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Technical Outlook June 29, 2017

EURUSD



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

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations but then it moved upwards by Friday. We think that EUR/USD is likely to develop its decline in the next couple of days.

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

GBPUSD



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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined according to our expectations last week, but then moved upwards by Friday. We think that GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook June 29, 2017

GOLD (XAUUSD)



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

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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its downside dynamics last week according to our expectations, but then Gold returned to its previous positions by Friday. We think this precious metal is going to resume its downside dynamics in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short trades from the trend line. Place stop losses above this line. The trades are of high risks.

SILVER (XAGUSD)



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

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

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

Technical Outlook June 30, 2017

EURUSD



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

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations but then it moved higher by Friday. We think EUR/USD is likely to resume its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to avoid trading today as the price is way far from the MA55 balance line.

GBPUSD



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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week according to our expectations but then moved upwards by Friday. We think GBP/USD is likely to develop its decline in the next couple of days.

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

AUDUSD



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

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

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

USDCHF



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

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow frustrating our expectations. We think USD/CHF is likely to resume its growth in the next couple of days.

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


Gold and Silver Technical Outlook June 30, 2017

GOLD (XAUUSD)



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

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the Ma55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)



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

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

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

Technical Outlook July 3, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 3, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 4, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line, but after the release of the results of the Reserve Bank of Australia Meeting.

USDCHF



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

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

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


Gold and Silver Technical Outlook July 4, 2017

GOLD (XAUUSD)



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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price’s dynamics was according to our expectations. We think that Gold is likely to develop its moderate dynamics in the next couple of days.

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 5, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 5, 2017

GOLD (XAUUSD)



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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was trading according to our expectations last week. WE think that XAU/USD is likely develop its moderate decline in the next couple of days.

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 6, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 6, 2017

GOLD (XAUUSD)



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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold was trading according to our expectations last week. We think XAU/USD is likely to develop its decline in the next couple of days.

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 7, 2017

EURUSD



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

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today before the release of the US Labor Market data.

GBPUSD



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

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading before the release of the US Labor Market data.

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 7, 2017

GOLD (XAUUSD)



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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. This asset was trading according to our expectations last week. We think that Gold is likely to develop its downside dynamics in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today before the release of the US Labor Market data.

SILVER (XAGUSD)



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

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

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

Technical Outlook July 10, 2017

EURUSD



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

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

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

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

GBPUSD



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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations as it continued to decline. We think that GBP/USD is likely to grow in the next couple of days.

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

AUDUSD



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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow frustrating our expectations and continued its decline. We think that AUD/USD is likely to grow in the next couple of days.

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 10, 2017

GOLD (XAUUSD)



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

There is no trend on the Weekly char as the price is close to the MA55 balance line. The price declined last week according to our expectations. We think that Gold is likely to develop its moderate downside dynamics in the next couple of days.

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 11, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week and continued its correction. We think that AUD/USD is likely to grow in the next couple of days.

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

USDCHF



The currency pair continued to grow yesterday and we can see an upside tendency now. If you had opened trades, they were closed by stop losses. The upside tendency is still under construction and the price growth is slow. We think it is a good idea to do nothing today.

There is the downtrend on the Weekly chart as the price is below the Ma55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to develop its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 11, 2017

GOLD (XAUUSD)



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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD declined last week according to our expectations. We think that Gold is likely to develop its moderate decline in the next couple of days.

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 12, 2017

EURUSD



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

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics last week met all our expectations as the asset had some growth on Thursday. We think that EUR/USD is likely to develop its growth in the next couple of days.

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 12, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 13, 2017

EURUSD



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

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

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

GBPUSD



The currency pair offered opportunity to open short trades from the MA55 balance line and was in the profit area for 200 pips. It was enough to protect your trades by moving stop losses at breakeven level. Later the currency pair went higher and crossed the MA55 balance line. All trades were closed with no loss and no profit. There is no trend currently and we advise to do nothing today.

There is no trend on the Weekly chart as the price is close to the Ma55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that GBP/USD is likely to resume its growth in the next couple of days.

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

AUDUSD



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

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair failed to grow last week frustrating our expectations and continued its downside correction. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 13, 2017

GOLD (XAUUSD)



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

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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 14, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 14, 2017

GOLD (XAUUSD)



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

There is no trend on the Weekly chart as the price is close to the MA 55 balance line. Gold declined last week according to our expectations. We think that XAG/USD is going to develop its moderate downside tendency in the next couple of days.

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 17, 2017

EURUSD



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

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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 17, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 18,2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a tight range last week. We think that USD/CHF is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook July 18, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 19, 2017

EURUSD



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

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

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading in a tight range last week. We think it is going to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook July 19, 2017

GOLD (XAUUSD)



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

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. WE advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

SILVER (XAGUSD)



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

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

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

Technical Outlook July 20, 2017

EURUSD



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

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today before the release of the results of the European Central Bank’s meeting.

GBPUSD



The currency pair was trading in a tight range on Wednesday and changed its tendency. There is important UK Retail Sales data on the way, which may have impact on GBP/USD for today. Bloomberg experts expect huge Retail Sales growth and if those forecasts fail to meet investors expectations, the currency pair is likely to develop its decline in the nearest future.

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 20, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 21, 2017

EURUSD



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

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics met our expectations last week as EUR/USD grew on Friday. We think that the currency pair is likely to develop its growth in the next couple of days.

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

GBPUSD



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

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

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

AUDUSD



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

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair had some expected growth last week. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

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

USDCHF



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

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was trading is a tight range last week. We think that USD/CHF is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook July 21, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 24, 2017

EURUSD



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

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics met our expectations last week. We think that the currency pair is likely to develop its upside tendency in the next couple of days.

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

GBPUSD



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

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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook July 24, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



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

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

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

Technical Outlook July 25, 2017

EURUSD



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

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics met our expectations last week as EUR/USD developed its growth. We think that the currency pair is likely to continue its upside tendency in the next couple of days.

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

GBPUSD



The currency pair changed its tendency yesterday and moved higher according to our expectations. However, we think that this growth is nothing more than just a correction and it is better to be careful. The currency pair is able to reverse at any moment and to cover all this two days’ growth with one or two candlesticks. We advise to do nothing today.

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

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

AUDUSD



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

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

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

USDCHF



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

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line or higher. Place stop losses at 0,95050.


Gold and Silver Technical Outlook July 25, 2017

GOLD (XAUUSD)



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

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

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

SILVER (XAGUSD)



Silver established new highs and confirmed its growth. We expected a correction but it didn’t happen. We think that the growth is going to be developed and we advise to look for long trades. The price is unlikely to make some significant moves before the end of the Federal Open Market Committee meeting, but some moderate tendencies may happen.

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

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

Technical Outlook July 26, 2017

EURUSD



The currency pair had some growth during the European session and then gave up all gained positions during the American session. Those fluctuations were due to the new healthcare law project hearings in Senate. Market participants were skeptic, but Republicans became more active. There is hope that this law will be adopted by US Senate. Trump’s positions in this case will become stronger and USD will get some more support. As for the events, today market participants are looking forward to see the results of the Federal Open Market Committee meeting.

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to wait until the release of the results of the Federal Open Market Committee meeting.

GBPUSD



The currency pair continues its upside tendency and there was an opportunity to earn on long trades from the MA55 balance line. We gave no recommendations as this upside dynamic was within a correction framework. We think that the currency pair is likely to reverse its tendency today after the Federal Open Market Committee meeting today. However, we do not expect Yellen or any other FOMC member to say something new as it’s been a while since her last speech. We advise also to pay attention to today’s UK Prelim GDP data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week before the eventual growth in the nearest future. We think that the currency pair 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 close to the MA55 balance line. We advise to open trades only after the Federal Open Market Committee meetings results release.

AUDUSD



The currency pair started the day with a decline as the Australian inflation data was disappointing. Market participants are looking forward for the Reserve Bank of Australia head speech. However, we don’t think he is going to say something about monetary policy tightening. We think that it is better to look for short trades, besides the fact that there is no tendency.

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

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

USDCHF



The currency pair failed to decline after the German Ifo Business Climate data and our trades closed by stop losses. The price is moving towards the trend line on the Hourly chart and we think it is going to bounce off. We think that it is time to look for short trades.

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

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


Gold and Silver Technical Outlook July 26, 2017

GOLD (XAUUSD)



Gold reverses its tendency today as the price is crossing the trend line. The MA-channel still looks upwards but we think it is time to look for short trades. Long trades were closed by stop losses. Tendency reverses as there are some positive aspects in the healthcare law debates in Senate. We think that this fact is going to support USD. The Federal Open Market Committee meeting is the main event for today.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold developed its upside dynamics last week according to our expectations. We think that XAU/USD is likely to develop its moderate upside dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver prepares to reverse its tendency. Long trades was closed by stop losses. XAG/USD has crossed the trend line but there was no clear break through and we give no recommendations. Today we advise to pay attention to the FOMC meeting.

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

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

Technical Outlook July 27, 2017

EURUSD



The currency pair had some growth yesterday after the release of the results of the Federal Open Market Committee meeting. There was no new hints on the probability of Interest Rates hike and we think the Fed is going to raise rates on December again. Fed members’ seem to have more important tasks than monetary policy tightening. There are US Durable Goods Orders today and Unemployment Claims statistics today. WE advise to pay attention to those figures.

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

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

GBPUSD



The currency pair had some growth after the UK GDP q/q data, which met the investors expectations. Later, GBP/USD had some growth after the release of the results of the Federal Open Market Committee meeting. There are several US data releases today and we think that the price is going to “change its mood” during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week before the further growth. We think that GBP/USD is likely to resume its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. The price is close to the upper side of the MA-channel and we advise to avoid trading today.

AUDUSD



The currency pair declined in the first half of the day, offering no opportunities to execute short trades. Then the price went back towards the MA55 balance line. However, there was no sense to open trades as market participants waited for the results of the Federal Open Market Committee meeting. We recommended to act according to the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week. We think that AUD/USD is likely to develop its downside correction 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. The price is close to the upper side of the MA-channel and we think it is better to do nothing today.

USDCHF



The currency pair had a sharp upside burst after the release of the Federal Open Market Committee meeting results. However, right after this event, the price went downwards. Short trades from the MA55 balance line closed by stop losses. There is no opportunity to sell today as there is the uptrend currently.

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

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


Gold and Silver Technical Outlook July 27, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades according to our recommendations and there was a chance to earn about 3 USD. However, we advised to avoid trading right on the eve of the Federal Open Market Committee meeting results. There were no new hints on the probability of Interest Rates hike and we think that the Fed is going to tighten its monetary policy by the end of the year again. We advise to pay attention to today’s US Durable Goods Orders and Unemployment Claims data.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold developed its upside dynamics last week according to our expectations. We think that XAU/USD is likely to develop its moderate growth in the next couple of days.

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

SILVER (XAGUSD)



Silver is trying to reverse its current tendency but yesterday the price failed to go downwards due to the results of the Federal Open Market Committee meeting. The Fed did no hints on the probability of the Interest Rates hike. The FOMC members have also avoided to talk about the inflation.

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

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

Technical Outlook July 28, 2017

EURUSD



The currency pair corrected yesterday after a sharp growth on Wednesday. The stronger than expected US data pushed EUR/USD even lower. The Durable Goods Orders was better than expected and gave some additional support to the USD. Today’s main event is the Preliminary US GDP data q/q. If this statistic is better than expected or meets investors forecasts, USD is likely to develop its growth.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades before the American session. Buy from the MA55 balance line. Place stop losses below the indicator.

GBPUSD



The currency pair changed its moods during the American session after the better than expected US Durable Goods Orders data. We think that there is a probability of the volatility growth in the beginning of the American session as the important data is expected.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades before the American session. Buy GBP/USD close to the MA55 balance line area. Place stop losses below the indicator.

AUDUSD



The currency pair is trading within a tight range regardless the worse that expected producer inflation data from Australia. Today’s main statistic is the US Prelim GDP data. If it is better than expected or meet forecast, USD can go further upside pushing AUD/USD further downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a growth last week according to our expectations. We think that AUD/USD is likely to develop its downside correction in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades before the American session. Buy from the broken through trend line on the Hourly chart. Place stop losses below the line.

USDCHF



The currency pair resumed its growth as USD has got some additional support yesterday. The currency pair uses all the opportunities to establish an upside tendency. Today market participants are waiting for the US Prelim GDP data q/q. If it is better than expected, USD/CHF is likely to develop its upside tendency in the second half of the day.

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

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


Gold and Silver Technical Outlook July 28, 2017

GOLD (XAUUSD)



Gold was in consolidation yesterday after a sharp growth on Wednesday, but then it declined after the better than expected US Durable Goods Orders data. This statistic pushed XAU/USD lower. Today we advise to pay attention to the US Prelim GDP q/q data as it may have considerable impact on Gold. If it is better than expected or equal to the forecast, USD is likely to grow.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued to grow last week according to our expectations. WE thnk that Silver is likely to develop its moderate upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver had a considerable decline after the US Durable Goods Orders data and reached the MA55 balance line. However, we still have an uptrend and we think it is a good idea to look for long trades today. Place orders from the trend line below the balance line.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades before the American session. Buy from the trend line on the Hourly chart. Place stop losses below the line.

Technical Outlook July 31, 2017

EURUSD



The currency pair resumed its growth after Thursday’s correction. German CPI data has shown some growth and the US Prelim GDP data was slightly above the expectations, disappointing market participants. USD was under the pressure on Friday. Market participants are looking forward to see the results of this week statistics including the US Labor Market and Average Hourly Earnings data, which will be released on Friday. There are also many figures from the Eurozone which worth your attention including French and German PMI data. We think that the currency pair is going to start a correction today.

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

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

GBPUSD



The currency pair offered opportunities to open long trades from the MA55 balance line and there was a chance to take profit as the price went in the forecasted direction for 700pips. Market participants are looking forward to see the results of the Bank of England meeting, which takes place on Thursday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth 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 no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair offered opportunities to open long trades from the broken through trend line on the Hourly chart. The price was in the profit area for 600pips and you had a chance to fix your trades with positive results. There is no growth currently, but we think that the market participants are likely to take a decision whether the currency pair is going upwards or downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week despite all the negative factors. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

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

USDCHF



The currency pair Stopped its growth for a while but we think it is going to develop its upside tendency in the nearest future. USD/CHF is trading against correlation as it is growing along with EUR/USD. We think it is better to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some sharp growth last week, frustrating our expectations. We think that USD/CHF is likely to develop its growth in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the Ma55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook July 31, 2017

GOLD (XAUUSD)



Gold offered no opportunities to open trades according to our recommendations as the price failed to reach the MA55 balance line. However, there was some growth on Friday and the US Prelim GDP data met the expectations. There are many important events this week including Friday’s US Labor Market and Average Hourly Earnings data, which is able to change the market situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continues its moderate upside tendency last week according to our expectations. We think that XAU/USD is likely to develop its growth on the next couple of days.

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

SILVER (XAGUSD)



Silver failed to offer an opportunity to open trades according to our recommendations. The price didn’t reach the trend line on the Hourly chart. Silver still looks upwards and the price is above the trend line and we think that it is time to look for long trades.

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

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

Technical Outlook August 1, 2017

EURUSD



The currency pair continues its growth as the Eurozone data is better than expected and there are some problems in the inner US political environment. The US political situation is able to influence the US economic environment. Federal Reserve Interest Rates hike expectations for 2017 are at their lows. We think EUR/USD is likely to have a moderate correction today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week according to our expectations. We think that EUR/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 open long trades from the MA55 balance line. Place stop losses below the indicator.

GBPUSD



The currency pair established new highs from September 2016. We think that GBP/USD is likely to resume its growth after a moderate correction which is expected to start today. We advise to look for long trades after the correction is done. Market participants are likely to pay attention to today’s UK Construction PMI data. There is also important US consumer data today.

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

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

AUDUSD



The currency pair had some growth today during the Asian session as market participants were waiting for the Reserve Bank of Australia meeting results but then AUD/USD declined. We think that this short downside tendency was due to the neutral rhetoric of the RBA head. However, USD is under pressure at the moment and the currency pair is able to develop its upside tendency in the nearest future.

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

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

USDCHF



The currency pair declined yesterday and shows no signs for further CHF growth despite the fact that EUR is growing. USD/CHF is trading on its own and we think it is a good idea to do nothing at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF had a sharp growth last week frustrating market participants’ expectations. We think that the currency pair is likely to develop its growth in the next couple of days.

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


Gold and Silver Technical Outlook August 1, 2017

GOLD (XAUUSD)



Gold failed to offer an opportunity to open long trades according to our recommendations as the price was far from the MA55 balance line. However, we think that XAU/USD is likely to develop its growth today. We advise to try to buy from the MA13, but those trades will be of high risks.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD continued its upside tendency last week according to our expectations. We think that Gold is likely to develop its growth in the next couple of days.

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

SILVER (XAGUSD)



Silver approached the MA55 balance line and there was an opportunity to open long trades. You could have 15 pips as profit and it was enough to protect trades and to fix your positions partially. WE think that it is a good idea to hold the rest of your trades until the price reaches 16,95 level.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to hold long trades from the MA55 balance line. However, there is no sense to open new trades today.

Technical Outlook August 2, 2017

EURUSD



The currency pair had an expected correction yesterday but failed to resume its growth. The price declined towards the MA55 balance line and there was an opportunity to buy. We advise to pay attention to today’s ADP Non Farm Employment change data. We think that the number of employed people is going to increase. It is better to open trades during the Asian or European session in order to protect your positions before the American session. Otherwise you can open positions after the release of the ADP data release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations and continued its growth according to our expectations. We think that the currency pair is likely to develop its growth in the next couple of days.

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

GBPUSD



The currency pair had a correction towards the MA55 balance line. There was no growth yesterday, but we think GBP/USD is likely to resume its upside tendency today. There is a probability that USD is going to develop its decline as the US FED Rates hike expectations are low at the moment. We think that it is a good idea to look for long trades today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth 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 uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

AUDUSD



The currency pair can’t hold above the 0,80000 level. We think that this level is psychological one. Anyway, if USD is going to decline, the currency pair is able to establish new highs and go even higher. There is no trend currently and we advise to do nothing today.

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

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

USDCHF



The currency pair still can not decline. WE think that it may happen today after the EUR/USD growth. If USD/CHF fails to go downwards, we advise to do nothing. There is no trend currently and we recommend doing nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a sharp growth last week, surprising market participants. We think that USD/CHF is likely to develop its growth in the next couple of days.

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


Gold and Silver Technical Outlook August 2, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open long trades according to our recommendations and this positions was closed with a small stop loss. Gold is trying to make a reverse, but we still expect XAU/USD to establish new weekly highs. However, if the price goes below Tuesday’s low, there is a probability that the upside tendency will be cancelled.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold continued its moderate upside dynamics last week according to our expectations. We think that the price is able to go upwards in the next couple of days.

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

SILVER (XAGUSD)



Silver is forming a reverse as the price has broken through the trend line. This decline may be limited, but we think it is going to reach 16,20-16,40 levels. We advise to avoid trading today as there is no tendency currently.

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

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

Technical Outlook August 3, 2017

EURUSD



The currency pair offered an opportunity to open long trades from the MA55 balance line area during the European session. The price rose for 900pips and you could fix your trades with profit. There are Eurozone Services PMI and Retail Sales data on the way. AS for the American statistic, we advise to pay attention to the Services ISM data as well. We think that there are no obstacles for the currency pair to develop its growth until 1,20500.

However, pay attention to the US data as it may slow down the upside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair’s dynamics met our expectations last week as EUR/USD developed its growth. We think that the currency pair is likely to continue its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel[img] goes up[/img]wards and the price is close to the MA55 balance line. WE advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

GBPUSD



The currency pair offered opportunities to buy from the MA5 balance line area during the European session yesterday. There was however, no significant growth. You could protect your positions and even fix them partially. There is the Bank of England meeting on the way and this event is able to make some changes in the force ratio between the Bulls and the Bears.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth 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 uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair had a correction close to the MA55 balance line but there is still no tendency. Today AUD/USD declined during the Asian session and we think it is able to start a downside tendency. It is better to do nothing at the moment.

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

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

USDCHF



The currency pair failed to grow yesterday regardless the fact that EUR/USD had an upside tendency. Currency pairs are misbalanced as some central banks are changing or are going to change their monetary policies. Allied currencies are moving in the opposite directions. We think that it is better to do nothing in this situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a sharp growth last week surprising market participants. We think that USD/CHF is likely to develop its growth in the next couple of days.

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


Gold and Silver Technical Outlook August 3, 2017

GOLD (XAUUSD)



Gold continues to reverse its tendency. XAU/USD established new low yesterday and we think there will be no growth today. However, tomorrow the situation may change after the release of the most important US Labor Market and Average Earnings data. We advise to do nothing as there is no tendency currently.

There is no trend on the Weekly chart as the price is close to the mA55 balance line. Gold continued its moderate growth last week according to our expectations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver makes a reverse of its tendency aiming 16,20-16,40. We think it is a good idea to sell from the MA55 balance line. Target levels are mentioned above.

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

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

Technical Outlook August 4, 2017

EURUSD



The currency pair offered opportunities to open long trades from the MA55 balance line area. The price rose for 600pips and you could fix positions. As for the events, we advise to pay attention to today’s US Labor Market and Average Hourly Earnings data. The price is likely to be trading within a range on the eve of this release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that EUR/USD is likely to continue 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 open trades after the release of the US Labor Market and Average Hourly Earnings data.

GBPUSD



The currency pair declined sharply after the release of the results of the Bank of England meeting as the rhetoric was easier than expected. One of the Monetary Policy Committee member has changed his mind and voted for the low rates to remain. It is to mention that he has voted for the interest rates to be hiked previously. The results of the BoA meeting frustrated market participants expectations and they have started to sell GBP/USD. Today’s fluctuations will depend on the results of the US Labor Market and Average Hourly Earnings data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth 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 avoid trading today as the situation is unclear.

AUDUSD



The currency pair had an upside correction yesterday but the downtrend is already established. We think it is a good idea to look for short trades, but there is a very important US Labor Market and Average Hourly Earnings data today. We give no recommendations in the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair develop its growth last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

There is the 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.

USDCHF



The currency pair continues to be trading within a tight range and there is no clear tendency. We think that today’s US Labor Market and Average Hourly Earnings data is able to change the situation a bit. However, we give no recommendations at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a sharp growth last week, surprising market participants. We think that the currency pair is likely to develop its growth in the next couple of days.

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


Gold and Silver Technical Outlook August 4, 2017

GOLD (XAUUSD)



Gold grew yesterday frustrating our expectations and established a wide range. There is no tendency still and we give no recommendations. The main event for today is the US Labor Market and Average Hourly Earnings data. Some sharp price movement are likely after the release of his statistics.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold developed its moderate upside dynamics last week according to our expectations. We think that XAU/USD is likely to continue its upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver went towards the MA55 balance line yesterday and there was an opportunity to sell from there according to our recommendations. The price is still out of the profit area, but it can go there. We advise to protect trades before the American statistics, placing stop losses at breakeven level. However, there is still no opportunities to do this. Let’s hope, the price will give this chance before the American session.

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

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

Technical Outlook August 7, 2017

EURUSD



The currency pair declined sharply on Friday after the US Labor Market and Average Hourly Earnings data. All those figures were better than expected and truly impressed market participants. The US Non-Farm Employment Change rose over 200 000, Unemployment Rate decreased and the Average Hourly Earnings data showed some impressive growth. Market participants changed their minds after those releases and they think that the Fed is likely to hike Interest Rates again this year. EUR/USD changed its current tendency and we think it is better to look for short trades from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and continued to grow. We think that EUR/USD is likely to decline after Friday’s US Labor Market and Average Hourly Earnings data.

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

GBPUSD



The currency pair continues to decline for the second day in a row as there are many reasons for it. First, there was no hints on the probability of monetary policy tightening in the United Kingdom. Second, US Labor Market and Average Hourly Earnings data was better than expected. We think that is it better to look for short trades, but the price is far from the MA55 balance line. However, we think it is a good idea to sell from the trend line on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to start a correction in the next couple of days.

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

AUDUSD



The currency pair is close to the MA55 balance line and we can state that there is the downtrend currently. This is a good idea to open short trades here. Friday’s data is favorable for Bears and we think that AUD/USD is likely to develop its downside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week according to our expectations. WE think that AUD/USD is likely to start its downside correction in the next couple of days.

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

USDCHF



The currency pair established an upside tendency after Friday’s US Labor Market and Average Hourly Earnings data. We think that is it time to look for long trades from the MA55 balance line as all the other allied currencies are now in a total correlation with USD/CHF.

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

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


Gold and Silver Technical Outlook August 7, 2017

GOLD (XAUUSD)



Gold established a downside tendency after the better than expected US Labor Market and Average Hourly Earnings data. It is a good idea to look for short trades today. However, we can see a small correction currently, which prevents us from selling on the spot. We think that this correction is likely to stop here and XAU/USD is going to develop its further decline.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price reversed last week according to our expectations. We think that Gold is likely to develop its moderate downside dynamics in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the trend line. Place stop losses above the 1261,0 level.

SILVER (XAGUSD)



Silver went upwards on Friday and stop losses triggered. However, after the US Labor Market and Hourly Earnings data the price went downwards without us. It is risky to sell today as the price is close to the lower side of the MA-channel. We advise to do nothing.

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

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

Technical Outlook August 8, 2017

EURUSD



The currency pair failed to reach the MA5 balance line on Monday and there was no opportunity to open short trades according to our recommendations. However, EUR/USD is close to this balance line during the Asian session and you may try to sell. USD gave up its positions yesterday after the Federal Open Market Committee members’ comments, in which they underlined their doubts on the probability of inflation growth towards the target levels. There is no important data today and we advise to stick to the technical analysis.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according our expectations last week and developed its growth. We think that EUR/USD is likely to decline in the next couple of days as the US Labor Market and Average Hourly Earnings data was better than expected.

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 sell from the MA55 balance line area. Place stop losses above the indicator.

GBPUSD



The currency pair offered an opportunity to sell from the trend line on the Hourly chart and the price went downwards for 400pips. It was enough to protect trades and to take some profit. We think that it is a good idea to look for short positions from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to start its downside correction in the next couple of days.

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

AUDUSD



The currency pair offered an opportunity to sell from the MA55 balance line yesterday. The price declined for 350 pips after allowing to protect trades and to take profit partially. If you still have your positions open, we advise to hold them until the price reaches 0,78700 level.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth last week according to our expectations. WE think that AUD/USD is likely to start a downside correction in the next couple of days.

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

USDCHF



The currency pair failed to reach the MA55 balance line and there was no a single chance to buy according to our recommendations. We think that there is such an opportunity today. As for the important data, we advise to pay attention to the Swiss Labor Market statistics, which, however is unlikely to make some noise.

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

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


Gold and Silver Technical Outlook August 8, 2017

GOLD (XAUUSD)



Gold offered opportunity to open short trades from the trend line on the Hourly chart and the price went downwards for 2,5USD. There was a chance to protect trades but it was too early to fix positions. Later, those trades were closed as stop losses triggered. We think that it is a good idea to open short trades from the MA55 balance line again.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD reversed its tendency last week according to our expectations. We think that GOLD is likely to develop its decline in the next couple of days.

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

SILVER (XAGUSD)



Silver moved to the new lows yesterday and then reversed upwards, going towards the MA55 balance line. We think that it is a good idea to look for short trades from the MA55 balance line or even higher as Silver still has some potential to grow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its decline 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 open short trades from the MA55 balance line or higher. Place stop losses 10 pips above you entering points.

Technical Outlook August 9, 2017

EURUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. If you had placed your stop loss at a comfortable distance, you could have a significant profit as the currency pair reached Friday’s lows. I think EUR/USD is likely to start an upside correction today and tomorrow the currency pair is likely to offer another opportunity to sell from the trend line if nothing happens.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that EUR/USD is likely to decline in the next couple of days after Friday’s US Labor Market and Average Hourly Earnings data.

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

GBPUSD



The currency pair reached the MA55 balance line area yesterday and there was opportunities to sell. If you had a chance to open positions, you cold have some serious profit. You can retry to open short trades from the MA55 balance line area today if this opportunity arises.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to start its downside correction in the next couple of days.

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

AUDUSD



The currency pair offered opportunity to sell from the MA55 balance line yesterday. If your stop loss was enough to hold a correction, you could have serious profit by now (about 400 pips, that price did yesterday). In addition, the currency pair reached 0,78700 level that I have mentioned yesterday as a target one. The price is far from the MA55 balance line today and I think it is better to pause trading for a while.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its growth according to our expectations. We think that AUD/USD is likely to start its downside correction in the next couple of days.

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

USDCHF



The currency pair offered opportunities to sell from the MA55 balance line according to our expectations and the price moved for 500pips in the direction of our forecast. It was enough to take profit. USD/CHF declined sharply and is trading with no correlation to the allied currencies. It is better to do nothing in those conditions.

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

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


Gold and Silver Technical Outlook August 9, 2017

GOLD (XAUUSD)



There was an opportunity to sell yesterday from the MA55 balance line but stop losses triggered. Gold volatility grew yesterday during the American session after rough speeches, made by US and North Korea leaders. Donald Trump said that the United States are going to respond to all Korean threats. The situation is being seriously aggravated and XAU/USD reacts on it.

There is no trend on the Weekly chart and the price is close to the MA55 balance line. The price reversed last week according to our expectations. We think that Gold is likely to develop its moderate downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver offered opportunity to sell from above the MA55 balance line (from 16,40 level to be exact). The price went downwards for 15pips and you had a chance to protect your trades and even fix them partially. However, later the price went upwards. We advise to do nothing at the moment.

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

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

Technical Outlook August 10, 2017

EURUSD



The currency pair corrected towards the MA55 balance line and the trend line on the Hourly chart as we had previously forecasted. We think it is a good idea to look for short trades today from those key indicators. We have seen some signs of this downside correction to come to an end and we advise to aim small targets around 300-500pips.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations and developed its growth. We think that EUR/USD is likely to decline in the next couple of days after Friday’s US Labor Market and Average Hourly Earnings data.

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

GBPUSD



The currency pair approached the MA55 balance line and there were opportunities to open short trades according to our recommendations. The price went downwards after for 500pips and you could close your trades, fixing profit. We think that it is a good idea to try selling from the MA55 balance line. However, there are signs of future tendency reverse and we recommend doing nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to develop its downside correction in the next couple of days.

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

AUDUSD



The currency pair returned towards the MA55 balance line and we think it is time to look for short trades today. However, there are signs of tendency reverse and we think it is better to do nothing today. We give a recommendation with high risks as AUD/USD still has some potential and some space to develop its decline.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think AUD/USD is likely to start its downside correction in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades from the MA55 balance line. This trade is of high risk and we recommend aiming small targets.

USDCHF



The currency pair developed its decline yesterday as Swiss Frank is used as a shelter. There are tensions between the United States and Northern Korea. We think that is it better doing nothing today as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its growth last week according to our expectations. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook August 10, 2017

GOLD (XAUUSD)



Gold continues to develop its upside tendency as the tension between the United States and Northern Korea grows. There is the uptrend currently. The trend line on the Hourly chart was broken out. The tendency is too strong and the price is far from the MA55 balance line. We give no recommendations in this situation.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold reversed its local tendency last week according to our expectations. WE think that XAU/USD is likely to develop its moderate decline in the next couple of days.

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

SILVER (XAGUSD)



Silver is building an upside tendency and we think it is time to look for long trades. The price is close to the upper side of the MA-channel and we give no recommendations. It is better to monitor the situation and wait for better signals to open positions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its downside tendency last week. We think that XAG/USD is likely to continue its decline in the next couple of days.

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

Technical Outlook August 11, 2017

EURUSD



The currency pair declined yesterday after the Asian session according to our expectations. There was no sense to open trades during the American session as EUR/USD moved downwards for 500 pips during the day. The currency pair is trying to reverse its tendency currently as it has broken through the trend line. The main event for today is the US Inflation data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading according to our expectations last week and developed its growth. We think that the currency pair is likely to decline in the next couple of days. The main reason for this is the Friday’s US Labor Market and Average Hourly Earnings data.

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

GBPUSD



The currency pair is fluctuating within a tight range currently. We think that it is ready to make a reverse. However, everything will depend on today’s US Inflation data. We expect the US CPI data to be worse than forecasted. USD will be under pressure again in the case. Anyway, it is better to do nothing today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line The currency pair resumed its growth last week according to our expectations. We think that GBP/USD is likely to develop its correction in the next couple of days.

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

AUDUSD



The currency pair approached the MA55 balance line several times but it was difficult to open trades and to take profit. Anyway, if you managed to sell, you could close your trades at breakeven level. The Reserve Bank of Australia member commented the situation today during the Asian session. He said, that the high AUD price is negative for the Australian economic development.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that AUD/USD is likely to start its downside correction in the next couple of days.

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

USDCHF



The currency pair developed its decline yesterday as the Swiss Franc is on demand because of the tensions between the United States and Nothern Korea. The leader of the Northern Korea announced again his wish to attack Guam island. We advise to do nothing today as the situation is unclear.

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

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


Gold and Silver Technical Outlook August 11, 207

GOLD (XAUUSD)



Gold continues to go upwards as tensions between the United States and Northern Korea continue to grow. The upside tendency is very strong and the price cannot reach the MA13 level. We give no recommendations. The US Inflation data is likely to influence price fluctuations today. Previous data was disappointing and we think that current figures will not surprise market participants.

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

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

SILVER (XAGUSD)



Silver is close to the upper side of the MA-channel and we give no recommendations in this situation. However, today there is an important release in the United States and we expect XAG/USD to develop its upside tendency. The geopolitical tensions still influence Silver’s fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its decline 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 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.

Technical Outlook August 14, 2017

EURUSD



The currency pair resumed its growth towards the latest highs on Friday after disappointing US CPI data, released on Friday. US is under the pressure at the moment as the US Interest Rates hike expectations decreased. The Federal Open Market Committee member Kashkari said that the Fed can wait with Interest Rates hike until the inflation meets the target levels. We think that the currency pair is likely to develop its growth today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a short term correction last week and then EUR/USD resumed its growth. We think that the asset 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 open long trades from the MA13. Place stop losses below the indicator. The risks for those positions are very high.

GBPUSD



The currency pair continues to be trading within a limited range but is able to develop a growth this week as it shows some signs of further upside tendency at the moment. There are many important releases in Great Britain this week and we expect the volatility to be high. We advise to avoid trading today as there is no clear tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair did a correction last week according to our expectations. This downside move was shorter that we thought. We think that GBP/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair started to change its tendency. As for the reasons, AUD/USD has broken out the trend line on the Hourly chart. There is still no upside tendency at the moment, but we think it is going to be established in the nearest future. We recommend buying from the MA55 balance line, but be careful as there is still no clear trend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

There is 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 today from the MA55 balance line. Place stop losses below the indicator.

USDCHF



The currency pair is likely to develop its downside tendency but tensions between the United States and the Northern Korea make the situation unclear. Market participants use Franc and Yen as the shelter and USD/CHF is moving with no correlation as compared to the other major currency pairs.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumed its growth last week according to our expectations. However, the upside tendency was not so strong as we thought. We suppose that USD/CHF is likely to continue 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.


Gold and Silver Technical Outlook August 14, 2017

GOLD (XAUUSD)



Gold established new highs on Friday after the disappointing US inflation data. WE think that XAU/USD is likely to retreat towards the MA55 balance line today and then to resume its upside tendency. USD is under the pressure at the moment and Gold is able to develop its growth. There are also tensions between the United States and the Northern Korea, which give XAU/USD more support.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD failed to decline last week frustrating our expectations as the tensions between the United States and the Northern Korea grow. We think that XAU/USD is likely to develop its moderate upside dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver developed its correction on Friday and we think the precious metal is likely to resume its growth from the trend line on the Hourly chart. There are signs of a probable reverse and we think it is time to look for long trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. XAU/USD failed to decline last week frustrating our expectations as the tensions between the United States and the Northern Korea grow.

We think that Silver is likely to develop its moderate upside tendency in the next couple of days.

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

Technical Outlook August 15, 2017

EURUSD



The currency pair had a correction towards the MA55 balance line on Monday and even declined below the indicator. We think that there is a probability of a deeper correction and we expect EUR/USD to develop its decline today. Long trades, which were opened according to our recommendations, closed by small stop losses. The further EUR/USD’s dynamics depends on today’s US Retail sales data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a short correction last week and then resumed to grow. We think that EUR/USD is likely to develop its growth in the next couple of days.

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

GBPUSD



The currency pair is still within a limited range as the market participants are waiting for the UK CPI data to be released. This event is able to increase volatility and give a direction to the currency pair. We give no recommendations today as there is no clear trend at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week. However, this decline was less than expected. We think that GBP/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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair offered an opportunity to open long trades from the MA55 balance line, but stop losses triggered. There is no tendency at the moment and the currency pair is neutral. However, the price is fluctuating in a wide range. We give no recommendations as there is no trend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to resume its growth in the next couple of days.

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

USDCHF



The currency pair has no correlation with the other majors and we think it is a good idea to wait and to monitor the situation. If the tensions between the United States and the Northern Korea quiet down, there will be opportunities to trade the currency pair. Anyway, the price is close to the MA55 balance line border and it is better to do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week. But it was not as active as we had expected. We think that USD/CHF is likely to resume its decline in the next couple of days.

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


Gold and Silver Technical Outlook August 15, 2017

GOLD (XAUUSD)



Gold failed to develop its growth yesterday and started a correction, changing its current tendency. Long trades from the MA55 balance line were closed with a stop loss. It is better to look for short trades today, but the price is far from the MA55 balance line. We advise to pay attention to today’s US Retail Sales data, which is able to increase volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decrease last week as there are tensions between the United States and the Northern Korea. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver crossed the trend line and there is a probability of a reverse. Long trades, which were opened according to our recommendations, closed with small loss. The MA-channel is reversing as well but it is still neutral. The fact that Silver has broken through the trend line, says that the price is going to reverse anyway. We advise to try to sell after a correction towards 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 as the tensions between the United States and the Northern Korea grow. We think XAG/USD is likely to develop its moderate upside tendency in the next couple of days.

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

Technical Outlook August 16, 2017

EURUSD



The currency pair develop is downside tendency yesterday as market participants were waiting for the US Retail Sales data. This statistics has shown the biggest yearly growth and inspired investors, giving support to USD. US Interest Rates hike odds increased up to 53% according to FedWatch Tool. We advise to pay attention to today’s Eurozone GDP data and US building sector statistics.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week and resumed its growth by Friday. We think that EUR/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 avoid trading today as the situation is unclear.

GBPUSD



The currency pair declined sharply after a worse than expected UK CPI data. Inflation growth was even below the forecasts and the market reaction was appropriate. In addition, market participants expected the US Retail data to be better than forecasted. WE give no recommendations as the price is far from the balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week, which was smaller than expected. We think that GBP/USD is likely to resume its growth in the next couple of days.

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

AUDUSD



The currency pair changed its direction again and no is going downwards. We think it is a good idea to look for short trades today from the MA55 balance line. Yesterday’s US data supported USD and we think the currency pair is likely to develop its downside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to resume its growth in the next couple of days.

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

USDCHF



The currency pair stopped its growth yesterday. The other assets were more active. We think that it is a good idea to look for long trades from the MA55 balance line today and if the growth continues, you can take about 500-770 pips.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its decline last week, but it was smaller than expected. We think that USD/CHF 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 trades from the MA55 balance line. Place stop losses below the indicator.


Gold and Silver Technical Outlook August 16, 2017

GOLD (XAUUSD)



Gold failed to reach the MA55 balance line yesterday and developed its downside tendency. There was not a chance to open trades according to our recommendations. The US Retail Sales data favored further XAU/USD decline as this data was better than expected. The situation is rather the same today and we think it is a good idea to look for short trades from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week as the tensions between the United States and the Northern Korea continues to grow. We think that Gold is likely to develop its moderate upside dynamics.

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

SILVER (XAGUSD)



Silver failed to make a deep correction and there was no opportunity to open short trades according to our recommendations. The price is close to the lower side of the MA-channel and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week (as it was expected by us) due to the growth of tensions between the United States and the Northern Korea. We think that XAG/USD is likely to develop its moderate upside 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 open short trades from the MA55 balance line area. Place stop losses above the indicator.

Technical Outlook August 17, 2017

EURUSD



The currency pair continued its downside yesterday but then had a sharp growth during the American session after the latest Federal Open Market Committee meeting minutes’ release. It says that FOMC members have different views on the probability of further monetary policy decisions. The reason is the lower inflation rate, which does not meet Fed’s expectations. Some Federal Open Market Committee members suggest to wait until the inflation will grow higher. USD was under the pressure after those comments. We think it is a good idea to look for long trades as the trend line was broken through indicating on the tendency reverse.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a brief correction last week and then resumed its growth on Friday, after the US CPI data. We think that EUR/USD is likely to develop its growth in the next couple of days.

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

GBPUSD



The currency pair is close to the MA55 balance line today and there is an opportunity to sell, but the other currency pairs, which are allied to GBP/USD are changing their tendencies and the “cable” is able to follow them as well. In addition, yesterday’s UK Labor Market data was better than expected and we think it is a good support for the currency pair to resume its growth in the nearest future. We advise to pay attention to today’s UK Retail Sales data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that GBP/USD is likely to resume its growth in the next couple of days.

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

AUDUSD



The currency pair offered an opportunity to sell and those trades were closed by stop losses. The currency pair reversed its tendency upwards, but we can not give any recommendations as the price is close to the upper side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF



The currency pair offered opportunities to buy from the MA55 balance line and you could have 400pips as profit. It was enough to protect your trades and to fix your positions partially. USD/CHF is changing its tendency today but we can not give any recommendations as the price is close to the lower side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week but it was not as significant, as we had expected. We think that USD/CHF is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook August 17, 2017

GOLD (XAUUSD)



Gold failed to reach the MA55 balance line yesterday before the Federal Open Market Committee meeting minutes release. After the event, there was no sense to open trades as USD was under the pressure. FOMC members have different views on the probability of further Interest Rates hike. Some of them suggest to wait more in order to see the inflation is truly speeds up. We think it is better to look for long trades when there is a clear upside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week as the tensions between the United States and the Northern Korea are growing. We think that the price is able to develop an upside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver reversed its tendency sharply and the price is close to the upper side of the MA-channel at the moment. We give no recommendations in this situation. The FOMC meeting minutes changed market participants’ moods.

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 develop its moderate upside tendency in the next couple of days.

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

Technical Outlook August 18, 2017

EURUSD



The currency pair declined sharply after yesterday’s European Central Bank meeting minutes release as the ECB members are worried about EUR growth, which is able to prevent further Eurozone economic restore, as it is fragile now. Market participants were too active to sell EUR/USD. There was an opportunity to open short trades according to our recommendations. Those positions were closed by stop losses. We advise to avoid trading today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a short term correction last week and then resumed its growth. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.

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

GBPUSD



The currency pair continued to be trading within a tight range yesterday without any clear direction. US Retail Sales data was better than forecasted and GBP/USD had an opportunity to go upwards, but it did not happened. There is no tendency at the moment and it is better to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week, but it was not as deep as we had previously expected. We think that GBP/USD is likely to resume its growth in the next couple of days.

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

AUDUSD



The currency pair went towards the MA55 balance line and we think it is a good idea to look for long trades today. The price jumped off the trend line and it is a good sign for AUD/USD to resume its growth. We advise to have close targets as it is Friday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that GBP/USD is likely to resume its growth in the next couple of days.

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

USDCHF



The currency pair bounced off the MA55 balance line yesterday and there was an opportunity to sell from there, but we gave no recommendations. USD/CHF is close to the lower side of the MA-channel today, but we still can not give any recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF resumed its growth last week. However, this upside tendency was not as deep as we expected. We think that the currency pair is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook August 18, 2017

GOLD (XAUUSD)



Gold established an upside tendency and we think it is a good idea to look for long trades from the MA55 balance line today, if the price reaches those levels. ECB members are worried about the EUR growth, which may prevent further Eurozone economic restore. This fact supported USD pushing EUR downwards. Gold was trading in a tight range. We think that XAU/USD is likely to develop its growth and we advise to try long trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline last week as the tensions between the United States and the Northern Korea continue to grow. We think that the price is able to continue its moderate upside tendency in the next couple of days.

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

SILVER (XAGUSD)



There are opportunities to open lone trades as Silver is in the uptrend at the moment. The price is close to the MA55 balance line and you can buy now. There are no signs of decline for XAG/USD.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week as tensions between the Northern Korea and the United States are growing. We think that Silver is likely to develop its upside tendency in the next couple of days.

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

Technical Outlook August 21, 2017

EURUSD



The currency pair continues to fluctuate without any clear tendency. As for the Hourly chart, we see that there is a downside tendency as there is a trend line there and this line still holds the price. If we stick to this scenario, there is a probability of a deeper correction in the nearest future. Anyway, we advise to do nothing today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think that EUR/USD is likely to develop its correction in the next couple of days.

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

GBPUSD



The currency pair continued to fluctuate in a small range as it did it last week. We think that GBP/USD is likely to develop its correction in the nearest future. There is no tendency at the moment and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week and we think it is going to develop its downside correction. 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.

AUDUSD



The currency pair went back towards the MA55 balance line. And there was an opportunity to open long trades from this indicator on Friday according to our recommendations. The price was in the profit area and you could take about 500 pips or protect your trades there. As we wrote on Friday, targets should be small. There is no trend currently and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that AUD/USD is likely to develop its downside correction in the next couple of days.

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

USDCHF



The currency pair had some significant growth on Friday and there is no tendency at the moment. We think that USD/CHF is likely to develop its upside tendency in the nearest future. We advise to do nothing today as there is no trend.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week, but it was not as significant as we had expected. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

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


Gold and Silver Technical Outlook August 21, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open long trades from the MA13 according to our recommendations on Friday during the Asian session. The price was in the profit are, allowing to take about 13USD. XAU/USD declined then and we think that the precious metal is likely to change its tendency in the nearest future. We think it is a good idea to do nothing today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations and develop a downside correction. We think that XAU/USD is likely to continue 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver reached the MA55 balance line on Friday during the American session and there was an opportunity to open long trades according to our recommendations. The price was in the profit are and you could take 15 pips as profit. It was also enough to protect your trades. There is no tendency at the moment and 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 failed to grow last week frustrating our expectations as the precious metal started its correction. We think that XAG/USD is likely to develop its downside correction in the next couple of days.

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

Technical Outlook August 22, 2017

EURUSD



The currency pair established an upside tendency and has broken through the trend line on the Hourly chart. We think that EUR/USD is likely to make a correction today and decline towards the MA55 balance line. There you can open long trades. As for the important data, we advise to pay attention to the German ZEW Economic Sentiment release, which is able to increase volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopper its growth last week and declined moderately, frustrating our expectations. We think that EUR/USD is likely to develop its downside correction in the next couple of days.

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

GBPUSD



The currency pair is still trading within a small range without any clear direction. If we look at the Weekly chart, GBP/USD is likely to decline and then to resume its growth. However, we would like to see any signs of further fluctuations on the Hourly chart. We advise to do nothing today as the situation is unclear and there is no tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week, showing signs of further downside correction. We think that GBP/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.

AUDUSD



The currency pair tries to go upwards establishing new highs on the Hourly chart. However, those attempts are weak and there is no tendency at the moment. We think that today AUD/USD is likely to decline moderately. As for the current tendency, there is no trend and we advise to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that the currency pair is likely to develop its downside correction in the next couple of days.

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

USDCHF



The currency pair had some volatility growth yesterday, but there is still no tendency. We advise to do nothing today as the trend is neutral. We think that USD/CHF is likely to choose any direction in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its growth last week, but it was not as significant, as we had expected. We think that the currency pair is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook August 22, 2017

GOLD (XAUUSD)



Gold is still looking upwards but the price has difficulties to grow. This may lead to no trend situation or even reverse a tendency. Geopolitical tensions between the Northern Korea and the United States declined and they have still no influence on fluctuations. We advise to do nothing today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold Failed to decline last week frustrating our expectations and started a correction. 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)



Silver was trading in a tight range yesterday. There are no important releases today and we think that it is better to stick to the technical analysis. There is no tendency currently and we advise to do nothing today as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. Precious metal started its downside correction. 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.

Technical Outlook August 23, 2017

EURUSD



The currency pair is trading with no tendency at the moment. EUR/USD declined sharply yesterday after the worse than expected German ZEW Economic Sentiment data. If you opened Long trades from the MA55 balance line, they should be closed with a small loss. This week is very hard for trading as currencies are moving in both directions and market participants seem to have no idea what will be next. There is important Eurozone and US PMI data today, which may have significant impact on fluctuations. We see no tendency at the moment and we think it is a good idea to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think EUR/USD is likely to develop its downside correction in the next couple of days.

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

GBPUSD



The currency pair reached new Weekly lows but this decline was moderate. GBP/USD may restore its positions. There is the downtrend currently but we have doubts that the currency pair is likely to develop its decline in the nearest future. However, we think that it is a good idea to try short trades with close targets.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week frustrating our expectations. It started to develop a downside correction instead. We think that GBP/USD is likely to decline moderately in the next couple of days.

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

AUDUSD



The currency pair declined moderately according to our expectations. AUD/USD is fluctuating within a range, formed last Thursday. We think that the currency pair is likely to develop its decline. However, there is a probability of a growth as well within this range. It is better to do nothing today as the situation is unclear.

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 AUD/USD is likely to develop its downside correction is the next couple of days.

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

USDCHF



The currency pair established an upside tendency but we don’t think it is able to develop this trend in the nearest future. There is no clear USD tendency yet and there is a probability that the price is going to regain its previous positions. We think it is a good idea to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumed its growth last week. However, this upside tendency was weaker than expected. We think that USD/CHF is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook August 23, 2017

GOLD (XAUUSD)



Gold changed its tendency on neutral according to our expectations. The price is likely to break through 1282,00 level targeting 1274. This scenario is likely to be developed this week even. We think that there is an opportunity to open short trades today. But those positions are risky.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations. XAU/USD started a correction instead. We think that Gold is likely to develop a 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 trades from the MA55 balance line. Place stop losses above the indicator. Those trades are risky.

SILVER (XAGUSD)



Silver still trading within a tight range. We have told yesterday that due to the lack of important date, there was no significant moves on Tuesday. There is no trend currently and it is better to avoid doing anything today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. XAG/USD started a correction instead. 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.

Technical Outlook August 24, 2017

EURUSD



The currency pair had some growth yesterday within a previously established range. Al the currencies have moderate fluctuations this week on the eve of the Jackson Hole symposium, which takes place on Thursday and Friday. We expected al the majors to increase their volatility today in case if participants of the symposium are going to make any significant statements. Mario Draghi is likely to give comments in order to push EUR downwards. Anyway, it is better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think that EUR/USD is likely to develop its downside correction in the next couple of days.

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

GBPUSD



The currency pair continued its moderate decline towards new Weekly lows. There was no opportunity to sell as GBP/USD failed to reach the MA55 balance line. We think that the currency pair is able to have almost no reaction to the Jackson Hole symposium event. However, in case if there are any important statements concerning USD, GBP/USD is likely to increase volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week and we think it is going to start a downside correction. GBP/USD is likely to decline moderately in the next couple of days.

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

AUDUSD



The currency pair develops its range fluctuations. We think that the market participants are waiting for some sensational announcements from the central bank heads during the Jackson Hole symposium. The current pattern indicates on the probability to break through 0,7880 level.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that AUD/USD is likely to develop its downside correction in the next couple of days.

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

USDCHF



The currency pair was unable to resume its upside tendency and is trading with no clear direction currently according to our expectations. The currency pair’s fluctuations are likely to depend on statements, that may be done during the Jackson Hole symposium event.

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

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


Gold and Silver Technical Outlook August 24, 2017

GOLD (XAUUSD)



Gold avoided to test 1282 level and short trades from the MA55 balance line were closed by stop loss. Those trades were risky as we had mentioned it previously. The price is fluctuating within a tight range as the market participants are looking forward to hear something from the European Central Bank or Federal Reserve head’s heads as they take part in the Jackson Hole symposium today and tomorrow.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations and started a downside correction. WE think that XAU/USD is likely to develop its downside dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver is trading within a tight range. We give no recommendations in this situation. We think that there is a probability of significant and important statements during the Jackson Hole symposium today and tomorrow, which may have impact on fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. XAG/USD started a correction. We think that Silver is likely to develop a 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.

Technical Outlook August 25, 2017

EURUSD



The currency pair continued to be trading within Monday’s range as the market participants are looking forward to hear something new from the European Central Bank Head Mario Draghi, who is going to pronounce his speech today within the framework of Jackson Hole symposium, which started yesterday. Two Federal Open Market Committee members did some comments yesterday already, but investors are waiting for Janet Yellen to speak.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair stopped its growth last week and declined moderately. We think that EUR/USD is likely to develop its downside correction in the next couple of days.

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

GBPUSD



The currency pair sopped its downside tendency as the market participants are looking forward to hear something on the future of monetary policy decisions. We would like to remind you, that Jackson ole symposium has started yesterday and investors are paying attention to the event. Yesterday’s UK GDP data met the expectations and had almost no impact on fluctuations. Today, market participants are going to pay attention to the central banks heads’ speeches.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to resume its growth last week and we think GBP/USD is likely to start a downside correction. The currency pair 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



The currency pair had a sharp decline yesterday and changed the break through level. The Jackson Hole symposium has started already, but the central banks heads’ are going to comment today. There is a significant tension on the Forex market and we think that the following fluctuations may be strong and volatile.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair moved upwards last week according to our expectations. We think that AUD/USD is likely to develop its downside correction in the next couple of days.

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

USDCHF



The currency pair was trading with low volatility as there were no significant comments during Jackson Hole symposium, which started yesterday. This event stretches until Sunday and we think there is a probability of sharp moves even when it ends on Monday. However, today we advise to pay attention to Yellen speech as it may have significant impact on fluctuations and investors’ expectations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair resumed its growth last week. However, it was not as significant, as we had expected. We think that USD/CHF is likely to develop its decline in the next couple of days.

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


Gold and Silver Technical Outlook August 25, 2017

GOLD (XAUUSD)



Gold developed its range fluctuations as market participants are looking forward to hear something interesting from the central banks heads during the Jackson Hole symposium, which started yesterday. There were still no significant comments yesterday and investors are waiting for Janet Yellen to say something about future FOMC decisions. We think that during her speech, the volatility is likely to grow.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to grow last week frustrating our expectations. Precious metal started its downside correction instead. We think that XAU/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.

SILVER (XAGUSD)



Silver is still trading within a tight range as there were no significant comments from the central bank members yet. Today Janet Yellen is going to make her comments and we think the situation is likely to change. We expect the volatility to increase.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to grow last week frustrating our expectations. XAG/USD started a correction instead. We think that Silver is likely to develop its downside dynamics in the next couple of days.

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

Technical Outlook August 28, 2017

EURUSD



The currency pair went upwards sharply right after the European Central Bank head Mario Draghi speech. The ECB representative avoided to talk about the future prospective of the monetary policy, but market participants decided to push EUR/USD higher. Some Federal Open Market Committee members announced that the FED is ready to postpone rates hike in case if situation allows. Those dovish comments may have impact on USD. We think that the currency pair is likely to start a downside correction today after Friday’s growth.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week and had a sharp growth on Friday. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.

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

GBPUSD



The currency pair has chosen upside tendency on Friday after the European Central Bank and the Federal Open Market Committee heads’ comments. Both Draghi and Yellen avoided to indicate the exact dates of further monetary policy tightening. Moreover, they have made no hints on their future plans. However, some FOMC members underlined that they are ready to vote for the current monetary policy to remain unchanged if the US economic shows no sign of improvement in the next couple of months. Market participants went short on USD. We think that GBP/USD is likely to start a downside correction today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week according to our expectations but had a sharp growth on Friday. We think that GBP/USD is likely to develop its growth in the next couple of days.

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

AUDUSD



The currency pair had almost no reaction on Jackson Hole symposium event. Our sharp upside momentum expectations failed to meet the reality. However, the currency pair is ready to develop its upside tendency. We think that it is a good idea to open long trades from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF



The currency pair declined considerable as EUR continues to grow. We can see a clear downside tendency but the currency pair is close to the lower side of the MA-channel and it is better to do nothing today. We think that USD/CHF is likely to start a correction towards the trend line on the Hourly chart.

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

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


Gold and Silver Technical Outlook August 28, 2017

GOLD (XAUUSD)



Gold fluctuated in both directions on Friday and there was no clear tendency. Those fluctuations were provoked by Janet Yellen speech during Jackson Hole symposium. The FOMC head avoided to talk directly about the future of the monetary policy and the probabilities of Interest Rates hike on December. Market participants decided to push USD downwards. Gold is likely to develop its upside tendency within this week. However, we give no recommendations at the moment.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was in a tight range last week. We think XAU/USD is likely to develop its growth in the next couple of days.

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

SILVER (XAGUSD)



Silver had no direction on Friday as well. However, we think it is likely to start its growth in the nearest future. We give no recommendations at the moment. Silver has less prospects to grow than Gold and we advise to stay alert.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading in a small range last week. We think that XAG/USD is likely to start its growth in the next couple of days.

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

Technical Outlook August 29, 2017

EURUSD



The currency pair had a downside correction yesterday according to our expectations and then resumed its upside tendency and even established new weekly highs. This downside correction was limited and the price remained close to the upper side of the MA-channel. USD is under the pressure after the comments of the FOMC President Janet Yellen as she gave no hints on the probability of further monetary policy tightening. Market participants have doubts that the Federal Open Market Committee is going to hike Interest Rates again this year.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a tight range last week and then had a sharp growth on Friday. We think that EUR/USD is likely to develop its upside dynamics in the next couple of days.

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

GBPUSD



The currency pair had a narrow correction and then resumed its growth. The price is far from the MA55 balance line and we give no recommendations. As for the important data, today market participants are likely to pay attention to the Conference Board Consumer Confidence index, which is expected to be worse than the previous one. USD is able to develop its decline in case if the final result meets forecasts or declines even further.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations but it had some growth on Friday. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

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

AUDUSD



The currency pair failed to approach the MA55 balance line and declined on the American session only. There was no sense to open trades at that very moment. We think it is a good idea to open long trades from the MA55 balance line today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations. We think that AUD/USD us likely to develop its growth in the next couple of days.

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

USDCHF



The currency pair had a correction yesterday and then resumed its decline and established new lows. We give no recommendations today as the price is far from the MA55 balance line. We also advise to avoid risky trades as the price is unstable. We think that USD/CHF is likely to continue its decline.

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

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


Gold and Silver Technical Outlook August 29, 2017

GOLD (XAUUSD)



Gold had some growth yesterday but we gave no recommendations, as there was no trend. We can see an upside tendency at the moment, but the price is close to the upper side of the MA-channel. XAU/USD had a growth after Friday’s Federal Open Market Committee head Janet Yellen speech. We think it is a good idea to look for long trades from the MA13 today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was trading in a tight range last week. We think that XAU/USD is likely to resume its growth in the next couple of days.

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

SILVER (XAGUSD)



Silver had a significant growth yesterday. We gave no recommendations yesterday as there was no tendency. However, today we see an upside tendency, but the price is close to the upper side of the MA-channel and it is better to do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver fluctuated in a limited range last week. We think that XAG/USD is likely to develop its growth in the next couple of days.

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

Technical Outlook August 30, 2017

EURUSD



The currency pair established new highs yesterday but declined during the American session, starting a correction. Then, EUR/USD resumed its decline because of the better than expected US CB Consumer Confidence data.

The price is back towards the MA55 balance line and here you can look for long trades. However, there is a probability, that the currency pair is able to develop its correction. USD has got some support as the tensions between the United States and the Northern Korea grow again. We advise to pay attention to today’s US ADP Non-Farm Employment change data, which is to be released during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a limited range last week and had a considerable growth on Friday. WE think that EUR/USD is likely to develop its upside tendency in the next couple of days.

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

GBPUSD



The currency pair stopped its tendency as it has established new highs yesterday. The US CB Consumer Confidence index was much better than expected and gave some additional support to USD. This was one of the reasons, the American currency has shown its growth yesterday. However, we think that the currency pair offers opportunities to open long trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating is a tight range last week and had some growth on Friday. We think that GBP/USD is likely to resume its upside tendency in the next couple of days.

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

AUDUSD



The currency pair established new highs of the week and almost reached the MA55 balance line. There were opportunities to open long trades and to take profit, which is equal to 500pips. The price is far from the MA55 balance line today and we advise to do nothing and to monitor the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a limited range last week according to our expectations. WE think that AUD/USD is likely to resume its growth in the next couple of days.

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

USDCHF



The currency pair declined sharply towards the two year low and then went upwards. This support was strong and USD/CHF jumped off it. There is no tendency currently and we give no recommendations for this reason. We think that USD/CHF is likely to have difficulties trying to decline again.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was fluctuating in a range last week and declined on Friday, according to our expectations. WE think that USD/CHF is likely to develop its downside tendency in the next couple of days.

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


Gold and Silver Technical Outlook August 30, 2017

GOLD (XAUUSD)



Gold offered an opportunity top open long trades from the MA13 and was in the profit area, allowing to take 5USD. It was enough to protect trades and fix positions partially. There was no further growth and the price reversed for a correction. XAU/USD is close to the MA55 balance line today and there is an opportunity to buy from there.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was in a limited range last week. We think that XAU/USD is likely to resume its growth in the next couple of days.

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

SILVER (XAGUSD)



Silver bounced off the MA13, but we gave no recommendations. We had some doubts that Silver would be unable to resume its growth. It was surprising, that XAG/USD had a significant growth. We think it is a good idea to look for long trades from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was trading in a limited range last week. We think that XAG/USD is likely to resume its growth in the next couple of days.

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

Technical Outlook August 31, 2017

EURUSD



The currency pair declined with the same speed that it had when it was growing previously. We think that EUR/USD has made a reverse and is going to develop this downside tendency. What are the main reasons for such a sharp decline? Those are the better than expected US GDP data and ADP Non-Farm Payrolls. The Advance US GDP data reached 3,0% against 2,6%. The number of investors, who believe in the probability of the Interest Rates hike on December increased as the FedWatch Tool reached 40,6% against about 36% earlier this week. We think that the currency pair is likely to develop its downside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a limited range last week and went upwards on Friday. We think that EUR/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 avoid trading today as the situation is unclear.

GBPUSD



The currency pair was the most resistant as it held its positions when the others were defeated by USD. However, we think that GBP/USD is likely to decline in the nearest future. There is no tendency currently and we give no recommendations (if you want, you may look for short trades). There are many releases today from Eurozone and the United States. However, we think that market participants are looking forward to see today’s and tomorrow’s US data.

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

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

AUDUSD



The currency pair changed its tendency as you may see it on the chart and has broken through the trend line on the Hourly timeframe. The last fact proves that AUD/USD is likely to develop a downside tendency in the nearest future. We advise to open short trades at the moment from the broken through trend line or from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a range last week according to our expectations. We think that AUD/USD is likely to develop an upside tendency in the next couple of days.

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

USDCHF



The currency pair continued its upside dynamics yesterday and established an upside tendency. USD/CHF has broken out the trend line on the Hourly chart. This fact proves that the market participants are buying more than selling. We think it is a good idea to look for long trades from the trend line on the Hourly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was fluctuating in a limited range last week and declined on Friday, according to our expectations. We think USD/CHF 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 trades from the MA55 balance line or from the trend line. Place stop losses below those indicators.

Technical Outlook September 1, 2017

EURUSD



The currency pair is trying to reverse its current tendency and to go upwards due to the US data, which pushes USD downwards again. Personal Spending is weak as well as Consumer Prices. Those figures may prevent the Federal Open Market Committee from the next Interest Rates hike, which is planned for December. Today we advise to pay attention to the US Labor Market and Average Hourly Earnings data, which is able to change the situation. However, Labor Market data is unable to change the situation whatever the figures will be as the Fed is paying more attention to the inflation than to Labor Market currently.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a range last week according to our expectations and had a sharp growth on Friday. We think EUR/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 close to the MA55 balance line. We advise to avoid trading today as the important data is expected and the current situation is unclear.

GBPUSD



The currency pair made a spike yesterday and we think it has some difficulties to develop its downside tendency. There are two probabilities for today. The currency pair is likely both to grow or to decline. However, even stronger than expected US Labor Market data is unable to push GBP/USD significantly downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a range last week according to our expectations and went upwards on Friday. We think that GBP/USD is likely to develop its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We give no recommendations today as the situation is unclear. Pay attention to today’s US Labor Market and Average Hourly Earnings data, which is able to increase volatility.

AUDUSD



The currency pair almost reached the trend line in the end of the American session and tried to decline again during the Asian session. However, we think that AUD/USD is unlikely to decline after yesterday’s data. We advise to fix trades from the trend line as we think that AUD/USD is going to develop its upside tendency today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was fluctuating in a small range last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

There is the 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



The currency pair reached the trend line in the end of the American session. It was too late to open trades at that moment but if you managed to, you could have some profit by now. We advise to fix trades if you have some as there is a probability that the currency pair is going to decline after the US data.

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

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


Gold and Silver Technical Outlook September 1, 2017

GOLD (XAUUSD)



Gold had a sharp upside tendency on Thursday as the US data was worse than expected. Yesterday’s Personal Spending and consumer price data was weak and did not met Fed’s expectations. It means that the Federal Open Market Committee is likely to postpone the next Interest Rates hike and is unlikely to do any steps on December. This is the main reason why precious metals are growing. There are several Labor Market and Average Hourly Earnings releases today, but they are unlikely to change the situation considerably.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold was trading in a range last week according to our expectations. WE think that XAU/USD is likely to resume its growth in the next couple of days.

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

SILVER (XAGUSD)



Silver went upwards yesterday but failed to establish new highs. We think that XAG/USD is going to do it today after the US Labor Market and Average Hourly Earnings releases. We give no recommendations as there is no tendency at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver was fluctuating in a limited range last week according to our expectations. We think that XAG/USD is likely to resume its growth in the next couple of days.

There is 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.

Technical Outlook September 4, 2017

EURUSD



The currency pair was trading in both directions after the weaker than expected US Labor Market and Average Hourly Earnings data. Those figures did not met the FED’s expectations and the statistic is likely to be taken into account when the Federal Open Market Committee is going to take their another decision. However, the currency pair went upwards for a while and then returned to its previous positions on Friday. We think that EUR/USD is likely to have limited dynamics as there is a holiday in the United States.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week but then declined with the same speed. We think that EUR/USD is likely to be fluctuating in a range in the next couple of days.

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

GBPUSD



The currency pair had an upside tendency on Friday and established new highs of the week. The US Labor Market and Average Hourly Earnings data was disappointing and GBP/USD has chosen an upside direction. However, the growth was moderate as there are long holidays in the United States. We think that the currency pair is likely to have limited volatility due to the Labor Day in the United States.

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

AUDUSD



The currency pair reached the weekly highs on Friday. However, the growth was moderate. We think that market participants were inactive due to the upcoming holidays in the United States. We expect noting interesting today but we think that the currency pair is likely to choose any direction tomorrow.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some moderate growth last week according to our expectations. We think that AUD/USD is likely to develop its growth or to be fluctuating within a 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair was fluctuating with high volatility on Friday without any clear direction. We think that USD/CHF is likely to form a Triangle or a horizontal channel . Anyway, there is no tendency at the moment and we expected the currency pair to be fluctuating in a limited range today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined considerably last week but then went upwards on Friday. We think that USD/CHF is likely to establish a wide 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.


Gold and Silver Technical Outlook September 4, 2017

GOLD (XAUUSD)



Gold developed its upside tendency on Friday after the weaker than expected US Labor Market and the Average Hourly Earnings data. Those figures were disappointing and XAU/USD has got additional support against USD. US Interest Rates hike odds decreased. Low inflation and the weak Labor Market data are two main reasons why the Federal Open Market Committee is likely to postpone the monetary policy tightening. Gold dynamics support this idea.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according 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)



Silver went upwards on Friday as well and established new highs from April. We give no recommendations today as the price is close to the upper side of the MA-channel.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that Silver is likely to develop its upside tendency in the next couple of days.

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

Technical Outlook September 5, 2017

EURUSD



The currency pair fluctuated in both directions in a tight range yesterday according to our expectations. There was the holiday in the United States and the volatility was low due to low volumes. There are several important figures today including Eurozone PMI and Retail Sales data. Trading volumes are going to restore today and we think that EUR/USD is likely to increase its volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had the expected growth last week, but then decreased sharply on Friday. We think that EUR/USD is likely to establish a trading 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.

GBPUSD



The currency pair declined yesterday and change its tendency. There is no trend currently. There is important UK PMI data on the way and we think it may lead to some significant fluctuations. There is no tendency currently and we advise to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that GBP/USD is likely to establish a trading 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



The currency pair fluctuated in a tight range yesterday according to our expectations due to the US holiday. AUD/USD went upwards during the Asian session after the Australian and Chinese data. The reserve Bank of Australia is going to finish its meeting in the couple of hours. Market participants expect this financial institution to leave the monetary policy unchanged.

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

USDCHF



The currency pair had a support at 0,95500 and is unable to cross it. There is no tendency currently and we have no idea what direction USD/CHF is likely to choose in the nearest future. We advise to monitor the currency pair in order to see what tendency it is going to establish. There is important Swiss GDP and inflation data on the way. The currency pair is likely to choose any direction after those figures depending on the results.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined considerably last week according to our expectations, but then went upwards sharply. We think that USD/CHF is likely to establish a 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.


Gold and Silver Technical Outlook September 5, 2017

GOLD (XAUUSD)



Gold stopped its growth on the yearly highs due to the US holidays. However, there are some reasons for XAU/USD to resume its growth including tensions between the United States and the Northern Korea as well as the probability of the next Interest Rates hike to be postponed. We think that Gold is likely to choose the upside direction in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD resumed its growth last week according to our expectations. WE think that Gold is likely to develop its upside dynamics in the next couple of days.

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

SILVER (XAGUSD)



Silver had low volatility yesterday but we expect this precious metal to gain some volumes today. The price is moving towards the MA55 balance line and we think the XAG/USD is likely to bounce off it. Silver is in the uptrend currently and we advise to open long trades today.

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

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

Technical Outlook September 6, 2017

EURUSD



The currency pair continues to fluctuate within a tight range. Yesterday’s Eurozone data was worse than expected as all separate figures disappointed market participants. Investors are on the crossroad now as they need to choose any direction and have no idea what to do next. We think that the European Central Bank meeting, which is to be held tomorrow, will clarify the situation and help market participants to make any decision. Anyway, it is better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations, but then decline sharply on Friday. We think that EUR/USD is likely to establish a 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.

GBPUSD



The currency pair had a sharp growth yesterday despite worse than expected UK PMI data. The currency pair had made some attempts to decline last week but failed to cross 1,29000 level. This week GBP/USD was ready to make an upside momentum and this happened yesterday. There is an upside tendency no and we think it is time to look for long trades.

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 establish a trading range in the next couple of days.

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

AUDUSD



The currency pair established new highs. The price goes upwards at the moment. We think it is a good idea to look for long trades. Today’s Australian data was disappointing as they were weaker than expected. However, AUD/USD failed to go downwards and we think it is going to resume its growth in the nearest future.

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 AUD/USD is likely to establish a range in the next couple of days.

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

USDCHF



The currency pair fluctuated in both directions yesterday and crossed the support line at 0,95500. USD/CHF was above this level for the most part of the American session and crossed 0,95500 in the end of this session finally. There is the downtrend currently and we think it is a good idea to look for short trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week according to our expectations but went upwards on Friday. We think that USD/CHF is likely to establish a wide range in the next couple of days.

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


Gold and Silver Technical Outlook September 6, 2017

GOLD (XAUUSD)



Gold offered opportunities to buy from the MA55 balance line area according to our recommendations. You could earn about 150 pips yesterday. Growth prospective are lower already but you can still try to open long trades form the MA55 balance line today. US data is weak and the tensions between the United States and Northern Korea may result in the further uptrend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according 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 open long trades from the MA55 balance line. Place stop losses below the indicator.

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and there was no opportunity to buy. It is better to be cautious now as there is a probability of a downside correction. However, there is an opportunity to open long trades from the MA55 balance line with small stop losses.

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

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

Technical Outlook September 7, 2017

EURUSD



The currency pair continued its fluctuations within a range yesterday as the market participants are looking forward to see the results of today’s European Central Bank meeting, which takes place during the European session.

This event is going to influence further EUR/USD fluctuations. USD has got some support yesterday as the US President approved the increase of governmental debt limits. Everything depends today on the decisions and comments from the ECB Head Mario Draghi and his colleagues.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week, but then declined sharply. We think that EUR/USD is likely to establish a trading 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.

GBPUSD



The currency pair established new highs but reversed sharply and returned to its previous positions. This means that the upside tendency is weak at least and there is a probability of a reverse. However, we have noticed that all the majors decreased volatility on the eve of the European Central Bank meeting. We advise to do nothing today at least before the results of the ECB meeting.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated with an upside bias according to our expectations last week. We think that GBP/USD is likely to establish a range in the next couple of days.

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

AUDUSD



The currency pair declined towards the MA55 balance line yesterday and there was an opportunity to open long trades according to our recommendations. The price went in the direction of forecast and allowed to earn about 400 pips. It was enough to fix trades. Australian Retail Sales data was weak and you can see the results on the chart. We think that the further AUD/USD fluctuations will depend on the ECB meeting results and the ECB head’s comments.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that EUR/USD is likely to establish a range or to develop its growth in the next couple of days.

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

USDCHF



The currency pair went upwards towards the MA55 balance line yesterday and there was an opportunity to sell from there according to our recommendations. The price took the right direction and you could earn about 350 pips. There was no difficulties to fix trades partially. Today’s currency pair fluctuations will depend on the results of the European Central Bank meeting.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week according to our expectations, but then returned to its previous positions. We think that USD/CHF is likely to establish a wide trading 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.


Gold and Silver Technical Outlook September 7, 2017

GOLD (XAUUSD)



Gold went towards the MA55 balance line and there was an opportunity to sell from there according to our recommendations. The price went in the direction of our forecasts and you could have about 45 pips profit. It was enough to fix trades or to protect them. Gold went downwards later as Donald Trump approved the increase of the US governmental debt limits. XAU/USD’s fluctuations will depend on the results of the ECB meeting, which takes place today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according to our expectations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

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

SILVER (XAGUSD)



There was an opportunity to open long trades according to our recommendations yesterday. However, there was no sense to do it, as the opportunity appeared in the end of the American session. Silver slows down its growth at the moment and the price has broken the trend line on the Hourly chart. The MA-channel still looks upwards.

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

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

Technical Outlook September 8, 2017

EURUSD



The currency pair resumed its growth after the ECB meeting results as the European Central Bank members admit higher forecasts on GDP growth. Meanwhile, US data was worse than expected. Those two factors allowed EUR/USD to go upwards. We gave no recommendations yesterday as we advised to open trades after the ECB meeting. The currency pair continues its growth today during the Asian session and it left the MA-channel as EUR/USD crossed the upper side of the MA-channel. We give no recommendations in the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week according to our expectations, but then declined sharply. WE think that EUR/USD is likely to establish a range in the next couple of days.

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

GBPUSD



The currency pair established new highs after stronger than expected UK real estate market data. Another reason for this upside tendency was weaker than expected US data. GBP/USD developed its growth yesterday but no as aggressive as EUR/USD did. We think it is a good idea to look for long trades from the MA55 balance line. However, the price went upwards during the Asian session and you need to look for other probabilities to buy.

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 establish a range in the next couple of days.

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

AUDUSD



The currency pair resumed its growth yesterday despite a weak Australian data. However, today’s Australian data was better than expected and the currency pair continues to grow. It is too late to open long trades now.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some slight growth last week according to our expectations. We think that AUD/USD is likely to develop its growth or to establish a range in the next couple of days.

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

USDCHF



The currency pair speed up its decline after the European Central Bank meeting. We gave no recommendations yesterday as we advised to open trades according to situation. We give no recommendations today as well as the price is beyond the MA-channel lower border.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week but then went upwards sharply. We think that USD/CHF is likely to establish a range in the next couple of days.

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


Gold and Silver Technical Outlook September 8, 2017

GOLD (XAUUSD)



Gold established new highs after the European Central Bank meeting as the ECB members improved their GDP growth forecasts. US data was weaker than expected. We gave no recommendations yesterday but today you can look for long trades. The price is far from the MA55 balance line. You can try risky trades from the MA13.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according to our recommendations. 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 open long trades from the MA13. Place stop losses below the indicator.

SILVER (XAGUSD)



Silver went upwards ignoring technical patterns after the release of the results of the European Central Bank meeting. Those fluctuations resulted in a small stop loss as we advise to sell yesterday. The price is far from the MA55 balance line and we advise to avoid trading.

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

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

Technical Outlook September 11, 2017

EURUSD



The currency pair established new tops on Friday and then went on correction, which is developing at the moment. We can see the uptrend currently, but this correction may be longer, than we expect. The price is close to the MA55 balance line but it is risky to buy right now as we have no idea, when the correction is going to stop. There is the probability that the correction is going to touch the trend line on the Hourly chart (1,19400-600 area).

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a range last week according to our expectations. However, is went upwards on Thursday and Friday after the release of the results of the European Central Bank meeting. We think that EUR/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 open long trades from the MA55 balance line. Place stop losses below the indicator. Those trades are risky. You may also try to buy form 1,19500.

GBPUSD



There was no opportunity to buy from the MA13 as the price failed to reach this area. The upside tendency was too strong and the currency pair avoid to get closer to the MA13. There are several important UK data releases this week as well as the Bank of England Meeting. We think there will be some opportunities to take profit in the next five days.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week which was unexpected for us. We think that GBP/USD is likely to make another upside burst and to have a moderate correction in the next couple of days.

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

AUDUSD



The currency pair had a correction on Friday after its growth during the Asian session. We advised to avoid trading and we were right. We think that AUD/USD is likely to fluctuate with low volatility as there is no important data on the way. You can try long trades with close targets.

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

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

USDCHF



The currency pair reached the MA55 balance line and we think it is time to look for short trades again. However, it is better to sell from better levels such as 0,95300. We think it is better to aim close targets.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator. Those trades are risky. You can also try to sell from 0,95300.


Gold and Silver Technical Outlook September 11, 2017

GOLD (XAUUSD)



Gold offered opportunities to buy from MA13 according to our recommendations on Friday. The price went upwards then for 40pips and it was enough to take profit or to protect trades. XAU/USD started this week with a gap and crossed the trend line. We think that XAU/USD is likely to start a deep correction, which may last for a couple of days.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its growth last week according to our expectations. We think that XAU/USD is likely to reverse its tendency downwards 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.

SILVER (XAGUSD)



Silver made a Doji on the Weekly chart and we think this precious metal is likely to decline in the nearest future. We think that this correction is likely to be deep as it is strong and it is hard to stop it. We think it is a good idea to do nothing today as the volatility is expected to be low.

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

Technical Outlook September 12, 2017

EURUSD



The currency pair offered an opportunity to buy from the MA55 balance line according to our yesterday’s recommendations. The price went upwards in the forecasted direction for 250 pips. Is was enough to fix trades or to protect the rest of your positions. As for the second recommendations, long trades were opened from 1,19500. Stop losses are at 1,19400. The price is close to the strike now but we expect EUR/USD to develop its growth towards the MA55 balance line at least. In this case you will earn about 500 pips.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a range according to our expectations and had a sharp growth on Thursday and Friday after the release of the results of the European Central Bank meeting. We think that EUR/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 hold long trades from 1,19500 and avoid doing anything else.

GBPUSD



The currency pair reached the MA55 balance line after in the end of the American session and you had an opportunity to open long trades. In case if you placed a postponed order, it was executed at 1,31600. The price is above the orders now but this distance is not enough to protect trades. We think that the price is likely to move towards 1,3200 and even above. There is important UK CPI data today, which may drive the currency pair even higher in case if the result is better than expected.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some sharp growth last week. We think that GBP/USD is going to make another sharp upside momentum and to correct 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 hold long trades from the MA55 balance line. Stop loss should be placed below the indicator.

AUDUSD



The currency pair is under the pressure now as USD is going upwards. AUD/USD declined after today’s Australian data as PMI index was worse than expected. It is better to do nothing today as there is no tendency currently and we give no recommendations in this situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. WE think that AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF



The currency pair offered an opportunity to sell from the MA55 balance line and from 0,9539 according to our recommendations. The price went in the direction of our forecasts and you could protect your trades by moving stop loss at breakeven level. The tendency has changed today and the price is close to the upper side of the MA-channel.

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

There is the 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 September 12, 2017

GOLD (XAUUSD)



Gold declined on Monday according to our expectations. We gave no recommendations as there is no tendency currently. The MA-channel proves the downtrend today and we think it is a good idea to try selling from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according to our expectations. We think that XAU/USD is likely to reverse its tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver still has the opportunity to work out a Doji on the Weekly chart and we think it is better to look for short trades. The price may fail to go back towards the Ma55 balance line and we think it is a good idea to sell from the MA13. Aim close targets as we have a correction now.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line or from the MA13. Place stop losses above the indicators.

Technical Outlook September 13, 2017

EURUSD



The currency pair had some growth yesterday and you could have 250 pips profit if you had opened trades according to our recommendations. It was enough to protect your positions and to fix some of them. Then, the price went towards the weekly lows and returned back sharply. We can see a false break out. We think that EUR/USD is likely to resume its upside tendency in the nearest future. The price makes some attempts to cross the MA55 balance line now.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a range last week according to our expectations and then had a sharply growth on Thursday and Friday. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.

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

GBPUSD



The currency pair went upwards yesterday after the better than expected UK Inflation data. Long trades were successful and you could earn about 1300 pips. You had an opportunity to fix trades or to protect them. The price is far from the MA55 balance line today and we advise to do nothing.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week. We think that GBP/USD is likely to develop its upside tendency and then to start a correction in the next couple of days.

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

AUDUSD



The currency pair established a downside tendency but it shows no intention to develop its decline. We think that AUD/USD is likely to change its tendency in the nearest future and this reverse may be sharp. We think it is not a good idea to look for short trades now. It is better to prepare for a reverse.

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 AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF



The currency pair continued to fluctuate close to the upper side of the MA-channel and we gave no recommendations. The price reached the trend line and bounced off it. This is a sign of further reverse. We advise to monitor the price today as it is close to the MA55 balance line. We think that USD/CHF is likely to cross the trend line and to develop its downside tendency in the nearest future.

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

There is the 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 September 13, 2017

GOLD (XAUUSD)



Gold went upwards yesterday and almost reached the MA55 balance line. It happened today, during the Asian session. We think that you can try short trades from the MA55 balance line today. The US CPI data is going to be released within the American session and Gold prices may resume their growth as we do not expect the US inflation to grow.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold develop its growth last week according to our expectations. We think that XAU/USD is likely to reverse its tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver offered an opportunity to sell from the MA55 balance line in the end of the American session according to our recommendations. It is better to do nothing at such moments as Silver prices always have low volatility during the American and Asian sessions. If you have positions, it is better to close them as the price jumped through the MA55 balance line and this is a bad sign for the Bears.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its growth last week according to our recommendations. We think that XAG/USD is likely to reverse its tendency in the next couple of days.

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

Technical Outlook September 14, 2017

EURUSD



The currency pair fluctuated above the MA55 balance line but failed to reverse a tendency. However, later EUR/USD declined according to the current downside tendency. USD becomes stronger on the eve of today’s US CPI data. We give no recommendations as the price is close to the lower side of the MA-channel.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within a range last week according to our expectations but went upwards on Thursday and Friday. We think that EUR/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 avoid trading today as the situation is unclear.

GBPUSD



The currency pair reversed its tendency as it bounced off the trend line on the Weekly chart. There is the Bank of England meeting on the way which may have significant impact on fluctuations. There is also US CPI data to pay attention to. Those figure are also likely to shake markets.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week. WE think that GBP/USD is likely to make another upside momentum and then to start a correction.

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

AUDUSD



The currency pair continued its downside tendency yesterday within the American session after the US data. There was some attempts to change tendency but Bulls were unable to reverse a trend. Today’s Australian Labor Market data was better than expected and AUD/USD has got some momentum. However, it is still under the pressure. There is an opportunity to sell now at a rather good position.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that AUD/USD is likely to develop its 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 trades today from the MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair fluctuated close to the trend line for long time and tested it. We thought that the price bounced it off and it seemed like USD/CHF has made a reverse. However, later the currency pair tested the trend line again and crossed it finally. The price is still far from the MA55 balance line but you can try long trades from the trend line or from the MA55 balance line if the price moves closer to the indicator.

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

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the trend line or from the MA55 balance line (if the price is going to reach the indicator). Place stop losses below those indicators.


Gold and Silver Technical Outlook September 14, 2017

GOLD (XAUUSD)



Gold declined as the US PPI data was better than the previous meaning. The PPI growth was weaker than expected, but producer inflation is above the previous figure. This is a good sign for USD. Today we advise to pay attention to the US CPI data as the volatility is going to rise.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The precious metal developed its growth last week according to our expectations. We think that XAU/USD is going to change its tendency and to decline in the next couple of days.

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

SILVER (XAGUSD)



Silver went upwards but then declined sharply. We think that the current pattern indicates on the probability of further decline of XAG/USD. There is the downtrend currently and we think it is a good idea to sell today.

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

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

Technical Outlook September 15, 2017

EURUSD



The currency pair went upwards yesterday and had a moderate growth after the US CPI data, which was mixed. The final result was better than expected, but the current figures are lower than the Fed wants to reach in order to continue monetary policy tightening. Anyway, we have a downside tendency at the moment and we advise to look for short trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a range last week according to our expectations. We think that EUR/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 as the price is below the MA55 balance line. We advise to sell form the MA55 balance line area. Place stop losses above the indicator.

GBPUSD



The currency pair went upwards sharply after the Bank of England meeting as the head of the financial institution has made some unexpected announcements on the probability of Interest Rates hike in the nearest future as the inflation rises and the BoA has a mandate to contain it. Those comments lead to a new growth and the currency pair went towards the yearly highs. GBP/USD crossed the trend line on the Weekly chart and we think that the currency pair is likely to develop its growth in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards yesterday and that was unexpected. We think that GBP/USD is likely to make another strong upside momentum and then to start a correction in the next couple of days.

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

AUDUSD



The currency pair allowed to open short trades according to our recommendations and take about 500 pips profit. There was an opportunity to fix all trades or close them partially and to protect the rest. It is better to make a stop today as we have already taken some profit and the currency pair seems to change its tendency. We think it is a good idea to do nothing today as the situation is unclear.

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 AUD/USD is likely to develop its growth in the next couple of days.

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

USDCHF



The currency pair offered no opportunities to sell from the trend line. If you sold from the MA55 balance line, you could have losses. We think you can try to buy today from the MA55 balance line as the currency pair is likely to resume its growth in the nearest future.

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

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


Gold and Silver Technical Outlook September 15, 2017

GOLD (XAUUSD)



Gold had a moderate reaction to the US CPI data as inflation is still lower than expected by the Federal Open Market Committee. The market participants have doubts that the Fed is going to hike Interest Rates one more time this year. There was an opportunity to sell and to take some profit during the American session. We advise to avoid trading today as the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The precious metal went upwards last week according to our expectations. We think that the price is likely to reverse 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 avid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver offered an opportunity to open short trades from the MA55 balance line area according to our recommendations and you could earn about 20 pips during the American session. There is no trend today and we think that XAG/USD is going to change its tendency in the nearest future as the price is trying to cross the trend line on the Hourly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its growth last week according to our expectations. WE think that Silver is likely to reverse its tendency downwards 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.

Technical Outlook September 18, 2017

EURUSD



The currency pair went upwards on Friday after the weaker than expected US Retail Sales data. There is a very important event this week – the Federal Open Market Committee meeting. Market participants expect no changes during the meeting, but they look forward to hear something new about the future monetary policy changes and forecasts. There is important Eurozone CPI data today and we think that EUR/USD is likely to move upwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week. We think that EUR/USD is likely to develop its upside dynamics in the next couple of days.

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

GBPUSD



The currency pair went upwards significantly on Friday after the market participants learned about the probabilities of monetary policy tightening in the nearest future. The price went beyond the MA-channel and we think it is better to do nothing at the moment. We think that the price is likely to start a correction towards the MA55 balance line and is going to reach this area by the middle of the week. Then, GBP/USD is likely to resume its growth.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week and crossed a strong resistance level. We think that GBP/USD is likely to start a correction and then to resume its growth by 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



The currency pair forms a pattern which indicates on the probability of a further upside tendency. We advise to be cautious on Friday. AUD/USD is almost ready to change its tendency, but it is better to wait until the MA-channel reverses as well. We advise to pay attention to the Reserve Bank of Australia meeting minutes, which will be released during the Asian session tomorrow. This event is likely to be a driver for the increase of the volatility.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week. 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair failed to grow last week and short trades were closed by stop losses. There are several reasons for USD/CHF to increase its volatility. Today we advise to pay attention to the Final Eurozone CPI data.

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 resume its decline in the next couple of days.

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


Gold and Silver Technical Outlook September 18, 2017

GOLD (XAUUSD)



Gold declined towards the weekly lows and we think the precious metal is going to develop its downside tendency in the nearest future. As for the important events this week, we advise to pay attention to the Federal Open Market Committee meeting, which takes place on Wednesday. If the FOMC members make no clear hints on the probabilities of further monetary policy tightening, Gold is likely to start its growth.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD went downwards last week according to our expectations. We think that Gold is likely to develop its decline in the next couple of days.

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

SILVER (XAGUSD)



Silver failed to make a clear breakthrough of the trend line and we think it has no more power to contain the price. We advise to monitor the price today as Silver is likely to develop its decline.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver developed its growth last week according to our expectations. We think that XAG/USD is likely to develop a downside correction in the next couple of days.

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

Technical Outlook September 19, 2017

EURUSD



The currency pair fluctuated in a range yesterday as the market participants are looking forward to see the results of the Federal Open Market Committee meeting, which ends on Wednesday. The Eurozone CPI data had almost no influence on the fluctuations as they met the expectations. Today we advise to pay attention to the next Eurozone data such as ZEW Economic Sentiment. We also recommend paying attention to the US Building Permits data, which is to be released during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week. We think that EUR/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 open long trades from the MA55 balance line. Place stop losses below the indicator.

GBPUSD



The currency pair returned to the balance line faster that we had expected and we think it is a good idea to look for long trades today from the MA55 balance line. However, yesterday’s price decline was too fast and it is risky to open trades right now.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week and has broken through strong resistance level. We think that GBP/USD is likely to start a correction and then to resume its growth in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

AUDUSD



The currency pair declined yesterday and there is no tendency currently. We though that AUD/USD was going to establish an upside tendency and was going to offer some trading opportunities. However, something went wrong and we advise to do nothing and to monitor the situation as the current market position is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair had almost no changes yesterday. Inflation data from Eurozone showed no changes as well. We advise to pay attention to the next set of Eurozone data today (including ZEW Economic sentiment) as well as to the US Building Permits data. However, we do not expect the rise of the volatility as the market participants will pay more attention to the results of the Federal Open Market Committee meeting.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards significantly last week. We think that USD/CHF is likely to resume 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.


Gold and Silver Technical Outlook September 19, 2017

GOLD (XAUUSD)



Gold developed its negative tendency on Monday as the Interest Rates hike odds increased in the United States. It is hard to say what is the reason for such hike as the inflation data was worse than expected last week. However, investors want to see the FED head’s comments. Janet Yellen may say something about further monetary policy tightening. The price is far from the MA55 balance line and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold reversed its tendency last week according to our expectations. WE think that XAU/USD is likely to develop its decline in the next couple of days.

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

SILVER (XAGUSD)



Silver accelerates its decline yesterday, but we missed the chance to open trades. We think that this is the strongest movement this week that we have failed to take profit from. It happened because the price failed to reach the MA55 balance line. There was no opportunity to sell with lower risks.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver developed its growth last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days as Silver has a correction at the moment.

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.

Technical Outlook September 20, 2017

EURUSD



The currency pair fluctuated in a range yesterday after a sharp momentum during the Asian session. There was an opportunity to buy and you could have 500pips profit. The situation is the same today as the price went upwards during the Asian session. Yesterday’s ZEW Economic sentiment data was mixed. Market participants are looking forward to see the release of the results of the Federal Open Market Committee meeting. Investor expect Janet Yellen to say something about the probabilities of the next Interest Rates hike on December 2017.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that EUR/USD is likely to develop its growth in the next couple of days.

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

GBPUSD



The currency pair declined below the MA55 balance line yesterday. There was an opportunity to buy according to our recommendations and stop losses triggered. There were risks as fluctuations were volatile. The currency pair seems to go downwards in the nearest future as it changes its tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week as it crossed strong resistance level according to our expectations. WE think that GBP/USD is likely to start a correction in the next couple of days.

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

AUDUSD



The currency pair had an upside tendency yesterday and there is no global trend no. We give no recommendations. We advise to pay attention to today’s Federal Open Market Committee meeting results as this event is likely to increase volatility and be the reason of a trend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days.

There is 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



There is no tendency currently as the currency pair has stopped its downtrend recently. We do not believe that the market participants are going to show any activities before the Federal Open Market Committee meeting result release

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

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


Gold and Silver Technical Outlook September 20, 2017

GOLD (XAUUSD)



Gold paused its decline yesterday as the market participants expect the Federal Open Market Committee to say something on the probability of monetary policy tightening on December. We think that XAU/USD is likely to start any trend today and its direction will depend on the comments of the FED head’s Janet Yellen. It is better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gild reversed its tendency last week according to our expectations. We think that XAU/USD is likely to develop its decline as it is a part of a correction.

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

SILVER (XAGUSD)



Silver stopped its decline as the market participants are looking forward to see the results of the Federal Open Market Committee meeting results. It is better to do nothing before the release of those results.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD is likely to decline as the precious metal is in a correction now.

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.