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Technical Outlook June 28, 2017

EURUSD

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The currency pair had a sharp growth yesterday after the European Central Bank Headโ€™s comments that were unexpected for the market participants. Mario Draghi said that the ECB is going to cut stimulus step-by-step as the economic situation in the Euro zone becomes better. Market participants expect the European Central Bank to announce future monetary policy tightening in September or October. Those news lead to a considerable EUR/USD growth. As for short trades, they were closed by small stop losses. We have noticed yesterday that it was risky to sell.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair decline last week according to our expectations, but gained back its positions by the end of the last week. We think that EUR/USD is likely 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 avoid trading today as the situation is unclear.

GBPUSD

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The currency pair was influenced by the falling USD after the ECB Headโ€™s comments yesterday. Risky short trades were closed by small stop losses. We think that GBP/USD is likely to develop its growth today as USD continues to decline. The currency pair failed to break through 1,27100 level and the upside tendency resumed.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations, but then went back by the end of Friday. We think GBP/USD is likely 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 the MA55 balance line. Place stop losses below the indicator.

AUDUSD

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The currency pair offered opportunity to open trades from the MA55 balance line by the end of the American Session. We do not recommend trading in those conditions, but if you opened positions, you may fix your profit partially and to place stop losses at breakeven level.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a correction last week frustrating our growth expectations. We think it is going 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 above the MA55 balance line. We advise to hold long trades from the MA55 balance line aiming 0,76200.

USDCHF

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The currency pair declined sharply after the ECB presidentโ€™s comments on the probabilities of future monetary policy tightening. Risky long trades closed by small stop losses. The currency pair is now close to the lower side of the MA-channel and we give no recommendations today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week according to our expectations. We think that USD/CHF is likely to resume 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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook June 28, 2017

GOLD (XAUUSD)

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Gold had some growth on Tuesday because of USDโ€™s decline after Mario Draghi comments on future monetary policy tightening. ECB Head said that his organization is going to cut stimulus while there will be clear signs of economic situation improvement. Market participants expect the ECB to announce next cut step during their September or October meetings. Short trades closed with small stop losses. We think it is time to look for short trades from the trend line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued its downside dynamics last week according to our expectations, but then went upwards by the end of the week. We think Gold is likely to resume its downside dynamics in the next couple of days.

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

SILVER (XAGUSD)

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Silver offered opportunities to sell according to our recommendations, but those trades closed by small stop losses. XAG/USD broke through the trend line on the Hourly chart. Silver is likely to continue its growth but this situation is disputable.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside dynamics last week according to our expectations, but then it reversed by Friday. We think XAG/USD is likely to resume its decline in the next couple of days.

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

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Technical Outlook June 29, 2017

EURUSD

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The currency pair continued its growth yesterday after the Bank of England Headโ€™s comments on the probability of the monetary policy tightening. We would like to remind you that previously the Head of the European Central Bank had also announced the probability of the monetary policy tightening. Market participants increased their activity and we expect for new trends.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations but then it moved upwards by Friday. We think that EUR/USD is likely 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 avoid trading as the price is beyond the boundaries of the MA-channel.

GBPUSD

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The currency pair failed to offer trading opportunities as the price did not approach the MA55 balance line, resuming the sharp growth. The Head of the Bank of England announced yesterday the probability of the monetary policy tightening. It is to mention that previously the BoA head had opposite rhetoric. Market participants enjoyed those news by pushing EUR/USD and GBP/USD higher.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined according to our expectations last week, but then moved upwards by Friday. We think that GBP/USD is likely 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 avoid trading today as the price is beyond the borders of the MA-channel.

AUDUSD

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AUD/USD closed long trades at breakeven level. The currency pair declined towards the MA55 balance line. We gave no recommendations as there was some opened trades already. However, there is still the uptrend and this tendency accelerates. We think it is time to look for long trades again.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a downside correction last week frustrating our growth expectations. We think AUD/USD is likely to resume 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 above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

USDCHF

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The currency pair was trading almost without changes yesterday, but there was some bursts on the Bank of Englandโ€™s Head comments. USD/CHF continued to decline during the Asian session towards the new lows of the week. European currencies are on demand after the central bank announcements.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think USD/CHF 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. Place stop losses above the indicator.


Gold and Silver Technical Outlook June 29, 2017

GOLD (XAUUSD)

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Gold failed to reach the trend line on the Hourly chart offering no trading opportunities. It is to mention, that XAU/USD was close to the trend line. If you had an opportunity to open trades, you could have some small profit.

European central banks still surprising markets as the Head of the Bank of England announced the probability of the monetary policy tightening right after the same announcement from the Head of the ECB. Those comments gave support to precious metals. We still wait for XAU/USD to bounce off the trend line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its downside dynamics last week according to our expectations, but then Gold returned to its previous positions by Friday. We think this precious metal is going to resume its downside dynamics 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 open short trades from the trend line. Place stop losses above this line. The trades are of high risks.

SILVER (XAGUSD)

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Silver is growing as the trend line was crossed. Precious metals are still no so active in their upside tendencies regardless all the events. We think that Silver is likely to decline in the nearest future. The price is likely to grow towards 17,00 today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations but then moved upwards by Friday. We think XAG/USD is likely 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 the MA55 balance line. Place stop losses below this indicator.

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Technical Outlook June 30, 2017

EURUSD

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The currency pair is unfortunately still moving in the same direction not allowing us to open any trades as this tendency is too strong without a single correction. There is important Eurozone inflation data today, which is able to push EUR/USD lower. However, the recent Draghiโ€™s speech provoked a strong upside tendency which is still actual.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations but then it moved higher by Friday. We think EUR/USD is likely to resume 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 avoid trading today as the price is way far from the MA55 balance line.

GBPUSD

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The currency pair is still in a strong upside tendency after the Bank of England Headโ€™s speech. We expected GBP/USD to resume its decline in the beginning of this week but latest central bank headโ€™s comments reversed the price upwards. Those tendencies are too strong and it is impossible to open trades according to our tactics.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations but then moved upwards by Friday. We think GBP/USD is likely 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 avoid trading today as the price is far from the MA55 balance line.

AUDUSD

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The currency pair failed to offer any opportunity to open long trades as the tendency was getting stronger yesterday and the price was far from the MA55 balance line. We thought that AUD/USD was going to have a moderate growth this week. However, after the ECB and the BOA Headโ€™s speeches, the currency pair accelerated its growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had a downside correction last week frustrating our growth expectations. We think that AUD/USD is likely to resume 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair continued its moderate decline after the heads of central banks comments. There was an opportunity to open short trades from the MA55 balance line and you had a chance to take about 300-400 pips. The currency pair is likely to decline today allowing to sell but we would like to tell that there is a probability of a correction by the end of the week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow frustrating our expectations. We think USD/CHF is likely to resume 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. Place stop losses above the indicator.


Gold and Silver Technical Outlook June 30, 2017

GOLD (XAUUSD)

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Gold bounced off the trend line on the Hourly chart allowing us to sell from there. You could have some great profit, if you managed to enter the market. We think that this is not the end yet and this downside tendency is likely to develop. You can hold your short trades and to try finding other from the MA55 balance line. Those new trades would be of high risks as there is no clear tendency yet.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price continued it downside dynamics last week according to our expectations but then moved upwards by Friday. We think that Gold is likely to resume its downside dynamics 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 the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)

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Silver declined yesterday and there was an opportunity to open long trades according to our recommendations. However, later those trades closed by stop losses. The price is trying to reverse, but there is still no tendency. We give no recommendations today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a downside tendency last week according to our expectations, but then the price went upwards by Friday. We think that Silver is likely to resume its downside tendency in the next couple of days.

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

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Technical Outlook July 3, 2017

EURUSD

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The currency pair started its downside correction on Friday and we think it is likely to develop this dynamics in the beginning of this week as there are holidays in the United States tomorrow (The Independence Day). As for Wednesday, there are important US Federal Open Market Committee meeting minutes to be released and the market situation is likely to change. However, the key event of the week is expected on Friday as the US Labor Market data is going to be released this day. The currency pair declined on Friday allowing to open long trades according to the current tendency. We think that EUR/USD is going to decline today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Our downside tendency expectations were frustrated because of the unexpected comments from Mario Draghi. We think that EUR/USD is likely to resume its growth after some correction.

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 at the moment.

GBPUSD

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The currency pair declined towards the MA55 balance line on Friday and bounced off it sharply, moving higher for 700pips. There was an opportunity to open long trades. However, GBP/USD is unable to establish new highs and we think it is going to decline today. The tend still looks upwards and it is better to monitor the situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week because of the Head of BoE comments on the probability of monetary policy tightening in the nearest future. We think that GBP/USD is likely to resume its growth in the next couple of days after a correction.

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.

AUDUSD

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The currency pair approached the MA55 balance line offering opportunities to buy, but the price is trying to establish a correction, which may push AUD/USD even lower. This is the main reason why we advise to avoid trading today. However, the tendency looks upwards and there will be opportunities as far as AUD/USD ends its correction.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week and even moved higher that we thought. We think that AUD/USD is likely to develop its growth in the next couple of days after a correction.

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.

USDCHF

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The currency pair allowed selling but there was no further decline. However, the price was in the profit area and it was enough to protect your trades. There is no tendency currently and we think it is able to reverse upwards in the beginning of the week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to execute an expected growth. We think USD/CHF is going to decline in the next couple of days.

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


Gold and Silver Technical Outlook July 3, 2017

GOLD (XAUUSD)

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Gold continued to decline and if you had short trades, you could reach some new profit highs. Precious metals decline is able to continue and we think you can hold your short trades or to look for new ones from the MA55 balance line. There is the downtrend currently and we think it is time to look for short trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its downside dynamics 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.

SILVER (XAGUSD)

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Silver approached the broken through trend line on Friday on the Hourly chart and bounced off it. There is the downtrend currently and we think that the price is likely to cross the trend line on the Weekly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading according to our expectations last week. We think XAG/USD is likely to develop its moderate downside dynamics 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.

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Technical Outlook July 4, 2017

EURUSD

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The currency pair declined yesterday according to our expectations and changed its tendency. We think that EUR/USD is going to develop its downside trend today and it is good time to look for short trades. Yesterdayโ€™s Eurozone data was mixed and gave no support to the currency pair. There is a holiday in the United States today and trading volumes are expected to be low.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. European Central Bank Headโ€™s comments last week supported the currency pair and EUR/USD had some aggressive growth frustrating our decline expectations. We think that EUR/USD is likely to develop its growth after some correction 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.

GBPUSD

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The currency pair changed its tendency according to our expectations. We think it is good time to look for short trades. Yesterdayโ€™s UK data was weaker than expected and this data pushes the currency pair downwards. There is much space for the currency pair to decline and we think there are opportunities today to open trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week because of the Bank of England Headโ€™s comments on the probabilities of monetary policy tightening. We think that GBP/USD is likely to resume its growth after a correction 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.

AUDUSD

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The currency pair continued to create its correction pattern and reversed the tendency downwards. You can try opening short trades but there I one issue to pay attention to. There is important Reserve Bank of Australia meeting today which may offer some surprises such as the unexpected Interest Rates hike or comments on the probability of the Interest Rates hike in the nearest future. If this happens, there will be no reason for selling AUD/USD.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some growth last week and even overcame all our expectations. We think that AUD/USD is likely to develop its growth after a correction 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, but after the release of the results of the Reserve Bank of Australia Meeting.

USDCHF

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The currency pair did an expected growth and reversed its tendency yesterday. It is time to look for long trades. The price is currently far from the MA55 balance line but we think the price is going to reach this indicator today. Nothing can interfere this scenario according to our opinion.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow frustrating our expectations last week. WE think USD/CHF is likely to develop its decline in the next couple of days after some correction.

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 the indicator.


Gold and Silver Technical Outlook July 4, 2017

GOLD (XAUUSD)

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Gold reached its lowest lows for this week and if you have short trades, we advise to close them. There was no opportunity to open new short trades as the price failed to approach to the MA55 balance line. There is a holiday in the United States and the trading volumes are lower than usually.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The priceโ€™s dynamics was according to our expectations. We think that Gold is likely to develop its moderate dynamics 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 price is close to the MA-channel border.

SILVER (XAGUSD)

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Silver crossed the trend line on the Weekly chart. We have a pattern that proves that this breakout is not fake. There was no opportunity to sell yesterday, as the price did not reach the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Siler was trading according to our expectations last week. We think that Silver is likely to develop its downside dynamics last 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 as the price is close to the lower side of the MA-channel.

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Technical Outlook July 5, 2017

EURUSD

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The currency pair failed to reach the MA55 balance line offering no opportunities to sell. However, EUR/USD is fluctuating towards the MA55 balance line today. There is the downtrend currently and we advise to look for short trades. There is important Eurozone data today (Services PMI and retail Sales). However, those releases are unlikely to change the situation. We advise to pay attention to todayโ€™s Federal Open Market Committee meeting minutes, which is to be released during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline frustrating our expectations after the European Central Bank headโ€™s comments. We think that EUR/USD is likely to grow in the next couple of days after a correction.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is cloe to the MA55 balance line. We advise to open short trades from the Ma55 balance line area. Place stop losses above the indicator.

GBPUSD

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The currency pair continued to decline yesterday but the price is close to the MA55 balance line. There is important UK Service PMI data today and market participants are expecting this statistics to be worse than previous meaning. There is still some potential for the currency pair to decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week after the Head of Bank of England comments on future monetary policy tightening. We think that GBP/USD is likely to develop its growth after a correction.

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. Place stop losses above the indicator.

AUDUSD

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The currency pair declined sharply after yesterdayโ€™s Reserve Bank of Australia meeting results as this governmental body has neutral position frustrating market expectations. There was no opportunity to open short trades as the price offered no chance to do it. If you opened any position, you could have some profit. The currency pair is moving towards the MA55 balance line and we think there will be opportunities to trade.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week. We think that AUD/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 close to the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above theย 
indicator.

USDCHF

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The currency pair offered no opportunities to open long trades according to our recommendations yesterday. The price declined towards the MA55 balance line today. We advise to open long trades from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week. We think USD/CHF is going to develop its decline in the next couple of days after a correction.

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. Place stop losses below the indicator.


Gold and Silver Technical Outlook July 5, 2017

GOLD (XAUUSD)

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Gold was in correction yesterday as there was low volumes because of the US holidays. The upside correction accelerated during the Asian session today and the price approaches the Ma55 balance line allowing to open short trades. We advise to pay attention to the US Federal Open Market Committee meeting minutes release today. Market participants are expecting FOMC members to make hints on the probability of further monetary policy tightening.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was trading according to our expectations last week. WE think that XAU/USD is likely 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.

SILVER (XAGUSD)

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Silver moves towards the MA55 balance line. We think that XAG/USD is going to reach this line today and there will be opportunities to trade. We expect the breakout of the trend line on the Weekly chart to be true.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading according to our expectations last week. We think that XAG/USD is likely to develop its downside dynamics 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.

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Technical Outlook July 6, 2017

EURUSD

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The currency pair almost reached the MA55 balance line allowing to open short trades according to our recommendations. The price was in the profit area for 500 pips and it was enough to fix trades and protect earnings. The Federal Open Market Committee meeting minutes showed the intention of the Fed to continue its monetary policy tightening and to do another Interest Rates hike this year. Today there is a large volume of the US important data and the European Central Bankโ€™s meeting minutes. We think that the currency pair has reached its lows and here the decline is likely to stop. This is the reason why we recommend avoiding to trade today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week frustrating our expectations after the unexpected ECB Headโ€™s comments. EUR/USD is likely to grow in the next couple of days after a correction.

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

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The currency pair approached the MA55 balance line and offered opportunities to open short trades before the European session today. The price declined for 400 pips allowing you to take profit and to protect the remaining trades. The UK Services PMI data met the market participants expectations but the reaction on this statistics was calm. We think that the currency pair is likely to start to reverse its tendency and we advise to do nothing.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline last week frustrating our expectations as the Head of the Bank of England announced the probability of the Interest Rates hike in the nearest future. We think that the currency pair is likely to grow in the next couple of days after a correction.

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.

AUDUSD

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The currency pair failed to reach the MA55 balance line but it was close to it during the Asian session allowing to open short trades. If you had opened you positions there, your profit could reach about 600 pips for the moment. It is enough to fix your trades. We think that AUD/USD is likely to pause its decline today and we think that sitting on hands is the best tactics for today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week. We think it is going to develop its upside tendency in the next couple of days after a correction.

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

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The currency pair offered opportunities to sell yesterday according to our recommendations in the beginning of the European session. The price was in the profit area for 500 pips and it was enough to fix positions. The currency pair shows some signs of the probability of a reverse and we think it is a good idea to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think it is likely to decline in the next couple of days after a correction.

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 July 6, 2017

GOLD (XAUUSD)

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Gold Stopped to decline as the tensions between the North Korea and the United States rise again. In case of further escalation, Gold price is likely to grow. There was no opportunity to open short trades yesterday as the price was far from the MA55 balance line. We think that it is better to do nothing today as Gold is likely to change its tendency.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was trading according to our expectations last week. We think XAU/USD is likely 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver failed to reach the MA55 balance line and reversed aiming new lows. XAG/USD is close to the MA55 balance line now offering opportunities to sell. You can try to open short trades closer to the balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading according to our expectations last week. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

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Technical Outlook July 7, 2017

EURUSD

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The currency pair reversed yesterday according to our expectations and we gave no recommendations for trading. EUR/USD has changed its tendency again and it is able to resume its last weekโ€™s growth especially if todayโ€™s US Labor Market data is worth than expected. The currency pair reversed its tendency after the release of the European Central Bank meeting minutes, which shows the preparations to cut monetary policy stimulus. We give no recommendations today as there is important US data on the way. We think that the price is going to be trading in a range before this release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week frustrating our expectations after the European Central Bank Headโ€™s comments. We think that EUR/USD is going to grow in the next couple of days after a correction.

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 before the release of the US Labor Market data.

GBPUSD

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The currency pair reverses its tendency according to our expectations but it does it slowly. We think that it is going to finally change its tendency after todayโ€™s US Labor Market data if the release is worse than its previous meaning. There is also UK data today, but we think it is unlikely to change anything in fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to decline frustrating out expectations last week after the Bank of England Headโ€™s comments. We think that GBP/USD is going to resume its growth in the next couple of days after a correction.

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 before the release of the US Labor Market data.

AUDUSD

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The currency pair slowed down its decline and failed to establish new lows according to our expectations. AUD/USD still has some space to develop its decline but everything will depend on the results of the US Labor Market data release.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair had some expected growth last week. We think AUD/USD is likely to develop its growth in the next couple of days after a correction.

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

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The currency pair changed its tendency according to our recommendations. We give no recommendations today as we think it is better to make any trading activities after the release of the US Labor Market data. The price is likely to be trading within a range before this release.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that USD/CHF is likely to develop its correction in the next couple of days after a correction.

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.


Gold and Silver Technical Outlook July 7, 2017

GOLD (XAUUSD)

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Gold failed to change its tendency and it is trading on the same levels. XAU/USD is fluctuating within a range as the market participants are waiting for the release of the US Labor Market data. Yesterdayโ€™s ADP report was weaker than expected and we think that todayโ€™s data is likely to disappoint market participants as well. Gold is able to start its growth in this case.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. This asset was trading according to our expectations last week. We think that Gold is likely to develop its downside dynamics 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 before the release of the US Labor Market data.

SILVER (XAGUSD)

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Silver approached the MA55 balance line offering opportunities to open trades. However, the price was in a tight range and it was a good idea to protect trades by the end of the American session yesterday.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading according to our expectations last week. We think XAG/USD is likely to develop its downside dynamics 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.

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Technical Outlook July 10, 2017

EURUSD

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The currency pair was trading in a range on Friday before the release of the US Labor market data according to our expectations. Than EUR/USD declined as the non-farm employment change data was better than expected.

As for the Average Hourly Earnings data, this statistics has also shown some growth, but the results was a bit worse than forecasted. There is no important data today. As for the statistics this week, we advise to pay attention to the US PI and Retails Sales data which is to be released on Friday. The Federal Open Market Committee Head Janet Yellen is going to speak on Wednesday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pairโ€™s dynamics last week met our expectations and had some growth on Thursday. We think that EUR/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 close to the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses below the indicator.

GBPUSD

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The currency pair canceled its tendency reverse after Fridayโ€™s UK data, which was worse than expected. This fact resulted in the currency pair decline even before the US Labor Market data, which was better than forecasted. GBP/USD continued its decline during American session as well. We think that the currency pair is likely to resume its growth if the American currency is going to decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations as it continued to decline. We think that GBP/USD is likely 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair is trying to reverse its tendency and those attempts are successful. However, AUD/USD do it slowly. Fridayโ€™s US Labor Market and Average Hourly Earnings data was unable to push the currency pair downwards. This fact offers some opportunities for the currency pair to develop its growth in the nearest future. We prefer to monitor the situation today and to take any decisions tomorrow if there are any opportunities.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow frustrating our expectations and continued its decline. We think that AUD/USD is likely 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 above the MA55 balance line. We advise to avoid trading today as the situation is still unclear.

USDCHF

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The currency pair stopped its decline on Friday because of the US Labor Market data, which was better than expected. You can try short trades from 0,96550 level according to our trading system. Place stop loss at a distance, equal to 150 pips.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to develop its 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 10, 2017

GOLD (XAUUSD)

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Gold developed its decline after the better than expected US Labor Market data. We had fears that the US data was going to disappoint the market participants but there was no surprises. We think that precious metals are going to develop their downside tendency. The next important statistics to pay attention is US CPI and Retail Sales data, which are to be released on Friday. We think that XAU/USD is likely to decline before those events.

There is no trend on the Weekly char as the price is close to the MA55 balance line. The price declined last week according to our expectations. We think that Gold is likely to develop its moderate downside dynamics 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 the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)

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Silver declined on Friday after better than expected US Labor Market data. Silver had almost no obstacles in its downside tendency. There are some important Federal Open Market Committee members speeches this week, which may have considerable impact on fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside dynamics 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 the MA55 balance line. Place stop losses above the indicator.

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Technical Outlook July 11, 2017

EURUSD

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The currency pair offered an opportunity to open long trades yesterday according to our recommendations and the price was in the profit area for 200 pips. It was enough to protect trades and fix positions partially. The currency pair is likely to continue its correction and there is no clear tendency at the moment. We give no recommendations in this situation. We advise to pay attention to the Federal Open Market Committee member Brainard comments today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pairโ€™s dynamic met our expectations last week as EUR/USD had some growth on Thursday. We think that the currency pair is likely to develop its 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

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The currency pair continued its moderate decline and the downside tendency becomes stronger. USD pushes the other currencies down, but everything may change in the nearest future. We think that it is is good idea to look for short trades from the Ma55 balance line area. Pay attention to todayโ€™s Monetary Policy Committee members comments, as well as to the Federal Open Market Committee member Brainard speech.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations and continued its correction. We think that the currency pair 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.

AUDUSD

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The currency pair continued to be trading within a tight range. There was even some growth yesterday. The NAB index, released today, was better than expected. We think this event is able to help the currency pair to reach the new weekly highs.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week and continued its correction. We think that AUD/USD is likely 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair continued to grow yesterday and we can see an upside tendency now. If you had opened trades, they were closed by stop losses. The upside tendency is still under construction and the price growth is slow. We think it is a good idea 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 last week according to our expectations. We think that USD/CHF is likely 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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 11, 2017

GOLD (XAUUSD)

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Gold established new weekly lows and started its correction. There was no opportunity to open short trades as the price reached the MA55 balance line during the Asian session for a while. The pattern that we currently can see on the chart indicates on the probability of further upside correction and we give no recommendations today. We advise to pay attention to the Federal Open Market Committee member Brainard speech as it may have some impact on USD fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD declined last week according to our expectations. We think that Gold is likely to develop its 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 avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver established new lows yesterday and then had a sharp growth. We think this fact may indicate on a pause in further decline. We expect Silver to grow towards the trend line on the Hourly chart. There are no recommendations for today as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside dynamics 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.

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Technical Outlook July 12, 2017

EURUSD

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The currency pair had a positive reaction on all the European Central Bank memberโ€™s comments. USD was under pressure yesterday. There is the uptrend currently and we think it is time to look for long trades. However, the price is close to the upper side of the MA-channel and it is too risky to open trades in this situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pairโ€™s dynamics last week met all our expectations as the asset had some growth on Thursday. We think that EUR/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair offered an opportunity to open short trades from the MA55 balance line, but those positions were closed by stop losses. However, later GBP/USD declined according to our expectations. We think is it a good idea to look for short trade today again.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week and developed its correction. We think that GBP/USD is likely to resume 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.

AUDUSD

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The currency pair continued to be trading with some growth and accelerates its upside tendency. We gave no recommendations yesterday, but there was opportunities to open trades. The currency pair had an upside tendency during the American session and continued to grow today during the Asian session. We think you can try to open long trades if the price allows to do it.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations an developed its correction. We think that AUD/USD is likely to grow 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.

USDCHF

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The currency pair ended its upside tendency yesterday and reversed downwards. However, there is still no change in trend and it is too early to look for short trades. We advise to monitor the price today.

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


Gold and Silver Technical Outlook July 12, 2017

GOLD (XAUUSD)

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Gold continued its upside correction yesterday and we gave no recommendations. The price crossed the trend line and we think that XAU/USD is going to change its tendency. Target price is close to the next trend line on the Hourly chart.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD declined last week according to our expectations. We think that Gold is likely to develop its moderate downside dynamics 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 trend line on the Hourly chart. Place stop losses below this line.

SILVER (XAGUSD)

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Silver has crossed the trend line on the Hourly chart and is going to develop its growth. We think that this upside tendency is likely to continue until the price reaches the trend line on the Weekly chart (redline). We think it is a good idea to look for long trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to decline in the next couple of days.

There is 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 trend line on the Hourly chart. Place stop losses below this line.

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Technical Outlook July 13, 2017

EURUSD

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The currency pair declined from the upper side of the MA-channel towards the MA55 balance line yesterday after yesterdayโ€™s Federal Open Market Committee headโ€™s speech. Janet Yellen confirmed that the Federal Reserve is going to hike rates step-by-step. FED is planning one more Interest Rates hike this year. However, market participants have doubts that this will happen as their expectations are at 52% level at the moment. The main data to pay attention to today is the US Producer Price Index.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and had some growth by the end of the week. We think EUR/USD is likely to grow 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. Place stop losses below the indicator.

GBPUSD

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The currency pair offered opportunity to open short trades from the MA55 balance line and was in the profit area for 200 pips. It was enough to protect your trades by moving stop losses at breakeven level. Later the currency pair went higher and crossed the MA55 balance line. All trades were closed with no loss and no profit. There is no trend currently and 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 currency pair failed to grow last week frustrating our expectations. We think that GBP/USD is likely to resume its 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

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The currency pair accelerates its growth yesterday and failed to execute long trades according to our recommendations as the price has not reached the MA55 balance line. We give no recommendations today as the price is far from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations and continued its downside correction. We think that AUD/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair continues to be trading with no clear tendency and we think it is too early to look for short trades. However, there are some patterns indicating on the probability of USD/CHF decline in the nearest future. If you have your own trading system, you can try to sell from the MA55 balance line, placing stop losses above the indicator.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think USD/CHF is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook July 13, 2017

GOLD (XAUUSD)

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Gold bounced off the trend line on the Hourly chart offering an opportunity to open long trades according to our recommendations. However, the price went below the line and stop losses triggered before XAU/USD went upwards.

The next trend line on the Hourly chart is not far from here and we think it is better to do nothing. Yesterdayโ€™s price rally was due to the comments of the FEDโ€™s head Yellen who told that in case of weak inflation, monetary policy will be adjusted. Those words have disappointed market participants.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its moderate downside dynamics 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)

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Silver failed to reach the trend line and there was no opportunities to open long trades. The tendency is strong and we think there is a probability of a strong correction in the nearest future. It is hard to do anything in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAG/USD declined last week according to our expectations. We think that Silver is likely 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 avoid trading today as the situation is unclear.

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Technical Outlook July 14, 2017

EURUSD

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The currency pair executed one more downside burst and started to change its tendency. Yesterdayโ€™s PPI data showed some growth and was better than expected. This fact gives support to USD. US Consumer Price Index data is going to be released today along with the US Retail Sales. This statistic is likely to have considerable impact on USD.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pairโ€™s fluctuations met our expectations last week as EUR/USD had some growth on Thursday. We think that the currency pair is likely to grow 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.

GBPUSD

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The currency pair continued its growth yesterday and there was a change in tendency. We think that it is time to look for long trades but the price is still far from the MA55 balance line. You can open buy orders from the MA13. However, it is better to buy before the American session as there is important US CPI and Retail Dales data on the way, which is able to reverse the price.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that GBP/USD is likely to resume 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 above the MA55 balance line. We advise to open long trades from the MA13. Place stop losses below the indicator. Those trades are of high risks.

AUDUSD

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The currency pair continued to accelerate its growth and is far from the MA55 balance line now. You can try to buy from the MA13, but you would better to do it before the American session as there are important releases, which may provoke the price reverse.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week, frustrating our expectations. We think that AUD/USD is likely to resume 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 above the MA55 balance line. We advise to open long trades from the MA13. Place stop losses below the indicator. The trades are risky.

USDCHF

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The currency pair is still trading with no clear tendency and we think it is better to do nothing at the moment. There was no opportunities to open short trades. The situation is not clear and it is better to monitor fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to develop its 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 14, 2017

GOLD (XAUUSD)

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Gold had a downside correction yesterday as the US Producer Price Index data was better than expected. We think that XAU/USD is likely to develop its decline if todayโ€™s US CPI and Retail Sales data is going to be stronger that forecasted. The current price model indicates on the probability of a decline, but everything depends on the results of the US data releases.

There is no trend on the Weekly chart as the price is close to the MA 55 balance line. Gold declined last week according to our expectations. We think that XAG/USD is going to develop its 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver declined in a more aggressive manner and indicates on the probability of further decline. WE think that todayโ€™s dynamics will depend on the results of the US CPI and Retail Sales data. We give no recommendations at the moment, but we think XAG/USD is likely to develop its decline in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its decline in the next couple of days.

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

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Technical Outlook July 17, 2017

EURUSD

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The currency pair went upwards after the disappointing US CPI and Retail Sales data. There was the opportunity to open short sales according to our recommendations during the European session and to protect those positions.

Later, those trades closed by stop losses. We think that the currency pair is able to develop its growth in the nearest future. There is a very important Eurozone inflation data today, which is able to shake the market.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and had some moderate growth. We think that EUR/USD is likely to develop its upside dynamics in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. Pay attention to the risks as they are very high.

GBPUSD

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The currency pair continued its growth on Friday and offered an opportunity to buy from the MA13 in the beginning of the European session. The price then moved higher for 1600 pips and you had an opportunity to take significant profit. We think that GBP/USD is likely to develop its growth in the nearest future but the price is close to the higher border of the MA-channel and there is a high probability of a correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

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

AUDUSD

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The currency pair continued to accelerate its growth and offered an opportunity to buy from the MA13. If you managed to open trades, you could have around 700-800 pips as a reward. This is a rather good result for the currency pair. We think that after a significant growth last week, the currency pair is likely to go on correction. However, we cannot predict whether it is going to start in the beginning or by the end of the week. Anyway, the price is close to the upper side of the MA-channel and this situation indicates on the probability of a downside correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that AUD/USD is likely to grow 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

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The currency pair continues to be trading with no clear tendency and we think it is a good idea to avoid trading today. USD/CHF is likely to leave the range this week and to start a downside movement. The situation is unclear and w think it is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in a range last week. We think that USD/CHF is likely to develop its 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 July 17, 2017

GOLD (XAUUSD)

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Gold went upwards after the weaker than expected US CPI and Retail Sales data. Market participants have doubts, that the decrease in inflation is a temporary factor. This means, there are doubts that the Federal Open Market Committee is going to hike the Interest Rates this year again. IT is still too early to forecast anything, but we think, it is better to be more cautious.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD had some significant growth last week due to the US CPI and Retail Sales data. We think that Gold 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 open long trades from the trend line. Place stop losses below the line.

SILVER (XAGUSD)

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Silver is trading with high volatility today with no clear tendency. However, if we look at Gold, there are some probabilities for further growth. Anyway, we advise to buy from the MA55 balance line or from the trend line on the Hourly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading with some growth last week. We think that XAG/USD is likely 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.

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Technical Outlook July 18,2017

EURUSD

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The currency pair reached the MA55 balance line yesterday according to our expectations. However, there was no clear touch of the MA55 balance line. The price failed to do few more pips to do it. There was an opportunity to open long trades and to take profit (about 450 pips). If you held your positions yesterday, there was an opportunity to close them today with better profit during the Asian session. Eurozone CPI data met the expectations and there was no reaction on it. We advise to pay attention to todayโ€™s ZEW Economic Sentiment data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and had some moderate growth on Friday. We think that EUR/USD is likely to develop its 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.

GBPUSD

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The currency pair declined yesterday according to our expectations as there was a downside correction, but during the Asian session GBP/USD went upwards. USDโ€™s decline is due to the Japanese market participants return after their holidays. We advise to pay attention to todayโ€™s UK CPI data, which is able to shake the market.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that GBP/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 above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

AUDUSD

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The currency pair continued its growth today, during the Asian session, but there was no opportunity to open long trades. The Reserve Bank of Australia meeting minutes showed that the central bank takes a pause in further monetary policy tightening. However, RBA members are not ready to give more stimulus as well. The Reserve Bank of Australia is in the neutral positions at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth 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 unclear.

USDCHF

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The currency pair started to develop its downside tendency according to our expectations. There was some patterns to open short trades, but there is no tendency at the moment. We think there will be some opportunities to sell from the MA55 balance line today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a tight range last week. We think that USD/CHF is likely 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 open short trades from the MA55 balance line. Place stop losses above the indicator.


Gold and Silver Technical Outlook July 18, 2017

GOLD (XAUUSD)

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Gold failed to decline towards the broken out trend line on the Hourly chart and there was no opportunity to buy according to our recommendations. The price was moving towards the new highs from the MA13. However, there is no clear tendency still and we give no recommendations. We think that price is going to correct from the MQ13 up to the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD had some significant growth last week after the US CPI and Retail Sales data. We think that Gold is likely to develop its moderate upside tendency in the next couple of days.

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

SILVER (XAGUSD)

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Silver failed to reach the MA55 balance line and the broken through trend line on the Hourly chart and there was no opportunity to open trades. The price is far from the MA55 balance line and we think it is a good idea to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had some growth last week according to our expectations. We think that 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

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Technical Outlook July 19, 2017

EURUSD

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The currency pair continued its growth yesterday despite the fact that the Eurozone ZEW Economic Sentiment data was worse than expected. There was no opportunity to open long trades as the price was close to the upper side of the MA-channel and failed to reach the MA13. USD is under the pressure as there are inner US political problems. We advise to pay attention to todayโ€™s US building permits data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and showed some moderate growth. We think that EUR/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair had some growth yesterday on the eve of the UK CPI data release as market participants expected the inflation to grow. However, CPI was worse than forecasted and decreased the expectations of the probability of stimulus tightening by the Bank of England. There was no reason to open long trades after this release, but if you had such an opportunity, your positions closed with small stop losses. We think that GBP/USD is likely to start its downside correction today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair executed an expected growth last week. We think GBP/USD is likely 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.

AUDUSD

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The currency pair continued its aggressive growth, which is able to reach 0,80000. We think that AUD/USD is likely to reverse today and the price will not reach the above mentioned level. Anyway, it is difficult to open long trades at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think AUD/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.

USDCHF

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The currency pair developed its downside correction yesterday but there was no opportunity to open long trades as USD/CHF failed to reach the MA55 balance line. There was even no chance to sell from the MA13. We think that today the currency pair allows to open short trades from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a tight range last week. We think it 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 open short trades from the MA55 balance line area. Place stop losses above the indicator.


Gold and Silver Technical Outlook July 19, 2017

GOLD (XAUUSD)

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Gold continued to be trading with some growth and bounced off the MA13 indicator. We gave no recommendation to buy from there. WE had doubts that XAU/USD is able to develop its upside tendency after a long way. The tendency is slowing down today and we think Gold is likely to go on correction. There is another probability of an upside burst from the MA55 balance line and we advise to buy from there.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had some considerable growth last week because of the worse than expected US CPI data. We think that XAU/USD is likely to develop its upside dynamics 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.

SILVER (XAGUSD)

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Silver failed to reach the MA55 balance line yesterday and we think it is going to move closer today. In this case you can buy XAG/USD.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had some growth last week according to our expectations. We think that XAG/USD is likely to develop its growth on 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.
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Technical Outlook July 20, 2017

EURUSD

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The currency pair was in correction on Wednesday as market participants are waiting for the results of the European Central Bank meeting, which is to take place today. Previous EUR/USDโ€™s growth was due to the expectations that the ECB is going to announce stimulus tightening. We think that it is better to do nothing before the end of the ECBโ€™s meeting.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week. We think that EUR/USD is likely to develop its upside dynamics 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 before the release of the results of the European Central Bankโ€™s meeting.

GBPUSD

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The currency pair was trading in a tight range on Wednesday and changed its tendency. There is important UK Retail Sales data on the way, which may have impact on GBP/USD for today. Bloomberg experts expect huge Retail Sales growth and if those forecasts fail to meet investors expectations, the currency pair is likely to develop its decline 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 some expected growth last week. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator or above 1,30600.

AUDUSD

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The currency pair continued its upside tendency but the trend loses strength and we think AUD/USD is likely to reverse its tendency in the nearest future. However, the currency pair is still able to reach 0,80000. AUD/USD reached new weekly lows after todayโ€™s Australian Labor Market data and reached 0,79865. We think that this level will be the highest for this week.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that AUD/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair was trading in a tight range yesterday. There was no opportunity to open short trades according to our recommendations. The price failed to reach the entry point. We think that it is a good idea to look for short trades today, but the risks are high as there is a reverse pattern. However, we think it is better to try to sell according to the current tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a tight range according to our expectations. We think that USD/CHF is likely 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 open short trades from the MA55 balance line. Place stop losses above the indicator. The trade is of high risks.


Gold and Silver Technical Outlook July 20, 2017

GOLD (XAUUSD)

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Gold moved higher from the MA55 balance line according to our expectations. There was a chance to buy from there. The eventual profit was about 7500 pips and you had an opportunity to take profit. We think that XAU/USD is likely to reverse its tendency if there is nothing unexpected.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had a significant growth last week because of worse than expected US inflation data. We think that XAU/USD is likely to develop its moderate upside dynamics 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.

SILVER (XAGUSD)

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Silver offered opportunities to open long trades according to our recommendations from the MA55 balance line and there was a chance to take about 15 pips. It was enough as protect trades or to fix them. We can see that the upside tendency is going to slow down and the price is building a reverse pattern.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading with some growth last week according to our expectations. We think that XAG/USD is likely to develop its upside dynamics 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.

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Technical Outlook July 21, 2017

EURUSD

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The currency pair had a sharp growth yesterday after the European Central Bank meeting results as the President of this body announced that the ECB is going to consider the probability of monetary policy tightening on Autumn. There is a clear hint on the interest rates growth or on stimulus tightening. There was a rally yesterday and the price is close to the upper border of the MA-channel today. It is better to do nothing at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pairโ€™s dynamics met our expectations last week as EUR/USD grew on Friday. We think that the currency pair 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair declined despite the better than expected UK Retail Sales data. There was no opportunity to sell according to our recommendations as the price failed to reach the MA55 balance line. The currency pairโ€™s decline is due probably to the negative tendencies in the Brexit negotiations between the United Kingdom and the European Union.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that GBP/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. Place stop losses above the indicator.

AUDUSD

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The currency pair had another upside momentum towards the weekly highs but failed to establish new ones. We think that 0,79865 level will be the highest for this week. It is time to look for short trades. The currency pair started its decline since the beginning of the Asian session and is still declining without any stops. The MA-channel still looks upwards and it is risky to open positions in this situation. However, you can try to sell from the trend line on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair had some expected growth last week. We think that AUD/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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair was trading with high volatility yesterday. There was an opportunity to open short trades according to our recommendations and the position was closed by stop loss. We had previously noticed that those trades were of high risks. There is no important data today and we think that USD/CHF is likely to fluctuate in a limited range supporting Bearish moods.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading is a tight range last week. We think that USD/CHF is likely 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.


Gold and Silver Technical Outlook July 21, 2017

GOLD (XAUUSD)

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Gold failed to develop its reverse after the announcements and hints of the European Central Bankโ€™s President. He said that the ECB is going to treat the probability of monetary policy tightening on Autumn. There is no important data today and we think the price is likely to develop its moderate growth or to start a correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had a considerable growth last week due to the worth than expected US CPI and Retail Sales data. We think that XAU/USD is likely to develop its upside dynamics 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 as the situation is unclear.

SILVER (XAGUSD)

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Silver has broken its reverse pattern and moved higher after the release of the results of the European Central Bank meeting. The technical image is unclear but we think that this growth will be short. There is no important data today and the price is able to develop its moderate growth or to start a correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver had a growth last week according to our expectations. We think that XAG/USD is likely to develop its upside dynamics 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.

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Technical Outlook July 24, 2017

EURUSD

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The currency pair continued to be trading close to the upper side of the MA-channel. There were no opportunities to open any trades in those conditions. The [rice is still close to the upper side of the MA-channel and we give no recommendations for today. There are some important events and data releases this week and the main is the Federal Open Market Committee meeting, which takes place on July 25-26.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pairโ€™s dynamics met our expectations last week. We think that the currency pair 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.

GBPUSD

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The currency pair offered chances to open short trades from the MA55 balance line according to our recommendations. There were two options, the price could be stopped by stop loss or you could earn about 400 pips as the reward for your patience and risks. There is one main statistics release this week โ€“ UK Prelim GDP data q/q. We think that the currency pair is likely to change its tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair corrected last week before the probable development of the upside tendency. We think that GBP/USD is likely to resume 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair failed to reach the trend line on Friday and there was no opportunity to open short trades. The tendency on the Hourly chart still looks downwards and we think it is a good idea to try selling from the trend line. Stop loss should be around 100pips from the strike price.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week. We think that AUD/USD is likely to develop its downside correction 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 trend line today. Place stop losses above the line.

USDCHF

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The currency pair continued to develop its downside tendency on Friday after a long period of range fluctuations. USD/CHF was in a tight flat for two week in a row. We think that the price is likely to return to the MA55 balance line. In this case, you can try to sell tomorrow.

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


Gold and Silver Technical Outlook July 24, 2017

GOLD (XAUUSD)

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Golf continued its growth on Friday despite the fact that there was no important data released. We think that XAU/USD is likely to develop its upside tendency in the nearest future as the most important event of the week โ€“ the Federal Open Market Committee meeting will not bring anything new. We expect the price to start a correction today after Fridayโ€™s growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued to grow last week according to our expectations. We think that XAU/USD is likely to develop its upside dynamics 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)

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Silver crossed the trend line last week on the Weekly chart frustrating our expectations as we though, XAG/USD was going to make stop there. We think that this trend line is not actual anymore. XAG/USD is likely to correct Fridayโ€™s growth.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its upside dynamics last week according to our expectations. We think that XAG/USD is likely to resume 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

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Technical Outlook July 25, 2017

EURUSD

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The currency pair was in a correction yesterday and went below the MA55 balance line. The uptrend was stopped. We think that market participants are waiting for the results of the Federal Open Market Committee meeting which is planned for tomorrow. Another reason why Euro is under the pressure is weak Eurozone PMI data. We think that the currency pair is likely to develop its downside correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pairโ€™s dynamics met our expectations last week as EUR/USD developed its growth. We think that the currency pair is likely to continue 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.

GBPUSD

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The currency pair changed its tendency yesterday and moved higher according to our expectations. However, we think that this growth is nothing more than just a correction and it is better to be careful. The currency pair is able to reverse at any moment and to cover all this two daysโ€™ growth with one or two candlesticks. 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 a correction last week before the probable growth. We think that GBP/USD is likely to resume 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.

AUDUSD

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The currency pair has broken through the trend line on the Hourly chart and stop losses triggered. Our position closed with small losses. The currency pair is likely to be trading within a range on the eve of the Australian inflation data and forthcoming Reserve Bank of Australia headโ€™s speech, which takes place on Wednesday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that AUD/USD is likely to start its downside 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair is back towards the MA55 balance line according to our expectations. There is still the downtrend and we think it is time to look for short trades from the MA55 balance line or a bit higher. There is important Eurozone data on the way (German Ifo Business Climate), which is able to have considerable impact on the USD/CHF currency pair.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined according to our recommendations last week. 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 close to the MA55 balance line. We advise to open short trades from the MA55 balance line or higher. Place stop losses at 0,95050.


Gold and Silver Technical Outlook July 25, 2017

GOLD (XAUUSD)

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Gold reached the new highs. We expected the price to start a correction, but XAG/USD frustrated our hopes. The price continues to push upwards as the market participants are looking forward to see the results of the Federal Open Market Committee meeting. There are also some inner issues in the United States that push USD lower. Anyway, the price is close to the MA55 balance line and we think it is a good place to look for long trades.

There is no trend on the Weekly chart as the price is close to the MA55 balance line, XAU/USD continued its upside dynamics last week according to our expectations. We think that Gold is likely to develop its moderate upside dynamics 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 above the indicator.

SILVER (XAGUSD)

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Silver established new highs and confirmed its growth. We expected a correction but it didnโ€™t happen. We think that the growth is going to be developed and we advise to look for long trades. The price is unlikely to make some significant moves before the end of the Federal Open Market Committee meeting, but some moderate tendencies may happen.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its upside tendency last week according to our expectations. We think that XAG/USD is likely to go upwards 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.

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