Trading tactics for 22.09 - 26.09

EUR/USD (H4)

The price chart for EUR/USD currently has started to consolidate in a range between 1.29819 – 1.28604. The price support level at 1.28604 is still actual. Since the statistics in Eurozone are negative the pair most likely will strengthen in its down trend. On the next week there will be a few recommendations the market will focus on. These are the Business Activity index in the services sector and PMI industry in France, Germany and Eurozone. Later the Ifo Business Climate in Germany will be published.

The forecast for trading with binary options looks as follows: if EUR/USD strengthens higher than 1.28604, there will be a tendency to trade Call Options up to 1.29819. If the price chart reaches its support level at 1.28604, there will be a signal to gradually reach 1.27093. In this case trading with Put Options is recommended.

We recommend: TO SELL lower than 1.28604.

 

GBP/USD (H4)

Last week the four-hour price chart for GBP/USD has strengthened in its upper trend. The pound is likely to trade in an earlier level. The results of the referendum for Scottish Independence in favor of the UK has given hope to traders that the pound still can stabilize. It’s important to mention that there could be a speculative interest in the market to mostly trade Call Options.

If the pair attempts to breach the two-week fall, there will be a signal to reach 1.66018. In case of further decline in direction of the earlier down trend, selling can be expected down to 1.62835 and 1.60710.

We recommend: TO BUY higher than 1.64723.

 

USD/JPY (H4)

The four-hour price chart for USD/JPY tends to form new weekly peaks. Currently there is a strong resistance at 109. There’s a possibility that the desire to buy the American dollar will decrease, as the price chart looks quite overbought (overheated). Fundamentally the credibility of the Japanese yen has declined significantly among investors.

In case of buying the asset we recommend to trade Call Options higher than 109.16. We recommend to trade Put Options near the 107 and 106 levels.

We recommend: TO AWAIT.

 

AUD/USD (H4)

The price chart for AUD/USD has shown intense selling of the Australian dollar below 0.90117. There’s a huge possibility that the price chart will reach the 0.88990 level, where the consolidation is considered to happen while expecting important financial news.

Tactics to trade with binary options looks as follows – if case of buying the asset we recommend to trade Call Options up to the first resistance level at 0.90117 and higher up to 0.91300. In case of intense selling of the asset or further fall of the Australian dollar, we recommend to trade Put Options up to 0.88990.

We recommend: TO SELL up to 0.88990.

 

GOLD (H4)

The four-hour price chart for GOLD once again has shown intense selling. This time there’s a chance that Gold remains in a range between 1242.41 – 1214.30. An intrigue on the precious metals market is still kept. It’s important to remember that investors consider Gold as the «safe asset», therefore during these expectations the tactic to trade Put Options is still actual. Despite of the mood of investors the selling of asset with in speculative trading is possible, as the asset is quite oversold, but not higher than the current resistance levels.

In case of buying the asset an advantageous decision will be to trade Call Options up 1242.41. In case of selling, we recommend to trade Put Options up to 1214.30.

We recommend: TO BUY higher than 1214.30.

 

SP500 (H4)

The four-hour price chart for SP500 after the selling has renewed another high near the 2021.3 level. If it breaches the resistance level at 2021.3, there will be a strong signal to mostly trade Call Options. In case of selling the asset, the price chart can decline lower than 2008.4, and form a new stable target to decline down to 1991.9.

We recommend: TO BUY higher than 2021.3.

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.