Trading tactics for 11.01 - 15.01

EUR/USD

EUR/USD is located in the upward trend, but the pair's further move is indefinite. The value of EUR/USD has stopped near the 1.09 level, but the asset has not been leaving the 1.0712 – 1.0992 trading ranges since the middle of December. Last week the pair had reached its month's minimum value and has formed the new important support level at 1.0712. The asset now will directly depend on important economic data and traders' activity. The nearest resistance level is located at 1.0992. In case of an intense rise, EUR/USD can reach the next resistance level at 1.1060.

On this week there will be only some secondary data for the Eurozone. Some important reports for the USA are expected only in the end of the week. We recommend to pay attention to the Core Retail Sales and the Producer Price Index reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.0992 and higher.

- in case of fall, we recommend to sell down to 1.0712.

We recommend: TO BUY

 

GBP/USD

GBP/USD continues to actively decrease in value, and has reached the 1.4505 level, which is also the important support level. If that level is breached, a new phase of decline is expected. The pair is still located in the 1.4947 – 1.4505 trading ranges. In the trend reverses, the nearest resistance level will be at 1.4947. Some new tendencies might occur during this week because of the important statistics for the UK and the USA. In case of further negative movement, a new minimum value can be formed.

The most important release for the UK will be the Interest rate decision and the Manufacturing Production report. As to the USA, we recommend to pay attention to the Retail sales report in the end of the week.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy from 1.4505 and higher.

- in case of further fall, we recommend to sell from 1.4505 and lower.

We recommend: TO SELL

 

AUD/USD

AUD/USD trades negatively, and has formed the new minimum value at 0.6950. It is very possible, that the price chart will move along the downtrend. The trading ranges of AUD/USD are now located in 0.6950 – 0.7214. If the support level at 0.6950 is breached, active sales will begin. The nearest resistance level is located at 0.7214. In case of any positive data for Australia, we can expect an upward trend to appear. There also might be some short-term negative and positive tendencies when the economic news will be about to release.

Some important economic data for Australia will be published on this week, such as the Employment change report. As to the USA, the important economic news will be released in the end of this week. Traders should pay attention to the Retail Sales and the Producer Price Index reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy from 0.6950 and higher.

- in case of further decline, we recommend to sell from 0.6950 and lower.

We recommend: TO SELL

 

USD/JPY

USD/JPY continues to trade negatively, and also has formed the new minimum value at 117.21. The new value is also the important support level, and if it's breached, a new phase of fall can begin. The new trading ranges of USD/JPY are now located in 117.21 – 120.65. The pair's further value will only depend on the American dollar, as there will be only some secondary data for Japan on this week. If the trend reverses, the nearest resistance level will be located at 120.65.

There will be no important data for Japan. The fundamental news for the USA will be only published on Friday, therefore in the beginning and in the middle of this week USD/JPY might trade in a narrow range. As to the USA, we recommend to pay attention to the Core Retail Sales and the Producer Price Index reports.

Binary Option Trading Tactic:

- in case of rise from 117.21, we recommend to buy up to 120.65.

- in case of further fall, we recommend to sell from 117.21.

We recommend: TO SELL

 

USD/CHF

USD/CHF has started to trade negatively after its prolonged growth, and has formed its maximum value at 1.0124, which is also the nearest resistance level. The further decline occured because of the reduction in the USD's value. USD/CHF’s further move is indefinite and will depend on the volume of purchases and sales, as well as on the important economic releases. The nearest support level is located at 0.9922. If that level is reached, USD/CHF can further decrease in value. The US economic releases are only expected in the end of the week, therefore USD/CHF can temporarily trade in a narrow range.

There will be only some secondary data for Switzerland, and will not strongly affect the pair's value, therefore traders need to pay attention to the US economic reports, such as the Retail sales and the Producer Price Index reports.

Binary Option Trading Tactic:

- in case of further fall, we recommend to sell down to 0.9922 and lower.

- in case of rise, we recommend to buy up to 1.0124.

We recommend: TO AWAIT

 

USDRUB

USD/RUB continues to trade positively, and has formed the new maximum value at 75.67. The pair is located in the 75.67 – 72.47 trading ranges. If the American dollar continues to rise, or the Russian ruble will again decrease in value, USD/RUB can reach its resistance level at 75.67. Some new maximum values might occur. In case of fall, the nearest support level will be located at 72.47. There also can be some short-term negative and positive tendencies.

There will be only some secondary data for Russia, that's why traders should pay their attention to the US reports, such as the Retail sales and the Producer Price Index reports. The negative data is expected and can affect the asset's value.

Binary Option Trading Tactic:

- in case of further rise, we recommend to buy up to 75.67.

- in case of fall, we recommend to sell down to 72.47 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

 

GOLD

Last week Gold demonstrated the record rise by increasing from 1074 to 1112, because of the fall in stock markets. The asset's value has slightly declined down to 1103, but it's still located in the upward trend. It might reach the resistance level at 1112, and also form some new maximum values. If Gold decreases in value, the nearest support level will be at 1074. The asset can trade near its maximum values till the end of this week, as all the important US reports will be only published on Friday. The asset's price will now depend on the USD strengthening.

On Friday we recommend to pay attention to three reports for the USA – the Retail sales report, the Core Retail Sales report and the Producer Price Index report. All data is expected to be worse than the previous one and can positively influence the asset.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1112.43.

- in case of fall, we recommend to sell down to 1074.85.

We recommend: TO BUY