Trading tactics for 18.04.2016 - 22.04.2016

EUR/USD

EUR/USD during the last week had shown an active decline of 2-points. The main reason for the decrease was the USD's strengthening. But it's worth noting, that now the pair's price chart is showing an upward trend, therefore there's a possibility, that EUR/USD will return to its maximum values. In case of further growth, we recommend to pay attention to the nearest resistance level at 1.1466. In case of a trend reversal, the nearest support level will locate at 1.1235. The fundamental data for the Eurozone is expected, therefore there might be strong price fluctuations.

This Thursday the Interest rate decision for the Eurozone will be announced, and will define the further value of the euro. The German ZEW economic sentiment report also will be released. As to the USA, we recommend to pay attention to the Building permits, the Existing home sales, the Crude oil inventories and the Philadelphia Fed Manufacturing index.

Binary Option Trading Tactic:

- in case of growth, we recommend to buy up to 1.1466.

- in case of fall, we recommend to sell down to 1.1235 and lower.

We recommend: TO BUY

 

GBP/USD

GBP/USD has shown various tendencies on background of the Interest rate decision for the UK. The data has remained on the previous level, but the pair succeeded to reach the 1.43 mark and afterwards to fall down to 1.40. Now the GBP/USD’s value is located near the 1.42 level, and keeps perpectives for a furher increase. If the asset continues to further move along the upward trend, we recommend to pay attention to the nearest resistance level at 1.4349. There might be active purchases among traders. If the trend reverses, the nearest support level will locate at 1.4006.

As to the UK, the Labor market news block and the Retail sales report will be released. As to the USA, we recommend to pay attention to the Building permits, the Existing home sales, the Crude oil inventories and the Philadelphia Fed Manufacturing index.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.4349.

- in case of decrease, we recommend to sell down to 1.4006.

We recommend: TO BUY

 

AUD/USD

AUD/USD continued to actively increase in value, which made the pair reach its high at 0.7736, which is also its important resistance level. The pair's price is located very close to this barrier, therefore there's a high possibility, that it will be breached. In that case the asset will continue to move along the upward trend, which will lead to new maximum values. If the American dollar strengthens, the AUD/USD’s price chart can change its direction. The nearest support level is located at 0.7619.

There will be no important data for Australia. As to the USA, we recommend to pay attention to the Building permits, the Existing home sales, the Crude oil inventories and the Philadelphia Fed Manufacturing index.

Binary Option Trading Tactic:

- in case of increase, we recommend to buy up to 0.7736 and higher.

- in case of fall (the USD strengthening), we recommend to sell down to 0.7619.

We recommend: TO BUY

 

USD/JPY

USD/JPY during the last week had slightly increased in value, which was affected by the USD’s strengthening, but afterwards the pair returned to its minimum values. USD/JPY continues to decline, which can lead to active sales among traders. In that case the nearest support level at 107.64 can be breached. During the whole week the asset's price will directly depend on the US economic releases. In case of any positive US data, the price chart can change its direction. In that case we recommend to pay attention to the nearest resistance level at 109.72.

Only some secondary data for Japan will be released. As to the USA, we recommend to pay attention to the Building permits, the Existing home sales, the Crude oil inventories and the Philadelphia Fed Manufacturing index.

Binary Option Trading Tactic:

- in case of growth, we recommend to buy up to 109.72 and higher.

- in case of fall, we recommend to sell down to 107.64 and lower.

We recommend: TO SELL

 

USD/CHF

USD/CHF has shown an increase after the US positive data. The pair has succeeded to reach the 0.9689 mark, which is also its important resistance level. In a long-term perspective, USD/CHF is now trading in a narrow range. We recommend traders to pay a lot of attention to the pair's price chart at those moments when the imporatnt US reports will be about to release, since there's a high possibility, that this level will be breached. If the American dollar weakens, the nearest support level will locate at 0.9499. It's not excluded, that the price chart will continue to move in the narrow range.

Only some secondary data for Switzerland will be released. As to the USA, we recommend to pay attention to the Building permits, the Existing home sales, the Crude oil inventories and the Philadelphia Fed Manufacturing index.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9499.

- in case of rise, we recommend to buy up to 0.9689 and higher.

We recommend: TO AWAIT

 

GOLD

Gold has been trading positively since the end of the last week. The price chart's moves have fully reflected the changes in the American dollar's value. The asset fell from the 1262 mark down to 1223 after the positive US data. Then the sharp trend reversal appeared, as soon as the currency started to weaken. There might be a further move along the upward trend. In that case the nearest resistance level will locate at 1262.38. Since a lot of US data will be published on this week, the asset can also start to decline. With any negative tendencies, we recommend to pay attention to the important support level at 1223.50.

As to the USA, we recommend to pay attention to the Building permits, the Existing home sales, the Crude oil inventories and the Philadelphia Fed Manufacturing index.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1262.38.

- in case of decline, we recommend to sell down to 1223.50 and lower.

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.