Trading tactics for 21.03 - 25.03

EUR/USD

EUR/USD showed an intense growth in the end of the last week, which was caused by the US Interest rate decision. The American dollar has significantly decreased in value, which has positively affected the pair and led to the new 1-month high at 1.1344. Nevertheless, EUR/USD’s price chart has started to show some negative tendencies, therefore there might be a further decline. In that case we recommend to pay attention to the nearest support level at 1.1058. If the pair continues to rise, the nearest resistance level at 1.1344 will be breached. It's not excluded, that the EUR/USD’s value won’t leave the 1.10 – 1.13 trading ranges during this week, which let traders to make profit on short-term trades.

As to the Eurozone, the German Manufacturing PMI and the Ifo Business Climate index will be released. As to the USA, we recommend to pay attention to the Existing Home sales, the Crude oil inventories reports and the GDP data for the 4th quarter.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.1344 and higher.

- in case of fall, we recommend to sell down to 1.1058.

We recommend: TO SELL

 

GBP/USD

GBP/USD has continued to actively increase in value due to the USD's weakening and the Interest rate decision for the UK, which has also had a positive impact on the British pound. The trading ranges of GBP/USD are located in 1.45 – 1.40. The pair has formed a new high at 1.4513 and still keeps perpectives for a further rise. If the trend reverses, we recommend to pay attention to the nearest support level at 1.4052. The important statistics will be released on this week, which can lead to new trends. The purchases among traders might also increase during the week.

As to the UK, the Consumer price index and the Retail sales data will be published. As to the USA, we recommend to pay attention to the Existing Home sales, the Crude oil inventories reports and the GDP data for the 4th quarter.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.4513 and higher.

- in case of fall, we recommend to sell down to 1.4052.

We recommend: TO BUY

 

AUD/USD

AUD/USD has also shown an active rise after the announcement of the US Interest rate decision. The pair’s trading ranges are located in 0.74 – 0.76. AUD/USD has formed a new high at 0.7680, which is also its nearest resistance level. Afterwards the pair has started to gradually decrease in value, therefore in the long-term perspective there might be a further fall. In that case the nearest support level will be located at 0.7413. During the whole week AUD/USD’s value will directly depend on the US economic releases.

There will be no important data for Australia. As to the USA, we recommend to pay attention to the Existing Home sales, the Crude oil inventories reports and the GDP data for the 4th quarter.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 0.7680 and higher.

- in case of further decline (the USD strengthening), we recommend to sell down to 0.7413.

We recommend: TO SELL

 

USD/JPY

USD/JPY has returned to its previous minimum values from the beginning of this year by falling from the 114 level down to 110.68. The 4-point decline was caused by the USD's weakening and the Interest rate decision for Japan. Nevertheless, the asset's price chart has started to show an upward trend. USD/JPY has grown up to the 111.55 level and keeps positive tendencies. There might be a further increase, and in that case we recommend to pay attention to the nearest resistance level at 112.96. With a new phase of decline the important support level will be located at 110.68. That level can be easily breached, therefore there might be new trading trends.

There will be no important data for Japan. As to the USA, we recommend to pay attention to the Existing Home sales, the Crude oil inventories reports and the GDP data for the 4th quarter.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 112.96.

- in case of fall, we recommend to sell down to 110.68 and lower.

We recommend: TO BUY

 

USD/CHF

USD/CHF has significantly decreased in value and has formed a new one-month low at 0.9650. The fall was also caused by the USD's weakening. Now the pair's price chart is showing a slight trend reversal, therefore there might be a further increase. In case of further move along the upward trend, we recommend to pay attention to the nearest resistance level at 0.9914. In case of any negative tendencies, USD/CHF can breach the nearest support level at 0.9650 and form a new minimum value. There might be various short-term trends.

Only some secondary data for Switzerland will be released. As to the USA, we recommend to pay attention to the Existing Home sales, the Crude oil inventories reports and the GDP data for the 4th quarter.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9650 and lower.

- in case of rise, we recommend to buy up to 0.9914.

We recommend: TO BUY

 

USDRUB

USD/RUB has continued to actively fall. The trading ranges of USD/RUB are now located in 67 – 71. In comparison with the last week, the pair has decreased by 2 points due to the USD's weakening. The negative tendencies were also caused by the Russian ruble, which has strengthened because of the decision of the Russian central bank to remain the interest rate on the previous level. The pair has formed a new low at 67.21, which is also the pair's nearest support level and can be easily breached in case of any negative tendencies. In case of rise, we recommend to pay attention to the important resistance level at 71.34.

There will be only some secondary statistics for Russia. As to the USA, we recommend to pay attention to the Existing Home sales, the Crude oil inventories reports and the GDP data for the 4th quarter.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 71.34.

- in case of further decline, we recommend to sell down to 67.21 and lower.

We recommend: TO SELL

 

GOLD

In the middle of the last week Gold showed an active rise, by growing from the 1225 level up to 1270, which was also caused by the USD's weakening. Nevetheless, the last week's trading ended with the asset's decline. Gold's price has stopped at 1254. There might be a further fall, but according to the asset's dynamics over the past 2 monthes, a further growth is not excluded. We recommend to pay attention to the price chart's next move when the important US reports will be about to release. The nearest resistance and support levels are located at 1225 and 1270.

As to the USA, we recommend to pay attention to the Existing Home sales, the Crude oil inventories reports and the GDP data for the 4th quarter.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1270.60 and higher.

- in case of fall, we recommend to sell down to 1225.50.

We recommend: TO SELL

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