Trading tactics for 02.05.2016 - 06.05.2016

EUR/USD

 

EUR/USD is showing a very positive trend, which was caused by the USD's weakening. The pair has renewed its 4-month high. The announcement of the US Interest rate decision and the GDP data led to the currency's decrease. EUR/USD has risen by 2 points and still continue to grow. Traders have a great chance to earn money on a further increase. The nearest resistance level is located at 1.1459, which is very close to the current EUR/USD’s value, therefore there's a high possibility, that the level will be breached. In case of a trend reversal, the nearest support level will be located at 1.1336.

As to the Eurozone, the German Manufacturing PMI report will be released. As to the USA, we recommend to pay attention to the ISM Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy from 1.1459 and higher.

- in case of fall, we recommend to sell down to 1.1336.

We recommend: TO BUY

 

GBP/USD

GBP/USD has significantly increased in value, just like the most of the pairs. GBP/USD has grown by 4 points and still keeps tendencies for a further rise. The nearest resistance level is located at 1.4671. The level can be easily breached, which will lead to new maximum values. In case of any negative data for the UK or any positive data for the USA, the price chart can change its direction. The nearest support level is still located at 1.4299.

As to the UK, the Manufacturing and Construction PMI reports will be released. As to the USA, we recommend to pay attention to the ISM Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy from 1.4671 and higher.

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

We recommend: TO BUY

 

AUD/USD

AUD/USD trades without a certain trend. The pair's price chart has changed its direction several times due to the various economic data for Australia and the USD's weakening. A new trend reversal is currently seen, and AUD/USD has started to gradually fall. On this week we recommend to pay a lot of attention to the pair's next move, since the fundamental data for Australia will be released. The important resistance and support levels are located at 0.7669 and 0.7547. Due to this economic data the levels can soon be breached.

On Tuesday the Interest rate decision for Australia will be announced and will define the further value of the Australian dollar. Also the Retail sales report will be published. As to the USA, we recommend to pay attention to the ISM Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 0.7669 and higher.

- in case of fall (the USD strengthening), we recommend to sell down to 0.7547 and lower.

We recommend: TO SELL

 

USD/JPY

USD/JPY has renewed its 4-month low, by falling down to the 106.65 mark, which now is also the pair's important support level. The negative dynamics were caused by the USD's weakening. The level can be easily breached and might cause active sales among investors. Traders have a possibility to open profitable long-term trades. During this week the pair's price will still directly depend on the US economic releases. In case of a trend reversal the important resistance level will locate at 109.05.

There will be no economic data for Japan. As to the USA, we recommend to pay attention to the ISM Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 109.05.

- in case of fall, we recommend to sell from 106.65 and lower.

We recommend: TO SELL

 

USD/CHF

USD/CHF has returned to its minimum values near the 0.95 level. During the last week the pair's price has dropped by 2 points. Moving averages still stay down, which show a further decrease and give traders a great chance to make good money. The nearest support level is located at 0.9567 and can be easily breached. In case of a trend reversal, the nearest resistance level will locate at 0.9798.

There will be only some secondary data for Switzerland. As to the USA, we recommend to pay attention to the ISM Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9567 and lower.

- in case of rise, we recommend to buy up to 0.9798.

We recommend: TO SELL

 

GOLD

Gold has shown an intense growth by renewing its 4-month high at 1296. The asset has fully reflected the reduction in the American dollar's value and has formed the clear positive trend. The further move along the upward trend will lead to new maximum values. According to analysts' forecasts, Gold can reach the 1300 mark. In case of a trend reversal we recommend to pay attention to the nearest support level at 1252.88.

As to the USA, we recommend to pay attention to the ISM Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1296.36 and higher.

- in case of fall, we recommend to sell down to 1252.88.

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.