Trading tactics for 01.12 - 05.12

EUR/USD

EUR/USD tends to fall. The pair is located in a downtrend. A few times the price chart reached 1.23737, therefore some sales are considered to occur. It’s important to notice, that if the asset reaches the first support level at 1.24451, sales will increase.

As regards to our recommendations on this week, we recommend to pay attention to the ECB interest rates report, which will be published on Thursday.

Trading tactics for binary options look as follows:

- A possible rise of the asset will give a target up to 1.25975.

- Sales, lower than 1.24451, will give a target down to 1.23737.

We recommend: TO SELL.

 

GBP/USD

GBP/USD attempts to breach the price support at 1.57338. If the price chart breaches this level, a target up to 1.55950 will be opened. Besides that, there are still some tendencies to reach 1.54450.

The publication of interest rates by the Bank of England will be a very important event on this week. Traders are likely to show their interest to earn money on such release.

Trading tactics for binary options look as follows:

- Further selling will give a signal down to 1.55950.

- Further buying will give a signal to buy higher than 1.57338.

We recommend: TO SELL.

 

USD/JPY

USD/JPY is currently expecting a publication of important financial news. It’s also noticeable, that now the asset trades in a range between 118.66 – 116.74. If the pair goes out of the boundary levels, it will give an effective signal to open a position.

Trading tactics for binary options look as follows:

- New purchases from 118.66 will give a signal to reach 119.

- Possible sales can lead to a price down to 116.74.

We recommend: TO AWAIT.

 

AUD/USD

AUD/USD shows a signal for further sales. It is important to notice, that the asset has strengthened lower than 0.85771, which increases a sentiment among traders to sell the asset. Besides that, if the pair breaches the price support level at 0.84813, the price chart will show a further decline.

Trading tactics for binary options look as follows:

- The first target to reach is 0.84813.

- Possible buying will open a target up to 0.86846.

We recommend: TO SELL.

 

GOLD

The price chart for GOLD is about to fall against the formed trend. If the price chart confidently breaches 1185.43, a target down to 1173.23 will be opened. It’s also important to notice, that a confident breach of an upward trend can increase sales.

Trading tactics for binary options look as follows:

- If 1185.43 has been reached, a target down to 1173.23 will be opened.

- In case of buying, the price chart will attempt to reach 1205.86.

We recommend: TO SELL.

 

SP500

SP500 attempts to reach new highs. A positive corporate reporting season and economic growth makes the index to rise. That’s why, a reach of 2075.7 will give a signal to buy the asset. If the price chart goes in direction of sales, a target at the 2052.3 level will open.

Trading tactics for binary options look as follows:

- If 2075.2 has been breached, new purchases will appear.

- In case of sales, the price chart will reach 2052.3.

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.