Trading tactics for 07.11 - 14.11

EUR/USD 

Intense selling of EUR/USD is rising actively. The pair has breached the important level at 1.24405, which is a confident signal for a further decline. The actual trading range is located between 1.24405 and 1.22368, which most likely will be a location for the price chart on this week.

A useful newsflow for the euro as the Producer price index and the preliminary GDP of the European countries will be published on this week.

Trading tactics for binary options look as follows:

- the important price level is located at 1.24405, and if the level is breached, a further selling will continue.

- in case of possible buying of the asset, 1.24405 is recommended, since the price chart can perform a rise.

We recommend: TO SELL lower than 1.24405.

 

GBP/USD 

The price chart for GBP/USD trades near the important level at 1.58838. A further fall will only cause a more intense selling. Such course of events can give an effective signal to sell the asset.

Among many important events on this week, we recommend to pay attention to the Unemployment rate in the UK.

Trading tactics for binary options look as follows:

- in case of intense selling, there will be a new target down to 1.57338.

- in case of buying, there will be a new target up to 1.59547.

We recommend: TO SELL lower than 1.58838.

 

USD/JPY 

USD/JPY has stopped trading actively after the intense selling and is awaiting financial news. Also the price barrier at 114.94 has been marked. A further intense buying will give a strong trading signal to reach a higher price level. Besides that, it’s important to notice, that on background of increasing demand for US dollar, the Japanese yen can possibly continue to fall.

Trading tactics for binary options look as follows:

- a confident breaching of 114.94 will give a signal for a further buying of the asset.

- in case of opposite movement, we recommend to orientate on 113.33.

We recommend: TO BUY higher than 114.94.

 

AUD/USD 

AUD/USD after a while of trading sideways has finally marked a target for a further decline. Most likely the pair can perform strengthening in such lower trading ranges as 0.86846 and 0.83951.

Trading tactics for binary options look as follows:

- A further fall down to 0.85771 is possible.

- if the asset trades positively, the price levels from the last week can be expected.

We recommend: TO SELL lower than 0.85771.

 

GOLD 

The price chart for GOLD trades near 1139.54. This level is very important for the asset. Both selling and buying are possible, depending on financial news release. In any case it will be a strong signal to perform a transaction. Trading

tactics for binary options look as follows:

- if the support level at 1139.55 is reached, a new target for a further decline will open.

- in case of buying, we recommend to orientate on 1164.97.

We recommend: TO AWAIT or TO SELL lower than 1139.

 

SP500

SP500 currently trades near the important levels after its intense buying. There’s a possibility that the asset will continue to trade without any certain directions. It’s also important to notice, that during the period of financial reports release,

both selling and buying are possible.

Trading tactics for binary options look as follows:

- if the level at 2022.3 has been breached, a new target for rising will open up to 2060.2.

- in case of selling, we recommend to pay attention to the 1975.01 level.

We recommend: TO AWAIT.

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.