Trading tactics for 29.09 - 03.10

EUR/USD (H4)

The price chart for EUR/USD shows a new fall tendency. The pair attempts to breach the strong support level at 1.27093. Whereby there’s a possibility to realize trading tactics mostly focused on Put Options. Since some negative statistics for the Eurozone are expected, EUR/USD is considered to further strengthen in its downtrend.

The forecast for binary options currency market looks as follows: if EUR/USD breaches the level lower than 1.27093, there will be a sure target for decline down to 1.2440. If the asset goes opposite at its support level at 1.27093, there will be a trading signal to gradually reach 1.28604.

We recommend: TO SELL lower than 1.27093.

 

GBP/USD (H4)

The four-hour price chart for GBP/USD shows reluctance to move in direction of the upper trend. Looks like, the news around the referendum in Scotland has been played among traders. Currently there is an interest to further sell the British pound, based on negative macroeconomic news. It’s known that the PMI of the industrial sector is about to fall, that leads to the basis for concern among traders. Therefore most traders are orientated on trading tactics to sell Put Options.

If there’s an attempt to consolidate lower, than the price support level at 1.62835, there will be a signal to reach 1.60710. If the price chart goes in direction of the earlier upper trend, Call Options up to 1.63978 are expected.

We recommend: TO SELL higher than 1.62835.

 

USD/JPY (H4)

The four-hour price chart for USD/JPY is obviously overbought. The strong resistance still remains near the 109 level. The consumer interest to buy the American dollar is dissipated for a while. Fundamentally the credibility of the Japanese yen has decreased significantly among traders. The Labor market data was also in the spotlight. Unemployment in Japan has begun to rise, the last months’ figures already gave a signal for investors.

The currency forecast for USD/JPY shows as follows – in case of buying the asset we recommend to trade Call Options higher than 109.16. In case of selling, trading with Put Options is possible at 108.37 and 107.01.

We recommend: TO AWAIT or TO BUY higher than 109.16.

 

AUD/USD (H4)

The price chart for AUD/USD has breached the support level at 0.88990. There’s a good tendency for a further decrease in value down to the 0.86846 level. The new price target can lead to a new appetite for risk among traders. Therefore the trading tactics are mostly focused on Put Options.

In case of buying the asset, we recommend to buy Call Options up to the first resistance level at 0.88990. In case of intense selling and a further decrease in value of the Australian dollar, we recommend to trade Put Options down to 0.86846.

We recommend: TO SELL down to 0.86846.

 

GOLD (H4)

The four-hour price chart for GOLD tends to fall. There’s a possibility, that Gold can go out of the range of 1242.41 – 1214.30. It’s important to remember that investors have focused way back to go out of this safe asset, that’s why trading tactics to sell Put Options are still actual with such expectations.

In case of buying the advantageous decision is to trade Call Options up to 1242.41. In case of selling the asset, we recommend to trade Put Options down to 1187.21.

We recommend: TO SELL lower than 1214.30.

 

SP500 (H4)

The four-hour price chart for SP500 trades with different dynamics. After the slight buying, the index has reversed to the support level at 1969.6. The rise of activity on the background of declined financial quotes in high-tech market share is noticed. That’s why if the asset breaches the support level at 1969.6, there will be a strong signal to trade Put Options.

We recommend: TO SELL higher than 1969.6.

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.