Trading tactics for 14.03 - 18.03

EUR/USD

EUR/USD has shown an intense growth by rising from the 1.08 mark up to 1.12. Afterwards a new trend reversal has occured. If EUR/USD doesn't change its direction, the pair can easily return to its previous values near the 1.09 level. In any case, it will give traders an opportunity to open profitable long-term trades. In case of further move along the downtrend, we recommend to pay attention to the nearest support level at 1.0823, which is also the pair's one-month low. In case of strong positive data, EUR/USD can breach the nearest resistance level at 1.1217, which can also lead to active purchases.

As to the Eurozone, the Consumer price index will be released. As to the USA, we recommend to pay attention to the Core retail sales, the Core CPI and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.1217 and higher.

- in case of fall, we recommend to sell down to 1.0823.

We recommend: TO AWAIT

 

GBP/USD

GBP/USD continues to actively increase in value. The pair has succeeded to reach the 1.43 level, and still keeps positive tendencies. GBP/USD trades very close to the important resistance and support levels, which now are located at 1.4410 and 1.4118. With some strong fundamental data, both of them can be easily breached. During this week there might be lots of various short-term trends, which will appear on expectations of the UK Interest rate decision. There could be a very high activity among traders, which can also lead to intense purchases and sales. A sideways trading is also not excluded.

This Thursday the Interest rate decision for the UK will be released, and will define the further value of the British pound. Also the Earnings index data and the Claimant count change will be published. As to the USA, we recommend to pay attention to the Core retail sales, the Core CPI and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.4410 and higher.

- in case of fall, we recommend to sell down to 1.4118 and lower.

We recommend: TO BUY

 

AUD/USD

AUD/USD has continued to move along the upward trend. The trading ranges of AUD/USD are now located in 0.7390 – 0.7526. The pair has succeeded to form a new maximum value at 0.7526, which is also its important resistance level. AUD/USD locates very close to that level, therefore in case of further increase the pair can easily form a new high. With any negative tendencies, we recommend to pay attention to the nearest support level at 0.7390. If that level is breached, AUD/USD can return to its previous values from the end of February.

As to the Australia, the Employment change data will be released. As to the USA, we recommend to pay attention to the Core retail sales, the Core CPI and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of further growth, we recommend to buy up to 0.7526 and higher.

- in case of fall (the USD strengthening), we recommend to sell down to 0.7390 and lower.

We recommend: TO BUY

 

USD/JPY

USD/JPY trades positively, but still has no any clear trends. We recommend traders to preferably open short-term positions. The value of USD/JPY is not leaving the trading ranges of 112 – 114. The nearest resistance level is located at 114.56, which is also the pair's maximum value in February. In case of any negative data, we recommend to pay attention to the important support level at 112.62, which also can be easily breached. The pair's value during this week will directly depend on the US economic releases.

There will be no important data for Japan. As to the USA, we recommend to pay attention to the Core retail sales, the Core CPI and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 114.56.

- in case of fall, we recommend to sell down to 112.62 and lower.

We recommend: TO BUY

 

USD/CHF

In the end of the last week USD/CHF has shown an interesting dynamic, by forming 1-month high and low in only one day. The reason for such sharp fluctuations was the important US data. On its expectations the pair has significantly increased in value and has formed a new high at 1.0094, but afterwards started to actively fall. The new low of USD/CHF is located at 0.9810. Later the price chart showed a slight trend reversal, therefore there might be a further rise. The nearest resistance and support levels are located at 1.0094 and 0.9810.

There will be only some secondary statistics for Switzerland. As to the USA, we recommend to pay attention to the Core retail sales, the Core CPI and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9810 and lower.

- in case of rise, we recommend to buy up to 1.0094.

We recommend: TO BUY

 

USDRUB

USD/RUB continues to actively decrease in value. The trading ranges of USD/RUB are located in 69 – 72. The pair has formed a new one-month low at 69.45, which is also its nearest support level. In case of further move along the downtrend, that barrier can be easily breached. The nearest resistance level is located at 72.95. In the end of this week USD/RUB’s value might show some significant changes, since the Interest rate decision for Russia will be announced. We recommend traders to pay a lot of attention to the USD/RUB’s next move when the fundamental data will be about to release.

On Friday the Interest rate decision for Russia will be announced, and will strongly influence the RUB's value. As to the USA, we recommend to pay attention to the Core retail sales, the Core CPI and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 72.95 and higher.

- in case of further decline, we recommend to sell from 69.45 and lower.

We recommend: TO SELL

 

GOLD

During the last week Gold has formed a new high by reaching the 1283.21 mark. Afterwards the asset has shown a sharp decline due to the USD's strengthening and the worldwide growth in oil prices. Now Gold's price has stopped at 1266, but it's worth noting, that the asset still trades under pressure. Further fluctuations in its value are expected only on Tuesday, since the important US statistics will be released, therefore we recommend traders to open only short-term positions in the beginning of the week. The important resistance and support levels are located at 1283.21 and 1236.97.

As to the USA, we recommend to pay attention to the Core retail sales, the Core CPI and the Crude oil inventories reports.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1283.21 and higher.

- in case of fall, we recommend to sell down to 1236.97.

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