Trading tactics for 12.04 - 15.04

EUR/USD

EUR/USD continues to trade in the upward trend. The pair is located near the 1.14 level, but in the long-term perspective it still trades in a narrow range. The asset's price chart has no changes since the end of the last month. We recommend traders to open only short-term trades until a clear trend appears. The nearest resistance level is located at 1.1454. In case of fall, we recommend to pay attention to the important support level at 1.1327. The price chart might continue to move in the same trading range.

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

Binary option trading tactic:

- in case of rise, we recommend to buy up to 1.1454 and higher.

- in case of fall, we recommend to sell down to 1.1327 and lower.

We recommend: TO AWAIT

 

GBP/USD

GBP/USD is showing a trend reversal. The pair had fallen down to 1.4005, but afterwards changed its direction. Now the GBP/USD’s value is located near the 1.41 mark and keeps perspectives for a further growth. In the end of this week there will be the fundamental data for the UK, therefore many traders expect to see various short-term and long-term trends. There also might be a very high activity among traders. The nearest resistance and support levels are located at 1.4173 and 1.4005.

On Thursday the Interest rate decision for the UK will be announced, and will define the further value of the British pound. As to the USA, we recommend to pay attention to the Core retail sales, the Producer price index, the Crude oil inventories and the Core CPI.

Binary option trading tactic:

- in case of growth, we recommend to buy up to 1.4173 and higher.

- in case of fall, we recommend to sell down to 1.4005 and lower.

We recommend: TO BUY

 

AUD/USD

AUD/USD trades positively. On expectations of the Interest rate decision for Australia and after the results had been published, the pair showed several positive and negative trends. The data remained on the previous level, and currently AUD/USD is located in the upward trend with tendencies for a further increase. There's a possibility, that the asset will return to its maximum values for this year. The nearest resistance and support levels are located at 0.7638 and 0.7492.

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

Binary option trading tactic:

- in case of increase, we recommend to buy up to 0.7638 and higher.

- in case of decline (the USD strengthening), we recommend to sell down to 0.7492 and lower.

We recommend: TO BUY

 

USD/JPY

USD/JPY continues to actively decrease in value. The pair has formed a new 3-month low at 107.65. The asset’s price is still falling, therefore there might be new minimum values. It could be also a trend reversal, since there will be a lot of important US statistics during the week. But currently traders are actively increasing the sales volume. The nearest support level is located at 107.65. There’s a high possibility, that this level will be breached. In case of rise, we recommend to pay attention to the important resistance level at 110.55.

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

Binary option trading tactic:

- in case of growth, we recommend to buy up to 110.55.

- in case of decrease, we recommend to sell down to 107.65 and lower.

We recommend: TO SELL

 

USD/CHF

USD/CHF continues to actively decrease in value. The pair is still located in the 0.95 – 0.96 trading ranges. Despite the negative trend, USD/CHF is not showing any strong fluctuations. The pair has formed a new low at 0.9516, and it's previous minimum value was at 0.9558. We recommend traders to choose an expiration time from one day and longer, or to open preferably short-term trades, if a new trend appears. The nearest resistance and support levels are located at 0.9663 and 0.9516.

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

Binary option trading tactic:

- in case of fall, we recommend to sell down to 0.9516 and lower.

- in case of rise, we recommend to buy up to 0.9663.

We recommend: TO SELL

 

GOLD

Gold's value is actively growing, which was definitely affected by the Fed's policy not to increase the US Interest rate decision. The asset keeps positive tendencies, but we recommend traders to pay their special attention to the price chart's next move, since the worldwide demand on Gold and the import volumes are reducing. The nearest resistance level is located at 1251.76. In case of any positive data, that level might be easily breached and the asset will continue to move along the upward trend. If the trend reverses, the nearest support level will locate at 1229.32.

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

Binary option trading tactic:

- in case of rise, we recommend to buy up to 1251.76 and higher.

- in case of decline, we recommend to sell down to 1229.32.

We recommend: TO BUY

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.