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Adamant Finance

Forex Brokers
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About Adamant Finance

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  • Country
    Zimbabwe
  1. Adamant Finance - Daily Analysis

    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.
  2. Adamant Finance - Daily Analysis

    Technical Outlook September 20, 2017 EURUSD The currency pair fluctuated in a range yesterday after a sharp momentum during the Asian session. There was an opportunity to buy and you could have 500pips profit. The situation is the same today as the price went upwards during the Asian session. Yesterday’s ZEW Economic sentiment data was mixed. Market participants are looking forward to see the release of the results of the Federal Open Market Committee meeting. Investor expect Janet Yellen to say something about the probabilities of the next Interest Rates hike on December 2017. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that EUR/USD is likely to develop its growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair declined below the MA55 balance line yesterday. There was an opportunity to buy according to our recommendations and stop losses triggered. There were risks as fluctuations were volatile. The currency pair seems to go downwards in the nearest future as it changes its tendency. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week as it crossed strong resistance level according to our expectations. WE think that GBP/USD is likely to start a correction in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to sell from the MA55 balance line area. Place stop losses above this indicator. AUDUSD The currency pair had an upside tendency yesterday and there is no global trend no. We give no recommendations. We advise to pay attention to today’s Federal Open Market Committee meeting results as this event is likely to increase volatility and be the reason of a trend. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF There is no tendency currently as the currency pair has stopped its downtrend recently. We do not believe that the market participants are going to show any activities before the Federal Open Market Committee meeting result release There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had a significant growth last week according to our expectations. We think that USD/CHF is likely to develop its decline in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. WE advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook September 20, 2017 GOLD (XAUUSD) Gold paused its decline yesterday as the market participants expect the Federal Open Market Committee to say something on the probability of monetary policy tightening on December. We think that XAU/USD is likely to start any trend today and its direction will depend on the comments of the FED head’s Janet Yellen. It is better to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gild reversed its tendency last week according to our expectations. We think that XAU/USD is likely to develop its decline as it is a part of a correction. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver stopped its decline as the market participants are looking forward to see the results of the Federal Open Market Committee meeting results. It is better to do nothing before the release of those results. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD is likely to decline as the precious metal is in a correction now. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  3. Adamant Finance - Daily Analysis

    Technical Outlook September 19, 2017 EURUSD The currency pair fluctuated in a range yesterday as the market participants are looking forward to see the results of the Federal Open Market Committee meeting, which ends on Wednesday. The Eurozone CPI data had almost no influence on the fluctuations as they met the expectations. Today we advise to pay attention to the next Eurozone data such as ZEW Economic Sentiment. We also recommend paying attention to the US Building Permits data, which is to be released during the American session. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week. We think that EUR/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. GBPUSD The currency pair returned to the balance line faster that we had expected and we think it is a good idea to look for long trades today from the MA55 balance line. However, yesterday’s price decline was too fast and it is risky to open trades right now. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair resumed its growth last week and has broken through strong resistance level. We think that GBP/USD is likely to start a correction and then to resume its growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. AUDUSD The currency pair declined yesterday and there is no tendency currently. We though that AUD/USD was going to establish an upside tendency and was going to offer some trading opportunities. However, something went wrong and we advise to do nothing and to monitor the situation as the current market position is unclear. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a correction last week. We think that AUD/USD is likely to resume its upside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair had almost no changes yesterday. Inflation data from Eurozone showed no changes as well. We advise to pay attention to the next set of Eurozone data today (including ZEW Economic sentiment) as well as to the US Building Permits data. However, we do not expect the rise of the volatility as the market participants will pay more attention to the results of the Federal Open Market Committee meeting. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards significantly last week. We think that USD/CHF is likely to resume its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook September 19, 2017 GOLD (XAUUSD) Gold developed its negative tendency on Monday as the Interest Rates hike odds increased in the United States. It is hard to say what is the reason for such hike as the inflation data was worse than expected last week. However, investors want to see the FED head’s comments. Janet Yellen may say something about further monetary policy tightening. The price is far from the MA55 balance line and we give no recommendations. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold reversed its tendency last week according to our expectations. WE think that XAU/USD is likely to develop its decline in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver accelerates its decline yesterday, but we missed the chance to open trades. We think that this is the strongest movement this week that we have failed to take profit from. It happened because the price failed to reach the MA55 balance line. There was no opportunity to sell with lower risks. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver developed its growth last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days as Silver has a correction at the moment. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  4. Adamant Finance - www.adamantfinance.com

    18.09.2017 Dear members of the community, We would like to summarise the results of https://www.facebook.com/adamantfinance/photos/a.939800099420896.1073741828.939687499432156/1471072629626971/?type=3 contest week. The winner is Rakuti Rakuti https://www.facebook.com/karbit1234 We invite all to take part in Adamant Finance contest, which takes place via Facebook social network https://www.facebook.com/groups/crazysignals/permalink/1429454133788561/ The winner is given 50USD welcome bonus + 50USD to the Classic account, which make 100USD in total. We summarise the result each Monday and release this information in our Facebook community http://www.facebook.com/adamantfinance The winner is chosen randomly via a special service http://www.fanpagekarma.com
  5. Adamant Finance - Daily Analysis

    Technical Outlook September 18, 2017 EURUSD The currency pair went upwards on Friday after the weaker than expected US Retail Sales data. There is a very important event this week – the Federal Open Market Committee meeting. Market participants expect no changes during the meeting, but they look forward to hear something new about the future monetary policy changes and forecasts. There is important Eurozone CPI data today and we think that EUR/USD is likely to move upwards. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week. We think that EUR/USD is likely to develop its upside dynamics in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair went upwards significantly on Friday after the market participants learned about the probabilities of monetary policy tightening in the nearest future. The price went beyond the MA-channel and we think it is better to do nothing at the moment. We think that the price is likely to start a correction towards the MA55 balance line and is going to reach this area by the middle of the week. Then, GBP/USD is likely to resume its growth. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week and crossed a strong resistance level. We think that GBP/USD is likely to start a correction and then to resume its growth by the end of the week. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair forms a pattern which indicates on the probability of a further upside tendency. We advise to be cautious on Friday. AUD/USD is almost ready to change its tendency, but it is better to wait until the MA-channel reverses as well. We advise to pay attention to the Reserve Bank of Australia meeting minutes, which will be released during the Asian session tomorrow. This event is likely to be a driver for the increase of the volatility. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had a downside correction last week. We think that AUD/USD is likely to resume its upside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair failed to grow last week and short trades were closed by stop losses. There are several reasons for USD/CHF to increase its volatility. Today we advise to pay attention to the Final Eurozone CPI data. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week. We think that USD/CHF is likely to resume its decline in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook September 18, 2017 GOLD (XAUUSD) Gold declined towards the weekly lows and we think the precious metal is going to develop its downside tendency in the nearest future. As for the important events this week, we advise to pay attention to the Federal Open Market Committee meeting, which takes place on Wednesday. If the FOMC members make no clear hints on the probabilities of further monetary policy tightening, Gold is likely to start its growth. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD went downwards last week according to our expectations. We think that Gold is likely to develop its decline in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver failed to make a clear breakthrough of the trend line and we think it has no more power to contain the price. We advise to monitor the price today as Silver is likely to develop its decline. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver developed its growth last week according to our expectations. We think that XAG/USD is likely to develop a downside correction in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  6. Adamant Finance - Daily Analysis

    Technical Outlook September 15, 2017 EURUSD The currency pair went upwards yesterday and had a moderate growth after the US CPI data, which was mixed. The final result was better than expected, but the current figures are lower than the Fed wants to reach in order to continue monetary policy tightening. Anyway, we have a downside tendency at the moment and we advise to look for short trades. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair was trading in a range last week according to our expectations. We think that EUR/USD is likely to develop its upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards as the price is below the MA55 balance line. We advise to sell form the MA55 balance line area. Place stop losses above the indicator. GBPUSD The currency pair went upwards sharply after the Bank of England meeting as the head of the financial institution has made some unexpected announcements on the probability of Interest Rates hike in the nearest future as the inflation rises and the BoA has a mandate to contain it. Those comments lead to a new growth and the currency pair went towards the yearly highs. GBP/USD crossed the trend line on the Weekly chart and we think that the currency pair is likely to develop its growth in the nearest future. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards yesterday and that was unexpected. We think that GBP/USD is likely to make another strong upside momentum and then to start a correction in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair allowed to open short trades according to our recommendations and take about 500 pips profit. There was an opportunity to fix all trades or close them partially and to protect the rest. It is better to make a stop today as we have already taken some profit and the currency pair seems to change its tendency. We think it is a good idea to do nothing today as the situation is unclear. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair offered no opportunities to sell from the trend line. If you sold from the MA55 balance line, you could have losses. We think you can try to buy today from the MA55 balance line as the currency pair is likely to resume its growth in the nearest future. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week frustrating our expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades form the MA55 balance line. Place stop losses below the indicator. Gold and Silver Technical Outlook September 15, 2017 GOLD (XAUUSD) Gold had a moderate reaction to the US CPI data as inflation is still lower than expected by the Federal Open Market Committee. The market participants have doubts that the Fed is going to hike Interest Rates one more time this year. There was an opportunity to sell and to take some profit during the American session. We advise to avoid trading today as the situation is unclear. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The precious metal went upwards last week according to our expectations. We think that the price is likely to reverse in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avid trading today as the situation is unclear. SILVER (XAGUSD) Silver offered an opportunity to open short trades from the MA55 balance line area according to our recommendations and you could earn about 20 pips during the American session. There is no trend today and we think that XAG/USD is going to change its tendency in the nearest future as the price is trying to cross the trend line on the Hourly chart. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its growth last week according to our expectations. WE think that Silver is likely to reverse its tendency downwards in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  7. Adamant Finance - Daily Analysis

    Technical Outlook September 14, 2017 EURUSD The currency pair fluctuated above the MA55 balance line but failed to reverse a tendency. However, later EUR/USD declined according to the current downside tendency. USD becomes stronger on the eve of today’s US CPI data. We give no recommendations as the price is close to the lower side of the MA-channel. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within a range last week according to our expectations but went upwards on Thursday and Friday. We think that EUR/USD is likely to develop its upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair reversed its tendency as it bounced off the trend line on the Weekly chart. There is the Bank of England meeting on the way which may have significant impact on fluctuations. There is also US CPI data to pay attention to. Those figure are also likely to shake markets. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week. WE think that GBP/USD is likely to make another upside momentum and then to start a correction. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair continued its downside tendency yesterday within the American session after the US data. There was some attempts to change tendency but Bulls were unable to reverse a trend. Today’s Australian Labor Market data was better than expected and AUD/USD has got some momentum. However, it is still under the pressure. There is an opportunity to sell now at a rather good position. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that AUD/USD is likely to develop its upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short trades today from the MA55 balance line. Place stop losses above the indicator. USDCHF The currency pair fluctuated close to the trend line for long time and tested it. We thought that the price bounced it off and it seemed like USD/CHF has made a reverse. However, later the currency pair tested the trend line again and crossed it finally. The price is still far from the MA55 balance line but you can try long trades from the trend line or from the MA55 balance line if the price moves closer to the indicator. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week frustrating our expectations. We think that USD/CHF is likely to develop its declined in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the trend line or from the MA55 balance line (if the price is going to reach the indicator). Place stop losses below those indicators. Gold and Silver Technical Outlook September 14, 2017 GOLD (XAUUSD) Gold declined as the US PPI data was better than the previous meaning. The PPI growth was weaker than expected, but producer inflation is above the previous figure. This is a good sign for USD. Today we advise to pay attention to the US CPI data as the volatility is going to rise. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The precious metal developed its growth last week according to our expectations. We think that XAU/USD is going to change its tendency and to decline in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator. SILVER (XAGUSD) Silver went upwards but then declined sharply. We think that the current pattern indicates on the probability of further decline of XAG/USD. There is the downtrend currently and we think it is a good idea to sell today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its growth last week according to our expectations. We think that XAG/USD is likely to reverse its tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator.
  8. Adamant Finance - Daily Analysis

    Technical Outlook September 13, 2017 EURUSD The currency pair had some growth yesterday and you could have 250 pips profit if you had opened trades according to our recommendations. It was enough to protect your positions and to fix some of them. Then, the price went towards the weekly lows and returned back sharply. We can see a false break out. We think that EUR/USD is likely to resume its upside tendency in the nearest future. The price makes some attempts to cross the MA55 balance line now. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a range last week according to our expectations and then had a sharply growth on Thursday and Friday. We think that EUR/USD is likely to develop its upside tendency in the next couple of days. There is the downtrend on the Hourly chart s the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair went upwards yesterday after the better than expected UK Inflation data. Long trades were successful and you could earn about 1300 pips. You had an opportunity to fix trades or to protect them. The price is far from the MA55 balance line today and we advise to do nothing. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week. We think that GBP/USD is likely to develop its upside tendency and then to start a correction in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair established a downside tendency but it shows no intention to develop its decline. We think that AUD/USD is likely to change its tendency in the nearest future and this reverse may be sharp. We think it is not a good idea to look for short trades now. It is better to prepare for a reverse. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair continued to fluctuate close to the upper side of the MA-channel and we gave no recommendations. The price reached the trend line and bounced off it. This is a sign of further reverse. We advise to monitor the price today as it is close to the MA55 balance line. We think that USD/CHF is likely to cross the trend line and to develop its downside tendency in the nearest future. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week frustrating our expectations. We think that USD.CHF is likely to develop its downside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook September 13, 2017 GOLD (XAUUSD) Gold went upwards yesterday and almost reached the MA55 balance line. It happened today, during the Asian session. We think that you can try short trades from the MA55 balance line today. The US CPI data is going to be released within the American session and Gold prices may resume their growth as we do not expect the US inflation to grow. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold develop its growth last week according to our expectations. We think that XAU/USD is likely to reverse its tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to sell from the MA55 balance line. Place stop losses above the indicator. SILVER (XAGUSD) Silver offered an opportunity to sell from the MA55 balance line in the end of the American session according to our recommendations. It is better to do nothing at such moments as Silver prices always have low volatility during the American and Asian sessions. If you have positions, it is better to close them as the price jumped through the MA55 balance line and this is a bad sign for the Bears. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its growth last week according to our recommendations. We think that XAG/USD is likely to reverse its tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  9. Adamant Finance - Daily Analysis

    Technical Outlook September 12, 2017 EURUSD The currency pair offered an opportunity to buy from the MA55 balance line according to our yesterday’s recommendations. The price went upwards in the forecasted direction for 250 pips. Is was enough to fix trades or to protect the rest of your positions. As for the second recommendations, long trades were opened from 1,19500. Stop losses are at 1,19400. The price is close to the strike now but we expect EUR/USD to develop its growth towards the MA55 balance line at least. In this case you will earn about 500 pips. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a range according to our expectations and had a sharp growth on Thursday and Friday after the release of the results of the European Central Bank meeting. We think that EUR/USD is likely to develop its upside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to hold long trades from 1,19500 and avoid doing anything else. GBPUSD The currency pair reached the MA55 balance line after in the end of the American session and you had an opportunity to open long trades. In case if you placed a postponed order, it was executed at 1,31600. The price is above the orders now but this distance is not enough to protect trades. We think that the price is likely to move towards 1,3200 and even above. There is important UK CPI data today, which may drive the currency pair even higher in case if the result is better than expected. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some sharp growth last week. We think that GBP/USD is going to make another sharp upside momentum and to correct in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to hold long trades from the MA55 balance line. Stop loss should be placed below the indicator. AUDUSD The currency pair is under the pressure now as USD is going upwards. AUD/USD declined after today’s Australian data as PMI index was worse than expected. It is better to do nothing today as there is no tendency currently and we give no recommendations in this situation. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. WE think that AUD/USD is likely to develop its growth in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair offered an opportunity to sell from the MA55 balance line and from 0,9539 according to our recommendations. The price went in the direction of our forecasts and you could protect your trades by moving stop loss at breakeven level. The tendency has changed today and the price is close to the upper side of the MA-channel. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week frustrating our expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook September 12, 2017 GOLD (XAUUSD) Gold declined on Monday according to our expectations. We gave no recommendations as there is no tendency currently. The MA-channel proves the downtrend today and we think it is a good idea to try selling from the MA55 balance line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according to our expectations. We think that XAU/USD is likely to reverse its tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to sell from the MA55 balance line. Place stop losses above the indicator. SILVER (XAGUSD) Silver still has the opportunity to work out a Doji on the Weekly chart and we think it is better to look for short trades. The price may fail to go back towards the Ma55 balance line and we think it is a good idea to sell from the MA13. Aim close targets as we have a correction now. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its growth last week according to our expectations. We think that XAG/USD is likely to reverse its tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line or from the MA13. Place stop losses above the indicators.
  10. Adamant Finance - www.adamantfinance.com

    Dear members of the community, We would like to summarise the results of https://www.facebook.com/adamantfinance/photos/a.939800099420896.1073741828.939687499432156/1465097180224516/?type=3 contest week. The winner is Good Father https://www.facebook.com/profile.php?id=100010726620447 We invite all to take part in Adamant Finance contest, which takes place via Facebook social network https://www.facebook.com/groups/crazysignals/permalink/1471899136210727 The winner is given 50USD welcome bonus + 50USD to the Classic account, which make 100USD in total. We summarise the result each Monday and release this information in our Facebook community http://www.facebook.com/adamantfinance The winner is chosen randomly via a special service http://www.fanpagekarma.com
  11. Adamant Finance - Daily Analysis

    Technical Outlook September 11, 2017 EURUSD The currency pair established new tops on Friday and then went on correction, which is developing at the moment. We can see the uptrend currently, but this correction may be longer, than we expect. The price is close to the MA55 balance line but it is risky to buy right now as we have no idea, when the correction is going to stop. There is the probability that the correction is going to touch the trend line on the Hourly chart (1,19400-600 area). There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a range last week according to our expectations. However, is went upwards on Thursday and Friday after the release of the results of the European Central Bank meeting. We think that EUR/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. Those trades are risky. You may also try to buy form 1,19500. GBPUSD There was no opportunity to buy from the MA13 as the price failed to reach this area. The upside tendency was too strong and the currency pair avoid to get closer to the MA13. There are several important UK data releases this week as well as the Bank of England Meeting. We think there will be some opportunities to take profit in the next five days. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week which was unexpected for us. We think that GBP/USD is likely to make another upside burst and to have a moderate correction in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. AUDUSD The currency pair had a correction on Friday after its growth during the Asian session. We advised to avoid trading and we were right. We think that AUD/USD is likely to fluctuate with low volatility as there is no important data on the way. You can try long trades with close targets. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an upside tendency last week according to our expectations. We think that AUD/USD is likely to develop its growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair reached the MA55 balance line and we think it is time to look for short trades again. However, it is better to sell from better levels such as 0,95300. We think it is better to aim close targets. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week frustrating our expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator. Those trades are risky. You can also try to sell from 0,95300. Gold and Silver Technical Outlook September 11, 2017 GOLD (XAUUSD) Gold offered opportunities to buy from MA13 according to our recommendations on Friday. The price went upwards then for 40pips and it was enough to take profit or to protect trades. XAU/USD started this week with a gap and crossed the trend line. We think that XAU/USD is likely to start a deep correction, which may last for a couple of days. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold developed its growth last week according to our expectations. We think that XAU/USD is likely to reverse its tendency downwards in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver made a Doji on the Weekly chart and we think this precious metal is likely to decline in the nearest future. We think that this correction is likely to be deep as it is strong and it is hard to stop it. We think it is a good idea to do nothing today as the volatility is expected to be low. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver developed its growth last week according to our expectations. We think that XAG/USD is likely to reverse its trend in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  12. Adamant Finance - Daily Analysis

    Technical Outlook September 8, 2017 EURUSD The currency pair resumed its growth after the ECB meeting results as the European Central Bank members admit higher forecasts on GDP growth. Meanwhile, US data was worse than expected. Those two factors allowed EUR/USD to go upwards. We gave no recommendations yesterday as we advised to open trades after the ECB meeting. The currency pair continues its growth today during the Asian session and it left the MA-channel as EUR/USD crossed the upper side of the MA-channel. We give no recommendations in the situation. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some expected growth last week according to our expectations, but then declined sharply. WE think that EUR/USD is likely to establish a range in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair established new highs after stronger than expected UK real estate market data. Another reason for this upside tendency was weaker than expected US data. GBP/USD developed its growth yesterday but no as aggressive as EUR/USD did. We think it is a good idea to look for long trades from the MA55 balance line. However, the price went upwards during the Asian session and you need to look for other probabilities to buy. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to establish a range in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA13. Place stop losses below the indicator. AUDUSD The currency pair resumed its growth yesterday despite a weak Australian data. However, today’s Australian data was better than expected and the currency pair continues to grow. It is too late to open long trades now. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some slight growth last week according to our expectations. We think that AUD/USD is likely to develop its growth or to establish a range in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair speed up its decline after the European Central Bank meeting. We gave no recommendations yesterday as we advised to open trades according to situation. We give no recommendations today as well as the price is beyond the MA-channel lower border. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week but then went upwards sharply. We think that USD/CHF is likely to establish a range in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook September 8, 2017 GOLD (XAUUSD) Gold established new highs after the European Central Bank meeting as the ECB members improved their GDP growth forecasts. US data was weaker than expected. We gave no recommendations yesterday but today you can look for long trades. The price is far from the MA55 balance line. You can try risky trades from the MA13. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according to our recommendations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA13. Place stop losses below the indicator. SILVER (XAGUSD) Silver went upwards ignoring technical patterns after the release of the results of the European Central Bank meeting. Those fluctuations resulted in a small stop loss as we advise to sell yesterday. The price is far from the MA55 balance line and we advise to avoid trading. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  13. Adamant Finance - Daily Analysis

    Technical Outlook September 7, 2017 EURUSD The currency pair continued its fluctuations within a range yesterday as the market participants are looking forward to see the results of today’s European Central Bank meeting, which takes place during the European session. This event is going to influence further EUR/USD fluctuations. USD has got some support yesterday as the US President approved the increase of governmental debt limits. Everything depends today on the decisions and comments from the ECB Head Mario Draghi and his colleagues. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had an expected growth last week, but then declined sharply. We think that EUR/USD is likely to establish a trading range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair established new highs but reversed sharply and returned to its previous positions. This means that the upside tendency is weak at least and there is a probability of a reverse. However, we have noticed that all the majors decreased volatility on the eve of the European Central Bank meeting. We advise to do nothing today at least before the results of the ECB meeting. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated with an upside bias according to our expectations last week. We think that GBP/USD is likely to establish a range in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair declined towards the MA55 balance line yesterday and there was an opportunity to open long trades according to our recommendations. The price went in the direction of forecast and allowed to earn about 400 pips. It was enough to fix trades. Australian Retail Sales data was weak and you can see the results on the chart. We think that the further AUD/USD fluctuations will depend on the ECB meeting results and the ECB head’s comments. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair developed its growth last week according to our expectations. We think that EUR/USD is likely to establish a range or to develop its growth in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair went upwards towards the MA55 balance line yesterday and there was an opportunity to sell from there according to our recommendations. The price took the right direction and you could earn about 350 pips. There was no difficulties to fix trades partially. Today’s currency pair fluctuations will depend on the results of the European Central Bank meeting. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week according to our expectations, but then returned to its previous positions. We think that USD/CHF is likely to establish a wide trading range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook September 7, 2017 GOLD (XAUUSD) Gold went towards the MA55 balance line and there was an opportunity to sell from there according to our recommendations. The price went in the direction of our forecasts and you could have about 45 pips profit. It was enough to fix trades or to protect them. Gold went downwards later as Donald Trump approved the increase of the US governmental debt limits. XAU/USD’s fluctuations will depend on the results of the ECB meeting, which takes place today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according to our expectations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) There was an opportunity to open long trades according to our recommendations yesterday. However, there was no sense to do it, as the opportunity appeared in the end of the American session. Silver slows down its growth at the moment and the price has broken the trend line on the Hourly chart. The MA-channel still looks upwards. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD is likely to develop its upside tendency in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short trades from the trend line. Place stop losses above the line.
  14. Adamant Finance - Daily Analysis

    Technical Outlook September 6, 2017 EURUSD The currency pair continues to fluctuate within a tight range. Yesterday’s Eurozone data was worse than expected as all separate figures disappointed market participants. Investors are on the crossroad now as they need to choose any direction and have no idea what to do next. We think that the European Central Bank meeting, which is to be held tomorrow, will clarify the situation and help market participants to make any decision. Anyway, it is better to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations, but then decline sharply on Friday. We think that EUR/USD is likely to establish a range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair had a sharp growth yesterday despite worse than expected UK PMI data. The currency pair had made some attempts to decline last week but failed to cross 1,29000 level. This week GBP/USD was ready to make an upside momentum and this happened yesterday. There is an upside tendency no and we think it is time to look for long trades. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to establish a trading range in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. AUDUSD The currency pair established new highs. The price goes upwards at the moment. We think it is a good idea to look for long trades. Today’s Australian data was disappointing as they were weaker than expected. However, AUD/USD failed to go downwards and we think it is going to resume its growth in the nearest future. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that AUD/USD is likely to establish a range in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. USDCHF The currency pair fluctuated in both directions yesterday and crossed the support line at 0,95500. USD/CHF was above this level for the most part of the American session and crossed 0,95500 in the end of this session finally. There is the downtrend currently and we think it is a good idea to look for short trades. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined significantly last week according to our expectations but went upwards on Friday. We think that USD/CHF is likely to establish a wide range in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line area. Place stop losses above the indicator. Gold and Silver Technical Outlook September 6, 2017 GOLD (XAUUSD) Gold offered opportunities to buy from the MA55 balance line area according to our recommendations. You could earn about 150 pips yesterday. Growth prospective are lower already but you can still try to open long trades form the MA55 balance line today. US data is weak and the tensions between the United States and Northern Korea may result in the further uptrend. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold resumed its growth last week according to our expectations. WE think that XAU/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. WE advise to open long trades from the MA55 balance line. Place stop losses below the indicator. SILVER (XAGUSD) Silver failed to reach the MA55 balance line and there was no opportunity to buy. It is better to be cautious now as there is a probability of a downside correction. However, there is an opportunity to open long trades from the MA55 balance line with small stop losses. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. WE think that XAG/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.
  15. Adamant Finance - Daily Analysis

    Technical Outlook September 5, 2017 EURUSD The currency pair fluctuated in both directions in a tight range yesterday according to our expectations. There was the holiday in the United States and the volatility was low due to low volumes. There are several important figures today including Eurozone PMI and Retail Sales data. Trading volumes are going to restore today and we think that EUR/USD is likely to increase its volatility. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had the expected growth last week, but then decreased sharply on Friday. We think that EUR/USD is likely to establish a trading range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. GBPUSD The currency pair declined yesterday and change its tendency. There is no trend currently. There is important UK PMI data on the way and we think it may lead to some significant fluctuations. There is no tendency currently and we advise to do nothing. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that GBP/USD is likely to establish a trading range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair fluctuated in a tight range yesterday according to our expectations due to the US holiday. AUD/USD went upwards during the Asian session after the Australian and Chinese data. The reserve Bank of Australia is going to finish its meeting in the couple of hours. Market participants expect this financial institution to leave the monetary policy unchanged. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that AUD/USD is likely be trading in a range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear. USDCHF The currency pair had a support at 0,95500 and is unable to cross it. There is no tendency currently and we have no idea what direction USD/CHF is likely to choose in the nearest future. We advise to monitor the currency pair in order to see what tendency it is going to establish. There is important Swiss GDP and inflation data on the way. The currency pair is likely to choose any direction after those figures depending on the results. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined considerably last week according to our expectations, but then went upwards sharply. We think that USD/CHF is likely to establish a range in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook September 5, 2017 GOLD (XAUUSD) Gold stopped its growth on the yearly highs due to the US holidays. However, there are some reasons for XAU/USD to resume its growth including tensions between the United States and the Northern Korea as well as the probability of the next Interest Rates hike to be postponed. We think that Gold is likely to choose the upside direction in the nearest future. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD resumed its growth last week according to our expectations. WE think that Gold is likely to develop its upside dynamics in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. SILVER (XAGUSD) Silver had low volatility yesterday but we expect this precious metal to gain some volumes today. The price is moving towards the MA55 balance line and we think the XAG/USD is likely to bounce off it. Silver is in the uptrend currently and we advise to open long trades today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver resumed its growth last week according to our expectations. We think that XAG/USD is likely to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses below the indicator.
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