Trading tactics for 18.01 - 22.01

EUR/USD

EUR/USD trades positively, but without a certain trend. The pair hasn't succeeded to get higher than the 1.09 level since the last week. The pair's new trading ranges are 1.0804 – 1.0993. The nearest resistance level is located at 1.0993 and can be easily reached in case of any positive data for the Eurozone, or any negative data for the USA. In case of fall, we recommend to pay attention to the support level at 1.0804. If that level is breached, the asset can continue to move along the downtrend to the next support line at 1.0710. Due to a huge amount of important reports on this week, EUR/USD might form new highs and lows.

A lot of important statistics is expected on this week. The Interest rate decision for the Eurozone will be announced. As to the USA, we recommend to pay attention to the Crude oil inventories and the Core Consumer Price Index (CPI) reports .

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.0993.

- in case of fall, we recommend to sell down to 1.0804 and lower.

We recommend: TO BUY

 

GBP/USD

GBP/USD has been actively decreasing in value over a month. The new low is now located at 1.4330, which is also the important support level. It is very possible, that this level will be breached. In that case a new minimum value might form and the next phase of decline will start. If an upward trend appears, the nearest resistance level will locate at 1.4818. Traders should pay a special attention to the asset, since a lot of fundamental economic reports will be released during the whole week. That can lead to new short-term and long-term trends, which can be considered as a strong signal to open a profitable trade.

On this week we expect the reports for the UK Labor market, which can strongly affect the British pound. As to the USA, we recommend to pay attention to the Core Consumer Price Index report (CPI).

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.4818 and higher.

- in case of further decrease, we recommend to sell from 1.4330 and lower.

We recommend: TO SELL

 

AUD/USD

AUD/USD still trades negatively and has formed a new minumum value at 0.6863. The moving averages stay down, which show a further decrease and a possible beginning of active sales. The trading ranges of AUD/USD are now located in 0.6863 – 0.7075. In the trend reverses, the nearest resistance level will locate at 0.7075. If the pair rises actively, the value can also reach the next resistance level at 0.7327, which is also its one-month high. The pair's further move will directly depend on the American dollar, since there will be no economic reports for Australia.

On this week there will be only some secondary data for Australia, which won't strongly influence the Australian dollar. As to the USA, we recommend to pay attention to the Crude oil inventories and the Core Consumer Price Index (CPI) reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 0.7075 and higher.

- in case of further fall, we recommend to sell from 0.6863 and lower.

We recommend: TO SELL

 

USD/JPY

USD/JPY trades in a narrow range after the prolonged fall, and on the last week has formed a new low at 116.69. The pair's further move is indefinite, therefore traders should expect the important economic releases for the USA, since there will be only some secondary data for Japan. The nearest support level is located at 116.69. If that level is breached, a new phase of decline can begin. If the American dollar strengthens, the nearest resistance level will locate at 120.68. There might be some positive or negative short-term trends, based on expectations of economic data release.

There will be only some secondary data for Japan. As to the USA, we recommend to pay attention to the Crude oil inventories and the Core Consumer Price Index (CPI) reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 120.68.

- in case of further fall, we recommend to sell from 116.69 and lower.

We recommend: TO AWAIT

 

USD/CHF

USD/CHF showed an active rise, but started to gradually fall since the last Wednesday. The pair trades negatively, and there's a possibility for an upward trend to form. USD/CHF has been remaining in the trading ranges of 0.9853 – 1.0124 since the middle of December. The pair's high at 1.0124 is also the important resistance level. In case of further decline, traders need to pay their attention to the support line at 0.9853. In case of any positive fundamental data, USD/CHF can breach the 1.0124 level and form a new maximum value.

Only some secondary data for Switzerland will be published on this week, and won't strongly affect the asset, that's why traders should pay their attention to the US economic news. In particular, to the Crude oil inventories, the Building Permits and the Core Consumer Price Index (CPI) reports.

Binary Option Trading Tactic:

- in case of further fall, we recommend to sell down to 0.9853.

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

We recommend: TO SELL

 

USDRUB

USD/RUB has been showing the active and prolonged growth since the middle of December. Now the pair's maximum value is located at 77.75. The moving averages still stay up, which indicates the pair's further move along the upward trend. There might be some active purchases among traders. With such dynamics investors have a plenty of chances to make good profit. The important resistance level is located at 77.75. In case of any negative movement, the nearest support level will be located at 73.58. There also might be some new multidirectional short-term tendencies when the US data will be about to release.

There will be no economic statistics on Russia. We recommend traders to pay attention to the US reports, such as the Crude oil inventories, the Building Permits and the Core Consumer Price Index (CPI) reports.

Binary Option Trading Tactic:

- in case of further rise, we recommend to buy from 77.75 and higher.

- in case of fall, we recommend to sell down to 73.58.

We recommend: TO BUY

 

GOLD

Gold has started to gradually decrease in value after its record growth up to the 1112 level. Now the asset trades near the 1080 level, but can show a further increase, if any negative data for the USA is released. The nearest support level is located at 1071.14. If that level is breached, the asset's price might fall down to its value from the end of December. The nearest resistance level is also located at 1112. The asset's price chart looks quite profitable for further investing, as any of its fluctuations will give traders a good chance to make lots of profit.

As to the USA, we recommend to pay attention to the Crude oil inventories, the Building Permits and the Core Consumer Price Index (CPI) reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1112.25.

- in case of fall, we recommend to sell down to 1071.14 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.