades failed to bring profit. The trend is going to change as we may see the breakthrough of the upside trendline. We advise to try short trades. Pay special attention to 1,11900-1,11920 area. In addition, there are many events to follow today. US durable Goods Orders, Crude Oil Inventories, Janet Yellen and Mario Draghi speeches and so on. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. FOMC meeting resulted in no decision on interest rates. USD is under pressure at the moment. However, there are some important events this week which may change the situation. 

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. You may try short trades from the MA55 area or from the broken through trendline. Place stops above this line.

 

GBPUSD

resim

 

The currency pair 1,29900. This was the key area to observe as the uptrend starts above it. We expect GBP/USD to go upwards to 1,30600. Here lies the trendline. However, it is too risky to open long trades as technical analysis fails this week. There are some opportunities to buy, but remember to protect your trades. In addition, it is important to pay attention to MPC member’s Shafik comments today. 

The downtrend is in progress on the Weekly chart as the price is below the MA55. The currency pair is able to grow this week according to the technical analysis. 

The uptrend is developing 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. However, you should remember about risks and protect your positions with stops.



AUDUSD

resim

 

Long trades from 0,76500 gave some profit. The currency pair entered a profit area for about 250 pips which is enough to protect the trades by placing stops at breakeven area. You can leave your trades targeting 0,77200-600. 

There is still the uptrend on the Weekly chart as the price is above the MA55. The trendline t 0,76500 was broken through and this fact cancels the scenario for AUD/USD to go down towards 0,71500.

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 hold your long trades and move stops to breakeven if possible.



USDCHF

resim

 

The currency pair tries to go upwards, but there is still no trend as the MA-channel is horizontal. There is a large number of FOMC member’s speeches today and they will influence the market without any doubt. We advise to avoid trading and observe fluctuations as there is still no trend.

There is still no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. We expect the currency pair to go down after the FOMC meetings. However, at the moment it tries to break this scenario.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We advise to take no decision at the moment and observe fluctuations.






Gold/Silver Technical Outlook September 28, 2016




GOLD (XAUUSD)

resim



XAU/USD is trying to go downwards as the correction was deeper than we had expected. The reason for precious metals to decline is the victory of Clinton over Trump in the first tour of debates. We expect the price to go down towards 1318,00 according to the technical analysis. However, it is not clear still and it is better to wait. There is a number of events to follow today. They may influence fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We have seen the asset to decline last week according to the technical analysis. We expect XAU/USD to bounce off the red trendline in the next couple of days.

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 area. Place stops above this curve.



SILVER (XAGUSD)

resim



XAG/USD price reached the broken through trendline and resumed its decline according to our expectations. There was an opportunity to take a profit as the downside tendency was deep. We expect XAG/USD to have a correction today as it was in a downtrend for a couple of days.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We expect XAG/USD to be trading within last week’s range.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. It is better to avoid trading at the moment.
Offline
09-29-2016, 05:08 PM,
#57
Technical Outlook September 29, 2016





EURUSD

resim

 

The currency pair was trading in both directions yesterday and there was an opportunity to open a trade according to our recommendation. The price, the MA55 balance line and the broken trendline met each other and this is rather strong signal to open long trades. The currency pair entered the profit area and could bring you about 400 pips. There is an important US data today which may influence fluctuations. You have to pay attention to the final q/q GDP data. In addition, the currency pair crossed 1,12900 key area yesterday. This may help EUR/USD to move further in the upside direction. It is to say also, that OPEC meeting is Algeria resulted in preliminary agreement on decrease of oil extraction volumes. 

There is still no trend on the Weekly chart as the price is close to the MA55 balance line. FOMC members decided to leave interest rates unchanged. This is why USD is under pressure at the moment. We expect the currency pair to grow moderately.

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 decision today.  

 

GBPUSD

resim

 

The currency pair created conditions to open long trades twice during yesterday. First opportunity could bring you about 450 pips and the second one offered a chance to take about 650 pips of profit. We expect the price to leave the triangle today. However, it is hard to say which direction GBP/USD is going to choose as there are many factors to consider. Anyway, yesterday’s Shafik comments were unable to drop GBP although she was speaking about further easing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair has some opportunities to grow this week according to the technical analysis. 

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 decision today.



AUDUSD

resim

 

The currency pair declined yesterday and the long trade from 0,76500 closed at breakeven level. AUD/USD growth is not as active as we had expected it previously. There is a risk of fake break through on the Weekly chart. We advise to avoid trading today and to observe fluctuations as the price may reverse sharply. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We had previously expected the currency pair to go towards 0,71500. However, if the price breaks through 0,76500, this scenario will be canceled.

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.



USDCHF

resim

 

The currency pair tries to go upwards and the MA-channel is turning upside. However, there is still no clear signal to open any position as flat continues. We advise to avoid trading as there is no clear trend. 

There is no trend on the Weekly chart as the price is balancing around the MA55 balance line. FOMC members decided to leave rates unchanged and USD is under pressure at the moment. The currency pair may continue to decline.

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





Gold/Silver Technical Outlook September 29, 2016




GOLD (XAUUSD)

resim



XAU/USD failed to return to the MA55 area. However, the previously established target at 1318,00 was reached. Gold decline may stop as the market participants wait for US Final GDP q/q data. If this statistics is worse than expected, XAU/USD may gain some lost positions. Experts forecast GDP to grow up to 1,3% against previous 1,1%.

There is the uptrend on the Weekly chart as the price is above the MA55. The price bounced off the red trendline last week and we expect XAU/USD to be trading within a range formed by two trend lines. 

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 decision today as there are no clear signals to trade.



SILVER (XAGUSD)

resim



Silver is going upside according to expectations. Yesterday there was a fake downside move. The upside correction is likely to continue today. However, the MA-channel still looks downwards. We advise to avoid trading long positions as it is too risky at the moment. Important US Final GDP q/q data is to be released today and may influence quotes’ fluctuations. 

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to be trading within a range of the previous week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We advise to take no trading decisions as there are no clear signals. 
Offline
09-30-2016, 06:07 PM,
#58
Technical Outlook September 30, 2016




EURUSD

resim



The currency pair continued to be trading in both directions despite the better than expected US GDP q/q data. After this statistics, market participants expectations on the probability of interest rates hike grew above 60%. However, there was no significant decline of EUR/USD.  Stock market was in a downtrend yesterday and this may be the reason why USD failed to go upwards. There is a large number of Eurozone and US data today. We expect the US data to influence further EUR/USD dynamics.

There is no trend on the Weekly chart as the price is close to the MA55. FOMC members decided to leave interest rates unchanged. We expect the currency pair to grow moderately.

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 trading decisions only after the release of US data today.  



GBPUSD

resim



The currency pair left the triangle downwards. It confirms that GBP is weak at the moment. However, there is a strong support level on the Weekly chart which holds all bearish attacks. We expect the currency pair to test this support several times today especially after UK and US data which is very important.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair has an opportunity to grow this week according to the technical analysis. However, we still see no signs of the uptrend.

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 trading decisions as there are no clear signals to pay attention to. UK and US data today are very important and may influence further fluctuations.



AUDUSD

resim



The currency pair confirmed that the breakthrough of the trendline on the Weekly chart was fake. In addition, we have seen AUD/USD to change its tendency to downside on the Hourly chart. This fact says to us that the upside momentum was too weak for the price to continue hold its positions at the same area. We expect US data to have considerable impact on AUD/USD today.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The scenario for the currency pair to go towards 0,71500 was cancelled as the trendline on the Weekly chart was crossed. However, if this breakthrough was really fake, AUD/USD may reverse towards 0,71500.

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 trendline or the MA55.



USDCHF

resim



The currency pair’s dynamics is rather strange. We advise to avoid trading despite the downtrend that is clearly seen on the chart. This tendency may be short term one. It is better to wait until the release of the US data today as it may have a considerable impact on fluctuations.

There is still no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. We expected the currency pair to continue its downside tendency after FOMC meeting results. However, yesterday US GDP q/q data may change market participants’ moods.

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 take no decisions today as the situation is still unclear.






Gold/Silver Technical Outlook September 30, 2016




GOLD (XAUUSD)

resim



XAU/USD established new weekly lows. However, better than expected US data took the wind out of Bears’ sails. Technical image on the Weekly chart prevent Gold from going further downside. New important events are needed to allow gold to decline significantly. Good US GDP 3rd quarter statistics may offer such an opportunity. However, it is to be released in the end of the year. We expect XAU/USD to establish new lows on today’s US data, although those new lows are supposed to be close to the previous ones.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We expect XAU/USD to trade within two trend lines this week ad there was a bounce of the trendline last week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. There is a probability for the currency pair to be trading in both directions. We advise to take no trading decisions today.



SILVER (XAGUSD)

resim



XAG/USD is trying to reverse upwards after a considerable downtrend. The MA-channel is horizontal and may change the tendency today. US data is very important for further fluctuations forecast.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. We expect XAG/USD to be trading within last week’s range

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 wait for the trend to be changed.
Offline
10-03-2016, 04:59 PM, (This post was last modified: 10-04-2016, 06:18 PM by Adamant Finance.)
#59
Technical Analysis October 3, 2016





EURUSD

resim

 

The currency pair went down during European session after important news on German Deutsche Bank problems. However, it gained back all its lost positions after US Personal Spending data which was worse than expected and declined to 0,0%. Experts expected this data to decline towards 0,2% from 0,4%. We advise to pay attention to Eurozone’s and US Manufacturing PMI’s as those figures may influence fluctuations. 

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair is in a tight range and we expect this dynamics to continue during 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 balance line. It is better to avoid trading and wait for clearer signals at the moment.   

 

GBPUSD

resim

 

The currency pair went in both directions during Friday and had no clear trend. GBP/USD is in the area to stimulate short trades with close targets. There is the downtrend and you may try short trades. We expect the currency pair to go further downwards as the market participants are waiting for Friday’s US non farm payrolls data. It is also important to pay attention to UK PMI data which may have considerable impact on the currency pair this week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in an uptrend in the beginning of the last week. However, it reversed in the end and we expect GBP/USD to continue to slide down during 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. You may try short trades from 1,29400.



AUDUSD

resim

 

The currency pair moved down in the beginning of European session on Friday. However, after US Personal Spending data, AUD/USD went upwards. The trend still looks downwards. There was an opportunity to open short trades according to our recommendations on Friday from the broken through trendline. The price went in a negative area for about 120 pips. Today there is another opportunity to sell with close stops. 

There is still the uptrend on the Weekly chart as the price is above the MA55. A breakthrough of the trendline at 0,76500 was fake. The scenario for the currency pair to go down is still actual.

There is a weak downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We advise to open short trades from the trendline. Place stops above the curve.



USDCHF

resim

 

The currency pair restored its casual dynamics after Thursday’s momentums. USD/CHF has no current trend and is trading in a range. We expect the currency pair to grow a little this week as market participants are waiting for Friday’s US non farm payrolls data. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There is no clear tendency on the chart. We expect USD/CHF to grow this week on the eve of important US Labor Market data on Friday.

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 take no decisions. 






Gold and Silver Technical Outlook October 3, 2016




GOLD (XAUUSD)

resim



XAU/USD established new lows close to the previous ones according to our expectations. US data was mixed. US Personal Spending data was worse than expected and USD is under some pressure at the moment. XAU/USD has an opportunity to gain back some lost positions. However, we expect the pressure on Gold to grow towards the end of the week due to important US Labor Market data. We expect XAU/USD to decline moderately today. However, since tomorrow, the tendency may be changed. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a high probability that XAU/USD break through the red trendline in the next couple of days.

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



SILVER (XAGUSD)

resim



XAG/USD changed its trend on the Hourly chart as we have previously expected. However, when the price reached the upper side of the MA-channel, there was a sharp reverse downwards. We expect the uptrend to restore. However, it is still unclear who will dominate the market – Bulls or Bears. 

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The precious metal was trading within a range of the last week. We expect XAG/USD to decline this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55 balance line. It is better to avoid trading at the moment as the situations is still unclear.
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10-04-2016, 06:09 PM,
#60
Technical Outlook October 4, 2016




EURUSD

resim



The currency pair was in a range during European session. US manufacturing data was better than expected. Actual index is at 51,5 comparing with previous meaning at 49,4. This statistics gave some additional support to USD and the currency pair declined. US data plays crucial role at present. There is no important data from US today and we expect the currency pair to decline moderately after yesterday’s statistics.

There is no trend on the Weekly chart as the price is close to the MA55. The currency pair is trading within a tight range. We expect this dynamics to continue for the whole week.

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



GBPUSD

resim



The currency pair is still under the influence of Brexit talks. UK Prime Minister said that the United Kingdom is going to initiate Brexit procedure before the second quarter of 2017. Those words added some pressure on GBP and allowed GBP/USD Bears to dominate again. Short trades from 1,29400 level according to our recommendations were successful as the currency pair declined for about 1200 points. Yesterday’s UK manufacturing PMI data was better than expected. Today it is important to pay attention to UK Construction PMI. However, this data may have no influence on GBP/USD.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair had some growth in the beginning of the last week. However, GBP/USD decline in the end. We expect the currency pair to decline moderately this week.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading at the moment as there are no clear signals to open positions.



AUDUSD

resim



The currency pair continues to grow moderately despite the fact that other allied assets are in the local downtrend. AUD/USD gets some support from the growth of raw materials market. Short positions failed to bring profit. However, we expect this AUD/USD growth to be limited as it is going to decline at first sign of commodities market weakness. It is the main reason why we advise to avoid trading AUD/USD at the moment.

There is still the uptrend on the Weekly chart as the price is above the MA55 balance line. The breakthrough of the trendline was fake. It is the main reason why we think the downside scenario is still actual.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We advise to open short trades with low volumes from 0,7670. Place stops at 0,7690.



USDCHF

resim



The currency pair show intention to grow and the trend line on the Hourly chart may be broken through. You may try to open long trade from the trendline with close stops (about 100pips). However, it is too risky to enter the market as the trend is still unclear. There is no important data today and the fluctuations may be limited with low volatility.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. The trend is still unclear. We expect the currency pair to have some moderate growth this week.

The trend is still neutral on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to take no decisions at the moment. However, you may try long trades from the broken through trendline.






Gold and Silver Technical Analysis October 4, 2016




GOLD (XAUUSD)

resim



XAU/USD declined according to our expectations and we think that dynamics may change today. Yesterday’s better than expected US Manufacturing PMI data gave some support to USD. There was no opportunity to open short trades according to our recommendations as the price did not go to the key area. However, XAU/USD went downwards as we had predicted

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is a probability that the price is going to break through the red trendline 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 take no decision and watch for the probable upside correction.



SILVER (XAGUSD)

resim



Silver declined again and broke through the trendline on the Hourly chart. The downtrend may speed up. You may try to open short trades from 19,00 area. However, we expect limited fluctuations today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD was trading in a range last week and we expect it to 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 below the MA55 balance line. It is better to avoid trading at the moment as there are no clear signals. We advise to wait until the correction towards 19,00 ends.



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