Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

Technical Outlook September 21, 2017

EURUSD



The currency pair declined sharply after the release of the results of the Federal Open Market Committee meeting. The Interest Rate remained unchanged but Janet Yellen has made hints on the probability of another Interest Rates hike this year despite the fact that inflation is below the target level, set by the FED. Fed Watch Tool shows that 70% of market participants expect the FED to change the monetary policy on December. USD has got some support and we think that it is better to look for short trades 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 a downside correction 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 and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair had some growth yesterday after the UK Retail Sales data release, which showed better results. Retail Sales data was much better than forecasted. However, later during the Federal Open Market Committee Head’s comments, GBP/USD went downwards/ There was an opportunity to buy yesterday according to the recommendations, but those positions were closed by stop losses. The price fluctuated in a wide range yesterday and we can say that there was no significant decline, as GBP/USD went upwards on the eve of the event.

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 according to our expectations. We think that GBP/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 open short trades from the MA55 balance line. Place stop losses above the indicator.

AUDUSD



The currency pair went upwards yesterday on the eve of the end of the Federal Open Market Committee meeting. However, when Janet Yellen gave her comments, AUD/USD went downwards sharply. We think that the currency pair is likely to develop its decline in the nearest future. It is better to look for short trades but when the price changes its tendency only. Now it is a good idea 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 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 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.

USDCHF



The currency pair had no clear direction yesterday, but right after the end of the Federal Open Market Committee meeting, USD/CHF went upwards sharply and established a short term tendency for the nearest future. The price is close to the upper side of the MA-channel. If it goes downwards towards the MA55 balance line, you can try long trades.

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. 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 open long trades from the MA55 balance line. Place stop losses below the indicator.


Gold and Silver Technical Outlook September 21, 2017

GOLD (XAUUSD)



Gold developed its downside tendency yesterday after the release of the results of the Federal Open Market Committee meeting. Janet Yellen has made hints on the probability of further Interest Rates growth this year despite the fact that inflation is below the target level. About 70% of investors believe that the FED is going to hike Interest Rates again on December. This fact is going to help USD to go upwards in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. We think that the price is likely decline in the next couple of days.

SILVER (XAGUSD)



Silver declined yesterday. We think that XAG/USD is likely to develop this downside tendency in the nearest future as the FED announced the probability of another Interest Rates hike this year. We think it is a god idea to look for short trades in the nearest future.

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

Technical Outlook September 22, 2017

EURUSD



The currency pair established a downside tendency and approached the MA55 balance line. This is a good position for short trades, but we think that the correction is likely to reach 1,19800 level. You can try short trades right now but the stop loss should be placed upper than usually. We advise to lower the position size in order to manage your money and risks properly.

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 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 open short trades from 1,19500-1,19800 area. Place stop losses above those levels.

GBPUSD



The currency pair bounced off the MA55 balance line and you had an opportunity to fix your trades partially if you had opened short trades previously according to our recommendations. You could have about 400pips. GBP/USD had a sharp growth afterwards and has broken this unstable downside tendency. We think that it is a good idea to monitor the situation today and to do nothing.

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 and crossed strong resistance level. We think that GBP/USD is likely to develop a 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.

AUDUSD



The currency pair developed its downside tendency after the Reserve Bank of Australia Head’s comments. He disappointed all those who believed in the probability of Interest Rates hike in the nearest future. The RBA Head says that his organization will follow the neutral position as long as possible. AUD/USD went downwards in this situation. We think that the currency pair will be under the pressure 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 a correction last week. 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 avoid trading today as the situation is unclear.

USDCHF



The currency pair declined towards the MA55 balance line and we think that it is time to look for long trades. However, the price is able to push even lower and to reach 0,96400-500 levels. We advise to wait until the price ends its downside move and to take decisions when it happens. We also advise to lower the size of your trading positions in order to minimize risks.

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 resume its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from 0.96400-0,96700. Place stop losses below those levels.


Gold and Silver Technical Outlook September 22, 2017

GOLD (XAUUSD)



Gold failed to reach the MA55 balance line and developed its downside tendency yesterday. There was no opportunity to open short trades. We can see an upside correction currently, which is likely to reach the trend line on the Hourly chart. You can try selling Gold from those levels.

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 recommendations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1305-1307 area. Place stop losses above the trend line.

SILVER (XAGUSD)



Silver declined yesterday and failed to reach the MA55 balance line offering no opportunities to sell. Today we have a correction which is able to last until the price reaches 17,10 level or trend line on the Hourly chart. It is up to you to choose whether to sell from 17,10 or 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. 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.

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 or from the trend line. Place stop losses above those levels.

Technical Outlook September 25, 2017

EURUSD



The currency pair started a correction and went downwards even deeper than we had expected. It went below 1,19800. If you had opened short trades on Friday, they were closed by stop losses as the price went against forecasts for 250 pips which is too much for stop losses. Today we advise to pay attention to German IFO Business Climate data, which is likely to increase the volatility. It is better doing nothing at the moment 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 developed its downside correction last week according to our expectations. 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 is fluctuating within a wide range and we think GBP/USD is likely to decline moderately this week. There is no important data today and we think that the currency pair is likely to continue to fluctuate within this range without any changes.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated according to our expectations last week. We think that GBP/USD is likely to start a 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 had an upside correction on Friday and is above to resume its downside tendency in the nearest future. AUD/USD is in a good place for short trades now and we think it is a good idea to sell. It is better to aim close targets as there are no reasons for the currency pair to go deeper downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but failed as USD went upwards after the Federal Open Market Committee meeting. 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 offered opportunities to open long trades from 0,96700, but if you placed an order, there was np chance to execute the trade. You could open positions manually, but the growth was moderate and it was hard to earn something in this situation. We advise to monitor charts today and 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 frustrating our expectations. We think that USD/CHF is likely to develop this tendency in the next couple of days.

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


Gold and Silver Technical Outlook September 25, 2017

GOLD (XAUUSD)



There was no opportunity to open trades according to our recommendations as the price failed to approach the trend line. The volatility was low and the price was able to approach the MA55 balance line. We advise to try opening short trades from 1300, 1302,000 on the Hourly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed it downside tendency last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from 1300-1302,000. Place stop losses above the trend line.

SILVER (XAGUSD)



Silver failed to reach the MA55 balance line and we give the same recommendations today. Precious metals are still under the pressure as the Federal Open Market Committee is likely to hike Interest Rates on December.

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 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 are or from the trend line. Place stop losses above those indicators.

Technical Outlook September 26, 2017

EURUSD



The currency pair declined yesterday after the final release of the results of German elections. Merkel held her current position and her party has won the majority, but her positions are not as stable as they were before as ultra right party has gained more votes this time. It means that Merkel has to start negotiations with them. We don’t think that this situation is going to influence EUR/USD for long time. However, there is the downtrend currently as the price has broken through the trend line on the Hourly chart. It is better to look for short trades now.

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

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

GBPUSD



The currency pair shifted towards the lower side of the range according to our expectations. We think that GBP/USD is likely to develop its downside tendency. We think it is a good idea to look for short trades from the MA55 balance line. AS for the important events, we advise to pay attention to Yellen’s speech, which takes place in the end of the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair has met our expectations last week. 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. Place stop losses above the indicator.

AUDUSD



The currency pair declined moderately as we had previously expected. You could earn not more than 300 pips if you had opened short trades from the MA55 balance line. There was no sense to hold trades more as the currency pair changed its tendency and it is in the neutral positions now. It is better to take no decisions now.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but USD went upwards after the release of the results of the Federal Open Market Committee meeting. We think that AUD/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.

USDCHF



The currency pair went downwards as the tensions between the Northern Korea and the United States grow again. Swiss Franc is used as a shelter currency in this case and you can see it clearly on the chart. The currency pair is trying to establish a downside tendency and we think there is an opportunity to open short trades on the Hourly chart.

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 frustrating our expectations. We think that USD/CHF is likely to develop this 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.


Gold and Silver Technical Outlook September 26, 2017

GOLD (XAUUSD)



Gold went upwards sharply because of the growth of tensions between the Northern Korea and the United States. The US President and the Minister of Foreign Policy of the Northern Korea exchanged some rough comments.

Precious metals went upwards as they used as shelter in times of geopolitical instability. Short trades from the trend line were closed by small stop losses. Gold has broken through the trend line on the Hourly chart and we think that the precious metal is going to change its tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold develop a downside 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 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 from the trend line or from the MA55 balance line. Place stop losses beyond those indicators.

SILVER (XAGUSD)



Silver offered an opportunity to open short trades according to our recommendations and you could protect your trades. It is better to avoid selling from the trend line as XAG/USD is changing its tendency. It is better 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 developed 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 open long trades from the MA55 balance line area. Place stop losses below the indicator.

Technical Outlook September 27, 2017

EURUSD



The currency pair offered an opportunity to sell from the broken through trend line according to our recommendations. The price did not reach the line as such situations are rare for the market. There was no retrace and you could earn about 1000 pips. The currency pair is still under the influence of the German elections, which took place the last weekend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its correction last week according to our expectations. We think that EUR/USD is likely to continued 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.

GBPUSD



The currency pair offered opportunity to sell according to our recommendations. The price was close to the MA55 balance line and you had the chance to sell from there. If you opened those trades, you could earn about 1000pips. Janet Yellen protected her current plans to hike Interest Rates again and market participants expect the Federal Open Market Committee to tighten monetary policy again this year.

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 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.

AUDUSD



The currency pair establishes a downtrend and you can try short trades today. There are no important events to influence fluctuations and we think that AUD/USD is likely to follow USD’s dynamics. We still think that the target should be small.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its growth last week, but failed to do it as the Federal Open Market Committee announced the probability of another Interest Rates hike this year. 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 open short trades from the MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair offered opportunities to open short trades from the MA55 balance line. If you entered the market, you could have small losses as USD/CHF failed to develop its downside tendency. The currency pair is in the neutral positions now. The tensions between the United States and the Northern Korea went down and we think that USD/CHF is likely to fluctuate according to the situation with USD. Is it better 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 frustrating 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 September 27, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open trades from the MA55 balance line. And from the trend line. In both cases you had no chance to win as there was no further upside tendency, but the price did enough to protect your trades. The Fed’s Head Yellen announced yesterday that the US Central Bank still consider the probability of Interest Rates hike this year. We give no recommendations as there is no tendency today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold had a downside correction 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 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 offered an opportunity to buy from the MA55 balance line and those trades resulted in small losses. USD is on the uptrend now as the Federal Open Market Committee is likely to hike Interest Rates again this year. There is no tendency currently and we advise to do nothing.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed 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 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 28, 2017

EURUSD



The currency pair developed its downside tendency yesterday as it is under the influence of the German Federal elections, which took part on Sunday. There is another reason for this downtrend – the Federal Open Market Committee has announced the probability of another Interest Rates hike this year. It is to mention that Interest Rates hike futures reached the 83% mark. However, yesterday we have seen the first signs of this tendency to slow down. We advise to be cautious when trading downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/USD is likely to continue 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.

GBPUSD



The currency pair declined yesterday during the Asian session and stopped its decline later. We think those are the signs that the downside tendency loses momentum. It is better to be cautious when trading downwards as you may catch a significant upside correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated according to our expectations last week. 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 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 developed its decline yesterday and had an upside burst, but it was not enough to offer any trading opportunities. You can try to sell from the MA55 balance line today but we think that AUDUSD is likely to start a correction tomorrow. There is the probability that the correction is going to start today. You have to protect your trades in this case.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair tried to resume its upside tendency last week but failed as USD went upwards. We think AUD/USD is going 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 sell from the MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair continued to fluctuate without any clear tendency. The price is stable after the exchange of comments between the US and the Northern Korea. There is no clear tendency yet and 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 developed its growth last week frustrating our expectations. We think that USD/CHF is likely to develop this tendency in the next couple of days.

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


Gold and Silver Technical Outlook September 28, 2017

GOLD (XAUUSD)



Gold developed its decline yesterday and established a downside tendency. Interest Rates hike odds increased and push Gold downwards. The Interest Rates hike futures reached 83% mark. This means that the market participants have no doubts that the Federal Open Market Committee is going to take the expected decision on December. We think that USD/CHF is likely to develop its decline. WE advise to open trades when the correction ends.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed downside correction last week according to our expectations. We think that XAU/USD is likely to continue 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 1288,000.

SILVER (XAGUSD)



Silver established a downside tendency and we think it is time to look for short trades from the MA55 balance line (if the price reaches this indicator). If Silver fails to make a correction before the American session, it is better to avoid trading.

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

Technical Outlook September 29, 2017

EURUSD



The currency pair ended its downside tendency yesterday and thwarted an upside correction. If you opened a short trade, this positions would close by a stop loss. As you know, no trend lasts forever. There is no tendency currently and we give no recommendations. There are no events on the way, that may change the market situation today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our recommendations. 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 started its correction yesterday. If you had short trades, whey were closed by stop losses. There is no tendency today and we give no recommendations. As for the important events, pay attention to the US consumer spending data, which will 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 according to our recommendations last week. We think that GBP/USD is likely to start a 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.

AUDUSD



The currency pair offered an opportunity to open short trades during the American session. You had an opportunity to protect positions during the Asian session. There is a probability of another downside momentum and we advise to leave trades for a while as they are protected and you will have no loss in case if the price goes against your forecasted direction. AS for the important events today, we advise to pay attention to the US consumer spending 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 tried to resume its growth last week, but USD growth was strong. We think that AUD/USD is likely 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 continued to fluctuate without any clear tendency. It is fluctuating within a range now. We give no recommendations, as there is no trend currently. We advise to pay attention to the US consumer spending data, which is to be released during the American session.

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 this tendency in the next couple of days.

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


Gold and Silver Technical Outlook September 29, 2017

GOLD (XAUUSD)



Gold offered an opportunity to sell from 1288,000 during the American session and you had a chance to protect your trades during the Asian session. There is downside tendency currently and we advise to hold those short trades as your positions are protected. As for the important events, we advise to pay attention to consumer spending data, which is to be release during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside tendency last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold short trades from 1288,000.

SILVER (XAGUSD)



Silver approached the MA55 balance line in the beginning of the American session offering opportunities to sell according to our recommendations. The price declined enough to move stop losses at breakeven level. Later, stop losses triggered. There is no tendency currently and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its downside tendency last week according to our recommendations. We think that Silver 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.

Technical Outlook October 2, 2017

EURUSD



The currency pair developed its correction on Friday but is showing some signs of further decline today. EUR is under the pressure due to the events in Spain where there was a referendum on Sunday. Catalons announced their victory, but the Spanish government accuse them in breaching the law. It is hard to say now, what will be next and investors prefer to sell EUR. The main event for this week is the US Labor Market data. It is also recommended to pay attention to the US and UK ISM and PMI data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside tendency last week according to our recommendations. We think that EUR/USD is likely to develop its downside correction in the next couple pf 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 continues its correction but we think it is likely to develop its decline in the nearest future. WE think that GBP/USD is likely to start its downside tendency even today. The price is likely to cross 1,33500 level and you can take this opportunity. It is better to wait until the price crosses this level and open trades when GBP/USD will go back to retest it.

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 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 open short trades today from 1,33500. Place stop losses above this level.

AUDUSD



The currency pair declined and you had an opportunity to take about 350 pips. It was enough to fix positions and to protect the others. However, we think that AUD/USD is likely to develop its decline and to provide you even with more money.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/USD is likely 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 hold short trades from 0,78550.

USDCHF



The currency pair developed its neutral fluctuations within a small range on Friday. We think that USD/CHF is likely to develop some growth in the nearest future. However, there is no tendency currently and it is better to do nothing at the moment.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The price was within a range 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook October 2, 2017

GOLD (XAUUSD)



There was no profit in the trade if you had opened positions on Friday as short trades from 1288,000 were closed by stop losses. USD resumed its growth despite the fact that the US data on Friday was worse than expected. XAU/USD established new lows. We think that Gold is likely to develop its downside tendency in the next couple of days.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed a downside correction last week according to our expectations. We think that XAU/USD is likely 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 MA13. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver resumed its decline during the American session on Friday and continued its downside tendency today. There is the downtrend now and we think it is a good idea to look for short trades. We think that Silver has probabilities to resume its decline.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed 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. Place stop losses above the indicator.

Technical Outlook October 3, 2017

EURUSD



The currency pair developed its moderate decline yesterday and established new lows during the Asian session. EUR/USD fluctuated in a range yesterday after its downside tendency during the Asian session. Eurozone PMI data was worse than expected and gave no support to EUR. Today we have similar situation as Asian session gives fuel to further fluctuations.

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

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

GBPUSD



The currency pair declined according to our expectations, but there was no retest of 1,33500 level and GBP/USD gave no opportunity to open trades. The UK PMI data was significantly weaker than expected and GBP went sharply downwards. We give no recommendations today as the price is close to the lower side of the MA55-channel.

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

AUDUSD



The currency pair fluctuates with no clear direction as the market participants are looking forward to see the results of the Reserve Bank of Australia meeting. Investors hope that the RBA head is going to make any hints on the probability of further monetary policy tightening in future. However, today the currency pair is likely to develop its decline towards 0,77400.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that AUD/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 hold short trades from 0,78550.

USDCHF



The currency pair established new highs during the Asian session and is able to develop its upside tendency in the nearest future. We think it is a god idea to look for long trades from the MA13 as this growth may be strong and sharp. We think that currency pair shows some signs of an upside tendency and the chances for those trades to have positive outcome are high.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a range 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 buy from the MA13. Place stop losses below the indicator.


Gold and Silver Technical Outlook October 3, 2017

GOLD (XAUUSD)



Gold offered opportunity to open trades from the MA13 according to our recommendations and stop losses triggered. We think that XAU/USD is likely to make a correction towards the MA55 balance line and then Gold is likely to resume its decline. This downside tendency may last for a couple of days. We advise to sell from the MA55 balance line or even higher.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold had a downside correction 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 open short trades from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver offered opportunity to sell from the MA55 balance line and you could have 15 pips profit. It was enough to protect trades and to fix your positions partially. Precious metals are likely to start an upside correction today and we think it is a good idea to fix the rest of your positions or to leave them to chance.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed 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 avoid trading today as the situation is unclear.

Technical Outlook October 4, 2017

EURUSD



The currency pair had an upside correction yesterday and has broken its downside tendency. The MA-channel still looks downwards but the currency pair goes upwards and is far above the MA55 balance line. Today we advise to pay attention to the Eurozone PMI data as we think EUR/USD is likely to increase its volatility after the release of this data. We think that the currency pair is likely to fluctuate within a range 1,17000-1,18300.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair fluctuated in a range yesterday and we think it is going to start its growth today. We expected GBP/USD to reach 1.33500 level. However, we give no recommendations as the global tendency on the Hourly chart is downside. Today we advise to pay attention to the UK Services PMI and we think that GBP/USD is likely to increase its volatility after this release.


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 GBP/USD is likely to develop its upside 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 as the situation is unclear.

AUDUSD



The currency pair failed to reach 0,77400 level and reversed sharply upwards. We think that USD is weak as the US Labor market data is to be released in the nearest future. Today we advise to pay attention to the US ADP Non-Farm Employment Change. This data is a sort of prelude to the Friday’s US Unemployment Rate and Non-Farm Employment change.

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

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

USDCHF



The currency pair offered opportunity to buy from the MA13 and there was a chance to take profit as the price went in the direction of forecasts. 120 pips was enough to move stop losses at breakeven level. However, later the currency pair declined towards the MA55 balance line and crossed it during the Asian Session. We think USD/CHF is likely to fluctuate within a range 0,96850-0,97850.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a range last week. 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 below the MA55 balance line. WE advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook October 4, 2017

GOLD (XAUUSD)



Gold failed to offer an opportunity to sell from the MA55 balance line as the price reached the indicator during the Asian session. We recommended to open short trades from the MA55 balance line or higher and we advise to open trades today from 1277,000. There is important US Labor market data today to be released. We think that this data is able to push Gold in the necessary direction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold had a downside correction last week according to our expectations. We think that the price 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 above the MA55 balance line. We advise to open short trades from 1277,000. Place stop losses above this level.

SILVER (XAGUSD)



Silver had a correction yesterday and we were right to recommend closing short trades yesterday. The price is close to the trend line and we think it is going to try to cross it In this case, we think that Silver is likely to change its tendency and there will be opportunities to buy from the trend line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline 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 downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. We advise to open long trades form the trend line. Place stop losses below the trend line.

Technical Outlook October 5, 2017

EURUSD



The currency pair fluctuates above the MA55 balance line and has broken the downside tendency. EUR/USD went upwards yesterday during the Asian session but failed to develop this tendency as the Eurozone data was weaker than expected. We have noticed yesterday, that the currency pair was going to be trading within a range 1,17000-1,18300. We advise to pay attention to the European Central Bank meeting minutes, which are to be released during the European session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair failed to grow yesterday and fluctuated within a limited range. We think that GBP/USD is likely to bounce off the trend line on the Hourly chart and is going to move towards 1,33500 level. IF this not happen today, we expected the currency pair to do it on Friday after the release of the US Labor Market data. We could recommend buying from the trend line, however, the MA-channel goes downwards.

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 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.

AUDUSD



The currency pair fluctuated within a range yesterday. AUD/USD declined sharply after the Australian Retail Sales data. We think that USD is likely to increase its influence on the eve of the US Labor Market data release.

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is 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 failed to leave the range 0,96850-0,97850. We think that USD/CHF is likely to develop this tendency today. The only think that may change the situation is the release of the European Central Bank Meeting minutes.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a range. 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 October 5, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open trades according to our recommendations from 1277,000. However, those trades resulted in losses. The price went upper, than we had expected. The ADP data influenced the market, but the positions were closed at that moment. We think that Gold is likely to resume its decline today, but there is a probability, that Gold may fluctuate within a range on the eve of the US Labor Market data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold made a downside correction last week according to our expectations. We think that XAU/USD is likely to decline within a correction.

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 crossed the trend line and went back to it according to our recommendation. The price went upwards for 15 pips and it was enough to protect positions or to fix profit. The price went downwards later and the rest of the positions was fixed by stop losses. We think that Silver is likely to resume its decline today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. The price 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.

Technical Outlook October 6, 2017

EURUSD



The currency pair declined yesterday as the FED Interest Rates hike odds increase again. The European Central Bank’s meeting minutes had no surprises and had almost no influence on the price. USD went upwards as 88% of investors believe that the Federal Open Market Committee is going to hike Interest Rates on December. We advise to pay attention to today’s US Labor Market data. It is better to wait until the release of the US data before doing anything.

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 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 take any decision after the release of today’s US Labor Market data.

GBPUSD



The currency pair has broken through the trend line and went downwards after the comments of the Bank of England MPC’s member. He said that the market participants had misunderstood the latest words of the head of the Bank of England on the probability of Interest Rates hike. The price went downwards. We advise to pay attention to today’s US Labor Market data, which 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 had a downside correction last week according to our expectations. We think that GBP/USD is likely to develop its downside tendency in the next couple of days.

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

AUDUSD



The currency pair went downwards yesterday as USD goes upwards. USD growth is due to the increase of FED Interest Rates hike odds. We advise to pay attention to today’s US Labor Market data, 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 developed its downside tendency last week according to our expectations. We think that AUD/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 open trades after the US Labor Market data today.

USDCHF



The currency pair went above the uppers side of the trading range 0,96850-0,97850. This happened even before the US Labor Market data. We advise to pay attention to today’s US data, which is able to increase volatility.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a range 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 trades after the release of the US Labor Market data.


Gold and Silver Technical Outlook October 6, 2017

GOLD (XAUUSD)



Gold declined yesterday according to our expectations. This happened due to the increase of the Interest Rates hike odds. The volume of investors, who believe that the Federal Open Market Committee is going to hike rates rose to 88%. We advise to pay attention to today’s US Labor market data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. We think XAU/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.

SILVER (XAGUSD)



Silver failed to develop its decline yesterday. The price is close to 16,55 level, and is able to cross it after the release of today’s US Labor Market and Average Hourly Earnings data.

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

Technical Outlook October 9, 2017

EURUSD



The currency pair shows some signs of future reverse. The Friday’s US Labor Market data was mixed as the number of new jobs declined significantly but the Unemployment Rate declined as well. The Average Hourly Earnings data showed significant growth and reached 0,5%. This data is strong in a total and USD went upwards. However, market participants decided to sell USD by the end of Friday’s session as the US Non-Farm Employment data was significantly worse than expected. EUR/USD still establishes an upside tendency 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 developed its 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 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.

GBPUSD



The currency pair is still under the pressure after the events of the last week. Some of the Bank of England’s Monetary Policy Committee members did comments on the probabilities of Interest Rates growth. They said that investors had misinterpreted the words of the Bank of England’s head. Another reason for GBP/USD to decline is a political situation in the United Kingdom as some political forces ask the prime minister to leave her position. We think that GBP/USD is likely to remain under the pressure in the next couple of days.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that GBP/USD is likely to develop its decline in the nearest future.

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

AUDUSD



The currency pair is still under the pressure. We think that today it becomes clear whether AUD/USD is going to change its tendency or resume its decline. This will depend on USD mostly.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its 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 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 offers opportunities to buy. You can try to open long trades aiming 700 pips profit from the current price. You will be able to fix profit in this area if everything goes according to our forecasts.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that USD/CHF 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 close to 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 October 9, 2017

GOLD (XAUUSD)



Gold shows the weakness of USD as the Friday’s US Non-Farm Employment Change data was worse than expected and significantly decline as compared to the previous meaning. However, the Average Hourly Earnings and the Unemployment Rate were better than expected. Market participants first pushed Gold downwards and then decided to buy Gold. The speed of fluctuations increased today during the Asian session and there is no opportunity to open trades today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a Doji, which is clearly seen close to the broken through trend line.

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 has crossed 16,55 level and declined significantly. However later the price went upwards and reached the weekly highs. XAG/USD has crossed the weekly highs today during the Asian Session and we think that Silver is likely to develop its upside tendency in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that Silver 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.

Technical Outlook October 10, 2017

EURUSD



The currency pair fluctuated within a limited range yesterday as it is going to change its tendency in the nearest future. EUR/USD went upwards today during the Asian session as USD continues to decline. We think that the US currency is going to be under the pressure this week. EUR/USD changes its tendency changes its tendency today and it is a good idea 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 developed its downside correction last week according to our expectations. We think that 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 above the MA55 balance line. We advise to buy from the MA13. Place stop losses below the indicator.

GBPUSD



The currency pair went upwards yesterday despite all the factors that may push GBP downwards. There was an opportunity to sell according to our recommendations, but those trades were unsuccessful as stop losses triggered. We advise to pay attention to important UK data today as it may help the currency pair to develop its growth.

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

AUDUSD



The currency pair has got some additional support during the Asian session due to the Australian data. The NAB index was better than expected as the final reading was stronger than the forecast. We can see that AUD/USD is trying to reverse its tendency, but it is still in the neutral position.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its 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



The currency pair developed its growth yesterday and it was enough to protect trades and fix them partially. USD/CHF failed to reach its target but the price develops a reverse pattern. There is no tendency currently and the currency pair is able to reverse today. We think it is time to look for risky short trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that USD/CHF 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 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 October 10, 2017

GOLD (XAUUSD)



Gold established an upside tendency yesterday but the price is far from the MA55 balance line. USD is under the pressure as the tensions between the Northern Korea and the United States grow again. In addition, United States and Turkey stopped to offer visas after Istanbul incident. We think that Gold 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. XAU/USD developed its downside correction last week according to our expectations. We think that Gold is likely to trade Doji on the Weekly chart, which is close to the trend line.

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

SILVER (XAGUSD)



Silver developed its growth during the Asian session. It is hard to open trades as XAG/USD’s growth is aggressive. The price is far from the MA55 balance line. We think that XAG/USD is likely to develop its moderate growth today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. WE think that Silver 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 October 11. 2017

EURUSD



The currency pair went upwards yesterday according to our expectations. There was an opportunity to open long trades according to our recommendations from the MA13. There was almost no retrace of price and you could earn about 400-500 pips without any problems. We think that EUR/USD is likely to start a correction towards the MA55 balance line today. As for the important data, pay attention to the Federal Open Market Committee meeting minutes, which are 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 developed its downside correction last week according to our expectations. We think that EUR/USD is likely to develop some 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 went upwards thanks to the better than expected UK Manufacturing data. The market participants are going to pay attention to today’s Federal Open Market Committee meeting minutes, which are to be released during the American session. We think that GBP/USD is likely to start a correction in the nearest future.

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

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

AUDUSD



The currency pair established an upside tendency yesterday, but it is still too weak and the price is fluctuating within a range now. The currency pair went upwards today, during the Asian session, establishing new weekly highs, but then gave up all positions. We think that this situation indication on the probability of a reverse and today the currency pair is likely to resume its decline.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair offered an opportunity to open short trades according to our recommendations. The price approached the MA55 balance line offering opportunities to sell and then went downwards. Your eventual profit could reach 300-500 pips if you had opened trades. Today market participants are going to pay attention to the US Federal Open Market Committee meeting minutes.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook October 11, 2017

GOLD (XAUUSD)



Gold went upwards according to our expectations. It was difficult to open trades as there was almost no retraces. We expect XAU/USD to make another upside burst and then to reverse its tendency downwards. Gold also may start to decline right now. The market participants are going to pay attention to the Federal Open Market Committee meeting minutes release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a doji, which is close to the trend line.

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

SILVER (XAGUSD)



Silver went upwards yesterday but it was almost impossible to open trades as there was no retraces. Silver develops its upside tendency for three days in a row and is likely to change it today as there is a probability of a correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline 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 October 12, 2017

EURUSD



The currency pair developed its growth yesterday frustrating our correction expectations. EUR/USD is in the uptrend now and it has already done the growth, we had expected. We think that the currency pair is likely to start a deeper correction today. However, we can not give any recommendations as it is better to avoid selling during the uptrend. As for the yesterday’s Federal Open Market Committee meeting minutes release, opinions were divided on the probability to the Interest Rates hike on December. This fact allowed EUR/USD to develop its upside tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair had an expected correction yesterday and resumed its growth. There was an opportunity to buy from the MA55 balance line, but we advise to avoid trading due to the release of the Federal Open Market Committee meeting minutes. FOMC members’ opinions were divided allowing GBP/USD to resume its growth. The currency pair develops its uptrend during the Asian session and we think it is likely to reach 1,32650. When the price touches this level, GBP/USD may start a correction. We give no recommendations again.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards according to our expectations. 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 situation is unclear.

AUDUSD



The currency pair continued to fluctuate within a limited range yesterday. The Federal Open Market Committee meeting minutes were unable to make any changes. The price is going towards the weekly highs today during the Asian session after the better than expected Australian data. However, this upside tendency is still weak and we give no recommendations as it is risky to buy.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. 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 developed its decline yesterday and had almost no changes during the release of the Federal Open Market Committee meeting minutes release. We gave no recommendation as it was risky to open trades on the eve of the FOMC meeting minutes release. In addition, there was no opportunities to sell. There is no large space to decline 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 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 October 12, 2017

GOLD (XAUUSD)



Gold was trading in a small range yesterday as the market participants waited for the Federal Open Market Committee meeting minutes release. The price went a bit upper after the release as the FOMC members’ opinions were divided. Now investors are going to pay much attention to the CPI data. We advise to pay attention to today’s PPI data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside correction last week according to our expectations. We think that XAU/USD is likely to work a doji, which is close to the trend line 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 decline yesterday frustrating our expectations, but there was no significant growth neither. The current pattern indicates on the probability of this upside tendency to be developed. You can try 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 developed its decline 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 open long trades from the MA55 balance line. Place stop losses below the indicator.

Technical Outlook October 13, 2017

EURUSD



The currency pair started an expected correction yesterday and its future depends on today’s US Consumer Price Index and Retail Sales data. Those releases are the most important for the moment as they are going to influence the Federal Open Market Committee December’s decisions on the Interest Rates. We think that the price is likely to decline towards 1,18000 before the release.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside correction last week according to our expectations. We think that EUR/USD is likely to develop some 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 reached 1,32650 and then reversed sharply according to our expectations. GBP/USD went upwards and reached previous levels then. Those wide range fluctuations were due to the negotiations between the United Kingdom and the European Union on the Brexit issues. This upside tendency is the results of the higher Interest Rates growth odds in Great Britain. Investors think that the Bank of England is likely to hike Rates on November. We give no recommendations for trading at the moment.

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

There is the 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’s growth becomes stronger and you can look for long trades from the MA55 balance line. However, Today’s US Consumer Price Index and Retail Sales data may change the situation significantly. We think that everything indicates on the probability of further growth. However, if you have any live trades, we advise to protect them before the release of the US data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its 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 started its upside correction yesterday. There is no tendency currently. USD/CHF’s fluctuations depends on the US Consumer Price Index and Retail Sales data today. We think that USD/CHF is likely to remain in the limited range on the eve of those releases.

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

There is the uptrend 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 October 13, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open long trades according to our recommendations from the MA55 balance line. However, XAU/USD slows down its growth and we think Gold is likely to reverse its tendency during the American session after the release of the very important US Consumer Price Index and Retail Sales data. The last influences inflation as well. We think it is a good idea to close long trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its downside tendency last week according to our recommendations. WE think that XAU/USD is likely to work a doji, which is close to the trend line.

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

SILVER (XAGUSD)



Silver offered an opportunity to open trades according to our recommendations and it is time to protect you trades and to fix positions partially. It is better to do it before the American session as the US Consumer Price Index and Retail Sales data may change the situation crucially. It is better to have small profit than to lose all.

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 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 October 16, 2017

EURUSD



The currency pair declined on Friday towards 1,18000 before the release of the US Consumer Price Index and Retail sales data. Both of those indicators were disappointing and the price went upwards. Later on Friday EUR/USD went downwards again. The currency pair is trying to change its tendency and the price is below the MA55 balance line. We think that EUR/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 had some growth last week according to our expectations. We think that EUR/USD is likely 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.

GBPUSD



The currency pair aims to grow but has some difficulties to cross the trend line on the Hourly chart. GBP/USD tried to break through this trend line area on Friday, but failed to do it. The Bank of England’s head has told on Friday, that the Interest Rates growth is possible in the next couple of month. This gives additional support to the currency pair and we think GBP/USD 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 failed to decline frustrating our expectations and went upwards. We think that GBP/USD is likely to start a 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.

AUDUSD



The currency pair failed to offer opportunities to open long trades as it is was far from the MA55 balance line. However, it shad some significant growth after the release of the US Consumer Price Index and Retail Sales data.

We think that AUD/USD is likely to develop its growth on the strong Australian data. There is an important Australian RBA meeting minutes release. We advise to pay attention to the Australian PMI data on Wednesday and Labor Market data on Thursday. All those releases are expected to meet expectations or to be even higher.

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 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 open long trades from the MA55 balance line. Place stop losses below the indicator.

USDCHF



The currency pair still fluctuates without any clear direction. However, we think that USD/CHF prepares itself to make an upside burst in order to break through the trend line on the Weekly chart. WE think that the currency pair is likely to speed up its growth after this event. However, there is no tendency currently and we advise to do nothing.

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 break through the trend line in the next couple of days.

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


Gold and Silver Technical Outlook October 16, 2017

GOLD (XAUUSD)



Gold developed its growth after Friday’s US Consumer Price Index and Retail Sales data. This release disappointed investors and XAU/USD has got additional support. We advised to close long trades as the result may be different. However, now it is a good idea to look for long trades at the end of corrections.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold worked Doji according to our expectations last week. We think that XAU/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.

SILVER (XAGUSD)



Silver developed its growth after the disappointing data on Friday. This data offered opportunities for precious metals to develop their growth. However, we think that Silver needs a correction before its further upside tendency and we think it is going to reach the MA55 balance line.

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 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 October 17, 2017

EURUSD



The currency pair approached the MA55 balance line yesterday offering opportunities to sell according to our recommendations. Today we also recommend looking for short trades if the price gets closer to the MA55 balance line. As for the important events, we advise to pay attention to Eurozone Consumer Price Index data as well as to the German ZEW Economic Sentiment.

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 the currency pair is likely to develop a 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 area. Place stop losses above the indicator.

GBPUSD



The currency pair offered an opportunity to buy in the beginning of the European session and the price entered the profit area for 400pips. It was enough to fix positions partially and to protect the rest. WE advise to pay attention to today’s UK Consumer Price Index data, which may become a driver for further fluctuations. There is no tendency currently and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to decline last week frustrating our expectations and went upwards. 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair has a very active correction and the price is below the MA55 balance line. This cancels temporary the upside tendency. It is better to wait until the price is back above the MA55 balance line at least. If you had opened long trades according to our recommendations, you could have small losses now. Today’s Australian Reserve Bank meeting minutes are likely to give the additional support to AUD/USD.

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 upside tendency in the next couple of days.

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

USDCHF



The currency pair still goes no direction and fluctuates within a tight range. USD/CHF is a shelter now. It shows any tendency in the moments of geopolitical events.

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

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


Gold and Silver Technical Outlook October 17. 2017

GOLD (XAUUSD)



Gold corrected downwards yesterday, but this correction was deeper than we had expected. Long trades from the MA55 balance line closed by stop loss. There is no tendency currently and we give no recommendations at the moment. We expected the price to resume its upside tendency in the nearest future. European data today is unlikely to have significant impact on fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold worked doji last week according to our recommendations. We think that 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)



Silver declined below the MA55 balance line following Gold. If you had opened long trades according to our recommendations, you could have small losses now. We do not think that precious metals are going to develop a downside tendency. However, we think that today everything becomes clear.

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 recommendations. We think that XAG/USD is likely to develop its moderate 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 October 18, 2017

EURUSD



The currency pair failed to reach the MA55 balance line unfortunately and there was no opportunities to open trades according to our recommendations. However, EUR/USD went downwards and you were not able to sell even from the MA13. Eurozone data supported this downside tendency as Inflation showed no increase in speed and the ZEW Economic Sentiment Index was worse than expected. We think that today you can try to sell from the MA55 balance line. As for the important events, we advise to pay attention to the European Central Bank members’ comments.

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 EUR/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 open short trades from the MA55 balance line. Place stop losses above the indicator.

GBPUSD



The currency pair declined sharply as the UK Consumer Price Index data met the expectations. This data was a day driver for GBP/USD. The currency pair changed its tendency and it is time to look for short trades now. As for the important data for today, we advise to pay attention to the UK Labor Market and Average Earnings data.

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 and went upwards. We think that GBP/USD is likely to develop a 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 area. Place stop losses above the indicator.

AUDUSD



The currency pair failed to go above the MA55 balance line and to restore the upside tendency. The price is below the MA55 balance line and we think that AUD/USD is likely to develop a downside tendency in the nearest future. We advise to look for short positions today.

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

USDCHF



The currency pair tried to break through the trend line on the Weekly chart. USD/CHF is in the uptrend now and we see no clear attempts to hold this line. We think that the currency pair is likely to cross this trend line today or tomorrow.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that USD/CHF is likely to break through the trend line 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 buy from current levels. Place stop losses below the indicator. As for the targets, they will be significant. We advise to open trades now and hold the positions.


Gold and Silver Technical Outlook October 18, 2017

GOLD (XAUUSD)



Gold developed its downside tendency yesterday. The price failed to reach even the MA13. We do not think that the price is able to resume its growth in the nearest future and it is better to look for short trades. In addition, XAU/USD has reversed its tendency. We advise to pay attention to today’s US data as it may have impact on Gold fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD worked a doji last week according to our expectations. We think that XAU/USD is likely to develop some 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 positions from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver developed its downside tendency as well frustrating our expectations. We advise to look for short trades only as this decline may continue in the nearest future.

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 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 October 19, 2017

EURUSD



The currency pair failed to approach the MA55 balance line offering no opportunities to open short positions. EUR/USD established new weekly lows instead. The currency pair went upwards towards the MA55 balance line afterwards but it was risky to open any position as EUR/USD had a considerable decline previously. The currency pair’s growth is due to weak US data. Investors will pay attention to the next portion of the US data today as there is no important releases in Eurozone. The price crossed the MA55 balance line and resides above the indicator at the moment. We think that EUR/USD is likely to change its tendency in the next couple of 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 according to our expectations. We think that EUR/USD is likely to decline in the next couple of days.

There is the downtrend on the Hourly timeframe 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.

GBPUSD



The currency pair fluctuated in both directions due to the mixed UK Labor Market data. However, GBP/USD established new weekly lows and returned back. There is another portion of the UK Retail sales data today. We expect the currency pair to have a significant reaction on this release if it is far from forecasts. The price is above the MA55 balance line and we think GBP/USD 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 failed to decline last week and went upwards. We think that GBP/USD is likely to develop a 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.

AUDUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line. There was an opportunity to earn about 300 pips or to protect trades partially. AUD/USD went sharply upwards after the release of the Australian Labor Market data, which was better than expected. There was an opportunity to buy, however, we advise to wait until the uptrend comes into play.

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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF



The currency pair has made an attempt to cross the trend line on the Weekly chart but failed to do it. If you had managed to open trades before 0,97880, you could protect your positions already. There are still chances that the currency pair is going to break through the trend line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that USD/CHF is likely to cross the trend line on the Weekly chart 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 0,97760-0,97880 aiming 0,99000.


Gold and Silver Technical Outlook October 19, 2017

GOLD (XAUUSD)



Gold developed its downside tendency and approached the MA13. However, it was hard to open trades in this position and we gave recommendations to sell from the MA55 balance line. The price avoid to reach the MA55 balance line and there was no opportunity to sell. The speed of this downside tendency is rather high and we think XAU/USD is likely to develop its decline today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold worked doji last week according to our expectations. We think that XAU/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 positions from the MA55 balance line. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver slows down its decline but fail to reach the MA55 balance line. There are some supports, that are hard to cross and we think XAG/USD is likely to continue to slow down its downside tendency.

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

Technical Outlook October 20, 2017

EURUSD



The currency pair went upwards yesterday as USD is under the pressure now. There are hints that the next Federal Open Market Committee head may be dovish and this may change expectations on the Interest Rates hike probabilities. Investors are likely to pay more attention to USD today as there is no important releases in Eurozone.

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 EUR/USD is likely to decline in the next couple of days.

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

GBPUSD



The currency pair declined yesterday as the UK Retail Sales data was worse than expected. GBP/declined against USD despite the fact that the other currencies went upwards. However, we think that GBP is likely to make some attempts to change its tendency if USD continues to decline.

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 and went upwards. We think that GBP/USD is likely 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 avoid trading today as the situation is unclear.

AUDUSD



The currency pair has changed its tendency and goes upwards now. However, we can see that this new upside tendency is modest. AUD/USD had several attempts to decline during the Asian session and even went below the MA55 balance line. We give no recommendations in this situation as it is unclear whether AUD/USD goes upwards or not.

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 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 left its attempts to cross the trend line on the Weekly chart and declined. All long positions from 0,97760-0,97880 were closed at breakeven level. Our attempt to earn on the breakthrough of the trend line failed. However, investors try to cross the trend line today, during the Asian session. It is not still clear whether they succeed or not.

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 break through the trend line in the next couple of days.

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


Gold and Silver Technical Outlook October 20, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short positions according to our recommendations from the MA55 balance line and the price entered the profit area for 2300 pips (according to trading platform). It was enough to protect trades by placing stop loss at breakeven level. Later XAU/USD crossed the MA55 balance line and fluctuated above the indicator. 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. Gold worked a doji 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)



Silver offered an opportunity to sell from the MA55 balance line according to our recommendations and the price was in the profit area as well. It was enough to protect trades by moving stop losses at breakeven level. Later Silver develop its upside tendency and changed the trend.

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 moderate 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 October 23, 2017

EURUSD



The currency pair offered an opportunity to open long positions on Friday from the MA55 balance line. The price was in the profit area for 200 pips and it was enough to protect trades by moving stop losses at the breakeven level. However, EUR/USD declined significantly on Friday as the budget project was finally adopted in the United States. We think that the main event for the currency pair is the European Central Bank 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 fluctuated in both directions last week and declined by Friday according to our expectations. We think that EUR/USD is likely to To develop its downside tendency in the next couple of days.

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

GBPUSD



The currency pair had a significant growth on Friday and changed its tendency. We thought that GBP/USD is going to establish the uptrend but USD’s growth canceled this scenario. The main event for this week is the UK advanced GDP data. We think that it is a good idea to refuse trading as there is no tendency and the situation is unclear.

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

There is 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 changed its tendency on Friday again and we give no recommendations in this situation. Important Australian data is expected to be released on Wednesday and investors are likely to pay more attention to USD before Australian data. We think that AUD/USD is likely to go downwards today.

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

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

USDCHF



The currency pair crossed finally the trend line on the Weekly chart. This allows USD/CHF to develop its upside tendency in the nearest future. Naturally, we do not expect the currency pair to go upwards right now and the price is likely to decline towards the broken through trend line in order to test it. WE think that the currency pair is likely to start its upside tendency after this test. Anyway, we advise to look for long positions only.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair crossed the trend line 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 avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook October 23, 2017

GOLD (XAUUSD)



Gold declined on Friday but this downside tendency was moderate. There is no trend currently but there are some attempts to push Gold downwards. Those attempts may result in a downside tendency if Gold remains below last week’s lows We think it is a good idea to try short positions from the MA13, but the risks are too high.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations but failed to return to its previous positions. We think that XAU/USD is likely to develop its moderate 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 open short positions from the MA13. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver failed to develop its upside tendency on Friday and is in the neutral positions now. Silver failed to establish new lows as well but we think XAG/USD is going to do it in the nearest future. We give no recommendations now as there are lack of signs to place good orders. We advise to monitor the situation today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its moderate 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 October 24, 2017

EURUSD



The currency pair went downwards yesterday and is likely to accelerate its decline today. Investors are going to pay attention to today’s German, France and Eurozone PMI as well as the US ISM data. Those events are likely to increase volatility at least and will be the driver for today’s fluctuations. We think it is a good idea to look for short positions along the downtrend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week and decline by the end of Friday according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.

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

GBPUSD



The currency pair fluctuated in a tight range on Monday as there was no important data and events. There are no important UK data and events today neither. We think that investors are going to pay more attention to today’s US data and this event is going to be the main driver for GBP/USD. There is no tendency currently and we advise to avoid trading today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that GBP/USD is likely to develop its downside tendency in the next couple 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 fluctuated in a tight range but we can see a clear tendency and it is time to look for trades. AUD/USD is likely to decline further today but tomorrow we think the currency pair is likely to increase its volatility due to the Australian CPI data.

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

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

USDCHF



The currency pair approached the trend line twice and we think it is time to look for long trades. We think that USD/CHF is likely to start is upside tendency in the nearest future as it has tested the trend line twice.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair crossed the trend line last week according to our expectations. We think that USD/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 positions from the MA55 balance line area. Place stop losses below the indicator or broken through trend line.


Gold and Silver Technical Outlook October 24, 2017

GOLD (XAUUSD)



Gold offered an opportunity to sell from the MA13 according to our recommendations. However, the downside tendency failed to develop. The price was in the profit area and you could protect trades by moving stop loss at breakeven level. Gold still holds its downside tendency, but it is better 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. Gold declined last week according to our expectations but then went upwards. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver continues to fluctuate with no clear tendency and established new weekly lows. We think that Silver is able to develop its downside tendency in the nearest future. 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 declined last week and failed to return to its previous positions frustrating our expectations. We think that CXAG/USD 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.

Technical Outlook October 25, 2017

EURUSD



The currency pair offered an opportunity to open sort positions from the MA55 balance line during the Asian session. Those trades were closed at breakeven level. However, if you opened those positions later, you could have negative result. The volatility is not large as investors are looking forward to see the results of the European Central Bank meeting, which takes place on Thursday. It is better to do nothing before the event as it is unclear whether Mario Draghi is going to support or push EUR downwards.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week but declined moderately by the end of Friday. We think that EIUR/USD is likely 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair established a downside tendency and we think it is time to look for short trades. However, investors will pay attention to today’s Advanced GDP data for the third quarter and you can try to sell in case if this data is worse than expected. If Advanced UK GDP shows better results, the price may go upwards.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades if the US GDP data is worse than expected. Stop loss should be 200 pips far from the strike price.

AUDUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. The price was in the profit area and you could earn about 500 pips. It was better to fix positions on the eve of today’s Australian CPI data. If you failed to close those trades, you could earn even more as the price made another 500 pips after the Australian data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined moderately last week frustrating our growth expectations. We think that AUD/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.

USDCHF



The currency pair offered an opportunity to buy from the MA55 balance line according to our recommendations. You could have about 700 pips profit and it was enough to fix trades during the American session or Asian session, as we think that USD/CHF has done its growth for the current week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair crossed the trend line 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 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 October 25, 2017

GOLD (XAUUSD)



Gold declined yesterday and accelerated its downside tendency. We think you can try to open short positions from the MA55 balance line. However, there is a wide range of data today, which is able to influence precious metals fluctuations. We advise to pay attention to the US data. We recommend opening short positions in case if there is any opportunity.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations but then returned upwards. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

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

SILVER (XAGUSD)



Silver develops its downside tendency and we think it is time to look for short positions. The price is close to the 16,85 level and if it brakes it through, XAG/USD is likely to develop its downside tendency. However, the price may continue to decline without visiting the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week frustrating our growth expectations. We think Silver 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.

Technical Outlook October 26, 2017

EURUSD



The currency pair went upwards yesterday on the eve of the European Central Bank meeting, which takes place today. Investors expect the ECB to announce monetary policy tightening by cutting stimulus from 60 to 30 billion euro. This is what market participants expect from the ECB meeting. If this happens, we think EUR/USD is likely to develop its growth. We give no recommendations today as technical analysis does not work properly. It is better to monitor and to act according to situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had no clear direction last week and declined by the end of Friday according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.

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

GBPUSD



The currency pair went upwards sharply yesterday after the Advanced UK GDP data, which had better results than expected. There was no sense to open short positions in that situation. The currency pair changes its tendency and we think that there will be opportunities to open long positions tomorrow.

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

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

AUDUSD



The currency pair declined yesterday as the Australian CPI data was worse than expected. Investors do not believe that the Australian Reserve Bank is going to hike Interest Rates in the nearest future. WE give no recommendations today as the price is far 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 declined last week frustrating our growth expectations. We think that AUD/USD is likely to develop its downside tendency in the next couple of days.

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

USDCHF



The currency pair is likely to go downwards in the nearest future as investors will pay attention to the European Central Bank meeting. We give no recommendations nevertheless as there is the uptrend currently. If the ECB avoid to announce the monetary policy tightening, we think that USD/CHF is likely to continue its growth. We advise to act according to situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair crossed the trend line on the Weekly chart 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook October 26, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades from the MA55 balance line according to our recommendations. The results of those trades depended on the stop losses distance and the manner you have entered the market. If you did it manually, you had a chance to avoid losses. There is no tendency currently and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations, but failed to return to its previous positions. WE think that XAU/USD is likely to develop its moderate 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.

SILVER (XAGUSD)



Silver offered an opportunity to open short trades from the MA55 balance line according to our recommendations. Those trades resulted in small losses as stops triggered. The price failed to pass 16,85 level and we think XAG/USD is likely to start an upside tendency. We give no recommendations as there is no tendency currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week but failed to return upwards frustrating our expectations. We think that XAG/USD is likely to develop its moderate decline.

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

Technical Outlook October27, 2017

EURUSD



The currency pair declined sharply yesterday after the release of the European Central Bank decision, which disappointed investors. Market participants expected the ECB to cut its stimulus programme from 60 to 30 billion Euro, but this did not happen. Moreover, The European Central Bank is going to continue its easy monetary policy until 2018. The main event for today is the release of Advanced US GDP data, which is likely to shake the markets.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions last week and declined by the end of Friday according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.

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

GBPUSD



The currency pair declined with the same speed it went upwards earlier. We have no tendency currently. GBP/USD fluctuations will depend on the results of the US Advanced GDP data.

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

AUDUSD



The currency pair failed to approach the MA55 balance line and there was no opportunity to open trades. AUD/USD went downwards during the American session as USD has got some support. USD’s growth is due to the European Central Bank decision to hold current monetary policy without changes until at least September 2018. We give no recommendations today as the price is far from the MA55 balance line.

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

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

USDCHF



The currency pair resumed its growth yesterday as the European Central Bank’s decision disappointed market participants’ expectations. There was an opportunity to open long positions from the MA55 balance line. You can open long positions now and take a small profit. Today investors are going to pay attention to the US Advanced GDP data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair crossed the trend line on the Weekly chart 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 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 October 26, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short trades from the MA55 balance line according to our recommendations. The results of those trades depended on the stop losses distance and the manner you have entered the market. If you did it manually, you had a chance to avoid losses. There is no tendency currently and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations, but failed to return to its previous positions. WE think that XAU/USD is likely to develop its moderate 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.

SILVER (XAGUSD)



Silver offered an opportunity to open short trades from the MA55 balance line according to our recommendations. Those trades resulted in small losses as stops triggered. The price failed to pass 16,85 level and we think XAG/USD is likely to start an upside tendency. We give no recommendations as there is no tendency currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week but failed to return upwards frustrating our expectations. We think that XAG/USD is likely to develop its moderate decline.

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

Technical Outlook October 30, 2017

EURUSD



The currency pair declined after the better than expected US GDP data. Advanced GDP data shows some growth and its results allowed USD to develop its growth. USD’s attraction will rise after such a statistics as this data may also influence the Federal Open Market Committee decision on December. The European Central Bank is going to continue its stimulus for long time. The main data for the currency pair to follow this week is the Eurozone GDP and the US Labor Market and Average Hourly Earnings.

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

There is the downtrend on the Hourly chart as the Ma-channel goes downwards and the price is below the MA55 balance line. We expect the currency pair de return towards the MA55 balance line today.

GBPUSD



The currency pair is almost ready for further downside tendency but we think that if the Bank of England decides to hike Interest Rates, GBP/USD will go upwards. It is better to do nothing before Thursday. However, if the Bank of England is not going to hike Interest Rates, the currency pair is likely to break through the trend line on the weekly chart.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency par declined last week according to our expectations. We think that GBP/USD is likely to break through the trend line on the Weekly chart and accelerate 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.

AUDUSD



The currency pair continues to decline but made a pause on Friday. Nothing prevents AUD/USD from resuming its decline today. There are several important releases this week that may influence the currency pair. However, 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 declined last week according to our expectations. We think that AUD/USD is likely to develop its downside tendency in the next couple of days.

There is the 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 new tops on Friday. Advanced US GDP data was better than expected and supported USD. However, USD/CHF corrected in the end of Friday. We expect the currency pair to develop its upside tendency after a brief correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair accelerated 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 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 October 30, 2017

GOLD (XAUUSD)



Gold had no significant moves last week. However, we think it is going to change its fluctuations in the nearest future. XAU/USD can not go upwards for a long time and we think this may lead to further decline. There are several important events for Gold this week – the Bank of England’s meeting and the US Labor Market data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations. WE think that XAU/USD is likely to develop its moderate 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 the indicator.

SILVER (XAGUSD)



Silver approached the MA55 balance line on Friday and there was no sense to open trades. We think that it is a good idea to look for short positions from the MA55 balance line today. However, do not expect significant moves from Silver today.

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

Technical Outlook October 31, 2017

EURUSD



The currency pair returned towards the MA55 balance line and is able to continue its correction growth today. This is likely to happen if the Eurozone data is better than expected. Today market participants are going to pay attention to the Eurozone CPI, Labor Market and GDP data. Current tendency is changing, but it still looks downwards and we give no recommendations.

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

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

GBPUSD



The currency pair went upwards yesterday as market participants are expecting the Bank of England to hike Interest Rate. The BoA meeting is scheduled for Thursday. We think that GBP/USD is likely to develop its growth today, but this upside tendency may be less active than it was on Monday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that GBP/USD is likely to break through the trend line on the Weekly chart and is going to accelerate its downside tendency in the next couple of days.

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

AUDUSD



The currency pair offered an opportunity to sell yesterday from the MA55 balance line and stop losses triggered. AUD/USD is fluctuating with no clear direction and we give no recommendations. Australian data was weak and we give no recommendations.

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

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

USDCHF



The currency pair offered an opportunity to open long positions from the MA55 balance line. The price was in the profit area for 250 pips. It was enough to protect trades or to fix positions partially. You had an opportunity to move stop loss at breakeven level. USD/CHF continues its correction and we advise to avoid long positions as there is no tendency currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair accelerated 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 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 October 31, 2017

GOLD (XAUUSD)



Gold offered an opportunity to open short positions from the MA55 balance line and the price was in the profit area. It was enough to protect trades and to move stop loss at breakeven level. There is no tendency currently as market participants are waiting for the Federal Open Market Committee meeting results.

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

There is 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 an opportunity to open short positions but stop losses triggered. There is no tendency currently and we recommend avoiding trading. The price is within a tight range for a couple of weeks.

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

Technical Outlook November 1, 2017

EURUSD



The currency pair established new weekly highs but the upside tendency was moderate. EUR/USD fluctuated in a tight range yesterday as the market participants are waiting for the Federal Open market Committee meeting today. Investors do not expect the Fed to change its monetary policy today. However, market players are looking forward to hear the Fed head’s comments on the probability of Interest Rates hike on December. If Janet Yellen is going to make hints on those probabilities, USD may get additional support.

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

There is 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 yesterday as the European Union is ready to accelerate the negotiations on Brexit. However, the main event for today is the Federal Open Market Committee meeting which is able to increase volatility significantly. Market participants are looking forward to hear Janet Yellen’s comments.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that GBP/USD is likely to break through the trend line and accelerate its downside tendency in the next couple of days.

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

AUDUSD



The currency pair developed its decline yesterday after the weaker than expected Australian data. The situation today is the same as the Australian data is worse than forecasted again. WE think that AUD will be under the pressure today.

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

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

USDCHF



The currency pair seems to end its downside correction and we think it is going to go upwards in the nearest future. However, there is no trend currently and it is risky to open positions now. We think it is a good idea to wait until the release of the results of the Federal Open Market Committee meting today.

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 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 open long trades but after the release of the results of the FOMC meeting.


Gold and Silver Technical Outlook November 1, 2017

GOLD (XAUUSD)



Gold continues its range fluctuations and it is in the neutral positions right now. We think that there is a probability of a sharp volatility growth after the release of the results of the Federal Open Market Committee meeting. However, everything depends on the results of this event. Technical analysis indicates on the probability of further decline. However, the results of the meeting may break any technical pattern. This is why we advise to wait until the end of the event and then to take any decision according to the situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

There is 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 positions after the end of the FOMC meeting.

SILVER (XAGUSD)



Silver is ready to decline but everything depends on the results of the FOMC meeting. We advise to wait until the end of the event in order to take any decision.

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

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

Technical Outlook November 2, 2017

EURUSD



The currency pair had moderate fluctuations yesterday after the release of the results of the Federal Open Market Committee meeting. The Fed left the Interest Rate unchanged according to our expectations and made no comments on the probability of further Interest Rates hike on its next meeting, which is placed for December. Market participants are going to pay more attention to the US Labor Market data which is to be released on Friday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that EUR/USD is likely to 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.

GBPUSD



The currency pair had a correction yesterday after the release of the results of the Federal Open Market Committee meeting. Market participants are likely to pay more attention to today’s Bank of England meeting as this governmental body is expected to hike rate. Those expectations give support to GBP/USD for a couple of days already.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. We think that GBP/USD is likely to cross the trend line and 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 today. Place stop losses below the indicator.

AUDUSD



The currency pair is growing after the stronger than expected Australian data. AUD/USD is likely to develop this upside tendency today as USD goes downwards. However, we give no recommendations as there is no trend currently.

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

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

USDCHF



The currency pair stopped its growth after the release of the results of the Federal Open Market Committee meeting. We gave a recommendation to buy after the end of the meeting and there was an opportunity to open long positions. However, there was no significant profit as you could earn about 250 pips only. We think that USD/CHF is going to offer some other opportunities today but the USD’s downside tendency increase risks.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair accelerated 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 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 November 2, 2017

GOLD (XAUUSD)



Gold failed to decline yesterday after the release of the results of the Federal Open Market Committee meeting and there was no sense to open short positions. As we had written previously, you had to wait until the results and to see the market reaction. The reaction was contrary to what we had expected. Market participants are going to switch their attention to the US Labor Market data, which is to be released on Friday. Gold shows some signs of further upside tendency. However, we have no trend currently.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its 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 went upwards after the release of the results of the Federal Open Market Committee meeting and there was no opportunity to sell. The price shows intentions to further growth and we think it is time to look for long trades today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined moderately 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 open long positions from the MA55 balance line. Place stop losses below the indicator.

Technical Outlook November 3, 2017

EURUSD



The currency pair had moderate fluctuations as the market participants are waiting for the results of the US Labor Market and Average Hourly Earnings data. Yesterday’s Eurozone manufacturing data was disappointing and EUR/USD declined during the European session. However, it failed to leave a small range. There is no tendency currently. We think that the currency pair is likely to increase volatility sharply after today’s 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 declined last week according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.

There is 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 positions after the US Labor Market and Average Hourly Earnings releases.

GBPUSD



The currency pair declined significantly after the release of the results of the Bank of England’s meeting. The Bank of England has increased its Interest Rate according to the market participant’s expectations.

However, investors expected the BoA head to tell something about future monetary policy. However, Carney said that the Bank of England is going to make two more Interest Rates hikes until the end of 2020.

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

There is the downtrend on the Hourly chart 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.

AUDUSD



The currency pair went upwards after the stronger than expected Australian data yesterday but declined during the Asian trading session. Market participants are waiting for the release of the results of the US Labor Market and Average Hourly Earnings data. We think that this data may have significant impact on fluctuations.

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

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open positions after the release of the US Labor Market and Average Hourly Earnings data.

USDCHF



The currency pair fluctuated in a tight range yesterday and tried to go downwards. The market participants are likely to pay more attention to the US Labor Market data. Those events will have significant impact on fluctuations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair accelerated 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 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 positions after the release of the results of today’s US data.


Gold and Silver Technical Outlook November 3, 2017

GOLD (XAUUSD)



Gold fluctuates with no tendency at the moment as investors are looking forward to see the results of today’s US Labor Market and Average Hourly Earnings data. We think that Gold is likely to increase its volatility after this release. XAU/USD may even change its tendency.

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

There is 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 failed to offer an opportunity to open trades as the price did not reach the MA55 balance line. XAG/USD fluctuated within a range yesterday and is likely to stay within until today’s US Labor Market and Average Hourly Earnings data release.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its decline last week according to our expectations. We think that XAG/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 above the MA55 balance line. We advise to open trades after the release of the US Labor Market and Average Hourly Earnings data.

Technical Outlook November 6, 2017

EURUSD



The currency pair worked out Friday’s US Labor Market and Average Hourly Earnings data. The price went upwards sharply in the first minutes after the release and then went downwards as the US Non-Farm Employment Change was above 200 000. The Unemployment Rate decreased giving additional support to USD. The only disappointing event was Average Hourly Earnings data which has shown 0 growth. We think that this release was the main reason of the upside momentum right after the issue of news. There is no many releases this week and we think that market participants are going to pay more attention to USD.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. WE think that USD is going 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.

GBPUSD



The currency pair went upwards right before the US Labor Market and Average Hourly Earnings data and then declined after the release of the statistic. We expect GBP/USD to develop the same scenario this week as the technical analysis favors further decline and fundamental analysis is not important in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to break through the trend line last week We think that GBP/USD is likely to break through the trend line this week and is likely to accelerate its decline.

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

AUDUSD



The currency pair declined on Friday before the US Labor Market and Average Hourly Earnings data and accelerated its downside tendency after the release. AUD/USD is in the same situation as GBP/USD is as there is a probability of further decline. The Reserve Bank of Australia is going to have a meeting this week and we expect this organization to hold monetary policy unchanged. We think that the currency pair is likely to develop its downside tendency after this event.

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

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

USDCHF



The currency pair repeated its Thursday’s fluctuations and had a short-term downside momentum. Market participants are likely to pay more attention to USD this week and we expect USD/CHF to develop its upside tendency.

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


Gold and Silver Technical Outlook November 6, 2017

GOLD (XAUUSD)



Gold declined on Friday after the US data and established new Weekly lows. US Labor Market and Average Hourly Earnings data was mixed but positive as the Unemployment Rate declined and the number of new employees increased for more than 200 000. There is almost no significant data this week and we think the releases will not have significant impact on fluctuations. We think that market participants will pay more attention to the technical analysis.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price declined modestly 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 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 went downwards on Friday and we think that the precious metal is going to develop its downside tendency in the nearest future. We advise to look for the opportunities to open short positions. However, there is no tendency currently and we recommend doing nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver develop its downside tendency last week according to our expectations. We think that XAG/USD is likely to continue 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 November 7, 2017

EURUSD



The currency pair had no clear direction of fluctuations in the first day of a new week. However, we can see that there is a downtrend currently. We think that EUR/USD is likely to develop its downside tendency in the nearest future and it is better to look for short positions only.

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

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

GBPUSD



The currency pair went upwards and corrected its downside tendency. There was no sense to open short positions as GBP/USD’s growth was larger than we had expected. Anyway, we think that the currency pair is likely to decline and to cross the trend line on the Weekly chart. We give no recommendations as there is no tendency currently.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line last week. We think that GBP/USD is going to break through the trend line and accelerate its downside tendency in the next couple of days.

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

AUDUSD



The currency pair went upwards yesterday as the market participants were looking forward to see the results of the Reserve Bank of Australia meeting. The RBA’s policy remained unchanged as the central bank’s governor holds neutral position. There are two main reasons for him to hold Interest Rates – low wage growth and weak inflation. We advise to try short positions today.

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

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

USDCHF



The currency pair remains neutral and is fluctuating within a tight range. However, we think that USD/CHF is likely to go upwards once again this week towards the trend line on the Weekly chart. WE give no recommendations now as there is no tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair developed its upside tendency last week according to our expectations. We think that USD/CHF is likely to continue 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 November 7, 2017

GOLD (XAUUSD)



Gold went upwards significantly on Monday and we think XAU/USD is going to establish an upside tendency. However, it is better to monitor the situation as Gold has to continue its growth in order to prove the probability of upside tendency. We advise to avoid trading today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

There is 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 went upwards on Monday and this growth was significant. We think that XAG/USD is going to frustrate our downside tendency’s expectations. There is no trend currently and we advise to do nothing today.

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

Technical Outlook November 8, 2017

EURUSD



The currency pair declined in the first half of Tuesday and then returned to its previous positions. EUR/USD is fluctuating within a tight range due to the lack of important data. However, USD pushes the currency pair down. There was no opportunity to open positions yesterday as the price failed to reach the MA55 balance line. We think that EUR/USD is likely to repeat yesterday’s scenario.

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

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close 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 established an upside tendency yesterday and confirmed it as GBP/USD jumped off the MA55 balance line. This situation is complex as we had expected GBP/USD to cross the trend line on the Weekly chart. We think that it is a good idea to look for long trades is the currency pair establish new highs and goes towards the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to break through the trend line frustrating our expectations. We think that GBP/USD is likely to cross the trend line and accelerate its decline.

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 offered an opportunity to sell from 0,76750 and the price was in the profit area. You could take about 500 pips yesterday or leave your positions. Anyway, we recommend fixing your trades partially as the price may reverse against your positions. If you leave trades live, protect them carefully.

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

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

USDCHF



The currency pair fluctuates with no tendency currently. It stays within a range now. However, we think that USD/CHF is likely to make another burst towards the trend line on the Weekly chart. We give no recommendations now 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 upside tendency last week according to our expectations. WE think that USD/CHF is likely to continue 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 November 8, 2017

GOLD (XAUUSD)



Gold failed to resume its upside tendency yesterday and we think XAU/USD is likely to start to decline in the nearest future. However, this Tuesday’s decline was nothing more than a simple correction and Gold is able to resume its upside tendency as well. There are no clear signs of future direction now and we think it is better to do nothing today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined modestly last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

There is 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 has more active fluctuations but it is also in neutral position now. The price is below the MA55 balance line, but it may go upper. If the price holds below the MA55 balance line, there is the probability of further downside tendency. There is no trend currently and we advise to avoid trading today.

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

Technical Outlook November 9, 2017

EURUSD



The currency pair is fluctuating within a tight range along the MA55 balance line. There is no important data this week and the period of corporation reports has shifted the focus of market participants attention towards the stocks. However, we expect volatility to grow again with the first important releases.

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

There is 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 offered no opportunities to open long positions as its price failed to establish new daily highs. GBP/USD went downwards instead. The currency pair is trying to establish a range and we give no recommendations as there is no trend currently and the situation is unclear.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to break through the trend line last week. We think that GBP/USD is likely to cross the trend line and accelerate its downside tendency in the next couple of days.

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

AUDUSD



The currency pair tries to establish a range. If you had a short position, it closed at breakeven level. We had the right decision to fix trades partially. There are several central bank heads’ comments today and we think that the volatility is going to grow.

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

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

USDCHF



The currency pair tries to establish a very tight range and is in the neutral position. However, we think that USD/CHF is likely to make another upside burst this week towards the trend line on the Weekly chart. We give no recommendations today as there is no trend currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards 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 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 November 9, 2017

GOLD (XAUUSD)



Gold established new weekly highs and we can see a clear upside tendency. This means that XAU/USD may cancel an expected downside tendency. Now you can look for long positions. Gold is growing as market participants think that the new fiscal reform project will be rejected by the Congress. If Congress adopts this project, Gold will be under the pressure as there is a probability of the business activity growth and Interest Rates hike.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week modestly 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 open long trades from the MA55 balance line. Place stop losses below the indicator.

SILVER (XAGUSD)



Silver failed to continue its growth and was trading within a range. The price is forming a triangle and we think that XAG/USD is likely to go anyway in the nearest future. There is no tendency now and we give no recommendations.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its moderate downside tendency last week according to our expectations. We think that XAG/USD is likely to continue 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 situations is unclear.

Technical Outlook November 10, 2017

EURUSD



The currency pair fluctuated with no clear direction but ended Thursday with a growth. The volatility is low as there are no drivers for significant fluctuations. EUR/USD has made attempts to establish a upside tendency yesterday, but we think that it has no chances to grow further. We would like to remind you that it is Friday and it is better to avoid trading today as the volatility is low.

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

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

GBPUSD



The currency pair still fluctuates within a range without any clear direction. There is important UK data on the way today which is able to have significant impact on volatility. However, we give no recommendations as the volatility is low.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to break through the trend line last week. We think that GBP/USD is likely to cross the trend line and accelerates 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.

AUDUSD



The currency pair is still trading within a flat range. Central bank heads’ comments had no impact on fluctuations. We think that the only thing you can do is to wait until the volatility grows again. There are several important data releases in Australia the next week. They are able to shake the markets and we expect that AUD/USD increases its volatility.

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

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

USDCHF



The currency pair made some attempts to leave its range but there is no tendency currently. USD/CHF is able to resume its decline or to stay within a range. It is better to do nothing today anyway as the tendency was established during the European session and we need time to wait until velar signals.

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


Gold and Silver technical Outlook November 10, 2017

GOLD (XAUUSD)



Gold failed to offer opportunities to buy from the Ma55 balance line as the price did not approach the indicator. XAU/USD continues its moderate growth as the market participants expect the new fiscal project to be rejected by the Congress members. Everything may be clear in the nearest future and Gold is likely to accelerate its fluctuations and the direction depends on the results of the Congress decision.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined modestly last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is 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 still fluctuates within a range without a clear tendency and we give no recommendations. We think that any Congress decision on the future of the new fiscal project will have significant impact on fluctuations. The direction will depend on the positive or negative decision.

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

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

Technical Outlook November 13, 2017

EURUSD



The currency pair had a smooth growth on Friday. The decision to avoid trading was right as there was no chance to open good positions. There are many important releases this week and we expect the volatility to grow significantly. There will be more comfortable to open positions. We think that today there will be no sharp fluctuations as there is no important releases on Monday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its downside tendency last week according to our expectations. WE think that EUR/USD is likely to accelerate its decline in the next couple of days.

There is the uptrend 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.

GBPUSD



The currency pair had a significant growth on Friday after the better than expected UK manufacturing data. However, GBP/USD started a new week with a sharp decline. We think that the currency pair is likely to break through the trend line on the Weekly chart. This may happen in the first half of the week. There is no tendency unfortunately and we give no recommendations. However, you can open short positions at your own.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to break through the trend line frustrating our expectations. We think that GBP/USD is likely to break through the trend line and accelerate 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.

AUDUSD



The currency pair has no tendency and is still fluctuating within a range. We think that AUD/USD is likely to stay within this range. However, we expected AUD/USD to leave the range tomorrow as there are many releases, which is likely to increase volatility in the nearest future.

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

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

USDCHF



The currency pair established a downside tendency but the price is above the MA55 balance line today and we think that USD/CHF is likely to change its tendency. We advise to avoid selling for this reason. We expect the currency pair to develop its upside tendency and to break through the trend line on the Weekly chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF failed to grow last week as we had expected. We think that the currency pair 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.


Gold and Silver Technical Outlook November 13, 2017

GOLD (XAUUSD)



Gold offered an opportunity to buy from the MA55 balance line and the price went upwards allowing to move stop losses at breakeven level. However, XAU/USD declined sharply later on Friday and stop losses triggered, which lead to a significant downside tendency. We think that today’s fluctuations are going to be weak as market participants are going to prepare conditions for further downside tendency.

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. We think that XAU/USD is likely to be trading within a tight 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 below the MA55 balance line. We advise to avoid trading today as the situations is unclear.

SILVER (XAGUSD)



Silver still fluctuates within a range with no clear tendency and we give no recommendations. There are many important releases this week from US and European countries and this can provide Silver with the necessary volatility in order to leave the range.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to stay within the range in the next couple of days.

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

Technical Outlook November 14, 2017

EURUSD



The currency pair fluctuated within a small range on Monday according to our expectations. There are several Eurozone releases today including GDP, ZEW index and manufacturing data. Those events may shake the market. The currency pair shows intensions to grow but further dynamics will depend on the results of the Eurozone data. We advise to do nothing now as the situation may have significant changes after the release of the Eurozone statistics.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair Developed its smooth downside tendency last week according to our expectations. We think that EUR/USD is likely to accelerate its decline in the next couple of days.

There is the uptrend 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 situations is unclear.

GBPUSD



The currency pair is ready for further decline and we think it is time to look for short positions today despite the fact that there is no tendency currently. There is important inflation data today, which is able to push GBP/USD further downwards. It is better to do nothing before the release of this data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to break through the trend line last week frustrating our expectations. We think that GBP/USD is likely to cross the trend line and accelerate 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 open short trades from the MA55 balance line area. Place stop losses above the indicator.

AUDUSD



The currency pair declined yesterday and we can see that AUD/USD is weak. There is a downside tendency currently and we think it is time to look for short positions. The Australian business confidence data was better that previous one and we think the currency pair has chances to correct a little in the upside direction.

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

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

USDCHF



The currency pair fluctuated in a small range and has started to change its tendency according to our expectations. Bulls are still trying to establish an upside tendency and we give no recommendations. However, we think that USD/CHF is likely to grow significantly today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF failed to grow last week frustrating our expectations. We think that the currency pair 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 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 November 14, 2017

GOLD (XAUUSD)



Gold established a downside tendency according to our expectations yesterday and fluctuated in a small range. We advise to look for short positions today along the trend. However, there are numerous important data releases and there is a probability that there will be no clear direction today. Anyway, we think that XAU/USD will be under the pressure.

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. We think that XAU/USD is likely to stay within a small 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 positions from the MA55 balance line area. Place stop losses above the indicator.

SILVER (XAGUSD)



Silver is trading independently from Gold and is trying to establish a small range. There is no tendency currently and we give no recommendations for today. We advise to wait until the price goes any direction in order to open positions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to develop its fluctuations within a limited range.

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 situations is unclear.

Technical Outlook November 15, 2017

EURUSD



The currency pair went upwards yesterday due to the Eurozone data, which met the expectations and some figures were even better. Today we advise to pay attention to the US consumer inflation data. Yesterday’s Producer Price Index has shown a good growth. This inspires market participants and USD is likely to develop is 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 declined last week according to our expectations. EUR/USD is likely to accelerate its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. EUR/USD is above the MA-channel and we advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair offered an opportunity to open short positions during the European session as it approached the MA55 balance line. You could earn about 500 pips. The downside tendency was due to the inflation data, which was below the expectations. We advise to pay attention to today’s UK Labor Market and Average Wages data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line last week frustrating our expectations. We think that GBP/USD is likely to break through the trend line and accelerate its decline.

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

AUDUSD



The currency pair offered an opportunity to sell yesterday according to our recommendations. The price declined for 300 pips. You could leave the trade and if you did this, you could earn about 700 pips as AUD/USD declined sharply during the Asian session. You could fix the profit as this is a goof result for this currency pair.

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

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

USDCHF



The currency pair has left the range and went downwards. USD/CHF frustrated our growth expectations. We advise to look for short positions from the MA55 balance line. However, there is a support line on the way. It may change the situation.

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 resume its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. The price is far from the MA55 balance line and we advise to avoid trading today.


Gold and Silver Technical Outlook November 15, 2017

GOLD (XAUUSD)



Gold was going downwards before the American session and established new weekly lows, but then went upwards, and returned to the range. XAU/USD failed to decline. There is no tendency currently and we give no recommendations.

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. We think that XAU/USD is likely to stay within the range for 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 fluctuates on its own independently from Gold. There is no tendency currently and we give no recommendations today. We advise to wait until Silver establishes a tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to stay within a limited range for 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 November 16, 2017

EURUSD



The currency pair declined yesterday after the US CPI data release according to our expectations. We have seen a slight growth of the core CPI. This was the reason for USD to grow. Market participants are going to shift their attention to today’s Eurozone CPI data and numerous Federal Open Market Committee members’ comments. We think that EUR/USD is likely to develop its downside correction 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 downwards last week according to our expectations. We think that EUR/USD is likely to accelerate 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 situations is unclear.

GBPUSD



The currency pair failed to offer an opportunity to open short positions. Yesterday’s UK Labor Market data was better than expected and GBP/USD went upwards. Today the market participants are going to pay attention to UK Retail Sales data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to break through the trend line last week. We think that GBP/USD is likely to cross the trend line and accelerate 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 short positions from the MA55 balance line. Place stop losses above the indicator.

AUDUSD



The currency pair failed to go below its previous lows and we were right to recommend fixing trades. We gave no advises yesterday as the price was far from the MA55 balance line but it almost reached the indicator and you had a chance to sell. Today’s Australian Labor Market data was better than expected but AUD/USD failed to go above the MA55 balance line.

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

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

USDCHF



The currency pair went downwards sharply but it was stopped by the trend line according to our expectations. If the price goes above the MA55 balance line, there will be no more opportunities to sell. We think you need to wait until the price reaches the MA55 balance line and jumps off it in order to open short positions. Otherwise, we advise to do nothing today.

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

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


Gold and Silver Technical Outlook November 16, 2017

GOLD (XAUUSD)



Gold is still fluctuating without a clear direction. We think it is time to look for trades within a channel. We have a good example of such a channel on our screenshot. How to work within such a range? You open positions from its boundaries aiming the opposite side.

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. We think that XAU/USD is likely to develop its range fluctuations in the next couple of days.

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

SILVER (XAGUSD)



Silver stays within a horizontal range and still forms a small channel. There is no tendency currently and we think it is time to look for trades within this range. We advise to open positions from the boundaries of the channel, aiming the opposite sides of it.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD failed to go downwards last week frustrating our expectations. We think that Silver is likely to stay within this limited range for 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 situations is unclear.

Technical Outlook November 17, 2017

EURUSD



The currency pair had a downside correction yesterday according to our expectations. We gave no recommendations for this reason. EUR/USD went upwards sharply during the Asian session and we think the currency pair has some fuel to develop this upside tendency. However, as EUR/USD had a downside tendency for the whole week, we think it is going to establish a range or develop its downside correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued to go downwards last week. We think that EUR/USD is likely to accelerate its decline in the next couple of days.

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

GBPUSD



The currency pair approached the MA55 balance line but failed to reverse it downwards and there was no opportunities to open short positions. The UK Retail Sales data was better than expected and GBP/USD resumed its moderate growth. We think that the currency pair is likely to start a correction today as there is no important data on the way.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair crossed the trend line last week. We think that GBP/USD is likely to break through the trend line and accelerate 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.

AUDUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line. Further downside tendency was not deep but enough to protect positions by moving stop losses at break even level. Stop losses triggered later. AUD/USD increased the speed of its downside tendency but we were out of the market during the Asian session. The price tries to break through the trend line on the Weekly chart but we don’t this this scenario is vital on Friday.

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

There is the 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 an opportunity to open short positions from the MA55 balance line but stop losses triggered. USD/HCF started a correction after the attempts to break through the trend line on the Hourly chart. We think that the currency pair is likely to fluctuate within a range 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 that USD/CHF 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.


Gold and Silver Technical Outlook November 17, 2017

GOLD (XAUUSD)



Gold still fluctuates with no clear direction. We think it is time to look for positions within the range. You can see the example of such a range on the screenshot. If you want to trade within this range, you are to open positions on its boundaries, targeting the opposite sides. The price is close to the middle of the range and we advise to avoid trading in this situation.

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. We think that XAU/USD is likely to stay within a limited range in the next couple of days.

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

SILVER (XAGUSD)



Silver stays within a horizontal channel and continues to fluctuate within. There is no trend currently and we think it is time to look for positions within the channel, that you can see on our screenshot. IF you want to open positions within this range, you are to buy and to sell from its boundaries, targeting the opposite side. The price is closer to the upper side of the channel and we advise to prepare to sell.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to stay within a limited range for the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short positions from the upper side of the channel.

Technical Outlook November 20, 2017

EURUSD



The currency pair fluctuated in a range on Friday. There is no important data today (neither was on Friday) and we think that EUR/USD is going to fluctuate within a limited range. Market participants were active during the Asian session and we think that the currency pair is going to fluctuate within Asian session’s range today. This week has its peculiarities. There are holidays in the United States on Thursday and Friday and there are less opportunities to open positions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our expectations. WE think that EUR/USD 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair established new weekly highs on Friday and started its correction according to our expectations. We think that GBP/USD is likely to start a downside tendency within last week’s range on the nearest future. There is no important data today and we think that GBP/USD is likely to be trading within a limited range.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line last week. We think that GBP/USD is likely to fluctuate within a large range.

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 crossed the trend line on the Weekly chart without any significant problems. We had doubts as market participants are usually more cautious on Friday. However, there is a probability, that this breakout is false. Anyway everything become clear this week. We advise to monitor the situation as there is no important data and we expect no significant activity of market participants today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations and crossed the trend line on the Weekly chart. We think that AUD/USD is likely to hold its positions below the trend line and develops 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.

USDCHF



The currency pair fluctuated within a range on Friday according to our expectations. However, USD/CHF declined a little during the American session. We expect USD/CHF to grow in the nearest future. We think it would be a good idea to open long positions from 0,98650, but there is no tendency currently.

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 that USD/CHF 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.


Gold and Silver Technical Outlook November 20, 2017

GOLD (XAUUSD)



Gold was trying to break through the upper side of the range on Friday. We can see the uptrend now and it is time to look for long positions. However, the price is far from the MA55 balance line. WE give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold fluctuated within a limited range last week according to our expectations and left it by the end of Friday. WE think that XAU/USD is likely to go upwards in the next couple of days.

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

SILVER (XAGUSD)



Silver left its channel and we think it is time to look for long positions. Short trades from the channel’s border ended with losses. We advise to open long positions from the MA55 balance line today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver was in a range last week according to our expectations and left it on Friday. 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 positions from the MA55 balance line. Place stop losses below the indicator.

Technical Outlook November 21, 2017

EURUSD



The currency pair fluctuated in both directions yesterday as the German parties have failed their negotiations, which aim were to create a coalition. EUR/USD is likely to be under the pressure for some time. There is no important data today and 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 went upwards last week frustrating our downside tendency’s expectations. We think that EUR/USD is likely to resume 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 positions from the MA55 balance line. Place stop losses above the indicator.

GBPUSD



The currency pair wet upwards yesterday and is still developing its upside tendency. This means that GBP/USD is likely to grow in the first half of the week and will probably decline in the second half of the week. We think that this information helps to build this week’s strategy. We advise to pay attention to Inflation Report Hearings today as this event is likely to have significant impact on GBP/USD. This report may both accelerate the currency pair’s growth or change its tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line last week. We think that GBP/USD is likely to stay within a wide 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 develops its downside tendency and today’s Australian Reserve Bank’s Meeting Minutes have changed nothing in the current situation. We think that the currency pair is likely to develop its downside tendency and we advise to look for short positions.

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

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

USDCHF



The currency pair initiated an upside tendency, but the trend is still neutral. There was no opportunity to buy from 0.98650 as the price failed to reach this level. However, as EUR/USD is likely to go downwards, USD/CHF is likely to grow and we think you can look for long positions from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF failed to grow last week. We think that the currency pair is likely to go upwards in the next couple of days.

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


Gold and Silver Technical Outlook November 21, 2017

GOLD (XAUUSD)



Gold went upwards on Friday but then returned to the channel and we think that XAU/USD is likely to stay within this range for the whole week. There are no reasons for sharp or significant moves as there are almost no important events and this week is short as there are holidays in the United States on Thursday and Friday. We advise to open positions within this range.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD fluctuated in a limited range last week and left it by the end of the week. We think that Gold 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 open short positions from the lower side of the channel.

SILVER (XAGUSD)



Silver returned to its channel alike Gold. We think that it is a good idea to open positions from channel’s boundaries. There was an opportunity to sell from the MA55 balance line and to protect those positions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver fluctuated within a limited range last week according to our expectations and went upwards on Friday. 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 open short positions from the lower side of the range.

Technical Outlook November 22, 2017

EURUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line area during the European session and the price was in the profit area. There is an important US data today as well as the Federal Open Market Committee Meeting Minutes. We think that EUR/USD’s fluctuations will depend on the results of this data. There is the downtrend currently and you can open positions according to this information.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our downside tendency’s expectations. We think that EUR/USD 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 open short positions from the MA55 balance line. Place stop losses above the indicator.

GBPUSD



Yesterday’s Inflation Report Hearings in UK has almost stopped the uptrend and we think it is time to make a pause and to start monitoring the situation. There was an opportunity to buy from the MA55 balance line yesterday and you could earn about 300 pips.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line. We think that GBP/USD is likely to stay within a large 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair started to grow yesterday and short positions were closed with small losses. There is no trend currently and we recommend avoiding doing anything at the moment. However, when we look at the Weekly chart, we can see that AUD/USD is likely to resume 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 declined last week according to our expectations and crossed the trend line on the Weekly chart. We think that AUD/USD is likely to hold its positions below the trend line to develop its downside tendency.

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 offered an opportunity to open positions according to our recommendations but there was no active growth. You had a chance to protect trades, but if you failed to do so, there was a small loss. We expected USD/CHF to resume its growth but it failed to go upwards.

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 going to resume its upside tendency in the next couple of days.

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


Gold and Silver Technical Outlook November 22, 2017

GOLD (XAUUSD)



Gold failed to approach the lower side of the range and there was no opportunity to open long positions according to our recommendations. However, Gold went upwards and XAU/USD stays in the middle of the range right now. There are several US data releases today and we advise to pay attention to the Federal Open Market Committee Meeting Minutes release as it may have significant impact on fluctuations. We think that Gold is likely to stay within the range today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold remained within the range last week according to our expectations and went upwards in the end of the week. 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 open positions from the lower or upper side of the range.

SILVER (XAGUSD)



Silver fluctuated close to the middle of the range and there was no opportunity to open positions. We think that Silver is going to develop this dynamic unless the US data brings some surprises.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver fluctuated within a range according to our expectations and went upwards by the end of the 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 below the MA55 balance line. We advise to open positions from the upper or lower side of the range.

Technical Outlook November 23, 2017

EURUSD



The currency pair offered an opportunity to open short positions but stop losses triggered. The US data was below expectations and the latest Federal Open Market Committee Meeting Minutes have shown hesitations of the FOMC members and their concern about low inflation. Many FED members think that low inflation has long term nature. This may influence the next Interest Rates hike decisions in 2018. USD went downwards and the other major currencies went upwards. There is a holiday in the United States today and we think that the volatility during the American session will be limited.

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

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

GBPUSD



The currency pair went upwards sharply during the American session yesterday after the release of the Federal Open Market Committee Meeting Minutes results release. GBP/USD is in the uptrend now and we think that it is time to look for long trades today. The price is far from the MA55 balance line and it is better to wait until it approaches the indicator.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line on the weekly chart last week frustrating our expectations. We think that GBP/USD is likely to fluctuate within a large 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 developed its upside tendency yesterday and has broken the downside scenario on the Weekly chart. Now it looks like we have a fake breakout. However, we’ll see the real situation next week. It is difficult to say, how far this growth may be. There are holidays in the United States and we expect AUD/USD 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 declined last week according to our expectations and had crossed the trend line on the Weekly chart. We think that AUD/USD is likely to stay below the trend line and to develop its downside tendency in the next couple of days.

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

USDCHF



The currency pair declined sharply and crossed the trend line on the Hourly chart. We think that USD/CHF is likely to develop its downside tendency in the next couple of days. We give no recommendations as the price is far from the balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF had failed to grow last week frustrating our expectations. We think that the currency pair is likely to resume 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 November 23, 2017

GOLD (XAUUSD)



Gold approached the upper side of the channel and there was an opportunity to sell from 1294,0. Stop loss should be placed above the upper side of the channel. Now you can move stop loss at breakeven level and protect your positions. You can fix your trades when the price comes closer to the MA55 balance line. There is a holiday in the United States today and the volatility will be lower during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold fluctuated within a limited range 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 above the MA55 balance line. We advise to open long positions from the lower side of the channel and short positions from the upper side of the range.

SILVER (XAGUSD)



Silver failed to approach the boundary of the range. However, we think that XAG/USD is likely to stay within this channel and we advise to open positions from its sides.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver fluctuated within a limited range last week according to our expectations and left it by Friday. 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 buy from the lower side of the range and to sell from its upper boundary.

Technical Outlook November 24, 2017

EURUSD



The currency pair fluctuated in a small range according to our expectations. There is the Black Friday today and US bank are going to close earlier. WE expect no significant volatility during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our downside tendency’s expectations. We think that EUR/USD is likely to resume its decline.

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 fluctuated within a limited range yesterday according to our expectations. Yesterday’s activity was low and we give no recommendations for today as the US holiday (Thanksgiving Day) still continues.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line last week. We think that GBP/USD is likely to fluctuated within a large 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 close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD



The currency pair went upwards before the American session and then fluctuated within a range. We think that AUD/USD is likely to repeat this scenario today and we give no recommendations. We do not expect the currency pair to increase its volatility today regardless some important news.

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

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

USDCHF



The currency pair approaches the MA55 balance line ding its correction and we think it is able to develop its growth later towards the broken through trend line. We expected USD/HCF to decline yesterday but there was a holiday in the United States and market participants’ activity was low. Today’s model hints on the probability of further growth.

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 resume 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 November 24, 2017

GOLD (XAUUSD)



Gold decreased its volatility due to the US holidays yesterday. However, if you opened a trade from 1294, you could earn about 7 USD and to fix trades partially. XAU/USD still trying to reach the balance line and we think it is too early to fix all your trades. Stop losses should be at breakeven level and you can wait for profit.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold stood within a limited range last week according to our expectations. And left it by the end of the week. 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 positions from the lower side of the channel and to sell from its upper side.

SILVER (XAGUSD)



Silver fluctuated within a tight range and failed to reach the upper side of the channel offering no opportunities to open short positions. However, we expect the price to reach it today. Today is Friday and US banks will close earlier due to the Black Friday’s events. It is better to close all positions before the weekend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver stood within a tight range last week according to our expectations and left it by the end of the week. 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 buy from the lower side of the channel and to sell from its upper side.

Technical Outlook November 27, 2017

EURUSD



The currency pair went upwards on Friday. We expected EUR/USD to have low volatility. This week is likely to start with a correction. However, we expect EUR/USD to resume its growth in the nearest future. We think that it is a good idea to open trades against the trend today with small targets The price is able to reach the MA55 balance line and you can aim this indicator when pacing trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth frustrating our expectations last week. 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 upward sand the price is above the MA55 balance line. We advise to open short positions from 1,19200-1,19250 area. Place stop losses at 1,19400.

GBPUSD



The currency pair went upwards on Friday. We think that GBP/USD is likely to start this week with a correction and we can see this already as the MA-channel becomes neutral. We give no recommendations today as GBP/USD has low volatility and incorrect trend.

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

There is 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 still fluctuates within a range and we gave no recommendations on Friday. You could try short positions today but the situation on the Weekly chart do not allow to do this. We advise to monitor the situation today and to take steps tomorrow if there is any trend on the chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went above the trend line last week frustrating our expectations. 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 went downwards on Friday. There is no trend currently and we give no recommendations today. However, you could look for long positions, but should be accurate in this case. The price is able to reach 0,98400 in the nearest future.

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 that USD/CHF is likely to continue 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 November 27, 2017

GOLD (XAUUSD)



Gold reached the MA55 balance line on Friday and you had an opportunity to fix positions. We advise to monitor the situation as gold is trying to reach the boundaries of the range. There is lack of important data today and we think that the volatility will be low.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its range last week according to our expectations. We think that XAU/USD is likely to stay within the channel 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 positions from the lower side of the channel or short positions from the upper boundary.

SILVER (XAGUSD)



Silver failed to reach the upper side of the channel and there was no opportunity to sell the precious metal. We think that the market participants are likely to be more active today. We advise to stick to the same tactics as previously and to trade from the boundaries of the channel.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its range last week according to our expectations. We think that XAG/USD is likely to continue to stay within this limited 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 close to the MA55 balance line. We advise to open long trades from the upper side of the channel and the short from the lower boundary.

Technical Outlook November 28, 2017

EURUSD



The currency pair had an expected correction yesterday and still goes in the same direction. The market volatility still grows up and we advise to pay attention to today’s important events. Yesterday’s short positions against the tendency were unsuccessful. Those trades are of high risk but we still advise to open short positions in this situation as there is a probability to win.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth last week frustrating 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 close to the MA55 balance line. We advise to open short positions from 1,19200-1,19250. Place stop losses at 1,19400.

GBPUSD



The currency pair has made a spike yesterday and we think that GBP/USD is likely to decline in the nearest future. We give a recommendation to sell within this neutral tendency and those positions will be of high risk. We advise to pay attention to the Bank of England head’s comments and the Bank stress tests results. Those events may have significant impact on fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week within the range 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 close to the MA55 balance line. We advise to open short positions from 1,33400-1,33500 area. Place stop losses at 1.33700.

AUDUSD



The currency pair remains within its range. The volatility had some growth yesterday, but AUD/USD still fluctuates without any clear direction. There are no even a single hint on further scenario. We give no recommendations 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 returned above the trend line 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 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 still holds on the same positions as it fails to fall and has no fuel to go upwards. There is no trend currently and the price is in flat. We advise to avoid trading today and to monitor the situation as it is unclear whether USD/CHF is going to go upwards or to fall in the nearest future.

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 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 November 28, 2017

GOLD (XAUUSD)



Gold went towards the upper side of the channel and there was an opportunity to sell from there. You could open short positions from 1297,0 targeting the MA55 balance line. Now you can move stop loss to the order opening level in order to reduce your risks. We think that XAU/USD is likely to reach the MA55 balance line today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its limited range last week according to our expectations. We think that XAU/USD is likely to develop its fluctuations within the limited range.

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 short positions from the MA55 balance line. Do not engage in any new trades now as Gold is likely to go towards the MA55 balance line.

SILVER (XAGUSD)



Silver approached the upper side of the channel and there was an opportunity to sell aiming the MA55 balance line. The profit was small but it is enough for Silver. We advise to stick to this tactic and to open positions from the sides of the range.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its range last week according to our expectations. We think that XAG/USD is likely to develop its range fluctuations in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long positions from the lower side of the range and to sell from its upper boundary.

Technical Outlook November 29, 2017

EURUSD



The currency pair failed to reach 1,19200 and there was no opportunity to sell from there according to our recommendations. Yesterday’s US data was favorable for USD’s growth and EUR/USD went downwards. The currency pair is trying to change its tendency once again and we think it is time 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 accelerated its growth last week frustrating our downside tendency’s expectations. EUR/USD 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 open short positions from the MA55 balance line. Place stop losses above the indicator.

GBPUSD



The currency pair declined yesterday alike EUR/USD did but the news from the Great Britain about Brexit, allowed GBP/USD to went upwards again. One of the news agencies had announced that The United Kingdom and the European Union have reached an agreement on Brexit financial issues. However, the currency pair offered an opportunity to sell before this event and you could fix about 1300 pips of profit. There were no difficulties to close positions yesterday.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.
There is 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 still fluctuating within a range and the volatility is low. The currency pair behave itself in a strange manner and we advise to monitor the situation. We think this low volatility is due to the fact that AUD/USD is close to a strong and important technical level on the higher timeframes.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was upper the trend line 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 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’s growth is not suitable for trading now and we give no recommendations. Such fluctuations are similar to an upside flat. We think that once the price reaches the trend line on the Hourly chart, it will start to decline and it is better to wait until this moment comes.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth last week frustrating our upside tendency’s 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 November 29, 2017

XAUUSD



Gold reached the MA55 balance line and you could close your short positions there with small profit. The price is close to the upper side of the channel and the Northern Korea situation does not allow us to open trades. Medias reported that the Norther Korea Has launched another ballistic missile.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its range last week according to our expectations. We think that XAU/USD is likely to continue its fluctuations within this range.
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.

XAGUSD



Silver reached the lower side of the channel and offered an opportunity to open long positions. The situation with a launch of the Norther Korea ballistic missile could help Silver to go upwards, but this does not happen. You can protect your positions by placing stop losses at breakeven level. We advise to hold positions until the price reaches the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its range last week according to our expectations. We think that XAG/USD is likely to stay within this 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 close to the MA55 balance line. We advise to hold positions from the MA55 balance line.

Technical Outlook November 30, 2017

EURUSD



The currency pair failed to approach the MA55 balance line and there was no opportunity to sell EUR/USD according to our recommendations. US data was strong, but it had almost no influence on fluctuations. Budget Committee has adopted new amendments to the taxes law. This event could give some additional support to USD. There is important Eurozone inflation data today. Market participants expect this data to be better than previous.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth last week frustrating 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 and the price is close to the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

GBPUSD



The currency pair continues its upside tendency after news on Brexit. GBP/USD almost reached the upper side of the MA-channel during the Asian session and we give no recommendations. We think that it is a good idea to “sit on the hands” as the situation is unclear now.

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

There is the 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 tries to go downwards and is going to develop a downside tendency. We think it is a good idea to try to open short positions, but the volatility is still low. If you place sell orders, it is better to choose closer targets.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair returned to its previous positions last week. 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 positions from the MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair is still inconvenient for any actions and we give no recommendations. However, USD/CHF established new weekly highs and is moving towards the trend line on the Hourly chart. We think that there will be some trading opportunities when the price reaches the trend 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, 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 open short positions from the trend line on the Hourly chart. Place stop losses above the line.


Gold and Silver Technical Outlook November 30, 2017

GOLD(XAUUSD)



Gold declined finally. XAU/USD was close to the upper side of the channel for several days. Better than expected US data and adoption of amendments to tax legislation by the Budget Committee offered some support to USD and Gold went downwards. There is an important Eurozone inflation data today. We advise to pay attention to US Personal Spending data as well.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its limited range last week according to our expectations. We think that XAU/USD is likely to stay within this range for a 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 closed previously opened long positions, which we had placed close to the lower side of this horizontal range. Positions were closed at breakeven level as we advise to move stop losses there. Silver developed its downside tendency and reached the lower side of the MA-channel. We give no recommendations now.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its limited range last week according to our expectations. We think that XAG/USD is likely to develop its flat fluctuations 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 December 1, 2017

EURUSD



The currency pair offered an opportunity to sell according to our recommendations from the MA55 balance line. The price was in the profit area for more than 500 pips and there was a chance to fix positions without any troubles. This downside tendency was the result of a worse than expected Eurozone inflation data as the final result was weaker than experts had previously forecasted. However, later the currency pair went upwards sharply as the US President Donald Trump has announced the probability of the Secretary of State Tillerson Resignation. The uptrend has started. We have announced it in the beginning of the week.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth last week frustrating 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 positions form the MA55 balance line. Place stop losses below the indicator.

GBPUSD



The currency pair is still going upwards after the latest Brexit news. The price is likely to stop at 1,36000 or somewhere near this level. The uptrend is very strong and you can try to open long positions from MA13. However, remember that risks are very high.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long positions from the MA13. Place stop losses below the indicator.

AUDUSD



The currency pair offered an opportunity to open short positions from the MA55 balance line yesterday according to our recommendations. The price was in the profit area for 300 pips and there was an opportunity to fix positions with positive results. There was two chances to sell and both ended almost with the same results. We think that it is a good idea to look for short positions today.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went above the trend line last week. 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 positions from the MA55 balance line. Place stop losses above the indicator.

USDCHF



The currency pair approached the trend line on the Hourly chart and offered opportunities to open short positions according to our recommendations. The price declined for more than 600 pips. However, we think that this downside tendency has just began and we advise to hold short positions. Move stop losses at breakeven level.
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 upside tendency’s 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 close to the MA55 balance line. We advise to hold short positions from the trend line on the Hourly chart.


Gold and Silver Technical Outlook December 1, 2017

GOLD(XAUUSD)



Gold goes downwards in a wave manner and it is hard to stop such a downside tendency. You could look for short positions yesterday. The price failed to move closer to the MA55 balance line and it was better to avoid doing anything. You can try to sell from the MA13, but risks are very high. We advise to pay attention to the PMI data from the strongest economics in the World.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price returned to its limited range last week according to our expectations. We think that Gold is likely to stay within this channel for the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA13. Place stop losses above the indicator.

SILVER(XAGUSD)



Silver developed its aggressive decline yesterday and failed to approach the MA55 balance line. The price made a significant way downwards and we think that it is going to stop in the nearest future. We give no recommendations as we think that a correction is possible.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its limited range last week according to our expectations. We think that XAG/USD is likely to stay within this channel for the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

Technical Outlook December 4, 2017

EURUSD



The currency pair offered an opportunity to sell from the MA55 balance line according to our expectations. The price went upwards and stop losses could trigger but if you are still in the market, you could earn about 600 pips and to fix profit without any difficulties. This week is important for the markets as there is a probability of significant fluctuations on Friday due to the US Labor Market and Average Hourly Earnings releases. However, today there is no important data from United States and Eurozone and we expect the volatility to be medium.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to develop its range fluctuations in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD



The currency pair offered an opportunity to open long positions from the MA13. However, those trades were unsuccessful. We have noticed that those positions will be of high risk. GBP/USD has started a correction and we advise to wait until the end of this correctional downside tendency before taking any further steps.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is the 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.

AUDUSD



The currency pair offered an opportunity to sell from the MA55 balance line according to our recommendations. However, there was no chance to have profit with those positions as stop losses triggered. AUD/USD shows intensions to grow and we think that there will be a fake breakout on the Weekly chart. We advise to prepare for long positions.

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 according to our expectations. We think that AUD/USD will remain in this range in the nearest future and will leave it upwards later.

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 from the trend line on the Hourly chart according to our expectations. However, the price tested the trend line again and stop losses could trigger. If you remained in the market, your profit could reach 1200 pips. You had an opportunity to fix 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 stay within this wide range for the next couple of days.

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


Gold and Silver Technical Outlook December 4, 2017

XAUUSD



Gold offered an opportunity to sell according to our recommendations but those positions were closed by stop losses. The trades were of high risk as we had previously mentioned. US political events influence USD and its fluctuations are unstable. We think that the situation will be the same this week and it is better to be prepared for some surprises.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

XAGUSD



Silver stopped its downside tendency on Friday, but we think it may resume its decline in the nearest future. We think it is a good idea to look for short positions from the MA5 balance line.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

Technical Outlook December 5, 2017

EURUSD



The currency pair fluctuated in a small range yesterday as there was no important data to increase volatility. There is no tendency currently but you can try to open short positions form the MA5 balance line with close targets. It is better to open positions in the first half of the day. We advise to pay attention to Eurozone PMI and Retail Sales data as it may influence fluctuations.
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. We think that EUR/USD is likely to stay within this range for 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 positions from the MA55 balance line. Place stop losses above the indicator. Those positions are risky.

GBPUSD



The currency pair had some sharp fluctuations yesterday as the negotiations on Brexit has started again. Market participants expected those negotiations to have positive results. However, there was some problems during the meeting that remained unsolved and GBP/USD went downwards with the same speed. We advise to pay attention to UK PMI data as it may influence fluctuations.
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 our expectations. We think that GBP/USD is going to develop is 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 open short positions from the MA55 balance line. The trade is risky.

AUDUSD



The currency pair fluctuated in a small range on Monday. However, it started to grow today in the morning as the Australian data was better than expected. We advise to pay attention to today’s Reserve Bank of Australia meeting. Experts expect the Interest Rate to remain unchanged. We think that AUD/USD is likely to go upwards today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated in a small range last week according to our expectations. We think that AUD/USD is likely to stay within the 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.
The currency pair approached the trend line on the Hourly chart. We think that it is going to break through this line today. However, there is no trend currently and we give no recommendations. We advise to do nothing today. The currency pair is likely to go upwards 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 last week and gained back some positions. We think that USD/CHF is likely to stay within this range for 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 approached the trend line on the Hourly chart. We think that it is going to break through this line today. However, there is no trend currently and we give no recommendations. We advise to do nothing today. The currency pair is likely to go upwards 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 last week and gained back some positions. We think that USD/CHF is likely to stay within this range for the next couple of days.

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


Gold and Silver Technical Outlook December 5, 2017

XAUUSD



Gold fluctuated within a small range on Monday as there was no important events to shake the markets. There are several important events today and we expect XAU/USD to increase its volatility. US tax law amendments were adopted by the Senate, but this event had no impact on fluctuations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations. WE think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is 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.

XAGUSD



Silver offered an opportunity to open short positions from the MA55 balance line, but the profit was low as the market activity was also low. There are two options now – you can fix your positions and earn about 10 pips or leave your trades unchanged and to hope for the better results. Stop losses should be moved to the breakeven level in this case.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

Technical Outlook December 6, 2017

EURUSD



The currency pair declined yesterday during the European session after the weaker than expected Eurozone data. EUR/USD accelerated its decline later as the Senate has adopted new amendments to the tax legislation. There was an opportunity to sell from the MA55 balance line. You could earn about 700 pips in this case. There are several important US data releases today and we think that the volatility is going to be high.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to stay within this range for the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

GBPUSD



The currency pair offered an opportunity to sell from the MA55 balance line according to our recommendations. You could take 500 pips profit in this case. GBP/USD went downwards as the UK data was weaker than expected. USD went upwards as well due to the adoption of amendments to tax legislation by the Senate. We advise to pay attention to the US data, which is to be released today during the American session.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards las week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

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

AUDUSD



The currency pair stopped its upside tendency during the Asian session. We can see some signs of a reverse. Today’s Australian GDP data was disappointing. We think that AUD/USD is likely 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 fluctuated in a small range last week according to our expectations. We think that AUD/USD is likely to stay within the range for the next couple of days. We also expect the currency pair to break the upper side of the range later.

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

USDCHF



The currency pair went through the trend line on the Hourly chart according to our expectations. We think that it is a good idea to open positions from the trend line on the Hourly chart. There is a high probability that USD/CHF is going to develop is upside tendency in the nearest future.

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

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


Gold and Silver Technical Outlook December 6, 2017

GOLD(XAUUSD)



Gold went downwards yesterday after a short pause. USD’s growth supported this downside tendency. The price established new weekly lows and approached the trend line on the Weekly chart. We think that Gold is likely to fail to break through the trend line from the first attempt. There is the downtrend currently but there is a support which is likely to hold the precious metal for some time.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER(XAGUSD)



Silver developed its downside tendency and the idea to hold short positions was right. We advise to leave trades and to move stop losses at breakeven level. There was an opportunity to take about 35 pips. Silver has no obstacles to continue its decline. We advise to fix trades partially and to leave the rest as the profit may grow further. It is better to avoid opening new positions.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

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

Technical Outlook December 7, 2017

EURUSD



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

GBPUSD



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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook December 7, 2017

GOLD(XAUUSD)



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

SILVER(XAGUSD)



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

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

Technical Outlook December 8, 2017

EURUSD



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

GBPUSD



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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook December 8, 2017

GOLD(XAUUSD)



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

SILVER(XAGUSD)



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

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

Technical Outlook December 11, 2017

EURUSD



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

GBPUSD



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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook December 11, 2017

GOLD(XAUUSD)



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

SILVER(XAGUSD)



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

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

Technical Outlook December 12, 2017

EURUSD



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

GBPUSD



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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook December 12, 2017

GOLD(XAUUSD)



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

SILVER(XAGUSD)



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

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

Technical Outlook December 13, 2017

EURUSD



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

GBPUSD



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

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

AUDUSD



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

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

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

USDCHF



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

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

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


Gold and Silver Technical Outlook December 13, 2017

GOLD(XAUUSD)



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

SILVER(XAGUSD)



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

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