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Daily Analysis by AdamantFinance.com

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Technical Outlook December 7, 2017

EURUSD

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The currency pair declined yesterday due to better than expected US data. ADP Non-Farm Employment Change was higher than forecasted. Market participants expect Friday’s US Labor Market to be better than expected as well. USD is likely to go higher in the nearest future. There is no important data today and we think that the volatility is likely to decline during the day.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to stay within this range for 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 positions from the MA55 balance line. Place stop losses above the indicator. 

GBPUSD

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There was no opportunity to sell GBP/USD according to our recommendations as the price failed to reach the MA55 balance line. We leave our recommendations unchanged. The currency pair is under the pressure now as USD goes upwards and we think that the volatility is going to decline before the Friday’s data.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week and even exceeded our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

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

AUDUSD

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The currency pair approached the MA55 balance line, but it was not enough to open positions. However, if you managed to sell, you had an opportunity to earn. We think that AUD/USD is likely to develop its decline, but we give no recommendations as the price is far from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated in a small range last week according to our expectations. We thinks that AUD/USD is likely to stay within the range for the next couple of days and then to leave it upwards.

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

USDCHF

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The currency pair offered an opportunity to open long positions from the broken through trend line on the Hourly chart. The total profit for those positions by now is about 500 pips. We think that USD/CHF is likely to develop its upside tendency but the volatility is likely to decline as market participants are looking forward to see the results of Friday’s US Labor Market and Average Hourly Earnings data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week downwards and then went upwards according to our expectations. We think that USD/CHF is likely to stay within this large range for the next couple of days.

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


Gold and Silver Technical Outlook December 7, 2017

GOLD(XAUUSD)

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Gold fluctuates close to the trend line on the Weekly chart. We think that XAU/USD is ready to cross it and we advise to look for short positions. A downside tendency is likely to accelerate after the breakout and you can look for larger targets. However, we think that the price is likely to stay above the trend line before the release of Friday’s data. The trend line is crucial for today. You can open short positions from it, placing stop losses above the line.
There is the uptrend on the Hourly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the trend line. 

SILVER(XAGUSD)

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Silver developed its downside tendency yesterday and our profit grew. You had an opportunity to fix positions today. It is better to avoid opening new trades as there are several important releases on Friday from the United States. The price is likely to stay within a range before those releases.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

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Technical Outlook December 8, 2017

EURUSD

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The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. You could take about 300-400 pips as profit. Market participants are likely to pay more attention to today’s US Labor Market and Average Hourly Earnings data. Experts expect those releases to be better than forecasted. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to stay within this range for the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading before the release of the US Labor Market and Average Hourly Earnings data releases. 

GBPUSD

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The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. You could take about 800 pips as profit. Later, GBP/USD reversed sharply and went upwards. There are some news on Brexit that give additional support to GBP. However, this upside tendency is unstable as there is still no final decision on Brexit negotiations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open positions only after the release of the US Labor Market and Average Hourly Earnings data releases.

AUDUSD

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The currency pair developed its downside tendency according to our expectations. We gave no recommendations yesterday as the price was far from the MA55 balance line and is still there currently. We advise to avoid trading today as there is a probability of sharp fluctuations and the price is unstable.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a small range last week according to our expectations. We think that AUD/USD is likely to stay within this range for the next couple of days. We also expect AUD/USD to leave this range in the upside direction later.

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

USDCHF

4140b965d8d7873fef5612583d27b6ee.jpg

There was no opportunity to sell the currency pair as the price failed to reach the MA55 balance line yesterday. It is better to avoid trading today as there is important US Labor Market and Average Hourly Earnings data on the way. Those releases are likely to increase volatility.

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

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


Gold and Silver Technical Outlook December 8, 2017

GOLD(XAUUSD)

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Gold accelerated its downside tendency after the price has broken through the trend line on the Weekly chart. There was no corrections yesterday. There was almost no opportunities to sell as the price failed to return to the trend line. If you risked to open short positions during the Asian session, you had an opportunity to earn. There is an important US Labor Market and Average Hourly Earnings data today and we expect the price to increase its volatility.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

SILVER(XAGUSD)

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Silver accelerated its downside tendency as Gold has broken through an important level. We had some doubts, but there is a confirmation and XAG/USD accelerated its downside tendency. There are several important events including US Labor Market and Average Hourly Earnings data releases today and we expect sharp fluctuations.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

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Technical Outlook December 11, 2017

EURUSD

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The currency pair fluctuated in both directions on Friday as the US data was mixed. The Labor Market data met the expectations but the Michigan University data was disappointing. USD went slightly downwards. Investors are going to pay more attention to the Federal Open Market Committee meeting, which is scheduled for Wednesday. Market participants expect the FOMC to hike Interest Rates for 25 basis points. They are going also to pay attention to the FOMC members comments on future monetary policy decisions as this 25 basis points Interest hike is already in the price.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. We advise to avoid trading today and to monitor the situation as there is a probability of a reverse. 

GBPUSD

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The currency pair unexpected fluctuations due to the Brexit news, coming on Friday. However, GBP/USD declined for the whole day and reached the weekly lows. GBP was the single currency, which failed to grow as compared to USD on Friday. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. GBP/USD fluctuated in a wide range last week according to our expectations. We think that the currency pair is likely to develop its downside tendency in the next couple of days.

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

AUDUSD

5844f4ed62d46ed9b6c9b879c0ee2235.jpg

The currency pair fluctuated modestly after the US Labor Market and Average Hourly Earnings data release. There are some important releases in Australia this week and we expect AUD/USD to have significant fluctuations. We think that the currency pair is ready to reverse. However, AUD/USD may also have a correction after a significant decline last week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and has broken through the trend line on the Weekly chart. We think that AUD/USD is likely to develop its downside tendency in the next couple of days.

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

USDCHF

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The currency pair is likely to start a correction in the nearest future after a significant growth last week We think that USD/CHF is going to decline in the first days of the week. The currency pair reacted modestly on Friday’s US Labor Market and Average Hourly Earnings data. We think that USD/CHF is likely to reverse its tendency today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week and has broken through the trend line on the Hourly chart. We think that USD/CHF is likely to develop its upside tendency in the next couple of days.

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


Gold and Silver Technical Outlook December 11, 2017

GOLD(XAUUSD)

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Gold had sharp fluctuations after the release of the US Labor Market and Average Hourly Earnings data. We gave no recommendations and we were right as there were few chances to earn something. The main event for this week is the Federal Open Market Committee Meeting, which takes place on Wednesday. Market participants expect Fed to hike rates again this year, but the also are going to pay attention to the FOMC members comments on future monetary policy prospects.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD I likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line or from the trend line. Place stop losses above the indicators. 

SILVER(XAGUSD)

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Silver started a correction today as it went downwards significantly last week. We advise to wait until this correction ends. We think that this correction is likely to continue until Wednesday, when the Federal Open Market Committee is going to pronounce their decision and give their comments.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

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Technical Outlook December 12, 2017

EURUSD

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The currency pair failed to reverse and now EUR/USD fluctuates with no clear bias. We think that market participants will be cautious on the eve of the Federal Open Market Committee meeting. Investors are waiting for the results of this meeting and are looking forward to hear something about future monetary policy plans. We think that the currency pair is likely to stay within a limited range before the FOMC meeting. Today market participants may pay attention to Eurozone CPI and US PPI data. Those figures may increase volatility.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD

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The currency pair declined yesterday and stopped close to the weekly lows. GBP/USD is likely to breakout those lows and develop its downside tendency, but we think that investors will be cautious on the eve of the Federal Open Market Committee meeting. We expect GBP/USD to start an upside correction today.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a wide range last week. We think that GBP/USD is likely to develop its downside tendency in the next couple of days.

AUDUSD

56159f89459140065ae9441c50e8e8c6.jpg

The currency pair had modest fluctuation today as important Australian data was released. This data was worse than expected, but indicates on positive prospect of the Australian business. We think that AUD/USD is likely to go upwards today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week according to our expectations and confirmed the breakout of a trend line. We think that AUD/USD is likely to develop its downside tendency in the next couple of days.

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

USDCHF

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The currency pair declined modestly according to our expectations. We think that USD/CHF is likely to develop this dynamics today. There is important Eurozone CPI data today, which is able to influence USD/CHF as well. However, we think that the currency pair is likely to have a downside correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside tendency last week and has broken through the trend line on the Hourly chart. We think that USD/CHF is likely to develop its growth towards the trend line in the next couple of days.

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


Gold and Silver Technical Outlook December 12, 2017

GOLD(XAUUSD)

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 Gold offered and opportunity to open short positions according to our recommendations. There was almost no price retracement and the profit reached 1000 pips. You had an opportunity to take it without any difficulties. XAU/USD breakout weekly lows and we think there is a probability of further decline in the nearest future. However, we advise to pay attention to tomorrows Federal Open Market Committee meeting which is able to change the situation.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD declined last week according to our expectations. We think that Gold is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

SILVER(XAGUSD)

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Silver still forms a correction according to our expectations. This correction is likely to be until Wednesday when the Federal Open Market Committee is going to announce their monetary policy decision. It is better to do nothing now.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

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Technical Outlook December 13, 2017

EURUSD

b2dc03a6b121ccc0508d262c0d949f76.jpg

The currency pair declined during the American session as the US PPI data was better than expected. Producer inflation has shown acceleration of its growth. There is a Consumer Price Index release today which is also able to accelerate USD’s growth in case if it is better than forecasted. However, the main event for today is the Federal Open Market Committee meeting as the FED members are going to take important decisions and to announce future monetary policy prospects. Market participants are going to pay attention to this event.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD

83c3839d6b4c4d0266ccdc730f924211.jpg

The currency pair declined yesterday, but this downside tendency was limited. GBP/USD established new lows and we think that the currency pair is likely to have a new downside momentum. We advise to pay attention to today’s Federal Open Market Committee meeting results and to the FED members’ comments as they may influence the volatility growth.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a wide range last week according to our expectations. We think that GBP/USD is likely to go 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 avoid trading today as the situation is unclear.

AUDUSD

4a26e4c9822d993cd227c3fe99f64021.jpg

The currency pair went upwards according to our expectations. The Australian data was better than expected and we think that AUD/USD is likely to develop its upside tendency in the nearest future. However, everything depends on the results of the Federal Open Market Committee meeting which takes place today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week and has broken through the trend line according to our expectations. We think that AUD/USD is likely to develop this downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA5 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

16d153e488c43dc9795f733bb60deaa9.jpg

The currency pair went in both directions yesterday showing intensions to decline according to our expectations. Market participants are going to pay attention to today’s US CPI data as well as to the Federal Open Market Committee meeting results and announcements.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week. We think that USD/CHF is likely to develop its upside tendency towards the trend line on the weekly chart in the next couple of days.

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


Gold and Silver Technical Outlook December 13, 2017

GOLD(XAUUSD)

238dfd11b48474956875470bbf69bfe3.jpg

Gold offered an opportunity to open short positions from the MA55 balance line. You could earn about 900 pips without any difficulties. The price established new weekly lows. Market participants are going to pay particular attention to today’s US Consumer Price Index data, which is able to increase volatility. However, the most important event for today is the Federal Open Market Committee meeting and the Fed members’ decision on Monetary policy. 
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

SILVER(XAGUSD)

e625bde2ae85db6d5c51eddd956c51d8.jpg

Silver developed its correction yesterday according to our expectations. WE think that the situation remains unchanged before the announce of the results of the Federal Open Market Committee meeting. It is better to do nothing today.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to decline in the next couple of days.

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

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Gold and Silver Technical Outlook December 14, 2017

GOLD(XAUUSD)

2321d0b81f5b809ddfc0d742b303b6bc.jpg

 Gold went upwards after the US Consumer Price Index data, which was weaker than expected. XAU/USD resumed its upside tendency later after the release of the results of the Federal Open Market Committee meeting, as the Interest Rate was hiked for 25 basis points, but two Federal Open Market Committee member voted against the hike. As for the Fed forecasts, the only positive fact is that the FOMC expects GDP’s growth next year. FOMC member wish to hike rates thrice next year. Market participants expected more aggressive forecasts. XAU/USD went upwards finally. 
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold develop its downside tendency last week according to our expectations. We think that XAU/USD is likely to decline in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to open long trades from the MA13. Place stop losses below the indicator. Those trades are of high risks.

SILVER(XAGUSD)

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Silver reached the upper side of the MA-channel after the end of the Federal Open Market Committee meeting. It is better to do nothing now, as the correction is possible.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that is likely to develop its downside tendency in the next couple of days.

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

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Technical Outlook December 15, 2017

EURUSD

0f8f2e3e4f68aefab7b287193e193712.jpg

The currency pair offered an opportunity to open long positions from the MA13 according to our recommendations. There was a retracement but it was small and you had a chance to earn about 400 pips. It was enough to fix all your trades or to protect them by moving the stop loss at breakeven level. There is almost no important releases today and we think that EUR/USD is going to have low volatility.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD

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The currency pair offered an opportunity to open long positions according to our recommendations from the MA13. It happened during the Asian session. The eventual profit is about 450 pips. It is enough to fix positions or to protect trades by moving stop losses at breakeven level. There was no clear directions yesterday, but we can see an upside tendency on the hourly chart.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a wide range last week according to our expectations. We think that GBP/USD is likely to develop its downside tendency in the next couple of days.

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

AUDUSD

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The currency pair was overbought yesterday and stood in a neutral position for the rest of the day. However, we can see that AUD/USD is in the uptrend now. There are no opportunities to open long positions as the price did not retrace enough. We advise to do nothing today.

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

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

USDCHF

a2ab745d802ed09538a45bdffca8bc41.jpg

The currency pair retraced towards the MA55 balance line during its downside tendency and we think there is a good opportunity to open short positions. There is no important data today and we think that the target should be close.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week and crossed the trend line on the Hourly chart. We think that USD/CHF is likely to develop its upside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short positions from 0,98900. Stop losses should be place above this level.


Gold and Silver Technical Outlook December 15, 2017

GOLD(XAUUSD)

a215f8a77329044fc5f13c273ed3c929.jpg

Gold offered an opportunity to open long positions from the MA13 according to our recommendations. There was a chance to take 2,5USD. It was enough to fix trades or to protect them. Those positions were risky. Later, Gold started to correct. XAU/USD established an upside tendency and we think that Gold is likely to develop its uptrend in the nearest future.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD declined last week according to our expectations. We think that Gold is likely to develop its downside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long positions form the MA55 balance line area. Place stop losses below the indicator. 

SILVER(XAGUSD)

de1eaf8e5e104afe351c62fd0479fca8.jpg

Silver corrected yesterday and stopped close to the MA55 balance line. It is a good sign for further growth and we think you can open long positions from the MA55 balance line. There are few reasons for XAG/USD to resume its upside tendency, and we advise to look for close targets.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to decline in the next couple of days.

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

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Technical Outlook December 19, 2017

EURUSD
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The currency pair went upwards yesterday. However, we think that the price is likely to resume its downside tendency as the amendments to the tax legislation in the United States may be adopted this year. We advise to pay attention to German Ifo data, which is likely to meet experts forecasts. We expect no volatility increase in this case. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week but went downwards on Friday. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD
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The currency pair went upwards yesterday as the UK data was better than expected. However, the trend looks downwards and we think you can look for short positions. We advise to look for close targets as there is no important data today and the volatility is likely to be low.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that GBP/USD is likely to develop its downside tendency in the next couple of days.

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

AUDUSD
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The currency pair is in correction now but it went upwards yesterday. However, we think that AUD/USD is likely to decline today and we expect this to happen. There is no tendency currently and we give no recommendations. We advise to open short positions, but they will be risky.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair went upwards last week frustrating our expectations. We think that AUD/USD is likely resume its downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

USDCHF
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The currency pair still tries to rebuild its tendency and is in the neutral position currently. We give no recommendations in this situation. We think that you can look for long positions when there is a clear upside tendency. We expect USD/CHF to establish the uptrend tomorrow.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair fluctuated in both directions last week according to our expectations. We think that USD/CHF is likely to resume its upside tendency towards the trend line in the next couple of days.

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


Gold and Silver Technical Outlook December 19, 2017

GOLD(XAUUSD)
d64d4a77f9c98ea14a0e7083d170c977.jpg

Gold continued its upside tendency yesterday as USD went downwards. We expected XAU/USD to stop its upside tendency, but it did not happened. There is the uptrend now and we advise to pay attention to today’s US data, which is likely to have a positive influence on the USD. 
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold went downwards last week according to our expectations, nut then went upwards. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

SILVER(XAGUSD)
f99d976b576f1b9b625b305e136c8540.jpg

Silver developed its upside tendency yesterday. There is the uptrend currently and you can try to open positions according to the current situation. There is an opportunity to open long positions from the MA55 balance line.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to resume its downside tendency in the next couple of days.

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

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Technical Outlook December 20, 2017

EURUSD
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The currency pair went upwards yesterday what is surprising as the other currency pairs remained without clear direction. Ifo data has met the expectations, but it is on the highest level for the past 60 years. We think that this is the main reason for EUR/USD to go upwards yesterday. There is no many releases today and we think that the currency pair is likely to stay within a limited range or to develop its upside tendency. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week but closed Friday’s session below the opening level according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD
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The currency pair fluctuate in both directions as there was no important releases yesterday. We think that today the situation will be the same as there is no important releases to follow. We expect GBP/USD to stay within a limited range for the whole day. There is no trend currently 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 declined last week according to our recommendations. We think that GBP/USD is likely to develop its downside tendency in the next couple of days.

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

AUDUSD
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The currency pair fluctuated within a limited range yesterday around the MA55 balance line. If you opened risky trades, they brought no profit. There is no trend currently and we give no recommendations today. We advise to monitor the currency pair’s fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair went upwards sharply last week frustrating our expectations. We think that AUD/USD is likely to resume its upside tendency in the next couple of days.

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

USDCHF
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The currency pair failed to rebuild its tendency and resumed its decline. We think that USD/CHF is likely to develop its downside tendency in the nearest future. We advise to open short positions from the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair fluctuate in both directions last week frustrating our expectations. We think that USD/CHF is likely to resume its upside tendency aiming the trend line on the Weekly chart.

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 positions from the MA55 balance line. Place stop losses above the indicator.


Gold and Silver Technical Outlook December 20, 2017

GOLD(XAUUSD)
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Gold developed its upside tendency yesterday but the growth was limited. Strong US data had almost no influence on XAU/USD. However, Gold declined moderately. We think that XAU/USD is likely to establish a range today as there are no reasons to grow or decline.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations and then returned to its previous positions. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
 
SILVER(XAGUSD)
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Silver offered an opportunity to open long positions from the MA55 balance line according to our recommendations, but there was no significant profit and we advise to close positions as they are now. We think that Silver is going to establish a range without a clear direction.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to resume its downside tendency in the next couple of days.

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

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Technical Outlook December 21, 2017

EURUSD
dd72316f5433cf85ce774421b762a2f2.jpg

 The currency pair went upwards yesterday while the other currency pairs fluctuated with no direction. The market activity declines step-by-step as the Christmas holidays approach. Currency market lacks of liquidity. As for the important data, we advise to pay attention to today’s US releases. They are able to increase volatility during the American session.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week but declined by the end of Friday’s session according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD
ceee96c9a6146ee1d25057bcb1f2ef6f.jpg

The currency pair fluctuated in a rather limited range of 600 pips, which is not enough for the currency pair. GBP/USD shows low volatility as Christmas holidays approach. We do not think that today’s US data is able to increase volatility. There is no trend currently and we advise to avoid trading today.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that GBP/USD is likely to develop its downside tendency in the next couple pf days.

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

AUDUSD
6edc1cef5a4f5460ca64ab60170e810c.jpg

The currency pair fluctuated in a limited range yesterday and was close to the MA55 balance line. Market activity was low as Christmas holidays approach. There is no trend currently as you can see it on the chart and we give no recommendations in this situation. We advise to monitor the currency pair without taking any decision.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair went upwards sharply last week frustrating our expectations. We think that AUD/USD is likely to resume its downside tendency in the next couple of days.

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

USDCHF
f1951f186495389edbd257dabb8260dc.jpg

The currency pair fluctuated in a limited range and was close to the MA55 balance line yesterday. Short positions closed by a stop loss. There is no trend today and we give no recommendations in this situation. We advise to monitor the currency pair without taking any decisions.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair fluctuated in both directions last week according to our expectations. We think that USD/CHF is likely to resume its upside tendency aiming the trend line on the Weekly chart.

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


Gold and Silver Technical Outlook December 21, 2017

GOLD(XAUUSD)
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Gold developed its upside tendency but its growth was limited as Christmas holidays approach. The amendments to the tax legislation was adopted completely and now Trump has to sign it. This is the first significant victory of the current US President, but investors seems to pay less attention to this event. The majority of market participants are looking forward to start their holidays and the liquidity is low. 
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations and then went upwards. WE think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER(XAGUSD)
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Silver established a tight upside channel and we think that XAG/USD is likely to develop this pattern in the nearest future. The volumes are low and the price is likely to stay within the range. We give no recommendations today as the volatility is low and is going to decrease again on the eve of Christmas holidays.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to resume its downside tendency in the next couple of days.

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

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Technical Outlook December 22, 2017

EURUSD
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The currency pair started a correction after a continuous growth, that EUR/USD had this week. Today is the last day on the eve of the Christmas holidays. We think that market activity is likely to fall today. WE advise to do nothing as there is no tendency currently. We give no recommendations as it is better to wait until the volatility grows. There are no important news and events in addition.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went in both directions last week and closed its Friday’s session below the opening levels according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days. 
There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD
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The currency pair still fluctuates with no trend within the limited range. Yesterday’s US data was unable to shake the markets as GBP/USD has low volatility. There are no events today and we are on the eve of Christmas holidays. There is no trend currently and we advise to avoid trading today.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week after fluctuations in both directions last week. We think that GBP/USD is likely to develop its downside tendency in the next couple of days.

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

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

AUDUSD
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The currency pair went upwards as the volumes decreased. However, we do not think that AUD/USD is going to develop its upside tendency today as the market participants are looking forward to the Christmas holidays and are unlikely to make any significant steps. There is no tendency currently and we give no recommendations today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair went upwards sharply frustrating our expectations. We think that AUDUSD is likely to resume its downside tendency in the next couple of days.

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

USDCHF
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The currency pair tried to grow yesterday and to establish an upside tendency. However, USD/CHF stays within a range and the price is close to its upper side. We think that USD/CHF is likely to bounce off this upper side and we do not think that there is a reason to buy the currency pair in this situation. We advise to avoid trading today as we are on the eve of Christmas holidays and there is no trend currently.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair fluctuated in both directions last week according to our expectations. We think that USD/CHF is likely to resume its upside tendency in the next couple of days.

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


Gold and Silver Technical Outlook December 22, 2017

GOLD(XAUUSD)
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Gold fluctuated in a wide range yesterday as the Christmas holidays approach and the volatility is low. The markets will be closed on Monday as the whole World will celebrate the Catholic Christmas. The activity yesterday was low and we think that there is no reason to wait for the volatility to increase today.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

SILVER(XAGUSD)
d927bff69dea78f1349b24e23d78bb6b.jpg

Silver fluctuated within a limited range yesterday. We think that the volatility may increase on Tuesday or even on Wednesday. There is no reason to open trades today.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week frustrating our expectations. WE think that XAG/USD is likely to resume its downside tendency in the next couple of days.

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

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Technical Outlook December 26, 2017

EURUSD
3a0fa6ac811ffad6cbf95872c961ddc8.jpg

The market activity was law on Friday as Christmas holidays were approaching. The volatility was low and there was no point in opening trades in the last day of the week. This week is going to be short and the activity is likely to be low as there will be only three days of trading. We don’t think that the market participants are going to be active before the New Year holidays. There are no important data this week and the volatility is likely to remain low.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our downside tendency expectations and we think this was due to Christmas holidays. We think that EUR/USD is likely to decline in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD
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The currency pair fluctuated in a tight range on Friday as Christmas holidays were approaching. WE think that GBP/USD is likely to stay within this range today. Great Britain is on holiday today and many European countries are on holidays as well. We think that the volatility is likely to rise during the American session. However, this activity growth is likely to be limited. There is no trend currently and we give no recommendations. There are no important news today.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week within a small range. We think that GBP/USD is likely to develop this no trend tendency in the next couple of days.

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

AUDUSD
b79d280b9ed359cbf4da472b25b750f5.jpg

The currency pair fluctuated within a range on Friday on the eve of Christmas holidays. We expected this scenario as market participants had low activity. We think that AUD/USD is likely to stay within the range today as some investors are still on holidays and the volatility is going to be low. There is no trend currently and we give no recommendations. No important data from Australia or United States is to be released today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair went upwards last week contrary to our expectations. We think that AUD/USD is likely to develop its upside tendency or stay within the range in the next couple of days.

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

USDCHF
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The currency pair showed no activity on Friday as long Christmas holidays were on the way. We think that USD/CHF is likely to stay within a limited range today with low volatility as there is no important data today. European banks are closed. The volatility is likely to increase during the American session. However, we do not expect any volatility burst as volumes may be low this week.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week contrary to our expectations. We think that USD/CHF is likely to develop this ‘no trend’ tendency in the next couple of days.

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


Gold and Silver Technical Outlook December 26, 2017

GOLD(XAUUSD)
698cf4699d40e91932d2300db88fa5c7.jpg

Gold went upwards on Friday during the American session. This may be related to the fact that the United States President has signed the amendments to the tax legislation. We did not expected the volatility growth on Friday as this tax legislation amendments signature procedure was scheduled for January. Anyway, the price is likely to develop its moderate growth.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold went upwards last week contrary to our expectations. We think that XAU/USD is likely to go upwards on the next couple of days.
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 positions from the MA13. Place stop losses below the indicator. 

SILVER(XAGUSD)
5455decbb26bffcda268263dbcb6ae0b.jpg

Silver went upwards on Friday. This was related to the same reasons. There is the uptrend currently and we think it is a good time to look for long positions from the MA13.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week. We think that XAG/USD is likely to go upwards on the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long positons from the MA13 today. Place stop losses below the indicator.

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Technical Outlook December 27, 2017

EURUSD
b7d1e52eb519271f0c55f835c9a25eac.jpg

The currency pair fluctuated in a 300 pips range yesterday as the volatility was very low. There is no important data today and we expect no price bursts. However, European banks start to work today after long holidays and major market participants may increase the volatility. However, we expect the fluctuations to remain calm and limited for the whole week.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week contrary to our expectations, which was due to the upcoming Christmas holidays. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD
577bc903fc076f469e8c344ea77e6d5e.jpg

The currency pair fluctuated in a limited range yesterday. American market participants returned from the holidays, but they failed to provide enough liquidity and volumes in order to increase volatility. It is hard to take decisions in such conditions and we give no recommendations. There are no important events today.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions within a limited range last week. We think that GBP/USD is likely to stay within this limited range in the next couple of days.

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

AUDUSD
3e29c8c23d0f88136da2f785bf906e7a.jpg

The currency pair started to develop its upside tendency yesterday and continued to go upwards today. We can see that there is the uptrend currently. This could offer a good opportunity to open long positions. However, fluctuations are week and the volatility is low. It is better to do nothing today. There are no important events today that are able to shake the markets.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week contrary to our expectations. We think that AUD/USD is likely to develop its upside tendency or to stay within the range for the next couple of days.

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

USDCHF
a49ae50581e89ed052a208d3bcbbc3dc.jpg

The currency pair fluctuated in a limited range as the other assets yesterday. There were no reasons to open positions. The currency pair is in neutral position now and it is better to avoid doing anything. There are no important events today and we think that the volatility remains low.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week contrary to our expectations. We think that USD/CHF Is likely to develop its both sides fluctuations in the next couple of days.

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


Gold and Silver Technical Outlook December 27, 2017

GOLD(XAGUSD)
be9281d17f88896317d5f5e6accffa8c.jpg

Gold offered an opportunity to open long positions from the MA13 according to our recommendations and the price was in the profit area for 600 pips. It was enough to take profit as the volatility is still low. If you had fixed the trades partially, we advise to close the remaining positions at current price as we expect some price consolidation today. There is no important data that is able to shake the markets.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold went upwards last week contrary to our expectations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

SILVER(XAGUSD)
7098e1d1a380b5f42abf5f569d870459.jpg

Silver offered an opportunity to open long positions from the MA13 according to our recommendations and the price entered the profit area for 12 pips max. It was enough as the volatility is low. It was better to fix all positions and to do it now as we expect Silver to start a consolidation period. There is no important events today to shake the markets.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to develop its slight upside tendency in the next couple of days.

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

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Guest andengireng

usdjpy-h1-trading-point-of.png

 

 

USDJPY is moving in a bearish bias today.  For trading strategy based on technical analysis today, you can look for sell signal confirmation if pull-back occurs to the reference area at 112.712, with potential target up to 112.298. Be careful if the resistance at 113.174 breaks, it will turn the intraday bias to bullish and potentially will raise USDJPY up to the range 113.370.

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Technical Outlook December 29, 2017

EURUSD
58382719519f2d558db54f6df9e73046.jpg

 The currency pair develop its uptrend as USD continues to fall. Today is the last day before long holidays and we think that the volatility is likely to be low. USD may start to grow the next year and we advise to fix all positions before the weekend and the holidays. There is no important data today and we think that the fluctuations are likely to be calm with no sharp momentum.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week contrary to our expectations and we think that this was due to the holidays. We think that EUR/USD is likely to go upwards in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
 
GBPUSD
8f306b8d336c990e1a982cbecd0be964.jpg

There was no opportunity to open short positions from the MA55 balance line as the price failed to reach those levels. Today is the last trading day before long holidays and we think that GBP/USD is likely to stop its upside tendency. The volumes are low and the currency pair may start a consolidation. There is no important data today and we think that the volatility will be low.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week and stood in a small range. We think that GBP/USD is likely to stay within a limited range until the end of the week.

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

AUDUSD
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The currency pair offered an opportunity to open long positions from the MA13 and the price was in the profit area for 150 pips. It was enough to protect trades. However, the upside tendency stopped there and we recommend fixing al your existing positions as they are. We expect AUD/USD to start a consolidation. There is no important data today and we think there will be no sharp fluctuations or volatility growth.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair went upwards last week contrary to our expectations. We think that AUD/USD is likely to develop its upside tendency or stay within the range until the end of the year.

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

USDCHF
3d939c54f1a15e59af5a27cfa1cb4db8.jpg

There was no opportunity to open positions with high risks as the price failed to reach the MA13 level. The price was there by the end of the American session and there was no reason to open positions at that moment. There is no important data today and we expect no volatility rise as long holidays are on the way.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week contrary to our expectations. We think that USD/CHF is likely to develop this both sides fluctuations tendency.

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


Gold and Silver Technical Outlook December 29, 2017

GOLD(XAUUSD)
d47bc504f18aff9a5fac1a35ce54fe1c.jpg

Gold resumed its upside tendency yesterday as the volumes were low. The volumes declined even further today in the morning. We think that this may stop the price growth. Today is the last day before long holidays and there is no important data to shake the markets. 
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold went upwards last week frustrating our expectations. We think that XAU/USD is likely to develop its upside tendency until the end of the year.
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)
d52b4e434a5dbb36cab3b548f12e0578.jpg

Silver is in the same position. The price goes upwards as USD becomes weaker and the volumes are low. We think that XAG/USD is likely to stop its upside tendency today as the market participants are going to fix their positions on the eve of long holidays. There is no important data today and we do not think that the volatility will be high.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week contrary to our expectations. We think that Silver is likely to go upwards before the end of the year.

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

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