Trading tactics for 15.02 - 19.02

 

EUR/USD

EUR/USD continues to actively increase in value. During the last week the pair succeeded to grow from the 1.10 mark up to 1.13, and has formed the new high. The trading ranges of EUR/USD are now located in 1.1088 – 1.1377. There might be a further rise, though the trend could also change its direction. The nearest resistance level is located at 1.1377. If that level is breached, the pair can continue to move along the upward trend. In case of any negative data for the Eurozone, or any positive US data, EUR/USD’s value can fall down to the important support level at 1.1088. In that case the pair will return to its minimum values from January.

As to the Eurozone, there mostly will be published some secondary reports. In regards to the important economic data, the German ZEW Economic Sentiment will be released. As to the USA, we recommend to pay attention to the Producer price index, the Core Consumer Price Index and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.1377 and higher.

- in case of fall, we recommend to sell down to 1.1088 and lower.

We recommend: TO BUY

 

GBP/USD

GBP/USD is still located in the 1.4350 – 1.4669 trading ranges, but trades without a clear trend. The pair may easily change its direction, but currently an upward trend is certain to form. In case of increase, GBP/USD can reach the important resistance level at 1.4669, which is also its two-month high. On this week there will be a lot of important statistics for the UK and the USA, therefore new important levels and various trends are highly expected. The price chart of GBP/USD is located in the middle of the important resistance and support lines, therefore in case of a negative sentiment, the pair can reach the support level at 1.4350.

As to the UK, the Labor data and the Retail sales report will be released. As to the USA, we recommend to pay attention to the Producer price index, the Core Consumer Price Index and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.4669 and higher.

- in case of fall, we recommend to sell down to 1.4350 and lower.

We recommend: TO BUY

 

AUD/USD

AUD/USD trades in the upward trend, but has no clear tendencies. Nevertheless, traders can open profitable short-term trades. The pair’s trading ranges are still located in 0.6972 – 0.7242. The important resistance level is still located at 0.7242. In case of any positive US data, the pair can reach the nearest support level at 0.6972. If that level is breached, a new phase of sales can begin, and AUD/USD’s price chart will return to its lows from January.

This Thursday the Employment change report for Australia will be released. As to the USA, we recommend to pay attention to the Producer price index, the Core Consumer Price Index and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of further growth, we recommend to buy up to 0.7242 and higher.

- in case of fall (the USD strengthening), we recommend to sell down to 0.6972.

We recommend: TO BUY

 

USD/JPY

USD/JPY has continued to decrease in value by falling from the 116 level to 110. The pair has formed the new minimum value at 110.99 and the trading ranges of 110.99 – 115.20. Nevertheless, on background of the positive US data, the slight trend reversal is currently seen, therefore the pair's value might grow. In that case the nearest resistance level will locate at 115.20. In case of any negative US data, we recommend traders to pay attention to the important support level at 110.99, since there's a high possibility, that this level will be breached. There might be a new phase of decline, and a new minimum value might form.

There will be no important statistics for Japan, but the GDP data might cause some short-term trends. As to the USA, we recommend to pay attention to the Producer price index, the Core Consumer Price Index and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 115.20 and higher.

- in case of further decline, we recommend to sell down to 110.99 and lower.

We recommend: TO AWAIT

 

USD/CHF

USD/CHF’s value during the previous week fell down to 0.9660, which is also its important support level and the one-month low. The trading ranges are now located in 0.9660 – 0.9984. During the upcoming week the pair's value will directly depend on the US economic releases. In case of any positive news, the pair can start to increase in value and reach the nearest resistance level at 0.9984. In long-term perspective there will be no strong movements in the pair's price chart, therefore traders should better focus on short-term trades.

There will be only some secondary data for Switzerland. As to the USA, we recommend to pay attention to the Producer price index, the Core Consumer Price Index and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9660 and lower.

- in case of rise, we recommend to buy up to 0.9984.

We recommend: TO AWAIT

 

USDRUB

USD/RUB has started to gradually increase in value. During the last week the pair rose from the 76 mark up to 80, and currently trades near the 79 level. The pair’s trading ranges are located in 75.10 – 80.60. The nearest resistance level is located at 80.60. In case of further growth, the level might be easily breached, which can cause the beginning of active purchases among traders. In case of any negative US data, the value can decrease down to the nearest support level at 75.10. We recommend traders to pay a lot of attention to the USD/RUB’s price chart at the time of important economic releases.

There will be no important economic data for Russia. As to the USA, we recommend to pay attention to the Producer price index, the Core Consumer Price Index and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 80.60 and higher.

- in case of fall, we recommend to sell down to 75.10.

We recommend: TO BUY

 

GOLD

Gold has shown the most intense rise over the past 4 years due to reduction in stock markets. Gold demand has increased, and has influenced the asset to reach the 1263 mark, which is also its maximum value in this year. The important resistance level at 1263.08 could be breached, since purchases among traders still grow. Last Thursday Gold's value rose by 4%, and according to the forecasts, the asset can reach the $1300 mark. Anyway, in case of fall traders will have an excellent chance to earn good money on the asset's decline. With negative tendencies we recommend to pay attention to the nearest support level at 1144.85.

As to the USA, we recommend to pay attention to the Producer price index, the Core Consumer Price Index and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1263.08 and higher.

- in case of fall, we recommend to sell down to 1144.85.

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.