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Adamant Finance

Adamant Finance - Daily Analysis

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Technical Outlook December 22, 2017

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

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

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

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

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

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

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

USDCHF
1aa36c34d3e71afed0cd5f7b1ee5f057.jpg

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

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

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


Gold and Silver Technical Outlook December 22, 2017

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

SILVER(XAGUSD)
d927bff69dea78f1349b24e23d78bb6b.jpg

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

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

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Official

Technical Outlook December 26, 2017

EURUSD
3a0fa6ac811ffad6cbf95872c961ddc8.jpg

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

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

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

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

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

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

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

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

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


Gold and Silver Technical Outlook December 26, 2017

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

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

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

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Technical Outlook December 27, 2017

EURUSD
b7d1e52eb519271f0c55f835c9a25eac.jpg

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

GBPUSD
577bc903fc076f469e8c344ea77e6d5e.jpg

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

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

AUDUSD
3e29c8c23d0f88136da2f785bf906e7a.jpg

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

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

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

USDCHF
a49ae50581e89ed052a208d3bcbbc3dc.jpg

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

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

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


Gold and Silver Technical Outlook December 27, 2017

GOLD(XAGUSD)
be9281d17f88896317d5f5e6accffa8c.jpg

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

SILVER(XAGUSD)
7098e1d1a380b5f42abf5f569d870459.jpg

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

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

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Technical Outlook December 29, 2017

EURUSD
58382719519f2d558db54f6df9e73046.jpg

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

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

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

AUDUSD
12e8cec23f4cb012099056d48cf053c8.jpg

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

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

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

USDCHF
3d939c54f1a15e59af5a27cfa1cb4db8.jpg

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

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

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


Gold and Silver Technical Outlook December 29, 2017

GOLD(XAUUSD)
d47bc504f18aff9a5fac1a35ce54fe1c.jpg

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

SILVER(XAGUSD)
d52b4e434a5dbb36cab3b548f12e0578.jpg

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

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

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