Forex trading! S: support.adamantfinance M: info@adamantfinace.com Registration
Analytics Technical analysis

Technical Outlook January 26, 2017

26 January 2017

EURUSD

26_01_2017_eur.jpg

The currency pair has got no support for further growth as German IFO Business Climate data was worse than expected. There was an opportunity to open long trades from the trend line but those positions closed with short stop loss. There is an important data today, that may influence fluctuations. However, we have no clear trend at the moment and it is better to wait until the currency pair resumes its upside tendency.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair continued its upside correction last week in a very wide range. We think it is going to continue its upside tendency in the nearest future.

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

GBPUSD

26_01_2017_gbp.jpg

The currency pair offered an opportunity to open long trades according to our recommendations from the MA55 balance line. GBP/USD still goes upwards and the profit is about 1600 pips. There was a possibility to take profit or to protect your trades. We think that the currency pair is going to grow until the European session when preliminary UK GDP data is going to be released. This statistics is able to provoke a correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside correction last week and we think it is going to continue its growth in the nearest future.

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.

AUDUSD

26_01_2017_aud.jpg

The currency pair is still in a neutral position and it is better to do nothing at the moment. There is a holiday in Australia today and the currency pair dynamics is very weak. AUD/USD is trading below the broken through trendline and we think it is going to continue its decline in the nearest future. Anyway it is better to wait until the volumes are back.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair paused its upside correction last week and we think it is going to resume its upside tendency 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.

USDCHF

26_01_2017_chf.jpg

The currency pair is in a neutral position at the moment and the market situation is unstable. There was no opportunity to open short trades from the trend line as the price was far from this indicator. WE advise to avoid trading today as the currency pair is trading without any clear bias.

There is the uptrend on the Weekly chart as the price is above the Ma55 balance line. The currency pair declined last week and we think it is going to continue its downside tendency 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 and it is risky to open positions at the moment.


Back to analytics