Trading tactics for 06.06.2016 - 10.06.2016

EUR/USD

EUR/USD in the end of the last week has risen by 2 points, due to the USD's decline. The American unemployment data was negative, which immediately reflected on the pair’s price chart. EUR/USD has grown up to the 1.13 level and still keeps the positive trend. Traders have a great chance to earn money. The nearest resistance level is located at 1.1374 and can be easily breached. In case of decrease, we recommend to pay attention to the nearest support level at 1.1243.

As to the Eurozone, the ECB President Draghi will perform a speech, which might cause some short-term tendencies. As to the USA, we recommend to pay attention to the Crude oil inventories.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy from 1.1374 and higher.

- in case of fall, we recommend to sell down to 1.243 and lower.

We recommend: TO BUY

 

GBP/USD

GBP/USD traded in a narrow range till the US important releases. The unemployment report has also positively affected the pair. GBP/USD has risen up to the 1.45 level. In case of further growth, we recommend to pay attention to the nearest resistance level at 1.4739. In case of a trend reversal, the nearest support level will be located at 1.4385. During this week, there won’t be a lot of important statistics, therefore the pair can keep positive tendencies.

As to the UK, the Manufacturing Production report will be released. As to the USA, we recommend to pay attention to the Crude oil inventories.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.4739.

- in case of fall, we recommend to sell down to 1.4385 and lower.

We recommend: TO BUY

 

AUD/USD

AUD/USD has also shown the intense growth because of the USD's fall. The pair has increased up to the 0.7366 level, which is also the pair's important resistance level and can be easily breached. The trading ranges of AUD/USD are located in 0.72 – 0.73. The fundamental data for Australia will be published in the beginning of the week, and can lead to new trends. The nearest support level is located at 0.7232.

On Tuesday, the Interest rate decision for Australia will be announced. As to the USA, we recommend to pay attention to the Crude oil inventories.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy from 0.7366 and higher.

- in case of fall, we recommend to sell down to 0.7232 and lower.

We recommend: TO BUY

 

USD/JPY

Due to the American dollar’s decrease, USD/JPY has dropped to its minimum value at 106.50, which is also the pair's nearest support level. The barrier can be easily breached, which might lead to a new low. The pair's trading ranges are currently located in 106 – 109. In case of a trend reversal, we recommend to pay attention to the important resistance level at 109.13.

On Wednesday, the Japanese GDP data for 1st quarter will be published. As to the USA, we recommend to pay attention to the Crude oil inventories.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 109.13.

- in case of fall, we recommend to sell from 106.50 and lower.

We recommend: TO SELL

 

USD/CHF

USD/CHF has formed the clear negative trend due to the USD's decline. The pair has fallen from the 0.99 mark down to 0.97 and keeps tendencies for a further decline. Traders have a great chance to make money. The nearest support level is located at 0.9754 and can be easily breached. In case of a trend reversal, the nearest resistance level will be located at 0.9956. There might be new minimum values.

There will be only some secondary data for Switzerland. As to the USA, we recommend to pay attention to the Crude oil inventories.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell from 0.9754 and lower.

- in case of rise, we recommend to buy up to 0.9956.

We recommend: TO SELL

 

GOLD

The Gold's price chart has also formed the positive trend due to the US negative statistics. In a long-term perspective the asset for the 1st time in a few weeks started to increase in value, by rising from the 1205 level up to 1243. The nearest resistance level is located at 1259 and can be easily breached. On this week, there won't be a lot of US data, therefore there still might be positive tendencies. In case of a trend reversal, we recommend to pay attention to the important support level at 1231.92.

As to the USA, we recommend to pay attention to the Crude oil inventories.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1259.64 and higher.

- in case of fall, we recommend to sell down to 1231.92 and lower.

We recommend: TO BUY

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.