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Adamant Finance

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About Adamant Finance

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  • Birthday 06/16/1990

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  1. Technical Outlook April 24, 2017 EURUSD The currency pair offered an opportunity to open short trades according to our recommendations from 1,07300 on Friday. The price was in a profit area for 450pips and you had a chance to earn some money. The currency pair opened new week with a huge upside gap after yesterday’s French Presidential elections. There only two candidates to fight in the second tour of the elections – Marine Le Pen and Emmanuel Macron. There is a minimum gap between them. There is not much important data this week and we think that the currency pair’s dynamics is going to be weak. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week and even increased its speed. We think that EUR/USD is likely to decline moderately after Monday’s considerable gap. There is the uptrend on the Hourly chart as the MA-Channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair was trading in both directions on Friday and there was no clear tendency in its fluctuations. We think that GBP/USD is going to decline moderately in the next five days. There is important data on Friday (Prelim UK GDP q/q and Advance US GDP q/q). We think that market participants are going to pay more attention to USD. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth last week according to our expectations. We think it is going to decline moderately in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear at the moment. AUDUSD The currency pair offered an opportunity to sell from 0,75300-75550 according to our recommendations. The price was in a profit area for 200-250pips and there was an opportunity to protect trades. There was no further decline on Friday as the currency pair was trading in a tight range. We think that AUD/USD is going to be trading in both directions in the next couple of days. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair was trading in both directions last week. We think that AUD/USD is likely to develop a moderate downside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair is still trading in neutral position and it is better to do nothing. USD/CHF started this new week with a gap, but is it already closed and the currency pair is likely to develop its mixed dynamics in the nearest future. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a decline last week according to our expectations. We think USD/CHF is likely to develop is upside correction in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook April 24, 2017 GOLD (XAUUSD) There was an opportunity to sell XAU/USD on Friday according to our recommendations from the MA55 balance line. However, this trade was closed by small stop loss. The price went above the MA55 balance line towards the trend line and bounced off it successfully. Today’s gap is due to the French elections as two candidates Macron and Le Pen are going to continue their fight in the second tour. There is another chance to sell Gold according to technical analysis. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The trend line was an obstacle for the further growth last week. We think that Gold is likely to develop its downside tendency in the next couple of days. However, pay attention to the geopolitical factors. 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 indicator. SILVER (XAGUSD) Silver is still far from the MA55 balance line. We expect XAG/USD to start an upside correction in the nearest future and it is too risky to open trades at the moment. We advise to wait for this correction and then to look for short trades. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price failed to break through resistance level last week. We think that XAG/USD is going to develop its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  2. Technical Outlook April 21, 2017 EURUSD The currency pair failed to bounce off 1,07300 level as we had previously expected. There was no opportunity to open long trades from the MA55 balance line. US Philly Fed Manufacturing Index was worse than expected, but USD started its upside correction. There is a bearish pattern at the moment and the tendency starts to reverse. We think it is time to look for short trades from 1,07300 today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction last week as the US data was mixed. This statistics is able to influence The Federal Open Market Committee next Interest Rates hike decision. The currency pair is likely to develop its moderate growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short trades from 1,07300. Place stop losses above this level. Remember that this short position is risky! GBPUSD The currency pair approached the MA55 balance line in the beginning of the American session allowing opening long trades according to our recommendations. The price went upwards then for more than 500pips that was enough to take profit or to fix positions partially. We can see the tendency reverse today. AS for the statistics, market participants are likely to pay attention to the UK Retail Sales data, which is able to influence volatility today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all its lost positions last week. We think that GBP/USD is likely to develop its moderate growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today, as the situation is unclear. AUDUSD The currency pair approached the MA55 balance line offering some opportunities to open positions according to our recommendations. The price declined for 180pips that was enough to protect trades. Unfortunately, there was no further decline yesterday. We think it is time to look for short trades from 0,75300-75550 levels. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a significant correction last week. We think it is going to develop its moderate growth in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the Ma55 balance line. We advise to open short trades from 0,75300-75550 levels. Place stop losses above those levels. USDCHF The currency pair went back to the MA55 balance line but it happened by the end of the American session and it was too late to do anything. It was not a good idea to execute short trades after a decline during the day. We can see a tendency to change at the moment and it is better to do nothing. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair ended last week with a moderate decline frustrating our expectations. We think that USD/CHF is likely to develop its moderate declined in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today, as the situation is unclear. Gold and silver Technical Outlook April 21, 2017 GOLD (XAUUSD) Gold was trading in a small range offering an opportunity to sell according to our recommendations. Those who have opened trades, had a chance to earn about 6USD. It was also enough to fix profit as we had previously mentioned that targets should be close. You can try to repeat yesterday’s scenario with short trades and close targets. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week, as Gold developed its upside tendency. We think that XAU/USD is likely to develop its upside tendency in the next couple of days. SILVER (XAGUSD) Silver offered opportunities to open trades according to our recommendations from the upper trend line. Those who have sold XAG/USD had a chance to earn about 30pips it was enough to fix positions. It is better to “sit on your hands” today as the price is far from the balance line. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week as XAG/USD resumed its uptrend. We think that Silver is likely to develop its upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today, as the situation is unclear.
  3. Technical Outlook April 20, 2017 EURUSD The currency pair corrected towards the MA55 balance line yesterday after some considerable growth. We think that the correction is likely to develop today. Yesterday’s Eurozone CPI data met expectations and the inflation is still below 2% level although it is close to European Central Bank target. Today market participants are going to pay attention to Philly Fed Manufacturing index, which is expected to decline as compared to its previous meaning. We think that the currency pair is going to bounce off 1,07300 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 started its correction growth because of the mixed US data last week. This fact is able to postpone the next Federal Open Market Committee Interest Rates hike decision. The currency pair is likely to develop its moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. GBPUSD The currency pair had a correction yesterday but it is able to develop its decline towards the MA55 balance line. We think it is time to look for long trades from the MA55 balance line. Market participants are going to pay attention to the US data and the Head of the Bank of England’s speech. The price is likely to bounce off 1,28300 and move 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 gained back all its previously lost positions. We think GBP/USD is likely to develop its moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. AUDUSD The currency pair continued its downside tendency yesterday despite the fact that other currencies were growing against the US dollar. As we had previously mentioned, there was some opportunities to open short trades but risks were high and we gave no recommendations. However, the tendency becomes stronger and it is still time to look for short trades. Remember about risks, that are still too high. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a significant correction last week. We think it is going to develop its moderate growth in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above this indicator. USDCHF The currency pair had a correction towards the Ma55 balance line and it almost reached the indicator yesterday. We think it is time to look for short trades from the balance line, if the price goes back there. It was a good opportunity today during the Asian session. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our expectations. We think that is it going to develop its moderate decline in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the Ma55 balance line. Place stop losses above the indicator. Gold and Silver Technical Outlook April 20, 2017 GOLD (XAUUSD) Gold was trading with some decline yesterday according to our expectations. As we had previously mentioned, XAU/USD has some space for consolidation on the eve of its eventual growth next week. Gold has changed its tendency and it is time to look for short trades with close targets. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no change in tendency last week frustrating our expectations. We think that XAU/USD is likely to develop its growth in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator. SILVER (XAGUSD) Silver failed to reach the MA55 balance line and offered no opportunities to open short trades. W think it is time to look for short trades from the upper trend line as XAG/USD is likely to break through the lower trend line. The precious metals are likely to decline in the nearest future. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no change in tendency last week frustrating our expectations as Silver was developing its moderate growth. We think that XAG/USD is likely to continue its growth 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 MA5 balance line. We advie to open short trades from the upper trend line. Place stop losses above this line.
  4. Technical Outlook April 19, 2017 EURUSD The currency pair had a considerable growth yesterday without a correction towards the Ma55 balance line. There was no opportunity to open long trades according to our recommendations. Yesterday’s US data was mixed and offered no support to USD. Today market participants are going to pay significant attention to Eurozone Final CPI data. The price is close to the upper side of the Ma-channel and we advise to do nothing today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction last week due to the mixed US data which is likely to postpone the next Federal Open Market Committee’s decision to hike Interest Rates. We think that the currency pair is able to develop its moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair moved to the MA55 balance line and to the trend line. There was an opportunity to open long trades according to our recommendations and this position closed by stop loss. The price went upwards then. This sharp growth was provoked by the news that Theresa May is going to conduct parliamentary elections ahead of time. This event is scheduled for June 8th. She aims to gather as more of her Party member as possible. The price is above the upper side of the MA-channel and we advise to avoid doing anything today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all her positions last week. We think that GBP/USD is likely to develop its moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair continued its downside dynamics. There was an opportunity to open long trades but small stop losses triggered. AUD/USD changed its tendency and it is time to look for short trades according to technical analysis. However, it is better to do nothing today as other currencies are growing against USD. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction to its previous decline last week. We think it is going to develop its moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair failed to grow towards the broken through trend line as it had done it previously. However, it was close to the MA55 balance line offering opportunities to open short trades according to our recommendations. The price was in a profit area for 870 pips. The price is far from the MA55 balance line today and we advise to do nothing. There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair had a moderate decline last week frustrating our expectations. We think that USD/CHF is likely to develop its moderate decline in the next couple of days. There is the downtrend on the Hurly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook April 19, 2017 GOLD (XAUUSD) Gold was trading in both directions yesterday and the precious metal “feels good” on current levels. The United States are going to send two more carriers to North Korea next week and Gold has some time to consolidate before its future growth. We think that the volatility is going to grow considerably next week because of the geopolitical situation and French presidential campaign. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week as Gold developed its upside trend. We think that XAU/USD is likely to continue its moderate growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the Ma55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver is declining and we can see a clear downside tendency. We think it is time to look for short trades today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week. We think that XAG/USD is likely to develop its upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.
  5. Technical Outlook April 18, 2017 EURUSD The currency pair had some growth yesterday because of weaker than expected US inflation data, released on Friday. The Interest Rates hike odds decreased to 43% from 56% in June. The market participants are not so sure in hawkish moods within The Federal Open Market Committee. The most important data today is Building Permits. There is no important statistics from Eurozone today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction due to the US CPI and Retail Sales data, which was worse than expected last week. This statistics is able to postpone the next Interest Rates hike by the Fed. We think that the currency pair is likely to develop its moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses below this indicator. GBPUSD The currency pair was trading with some growth yesterday because the Interest Rates hike odds decreased. We think that GBP/USD is likely to develop its growth today and we advise to look for long trades only. There is no important data today except US Building Permits. The forecasts are positive. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all positions, lost last week. We think that GBP/USD is likely to develop its moderate growth. 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 MA55 or below the trend line. AUDUSD The currency pair declined today during the Asian session after the release of the latest Reserve Bank of Australia Meeting Minutes. However, USD is under pressure because of Friday’s weaker than expected inflation data. The price declined to the broken through trendline, offering some good opportunities to buy with close stop loss. There is no tend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had an upside correction last week. We think that AUD/USD is likely to develop its moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the broken through trend line. Place stop losses below the MA55 balance line. USDCHF The currency pair was trading within a tight range with a slight downside bias. The price broke through the trend line and there was even some opportunities to open trades. We advise to wait until the price reaches the trend line and then to sell from this line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the trend line or from the MA55 balance line. Place stop losses below those indicators. Gold and Silver Technical Outlook April 18, 2017 GOLD (XAUUSD) Gold was trading with a downside bias but we think that it is able to establish an upside tendency. There are several reasons for growth as we are on the eve of French presidential campaign. There is another reason for XAU/USD to resume its growth – two more US carriers are on their way towards North Korea. United States officials announced their neutral position, but three carriers close to North Korean shore hint on the probability of a confrontation. This allows Gold to develop its upside tendency. We think that XAU/USD is likely to develop its decline today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week frustrating our expectations. We think that XAU/USD is likely to develop its growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver declines and established new lows already. XAG/USD broke through the MA 55 balance line. Silver is likely to develop its decline in the nearest future. We advise to do nothing as it is better to avoid trading contrary to the current tendency. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week frustrating our expectations. We think XAG/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  6. Technical Outlook April 17, 2017 EURUSD The currency pair was trading in a tight range on Friday on the eve of Easter as the market participants’ activity was low. Today holiday in Europe goes on and the activity may also be low during the European Session. However, American banks are working and there may be volume increase during the American session. There is few important statistics this week and the next five days promise to be quiet. It is better to do nothing today as the volatility is low at the moment. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair started its upside correction because of the US data which is able to postpone the next Interest Rates hike in the United States. The currency pair is likely to continue its moderate growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair was trading in a tight range on Friday on the eve of Easter. Today Europe is on holiday again and we think this weak dynamics is likely to continue. We think that GBP/USD is going to develop its moderate growth during this week. It is better to do nothing today due to weak dynamics. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair gained back all is lost positions last week. We think that GBP/USD is likely to develop its moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair was trading with low volatility on Friday on the eve of Easter. There is another holiday in Australia today and we think that the volatility is going to be low. It is better to do nothing today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a considerable upside correction last week. We think that AUD/USD is likely to develop its moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear and the volatility promises to be low. USDCHF The currency pair moved downwards and Friday during the American session as we had previously expected. This downside momentum had 200pips length and it was the highest move for all day. Market participants are on holiday today and the situation promises to be alike. It is better to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week frustrating our expectations. We think that USD/CHF is likely to develop its moderate downside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook April 17, 2017 GOLD (XAUUSD) Gold is likely to be trading in a tight range due to the Easter holidays in Europe. Precious metals market was closed on Friday on the eve of Christian holiday. We think that the price is going to start its move towards the MA55 balance line. XAU/USD has some potential for further growth as there are news that the United States sent some more carriers closer to North Korea. If those facts will be proved, Gold is likely to develop its growth. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no tendency reverse last week. XAU/USD was developing its growth. We think that XAU/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver is likely to go back towards the MA55 balance line today as the fluctuations promises to be weak due to the Easter holiday in Europe. Traders can try long trades tomorrow if nothing changes. It is better to do nothing today as the situation is unclear. There is no trend on the Weekly chart as the price is close to the Ma55 balance line. There was no tendency reverse last week and XAG/USD developed its growth. We think that Silver is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  7. Technical Outlook April 14, 2017 EURUSD There was fixation of long positions yesterday on the eve of Good Friday. European Banks are on holiday today and the volatility is low. Long trades according to our recommendations failed to bring profit and closed by stop losses. Market participants are likely to pay attention to the US CPI and Retail Sales data. Those statistics are going to meet previous figures according to forecasts. However, it is better to stay on guards and be careful during the American Session. We advise to do nothing today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some moderate decline last week according to our expectations. We think the currency pair is able to develop its moderate decline with some upside corrections in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair reached the MA55 balance line in the end of Thursday and there was no sense to open trades. This correction may lead to a sharp upside burst. However, European Banks are closed today and the volatility is low. We advise to do nothing today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined yesterday frustrating our expectations. We think that GBP/USD is going to develop its moderate decline in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. WE advise to avoid trading today as the situation is unclear. AUDUSD There was no opportunity to open trades according to our recommendations as the price failed to reach the necessary level. There is a holiday in Australia today and we expect AUD/USD to be trading with low dynamics. We advise to do nothing today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price declined considerably last week frustrating our expectations. We think that the currency pair is likely to develop its moderate decline in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear USDCHF The currency pair offered an opportunity to sell from the MA13 and from the broken through trend line. However, those trades were unsuccessful and closed by stop losses. European Banks are closed today due to Good Friday but the volatility may rise during the American Session because of large number of important statistics. However, we advise to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth last week according to our expectations. We think it is going to develop its upside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  8. Technical Outlook April 13, 2017 EURUSD The currency pair was trading in a range yesterday but had a sharp growth during the American session. Donald trump said that USD’s high price does not allow the currency to be competitive. The currency pair’s growth was due to a decline of USD. Currencies skip statistics at the moment and are fluctuating according to news background. There was an opportunity to open trades according to our recommendations and earn about 250 pips. There is the uptrend currency and it is better to look for long trades only. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately last week according to our expectations. WE think that EUR/USD is likely to develop its downside tendency with some upside corrections. 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 this indicator. GBPUSD The price failed to reach the broken through trend line and there was no opportunity to open long trades from there. UK Labor Market data was mixed and had almost no impact on fluctuations. Market participants are going to pay attention to today’s US data. There are two main releases to follow – PPI and UoM Prelim Consumer Sentiment. There is the downtrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was declining last week frustrating our expectations. We think GBP/USD is going to develop its downside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line or from the trend line. Place stop losses below those indicators. AUDUSD The currency pair reversed its tendency upwards according to our expectations and increased its speed after the Australian Labor Market data, which was better than expected. Trend starts to look upwards and we advise to look for long trades. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price declined considerably last week frustrating our expectations. We think that AUD/USD is going to develop its decline in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from 0,7505. Place stop loss at 0,7490. USDCHF The currency pair established a downside tendency and broke through the trend line. There are almost no doubts that a new tendency is strong. We think it is time to look for short trades from the MA13 or from the broken through trend line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some moderate growth last week according to our expectations. We think that USD/CHF is going to develop its moderate upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA13 or from the broken through trend line. Place stop losses above those indicators. Gold and Silver Technical Outlook April 13, 2017 GOLD (XAUUSD) Gold was trading in a tight range yesterday but had a sharp growth During the American session after Donald Trump’s speech. The American president noticed that USD is too strong at the moment and this fact does not allow the US currency to be competitive. Those words gave additional support to XAU/USD. Gold was growing previously on news from North Korea. The price is close to the upper side of the MA-channel. It is better to do nothing today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was moderate growth last week according to our expectations. We think that XAU/USD is going to reverse its tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to do nothing today as the situation is unclear. SILVER (XAGUSD) Silver had a correction yesterday to its previous growth and develop its upside tendency during the American session after the US President Donald Trump’s speech. There is a change in tendency but it is still too early to open trades as the price is close to the upper side of the MA-channel. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think XAG/US is going to reverse its tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  9. Technical Outlook April 12, 2017 EURUSD The currency pair failed to develop its downside tendency frustrating our expectations and went upwards. Then EUR/USD broke through the trend line. Short trades closed by small stop loss. Geopolitical situation press on the American Dollar and has positive impact on other currencies and precious metals. We advise to pay attention to today’s US export and import prices as they may influence fluctuations. We think that the currency pair is going to develop its upside tendency in the nearest future. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. EUR/USD is likely to develop its moderate decline with some upside corrections. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to open long trades from the broken through trend line. Place stop losses below this line. GBPUSD The currency pair had some growth yesterday as USD was under pressure. UK CPI data was also better than forecasted and helped GBP to move higher. The currency pair broke through the trend line during the American session and it is likely to change its direction. However, market participants are going to pay attention to today’s UK Labor Market data. This statistics is likely to influence fluctuations. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some decline last week frustrating our expectations. We think that the currency pair is going to develop its downside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the broken through trend line. Place stop losses below this line. AUDUSD The currency pair offered opportunities to open short trades according to our recommendations and 150pips stop loss held all upside bursts. The price was in the profit area for 300pips and it was enough to fix positions partially or to protect them. Later, the price moved higher and closed all trades at breakeven level. The currency pair is likely to change its direction as the other currencies did already. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined considerably last week and we think it is going to develop its downside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair offered an opportunity to open long trades according to our recommendations, but those positions lead to small losses. There is no trend currently and we think USD/CHF is going to change its direction. It is better to avoid trading today as there is no tendency at the moment. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair ended last week with some moderate growth according to our expectations. We think that USD/CHF is going to develop its moderate growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook April 12, 2017 GOLD (XAUUSD) Gold is growing, as the Geopolitical situation is unstable. The United States are able to start a military campaign against the North Korea and XAU/USD is reacting to this information in its turn. After the assault on Syrian airbase, market participants are afraid of this scenario to take place again. USD is going downwards in its turn and XAU/USD has got some additional momentum. There is the uptrend currently and we advise to look for long trades from the trend line. The price is close to the upper side of the MA-channel currently. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that Gold is able to reverse its tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver had some sharp growth yesterday following Gold. Geopolitical factors are stronger than technical aspects at the moment. There was an opportunity to sell from the balance line, but those trades were closed with small losses. There is no tendency currently and we think Silver is going to reverse its trend. The price is close to the upper side of the MA-channel. There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver had some moderate growth last week according to our expectations. We think it is going to reverse its tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  10. Technical Outlook April 11, 2017 EURUSD The currency pair was trading in a small range on Monday as there was no important data to pay attention to. Janet Yellen the Federal Open Market Committee Fed Head underlined in her speech that the Federal Reserve is going to support the US Labor Market and the inflation at near 2% level. She told also that the US economics is “Healthy” enough. FOMC has already hiked rates in 2017 and some experts think the Fed is going to do it two more times before 2018. As for the Eurozone, German ZEW Economic Sentiment data is worth your attention today along with Industrial production. We think that the currency pair is going to develop its downside tendency today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined moderately according to our expectations last week. We think EUR/USD is going to develop its moderate decline with some corrections in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line area.. Place stop losses above the indicator. GBPUSD The currency pair corrected towards the MA55 balance line on the first day of a new week. There was no important data from the United Kingdom yesterday. Today market players are waiting for the UK CPI y/y data, which is able to have considerable impact on fluctuations if it is significantly better or worse than forecasted. We think that GBP/USD is likely to decline today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week frustrating our expectations. We think that GBP/USD is going to develop its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the Ma55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator. AUDUSD There was a correction on Monday and the currency pair reached the MA55 balance line. Today’s Australian NAB Business Confidence data was worse than the previous one and we think the currency pair is going to decline in the nearest future. Yesterday’s FOMC Fed Head Yellen’s speech gave some additional support to the US dollar. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined considerably last week frustrating our expectations. We think that AUD/USD is going to develop its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator. USDCHF The currency pair had a downside correction on Monday and reached the MA55 balance line finally. This fact allows us to look for long trades as the uptrend is gathering force and there is a probability of further growth. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth in the end of the last week. We think it is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses below this indicator. Gold and Silver Technical Outlook April 11, 2017 GOLD (XAUUSD) Gold was trading in a small range yesterday as there was no events. The situation may change today. XAU/USD is under pressure due to the growing USD and has support from the North Korea situation. The US fleet is going towards the North Korea and there is a high probability of war. We think that Gold is unlikely to decline considerably in the nearest future. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week but it was moderate. We think that XAU/USD is likely to reverse its tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today, as the situation is unclear. SILVER (XAGUSD) Silver established new weekly lows. XAG/USD is influenced by USD growth. There is a clear downside tendency and we think it is time to look for short trades from the MA55 balance line. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think that XAG/USD is going to reverse its tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.
  11. Technical Outlook April 10, 2017 EURUSD The currency pair had a sharp growth after the US Labor market data but then returned to its previous positions and event declined to new lows. Weak US Labor Market data provoked the currency pair’s growth but the market participants thought this data was influenced by bad weather conditions. The main Friday’s data was Average Hourly Earnings, which met the forecasts. We advise to pay attention to the German ZEW Economic Sentiment, which is to be released this week. The price is far from the balance line and we advise to avoid trading today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a moderate decline last week according to our expectations. EUR/USD is likely to develop its downside tendency with some upside corrections in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the Ma55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair was declining on Friday after some upside momentum on the US Labor Market data. This downside tendency started in the second half of the last week and we think it is going to develop in the beginning of new week. There are two main data from the Great Britain this week – UK Labor Market (Claimant Count Change) and UK Average Earnings Index. We expect GBP/USD to increase its volatility on Tuesday and Wednesday during the European Session. The price is far from the Balance line and we advise to “Sit on the Hands” today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was declining last week. We think that GBP/USD is going to develop its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair continued its decline on Friday as the negative news background continues to press on AUD/USD. We think that this negative dynamics is going to develop during the week. There are many important events in the next five days in Australia and the currency pair is able to have high volatility every morning. Home Loans data today disappointed market participants and the currency pair moves downwards. The price is far from the balance line and we advise to avoid trading today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined considerably last week. We think that AUD/USD is going to develop its decline in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair had some considerable growth after some downside momentum right after the release of the US Labor market data. Market participants reacted on the weaker than expected US Non-Farm Employment Change data first but then it reversed and went upwards as other data was against or even better than forecasts. We think the currency pair is going to grow moderately this week. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth in the end of the last week according to our expectations. We think that USD/CHF is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook April 10, 2017 GOLD (XAUUSD) Gold was trading moderately even after the release of the US Labor Market data. However, by the end of Friday, XAU/USD declined sharply. We think that the main reason for such a decline were morning US assault on Syrian airbase. Anyway, Friday’s morning growth and evening decline were unpredictable. WE think that Gold is likely to go downwards in the nearest future. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some moderate growth last week. We think that XAU/USD is likely to change its tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver was more active than Gold but there is still no tendency. We think that XAG/USD is going to establish a downtrend in the nearest future. It is better to do nothing and wait for the situation to become clear. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week according to our expectations. We think Silver is going to reverse it tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  12. Technical Outlook April 7, 2017 EURUSD The currency pair is trading within a tight range on the eve of the US Labor market data, which is to be released today. Average Hourly Earnings is the main data for today. However, we advise to pay attention to other statistics as well as it may have impact on fluctuations in case of strong divergence of results with forecasts. We advise to do nothing before the release of this data and take any actions after the issue of the statistics. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week as we have expected. We think that the currency pair is going to develop its moderate downside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair is close to the trend line but did not any attempt to break it through. Further GBP/USD dynamics depends on today’s US Labor Market and Average Hourly Earnings data. This statistics has significant impact on fluctuations. It is better to do nothing before the release of this statistics and wait for its result. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its tendency last week but it was declining in the first half of the week only. WE think that GBP/USD is going to develop its moderate growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair failed to give 700pips profit for short trades. We think that it is better to fix all positions on the eve of the US Labor Market and Average Hourly Earnings data. It is better to do nothing before this statistics and wait for the results. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline neither growth last week. The currency pair was trading within a tight 1000pips range. We think the currency pair is going to decline in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair was trading according to our expectations within a tight range yesterday. The market participants are waiting for the US Labor Market and Average Hourly Earnings data and it is better to do nothing before today’s release. However, you can try to open positions later, when this data will be released. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair has changed its tendency last week according to our expectations. We think that USD/CHF is going to develop its moderate growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook April 7, 2017 GOLD (XAUUSD) Gold was trading within a tight range yesterday on the eve of the US Labor Market data. Market participants are waiting for the Non-Farm Employment Change and the Average Hourly Earnings today. However, today in the morning XAU/USD had some growth after the news on the US Rocket assault against Syrian airbase. Gold had a 15USd growth. However, we think that market participants are going to pay more attention to the US Labor Market data today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week, but it is still possible. We think that XAU/USD is going to develop its upside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver was trading within a tight range yesterday on the eve of the US Labor Market and Average Hourly Earnings data. The price went upwards today in the morning on the news from Syria. However, we think that this momentum is limited as market participants are waiting for the US Labor Market data today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that XAG/USD is going to develop its upside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  13. Technical Outlook April 6, 2017 EURUSD The currency pair declined yesterday on the eve of the Federal Open Market Committee Meeting Minutes after the better than expected US ADP Non-Farm Employment Change data. However, it gained back its positions after the release of the FOMC Meeting Minutes as market participants have heard nothing new on monetary policy tightening. Investors are looking forward to see Friday’s Us Labor market data and Average Hourly Earnings in particular. The trend line was broken through and the currency pair is trying to establish an upside tendency. There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The price bounced off the trend line last week according to our expectations. We think EUR/USD is going to develop its moderate decline with some upside corrections in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair returned to a neutral position after stronger than expected UK Services PMI data. As we have previously mentioned there was almost no reaction to the data. It is time to monitor the situation and to see whether the price is able to break through the trend line for further upside tendency. We think that this is likely to happen on Friday after the US Labor Market and Average Hourly Earnings data. There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair changed its weekly tendency last week but it was declining in the first half of the week only. We think that GBP/USD is going to develop its moderate growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair offered an opportunity to open short trades from the MA55 balance line according to our recommendations. There was an opportunity to protect trades or fix them partially as the price was in the profit area for 200pips. If you did not move stop loss at breakeven level, those trades are still active and current profit is about 500 pips and it has some space to develop. We advise to fix trades when the profit grows to 700pips. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline neither growth last week. The currency pair was trading within a 1000 pips range. We think that AUD/USD is going to develop its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. USDCHF The currency pair had some growth yesterday on the better than expected US ADP Non-Farm Employment data, but then declined after the Federal Open Market Committee Meeting Minutes release. We advise to pay attention to today’s Swiss CPI data, which is able to have impact on fluctuations. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair changed its tendency last week according to our expectations. We think that it is going to develop its moderate growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and silver Technical Outlook April 6, 2017 GOLD (XAUUSD) Gold offered an opportunity to open short trades but those positions were closed by stop losses. The price went downwards after stronger than expected US ADP Labor Market data. However, the price gained back its positions after the release of the Federal Open Market Committee Meeting Minutes. Market participants have heard nothing on further monetary policy tightening and we think that XAU/USD is going to continue its growth. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week, but it is still probable. We think that Gold is going to grow in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver is in flat after XAG/USD has broken through the trend line. There is no tendency at the moment and the price is in a limited range on the eve of the Friday’s US Labor Market data. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that XAG/USD is going to develop its upside tendency in the next couple of days. There is no trend on the Hourly chart as the Ma-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  14. Technical Outlook April 5, 2017 EURUSD The currency pair was trading in both directions yesterday and established new lows. It is better to do nothing before the release of today’s US data. The main statistics for today is the Federal Open Market Committee Meeting Minutes, which are to be released during the American Session. We advise to pay attention to the US Labor Market ADP data as well as ISM Non-Manufacturing PMI. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week. We think the currency pair is going to develop its moderate decline with upside corrections in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear and there are some important events on the way. GBPUSD The currency pair continued its decline yesterday but failed to move far. Today’s Federal Open Market Committee Meeting Minutes have also significant impact on GBP/USD. We advise to pay attention also to the UK Services PMI, which is to be released during the European Session. However, we think that market participants are going to skip this data and wait for the US statistics, which will be released during the American session. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its tendency last week according to our expectations, but GBP was declining in the first half of the week only. We think that the currency pair is going to grow moderately in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear and market participants are waiting for the US data. AUDUSD There was no opportunity to sell according to our recommendations yesterday. The price failed to reach the necessary area. There is a strong downside tendency and we still advise to look for short trades. It is better to wait until the price reaches the MA55 balance line to open positions from there. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline neither growth last week. The currency pair was trading in a 1000pips range. We think that AUD/USD is going to develop its moderate decline in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above this indicator. USDCHF The currency pair offered an opportunity to open long trades according to our recommendations. There was no significant move and there are two options to choose: you can fix your trades with no profit at the moment or to wait for some small earnings. There is important US data on the way (Federal Open Market Committee Meeting Minutes, ISM Non-Manufacturing PMI) which is able to change the situation. We advise to wait until those releases before taking any further steps. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair changed its tendency by the end of the last week. We think it is going to grow moderately in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and silver Technical Outlook April 5, 2017 GOLD (XAUUSD) Gold established an upside tendency and it is time to look for long trades. However, we advise to take a pause as there is important US data on the way (Federal Open Market Committee Meeting Minutes) which may have considerable impact on fluctuations. If the FOMC member comments are more hawkish, there is a probability of a tendency reverse. However, we think that this situation is extraordinary and we advise to look for long trades with close stop losses. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week but it is still possible. We think that XAU/USD is going to develop its moderate growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the Ma55 balance line. Place stop losses below this indicator. SILVER (XAGUSD) Silver continues its upside dynamics and may accelerate its growth. However, we advise to do nothing today. If you want to trades, you can open long trades from the MA55 balance line. There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver was growing last week. We think it is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear.
  15. Technical Outlook April 4, 2017 EURUSD The currency pair was trading in both directions. It has established new lows. There was an opportunity to execute short trades according to our recommendations during the upside momentum towards the MA55 balance line within the American Session. The price declined for 300pips later allowing to fix profit partially or to protect trades. We advise to pay attention to today’s EU Retail Sales data along with the European Central Bank Head’s speech. The currency pair slows down its decline on the eve of the Federal Open Market Committee Meeting Minutes, which are to be released on Wednesday. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price bounced off the trend line last week according to our expectations. We think that the currency pair is going to continue its moderate decline with some upside corrections in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair declined towards the broken through trend line and the price bounced off it. There was an opportunity to open long trades according to our recommendations but the price was in the profit area for 250pips only. It was enough to protect trades but it is too early to fix the positions and those trades were closed by stop losses with no profit. The currency pair is likely to continue yesterday’s decline. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair changed its weekly tendency but its decline was moderate and ended in the second half of the last week. We think that the currency pair is going to develop its moderate growth in the next couple of days. There is no trend on the Hourly chart as the Ma-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. AUDUSD The currency pair allowed to open short trades from the broken through trend line and the price was in the profit area for 200-300 pips. Market participants are waiting for the Reserve Bank of Australia Meeting results and it is better to fix positions or to protect them by placing stop losses on the breakeven level. The currency pair has the intention to further decline, but the RBA Meeting may have an impact on the situation. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline last week. Last week’s fluctuations range was less than 1000pips. We think that the currency pair is going to decline moderately in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the Ma55 balance line. We advise to hold short trades from the broken through trend line. USDCHF The currency pair failed to get close to the MA55 balance line. However, there was an opportunity to open trades during the American Session. The market players are waiting for upcoming Federal Open Market Committee Meeting Minutes results, which are to be released tomorrow. It is better to “sit on your hands” today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a tendency reverse last week according to our expectations. We think that the currency pair is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook April 4, 2017 GOLD (XAUUSD) Gold offered an opportunity to open short trades from the trend line during the Asian session. It was risky to do it later, but if you opened trading during the Asian session, you had an opportunity to protect positions as the price was already in the profit area. XAU/USD has broken through the trend line and is trying to establish an upside tendency. There is no clear trend and it is better to do nothing today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no growth last week, but there is still a probability of an upside tendency in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver has tested the trend line and moved higher. This means that this trend line is still strong. There is no tendency currently as the trend line is not broken through and it is better to do nothing today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was some growth last week. We think that XAG/USD is going to develop its growth. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear.