Trading tactics for 06.10 - 10.10

EUR/USD (H4)

The price chart for EUR/USD has stopped in expectations of financial news. The strong price support level for EUR/USD is located at 1.25975. Besides that, after decline and consolidation during a few weeks, a new trading range has been formed. In case of getting out of the boundary levels, there will be a strong signal for opening a profitable position. It’s also important to notice, that EUR/USD is located in the downtrend, where a possibility to realize trading tactics focused mostly on Put Options can appear.

Among the most important news on the upcoming week, we recommend to pay attention to the FOMC protocol publication. There’s a possibility that EUR/USD can demonstrate another stage of its decline.

The forecast for binary options currency market looks as follows: a breach of EUR/USD lower than the support level at 1.25975 will give a signal for trading with Put Options. In case of breaching of the resistance level at 1.27093, there will be a trading signal to gradually reach 1.28604.

We recommend: TO SELL lower than 1.25975.

 

GBP/USD (H4)

The four-hour price chart for GBP/USD has formed a stable path to decrease down to the important level at 1.60710. The important event on this week is the publication of the rates of the Bank of England (BOE). On such expectation there is a possibility that traders will orientate on tactics which mostly focus on trading with Put Options. Except the BOE rates, traders will also follow the UK Industrial Production data release.

On such market sentiments a new target up to 1.60710 can form. In case the price chart will turn into direction of Call Options, a price movement up to 1.62834 is expected.

We recommend: TO SELL down to 1.60710.

 

USD/JPY (H4)

The four-hour price chart for USD/JPY shows signs on standing up against the rise. Last week a new trading range between 109.16 – 108.37 was formed. It’s worth noticing that fundamentally the confidence in the Japanese yen among investors has declined significantly. One of the negative signals was the fact that the labor market in Japan was going through a bad time.

The forecast for binary options currency market for USD/JPY shows that in case of buying, trading with Call Options is expected higher than 109.16. In case of selling, trading with Put Options is recommended at 108.37 and 107.01.

We recommend: TO AWAIT or BUY higher than 109.16.

 

AUD/USD (H4)

The price chart for AUD/USD has turned back to its price levels in the end September. A possible breach of the resistance level at 0.88081 will open for traders a perspective target in direction of rise up to 0.88990. It’s important to notice, that the rates of the Reserve Bank of Australia will be published this week. Traditionally, on the background of the rate’s release, trading activity among investors will increase.

In case of buying the asset, trading with Call Options is recommended up to the first resistance level at 0.88990. In case of intense selling and a further fall of the Australian dollar, trading with Put Options is recommended down to 0.86846.

We recommend: TO AWAIT.

 

GOLD (H4)

The four-hour price chart for GOLD has taken a pause against the down trend. There’s a possibility that Gold can breach the price support level at 1205.41. With such possibility a price target up to 1187.21 can be opened.

It is important to remember that investors have tended way back to go out of this safe asset, that's why trading tactics to sell Put Options are still actual on such expectations.

Intense buying of Call Options from traders’ side will give a price target up to 1227.55. In case of intense selling of the asset, we recommend to trade Put Options down to 1205.41 and 1187.21.

We recommend: TO SELL lower than 1205.41.

 

SP500 (H4)

The four-hour price chart for SP500 has formed a stable down trend. After the attempt to reach the price support level at 1925.2, the index has turned back to the resistance level near 1953.7. The rise of activity on the background of increased financial quotes in high-tech market share is still noticeable. That’s why in case of confident breaching the resistance level at 1953.7, there will be a strong signal to mostly trade Call Options.

We recommend: TO BUY higher than 1953.7.

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.