Adamant Finance Posted February 3, 2017 Author Report Share Posted February 3, 2017 Technical Outlook February 3, 2017 EURUSD The currency pair reached the balance line in the end of the American session and it was too late to open trades. EUR/USD continued its growth before the American session as we had expected but there was no opportunity to place orders. We advise to pay particular attention to today’s US Labor Market data (non-farm payrolls especially) which is the main release and may have significant impact on fluctuations during the American session. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its upside correction last week. We think that EUR/USD is going to develop its correction in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We give no recommendations today due to the important US data, which is to be released right before the American session. It is better to open trades after this event. GBPUSD The currency pair was under the pressure after the Bank of England’s declarations on future risks. The situation in the British economics is still stable, but the Monetary Policy Committee warns about future risks and consequences of the Brexit. Those comments resulted in a sharp decline. We advise to pay particular attention to the US Labor Market data which is a very important event as it may have a considerable impact on fluctuations. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was an upside correction last week but we think that the currency pair’s grow is going to slow down in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We give no recommendations today as the important US Labor Market data is on the way. It is better to take decisions right after the release of the US Non-Farm Employment Change data. AUDUSD The currency pair broke through its range and this action had some support during the European session. However, there are risks as other allied currencies are declining against USD. Australian Dollar is able to follow its allies but today’s US Labor Market data is going to play a significant role in future fluctuations. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a sharp upside momentum last week. We think it is going to decline from the trend line in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We give no recommendations today as the important US labor Market data is coming soon. It is better to open trades after the release of the US Non-Farm Employment change data. USDCHF The currency pair approached the MA55 balance line yesterday in the morning and offered some opportunities to open short trades. There was an opportunity to take about 400 pips as profit. We advise to pay particular attention to the US Labor Market data which will may have a significant impact on fluctuations. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week and the currency pair was in a range. We think that USD/CHF is going to resume its decline after Friday’s weaker than expected Advance GDP data. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the Ma55 balance line. We give no recommendations today as it is better to open trades after the release of the US Labor Market data. Gold and Silver Technical Outlook February 3, 2017 GOLD (XAUUSD) Gold established new highs yesterday and tries to reverse its tendency. Everything indicates on this scenario. The main event for today is the US Labor Market data which is to be released right before the American session. Silver had already created all prerequisites for the reverse as it has broken through the trend line. We think that Gold is likely to follow this scenario as well. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no correction growth last week and we think that XAU/USD is going to growth in the nearest future after a significant decline. 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 give no recommendations as there is the important US Labor Market data. It is better to open positions after the release of the US Non-Farm Employment data. SILVER (XAGUSD) Silver reversed its tendency already as it has broken through the trend line and continued to decline. There was an opportunity to open short trades from the MA13 during the Asian session and you could even take some profit or protect your trades. However, it is better to wait for the price to move back towards the MA55 balance line or the broken through trendline in order to open positions from there. We advise today to pay particular attention to the US Labor Market data and to take any decisions after the event. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no correction growth last week. We think XAG/USD is going to do an upside correction in the nearest future as it has previously declined significantly. 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 loss below the trendline. 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Adamant Finance Posted February 6, 2017 Author Report Share Posted February 6, 2017 Technical Outlook February 6, 2017 EURUSD The currency pair grew on Friday due to the US Labor market data which was mixed. Non-Farm Employment data was better than expected. However, Average Hourly Earnings declined to 0,1%. This fact has negative impact on inflation and further Interest Rates hike. In addition, there is a decline in Interest Rates hike odds across the FedWatch tool. This data allows the currency pair to continue its upside correction in the nearest future. We expect EUR/USD to decline a little today and then to resume its upside tendency. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with high volatility and established an upside correction last week. We think that the currency pair is going to continue its upside correction in the nearest future. 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 long trades from the trend line. Place stop losses below the line. GBPUSD The currency pair continues to loose positions after Parliament’s vote on Brexit. Mark Carney warned last week that there are risks for British economics in future. The current tendency looks downwards but the price is far from the balance line and we give no recommendations. There is a probability that the price is going to stop close to the balance line on the Hourly chart today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its upside tendency last week according to our expectations. GBP/USD is likely to continue its correction or to stop on the current levels in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. AUDUSD The currency pair was trading in a range on Friday due to the mixed US data. The US Non-Farm Employment data was better than expected. However, unemployment rate grew to 4,8% and the Average Earnings Index remains on its minimum. This data takes the wind out of FOMC’s sails as Fed is unable to hike Interest Rates. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair broke through the trend line last week and we think it is able to continue its upside tendency in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line or from the trendline. Place stop losses below those indicators. USDCHF The3 currency pair was trading in both directions on Friday due to the mixed results of the US Labor market data. It started with growth earlier on Friday as market participants had expectations on better results of the release. However, as this data was truly mixed, Bulls had no opportunities to develop an upside tendency. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair’s decline took place earlier than we had expected and we think the USD/CHF is going to continue its decline in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and Silver Technical Outlook February 6, 2017 GOLD (XAUUSD) Gold had some growth on Friday on the mixed results of the US Labor Market data. The number of new jobs increased significantly. However, the unemployment rate increased as well. It is also to mentions that the Average Wage growth is on its minimum which is also bad for inflation. Interest Rates hike odds for March decreased. We think that Gold is going to grow moderately today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week. We think that XAU/USD is going to develop its u[side tendency in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The price is far from the balance line and we give no advises in this situation. SILVER (XAGUSD) Silver resumed its upside tendency on Friday after the release of the US Labor Market data which was mixed. We think that XAG/USD is going to grow this week. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week and we think XAG/USD is going to develop its upside tendency in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 7, 2017 Author Report Share Posted February 7, 2017 Technical Outlook February 7, 2017 EURUSD The currency pair started new week with a decline due to political changes in Europe. Marine Le Pen is going to participate in French Presidential campaign. It is to mentions that the leader of far right party has plans to leave the European Union. Those talks influence fluctuations at the moment and euro is under a significant pressure. Long trades were closed by short stop losses and we think it is time to look for short trades today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with high volatility last week and established an upside correction. We think that EUR/USD is going to develop its upside correction in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to sell from the MA13. Place stop losses above the indicator. GBPUSD The currency pair is still under pressure and breaks through the ascending trendline on the Hourly chart hinting on further decline. The price is close to the MA55 balance line area and we think it is time to look for long trades. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair’s growth slowed down last week according to our expectations. We think GBP/USD is going to develop its correction or to stay close to current level ion the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator. AUDUSD The currency pair crossed the ascending trend line on the Hourly chart and it is time to look for trades from the broken through trend line. We think that AUD/USD is going to develop its decline as the common background is negative. There was an opportunity to open long trades but they failed to bring profit. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair broke through the trend line last week and we think it is going to continue its growth in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open short trades from the broken through trendline. Place stop losses above the line. USDCHF The currency pair developed its both sides fluctuations and there is still no clear tendency. It is better to leave the currency pair for a while and to see what is going to happen. We think that the currency pair will choose its direction today and it is likely to be an upside tendency. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a decline last week and we think the currency pair is going to continue its downside tendency in the nearest future. 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 February 7, 2017 GOLD (XAUUSD) Gold started new week with a growth due to a decline in the Interest Rates hike odds and to a political changes in Europe. The main event is Marine Le Pen’s participation in a French Presidential campaign which is a direct threat to the European Union as Le Pen supports the idea of Frexit. Market participants understand that if Le Pen is going to win the elections she is going to follow British example. Those plans and hints give some additional support to Gold. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week. We think that the precious metal is going to develop its upside correction towards the MA55 balance line. 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. SILVER (XAGUSD) Silver is trying to establish an upside tendency and we think it is time to look for long trades from the Ma55 balance line. Everything indicates on further precious metals growth. We give no recommendations to trade from the MA13 as current tendency is not too strong. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week. We think XAG/USD is going to continue its upside tendency in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 8, 2017 Author Report Share Posted February 8, 2017 Technical Outlook February 8, 2017 EURUSD The currency pair developed its decline yesterday due to the market players’ fear on future of the European Union. This situation is likely to press on EUR/USD in the nearest future. However, a downside tendency diverge from the Weekly chart. The recommended trade was risky and resulted in a stop losses triggered. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trying to establish an upside tendency last week. We think it is going to develop its upside correction in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator. GBPUSD Yesterday’s short trades according to our recommendations were successful as the price declined for more than 1100 pips. There was an opportunity to fix some profit. However, there was a growth during the American session as the Monetary Policy Committee member Christine Forbs announced her fight for Interest Rates hike as the inflation continues to grow. There is another reason for GBP/USD to grow as the Scottish Parliament voted against Brexit. This vote does not influence the situation directly as there is no need for Scottish Parliament approval for Brexit. However, this is a strong signal for the United Kingdom government. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down according to expectations last week. We think that the currency pair is going to develop its correction upside tendency in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading as the situation is still unclear. AUDUSD The currency pair rejected the broken through trendline and there was an opportunity to open short trades from this line according to our recommendations. The price move was about 700 pips and you could take your profit. We think that the currency pair is going to develop its moderate decline today and we advise to open short trades from the MA55 balance line or from the trendline. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair broke through the trendline on the Weekly chart last week and we think it is going to develop its growth from the trendline in the nearest future. 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 from the trendline. Place stop losses above the indicators. USDCHF The currency pair start to move upwards but this upside tendency seems to be a correction. It has an opportunity to take speed, but is it still weak. We advise to try long trades from the MA55 balance line or from the ascending trendline. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a decline last week and we think the currency pair is going to develop its downside tendency in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line or from the ascending trendline. Gold and Silver Technical Outlook February 8, 2017 GOLD (XAUUSD) Gold failed to trigger short trades from the MA13. However, the price is still there and the background still supports Gold. We advise to look for long trades from the MA55 balance line area. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week and we think XAU/USD is going to develop its upside correction towards the MA55 balance line. 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. SILVER (XAGUSD) Silver approached to the MA55 balance line and the distance was enough to open long trades. The price was in a profit area for 20 pips and you had an opportunity to fix your positions. We think that XAG/USd is going to continue its growth today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week. We think that XAG/USD is going to develop its upside tendency in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 9, 2017 Author Report Share Posted February 9, 2017 Technical Outlook February 9, 2017 EURUSD The currency pair established new weekly lows and the had a correction. There is no sense to open trades at the moment as the price had already done its expected decline. However, we haven’t told about this and several traders opened trades from the MA55 balance line which resulted in little losses. The currency pair is still unstable due to the situation is Europe and United States. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with high volatility and established an upside correction last week. We think that EUR/USD is going to develop its upside correction in the nearest future. 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 trendline on the Hourly chart. Place stop losses above the indicator. GBPUSD The currency pair holds current levels after the Monetary Policy Committee Forbs comments yesterday on the future of monetary policy. It seems that this speech stopped GBP/USD’s decline. Anyway there is no clear tendency and the currency pair seems to be in a neutral position. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its growth last week according to our expectations. We think that it is going to continue its upside correction in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. AUDUSD The currency pair offered an opportunity to open short trades from the trendline. AUD/USD declined for 550 pips without any correction. However, this decline is slow and we advise not to hold the positions for a long time. There is a probability of upside momentum. We give no recommendations today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair crossed the trend line last week and we think it is going to continue its growth in the nearest future. 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 still unclear. USDCHF The currency pair offered opportunities to sell from the balance line but those positions gave little profit about 300 pips. It is possible to leave those positions for today and move stop losses at breakeven level. We think that the price is able to grow or to be in a range. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a decline last week. We think that the currency pair is going to continue its downside tendency in the nearest future. 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 February 9, 2017 GOLD (XAUUSD) Gold approached the balance line and there was an opportunity to open long trades according to our recommendations. Those trades allowed to take profit. We think that it is time for a deep correction after a brief upside momentum. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week and we think Gold is going to continue its correction towards the MA55 balance line. 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 still unclear. SILVER (XAGUSD) Silver reached the balance line yesterday allowing to open long trades. There was an opportunity to take profit. However, the price is close to the resistance level on the Weekly chart as there is a probability of a correction. There Is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week and we think is is going to continue in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 10, 2017 Author Report Share Posted February 10, 2017 Technical Outlook February 10, 2017 EURUSD Donald Trump promised to announce his plan details on fiscal easing and wage growth. EUR/USD declined following to his words. Those news gave significant support to USD. There are many releases today that may have impact on fluctuations and we think USD is able to develop its growth. The price failed to reach the trendline and there was no opportunity to open trades yesterday. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading with high volatility and established an upside correction last week. We think that the currency pair is going to develop its upside 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 still unclear. GBPUSD The currency pair is able to develop its decline after yesterday’s Trump comments. There is no trend at the moment and there is a probability that the currency pair is going to decline. However, there is no tendency currently and it is too risky to open trades. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its growth last week according to our expectations. We think that GBP/USd is going to develop its upside tendency or to stay close to the current levels. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. AUDUSD The currency pair is trying to go upwards today. However, the trendline still holds the price and there is no possibility to go higher in this situation. There are several risks such as USD growth as well as a decline of Allied currencies. Anyway AUD/USD is in the neutral position and we give no recommendations. There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair broke through the trendline last week and we think it is going to develop its upside tendency in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. USDCHF The currency pair developed its growth and offered opportunity to have additional profit. If you have left your trades, there was an opportunity to take 800 pips. USD/CHF had an upside momentum yesterday and we think this dynamics is going to continue in the nearest future. Current tendency looks upwards, the price is close to the MA13 and you may try long trades from the MA13. However, it is better to wait until the price reaches the MA55 balance line. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a decline last week and we think this tendency is going to develop in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA13 or the MA55 balance line. Place stop losses below the indicator. Gold and Silver Technical Outlook February 10, 2017 GOLD (XAUUSD) Gold declined as result of Trump comments made yesterday. Previous XAU/USD’s growth was due to uncertainty on future Trump’s policy. Those news supported USD and Gold declined. The trend line was broken through on the Hourly chart as the tendency is changing its direction. There is the uptrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week. We think that XAU/USD is going to growth in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver rejected the resistance level on the Weekly chart. The trendline on the Hourly chart was broken through and the current tendency is changing its direction. It is time to wait for a good downside correction. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a correction growth last week. We think that XAG/USD is going to develop its upside correction in the nearest future. 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 or from the broken through trendline. Place stop losses above the indicators. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 13, 2017 Author Report Share Posted February 13, 2017 Technical Outlook February 13, 2017 EURUSD The currency pair is still far from the balance line and there is no opportunities to open trades at the moment. However, we think that EUR/USD is going correct a little and then to resume its decline. The correction is likely to reach the balance line or even the trend line on the Hourly chart. If the price touches the balance line, we advise to open trades from there if the price allows to do it. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to develop its upside tendency due to political events. We think that EUR/USD is going to develop its downside tendency in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment as the situation is unclear. However, if the situation allows, you can sell from the MA55 balance line or from the trendline. GBPUSD The currency pair is going to establish a tendency. However, this tendency is weak at the moment. You can try to open short trades from the balance line considering that this tendency is going to speed up. If this trade closes by stop loss, it is better to wait until the price reaches the trend line and to open trades from there. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its tendency according to our expectations. We think that GBP/USD is going to correct or even to accelerate its tendency in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator. AUDUSD The currency pair is trying to establish an upside tendency despite the fact that the other “allied” currencies are going downwards. AUD/USD is going upside. However, this movement may result in a further strong decline. You can try to open trades from the MA55 balance line or even from the broken through trendline. However, risks will be high in this case and it is up to you to take a decision. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did an expected correction towards the broken through trend line on the Weekly chart. We think that AUD/USD is going to accelerate its growth in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. USDCHF The currency pair allowed opening long trades from the MA13. There was an opportunity to take 400 pips as profit. This trade was risky but resulted in positive area. There is no important data today and we think the currency pair is going to continue its growth. We advise to open long trades from the MA55 balance line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to develop its downside tendency due to political events last week. We think that USD/CHF is going to grow in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. Gold and Silver Technical Outlook February 13, 2017 GOLD (XAUUSD) Gold almost reached the balance line on the Weekly chart as it was growing for a long time. There is a probability of a downside correction in the nearest future and we think it is going to start when the price reaches the MA55 balance line. We expect XAU/USD to decline in the nearest future. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had a correction towards the MA55 balance line last week and almost reached this point. We think that XAU/USD is going to start its correction in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator. SILVER (XAGUSD) Silver reached new highs and the long trades were closed by stop losses according to our recommendations. We think that the growth was the last one and XAG/USD is going to correct in the nearest future. If the price is going to decline today with the same speed there will be a fake break through. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that XAG/USD is going to develop its upside correction in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 14, 2017 Author Report Share Posted February 14, 2017 Technical Outlook February 14, 2017 EURUSD The currency pair allowed to open trades from the MA55 balance line and declined for about 570 pips yesterday. We have forgotten to give any recommendations, but we have written to open trades from the MA55 balance line. There are many important events today to pay attention to. The most interesting of them are CPI data in China, Germany, and Switzerland as well as in the United Kingdom. We think that the currency pair is going to decline today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to resume its upside dynamics last week because of the political events. We think that EUR/USD is going to develop its downside tendency in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator. GBPUSD There was an opportunity to open short trades according to our recommendations. However, short positions were unsuccessful and were closed by stop losses. It is better to build a trend line in this case in order to see the market situation. If the price breaks it through, there is a probability of further decline. We can state that the downtrend turned to a flat. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its tendency last week according to our expectations. We think that GBP/USd is going to decline in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. AUDUSD There was an opportunity to open long trades from the MA55 balance line which closed by stop losses. However, you opened long trades from the trendline, you could have some profit at the moment. You can fix your trades partially and move stop losses at breakeven level. We advise to hold your positions until the American session. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did an expected correction towards the broken through trendline on the Weekly chart last week and we think it is going to accelerate its growth. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to hold long trades until the American session. USDCHF The currency pair approached to the MA55 balance line allowing to buy. The price grew for 500 pips. It is strange that the price exceeded the last high for a couple of pips. We think that the currency pair is going to decline today. The control point is 1,00300. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to grow last week due to political events. We think that USD/CHF is going to develop its growth in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook February 14, 2017 GOLD (XAUUSD) Gold declined yesterday offering an opportunity to open short trades. The price went downwards for more than 12 USD. You can open short trades today as well, but the risks are very high and we do not recommend taking those steps. We expect XAU/USD to be trading within a wide range as there are many important events to follow during the European session. We also advise to pay attention to the Fed Head’s Janet Yellen speech, which is to take place during the American session. Her comments may provoke considerable decline. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth last week. We think that XAU/USD is going to change its direction in the nearest future. 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) Silver’s decline was slower than growth. It means that XAG/USD is likely to grow as Silver is in the uptrend at the moment. You can try long trades today during the European session if the price offers such an opportunity. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that the upside correction is going to develop in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses below the indicator. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 15, 2017 Author Report Share Posted February 15, 2017 Technical Outlook February 15, 2017 EURUSD The currency pair was unstable during the European and US data releases. However, EUR/USD has chosen its direction after the Fed Head’s Yellen speech. The FOMC leader underlined that her organization may increase Interest Rates in the nearest future. She hinted that the monetary policy tightening may be done in March even. This information gave some support to USD and we think the currency is going to grow in the next couple of days meaning that EUR/USD is going to decline further. There was an opportunity to open short trades according to our recommendations. The price was in a profit area for 600 pips and there was a chance to take profit or to protect the trades. We give the same recommendations today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. He currency pair failed to continue its growth last week and we think it is going to develop it downside tendency in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA5 balance line. Place stop losses above the indicator. GBPUSD The currency pair declined sharply after the UK inflation data, which was weaker than expected. There are no strong reason for the currency pair to develop its upside tendency and we think it is time to reverse. There is a probability of a decline to accelerate. As for the technical analysis, the currency pair is still in the neutral position, but as for the fundamentals, there is nothing to support GBP/USD and we think it is time to open trades even if risks are still rather high. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its tendency according to our expectations last week. We think that GBP/USd is going to correct downwards in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short trades from 1,24700-1,24800 area. Place stop losses above the MA55 balance line. AUDUSD The currency pair had some growth yesterday and you could have about 500 pips as profit if you had opened a trade from the broken through trendline. It was better to close the positions there right before the American session according to our recommendations. The price went then towards the lower side of the channel and reversed upwards. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair corrected towards the broken through trendline on the Weekly chart and is able to accelerate its growth in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today, as the situation is still unclear. USDCHF The currency pair failed to establish new lows below 1,00300 to start its decline. This is a good sign of further growth in the next couple of days. The currency pair is in the uptrend on you may try to open long trades from the MA55 balance line 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 due to political events. We think that it is going to develop its growth in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. Gold and Silver Technical Outlook February 15, 2017 GOLD (XAUUSD) Gold went both directions yesterday and it was too risky to open trades as we have commented previously. The price established a wide direction and we think it is going to break through the lower line due to yesterday’s Fed Head’s Janet Yellen comments. However, we advise to do nothing today as there is still no clear tendency. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold had a correction growth until the MA55 balance line last week. We think that the currency pair is going to start its decline in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver offered an opportunity to buy from the MA55 balance line area yesterday during the Asian session. We have recommended to close all the trades before the American session as there was an important event during the American session. The price was in a profit area for 25 pips. We advise to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that Silver is going to develop its upside correction in the nearest future. 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 still unclear. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 16, 2017 Author Report Share Posted February 16, 2017 Technical Outlook February 16, 2017 EURUSD The currency pair established new weekly lows according to our expectations. However, there was no correction towards the MA55 balance line and EUR/USD offered no opportunity to open short trades according to our recommendations. The currency pair went towards the MA55 balance line later during the American session but there was no sense to open trades as a downside movement was already done. USD was loosing positions yesterday as Janet Yellen has told that the US economic growth was lower that expected. Another reason for USD’s decline is a probability of a correction after a strong downside tendency. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week due to political reasons. We think that it is going to develop its downside tendency in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. GBPUSD The currency pair declined according to our expectations but there was no opportunity to open short trades from 1,24700. The currency pair passed about 850 pips. However, if we look at yesterday’s candlestick, we see that there are almost no chances for the currency pair to develop its decline. We think it is time to prepare for the price reverse or for range trading. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its tendency last week according to our expectations. We think that GBP/USD is going to develop its correction in the nearest future. 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 as the situation is still unclear. AUDUSD The currency pair continued to be trading within a previously established range and left it upwards today during the Asian session. We think that it is better to do nothing at the moment and to wait for confirmation of this break through during the European session. If the price stays away from the range until the American session this will indicate that the break through was true. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair corrected towards the broken through trend line last week and we think it is going to accelerate its growth in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. USDCHF The currency pair failed to reach the MA55 balance line during the Asian session and offered no opportunities to open long trades. However, USD/CHF was too close to the indicator that you had a chance to try buying it. Anyway, the currency pair did its growth for 600 pips. Then the price reversed and there was a decline. We think that a deep correction is going to start. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to continue its dynamics last week due to political events. We think that it is going to develop its upside tendency in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and Silver Technical Outlook February 16, 2017 GOLD (XAUUSD) Gold went upwards yesterday during the American session as the Fed Head Janet Yellen said the US economics did not meet the expectations last year. Economists think that the US economics is going to grow for 4% only this year despite Trump’s attempts to shake it. It means that the number of expected Interest Rate’s hikes may be lower. However, there is still no uptrend and the price is able to return within the previously established range. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction growth towards the MA55 balance line last week. We think that Gold is going to develop its downside dynamics in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver is close to the upper side of a range. There is no trend currently and we think it is better to wait. However, if we look at Gold, there is a probability of an upside momentum. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that Silver is going to develop its upside correction in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading as the situation is still unclear. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 17, 2017 Author Report Share Posted February 17, 2017 Technical Outlook February 17, 2017 EURUSD The currency pair continued to develop its technical correction according to our expectations. We think that EUR still has some fuel to develop its upside tendency today up to 1,0700 and then we expect the currency pair to start a downside correction. EUR/USD is trading currently close to the upper side of the MA-channel and we give no recommendations. There is no important data today neither from Eurozone nor from the United States. The currency pair is likely to be trading according to technical analysis. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to continue its upside correction last week. We think it is going to continue its downside tendency in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. WE advise to avoid trading today as the situation is unclear. GBPUSD The currency pair reversed its tendency but there was no sharp movements yesterday. However, we can see that there is an upside tendency on the chart and it is time to look for long trades from the MA55 balance line. There is an important US data today which is able to influence fluctuations significantly. We advise to pay attention to this statistics and trade carefully. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair slowed down its tendency according to our expectations last week. We think it is going to start its downside correction in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses below the indicator. AUDUSD The currency pair was trading above the range established previously. This indicates on a probability of further growth of the currency pair. There is an opportunity to open long trades from the MA55 balance line expecting further upside tendency. If there is no active growth today, we advise to do more attempts to buy on the next week. There is no important data today and we think the currency pair is going to fluctuate according to technical analysis. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did an expected correction to the broken through trendline last week and we think it is going to accelerate its growth in the nearest future. There is the uptrend on the Hourly chart as the MA_channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. USDCHF The currency pair declined yesterday and broke through the trend line indicating its direction. You may try to search for short trades from the trendline on the Hourly chart. There are no other pivot points at the moment. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to develop its expected dynamics last week. We think that USD/CHF is going to continue its growth in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and Silver Technical Outlook February 17, 2017 GOLD (XAUUSD) Gold established an upside tendency yesterday and we think it is time to open long trades. However, there are some moments to pay attention to. Market activity is low due to US holidays on Monday. Another moment to pay attention to is Friday. There is no important data from the United States today. Those factors may prevent Gold from developing its upside tendency today and we advise to do nothing and stay out of market. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a correction last week and Gold almost reached the MA55 balance line. We think that XAU/USD is going to start its downside correction in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver left its range according to our expectations. We think it is going to continue its growth in the nearest future but the problem is that there is low activity in the market as the US holiday is expected on Monday. It is better to avoid trading. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week and we think XAG/USD is going to continue its upside correction in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 20, 2017 Author Report Share Posted February 20, 2017 Technical Outlook February 20, 2017 EURUSD The currency pair was in a downside correction on Friday and accelerated this tendency breaking the current trend. We think that today’s fluctuations will be limited as United States are on holiday. There is no important data today that may have significant impact on quotes. We give no recommendations as the market activity supposed to be low. It is risky to open trades when there are low volumes in the market. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week and we think that it is going to fluctuate the same way in the nearest future. 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 and volumes will be low during the American session. GBPUSD The currency pair declined sharply after weaker than expected UK Retail sales data released on Friday. We gave a recommendation to open long trades thinking that the UK data would be stronger than expected. However, our expectations failed. You had an opportunity to cancel an order after this data was released. If you did not do it, stop loss was close to the open price and you have lost few. There is no important data today and the volatility is supposed to be low due to the US holiday. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and we think it is going to develop its correction decline in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. AUDUSD The currency pair returned to its range in which it was trading for long time previously. Short trades according to our recommendations closed by stop losses, which were close to the open price. Th3ere is no important data to pay attention to today. United states are on holidays and this may result in low volatility. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth acceleration last week and the currency pair is on the same positions. We think that AUD/USD is able to decline in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. USDCHF The currency pair was close to the broken out trendline in the dying minutes of Friday’s session and there was no opportunity to open trades as it was too late for trading. The currency pair tries to breakout the trendline and we advise to avoid trading waiting for better position. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in both directions last week and we think it is going to develop its moderate growth in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and Silver Technical Outlook February 20, 2017 GOLD (XAUUSD) Gold corrected on Friday and there was a fix of long trades. We gave a recommendation to avoid trading on Friday. There is no important data today to pay attention to. United States are on holiday and the dynamics is likely to be weak during the American session. It is better to do nothing today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD is still close to the MA55 balance line and we think this dynamics is going to be dominating in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver was almost on the same positions on Friday as the US traders were waiting for holiday and were less active than usual. It is better to avoid trading today as the United States are on holiday and we expect low volatility during the American session. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that XAG/USD is going to develop its upside correction in the nearest future. 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. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 21, 2017 Author Report Share Posted February 21, 2017 Technical Outlook February 21, 2017 EURUSD The currency pair was trading in a tight range according to our expectations yesterday. During the Asian session the price started its decline. Other currency pairs look in the same direction as USD becomes more expensive. We think that the currency pair is going to develop its downside tendency on the eve of tomorrow’s Federal Open Market Committee minutes. We advise to pay attention to today’s German, Eurozone and United States PMIs. This data may influence fluctuations. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week. We think that it is going to grow or to be trading in both directions again in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the curve. GBPUSD The currency pair continued to be trading within a large descending range. You may try to open short trades from the upper side of this channel as USD is on rally at the moment and this currency is going to push on all others on the eve of the Federal Open Market Committee minutes which are to be released tomorrow during the American session. We advise to pay attention to the UK inflation report which is likely to provoke currency pair movements. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We think that GBP/USD is going to develop its downside correction in the nearest future. 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 trendline area on the Hourly chart. Place stop losses above the line. AUDUSD The currency pair is still trading within two last week’s range. The currency pair is in flat at the moment and we think that the better idea is to avoid trading. There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. There was no growth acceleration last week and the currency pair is still close to the same positions. We think that AUD/USD is going to develop its downside correction in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. USDCHF The currency pair was trading within a tight range on Monday alike EUR/USD. It started to increase its volatility today in the morning. The currency pair is in the uptrend and you may try to open long trades during the European session, if price offers such opportunities. It is to mention that the FOMC minutes are going to be released tomorrow. We think that USD is going to grow on the eve of this event. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in both directions last week. We think that it is going to develop its moderate growth in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and Silver Technical Outlook February 21, 2017 GOLD (XAUUSD) Gold was trading with low volatility on Monday according to our expectations. Trading range was about 5USD for the whole day. However during the Asian session there was a growth in volatility and has already passed more than 5USD for a couple of hours. We advise to open short trades from the MA55 balance line. The MA-channel is still neutral. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading close to the MA55 balance line last week. We think that this dynamics is going to develop in the nearest future. 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 curve. SILVER (XAGUSD) Silver is declining at the moment but the MA-channel is still neutral. The price is breaking through the trendline on the Hourly chart and this indicates on the probability of a tendency reverse. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that the precious metal is going to develop its upside correction in the nearest future. 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 or from the trend line. Place stop losses above those indicators. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 22, 2017 Author Report Share Posted February 22, 2017 Technical Outlook February 22, 2017 EURUSD The currency pair was trading with a decline due to the FOMC members’ comments yesterday. Fed’s policymakers hinted on the probability of the Interest Rates hike on March meeting. USD has got some support on those comments. However, this fact is not the only one to push EUR/USD lower. It is to mention that investors also pay attention to the upcoming French Presidential Elections which are to take part this year. The victory of right forces may push European Union to further disintegration. There was no opportunity to sell according to our recommendations as the price failed to reach 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 doth directions last week. We think it is going to grow or be trading without any direction in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the trend line area. Place stop losses above the line. GBPUSD The currency pair was trading with high volatility within an ascending channel and has broken through the trendline on the Hourly chart today during the Asian session. It means nothing as the price may change the direction of the channel to neutral. This ascending tendency was because the Bank of England has changed its forecast for Economic growth. However, we are not sure that the currency pair is going to choose an upside tendency to follow and today it is better to take some time to watch how the situation is going to develop There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and we think that it is going to develop its downside correction in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. AUDUSD The currency pair is still trading within a range in which it was fluctuating for a couple of previous weeks. It looks like AUD/USD is in flat and we give no recommendations in this situation. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth acceleration last week as AUD/USD is still in the same positions. We think that it is going to develop a downside correction in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. USDCHF The currency pair offered no opportunity to open long trades from the MA55 balance line as there was an aggressive growth yesterday. We think that there is a probability to buy from the trendline. However, those trades will be risky. The growth angle is sharp as we can see it on the chart and there is a probability to take some profit. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in both directions last week. We think that it is going to develop its growth in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the trendline on the Hourly chart. Place stop losses below the line. Gold and Silver Technical Outlook February 22, 2017 GOLD (XAUUSD) Gold was trading in both directions yesterday but there was an opportunity to open short trades according to our recommendations. Those trades were likely to end with stop losses. It is better to open trades today. You can try to sell from the upper trendline. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price continues to fluctuate close to the MA55 balance line and we think it is going to have the same dynamics in the nearest future. 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 upper trendline. Place stop losses above this line. SILVER (XAGUSD) There was an opportunity to open trades according to our recommendations. This trade is in the positive area at the moment and there is a probability that Silver is going to decline towards 17,85. However, there is no clear tendency and this trade is still risky. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that Silver is going to develop its upside tendency in the nearest future. 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 hold short trades from the trendline until the price reaches 17,85. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 23, 2017 Author Report Share Posted February 23, 2017 Technical Outlook February 23, 2017 EURUSD The currency pair was trading in both directions as the market participants were awaiting for Federal Open Market Committee minutes. USD was growing on the eve of the release and declined further as FOMC comments did not meet investors’ expectations. Everybody wants to know when FED is going to hike Interest Rates this year. The Interest Rates hike odds is about 18% on March and 50% on May. There was an opportunity top open short trades from the MA5 balance line and the price was in a profit area for 300 pips. It was enough to protect trades or fix positions partially. The currency pair is likely to develop its upside correction, launched yesterday. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week. We think it is going to grow or to be trading without any direction in the nearest future. 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 still unclear. GBPUSD The currency pair was trading within a large channel which changed its direction to a flat. You may try to open trades from this range’s boundaries, but we give no recommendation in this situation. Yesterday’s Advance UK GDP data showed some decrease and this is going to push GBP/USD downwards. You may try to open short trades from the upper boundary of this flat channel. However, this boundary is rather wide. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We think it is going to develop its downside tendency in the nearest future. 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 as the situation is still unclear. AUDUSD The currency pair continues to be trading within a range in which it was fluctuating for the past two weeks. It looks like AUD/USD is in flat at the moment and we give no recommendations in this situation. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth acceleration last week and the currency pair is still on the same positions. We think that it is going to develop some downside correction in the nearest future. 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 as the situation is still unclear. USDCHF The currency pair failed to approach the trendline during yesterdays’ sessions and returned to the area right after FOMC minutes. You may try long trades from the trend line today. Stop loss should be around 100-150 pips. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear direction last week but we think that the currency pair is going to grow moderately in the nearest future. There is the uptrend on the Hourly chart as the MA- channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the trend line on the Hourly chart. Place stop losses below the line. Gold and Silver Technical Outlook February 23, 2017 GOLD (XAUUSD) Gold was trading with no clear direction yesterday on the eve of the Federal Open Market Committee meeting minutes. XAU/USD was growing before the release and declined right after the event. Then Gold started to grow again. XAU/USD’s upside tendency is provoked by the fact that there is no news on further monetary policy tightening in the United States. Interest Rates hike odds reached 18% for March and 50% for May consequently. There was an opportunity to sell from the trend line but those trades closed by stop losses. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price continued to be trading close to the MA55 balance line last week. We think that the precious metal is going to develop this dynamics in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver failed to reach 17,85. It is time to close short trades if you had ones. Silver is in flat at the moment and its further direction is still unclear. It is better to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. WE think that an upside correction is going to develop in the nearest future. 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. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 24, 2017 Author Report Share Posted February 24, 2017 Technical Outlook February 24, 2017 EURUSD The currency pair developed its upside correction according to our expectations as there was no new drivers for USD growth. Interest Rates hike odds decreased after the Federal Open Market Committee minutes release and less market participants expect the Federal Reserve system to tighten its monetary policy in March. Correction growth is developing and there was a change in a current tendency. You may try to open long trades during the European session today if there is such an opportunity. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in both directions last week. We think that EUR/USD is going to grow moderately or to have no clear direction in the nearest future. There is the uptrend on the Hourly chart as the Ma-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades fr om the MA55 balance line. Place stop losses below the curve. GBPUSD The currency pair increased to the upper side of the channel and even tried to break it through yesterday. However, the upper channel boundary still holds all Bulls attacks as there are no new drivers to influence fluctuations. There is an opportunity to try short trades with stop loss above yesterday’s high. However, we do not recommend doing it, as the situation is still unclear. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We think that GBP/USD is going to develop its downside correction in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. AUDUSD The currency pair was trying to leave the range area wh ere it had been trading for a couple of weeks. However, this attempt failed as it is still fluctuating within this range. There is no clear tendency at the moment and we give no recommendations today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no growth acceleration last week and the currency pair is still close to the same positions. We think it is going to decline in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. USDCHF The currency pair offered an opportunity to open long trades from the trendline on the Hourly chart and this position closed by stop loss. There is no clear reverse at the moment and we do not recommend opening trades. Market activity may be lower today as it is Friday. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear direction last week but we think the currency pair is able to develop its moderate growth in the nearest future. 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 February 24, 2017 GOLD (XAUUSD) Gold increased its speed in its upside tendency yesterday as the Interest Rates hike odds decreased. There is the uptrend at the moment and you may try to search for long trades. However the price is far from the MA55 balance line. You may try to buy from the MA13 but the risks are high in this case. Gold is close to a strong resistance at the moment. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Gold was trading close to the MA55 balance line last week. We think that XAU/US is going to develop this dynamics in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver went upwards yesterday and broke through the upper side of the range. There is an opportunity to open long trades but it is Friday and the market activity may be lower. We think that there is a probability of a downside correction. You may try to buy from the MA55 balance line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a correction growth last week. We think that there is a probability of further growth in the nearest future. There is the uptrend on the Hourly chart a the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the line. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 27, 2017 Author Report Share Posted February 27, 2017 Technical Outlook February 27, 2017 EURUSD The currency pair failed to decline towards the balance line during the European session on Friday. There was no opportunity to open long trades. Later, during the American session, EUR/USD was close to the MA55 balance line, but it was too late to do something. There is a probability of further decline today. The currency pair is trading with no clear tendency at the moment as EUR/USD is accumulating positions below the resistance at 1,05700. You can try to open short trades with small stop loss, but risks are still too high. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no clear tendency last week as the currency pair was trading in both directions. We think that EUR/USD is going to resume its downside tendency in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. GBPUSD The currency pair was trading close to the upper side of the range but declined towards its lower side on Friday. GBP/USD developed its decline in the beginning of this week. We think that the currency pair is preparing to break through the lower boundary. This may happen today or tomorrow. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a large range last week. We think it is going to leave this range in the nearest future. 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 as the situation is still unclear. AUDUSD The currency pair is still trading within a previously established range and unable to leave it for a long time. AUD/USD is trading in a flat range and we give no recommendations as there is no sense to do anything at the moment. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is no changes in tendency as the currency pair is trading within a range. We think that it is going to leave this range in the nearest future. There is no trend on the Hourly chart as the Ma-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. USDCHF The currency pair ended last week almost with no changes. As we have previously mentioned, it was risky to open trades as there was no clear tendency. We think that USD/CHF is going to grow. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week but USD/CHF had some growth on Friday. We think it is going to grow in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and Silver Technical Outlook February 27, 2017 GOLD (XAUUSD) Gold continued its growth and long trades from the MA13 were successful. There were risks but you had an opportunity to have profit as Gold’s growth was about 10USD. We think that the price is going to decline from the last weeks highs or establish new highs and reverse. There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was trading close to the MA55 balance line last week. We think it is going to bounce off this curve in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver offered no opportunity to open long trades from the MA55 balance line. The price is close to the resistance level and may reverse at any moment. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver resumed its growth last week and we think it is going to develop its upside correction in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading as the situation is unclear. Link to comment Share on other sites More sharing options...
Adamant Finance Posted February 28, 2017 Author Report Share Posted February 28, 2017 Technical Outlook February 28, 2017 EURUSD The currency pair established new highs before the probable decline which is to take place in the nearest future. We had previously mentioned that the reverse was going to be hard. Stop losses triggered yesterday and we think that today market participants are going to push the currency pair down. Resistance at 1,05700 was weak and worked for the Asian session only. If there is any momentum today, you may try to catch the price there in order to open short trades. We think that it is better to sell from 1,06000. The only thing that may change todays plans is the US President’s Donald Trump speech. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no clear tendency last week and we think that the currency pair is going to develop a downside tendency in the nearest future. 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 1,06000. Place stop loss above 1,06200 or on this level. GBPUSD The currency pair failed to leave is range on Monday and we think it is going to do it today. GBP/USD corrected yesterday after a huge decline. Today’s short trades area is close to 1,24500-600. However, there is on event that may change Bears plans – today’s Trump speech. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a wide range last week. We think it is going to leave this range downwards in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1,24500-600 levels. Place stop losses above the Ma55 balance line. AUDUSD The currency pair continues its boundary trading. AUD/USD is still within the same range for long time. There is no clear tendency at the moment and we give no recommendations. We think that the currency pair is going to leave this range downwards today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. AUD/USD is trading with no changes but we think it is going to leave its range in the nearest future. 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. USDCHF The currency pair is preparing for the growth as it is trying to establish an upside tendency. We think that this tendency is going to accelerate today if nothing is going to change the plans (like today’s Trump speech). However, this event is going to take place during the American session. There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. There was no clear tendency last week and the currency pair ended last week with a growth. We think it is going to develop its upside tendency in the nearest future. 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 long trades from the MA55 balance line. Place stop losses below the MA55. Gold and Silver Technical Outlook February 28, 2017 GOLD (XAUUSD) Gold is establishing new highs and is going to reverse downwards. Yesterday’s pattern indicates on the probability of this scenario. The MA-channel slows down its growth and prepares to a reverse. The only thing which is able to change plans is today’s Donald Trump speech which is to take place during the American session. You can try to sell from the MA55 balance line. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price was close to the MA55 balance line last week and we think it is going to bounce off this curve in the nearest future. 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 MA55 balance line. Place stop losses above the curve. SILVER (XAGUSD) Silver is also preparing for a reverse but in a less active manner. There was some signs of Bears future domination on yesterday. However, we give no recommendations today as the MA-channel is still neutral. We advise to do nothing and to take any actions tomorrow. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver resumed its upside tendency last week and we think it is going to develop its upside correction in the nearest future. 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 still unstable. Link to comment Share on other sites More sharing options...
Adamant Finance Posted March 1, 2017 Author Report Share Posted March 1, 2017 Technical Outlook March 1, 2017 EURUSD The currency pair was trading in both directions yesterday on the eve of Donald trump’s speech and USD has got a significant support during the American session after a stronger than expected US data. The currency pair was trading within a neutral MA-channel and short trades according to our recommendations were unsuccessful. There was an opportunity to open short trades during the Asian session and later the currency pair has fallen through, allowing to protect your trades. Trump’s speech is expected today during the European session. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no clear dynamics last week. We think that the currency pair is going to resume its downside tendency in the nearest future. 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 this indicator. GBPUSD There was an opportunity to open short trades and get some profit as the currency pair declined for 1000 pips. GBP/USD left its range in which it was trading for long time already. We think that the currency pair is going to develop its downside tendency and even to accelerate it. You may fix your positions partially and hold the rest in order to reach goals that are more significant. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading within a large range last week. We think that it is going to leave the previously established range downwards. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades from 1,24500-600. AUDUSD The currency pair tries to leave its range in which it is trading for long time. Yesterday’s Australian statistics did not allow to leave the range as the GDP data was better than expected. The currency pair returned to its range after this release. The currency pair still tries to break through the boundary at 0,76500. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There is no changes in the situation but we think that the currency pair is able to leave the previously established range this week. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. USDCHF The currency pair was not trading according to our expectations and long trades from the MA55 balance line were closed by Stop losses. However, USD/CHF has a nice pattern today and it is better to wait until the currency pair establishes a tendency to take any further steps. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week, but the currency pair had some growth in the end of last week. We think that USD/CHF is going to develop its upside tendency in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and Silver Technical Outlook March 1, 2017 GOLD (XAUUSD) Gold was trading according to a predicted scenario and started to decline from the MA55 balance line. There was two opportunities to open short trades in the beginning of the European session as the price was close to the MA55 balance line and in the beginning of the American session. You could place stop loss at the breakeven level in the first case (this trade brought no profit) and have some profit in the second one. The price is far from the MA55 balance line today and we advise to do nothing. There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was trading close to the MA55 balance line last week and we think it is going to bounce of this indicator in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver still holds its positions and is trying to establish a reverse. We think it is better to avoid trading today as XAG/USD is likely to develop this weak dynamics during the day. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD resumed its growth last week. We think that Silver is going to develop its upside correction and then to reverse. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Link to comment Share on other sites More sharing options...
Adamant Finance Posted March 2, 2017 Author Report Share Posted March 2, 2017 Technical Outlook March 2, 2017 EURUSD The currency pair continued to decline yesterday as the Interest Rates hike odds increased again. The Federal Open Market Committee representatives have commented the probability of Interest Rates hike in March and the odds increased from 35 up to 65%. This probability has increased again up to 73% today. Those odds gave some additional significant support to USD. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no clear direction last week and we think that the currency pair is going to develop its downside dynamics in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the Ma55 balance line. Place stop above the curve. GBPUSD The currency pair continued its decline according to our expectations and there was an opportunity to fix previously opened positions with about 2000 pips of profit. The price reached the lower boundary of the MA-channel and GBP/USD is able to reverse. However, we think it may also continue to decline further as there is no fundamental factors to support the currency pair. It is up to you to decide whether to fix profit at the moment or to wait for further opportunities. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading within a large range last week. We think it is going to break through the lower side of the boundary in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the currency pair is close to the lower side of the MA-channel. AUDUSD The currency pair is still within a range and can not leave it. However, we think it is going to break it through downwards in the nearest future. You may try to open short trades from the MA55 balance line today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was almost no changes last week, but we think that the currency pair is going to leave this range downwards 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 MA5 balance line. Place stop loss above the indicator. USDCHF The currency pair moved upwards yesterday but it was not enough to think that the uptrend is established. We advise to take no steps until the currency pair establishes any tendency. We think that those opportunities will be offered tomorrow. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week but we think the currency pair is going to go upwards 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 March 2, 2017 GOLD (XAUUSD) Gold continued its downside dynamics in the first half of Wednesday due to the US data. However, we think that USD is going to grow in the nearest future as the Interest Rates hike odds increased after yesterday’s Federal Open market committee members’ comments. This probability increased up to 65% and this may have a significant impact on XAU/USD. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price was fluctuating close to the MA55 balance line last week. We think it is going to bounce off this curve in the nearest future. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator. SILVER (XAGUSD) Silver is still trading in a flat with no clear direction and this precious metal is unable to develop a downside dynamics as we have previously commented. We think it is better to do nothing today as XAG/USD is able to develop this dynamics during the day. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some growth last week and we think Silver is going to develop this tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Link to comment Share on other sites More sharing options...
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