Trading tactics for 01.09 - 05.09

EUR/USD (H4)

The price chart for EUR/USD has strengthened lower than 1.32045. A historically marked trading range between 1.32045 - 1.31166 shows currently some uncertain dynamics. Traders are likely to wait for the financial news to be published. Besides that, the report on the interest rates will be released and the ECB press conference will be held during this week. The release is expected on Thursday and can cause an intrigue between traders and lead to speculative interest in buying and selling binary options. It’s important to mention that there’s a strong price support level at 1.31166, thus technically some signals are focused mostly on selling the asset.

Market analysis shows that if EUR/USD will strengthen lower than 1.32045, a downtrend to 1.31166 can be opened and trading with Put Options is recommended. If the price chart moves opposite the trend, we can expect 1.32910 EUR/USD.

We recommend: TO AWAIT.

 

GBP/USD (H4)

The four-hour price chart for GBP/USD shows similar trading dynamics as for EUR/USD. The price chart is located in a trading range between 1.66018-1.64723. It’s uncertain and traders are likely to await. Financial news will be a tool for some further actions. On Thursday a statement of the Bank of England in regards to the interest rates will be released. Therefore the situation is considered to stay calm before the event has begun.

In case of buying the asset, 1.67057 is expected, which is a quite strong resistance at the moment. In case of further decrease in value in direction of the downtrend, the 1.64723 level and lower is expected.

We recommend: TO AWAIT.

 

USD/JPY (H4)

The four-hour price chart for USD/JPY on a background of economic decline in Japan, has reached all summer highs. The tendency is uncertain at the moment and a new trading range between 103.95 – 103.39 is entered. Besides that, the trading tactics with this pair can lead traders to reach a strong support level at 103.39. In case of buying the asset, the August high at 104.26 can be reached, as the financial news in Japan do not bring any confidence to most investors and traders.

In case of buying the asset, trading with Call Options up to 104.26 is recommended. In case of selling the pair, trading with Put Options is recommended at 103.39 and down to 103.08.

We recommend: TO SELL higher than 103.39.

 

AUD/USD (H4)

The price chart for AUD/USD has almost turned to its previous trading history. Besides that, the Australian dollar has made a tactical pause and did not overcome 0.93705. In trading tactics with the pair, an awaiting position between traders is considered. This week, besides the Retail Sales Report, a statement of the Reserve Bank of Australia will be released.

An advantageous decision in case of selling the asset is to trade Put Options up to the support level at 0.93329. In case of buying the pair and rising of the price chart, we recommend to trade Call Options up to 0.94524.

We recommend: TO BUY higher than 0.93705.

 

GOLD (H4)

The four-hour price chart for GOLD turned back to its values in the beginning of August. It’s important to mention that Gold has strengthened in a trading range between 1293.56 – 1281.33. An awaiting position between traders is noticeable. A possible breach of 1281.33 gives a signal to reach 1252.08 USD per ounce.

In case of buying the asset, an efficient solution to implement trading tactics focused on Call Options will be 1306.97 USD per ounce. Otherwise we recommend to trade Put Options up to 1281.33.

We recommend: TO SELL higher than 1281.33.

 

SP500 (H4)

The four-hour price chart for SP500 after the active buying, currently trades in a range between 2005 and 1991.9. The breach of the price resistance level at 1991 has become a reason for a strong technical signal. The current price chart’s position indicates a strong signal for a further buying.

In case of an active buying between traders, Call Options are recommended at the level of 2005 and higher. In case of selling the asset, the price chart can decline lower than 1991.9.

We recommend: TO BUY higher than 2005.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.