Trading tactics for 15.12 - 19.12

EUR/USD

EUR/USD attempted to breach 1.24451 but did not succeed. Because of intense selling of the asset the price chart decreased down to 1.23737. A new attempt to reach the formed technical barrier can lead to a new phase of selling.

Out of important events on this week, we would like to pay your attention to a press conference of the FOMC and publication of FOMC rate data.

Trading tactics for binary options look as follows:

- In case of selling, a target down to 1.22368 will be opened.

- In case of purchases, a target up to 1.24451 will be opened.

We recommend: TO AWAIT.

 

GBP/USD

The asset still trades uncertainly. The attempt to breach the technical barrier at 1.56071 did not give any results. Because of the new phase of purchases, the price chart has reached the resistance level at 1.57338. Such trading signal is telling that traders don’t want to risk and leave out of the formed levels.

On this week we recommend to pay attention to the Unemployment rate and Retail Sales report for the UK.

Trading tactics for binary options look as follows:

- In case of selling, a target down to 1.56071 will be opened.

- In case of purchases, the price chart can go up to 1.57338 and 1.58838.

We recommend: TO AWAIT.

 

AUD/USD

The asset is quickly falling. The price was consolidating and it was a good signal to sell the asset. Besides that, the price chart has entered the trading range between 0.83439 – 0.82360. If the price chart leaves out of these levels, it will be a good signal to open a successful deal.

The Australian Monetary Policy Meeting Minutes will be one of the most important financial news on this week and can affect the currency pair.

Trading tactics for binary options look as follows:

- In case of intense selling, a target down to 0.80995 will be opened.

- In case of purchases, a target up to 0.83439 will be opened.

We recommend: TO SELL.

 

USD/JPY

The pair has taken a pause against its intense rise during a few months. A secure level, which will prevent a further fall is located at 118.66. A new phase of purchases can open a target up to 121.60.

Trading tactics for binary options look as follows:

- A rise up to 118.66 will give a signal to buy the asset.

- New sales can decrease the price chart down to 116.74.

We recommend: TO BUY.

 

GOLD

There are two directions, Gold can possibly move to. The first target, the price chart can decrease to, is the technical barrier at 1235.52. A new phase of purchases can make the pair grow up to 1252.17. A rise of trading activity is considered to happen on background of the FOMC press conference.

Trading tactics for binary options look as follows:

- If Gold has reached 1235.52, there will be new purchases up to 1252.17.

- Possible sales will open a target down to 1205.86.

We recommend: TO BUY.

 

SP500

The asset is falling against the certain upward trend. A breach of the technical barrier at 2022.3 can bring more sales. Just like for other assets, the FOMC press conference will be a very important event. Therefore a rise of trading activity is considered to happen on background of such financial release.

Trading tactics for binary options look as follows:

- If 2022.3 has been reached, a new target down to 1975.0 will open.

- In case of purchases, the price chart can reach to 2052.3.

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.