Trading tactics for 03.11 - 07.11

EUR/USD

The downtrend remains on the temporary H4 interval. There are some tendencies for a further decline. The asset has not succeeded to strengthen lower than 1.25, which shows a possible short correction movement. Moving averages stay down, which show a further decrease.

Trading tactics for binary options look as follows:

- In case of any attempt to rise, we recommend to sell the asset.

- At 1.25 we recommend to open short-term Call positions.

 

GBP/USD

GBP/USD is under strong selling pressure, but there are some perspectives for a further decrease in value. Moving averages stay horizontally, but a further fall is possible.

Trading tactics for binary options look as follows:

- In case of reaching 1.60, we recommend to trade Put Options.

- In case of testing 1.5950, trading with short-term Call Options can be considered.

 

USD/JPY

USD/JPY continues to trade positively. It has succeeded to strengthen higher than 112, which is a positive signal for buyers of the asset. The current levels are now located at six-year highs. Moving averages stay up.

Trading tactics for binary options look as follows:

- In case of getting lower than 112.00, trading with Put Options is recommended.

 

AUD/USD

The Australian dollar still trades in a narrow range. Moving averages stay horizontally. In order to go out of that range, a strong driver as fundamental data is necessary.

Trading tactics for binary options look as follows:

- In case of breaching the range, we recommend to trade options following the trend.

 

GOLD

Gold is under strong selling pressure. Moving averages stay down, which show a further decline. The common sentiment among traders is negative.

Trading tactics for binary options look as follows:

- In case of any attempts to rise, we recommend to trade Put options.

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.