Trading tactics for 07.05.2018 - 11.05.2018

EUR/USD

During the whole week, EUR/USD pair was trading differently, but towards the end of the week, the pair closed in a narrow corridor at the level of 1.1953.  The nearest resistance levels are located at levels 1.1974 and 1.2036. The nearest support level is located at 1.1911.

As for Europe, there will be no important events.


As for the USA, pay attention to JOLTs Job Openings (Mar), Crude Oil Inventories, PPI (MoM) (Apr) and Core  CPI (MoM) (Apr).

 

Binary Option Trading Tactic:

  • In case of rise, we recommend to buy up to 1.2036
  • In case of fall, we recommend to sell down to 1.1911

 

General recommendation: TO AWAIT

 

 

GBP/USD

Last week, GBP/USD pair traded differently and closed at the level of 1.3533.  The nearest resistance levels are located at 1.3588 and 1.3698. The nearest support level is located at 1.3488.

As for Britain, pay attention to Manufacturing Production (MoM), (Mar), BoE Inflation report and BoE Interest Rate Decision (May).


As for the USA, pay attention to JOLTs Job Openings (Mar), Crude Oil Inventories, PPI (MoM) (Apr) and Core  CPI (MoM) (Apr).

 

 

Binary Option Trading Tactic:

  • In case of rise, we recommend to buy up to 1.3698
  • In case of fall, we recommend to sell down to 1.3488

 

General recommendation: TO SELL

 

AUD/USD

All last week, AUD/USD pair was trading differently and closed at the level of 0.7531. The nearest resistance level is located at 0.7558. The nearest support levels are located at 0.7518 and 0.7471.

As for Australia, pay attention to Retail Sales (MoM) (Mar).


As for the USA, pay attention to JOLTs Job Openings (Mar), Crude Oil Inventories, PPI (MoM) (Apr) and Core  CPI (MoM) (Apr).

 


Binary Option Trading Tactic:

  • In case of rise, we recommend to buy up to 0.7558
  • In case of fall, we recommend to sell down to 0.7471

 

General recommendation: TO BUY

 

USD/JPY

USD/JPY pair was trading differently and closed at the level of 109.07. The nearest resistance levels are located at 109.25 and 109.97. The nearest support level is located at 108.63.

As for Japan, there will be no important events.


As for the USA, pay attention to JOLTs Job Openings (Mar), Crude Oil Inventories, PPI (MoM) (Apr) and Core  CPI (MoM) (Apr).

 

Binary Option Trading Tactic:

  • In case of rise, we recommend to buy up to 109.97
  • In case of fall, we recommend to sell down to 108.63

 

General recommendation: TO AWAIT

 

USD/CHF

All last week, USD/CHF pair was trading differently. The pair closed at the level of 1.0007. Important resistance level is located at 1.0019. The nearest support levels are located at 0.9973 and 0.9926.
 

As for Switzerland, there will be no important events. 


As for the USA, pay attention to JOLTs Job Openings (Mar), Crude Oil Inventories, PPI (MoM) (Apr) and Core  CPI (MoM) (Apr).

 

Binary Option Trading Tactic:

  • In case of rise, we recommend to buy up to 1.0019
  • In case of fall, we recommend to sell down to 0.9926

 

General recommendation: TO BUY

 

GOLD

GOLD was trading differently and closed at the level of 1313. Important resistance level is located at 1317. The nearest support levels are located at 1310 and 1301.

Binary Option Trading Tactic:

  • In case of rise, we recommend to buy up to 1317
  • In case of fall, we recommend to sell down to 1301

 

General recommendation: TO BUY

Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.