Trading tactics for 01.08 - 05.08

EUR/USD

EUR/USD during past week created many short lasting trends and increased to level 1.1171. There might be tendencies for the future growth. The nearest resistance level is located at 1.1194. The nearest support levels are located at 1.1061 and 1.0959.

This week, we recommend paying attention to Manufacturing PMI for July.

For USA, we recommend to pay attention to ISM Non-Manufacturing PMI for July, ADP Nonfarm Employment Change for July and ISM Manufacturing PMI for July.

- In case of rise, we recommend to buy up to 1.1194 and higher.

- In case of fall, we recommend to sell down to 1.0059.

We recommend: TO BUY

 

GBP/USD

GBP/USD made few negative trends previous week and closed in a narrow corridor at level 1.3220. Might be expected future fall. The nearest resistance level is located at 1.3300. The nearest support levels are located at 1.3154 and 1.3056.

For Britain, there will be few important news. We recommend paying attention, to Manufacturing PMI for July, construction PMI for July and Services PMI for July and Mark Carney speech.

For USA, we recommend to pay attention to ISM Non-Manufacturing PMI for July, ADP Nonfarm Employment Change for July and ISM Manufacturing PMI for July.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.3300

- In case of fall, we recommend to sell down 1.3056

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week had many negative trends, but closed positively at level 0.7593. The nearest resistance level is located at 0.7609. The nearest support levels are located at level 0.7493 and 0.7420.

For Australia, we recommend to pay attention to Retail Sales (MoM) for July and Interest Rate Decision for August, and HIA New Home Sales (MoM) for June.

For USA, we recommend to pay attention to ISM Non-Manufacturing PMI for July, ADP Nonfarm Employment Change for July and ISM Manufacturing PMI for July.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7606

- In case of fall, we recommend to sell down 0.7420

We recommend: TO BUY

 

USD/JPY

USD/JPY pair was trading negatively and decreased to the level 102.01. Might be expected future fall. The nearest resistance levels are located at 103.99 and 106.53. The nearest support level is located at 101.97.

There will be no important news for Japan this week.

For USA, we recommend to pay attention to ISM Non-Manufacturing PMI for July, ADP Nonfarm Employment Change for July and ISM Manufacturing PMI for July.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 106.53

- In case of fall, we recommend to sell down 101.97

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week formed many negative short trends. Pair closed at level 0.9689. Important resistance levels are located at 0.9785 and 0.9949. Nearest support level is located at level 0.9635.

For Switzerland, we recommend to pay attention to SECO Consumer Climate (Q3) and SVME PMI for July.

For USA, we recommend to pay attention to ISM Non-Manufacturing PMI for July, ADP Nonfarm Employment Change for July and ISM Manufacturing PMI for July.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9785

- In case of fall, we recommend to sell down 0.9635

We recommend: TO SELL

 

GOLD

Previous week GOLD formed many different trends, but closed positively at level 1350, but there might be tendencies for the future growth. Important resistance level is located at 1354. Nearest support levels are located at levels 1332 and 1313.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1354

- In case of fall, we recommend to sell down 1313

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.