Trading tactics for 04.04 - 08.04

EUR/USD

EUR/USD has shown an intense growth, by rising from the 1.11 level up to 1.14, because of the positive data for the Eurozone and the negative US reports. The pair has formed a new high at 1.1437, which is also its important resistance level. EUR/USD still keeps positive tendencies, which can lead to its further move along the upward trend. There might be new maximum values and active purchases among traders. In case of a trend reversal we recommend to pay attention to the nearest support level at 1.1169.

On Thursday the ECB President Draghi will perform a speech, which will cause some short-term tendencies. As to the USA, we recommend to pay attention to the ISM Non-Manufacturing PMI, the Crude oil inventories and the FOMC Meeting minutes.

Binary Option Trading Tactic:

- in case of increase, we recommend to buy up to 1.1437 and higher.

- in case of fall, we recommend to sell down to 1.1169.

We recommend: TO BUY

 

GBP/USD

GBP/USD is actively decreasing in value. The pair has fallen by 2 points due to the various economic data, despite the GDP reports for the UK were positive. The pair's value has stopped at 1.42 and keeps perspectives for a further fall. In case of decrease, we recommend to pay attention to the nearest support level at 1.4056. If the price chart of GBP/USD changes its direction, the nearest resistance level will locate at 1.4405. There might be new short-term and long-term trends during this week.

As to the UK, the Construction PMI, the Services PMI and the Manufacturing production reports will be released. As to the USA, we recommend to pay attention to the ISM Non-Manufacturing PMI, the Crude oil inventories and the FOMC Meeting minutes.

Binary Option Trading Tactic:

- in case of growth, we recommend to buy up to 1.4405.

- in case of decrease, we recommend to sell down to 1.4056.

We recommend: TO SELL

 

AUD/USD

AUD/USD continues to locate in the upward trend. The pair has succeeded to form a new 3-month high, by reaching the 0.7721 level. But it’s worth noting, that AUD/USD currently trades in a narrow range. The price chart’s further move is indefinite. The pair has started to slightly decrease in value last Friday on background of the positive US data, but then the trend became positive again. We recommend traders to prevent opening any long-term trades until a clear trend appears. The nearest resistance and support levels are located at 0.7597 and 0.7721.

On Tuesday the Interest rate decision for Australia will be announced, which will define the further value of the Australian dollar. Also the Retail sales report will be released. As to the USA, we recommend to pay attention to the ISM Non-Manufacturing PMI, the Crude oil inventories and the FOMC Meeting minutes.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 0.7721 and higher.

- in case of decrease (the USD strengthening), we recommend to sell down to 0.7597 and lower.

We recommend: TO AWAIT

 

USD/JPY

USD/JPY has started to actively decline because of the high unemployment rate for Japan and several positive reports for the USA. USD/JPY dropped by 2 points, and stopped at the 111 mark. The asset keeps negative tendencies. In that case the pair can quickly reach its 3-month low at 110.67, which is still the pair's nearest support level. During the whole week the USD/JPY’s value will directly depend on the US economic releases. In case of a trend reversal, we recommend to pay attention to the nearest resistance level at 113.82.

There will be only some secondary data for Japan. As to the USA, we recommend to pay attention to the ISM Non-Manufacturing PMI, the Crude oil inventories and the FOMC Meeting minutes.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 113.82.

- in case of fall, we recommend to sell down to 110.67.

We recommend: TO SELL

 

USD/CHF

USD/CHF continues to actively decrease in value. The trading ranges of USD/CHF are located in 0.95 – 0.97. The pair has formed a new low at 0.9558, which is also the nearest support level. The asset's price locates very close to its mark, therefore there's a high possibility, that this barrier will be breached. In that case USD/CHF can form a new minimum value, which can lead to active sales among traders. If the price chart changes its direction, we recommend to pay attention to the nearest resistance level at 0.9761.

There will be no important data for Switzerland. As to the USA, we recommend to pay attention to the ISM Non-Manufacturing PMI, the Crude oil inventories and the FOMC Meeting minutes.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9558 and lower.

- in case of rise, we recommend to buy up to 0.9761.

We recommend: TO SELL

 

GOLD

Gold continues to fall in price due to the expectations of the US Unemployment rate report. The asset's trading ranges are located in 1207 – 1243. Gold has decreased down to the 1207.83 mark, and has created a new 2-month low. Afterwards the asset reached the 1221 level, but the price chart still remains in the downtrend. In case of further reduction, we recommend to pay attention to the nearest support level at 1207.83. Nevertheless, according to the forecasts, the asset soon will start to actively increase in value and be able to reach the $1300 mark. In case of rise, the nearest resistance level will locate at 1243.66.

As to the USA, we recommend to pay attention to the ISM Non-Manufacturing PMI, the Crude oil inventories and the FOMC Meeting minutes.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1243.66.

- in case of decline, we recommend to sell down to 1207.83.

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.