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Adamant Finance

Forex Brokers
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About Adamant Finance

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    Zimbabwe
  1. Technical Outlook March 24, 2017 EURUSD The currency pair has broken through the trend line and changed its tendency. There was some fears that this breakthrough is false, but it seems to be true and the currency pair is in the downside correction at the moment. It is better to avoid trading at the moment as the fluctuations are very weak and it is hard to make any profit in this situation. On the other hand, the risks are too high. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to resume its downside tendency last week. We think it is going 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. GBPUSD The currency pair corrected during the European session yesterday and reached the balance line allowing to open long trades according to our recommendations. There was an opportunity to take about 600 pips as profit or to protect trades. We think that the currency pair’s growth is likely to be paused today and it is better to do nothing in this situation. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some significant growth after the British government decisions last week We think that GBP/USD is going to resume its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair developed its decline yesterday and established a clear downside tendency. The trend line was broken through. You may try opening short trades today as there are all conditions for this tendency to continue in the nearest future. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no currency pair decline last week because of weak USD. We think that AUD/USD is going to develop its moderate growth in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above this indicator. USDCHF The currency pair bounced off a strong support level twice and went upwards today in the morning. We think it is going to grow towards the trend line and then the currency pair is likely to bounce off it. However, there is no tendency at the moment 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 because of weak USD. We think this dynamics is likely to continue in the ne xt couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and Silver Technical Outlook March 24, 2017 GOLD (XAUUSD) Gold approached the trendline yesterday and there was a chance to open long trades according to our recommendations. If you did this you would earn about 7 USD and it was eb=enough also to protect your trades. XAU/USD declined after and the trend line on the Hourly chart was broken through. Here is the first sign of future tendency change and we think it is better to avoid trading today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no decline last week as market participants were disappointed with the Federal Open Market Committee member’s comments. We think that Gold is going 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver was growing yesterday up to the broken through trend line. There was some opportunities to open short trades according to our recommendations but the volatility was low. We advise to do nothing today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no decline last week as market participants were disappointed by the Federal Open Market Committee members’ comments. We think Silver is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
  2. Technical Outlook March 23, 2017 EURUSD The currency pair reached the MA55 balance line yesterday during the European session and there was an opportunity to buy according to our recommendations. The price was in a profit area for 450 pips allowing to take profit partially and to protect trades. The price is trying to break through the trend line today but this is happening during the Asian session and we think that this breakthrough is false. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was growing last week. We think it is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today, as the situation is still unclear. GBPUSD The currency pair had a correction towards the MA55 balance line and there was an opportunity to buy according to our recommendations. The price was in a profit area and you had a chance to take around 600 pips as profit or protect your trades. We think that the currency pair is going to develop its growth today and there will be an opportunity to open long trades from the MA55 balance line or from the trend line. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth after last week’s British Government decisions and announcements. We think that GBP/USD is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area of from the trendline. Place stop loses below those indicators. AUDUSD The currency pair was trading in the opposite side of its main “Allies”. There is the downtrend at the moment and we think AUD/USD is going to break through the trendline today. We recommend doing nothing today, as the situation is unclear. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no currency pair decline last week because of weak USD. We think that the currency pair is going to develop its moderate 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 developed its moderate decline yesterday but failed to reach the balance line offering no opportunities to open short trades according to our recommendations. USD/CHF met a strong support line and bounced off it. We think it is going to be trading close to this support line today and to try to break it through. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week because of weak USD. We think that USD/CHF is going to develop this dynamics in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and Silver Technical Outlook March 23, 2017 GOLD (XAUUSD) Gold failed to reach the MA55 balance line yesterday offering no opportunities to open long trades according to our recommendations. XAU/USD’s growth slows down and we think the precious metal is going to start a correction in the nearest future. We advise to look for long trades from the MA55 balance line or from the trend line today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no Gold decline last week because market participants were disappointed by the Federal Open Market Committee members’ comments. We think Gold is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line or from the trendline. Place stop losses below those indicators. SILVER (XAGUSD) Silver was in a tight range yesterday and broke through the trend line. Those are the first signs of a probably tendency reverse. The volatility is too low to take any steps and profit. We give no recommendations today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no declined last week because of the FOMC members’ comments. We think that XAG/USD is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear.
  3. Technical Outlook March 22, 2017 EURUSD The currency pair gained some additional support after yesterday’s France president candidates debates. According to the latest data, Macron won those debates (he supports the current France’s policy). There is still some upside potential for the currency pair and we think it is going to develop its growth today. The price is far from the balance line, but we think it is going to reach it in the next couple of hours or later. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was growing last week contrary to our expectations. We think that EUR/USD is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line (if the price reaches it today). Place stop losses below this indicator. GBPUSD The currency pair has some additional support after the UK CPI data, which was even better than expected. We think it is going to develop its growth after some correction. However, if there is no correction, 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 had some growth after the British Government decisions last week. We think it is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area or from the trend line. Place stop losses below those indicators. AUDUSD The currency pair started to decline yesterday according to our expectation. It is to say, that we had previously indicated on the probability of a decline as the pattern was bearish, despite the fact that there was long opportunities according to the technical analysis. The currency pair was trading in the opposite direction to the other allied currencies. It happens sometimes and we advise to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no decline last week due to the weak USD. We think that the currency pair 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 still unclear. USDCHF The currency pair developed its moderate decline yesterday due to weak USD. There is the downtrend currently and it is time to look for short trades from the MA55 balance line. There is a high potential for further downside tendency. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week because of weak USD. We think that this downside dynamics is going to develop in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above this indicator. Gold and Silver Technical Outlook March 22. 2017 GOLD (XAUUSD) Gold had some growth yesterday because of weak USD. After yesterday’s considerable growth we expect XAU/USD to have a deep correction today. When it is done, we think there will be opportunities to open long trades. Growth potential is still too high. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no decline last week as market participants were disappointed with the Federal Open Market Committee members comments on further monetary policy tightening. We think the currency pair is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area or from the trend line. Place stop losses below those indicators. SILVER (XAGUSD) Silver had some moderate growth yesterday and we think it is better to do nothing today. The volatility is low and I not enough to take any profit today. However, we think that the upside dynamics is going to continue today. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no decline last week as the market participants were disappointed with the Federal Open Market Committee members’ comments on further monetary policy tightening. We think Silver is going to develop its upside tendency 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 and the volatility is too low to take any decision.
  4. Technical Outlook March 21, 2017 EURUSD There was an opportunity to buy the currency pair according to our recommendations but this position was closed by stop loss. There is no clear tendency at the moment and we advise to do nothing today. There will be no Eurozone data during the day and the correction is likely to take place. However, the currency pair established new highs and there is a probability of further upside tendency. This is the reason why we advise to do nothing. It is to mention also that FOMC member Evans gave his comments yesterday hinting on the probability of four Interest Rates hike in 2017. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was growing last week contrary to our expectations. We think that EUR/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 above the MA55 balance line. We advise to avoid trading today, as the situation is still unclear. GBPUSD The currency pair was close to the MA55 balance line during the European session and there was an opportunity to open long trades from there. The price then reversed upwards and went for 250 pips offering an opportunity to protect trades placing stop losses at breakeven level. Anyway, there is currently no clear tendency and we advise to avoid trading and watch for opportunities. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth after British government decisions last week. We think it 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 above the MA55 balance line. We advise to avoid trading today as the situation is unclear. AUDUSD The currency pair offered no opportunity to open long trades according to recommendations as the price failed to reach the MA55 balance line. AUD/USD is close to the balance line today but the current pattern does not indicates on the probability of further growth. We advise to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no price decline last week as USD was weak. We think the currency pair is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. USDCHF The currency pair offered an opportunity to open short trades according to our recommendations. Those positions were closed by stop loss. There is no tendency currently and it is better to avoid trading today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency air declined last week due to the USD’s weakness. We think it 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 below the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook March 21, 2017 GOLD (XAUUSD) Gold approached the MA55 balance line yesterday and there was an opportunity to buy according to our recommendations. The price was in a profit zone allowing to protect the trades. There is no tendency currently and it is better to avoid trading at the moment. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no price decline last week as the market players were disappointed by the Federal Open Market Committee members’ comments. We think the currency pair 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 close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver reached the MA55 balance line yesterday and there was an opportunity to open long trades according to our recommendations. However, there was almost no further growth and it was better to close positions with small profit. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no further decline last week as market participants were disappointed by the Federal Open Market Committee members’ comments. We think that there is a probability of some 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 still unclear.
  5. Technical Outlook March 20, 2017 EURUSD The currency pair did the expected correction, but it was not as deep as we had previously thought. The currency pair reached the MA55 balance line and bounced off it. We think it shows the currency pairs intention to develop its upside tendency in the nearest future. You can try to open long trades during the European session today if there is any opportunity to do it. There are many Federal Open Market Committee members’ comments this week (including today’s Evans speech), which may have considerable impact on fluctuations and we advise to stay on guards. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some considerable growth last week and we think it is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator’s curve. GBPUSD There was no currency pair’s correction, GBP/USD continued its growth on Friday, and it is still doing it today. We advise to look for long trades. There is a high potential for further growth. However, the currency pair is far from the balance line and it is better to wait until it gets closer to the MA55. It is to mention also that there are many Federal Open Market Committee members’ comments this week that may influence fluctuations. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair has got some additional support last week after the Bank of England’s Meeting and Interest Rates voting. We think that the currency pair is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trade from the MA55. Place stop losses below this indicator’s curve. AUDUSD The currency pair failed to reach the MA55 balance line on Friday and there was no opportunity to open long trades according to our recommendations. However, we think that this opportunity is likely to appear today. The currency pair has a high potential for further growth. Do not forget about the FOMC members’ comments that will be numerous this week. They may have significant impact on fluctuations. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no currency pair decline last week as USD was weak. We think that the currency pair is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line area. Place stop losses below this indicator’s curve. USDCHF The currency pair was in a consolidation on Friday and it reached the MA55 balance line and the USD/CHF bounced off. This fact indicates on the probability of further decline. We think that USD/CHF is going to develop its downside tendency if fundamental factors support those moods. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week due to weak USD. We think that USD/CHF is going to develop this downside dynamics in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short trades from the MA55 balance line. Place stop losses above the indicator. Gold and Silver Technical Outlook March 20, 2017 GOLD (XAUUSD) Gold was in a correction last Friday but failed to decline and was trading within a tight range. We think XAU/USD is likely to develop its upside tendency today and we advise to open long trades if the price allows to do it. There is a high potential for further growth. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no decline last week as market players were disappointed by the Federal Open Market Committee comments. We think the currency pair is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below this curve. SILVER (XAGUSD) Silver was trading with some growth despite the fact that we had expected a correction. The price failed to establish new weekly highs. We think it is going to happen today. We advise to open long trades from the MA55 balance line. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was no expected decline last week as market participants were disappointed by the Federal Open Market Committee members’ comments. We think Silver is going to develop its upside tendency in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below this curve.
  6. Technical Outlook March 17, 2017 EURUSD The currency pair was trading in a tight range yesterday and developed its frowth during the American session only. There was an opportunity to open long trades from the MA13, but those positions were unsuccessful and there is a probability that they have been closed by stop losses as it is too risky to buy or sell from the MA13 curve and we always underline this in our reviews. We think that the currency pair is going to start a deep correction today 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 had some growth last week. We think that it is going to be trading within the last week’s range or even higher 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 There was no opportunity to open trades from 1,22250 as the price failed to reach this level yesterday. There was a surprise during the Bank of England’s Meeting as one of the Monetary Policy Committee members voted for Interest Rates hike. It is to mention that all members had voted for current monetary policy last time. This is the first signal or even alert to the probability of Interest Rates hike in the nearest future. The currency pair fluctuations resulted in growth. However we think that it is time for GBP/USD to have a considerable correction today and it is better to do nothing on Friday. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and we think it is going 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 moves closer to the MA55 balance line, but it failed to reach it yesterday. The price is still declining moderately but it still not close to the balance line to offer some trading opportunities. You may try to buy from the MA5 balance line with close targets. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was price consolidation below the range and the currency pair develop its downside tendency last week. We think it is going to decline moderately in the next couple of days. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below this indicator. USDCHF The currency pair continued its decline yesterday. The Bank of Switzerland conducted its Meeting yesterday and left its monetary policy unchanged. However, the currency pair went on a correction in the morning and we think it is going to develop it during Friday. There was no opportunities to open short trades according to our recommendations yesterday as the currency pair failed to reach the MA55 balance line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued to be trading without any clear direction last week. We think that this dynamics is going to develop this week. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. Gold and Silver Technical Outlook March 17, 2017 GOLD (XAUUSD) Gold continued to grow moderately yesterday and allowed to open long trades from the MA13 according to our recommendations. There was an opportunity to take about 10 USD as profit and it was easy to fix positions there. There is a probability, that Gold is going to launch a downside correction today and we advise to do nothing in order to avoid counter trend trading. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price declined according to our expectations last week. We think it is going 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 avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver offered an opportunity to open long trades according to our recommendations from the MA13. You had a chance to fix those trades with about 15 pips of profit. We think that Silver is going to develop its correction today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD accelerated its decline towards the end of the last week. We think Silver 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 still unclear.
  7. Technical Outlook March 16, 2017 EURUSD The currency pair grew sharply after the release of the results of the Federal Open Market Committee Meeting, which were issued yesterday during the American session. It seems that market participants waited for more hawkish comments on behalf of the Federal Reserve System members, but FOMC comments were moderate. Market participants had no doubts that this regulatory body is going to announce more than three Interest Rates hikes in 2017, but there was no even a single hint on it and market participants were disappointed seeing as how the market situation is developing. Another positive moment for the currency pair is that the current governing Netherlands party won the elections. We advise to try long trades today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was some currency pair growth last week. We think that EUR/USD is going to be trading within the last week’s range or a little higher. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA13 or the MA55 balance line. Place stop losses below those indicators. GBPUSD The currency pair had some significant growth after the release of the results of the Federal Open Market Committee Meeting. USD is likely to develop its downside tendency and we think it is time to look for long trades. However, it is to mention that today there is the Bank of England’s Meeting and it is better to wait for the results of the event before taking any further steps. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We think it is going 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 1,2225 level. Place stop at 200-300 pips distance from the strike price. AUDUSD The currency pair had some significant growth after the release of the results of the Federal Open Market Committee Meeting. AUD/USD is likely to develop its upside tendency, but we advise to wait until a correction to open long trades. It is better to buy from the MA55 balance line. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a consolidation below the range and the currency pair continued to develop its downside tendency last week. We think that AUD/USd is going to continue 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. USDCHF The currency pair declined sharply after the release of the results of the Federal Open market Committee meeting. Fundamental environment was opposite to the technical image yesterday. However, it is time to look for short trades as USD has chosen its direction. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued to be trading in both directions last week. We think that this dynamics is likely to continue in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to open short trades from 1,00250. Place stop losses at 1,00350. Gold and Silver Technical Outlook March 16, 2017 GOLD (XAUUSD) Gold grew yesterday after the release of the results of the Federal Open Market Committee Meeting. Market participants expected more hawkish comments from the Federal Reserve members. Investors were sure that FOMC members were going to give hints on more than three time Interest Rates hike in 2017. There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined according to our expectations last week We think that XAU/USD is going to develop its decline in the second half 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 open long trades from the MA13. Place stop losses below this curve. SILVER (XAGUSD) Silver has a sharp growth following Gold and there is still no downside correction. We see no opportunities to open trades, as it is risky in the current situation. However, if the price goes back to the MA13, you can buy XAG/USD there. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was some decline last week. We think that Silver is going 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 MA13 at least. Place stop losses below the indicator.
  8. Technical Outlook March 15, 2017 EURUSD The currency pair changes its direction after yesterday’s negative dynamics. There was an opportunity to open trade according to our recommendations and this position was closed by stop loss. Eurozone data was mixed and gave no support to EUR. There is a large volume of US data today including Retail Sales, Consumer Price index etc. The main event for today is the Federal Open Market Committee Meeting, which is to take place during the American session. We expect the volatility to grow after the release of the results of the FOMC Meeting. It is better to do nothing today and open positions tomorrow when the price includes the results of today’s Meeting. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had some growth last week according to our expectations. We think that EUR/USD is going to be trading within last week’s range or even higher. 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 no decisions today as the situation is unclear. GBPUSD The currency pair moved downwards yesterday and offered an opportunity to open trades according to our recommendations. This decline was market’s reaction to the Parliamentary decision to start Brexit process. There is another news to push British Pound down – Scottish Parliament is ready to launch a procedure to initiate its own referendum on independence of Scotland. We think that it is a bad idea to open trades today and it is better to wait until the results of the Federal Open Market Committee Meeting which is to take place today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week. We think it 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 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 trades from the MA55 balance line according to our recommendations and you could fix this positions with 250 pips of profit. It is better to do nothing today as there is an important event during the American session – The Federal Open Market Committee Meeting. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a consolidation below the broken through range and the currency pair developed its decline last week. We think that AUD/USD is going to continue its moderate decrease 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 still unclear. USDCHF There was an opportunity to take some profit yesterday but we gave no recommendations. It is better to wait until the release of today’s Federal Open Market Committee Market and take any decisions following this event. The trend line was broken through upwards and we think it is a sign of further upside tendency. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued its fluctuations in both directions last week. We think that USD/CHF is going to develop this dynamics in the next couple of days. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and Silver Technical Outlook March 15, 2017 GOLD (XAUUSD) Gold continues to be trading with no clear direction and there is no sense to open trades at the moment. We think that it is better to wait until the release of the results of the Federal Open Market Committee Meeting, which are to be issued today during the American Session. Investors are looking forward to know more on Federal Reserve plans and projections. There is no trend on the Weekly chart as the price is close to the MA55 balance line. There was a decline according to our expectations last week. We think that Gold is going to resume its downside tendency in the second half of the week. 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 still unclear. SILVER (XAGUSD) Silver continues its neutral dynamics which is likely to be broken today after the Federal Open Market Committee Meeting. It is better to do nothing before the release of the results of this event. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD declined last week. We think it is going 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 still unclear.
  9. Technical Outlook March 14, 2017 EURUSD The currency pair returned to the Ma5 balance line and there is an opportunity to open long trades today. As for the targets, they shouldn’t long as there is the Federal Open Market Committee Meeting on Wednesday and before this event, the volatility is likely to be small. 95% of investors and market players think that the FOMC is going to hike Interest Rates during the Meeting. However, market participants would also like to know what the FOMC projections for further monetary policy tightening are. It is also important to pay attention to today’s ZEW Eurozone industrial index which may have some impact on the currency pair fluctuations. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a currency pair growth last week according to our expectations. WE think that the currency pair is going to be trading within the last week’s range or even higher. There is the uptrend on the Hourly chart as the mA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. GBPUSD The currency pair went upwards yesterday but this upside tendency is likely to be short in time as this is nothing more than just a correction and we are on the eve of the Federal Open Market Committee Meeting which is to take place today and tomorrow. This event is able to push USD higher and the currency pair may decline. However, you can try long trades with short goals. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and we think it is going to develop its downside tendency in the nearest future. There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator. AUDUSD The currency pair is trading within an upside correction and this dynamics is likely to develop until the results of the Federal Open Market Committee Meeting, which are to be released tomorrow during the American session. You may try long trades from the MA55 balance line or from the trend line. It is better to choose short goals as we expect this upside tendency to be limited. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a consolidation below the broken through range last week and then the currency pair developed its downside tendency. We think that AUD/USD is going to decline moderately 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 or from the trend line. Place stop losses below those indicators. USDCHF The currency pair developed its downside tendency yesterday, but it was not stable as USD/CHF is in correction at the moment. It is not comfortable to trade in this situation as the price is not close to the balance line and we give no recommendations. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week and we think this dynamics is likely to continue 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 still unclear. Gold and Silver Technical Outlook March 14, 2017 GOLD (XAUUSD) There is a correction on the precious metals market and Gold declined towards the yesterday’s lower positions. We think this correction is likely to continue until the results of the Federal Open Market Committee Meeting, which are to be released tomorrow during the American Session. We advise to avoid trading today as there is no tendency and the current trend is neutral. There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined according to our expectations last week. WE think it is going to develop its downside tendency in the second half of the week. 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 still unclear. SILVER (XAGUSD) Silver has started a correction after a significant decline last week. There is no tendency currently and the price is moving with no clear direction. It is better to do nothing in those conditions as stop losses should be large and the goals should be small. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The last week’s decline accelerated by the end of the week. We think that the currency pair is going to develop its decline in the nearest future. 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 still unclear.
  10. Technical Outlook March 13, 2017 EURUSD The currency pair went upwards after the US Labor Market data. This statistics was better than expected or equal to forecasts except Average Hourly Earnings, which remained unchanged. This result is worse than expected as Bloomberg analysts expected it to have some growth. Average Hourly Earning data established an obstacle for USD to further growth. European Central Bank representatives’ comments on the probability of interest rates hike before the end of their bond buying programme gave some additional support to the currency pair. We give no recommendations today as the price is close to the upper side of the MA-channel. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was an expected growth of the currency pair last week. We think that EUR/USD is going to be trading within the last week’s range with a light growth. 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 still unclear. GBPUSD The currency pair failed to resume its downside tendency as Friday’s Us Average Hourly Earnings data was worse than expected. There is no trend currently and the currency pair is able to establish an upside tendency in the nearest future. However, as for the Weekly chart, we can see here that the decline is likely to develop. We think that the currency pair is going to breakthrough upwards or it is able to develop its downside tendency. 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 it 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 still unclear. AUDUSD The currency pair had some growth on Friday after weaker than expected US Average Hourly Earnings data. All other data was favorable for USD to continue its growth. However, wage growth is still an issue for the Federal Open Market Committee. This data provoked some currency pair growth. We think that this week market participants are going to balance their positions. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was a consolidation below the range last week and the currency pair developed its downside tendency as well. We think that it is going to continue 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 do nothing today as the situation is still unclear. USDCHF The currency pair developed its downside tendency after worse than expected US Average Hourly Earnings data. USD/CHF is following EUR/USD, but this will not last for long time as the Federal Open Market Committee meeting, which is to take place this week, may change the situation completely. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week. We think that the currency pair is going to develop this dynamics in the next couple of days. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is still unclear. Gold and Silver Technical Outlook March 13, 2017 GOLD (XAUUSD) Gold went on correction after weaker than expected Friday’s US Average Hourly Earnings data. There was signs of a correction and it happened. It is likely to continue for a couple of days. We think that this correction is going to develop until the Federal Open Market Committee meeting, which is to take place on Tuesday and Wednesday. 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 it is going to develop its downside tendency in the second part of the week. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver is going to correct after its significant decline last week. We think that this dynamics is going to develop until the Federal Open Market Committee meeting. Silver is going to grow or to decline depending on the results of this event in the second half of the week. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was the decline acceleration last week. We think XAG/USD is going to develop it 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 still unclear.
  11. Summer time Dear Client, Daylight Savings Time (DST) will start as of Sunday, March 12, March 26, and April 2, for US, Europe and Australia, respectively. There are no changes to FX, Metals and Oil as these are fixed in ET time. However, when looking in GMT terms, please note that all usual times will shift one hour backwards, due to DST in US. Kind regards, Adamant Finance
  12. Technical Outlook March 10, 2017 EURUSD The currency pair went on correction yesterday on the eve of today’s important US Labor Market data. This event is the main for today and we advise to pay particular attention to the US Average Hourly Earnings as this data may have significant impact on fluctuations. If this statistics is equal or better than expected, USD may have some additional support as the Interest Rates hike odds will be higher. We advise to trade only when this data is released. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a downside tendency last week according to our expectations. We think the currency pair is going to grow due to Friday’s upside momentum. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading before the release of the US Labor Market data. GBPUSD The currency pair is trading flat but the trend still looks downwards. This indicates on the probability for the currency pair to decline after the US Labor Market data, which is to be released today. However, you should pay attention to the results of this data. If it is equal or better than expected, USD may get additional support today. As for yesterday’s recommendations, there was an opportunity to open short trades and the price was in the profit area for 450 pips. It was enough to take profit or to protect your trades. It is better to trade after the release of the US Labor Market data today. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair left its range last week according to our expectations. We think it is going to grow 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 avoid trading before the US Labor Market data today. AUDUSD The currency pair was in correction yesterday and approached the MA55 balance line. There is still the downtrend and we think AUD/USD is likely to develop its decline after the US Labor Market data (in case if this statistics is equal or better than expected). It is better to open positions only after the release of the US Labor Market data today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair left its range downwards last week. We think there is a probability of a consolidation below this range 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 trades only after the release of the US Labor Market data today. USDCHF The currency pair is in correction at the moment on the eve of today US Labor Market data. We advise to pay particular attention to the Average Hourly Earnings. It is better to do nothing before the release of this data. There is the uptrend on the Weekly chart a the price is above the MA55 balance line. There was no clear tendency last week. We think the currency pair is going to decline moderately in the nearest future. 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 before the release of the US Labor Market data. Gold and Silver Technical Outlook March 10, 2017 GOLD (XAUUSD) Gold continued to decline and this downside tendency is rather aggressive. We think the price is able to reach 1140,0 level soon. However, there are no tendencies without corrections and we think XAU/USD is going to start its upside correction today or next week. It is better to avoid trading today before the release of the US Labor Market data. There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open positions only after the release of the US Labor Market data. SILVER (XAGUSD) Silver developed its downside tendency yesterday. The price failed to reach the Ma55 balance line and we give no recommendations. We think that this decline is going to stop today in case if the US labor Market data is weaker than expected. However, it is better to trade after the release of the US data. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price remained on the same place for a couple of days and reversed downwards. We think that Silver is going to 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 do nothing before the release of the US Labor Market data today.
  13. Technical Outlook March 9, 2017 EURUSD The currency pair developed its downside correction yesterday but there was no tendency acceleration. US ADP Labor Market data was better than expected and USD continued to grow. We advise to pay attention to today’s European Central Bank meeting. Market participants do not expect any changes in monetary policy, but European Central Bank sometimes surprises markets. As for the currency pair dynamics, we think EUR/USD is going to continue its decline in the nearest future. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was downside dynamics last week according to our expectations. We think that the currency pair is going to grow in the nearest future after Friday’s upside momentum. 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 still unclear. GBPUSD The currency pair developed its downside tendency yesterday but failed to reach the Ma55 balance line. There was no opportunity to open short trades according to our recommendations. We think the currency pair is going to continue its decline today due to yesterday’s US ADP Labor Market data, which was better than expected. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair left the range downwards last week. We think it is going to be trading upwards 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 confirmed our thoughts as 0,75800 level was the key one. The price crossed it and started to decline moderately. There is the downtrend at the moment but the price is far from the balance line. We give no recommendation in this situation. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair left its range last week. We think that there is a probability of a consolidation below the range 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 avoid trading today as the situation is still unclear. USDCHF The currency pair established an upside tendency but this uptrend is moderate. We think that market participants are cautious on the eve of tomorrow’s US Labor Market data. The quantity of new jobs is not as important as the average wage. This may be the reason why USD growth is still moderate. We think that this dynamics is likely to develop today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week. We think that the currency pair is going to decline moderately 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 still unclear. Gold and Silver Technical Outlook March 9, 2017 GOLD (XAUUSD) Gold developed its downside tendency but failed to reach the MA55 balance line yesterday. There was an opportunity to sell at high risks from the MA13, but we gave no recommendations. We think that this dynamics is likely to continue today as the market participants are looking forward to see the US Labor Market data, especially average wage index. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The priced bounced off the MA55 balance line last week according to our expectations. We think it is going to develop its downside tendency 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 avoid trading today as the situation is still unclear. SILVER (XAGUSD) Silver continued its downside tendency and even accelerated its decline yesterday. The price failed to return towards the broken through trendline on the Hourly chart offering no opportunities to sell. We think that today there is a high probability of a correction to the latest decline and we give no recommendations. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price was on the same positions for a couple of days and then reversed downwards as we had expected last week. We think Silver is going 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 as the situation is still unclear.
  14. Technical Outlook March 8, 2017 EURUSD The currency pair developed its downside correction, which transforms step-by-step in a downside tendency as the MA-channel changes its direction. This may result in an acceleration of a decline and the correction will finely provoke a downtrend. Short trades according to our recommendations closed by stop losses. We think that today the currency pair is going to accelerate its decline. USD probably starts to include Friday’s US Labor Market data in price. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was a downside tendency last week according to our expectations. We think that the currency pair is going to grow after Friday’s upside momentum. 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 as the situation is still unclear. GBPUSD The currency pair declined towards new lows and there is no more corrections as GBP/USD has chosen a downside tendency. The MA-Channel declines as well. It is better to look for short trades in this situation. Today there is a US ADP data which is likely to influence fluctuations. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair left its range downwards last week according to our expectations. We think that GBP/USD is going to be trading upside 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 unable to grow higher than yesterday’s highs and we think it is going to reverse and end its upside correction. We advise to pay attention to 0,7580 level. If the currency pair breaks through this level, it is going to change completely its direction. There is no trend still and 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 left its range last week according to our expectations. We think AUD/USD is going to consolidate below this range in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is still unclear. USDCHF The currency pair offered an opportunity to open short trades according to our recommendations from the MA55 balance line. Those positions were closed by stop losses. As we had previously mentioned, those trades were too risky. There is still no tendency and we advise to do nothing today. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. There was no clear tendency last week. We think that the currency pair is going to decline moderately in the nearest future. 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 still unclear. Gold and Silver Technical Outlook March 8, 2017 GOLD (XAUUSD) Gold was trading in a downside tendency yesterday and we think it is time to look for short trades. Today’s US Labor Market data is going to influence XAU/USD’s decline. The price is far from the MA55 balance line and there is no safe opportunity to open any trades at the moment. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price bounced off the MA55 balance line last week according to our expectations. We think the currency pair is going 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 avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver established new lows and we think it is going to develop its downside tendency in the nearest future. The price is likely to return towards the broken through trendline on the Hourly chart and then to resume its downside tendency. We can take an opportunity. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price stood on the same positions for a couple of days and reversed downwards finally. We think that XAG/USD is going to develop its downside tendency 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 broken through trend line. Place stop losses above this line.
  15. Technical Outlook March 7, 2017 EURUSD The currency pair was close to the MA55 balance line according to our expectations yesterday. We think that the currency pair is going to develop its upside tendency. It is important to pay attention to the Eurozone Advanced GDP. However, experts think that this data is going to remain unchanged. USD has partially included the probability of Interest Rates hike in March. However, we think that Friday’s US Labor Market data is able to change the situation. There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in a downside tendency last week according to our expectations. We think that EUR/U is going to develop its upside correction after Friday’s momentum. 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 declined yesterday indicating on the fact that the upside correction is hard to develop. There is no clear tendency at the moment and we give no recommendations. There is a probability that the currency pair is going to decline and there will be no upside correction at all. Anyway, it is better to do nothing today, 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 left the range downwards last week. We think that it is going to grow moderately in the nearest future. 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 still unclear. AUDUSD The currency pair had a growth above the MA55 balance line and canceled the probability of further downside tendency. There is a correction currently and it may last until 0,7650. Today’s currency pair growth was due to the Reserve Bank of Australia meeting. However, we think that this growth if going to be brief. There is no trend and it is better to avoid trading at the moment. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair left the range downwards last week. We think that the currency pair is going to consolidate below the range in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today, as the situation is still unclear. USDCHF The currency pair is still trading within a range. Market participants are waiting for opportunities to start any tendency. We expect the currency pair to decline in the nearest future as there is a pattern indicating on such a probability. You can try to open short trades from 1,01150 but there are high risks. If you decide to risks, you may have a high rewards targeting 1,00000. There is the uptrend on the weekly chart as the price is above the MA55 balance line. There was no clear direction last week. We think that the currency pair is going to decline moderately in the nearest future. There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. There is an opportunity to open risky short trades from 1,01150. Place stop losses at 1,01350. Gold and Silver Technical Outlook March 7, 2017 GOLD (XAUUSD) Gold went upwards towards the balance line and there was an opportunity to open short trades from there. If you opened trades according to our recommendations, you could earn about 8 USD. It is better to avoid trading today as the situation is unclear. We think that there is a probability of an upside correction. There is no trend on the Weekly chart as the price is close to the MA55 balance line. The price bounced off the MA55 balance line last week. We think it is going 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 avoid trading today as the situation is unclear. SILVER (XAGUSD) Silver almost reached Friday’s lows and stopped there. We think that XAG/USD is preparing for an upside correction. Anyway, it is better to do nothing in this situation. The MA-channel slows down in addition. There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price was at the same levels for a couple of days and then reversed downwards. We think that Silver is going 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 still unclear.