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Daily Analysis by AdamantFinance.com

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Technical Outlook July 12, 2016

EURUSD

12_07_2016_eur.jpg

EUR/USD was in flat yesterday and had a considerable growth today in the morning during Asian session. We advise to observe the market until euro-dollar chooses a direction as there is a neutral trend on the Hourly chart at the moment.

The Weekly chart shows the downtrend as the price is below the MA55. EUR/USD continues to fall in full compliance with technical analysis.

As for the Hourly chart, there is no trend here as we have previously mentioned. The MA-channel goes with no direction, although the price is below the MA55. We expect downtrend to take place in the nearest future. You may try short trades from the trendline on the Hourly chart. Stops may be placed above this line.

GBPUSD

12_07_2016_gbp.jpg

GBP/USD fluctuated in both directions yesterday. Today we advise to pay attention at the speech of the Head of BA Mark Carney. Market participants will surely follow both speeches and hints before the MPC meeting which will be held on Thursday. It is important to remember that Mark Carney had several times underlined the probability of further monetary policy easing.

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD continues to slide down because of the results of the Brexit Referendum. The downtrend is confirmed.

As for the Hourly chart, there is the uptrend here as the MA-channel turns upwards and the price is above the MA55. It is better to avoid trading as the price is close to the upper side of the MA-channel.

AUDUSD

12_07_2016_aud.jpg

The probability of growth towards the trendline on the Weekly chart is still actual. We recommend opening short trades from the trendline if the price bounces off it.

There is still the uptrend on the Weekly chart as the price is above the MA55. We expect further growth towards the trendline. If AUD/USD reaches it, there may be a rebound.

As for the Hourly chart, there is the uptrend as the MA-channel looks upwards and the price is above the MA55. We advise to catch the price near the trendline and to open short trades, placing stops above this line.

USDCHF

12_07_2016_chf.jpg

USD/CHF was in a tight range yesterday and almost reached the descending trendline on the Houtry chart. Today we expect the breakthrough of this line that will confirm the uptrend.

There is the uptrend on the Weekly chart as the price is above the MA55. This upside tendency is still weak and requires confirmation.

AS for the Hourly chart, we can see the uptrend here as well as the price is above the MA55 and the MA-channel looks upwards. We recommend opening long trades from the MA55. Stops should be placed below the MA55. The targets are 400-800 points higher.

Official site: http://www.adamantfinance.com

Gold/Silver Technical Outlook July 12, 2016

GOLD (XAUUSD)

12_07_2016_gold.jpg

XAU/USD was in correction yesterday before the upside momentum as the trendline is broken through on the Weekly chart. We expect a considerable growth if this breakthrough is not a fake.

There is the uptrend on the Weekly chart as the price is above the MA55. The resistance at 1350,00 is broken through. We expect further growth to new highs.

As for the Hourly chart, there is the downtrend here as the MA-channel goes downwards and the price is below the MA55. This situation with a change in trend is suspicious. However, we think that the correction is too long. Silver, for example, continues its uptrend. We advise to buy from 1350-1353,00 targeting 1400,00. Stops should be placed below 1350,00.

SILVER (XAGUSD)

12_07_2016_silver.jpg

XAG/USD holds the uptrend. The target at 25,00 is still actual. We expect the growth to continue in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD goes towards new resistance at 25,00 and may reach it in the nearest future.

As for the Hourly chart, there is the uptrend here as the MA-channel goes upwards and the price is above the MA55. We recommend long trades from the MA55. Stops should be placed below the MA55. The targets are at 21,50 and 22,30.

Official site: http://www.adamantfinance.com

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Technical Outlook July 13, 2016

EURUSD

13_07_2016_eur.jpg

EUR/USD made a fake breakthrough of the trendline on the Hourly chart. If you tried to open short trades from this line, your stops should trigger. The stop was close to the opening level as it was placed above the trendline. The Currency pair tendency changes. It is better to wait until the last weeks high is crossed.

There is the downtrend on the Weekly chart as the price is below the MA55. EUR/USD resumed downside tendency according to classic technical analysis.

As for the Hourly chart, there is the uptrend here as the MA-channel goes upwards and the price is close to the MA55. We expect the downtrend to take place. You may try short trades from a new trendline on the Hourly chart. Stops should be established above this inclined resistance. You may also try long trades from the trendline from the MA55.

GBPUSD

13_07_2016_gbp.jpg

GBP/USD had a considerable growth yesterday. There are two main reasons for such a rally:

a woman will be a new prime minister of the Great Britain;

she takes office in the nearest future.

Markets reaction on that news was positive and the pound won some positions from the USD.

There is the downtrend on the Weekly chart as the price is below the MA55. News on a new prime minister may provoke a large correction.

As for the Hourly chart, there is the uptrend here as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading as GBP/USD is close to the upper side of the MA-range.

AUDUSD

13_07_2016_aud.jpg

AUD/USD broke through the trendline yesterday on the Weekly chart triggering stops above the trendline. There is a probability that aussie will try to target resistance at 0,78000. This level is very important.

There is the uptrend on the Weekly chart as the price is above the MA55. We expect that the growth may continue up to the trendline. When the price reaches 0,76000 it may bounce off it.

As for the Hourly chart, there is still the uptrend as the MA-channel looks upwards and the price is above the MA55. You may try long trades from the MA55 curve.

USDCHF

13_07_2016_chf.jpg

USD/CHF broke through the descending trendline on the Hourly chart. All our expectations became true. However, in the beginning of the European session, USD/CHF went down and resumed its growth later. If you tried to open long trades in the lowest point today, you could take about 700 points of profit.

There is the uptrend on the Weekly chart as the price is above the MA55. The upside tendency is still weak and requires confirmation.

There is the uptrend on the Hourly chart as well as the price is above the MA55 and the MA-channel looks upwards. We recommend opening long trades from the MA55, placing stops below the curve.

Official site: http://www.adamantfinance.com

Gold/Silver Technical Outlook July 13, 2016

GOLD (XAUUSD)

13_07_2016_gold.jpg

XAU/USD made a fake breakthrough of the trendline on the Weekly chart unfortunately. All long trades lead to losses. The downtrend was gaining momentum which resulted in the cross of the trendline on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the MA55. Gold made a fake breakthrough of the descending trendline.

As for the Hourly chart there is the downtrend here as the MA-channel goes downwards and the price is below the MA55. It is risky to open short trades today as the price is close to the lower side of the MA range. .

SILVER (XAGUSD)

13_07_2016_silver.jpg

XAG/USD holds the uptrend targeting 25,00. The price fluctuates within a triangle and we expect that it may go upwards later. Yesterdays long trades were profitable. You could protect your positions at the breakeven level.

There is the uptrend on the Weekly chart as the price is above the MA55. Silver goes to a new resistance level at 25,00 and may reach it in the nearest future.

As for the Hourly chart, there is the uptrend here as well as the MA-channel goes upwards and the price is above the MA55. It the price breaks through 20,50, you may try long trades targeting 21,50, 22,30 placing stops below the trendline.

Official site: http://www.adamantfinance.com

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Technical Outlook July 14, 2016

EURUSD

14_07_2016_eur.jpg

EUR/USD grew from the MA55 to the descending trendline on the Hourly chart. However, the test of the trendline was not successful. The Currency pair was unable to cross it. We recommended opening long trades from the MA55 and you could earn about 500 points in this case. We also advised to sell from the descending trendline on the Hourly chart. You could earn 200 points only in this case allowing you to protect positions. Today in the morning, EUR/USD retests the descending trendline. We expect that this time it will cross the inclined resistance.

There is the downtrend on the Weekly chart as the price is below the MA55. EUR/USD confirms the downside tendency.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We expect the downtrend to resume. You may try long trades from the MA55 or even a bit lower targeting the upper side of the channel.

GBPUSD

14_07_2016_gbp.jpg

GBP/USD went down yesterday, losing a part of gained positions on the eve of the MPC meetings. Many investors expect further easing of monetary policy after the Brexit Referendum. GBP/USD may go down further in case if Bank of England decides to cut rates.

There is the downtrend on the Weekly chart as the price is below the MA55. First correction may end today, after the MPC meetings.

AS for the Hourly chart, there is the uptrend here as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading as sharp fluctuations are probable.

AUDUSD

14_07_2016_aud.jpg

AUD/USD rebounded off the MA55 and you could close your trades with additional 500 points in your pocket according to our recommendations. Today further growth of AUD/USD is probable targeting 0,78000.

There is the uptrend on the Weekly chart as the price is above the MA55. The trendline is broken through and we expect further growth towards 0,78000.

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to try long trades as the uptrend as the uptrend may continue.

USDCHF

14_07_2016_chf.jpg

USD/CHF went below the MA55. All long trades were unsuccessful. Today the price may cross the trendline on the Hourly chart and you may use this opportunity.

There is the uptrend on the Weekly chart as the price is above the MA55. The ascending tendency is still weak and requires confirmation.

AS for the Hourly chart, there is the uptrend here as well as the MA-channel looks upwards, although the price is below the MA55. We recommend opening short trades if price crosses 0,9820. Those trades are countertrend ones and we advise to decrease volume.

Official site: http://www.adamantfinance.com

Gold/Silver Technical Outlook July 14, 2016

GOLD (XAUUSD)

14_07_2016_gold.jpg

XAU/USD has done a rebound from the MA55, allowing to open short trades. You could also protect your sells. We advise to observe the market as the return back to the MA55 is risky to open trades. Todays MPC meetings may provoke XAU/USD growth, if all members vote further monetary easing.

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD makes a fake breakthrough of the trendline.

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. It is too late to open short trades.

SILVER (XAGUSD)

14_07_2016_silver.jpg

XAG/USD is in the neutral trend at the moment and we advise to avoid trading. The price touched 20,50 in the morning, but did not cross it. We think that the breakthrough will be done as soon as XAG/USD closes above this level. We advise to open long trades after the breakthrough when the price goes back to the crossed 20,50.

There is the uptrend on the Weekly chart as the price is above the MA55. We still expect price growth towards 25,00.

There is the neutral trend on the Hourly chart as the MA-channel goes no direction and the price is close to the MA55. We do not recommend trading XAG/USD today.

Official site: http://www.adamantfinance.com

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Technical Outlook July 15, 2016

EURUSD

15_07_2016_eur.jpg

EUR/USD was in a sharp rally yesterday and moved from the MA55 to the upper side of the channel according to our expectations. It was a good opportunity to earn some 600-700 points. Today the upside tendency still actual. However, last weeks high is not broken through. There is still a probability of decline.

The Weekly chart shows the downtrend as the price is below the MA55. EUR/USD resumed downside tendency according to classic technical analysis.

As for the Hourly chart, there is the uptrend here as the MA-channel goes upwards and the price is above the MA55. I expect the downtrend to resume. It is better avoid long trades as the upside momentum is already done.

GBPUSD

15_07_2016_gbp.jpg

GBP/USD resumed its growth. The MPC took a decision to leave current interest rate on the same level and to treat its cut during the next meeting. There was a short momentum.

The Weekly chart shows the downtrend as the price is below the MA55. First ascending correction goes on as the Monetary Policy Committee has taken a decision to postpone the rate cut.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better avoid trading today as the price is above the MA-channel range.

AUDUSD

15_07_2016_aud.jpg

AUD/USD traded in a small range and rebounded from the MA55. It was a good opportunity to earn 400 points according to our recommendations. Today in the morning, the Currency pair tries to break the range upwards although we expected new highs yesterday. It is probable, that today AUD/USD aims 0,78000.

There is the uptrend on the Weekly as the price is above the MA55. The breakthrough of the trendline is probably done. We expect further growth aiming 0,78000.

As for the Hourly chart, there is the uptrend here as the MA-channel looks upwards and the price is above the MA55. You may try long trades from current levels placing stops at 0,76300.

USDCHF

15_07_2016_chf.jpg

USD/CHF overcame control level at 0,98200. However, the Currency pair did not go back to it. The price made about 500 points after the breakthrough of the level. Finally, it confirmed the downtrend.

There is the uptrend on the Weekly chart as the price is above the MA55. This upside tendency is still weak and requires confirmation.

As for the Hourly chart, we may see the downtrend here as the MA-channel looks downwards and the price is below the MA55. You may try short trades from the MA55.

Official site: http://www.adamantfinance.com

Gold/Silver Technical Outlook July 15, 2016

GOLD (XAUUSD)

15_07_2016_gold.jpg

Gold resumed its decline since yesterdays morning when we had mentioned that it was too late to open short trades. This time your sells could be successful. However, such situations are rare. XAU/USDs decline was influenced by the results of the MPC meetings. The decision to postpone the rate cut was unexpected by the market as Mark Carney underlined the possibility of monetary easing during the summer.

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD forms a fake breakthrough of the descending trendline.

As for the Hourly chart, there is the downtrend here as the MA-channel goes downwards and the price is below the MA55. The short trades are risky today as it is Friday. However, you may try sells from the MA55.

SILVER (XAGUSD)

15_07_2016_silver.jpg

XAG/USD continues to trade in flat. We advise to avoid trading. The breakthrough of the triangle is probable today. However, we do not expect a momentum. The price may slide down to this weeks lows.

There is the uptrend on the Weekly chart as the price is above the MA55. We still expect the probability of price growth towards resistance at 25,00.

As for the Hourly chart, there is the neutral trend here as the MA-channel looks no direction and the price is close to the MA55. We advise to avoid trading silver today.

Official site: http://www.adamantfinance.com

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Technical Outlook July 19, 2016


EURUSD

19_07_2016_eur.jpg

 
EUR/USD traded in a narrow range yesterday. There was no important data. Today the situation is the same. You may try short trades from the MA55. Today we expect important data from the Eurozone (ZEW). We advise to pay attention to US Building Permits data.

There is the downtrend on the Weekly chart as the price is below the MA55. EUR/USD prepares to another downside momentum. We expect it to happen this week.

As for the Hourly chart, there is the downtrend here as well as the MA-channel goes downwards and the price is below the MA55. You may try short trades from the MA55 area.


GBPUSD

19_07_2016_gbp.jpg


GBP/USD did a correctional growth according to our expectations. Technical indicators changed their positions and we may state the downtrend. Today we advise to pay attention to the GB CPI y/y data. This statistics may result in further downside tendency.

There is the downtrend on the Weekly chart as the price is below the MA55. It is probable that the upside correction is already done.

As for the Hourly chart, there is the downtrend here as the MA-channel goes downwards and the price is below the MA55. You may try short trades from the MA55 area. 

 
AUDUSD

19_07_2016_aud.jpg


There were two good opportunities to open short positions from the MA55 area. AUD/USD went down sharply today in the morning. You could take about 1000 points of profit on this movement. Another ascending trendline is broken through. The downside tendency is confirmed. We expect new lows to be reached in the nearest future.

There is still the uptrend on the Weekly chart as the price is above the MA55. EUR/USD declined in the final minutes of Friday’s session and closed last week below the trendline. We expect the decline to resume this week.  

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. It is too late to enter short positions today as the price is close to the lower side of the MA-channel. 

 
USDCHF

19_07_2016_chf.jpg

 
USD/CHF traded in a narrow range yesterday according to our expectations. Technical indicators show the uptrend and they already confirm the upside dynamics. We expect an upside momentum today.

There is the upside trend on the Weekly chart as the price is above the MA55. This tendency is still weak and requires confirmation. 

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. You may try long trades from the MA55 area. 


Official site: http://www.adamantfinance.com

Gold/Silver Technical Outlook July 19, 2016


GOLD (XAUUSD)

19_07_2016_gold.jpg

 
XAU/USD traded in a narrow range according to our expectations. There was no important data yesterday to influence fluctuations. Today we recommend paying attention to some important statistics. XAU/USD price is within a triangle and there is a probability of breakthrough during the day. We advise to prepare for short trades.

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD made a fake breakthrough of the descending trendline and may resume the downside tendency.

As for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price is below the MA55. We expect further downside moves. However, there is still no clear tendency on the chart. We recommend placing short trades orders below the lows in the 1322,00 area.

 
SILVER (XAGUSD)

19_07_2016_silver.jpg

 
Silver also forms a triangle. There is a probability of downside breakthrough. Yesterday price made new lows showing the ability to further decline. Today’s stats will determine XAG/USD fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55. Growth towards a new resistance at 25,00 is still postponed.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We recommend opening short trades from 19.80, placing stops at 20,00.


Official site: http://www.adamantfinance.com

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Technical Outlook July 20, 2016


EURUSD

20_07_2016_eur.jpg

 
All short positions from the MA55 area were successful. EUR/USD was under pressure yesterday due to the ZEW economic sentiment data and strong US stats. Greenback has got a significant support. You could take about 700 points of profit. Today we expect correction and there is the probability of downside tendency to develop.

There is the downtrend on the Weekly chart as the price is below the MA55. EUR/USD is ready to another downside momentum. We expect this to happen during the week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. You may try short trades from the 1,1030/40 area.


GBPUSD

20_07_2016_gbp.jpg


GBP/USD declined on British data although the figures were rather good. Inflation data has no influence on the decisions of the Monetary Policy Committee. There are other issues to overcome. That is why, markets did not pay attention to 0,5% CPI y/y growth. The greenback has got some strong support after yesterday’s US data. GBP/USD was not close to the MA55 and there was no opportunity to open short trades. We advise to pay attention to the Labor Market data in the United Kingdom today.

There is the downtrend on the Weekly chart as the price is below the MA55.An upside correction is probably done.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. You may try sells from the 1,3160 area.

 
AUDUSD

20_07_2016_aud.jpg


AUD/USD declined yesterday. However, during American session there was a correction. Today we expect the correction to continue. We also think that the decline may resume during European or American session. 

There is still the uptrend on the Weekly chart as the price is above the MA55. AUD/USD declined in the last several minutes on Friday and closed the week below the trendline. It indicates a probable decline during the current week.

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. You may try short trades from the 0,7525 area. 

 
USDCHF

20_07_2016_chf.jpg

 
USD/CHF has done 500 points way upwards. We expect that the Currency pair growth resumes today or tomorrow. The target is at the upper trendline on the Hourly chart. Greenback has got a significant support from investors this week.

There is the uptrend on the Weekly chart as the price is above the MA55. The upside tendency is still weak and requires confirmation.

The Hourly chart shows the uptrend as the MA-channel looks upwards and the price is above the MA55. You may try short trades from the MA55 area. 


Official site: http://www.adamantfinance.com

 

Gold/Silver Technical Outlook July 20, 2016


GOLD (XAUUSD)

20_07_2016_gold.jpg

 
XAU/USD continues to form a triangle. This pattern may testify a consolidation. We recommended short positions. However, those trades failed to open as there was no breakthrough of the triangle. No there is a neutral trend in a range.

The Weekly chart shows the uptrend as the price is above the MA55. XAU/USD made a fake breakthrough of the descending trendline and may continue to decline.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We expect downside tendency, although the trend is still not determined. You may place short orders in the 1323,00 area.

 
SILVER (XAGUSD)

20_07_2016_silver.jpg

 
XAG/USD reached the short order level. However, there was no downside moves. The price was within the Monday’s range. We think that there is a long trades accumulation in this area. They may provoke an upside momentum in the nearest future. The situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD growth to a new resistance at 25,00 is postponed.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We expect the downside tendency to develop. However, if you place an order here, you will trade against the trend. We recommend placing long orders to the 20,10 area.


Official site: http://www.adamantfinance.com

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Technical Outlook July 21, 2016


EURUSD

21_07_2016_eur.jpg

 
EUR/USD did an upside correction yesterday according to our expectations. The trades that we recommended failed to open as the price did not reach the acceptable levels for short positions. Today is a very important day for EUR/USD as the ECB meeting takes place. There is a probability that further stimulation measure will be accepted. In this case, EUR/USD will be under pressure.

There is the downtrend on the Weekly chart as the price is below the MA55. EUR/USD is going to make another downside momentum. This may happen during the week.

As for the Hourly chart, there is the downtrend here as well as the MA-channel goes downwards and the price is below the MA55. You may try short positions from the 1,1040/50 area


GBPUSD

21_07_2016_gbp.jpg


GBP/USD did some growth yesterday because of strong Labor market data in GB. Short positions, that we have recommended, were unsuccessful. However, you had an opportunity to close them at breakeven. Today we advise to pay attention to the Retail Sales data. If this statistics is weak, the downside tendency may resume.

There is the downtrend on the Weekly chart as the price is below the MA55. AN upside correction is probably done. 

As for the Hourly chart, there is the downtrend here as well as the MA-channel goes downwards although the price is still above the MA55. You may try short orders from the trendline on the Hourly chart (1,3220/40 area). We recommend placing stops above the trendline.

 
AUDUSD

21_07_2016_aud(1).jpg


AUD/USD continued to go down towards the trendline on the Hourly chart. Hort positions failed to open as the price did not get the orders. Today we expect some “fight” near the trendline. AUD/USD may break it through or not. Technical indicators show the probability of breakthrough on the Hourly chart.

There is still the uptrend on the Weekly chart as the price is above the MA55. AUD/USD declined and closed the last week below the trendline in the final minutes of Friday. The downside tendency may continue this week.

As for the Hourly chart, there is the downtrend here as the MA-channel looks downwards and the price is below the MA55. You may try sort trades from the MA55. 

 
USDCHF

21_07_2016_chf.jpg

 
USD/CHF tried to reach the upper trendline on the Hourly chart. Those attempts failed. There was no opportunity to enter the market as the price did not decline to the MA55. The price is currently close to the lower trendline. We expect a rebound from it.

There is the uptrend on the Weekly chart as the price is above the MA55. The uptrend is still weak and requires confirmation.

As for the Hourly chart, there is the uptrend here as the MA-channel looks upwards and the price is above the MA55. You may try long trades from the trendline, placing stops below this line.  


Official site: http://www.adamantfinance.com


Gold/Silver Technical Outlook July 21, 2016


GOLD (XAUUSD)

21_07_2016_gold(1).jpg

 
XAU/USD left the horizontal range. The trade was done at 1323,00 and you may move your stops at breakeven level. You may also try to fix some of your trades and hold short positions until 1307,00. We expect some significant rebound here.

There is the uptrend on the Weekly chart as the price is above the MA55. We have seen a fake breakthrough of the descending trendline. The downside tendency may resume.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. It is too late to open short trades today. You may hold your yesterday’s positions if you had an opportunity to enter.

 
SILVER (XAGUSD)

21_07_2016_silver.jpg

 
We expected, that Silver may breakthrough the upper side of the triangle. However, it failed to do this and we advise to stay of the market for the moment. The situation is clear at present.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD growth to the resistance at 25,00 is postponed.

As for the Hourly chart, there is the downtrend here as the MA-channel goes downwards and the price is below the MA55. We advise to avoid short trades at the moment as the price is close to the lower side of the MA-channel.


Official site: http://www.adamantfinance.com

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Technical Outlook July 22, 2016


EURUSD

22_07_2016_eur.jpg

 
There were sharp fluctuations in EUR/USD during yesterday’s ECB meetings and Mario Draghi press-conference. European Central Bank Committee decided to leave current monetary policy unchanged as we expected. However, ECB members plan to increase stimulation volume on September. You could open short trades from 1,1040 according to our recommendations. You had some opportunities to protect your positions as well. Today we advise to pay attention to Eurozone and US PMIs.

There is the downtrend on the Weekly chart as the price is below the MA55. EUR/USD prepares to make another downside momentum. We expect this to happen this week.

As for the Hourly chart, we have no trend here as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading EUR/USD at the moment.


GBPUSD

22_07_2016_gbp.jpg


GBP/USD fluctuated in different directions and went down during European session due to weak Retail Sales data in the United Kingdom. You had an opportunity to open short trades from the trendline on the Hourly chart. GBP/USD made a 700 points’ downside momentum. We can state some changes in trend on the Hourly chart. There is a breakthrough of the descending trendline. Today we advise to pay attention to UK and US PMIs.

There is the downtrend on the Weekly chart as the price is below the MA55. We think, that the upside correction is done already. 

As for the Hourly chart, we can state the uptrend here as the MA-channel goes upwards and the price is above the MA55. You may try long positions. However, it is better to wait until the breakthrough is confirmed.

 
AUDUSD

22_07_2016_aud.jpg


AUD/USD made no attempts to cross the trendline on the Hourly chart yesterday. You could open short trades from the MA55 with stops at 250 points from the price. Those trades give some results today in the morning. It is time to protect your positions. Today we expect the attempts to break through the trendline. 

There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD declined in the final minutes of Friday and closed last week below the trendline. The Currency pair may resume the downtrend.

AS for the Hourly chart, we may see here the downtrend as the MA-channel looks downwards and the price is below the MA55. We advise to hold short trades from the MA55 aiming 0,7435 and 0,7405. 

 
USDCHF

22_07_2016_chf.jpg

 
USD/CHF rebounded from the trendline on the Hourly chart. If you entered long trades, you could take about 400 points as profit. You could also protect your positions before the ECB meeting results. Today we expect a breakthrough of the trendline on the Hourly chart. However, there is still no confirmation.

We can see the uptrend on the Weekly chart as the price is above the MA55. This upside tendency is still weak and requires confirmation. 

As for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price isclose to the MA55. It is better to do nothing today. 


Official site: http://www.adamantfinance.com


Gold/Silver Technical Outlook July 22, 2016


GOLD (XAUUSD)

22_07_2016_gold.jpg

 
Gold failed to decline towards expected levels and all short trades closed at breakeven. However, we had an opportunity to take some profit. Investors fix short trades after ECB declared its readiness to act on September. Those events influenced price growth. The situation is still unclear and we advise to avoid trading today.

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD failed to break through the descending trendline and may continue to decline. 

We may state no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We advise to stay off the market today.

 
SILVER (XAGUSD)

22_07_2016_silver.jpg

 
Current situation with XAG/USD is the same. This pair returned all lost positions. We expect the price to resume growth at the moment. However, the situation is still unclear.

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD growth to 25,00 is still postponed.

AS for the Hourly chart, there is the downtrend here as the MA-channel goes downwards although the price is above the MA55. We advise to avoid trading today.


Official site: http://www.adamantfinance.com

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Technical Outlook July 25, 2016


EURUSD

25_07_2016_eur.jpg

 

EUR/USD reached month lows on another set of strong US data. The probability of interest rates growth becomes higher with every new positive economic statistics. Eurozone PMIs showed minimum impact from Brexit to Eurozone economics. However, we did not seen any growth in EUR/USD. Presently, investors pay attention to forthcoming FOMC meetings which takes place this week. The results of this event will influence EUR/USD fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55. EUR/USD may continue to decline this week if FOMC forecasts interest rates growth this year.

There is the downtrend on the Hourly chart as well as the MA-channel goes downwards and the price is below the MA55. It better to avoid trading EUR/USD at the moment as the price is far from the MA55.

 

GBPUSD

25_07_2016_gbp.jpg

 

GBP/USD did not confirm the breakthrough of the trendline in a sharp manner. There are two main reasons for this: first, those attempts were made during Asian session; second, there was no correction to the broken trendline. GBP/USD broke through this trendline again in the opposite direction. UK PMI data, published on Friday, was negative. 

There is the downtrend on the Weekly chart as the price is below the MA55. We expect the downside tendency to resume this week.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. Today GBP/USD may trade within a range.

 

AUDUSD

25_07_2016_aud.jpg

 

AUD/USD slides down and breaks through the trendline. The price is below the trendline at the moment and is close to the MA55. This is a good opportunity to open short trades with low risks.

There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD declined and we expect that this downside tendency may continue this week.

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is close to the MA55. We advise to hold short trades from the MA55. Targets are at 0.7435 and 0.7405. Those who failed to open short trades from the MA55, may try to do it at the moment, placing stop at 0,7490.

 

USDCHF

25_07_2016_chf.jpg

 

USD/CHF broke through the trendline, although it was not legible as the Currency pair is in flat at the moment. We advise to change the position of the trendline according to new market conditions. We advise to skip such breakthrough as there is no clear trend on the chart.

There is the uptrend on the Weekly chart as the price is above the MA55. We expect this tendency to continue this week.

As for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today.

Official website: http://www.adamantfinance.com


Gold/Silver Technical Outlook July 25, 2016


GOLD (XAUUSD)

25_07_2016_gold.jpg

 

XAU/USD declined again and is trading within the triangle at the moment. There is a probability to break through the lower side of the triangle. We expect the price to continue trading withing this range during the next couple of days (until Wednesday, when the results of FOMC meetings are published). Investors are bullish as they think interest rates in the USA may be increased this year. At the moment about 50% of market participants expect FOMC to raise rates in December (or before the last month of the year).

There is the uptrend on the Weekly chart as the price is above the MA55. FOMC decision and forecasts may significantly influence quotes fluctuations.

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

 

SILVER (XAGUSD)

25_07_2016_silver.jpg

 

Silver price is also within a range and may stay here for the next couple of days before the FOMC meetings. Further fluctuations depend on results of this event. 

There is the uptrend on the Weekly chart as the price is above the MA55. XAG/USD may decline this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. We advise to avoid trading today as we expect no trend during the next 24 hours.

Official website: http://www.adamantfinance.com

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Technical Outlook July 26, 2016


EURUSD

26_07_2016_eur.jpg

 

EUR/USD “is waiting” for the results of the FOMC meetings which are to be published tomorrow. The price is in a correction. We think that there is probability of range trading before the event. Yesterday’s positive Ifo data helped EUR/USD to gain some positions. US data that is to be published today, will probably have almost no influence on fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55. EUR/USD may continue to slide down this week if FOMC members forecast a probability of rates growth within this year. 

As for the Hourly chart, there is the downtrend here as well as the MA-channel goes downwards and the price is below the MA55. EUR/USD is close to the MA55 which is favorable for short trades. However, the upcoming events may limit fluctuations this week.

 

GBPUSD

26_07_2016_gbp.jpg

 

GBP/USD was in a tight range on Monday awaiting for the results of the FOMC meetings. Today we expect this dynamics to continue. There is a triangle on the chart. We think that GBP/USD’s fluctuations are to develop within the sides of this pattern.

There is the downtrend on the Weekly chart as the price is below the MA55. We expect GBP/USD to continue its downside tendency this week. 

As for the Hourly chart, there is the downtrend here as well as the MA-channel goes downwards and the price is below the MA55. GBP/USD may continue to trade within the triangle that we have mentioned above.

 

AUDUSD

26_07_2016_aud.jpg

 

AUD/USD continues its ascending correction along the trendline. All short positions were unsuccessful as the correction went on. However, those trades were with low risks. Those fluctuations are influenced by the upcoming FOMC meetings.

There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD declined and we expect it to go down further this week.

As for the Hourly chart, there is the downtrend here as the MA-channel looks downwards and the price is close to the MA55. We advise to avoid trading at the moment.

 

USDCHF

26_07_2016_chf.jpg

 

USD/CHF continues to trade within a tight range. Current tendency seems to be change in the nearest future. However, USD/CHF may decline, if FOMC members decide to postpone rates growth.

There is the uptrend on the Weekly chart as the price is above the MA55. We expect the uptrend to continue this week.

As for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today.

Official website: www.adamantfinance.com


Gold/Silver Technical Outlook July 26, 2016


GOLD (XAUUSD)

26_07_2016_gold.jpg

 

XAU/USD continues to trade within a range. There is a probability of a downside breakthrough. However, FOMC members may avoid talking about the possibility of rates growth. In this case, Gold is to restore. Situation may develop in any way and it is very difficult to predict the results of tomorrow’s meetings.

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD continues to decline and this week’s fluctuations will depend on the FOMC members’ decisions and hints.

There is no trend on the Hourly chart aws the MA-channel is horizontal and the price is below the MA55. We advise to avoid trading today as we expect no tendency until FOMC meetings.

 

SILVER (XAGUSD)

26_07_2016_silver.jpg

 

XAG/USD indicated its range yesterday. We think that the pair will trade within for a couple of days. Further trend will be determined after the FOMC meetings, which is to take place tomorrow. We advise to avoid trading at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USd to decline this week. 

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today as we expect no tendency until the results of the FOMC meetings are published.

Official website: www.adamantfinance.com


 

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Technical Outlook July 27, 2016


EURUSD

27_07_2016_eur.jpg

 

EUR/USD fluctuated in both directions yesterday and there were almost no changes by the end of the session. The market now is waiting for the main event of the week (FOMC meetings), which results are to be published today. We expect EUR/USD to trade within a limited range until this moment.

There is the downtrend on the Weekly as the price is below the MA55. EUR/USD may continue to decline this week if FOMC members make some hints on the Interest rates rise this year. 

AS for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today.

 

GBPUSD

27_07_2016_gbp.jpg

 

GBP/USD continues to trade within a tight range waiting for the results of FOMC members decision. We expected such a dynamics. Today we expect EUR/USD to fluctuate within a triangle on the Hourly chart before the results of the FOMC meetings are published. 

There is the downtrend on the Weekly chart as the price is below the MA55. WE expect the currency pair to continue downside tendency this week.

As for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price is close to the MA55. We expect GBP/USD to fluctuate within a tight range today. However, prepare for a probable rally this after the results of FOMC meetings are published.

 

AUDUSD

27_07_2016_aud.jpg

 

There were almost no changes in AUD/USD yesterday as the ascending correction went on. Australian CPI data was published today in the morning. You may see the impact of this statistics on the chart. Figures were close to the forecast. Today we advise to pay attention to FOMC decisions and forecasts. 

There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD declined and there is a probability that the downtrend may continue this week. 

As for the Hourly chart, there is the uptrend here as the MA-channel looks upwards and the price is above the MA55. It is better to stay off the market today.

 

USDCHF

27_07_2016_chf.jpg

 

We have drawn another big triangle as USD/CHF is trading within. The currency pair made significant growth yesterday, marking new highs from June, 1st. There was no change in trend yesterday as the market waits for the FOMC meetings today. The situation may develop another way after the end of the event. We recommend staying off the market at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55. We expect the ascending tendency to continue this week.

As for the Hourly chart, there is the uptrend here as well as the MA-channel looks upwards and the price is above the MA55. It is better to avoid trading today. 

Official website: www.adamantfinance.com


Gold/Silver Technical Outlook July 27, 2016


GOLD (XAUUSD)

27_07_2016_gold.jpg

 

XAU/USD continues to trade within a range according to our expectations. Lack of dynamics is due to the fact that the market waits for the results of the FOMC meeting today. We do not give any recommendations as situation may develop in any way.

There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD decline goes on and everything depends on FOMC members decisions this week.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today as we expect no significant fluctuations until the end of the FOMC meetings.

 

SILVER (XAGUSD)

27_07_2016_silver.jpg

 

Silver continues to trade within a tight range awaiting for the results of the FOMC meetings. We will be able to give any further recommendations after the end of the event. It is better to avoid trading today as sharp fluctuations are probable.

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to decline this week.

As for the Hourly chart, there is no trend here as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading today as we expect no significant fluctuations before the end of the FOMC meetings.

Official website: www.adamantfinance.com


 

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Technical Outlook July 28, 2016

EURUSD

28_07_2016_eur.jpg

 

EUR/USD had a considerable and sharp growth after the results of the FOMC meetings were published. FED members noticed that market conditions and US economic outlook improved. Interest rates may grow this year. However investors expected more obvious hints from the FOMC members after a sequence of positive US data. Monetary policy tightening expectations for the next FOMC meetings decreased. There is an opportunity to try long trades. 

The downtrend is still developing on the Weekly chart as the price is below the MA55. FOMC hints on the probable interest rates rise were vague. We expect “bulls” to take advantage of the situation.

The situation changed on the Hourly chart as we can see the uptrend here. The MA-channel goes upwards and the price is above the MA55. We advise to open long trades in case if the price goes back to the MA55.

 

GBPUSD

28_07_2016_gbp.jpg

 

The triangle was broken upwards and there are some opportunities to trade long. FOMC members made some unclear hints on the probability of monetary policy tightening this years. In addition, British GDP growth was better than expected. There is a probability of this growth to continue for some time. 

The downtrend is still in progress on the Weekly chart as the price is below the MA55. WE expect some growth this week because of the results of the FOMC meetings.

As for the Hourly chart, there is the uptrend here as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 area or broken through trendline area. Stops may be placed below the MA55.

AUDUSD

28_07_2016_aud.jpg

 

AUD/USD did significant fluctuations during yesterday. However, it could restore all positions after the FOMC meetings and even had some growth. The currency pair continues its moderate growth this morning. We expect the upside tendency to go on. 

The uptrend on the Weekly chart is still in progress as the price is above the MA55. The FOMC meetings may have a considerable impact on AUD/USD fluctuations and we expect the rally to continue.

The MA-channel looks upwards indicating the uptrend on the Hourly chart. In addition, the price is above the MA55. We recommend opening long trades from the MA55 if AUD/USD returns back to it.

 

USDCHF

28_07_2016_chf.jpg

 

We have noticed yesterday that the situation may considerably change after the FOMC meetings. USD/CHF decreased significantly and tries to break through the trendline today in the morning on the Hourly chart. This happens during Asian session. However, things may change during the day.

The uptrend on the Weekly chart is still in progress as the price is above the MA55. USD/CHF may end this week in the negative area because of the results of the FOMC meetings.

No trend is seeing on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. It is better to avoid trading before there is no clear direction. 

Official website: www.adamantfinance.com


Gold/Silver Technical Outlook July 28, 2016

GOLD (XAUUSD)

28_07_2016_gold.jpg

 

XAU/USD had a momentum before the end of the FOMC meetings on a weak US data. There is a probability that a positive trend for US data is done and the pressure over USD may growth in the nearest future. Right after the FOMC meetings Gold resumed its growth due to vague comments of FED members. There are no changes in the current situation as the hints on the probable monetary policy changes were unclear. We recommend opening long trades on Gold.

The uptrend is still progressing on the Weekly chart as the price is above the MA55. We expect some growth of XAU/USD after FOMC decisions.

This upside tendency is relevant for the Hourly chart as well. The MA-channel goes upwards and the price is above the MA55. You may try long trades. However, the price is close to the upper side of the MA-channel increasing risks of losses.

 

SILVER (XAGUSD)

28_07_2016_silver.jpg

 

Silver had a considerable growth on weak US data and the results of the FOMC meetings. We advise to open long trades after downside corrections.

The uptrend is still progressing on the Weekly chart as the price is above the MA55. We expect some growth after yesterday’s event. 

The upside tendency is relevant for the Hourly chart as well as the MA-channel goes upwards and the price is above the MA55. You may try long trades. However, the price is close to the upper side of the MA-channel, increasing risks of losses.

Official website: www.adamantfinance.com


 

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Technical Outlook August 1, 2016

EURUSD

01_08_2016_eur.jpg

 

EUR/USD continued its growth on Friday without reaching the MA55 balance line. There was almost no opportunity to enter long trades. USD lost its positions after a weak Prelim GDP data (2nd quarter). This data will surely have a significant impact on the future FOMC members decisions. USD is under pressure at the moment. Today we advise to pay attention to Eurozone and US manufacturing PMIs. 

There is no trend on the Weekly chart as the price is fluctuating around the MA55. We have seen a considerable growth last week and the currency pair may have positive dynamics during next five days. 

The uptrend is still in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading at the moment as the price is close to the upper side of the MA-channel.

 

GBPUSD

01_08_2016_gbp.jpg

 

GBP/USD resumed growth offering an opportunity to open long trades from the MA55 for those who did not do it previously. US data had a considerable impact on GBP/USD on Friday which resulted in a 1300 points rally from the MA55. Today we advise to pay attention to UK and US manufacturing PMI data.

There is the downtrend on the Weekly chart as the price is below the MA55. We expect some attempts to grow after negative US Prelim GDP data, published on Friday.

The uptrend is established on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55.

AUDUSD

01_08_2016_aud.jpg

 

AUD/USD traded in both direction in the first half of last Friday. However, it rallied during American session because of the negative US Prelim GDP Q/Q data. There was an opportunity to enter long trades from the MA55. The potential of those trades was about 1000 points. In addition, today’s strong Australian data offers some more opportunities for AUD/USD to resume growth.

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair crossed the trendline and closed last week above it. AUD/USD may resume its growth this week.

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

 

USDCHF

01_08_2016_chf.jpg

 

USD/CHF is in downtrend at the moment and the tendency is progressing. There is no opportunity to open trades as the price is close to the lower side of the MA-channel. Today USD/CHF may restore and gain back some positions.

The downtrend is in progress on the Weekly chart as the price is below the MA55. USD is under pressure and USD/CHF may continue to decline during the current week.

There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. It is better to avoid trading today. 

Official website: http://www.adamantfinance.com


Gold/Silver Technical Outlook August 1 , 2016

GOLD (XAUUSD)

01_08_2016_gold.jpg

We gave a recommendation to buy from the trendline on Friday. However, the price went back from the MA55. There was no opportunity to enter a trade. Weak US Prelim GDP data may influence further XAU/USD growth as the probability of interest rates growth this year decreased.

There is the uptrend on the Weekly chart as the price is above the MA55. USD is under pressure right now and gold may continue to grow this week.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55 area. 

SILVER (XAGUSD)

01_08_2016_silver.jpg

Silver is in the same situation. We gave recommendations to open long trades from the trendline. The price did not reach that area. XAG/USD established new highs today in the morning. The growth may resume and we advise to open long trade only.

There is the uptrend on the Weekly chart as the price is above the MA55. USD is under the pressure now and we consider further growth of XAG/USD.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. You may try long trades from the MA55 area.

Official website: http://www.adamantfinance.com/

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Technical Outlook August 3, 2016

EURUSD

03_08_2016_eur.jpg

 

EUR/USD broke through a month high as we expected. The horizontal level was crossed. You had an opportunity to open long positions according to our recommendations from the MA55 area although this curve was a bit far from the price. Today we expect EUR/USD to continue its growth. Pay attention to the US and Eurozone Services PMIs.

The neutral trend is still in progress on the Weekly chart as the price is fluctuating around the MA55. EUR/USD closed last week with a strong growth. We expect it to continue this upside tendency this week.

The Hourly chart shows the uptrend as the MA-channel goes upwards and the price is above the MA55. We advise to open long trades from the MA55 area.

 

GBPUSD

03_08_2016_gbp.jpg

 

GBP/USD had a growth after an unexpected strong UK construction PMI data. Experts forecasted a great decline. This data may have a significant impact on the Bank of England decision on Thursday during meetings. This Body is expected to cut rates. The situation is still unclear and we advise to avoid trading on the eve of the Bank of England meetings.

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD may do some attempts to grow after weak Fridays US Labor Market data.

We still see the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading at the moment as tomorrow the Bank of England is to take an important decision.

AUDUSD

03_08_2016_aud.jpg

 

AUD/USD declined for 500 points after the decision of the Reserve Bank of Australia to cut rates. However, the currency pair gained back its lost positions and went on to grow. The total amount of this rally was about 1000 points. We gave you advises to buy AUD/USD. Today the currency pair stopped to grow according to technical indicators.

There is the uptrend on the Weekly chart as the price is above the MA55. AUD/USD crossed the trendline and closed above it last week. We expect it to grow this week. 

The trend is neutral on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading.

 

USDCHF

03_08_2016_chf.jpg

 

USD/CHF traded with a decline after a weak Swiss data. Retail sales showed a large decline and PMI indicates a slowdown. There were some opportunities to enter short trades from the MA55, although the price was rather far from the curve. You may try short trades from the MA55 area today.

There is the downtrend on the Weekly chart as the price is below the MA55. USD/CHF ended last week in the negative zone and USD may continue to go down this week.

USD/CHF is in the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. We advise to open short trades from the curve. 

Official website: http://www.adamantfinance.com


Gold/Silver Technical Outlook August 3, 2016

GOLD (XAUUSD)

03_08_2016_gold.jpg

Yesterday’s long trades from the MA55 were successful. Today the price is too far from the balance line that is why we advise to avoid trading. Those who had a chance to open long trades yesterday, may partially fix their positions and place stops at breakeven. We expect XAU/USD to grow up to 1375.

There is the uptrend on the Weekly chart as the price is above the MA55. Some factors exert pressure on USD and we expect Gold to continue its growth.

The situation on the Hourly chart is the same as there is the uptrend. The MA-channel goes upwards and the price is above the MA55. We advise to hold your long trades. 

SILVER (XAGUSD)

03_08_2016_silver.jpg

Siler is in the uptrend and you could open long trades this moment and enjoy profit. We advise to partially fix your trades and protect the rest. Today’s US data may surprise. That is why we recommend taking part of your profit. 

The situation on the Weekly chart is clear as we have the uptrend. The price is above the MA55. Some factors exert pressure on USD and we expect Silver to continue its growth.

There is the uptrend on the Hourly chart as well as the MA-channel goes upwards and the price is above the MA55. We advise to hold your long trades.


Official website: http://www.adamantfinance.com/

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Technical Outlook August 4, 2016

EURUSD

04_08_2016_eur.jpg

 

EUR/USD declined to the MA55 during European session offering opportunities to enter long trades. However, the rally was short. You had an opportunity to protect your trades. US PMI and ADP non farm payrolls were better than expected, providing USD with additional support. Finally, USD gained some positions against EUR and CHF. Other currency pairs traded in a tight range. Today We advise to pay attention to GBP.

The neutral trend is progressing on the Weekly chart as the price is moving around the MA55. There was a strong growth in the end of the last week and the upside tendency may continue 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 We advise to avoid trading today as the price is far from the balance line

 

GBPUSD

04_08_2016_gbp.jpg

 

GBP/USD was in a tight range during yesterday’s sessions awaiting for today’s Bank of England meetings. Investors expect the BOA to cut rates. This fact may evoke another downtrend. We advise to avoid trading before the Monetary Policy Committee pronounces its decision.

There is the downtrend on the Weekly chart as the price is below the MA55. There is a probability of growth after Friday’s US Labor Market data.

Bulls are dominating on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. It is better to avoid trading before the MPC pronounces its decision.

AUDUSD

04_08_2016_aud.jpg

 

AUD/USD was in a tight range yesterday awaiting for some important events. Today in the morning the Bulls tried to dominate the market and they were able to gain some positions on the Australian Retail sales data although it was worse than expected. This upside momentum may be the last one before a downtrend although technical indicators still show the probability of further growth.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. The currency pair crossed the trendline and closed the last week above it. We expect the growth to continue this week.

The Bulls are also dominating on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. The situation is unclear and we advise to avoid trading today.

 

USDCHF

04_08_2016_chf.jpg

 

USD/CHF was in the uptrend during the whole week. We recommended short trades and they were unsuccessful. Stop losses triggered. We think that at the moment a long upside correction is forming. There is one confusing factor – the distance between the MA55 balance line and the price.

There is the downtrend on the Weekly chart as the price is below the MA55. USD is under pressure after Friday’s US Labor Market data. 

The Bulls are dominating on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to avoid trading today as the price is far from the balance line. 

Official website: http://www.adamantfinance.com


Gold/Silver Technical Outlook August 4, 2016

GOLD (XAUUSD)

04_08_2016_gold.jpg

XAU/USD declined on the fears of strong US Labor Market data which is to be published on Friday. Investors fixed their profit. This resulted in a downtrend. Most of long trades seem to be closed. We expect some further price sliding during the day. According to our opinion, the price may target 1346,00 and form a range after.

There is the uptrend on the Weekly chart as the price is above the MA55. Some factors exert pressure over USD and we expect further growth of Gold prices.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is below the MA55. Yesterday’s long trades were closed at breakeven. Our advice to partially fix positions was right. Today we advise to avoid trading.

SILVER (XAGUSD)

04_08_2016_silver.jpg

Silver is under a stronger pressure than Gold. The downtrend is clear. We could advise to open short trades. However, the decline is too strong and the price reached the lower side of the MA-channel. The risk are too high.

There is the uptrend on the Weekly chart as the price is above the MA55. Some factors exert pressure on USD and we expect precious metals to grow in the upcoming couple of days. 

The Bears are dominating on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. Today we advise to avoid trading as the price is close to the lower side of the MA-channel.


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Technical Outlook August 5, 2016

EURUSD

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EUR/USD continued to trade close to the balance line offering no opportunities to enter the market. There is a probability of correction towards the MA55 today. If it happens, there will be an opportunity to open trades. However, there is another problem – today’s US Labor Market data. We do not advise to open trades on the eve of this data as there may be tight flat before it. You may try find some opportunities after this data although we are not sure it happens.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. WE have seen a strong growth in the end of the last week. Positive dynamics may continue this week.

The downtrend is in progress on the Hourly chart as the Ma-channel goes downwards and the price is below the MA55. We advise to avoid trading because of the upcoming important US Labor Market data.

 

GBPUSD

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Yesterday’s Monetary Policy decision meet our expectations as the Bank of England decided to cut rates. The central bank also announced bond buying programme. This decision was even more significant for the market as it was unexpected. This fact resulted in more profound “dive” of GBP/USD. Today the currency pair may continue to fall after the US Labor Market data.

There is the downtrend on the Weekly chart as the price is below the MA55. The currency pair may grow after Friday’s US data.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading today because of the upcoming US Labor Market data.

AUDUSD

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AUD/USD continues its moderate rally correlating with Oil growth. AUD has got support in time when other currencies are under pressure. We think that this situation is to end very soon. AUD/USD may decline on a significant upside “jump” of USD. This may happen today, e.g. on the US Labor Market data.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. AUD/USD broke through the trendline and closed list week above it. The growth may continue this week.

The Bulls are still dominating on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to avoid trading as market awaits for the important US Labor Market data.

 

USDCHF

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USD/CHF paused its growth on the eve of the important US Labor Market data. This event is the main for USD this week as it may raise expectations of Interest rates increase in USA. USD/CHF may approach to the balance line today. However, we recommend opening long trades only if US Labor Market data is better than expected.

There is the downtrend on the Weekly chart as the price is below the MA55. USD was under pressure in the end of the last week and we expect no changes in the current market situation on the Weekly.

The uptrend is in progress on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to avoid trading because of the upcoming US Labor Market data today.

Official website: http://www.adamantfinance.com


Gold/Silver Technical Outlook August 5, 2016

GOLD (XAUUSD)

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XAU/USD touched day’s lows at 1349,00 and resumed its growth after the Bank of England decision to stimulate economic growth by monetary policy easing. We expected Gold to reverse from lower points and we gave no advises. The price is currently in the Tuesday range. It may try to break the range only after the US Labor Market data. We recommend paying much attention to this event.

There is the uptrend on the Weekly chart as the price is above the MA55. Further Gold growth is probable as some factors exert pressure on USD.

The trend is neutral on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today because of the Important US Labor Market data.

SILVER (XAGUSD)

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XAG/USD declined yesterday, then reversed and reached the MA55 balance line right after the Bank of England decision. We expect the price to fluctuate close to the Balance line until the US Labor Market data which is to be published today in the evening.

The uptrend is in progress on the Weekly chart as the price is above the MA55. Some factors exert pressure on USD. We expect precious metals to continue growth.

The downtrend is clearly seen on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading as important US Labor Market data is expected.


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Technical Outlook August 8, 2016

EURUSD

08_08_2016_eur.jpg

 

EUR/USD had a sharp decline after a strong US Labor Market data. The most important driver for the USD growth was the number of new jobs created the Average Hourly Earnings. The last one is the sign of inflation growth in future. Inflation growth will make the Fed to increase interest rates which may give an additional support to the USD. The probability of interest rates growth in December increased. This fact may support USD.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. EUR/USD was close to the two trendline cross and then reversed. We expect negative dynamics this week.

The downtrend on the Hourly chart is in progress as the MA-channel goes downwards and the price is below the MA55. EUR/USD goes back to the balance line offering some opportunities to open short trades from the MA55.

 

GBPUSD

08_08_2016_gbp.jpg

 

GBP/USD continued its decline on the Friday’s US Labor Market data according to our expectations. The downtrend was progressing and you may try open short trades from the upper trendline area as the price may not reach the balance line during such a strong trend.

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD tried to grow last week. However, the tendency was broken because of the Bank of England MPC’s decision as well as the US Labor Market data.

The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from the upper trendline, placing stops above it.

AUDUSD

08_08_2016_aud.jpg

 

AUD/USD declined on the US Labor Market data according to our expectations. However, this downside tendency was limited and the currency pair may resume the uptrend. This may happen in case of better Australian stats. 

There is the uptrend on the Weekly chart as the price is above the MA55. The currency pair closed last week in the positive area. This positive dynamics may continue this week.

The uptrend is progressing on the Hourly chart as the MA-channel looks upwards although the price is below the MA55. We advise to observe fluctuations and avoid trading.

USDCHF

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USD/CHF fluctuated according to scenario on the better than expected US Labor Market data. It is better to trade this data only after publication although you may miss the chance to do it. Today we advise to wait until the price goes back to the balance line.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD growth may continue this week and we recommend opening long trades.

The uptrend is progressing on the Hurly chart as the MA-channel looks upwards and the price is above the MA55. The price goes back to the balance line allowing opening short trades from the MA55 area.

Official website: http://www.adamantfinance.com


Gold/Silver Technical Outlook August 8, 2016

GOLD (XAUUSD)

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XAU/USD had a considerable decline right after the US Labor Market data publication. Two important components (Non-farm payrolls and Average earnings) have shown better than expected results. Earnings growth may have a significant impact on the inflation and this may lead to the interest rates growth this year. Gold lost its positions. The probability of interest rates growth in December increased up to 43%. Today we expect correction.

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline may result in further decline towards 1310,00.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. It is better to avoid trading as the price is close to the lower side of the MA-channel.

SILVER (XAGUSD)

08_08_2016_silver.jpg

Silver had a considerable decline on a better than expected US Labor Market data. Today we expect some correction. However, investors are bearish towards the precious metals. We expect futher decline this week.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. We expect Silver to trade within a range 19,30-20,20.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to avoid trading as the price is close to the lower side of the MA-channel.

Official website: http://www.adamantfinance.com/

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Technical Outlook August 9, 2016

EURUSD

09_08_2016_eur.jpg

 

EUR/USD did not reach the balance line yesterday. There was no opportunity to enter short trades. It is probable that the price will approach the balance line today and there will be an opportunity to open short trades. There is no important data today. However, US stats may influence fluctuations. We expect calm trading without sharp moves.

There is no trend on the Weekly chart as the price is balancing around the MA55. Last week EUR/USD reached the cross of two trend lines and reversed downwards. We expect Bears to dominate this week.

The downtrend is progressing on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. EUR/USD goes back to the balance line. If it reaches the MA55, there will be an opportunity to sell from there.

 

GBPUSD

09_08_2016_gbp.jpg

 

GBP/USD did not get the upper trendline yesterday to allow short trades. This happened at night and then there was a 600 points rebound. We expect GBP/USD to get back to the upper trendline again. However, if it happens, it will be too risky to enter short trades. We advise to follow British data wich is to be published today.

There is the downtrend on the Weekly chart as the price is below the MA55. GBP/USD tried to grow last week. However, the Bank of England’s MPC decision and strong US Labor Market data reversed the upside tendency.

There is the downtrend on the Hourly chart as well as the MA-channel goes downwards and the price is below the MA55. We advise to sell from the upper trendline area. Place stops at 1,3030/40.

AUDUSD

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AUD/USD marked a new month’s high yesterday. The uptrend is still progressing. However, it loses strength. It is very dangerous to open long trades in such a situation. The price may reverse at any moment and lose all positions that it gained within a week.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. The currency pair closed last week in the positive area. We expect this dynamics to continue this week. 

The uptrend is clearly seen on the Hourly chart as well as the MA-channel looks upwards although the price is below the MA55. You may try to open short trades along the ascending trendline awaiting for a sharp downside momentum.

USDCHF

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USD/CHF failed to get back to the balance line and the price continues to move higher. We advise to wait until the price goes back to the MA55 balance line and to open long trades there as it is very dangerous to buy at current price. The important Swiss Labor Market data is to be published today. It may give additional support to the currency pair in case of unexpected results.

There is no trend on the Weekly chart as the price is balancing around the MA55. USD may continue to grow this week. The long positions are preferable. 

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. USD/CHF goes back to the balance line and you may try to open short trades from the MA55.

Official website: http://www.adamantfinance.com


Gold/Silver Technical Outlook August 9, 2016

GOLD (XAUUSD)

09_08_2016_gold.jpg

Gold traded in a range reaching weekly lows and failed to make an upside correction. Today we expect XAU/USD to resume its downside move. However, we advise to open short trades from the balance line area only.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. If XAU/USD fails to break through the trendline again this week, the price may fall to 1310,00.

The downtrend is clearly seen on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. We advise to open short trades from the MA55 area.

SILVER (XAGUSD)

09_08_2016_silver.jpg

Silver traded in flat yesterday. We expected some growth to the 20,00 area. Today another downside momentum is possible. However, we recommend opening shirt trades from the MA55 area only if price reaches it.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. We expect XAG/USD to trade within a 19,30-20,20 range. 

The Hourly chart shows the downtrend as the MA-channel goes downwards and the price is below the MA55. We recommend opening short trades form the MA55 area aiming 19,30.

Official website: http://www.adamantfinance.com/

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Technical Outlook August 10, 2016

EURUSD

10_08_2016_eur.jpg

 

EUR/USD rebounded from the MA55 balance line during European session. You could open short trade and even protect your positions. The currency pair reversed during American session as investors moods have changed. We have seen the growth to continue today in the morning and the currency pair moved far away from the balance line.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. We expect the growth to the trendline with further breakthrough.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading as the price is far from the balance line.

 

GBPUSD

10_08_2016_gbp.jpg

 

GBP/USD approached the upper trendline during European session and offered an opportunity to open short trades. The currency pair moved downwards then allowing you to take about 500 points. It was enough also to protect your trades and take some profit. Today GPB/USD is ready to change its mood and to go upwards. If this happens, you may try long trades. In order to do this, wait until GBP/USD crosses 1,31000.

The downtrend is still in progress on the Weekly chart as the price is below the MA55. There was some attempts to grow last week. However, the Bank of England MPC’s decision along with stronger than expected US Labor Market data supported Bears and those attempts were broken.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55. We advise to open long trades only if the price breaks through 1,31000.

AUDUSD

10_08_2016_aud.jpg

 

AUD/USD resumed growing, supported by “Allied” currency pairs. Yesterday the currency pair touched new month’s highs. Short trades orders failed to execute. Today we recommend trying to open long trades.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. AUD/USD had some difficulties previously in moving upwards. However, it closed last week in a positive area. We expect this dynamics to continue this week.

The uptrend I clearly seen on the Hourly chart as well as the MA-channel looks upwards and the price is above the MA55. We advise to enter long trades from the MA55 balance line

USDCHF

10_08_2016_chf.jpg

 

USD/CHF reached back the balance line at night only. There was no sense to enter any position. Today the current tendency may probably change, although there is the breakthrough of the trendline, confirming that the trend is already changed. We advise to open short trades today.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. USD may resume its growth and we recommend opening long trades.

There is no trend on the Hourly chart as well as the MA-channel is horizontal and the price is below the MA55. You may try short trades from the MA55 area.

Official website: http://www.adamantfinance.com


Gold/Silver Technical Outlook August 10, 2016

GOLD (XAUUSD)

10_08_2016_gold.jpg

XAU/USD reversed upwards in a sharp manner. Short trades from the MA55 were unsuccessful. We have seen a sharp change in trend and the price reached the upper side of the MA-channel. There is no opportunity to buy from the MA55 and we think today this asset is a bad idea for trading.

The uptrend is currently seen on the Weekly chart as the price is above the MA55. Another attempt to cross the trendline is in progress at the moment.

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

SILVER (XAGUSD)

10_08_2016_silver.jpg

XAG/USD had some growth as well allowing to open short trades with stops previously. The expected move towards 20,00 was done today in the morning and the price went even higher, confirming the change of tendency.

There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USD to trade within a range (19,30-20,20).

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading until the situation is clear.

Official website: http://www.adamantfinance.com/

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Technical Outlook August 11, 2016

EURUSD

11_08_2016_eur.jpg

 

EUR/USD resumed its aggressive growth yesterday, offering no opportunities to open positions. This sharp USD decline is due to productivity data, published previously. This macroeconomic indicator continues to fall since the beginning of the year. The most important US data is to be published tomorrow and we expect EUR/USD to correct after yesterday’s rally.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The currency pair may grow towards the trendline and even try to cross it.

The uptrend is in progress on the Hourly chart as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading as the price is already too far from the MA55 balance line.

 

GBPUSD

11_08_2016_gbp.jpg

 

There was no reverse of GBP/USD as the currency pair did not cross the 1,31000 level. The downtrend is in progress, although it is limited due to the weakness of USD. Today we expect GBP/USD to further decline and we advise to open short trades.

The downtrend is progressing on the Weekly chart as the price is below the MA55. GBP/USD tried to grow last week before the Bank of England meetings. However, the MPC’s decision had broken Bulls’ plans and the downtrend resumed.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We recommend opening short trades from the MA55 balance line.

AUDUSD

11_08_2016_aud.jpg

 

AUD/USD reached its Weekly chart goals and may start correction and even lose some positions in the next couple of days. The current currency pair position is good for long trades. However, it is too risky to buy at the moment as the Weekly chart goals are already done.

The uptrend is in progress on the Weekly chart as the price is above the MA55. The currency pair closed last week in the positive area. However, the situation was unclear. We expect this positive dynamics to continue this week.

There is the uptrend on the Hourly chart as the MA-channel looks upwards and the price is above the MA55. We advise to avoid trading and to follow the situation.

USDCHF

11_08_2016_chf.jpg

 

USD/CHF was unable to reach the balance line yesterday and offered no opportunities to enter short trades. The change in tendency was very aggressive and there was only not a single chance to open positions. The price is still too far from the balance line to sell. We advise to avoid trading.

There is no trend on the Weekly chart as the price is fluctuating around the MA55. The sharp change in trend on the Hourly chart tells us about a correctional nature of the whole week.

There is the downtrend on the Hourly chart as the Ma-channel looks downwards and the price is below the MA55. We advise to avoid trading today.

Official website: http://www.adamantfinance.com


Gold/Silver Technical Outlook August 11, 2016

GOLD (XAUUSD)

11_08_2016_gold.jpg

XAU/USD is unable to breakthrough new levels on the Weekly chart. Gold is not ready to resume growth. The US Retail Sales data which is to be published tomorrow may influence USD. We expect another attempts to break through the next level on the Weekly chart. There is a downside pattern on the chart today and we advise to avoid long trades.

There is the uptrend on the Weekly chart as the price is above the MA55. Another attempt to break through the trendline is in progress at the moment.

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

SILVER (XAGUSD)

11_08_2016_silver.jpg

Silver is forming a correction during this week. However the US Retail Sales data tomorrow may change the things and the price may start to grow towards new weekly highs. There is a correction at the moment and we expect no activity today.

The uptrend is still in progress on the Weekly chart as the price is above the MA55. XAG/USD may stay within the range (19,30-20,40).

The Hourly chart shows the uptrend as well as the MA-channel goes upwards and the price is above the MA55. We advise to avoid trading today.

Official website: http://www.adamantfinance.com/

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