Trading tactics for 27.10 - 31.10

EUR/USD (H4)

The down trend for EUR/USD at the four-hour period shows a prior direction. During the week there were negative dynamics with the support level at 1.25975. Besides that, the level at 1.27093 was breached, which caused even more intense selling during trading with binary options.

Trading tactics for binary options look as follows:

- the strong support level is located at 1.25975, if the level is breached, it will lead to further selling of the asset.

- in case of buying, 1.27093 is expected, because the price chart can strengthen higher than the price support level.

We recommend: TO SELL down to 1.25975.

 

GBP/USD (H4)

The four-hour price chart for GBP/USD attempts to go out of the down trend tendency. During the week there were variable dynamics with the new resistance level at 1.60710.

Trading tactics for binary options look as follows:

- in case of intense selling, a new perspective target at 1.59547 will be opened.

- in case of further buying, a new target up to 1.62834 will be formed.

We recommend: TO SELL lower than 1.60710.

 

USD/JPY (H4)

USD/JPY currently is not trading in a certain direction. The price chart has stopped near the resistance level at 107.38. It’s important to notice, that this level is a key value. A confident breach of the above mentioned level will give an effective signal to make a final trading decision.

Trading tactics for binary options look as follows:

- taking into consideration that the price chart can return to the last week’s levels, the level at 108.37 is considered to be formed.

- in case of buying, traders should orientate at 106.32.

We recommend: TO BUY higher than 107.38.

 

AUD/USD (H4)

AUD/USD trades without any certain directions neither to rise nor fall. The strong levels are located at 0.88081 and 0.88990. It’s possible that the price chart for binary options remains indefinite for a while.

Trading tactics for binary options look as follows:

- the Australian dollar will most probably reach 0.88990 during this week.

- if AUD continues to expect important financial news, it will remain indefinite.

We recommend: TO AWAIT.

 

GOLD (H4)

The four-hour price chart for GOLD shows a turning-point of the upward trend, the strong support level is located at 1227.55. It’s important to notice, that this level is currently a key point, where both intense buying and selling are possible.

Trading tactics for binary options look as follows:

- if the level at 1227.55 (support) is breached, a target to further decreasing down to 1205.41 will be opened.

- in case of buying, we can orientate at 1242.41.

We recommend: TO AWAIT or TO SELL lower than 1227.

 

SP500 (H4)

The price chart for SP500 remains indefinite after the intense buying during the week. Taking into consideration that the price chart for the index is located in the down trend, selling down to 1925 is possible.

Trading tactics for binary options look as follows:

- if the level at 1925.3 (support) is reached, a new target to further decrease down to 1894.1 will be opened.

- in case of buying, traders can orientate at 1275.01.

We recommend: TO AWAIT or TO SELL lower than 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.