Trading tactics for 17.11 - 21.11

EUR/USD

EUR/USD trades without any certain direction, which means the market is expecting important financial news. Besides that, the asset does not want to go below the support level at 1.24405. Because of such location, the pair could go up to 1.25975.

Out of various important financial news we would like to pay your attention to the FOMC protocol and PMI reports in many European countries. On background of those releases, interest to buy and sell the asset will increase.

Trading tactics for binary option look as follows:

- In case of rise of EUR/USD, we recommend to buy it from 1.24405.

- In case of breaching of the 1.24405 level, we recommend to sell down to 1.22368.

We recommend: TO AWAIT.

 

GBP/USD

The price chart for GBP/USD has taken a pause at 1.57338. If the British pound continues to be sold on the market, it will be a good signal to trade binary options. The price chart can demonstrate even lower levels.

Out of various important financial news for the UK, we would like to pay your attention to the Consumer Price Index that will be released on Tuesday. Negative results can cause a further selling of the asset.

Trading tactics for binary options look as follows:

- Intense selling will open a target down to 1.54449.

- Intense buying will open a target up to 1.58838.

We recommend: TO SELL lower than 1.57338.

 

USD/JPY

USD/JPY tends to await and shows no tendencies to rise. There’s a stable upward trend at the moment and buying of the asset will be mostly focused on when trading. If the Japanese yen has breached the strong price barrier at 115.97, it will give an effective signal for increasing in value.

Trading tactics for binary options look as follows:

- In case of confident breach of 115.97, buying of USD/JPY will continue.

- In case of selling, the value will not go lower than 114.94.

We recommend: TO BUY higher than 115.97.

 

AUD/USD

AUD/USD has started to trade sideways again. Therefore the asset has now a perspective to strengthen in a trading range between 0.88990 and 0.86846. Intense buying of the asset will give a confident goal to rise up to 0.88081.

Trading tactics for binary options look as follows:

- the asset could perform a further rise up to 0.88081.

- In case of selling, AUD/USD can stop trading near 0.86846.

We recommend: TO BUY higher than 0.86846.

 

GOLD

The price chart for GOLD trades near 1164.97. It’s important to notice that the level is currently essential. In case of confident rise, a target up to 1185.43 can be formed, which will only enhance a sentiment to buy the asset among traders.

Trading tactics for binary options look as follows:

- If the 1164.97 level has been breached, a new target to further increase will open.

- In case of selling, we recommend to orientate on 1139.54.

We recommend: TO AWAIT or TO BUY.

 

SP500

SP500 does not tend to rise further. The important support level is located at 2022.3. Nevertheless, if the price chart demonstrates a fall, that value will be a perspective goal.

Trading tactics for binary options look as follows:

- If the 2022.3 level has been breached, a target to decrease down to 1975.0 will open.

- In case of buying, the price chart will reach 2060.2.

We recommend: TO AWAIT.

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.