Trading tactics for 25.04.2016 - 29.04.2016

EUR/USD

EUR/USD in the beginning of the last week showed an intense growth, which was caused by the ECB's Interest rate decision. The asset had reached the 1.14 mark, but then the trend became negative and the pair returned to its previous values. Now the EUR/USD's price contnues to fall due to the strengthening of the American dollar. The nearest support level is located at 1.1218, but there's a high possibility that the level will be breached. A new phase of decline can begin. If EUR/USD changes its direction, we recommend to pay attention to the nearest resistance level at 1.1310.

As to the Eurozone, the Consumer price index will be released, and also some important reports for Germany – the IFO Business Climate index and the Unemployment change. A lot of fundamental data for the USA is expected. On Wednesday the Interest rate decision will be announced, and on Thursday – the GDP reports for the 1st quarter of 2016. Among other economic reports it's worth paying attention to the СВ Consumer confidence and the Crude oil inventories.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.1310 and higher.

- in case of fall, we recommend to sell down from 1.1218 and lower.

We recommend: TO SELL

 

GBP/USD

GBP/USD has also shown an intense rise. The pair has succeeded to grow from the 1.41 mark up to 1.44, due to the announcement of the Head of the Bank of England to keep the interest rate on the previous level. Nevertheless, the release of the positive US reports in the end of the last week has affected the prie chart. Now the pair continues to rise, but because of the USD strengthening there might be a trend reversal. A lot of various tendencies is expected on this week. The important resistance and support levels are located at 1.4452 and 1.4299.

On Wednesday the GDP reports for the UK will be released. A lot of fundamental data for the USA is expected. On Wednesday the Interest rate decision will be announced, and on Thursday – the GDP reports for the 1st quarter of 2016. Among other economic reports it's worth paying attention to the СВ Consumer confidence and the Crude oil inventories.

Binary Option Trading Tactic:

- in case of increase, we recommend to buy up to 1.4452 and higher.

- in case of fall, we recommend to sell down to 1.4299 and lower.

We recommend: TO BUY

 

AUD/USD

AUD/USD has formed a new maximum value at 0.7834, which was influenced by the AUD's strengthening. But in the end of the last week, the price chart changed its direction due to the USD's growth. The negative trend occured, and AUD/USD had fallen down to 0.77. Moving averages stay down, therefore the asset can continue to fall. In that case, we recommend to pay attention to the nearest support level at 0.7630. During this week a lot of important US reports will be released, therefore there might be a trend reversal. The nearest resistance level is located at 0.7834.

As to Australia, the Consumer price index report will be published. A lot of fundamental data for the USA is expected. On Wednesday the Interest rate decision will be announced, and on Thursday – the GDP reports for the 1st quarter of 2016. Among other economic reports it's worth paying attention to the СВ Consumer confidence and the Crude oil inventories.

Binary Option Trading Tactic:

- in case of growth, we recommend to buy up to 0.7834.

- in case of decline (the USD strengthening), we recommend to sell down to 0.7630 and lower.

We recommend: TO SELL

 

USD/JPY

USD/JPY had been trading in a narrow range, but due to the USD's strengthening, the asset's price chart is showing the positive trend. The pair has risen from the 109 level up to 111. With such dynamics, the nearest resistance level at 111.78 can be easily breached, which will undoubtely lead to further growth. Traders have a great chance to open profitable long-term trades. During this week the pair's value will directly depend on the US economic reports. Therefore there might be new highs and lows. The nearest support level is located at 109.27.

There will be only some secondary data for Japan. A lot of fundamental data for the USA is expected. On Wednesday the Interest rate decision will be announced, and on Thursday – the GDP reports for the 1st quarter of 2016. Among other economic reports it's worth paying attention to the СВ Consumer confidence and the Crude oil inventories.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy from 111.78 and higher.

- in case of decrease, we recommend to sell down to 109.27.

We recommend: TO BUY

 

USD/CHF

USD/CHF has shown the positive clear dynamics on background of the USD's strengthening. The pair has risen from the 0.95 mark up to 0.98 and still keeps perspectives for a further increase. The nearest resistance level is located at 0.9798, but with such pace that level can be easily breached. On expectations of the US economic reports and at the time of its releases, USD/CHF can show a lot of various trends, which gives a good chance to make profit. With any negative data, we recommend to pay attention to the nearest support level at 0.9647.

There will be only some secondary reports for Switzerland. A lot of fundamental data for the USA is expected. On Wednesday the Interest rate decision will be announced, and on Thursday – the GDP reports for the 1st quarter of 2016. Among other economic reports it's worth paying attention to the СВ Consumer confidence and the Crude oil inventories.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9647.

- in case of rise, we recommend to buy from 0.9798 and higher.

We recommend: TO BUY

 

GOLD

Gold reached its high at 1269, but afterwards started to actively fall. The USD's strengthening has immediately reflected on the price chart's move. With in 2 days the asset fell from the 1269 mark down to 1229 and still continues to decline. The clear negative trend gives a great opportunity to open profitable long-term trades. That's why we recommend traders to pay a lot of attention to the asset's price chart on this week, since a lot of US data is expected. The important resistance and support levels are located at 1252.10 and 1223.48.

A lot of fundamental data for the USA is expected. On Wednesday the Interest rate decision will be announced, and on Thursday – the GDP reports for the 1st quarter of 2016. Among other economic reports it's worth paying attention to the СВ Consumer confidence and the Crude oil inventories.

Binary Option Trading Tactic:

- in case of growth, we recommend to buy up to 1252.10.

- in case of decline, we recommend to sell down to 1223.48 and lower.

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.