Trading tactics for 29.03 - 01.04

EUR/USD

EUR/USD had fallen by 2 points during the last week, and currently trades near the 1.11 level. The pair trades in a narrow range, therefore the price chart's further move is indefinite. The trading ranges of EUR/USD are still located in 1.10 – 1.13. There might be some short-term trends, which gives traders a great chance to make profit. In a long-term perspective we recommend to prevent opening any positions until a clear trend appears. The nearest resistance level is still located at 1.1343. In case of decline, the important support level is located at 1.1059.

As to the Eurozone, the Consumer price index, the German unemployent change and the Manufacturing PMI reports will be released. There will be a lot of important data for the USA. We recommend to pay attention to the CB Consumer confidence, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.1343.

- in case of fall, we recommend to sell down to 1.1059.

We recommend: TO AWAIT

 

GBP/USD

GBP/USD has actively decreased in value and has fallen down to the 1.40 mark. Afterwards the asset's price chart changed its direction due to the positive data for the UK. The pair has tendencies for a further growth. Nevertheless, GBP/USD continues to locate in the 1.40 – 1.42 trading ranges. There will be a lot of fundamental data during the whole week, therefore there might be various short-term and long-term trends. The nearest resistance and support levels are located at 1.4227 and 1.4053. If the 1.4227 level is breached, the pair can reach its 2-month high at 1.4514.

The important UK reports will be published only in the end of the week, such as the GDP data and the Manufacturing PMI. There will be a lot of important data for the USA. We recommend to pay attention to the CB Consumer confidence, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.4227 and higher.

- in case of decline, we recommend to sell down to 1.4053 and lower.

We recommend: TO BUY

 

AUD/USD

AUD/USD is still located in the upward trend, but currently trades in a narrow range. The pair has slightly decreased in value and reached the 0.75 mark, but some positive moves are already seen at the moment. Nevertheless, we recommend traders to open long-term trades only when a clear trend occurs. The nearest resistance level is still located at 0.7680. The support level hasn’t changed and locates at 0.7415. During the whole week the pair’s value will directly depend on the US economic releases.

There will be only some secondary reports for Australia. There will be a lot of important data for the USA. We recommend to pay attention to the CB Consumer confidence, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

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

- in case of decrease, (the USD strengthening), we recommend to sell down to 0.7415.

We recommend: TO AWAIT

 

USD/JPY

USD/JPY has shown an intense rise because of the USD's strengthening. USD/JPY has increased by 2 points and keeps perspectives for a further growth. The moving averages still stay upwards. The pair currently trades in the 112-114 ranges. In case of further growth, the nearest resistance level will be located at 114.14. In case of a trend reversal, we recommend to pay attention to the important support level at 112.31. There might be lots of various trends during this week. We recommend traders to follow the price chart's next move.

As to Japan, the Tankan Large Manufacturers and Non-Manufacturers indices will be released on Friday. There will be a lot of important data for the USA. We recommend to pay attention to the CB Consumer confidence, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of growth, we recommend to buy up to 114.14.

- in case of fall, we recommend to sell down to 112.31.

We recommend: TO BUY

 

USD/CHF

USD/CHF trades in a narrow range, but showed the prolonged rise due to the USD’s strengthening. USD/CHF’s value is not leaving the 0.96 – 0.97 trading ranges. A slight trend reversal is currently seen, therefore USD/CHF can easily return to its minimum values. In that case, the nearest support level still will be located at 0.9650. In case of further rise, we recommend to pay attention to the important resistance level at 0.9787. In case of any positive tendencies, that level might be easily breached, which can lead to active purchases among traders.

There will be only some secondary reports for Switzerland. There will be a lot of important data for the USA. We recommend to pay attention to the CB Consumer confidence, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of decline, we recommend to sell down to 0.9650.

- in case of rise, we recommend to buy up to 0.9787 and higher.

We recommend: TO AWAIT

 

GOLD

Gold has shown the sharp and prolonged decline by falling from the 1260 level down to 1208. The asset has reached its 5-week low due to the USD's strengthening. The currency's rise was caused by the expectations of the US Interest rate decision. Nevertheless, the price chart showed a trend reversal in the end of the last week. The asset's value changed its direction after the negative data for the USA. There might be a further increase. In that case, we recommend to pay attention to the nearest resistance level at 1234.98. In case of further fall, the nearest support level is located at 1208.02. With any negative tendencies that level can be easily breached.

There will be a lot of important data for the USA. We recommend to pay attention to the CB Consumer confidence, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of increase, we recommend to buy up to 1234.98.

- in case of fall, we recommend to sell down to 1208.02 and lower.

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