Trading tactics for 08.12 - 12.12

EUR/USD

The price chart shows an intense selling of the asset. Such sentiment to sell the pair among traders will be in the spotlight for a while. The first target, which the price chart can possibly reach to is 1.22368, because EUR/USD is located in the down trend. A possible reversal will open a target up to 1.23737.

One of the most important news on this week is the Production reports for Germany and for the Eurozone.

Trading tactics for binary options look as follows:

- The first target to start selling the asset is 1.22368.

- Sales, lower than 1.22368 will open a target down to 1.21380.

We recommend: TO SELL.

 

GBP/USD

The British pound trades at the breaching level of 1.55953. The situation is similar to EUR/USD, since the pair is located in the down trend. It’s important to remember, that this is a strong signal to sell the asset. The first target, the asset can decrease to is 1.54450.

On this week we recommend to pay attention to the Manufacturing Production report. Therefore, a strong activity to either buy or sell the asset is likely to occur.

Trading tactics for binary options look as follows:

- The first target to start selling the asset is 1.54450.

- A reversal of the price chart will give a signal to buy lower than 1.57338.

We recommend: TO SELL.

 

USD/JPY

The Japanese yen is intended to reach to new highs. If the price chart breaches 121.68, new purchases among traders will begin. It’s important to notice, that the Japanese yen currently trades in a range between 121.63 – 118.66. If the price leaves out of the boundary levels, it will give a signal to open a position.

Trading tactics for binary options look as follows:

- New purchases from 121.63 will give a signal to continue buying.

- Possible sales will open a target down to 118.60.

We recommend: TO BUY.

 

AUD/USD

The Australian dollar trades negatively. The first price support level, where the chart can possibly stop at is 0.83157. It’s important to notice, that on this week the Employment and Unemployment reports for Australia will be published. Increase in unemployment can lead to even more active sales of the asset.

Trading tactics for binary options look as follows:

- The first target is located at 0.82565.

- In case of purchases, a target up to 0.84813 will open.

We recommend: TO SELL.

 

GOLD

Gold trades without any certain directions. If the price chart breaches 1205.86, a signal to an upward movement will appear. Besides that, the asset can continue to trade indefinitely, because of the ECB’s policy.

Trading tactics for binary options look as follows:

- If the 1205.86 level has been breached, new purchases will begin.

- In case of sales, the price chart can reach to 1185.42.

We recommend: TO SELL.

 

SP500

The asset gradually rises. A positive corporate reporting season and economic growth makes the index to increase in value. That’s why, a breach of 2075.7 will give a signal to buy the asset.

Trading tactics for binary options look as follows:

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

- In case of an opposite direction, the price can reach to 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.