Trading tactics for 09.05.2016 - 13.05.2016

EUR/USD

EUR/USD during the last week had decreased by 3 points, and reached the 1.1386 mark, which is also the pair's important support level. The level can be easily breached, which can lead to active sales. Now the price chart is showing a slight trend reversal. There might be new positive tendencies. The important data will be published only in the end of this week, therefore the asset might move in a narrow range. In case of rise, we recommend to pay attention to the important resistance level at 1.1617.

On Friday the German GDP report for the 1st quarter of 2016 will be released. As to the USA, we recommend to pay attention to the Crude oil inventories, the Core retail sales and the Producer price index.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.1617.

- in case of fall, we recommend to sell down to 1.1386 and lower.

We recommend: TO AWAIT

 

GBP/USD

GBP/USD has also shown the decline due to the USD's strengthening. The pair's value has dropped from the 1.47 level down to 1.44 and still keeps the negative tendencies. In case of further fall of GBP/USD, we recommend to pay attention to the important support level at 1.4300. In the end of this week the fundamental UK data will be published, therefore there might be new short-term and long-term tendencies. In case of a trend reversal, the important resistance level will locate at 1.4769.

On Thursday the Interest rate decision for the UK will be announced and will define the further value of the British pound. Also the Manufacturing production and the BoE Inflation reports will be released. As to the USA, we recommend to pay attention to the Crude oil inventories, the Core retail sales and the Producer price index.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.4769.

- in case of fall, we recommend to sell down to 1.4300 and lower.

We recommend: TO SELL

 

AUD/USD

AUD/USD has shown the clear negative trend due to the announcement of the Interest rate decision. The Reserve Bank of Australia has set the rate below the previous level, which has negatively affected the Australian dollar's value. The pair dropped from its high at 0.77 down to the 0.73 mark. The nearest support level is located at 0.7336 and can be easily breached, since AUD/USD continues to actively decrease in value, which gives traders a great chance to make money. The important resistance level is located at 0.7512.

Only some secondary data for Australia will be released. As to the USA, we recommend to pay attention to the Crude oil inventories, the Core retail sales and the Producer price index.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 0.7512.

- in case of fall (the USD strengthening), we recommend to sell down to 0.7336 and lower.

We recommend: TO SELL

 

USD/JPY

USD/JPY has formed the new minimum value at 105.56, which is also the pair's nearest support level. The asset during the last week traded without any clear tendencies in the 106-107 range. We recommend traders not to open any long-term positions until a clear trend appears. A prolonged move in a narrow range is not excluded, since the US important data will be published only in the end of this week. The important resistance level is located at 108.37.

There will be no important data for Japan. As to the USA, we recommend to pay attention to the Crude oil inventories, the Core retail sales and the Producer price index.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 108.37 and higher.

- in case of fall, we recommend to sell down to 105.56 and lower.

We recommend: TO AWAIT

 

USD/CHF

USD/CHF has formed the clear positive trend, which gives traders a great chance to earn money. The pair has almost reached its maximum value at 0.9797 and still keeps tendencies for a further growth. The asset's trading ranges are located in 0.95 – 0.97. USD/CHF’s price during this week will directly depend on the US economic releases. With any negative tendencies we recommend to pay attention to the important support level at 0.9574.

Only some secondary data for Switzerland will be released. As to the USA, we recommend to pay attention to the Crude oil inventories, the Core retail sales and the Producer price index.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9574.

- in case of rise, we recommend to buy up to 0.9797.

We recommend: TO BUY

 

GOLD

Gold has fully reflected the changes in the American dollar's value. The asset has dropped from its high at 1303 down to the 1268 mark, but in the end of the week reached the 1292 level. It still has tendencies for a further growth. In case of further move along the upward trend, Gold can reach its maximum value at 1303.41, which is also the pair's nearest resistance level. With any negative tendencies we recommend to pay attention to the important support level at 1268.69. It's not excluded, that the asset will move in a narrow range.

As to the USA, we recommend to pay attention to the Crude oil inventories, the Core retail sales and the Producer price index.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1303.41 and higher.

- in case of fall, we recommend to sell down to 1268.69 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.