Trading tactics for 13.10 - 17.10

EUR/USD (H4)

The price chart for EUR/USD, after its unsuccessful attempt to strengthen higher than the strong resistance level, has come back to its previous trading range. If the euro accelerates the decline, a new perspective level up to the nearest support level at 1.25975 will be opened. Besides that, on this week an important block of macroeconomic statistics for the USA will be released, where the focus will be on such data as retails sales and industrial production rate. An active speculative trading among traders is expected on such news.

The forecast for binary options market looks as follows: there’s a signal for further trading with Put Option down to 1.25975. In case of opposite trend, there will be a signal to gradually reach 1.28604.

We recommend: TO SELL down to 1.25975.

 

GBP/USD (H4)

The four-hour price chart for GBP/USD repeated a trading dynamics of EUR/USD. A new perspective for decreasing down to 1.60710 has opened. An intense breach of the price support level will give a signal to the next level at 1.59547. The current week will be interesting for traders because of publishing the data for Labor market in the UK. In case of opposite trend in direction of Call Options, a movement up to 1.62834 can be expected.

We recommend: TO SELL down to 1.60710.

 

USD/JPY (H4)

The four-hour price chart for USD/JPY shows a reversal up to the price support level at 107.01. Besides that, an important signal for entering a new trading range between 108.37 – 107.01 has appeared. A release of macroeconomic news in Japan will be published on Monday and will be interesting for traders. Therefore a high trading activity is considered.

The forecast for binary options currency market for USD/JPY shows, that in case of buying, trading with Call Options up to 108.37 is recommended. In case of selling the asset, we recommend to trade Put Options down to 107.01.

We recommend: TO SELL down to 107.01.

 

AUD/USD (H4)

The price chart for AUD/USD, after reaching the resistance level at 0.88990, has formed a new trading range between 0.88990 - 0.86846. Most likely the Australian dollar will start to consolidate in the formed trading ranges. There will be no important financial news during this week, which can strongly affect the market.

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

We recommend: TO AWAIT.

 

GOLD (H4)

The four-hour price chart for GOLD followed the general trend of decline in the eve of the weekend. The price chart has stopped lower than the resistance level at 1227.55, which is a “bear signal”, that means a focus on selling of the asset. Besides that, the current week will bring a lot of macroeconomic statistics, that’s why the rise of speculative activity is inevitable.

Intense buying of Сall Options will open a new target to trade up to 1227.55. In any other cases, we recommend to trade Put Options down to 1217.57 and 1205.41.

We recommend: TO SELL lower than 1227.55.

 

SP500 (H4)

The four-hour price chart for SP500 is located in a downtrend. The price chart has reached its August levels, which is a strong signal for further selling. It’s also important to notice, that the index has breached the level at 1939, and a new target for a further decline has opened this way.

The forecast for binary options looks as follows: trading with Put Options is recommended down to 1925.3. In case of reversal, there will be a trading signal to gradually reach 1953.7.

We recommend: TO SELL down to 1925.3.

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.