Trading tactics for 13.06.2016 - 17.06.2016

EUR/USD

EUR/USD starting from the middle of the last week began to actively decrease in value. The negative trend was caused by the US positive unemployment data and the expectations of the upcoming Interest rate decision. The pair's price has dropped by 2 points, from the 1.14 level down to 1.12. The nearest support level is located at 1.1245 and can be easily breached. In that case, EUR/USD will continue to move along the downtrend, which gives a great chance to make money. In case of rise, we recommend to pay attention to the important resistance level at 1.1415.

As to the Eurozone, the Consumer price index report will be released on Thursday. On Wednesday, the Interest rate decision for the USA will be announced and will define the further value of the American dollar. We also recommend to pay attention to the Core Retail sales, the Producer price index, the Crude oil inventories and the Building permits.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.1415.

- in case of fall, we recommend to sell from 1.245 and lower.

We recommend: TO SELL

 

GBP/USD

GBP/USD has also formed the clear positive trend. The pair’s value has dropped from the 1.46 mark down to 1.41 and keeps tendencies for a further decline. The decrease was caused by the USD’s strengthening and the lack of the important UK data. The nearest support level is located at 1.4180 and can be easily breached. Traders have a great chance to open profitable long-term trades. In case of a trend reversal, we recommend to pay attention to the important resistance level at 1.4472.

On Thursday, the Interest rate decision for the UK will be announced. On Wednesday, the Interest rate decision for the USA will be announced and will define the further value of the American dollar. We also recommend to pay attention to the Core Retail sales, the Producer price index, the Crude oil inventories and the Building permits.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.4472.

- in case of fall, we recommend to sell from 1.4180 and lower.

We recommend: TO SELL

 

AUD/USD

AUD/USD has shown the intense growth due to the announcement of the Interest rate decision for Australia. The rate has remained on the previous level, but nevertheless has positively reflected on the pair's price chart. But in the middle of the week the trend reversal has formed and the asset has started to decrease in value. A lot of fundamental data will be published on this week, therefore there might be various tendencies. The important resistance and support levels are located at 0.7502 and 0.7316.

As to Australia, the Employment change report will be published. On Wednesday, the Interest rate decision for the USA will be announced and will define the further value of the American dollar. We also recommend to pay attention to the Core Retail sales, the Producer price index, the Crude oil inventories and the Building permits.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 0.7502.

- in case of fall, we recommend to sell down to 0.7316 and lower.

We recommend: TO SELL

 

USD/JPY

USD/JPY during the last week continued to trade near its minimum values, despite the positive GDP data for Japan. The pair trades in a narrow range, therefore traders should pay attention to the pair's price chart when the economic data for Japan and the USA will be about to release. The nearest support level is located at 106.27 and can be easily breached. With any positive tendencies, we recommend to pay attention to the important resistance level at 109.14.

On Thursday, the Interest rate decision for Japan and the BoJ Monetary Policy statement will be announced. On Wednesday, the Interest rate decision for the USA will be announced and will define the further value of the American dollar. We also recommend to pay attention to the Core Retail sales, the Producer price index, the Crude oil inventories and the Building permits.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 109.14.

- in case of fall, we recommend to sell down to 106.27 and lower.

We recommend: TO AWAIT

 

USD/CHF

USD/CHF has continued to move along the downtrend. In the middle of the last week the price chart showed the trend reversal due to positive unemployment data for the USA. Nevertheless, the pair continues to trade near its minimum values. The nearest support level is located at 0.9578 and can be easily breached. In case of a clear positive trend, we recommend to pay attention to the important resistance level at 0.9782.

On Thursday, the Interest rate decision for Switzerland will be announced. On Wednesday, the Interest rate decision for the USA will be announced and will define the further value of the American dollar. We also recommend to pay attention to the Core Retail sales, the Producer price index, the Crude oil inventories and the Building permits.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9578 and lower.

- in case of rise, we recommend to buy up to 0.9782.

We recommend: TO AWAIT

 

GOLD

Gold has formed the clear positive trend due to the upcoming Interest rate decision for the USA. The Fed is not planning to increase the rate, which immediately reflected on the asset's price chart. But the final data will only be published on Wednesday, therefore there might be various trends. The nearest resistance level is located at 1277 and can be easily breached. In case of a trend reversal, we recommend to pay attention to the important support level at 1234.

On Wednesday, the Interest rate decision for the USA will be announced and will define the further value of the American dollar. We also recommend to pay attention to the Core Retail sales, the Producer price index, the Crude oil inventories and the Building permits.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1277.79 and higher.

- in case of fall, we recommend to sell down to 1234.64.

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.