Trading tactics for 19.01 - 23.01

EUR/USD

EUR/USD has showed a new phase of falling. The price chart has reached 1.15979. This price level is a reliable support against a further decline, but it’s not excluded that the asset will trade uncertainly near the level. In case of confident breaching, sales can continue up to 1.13809.

Trading tactics for binary options look as follows:

- To sell lower than the price support level at 1.15979.

- In case of purchases, we recommend to orientate at 1.18628.

We recommend: TO SELL.

 

GBP/USD

GBP/USD has reached a higher trading range between 1.52625 – 1.51815. A new phase of purchases could possibly reach the resistance near 1.52625. At least an upward trend will be formed, where new purchases at the 1.51815 resistance level might be in the spotlight.

Trading tactics for binary options look as follows:

- To buy higher than the resistance level at 1.51815.

- In case of sales, we recommend to sell lower than 1.51815.

We recommend: TO BUY.

 

AUD/USD

AUD/USD is ready to overcome the strong resistance near 0.82346. The importance of this price barrier is quite high. Therefore its breach will bring confidence to the asset’s buyers, where a reach of the next level at 0.83420 is not excluded.

Trading tactics for binary options look as follows:

- To buy higher than 0.82346.

- In case of sales of the AUD, we recommend to sell lower than 0.82346.

We recommend: TO AWAIT.

 

USD/JPY

USD/JPY has significantly decreased in value. The confident price support level is located at 115.54. It’s very possible that purchases will grow from this price level. That’s why if the price chart shows the strengthening higher than 116.74, some good conditions to reach 118.66 will appear.

Trading tactics for binary options look as follows:

- To buy from 116.66 to 118.66.

- We recommend to sell down to the price support level at 115.54.

We recommend: TO BUY.

 

GOLD

The price chart for GOLD has showed intense purchases. The asset has stopped near the strong barrier at 1262.85. It could be a key level in the current range. From the one hand it could breach the previous maximum level, but from another hand sales can also begin from this level. It’s important to notice that possible sales can reverse Gold’s trend to the price support level at 1234.07.

Trading tactics for binary options look as follows:

- To buy higher than 1262.85 in case of breaching the key level.

- In case of confident sales, we recommend to sell down to 1234.07.

We recommend: TO AWAIT.

 

SP500

SP500 is holding the strong level at 1973.9. Purchases are possible to occur at that level, as the barrier is very important. In December the asset attempted to fall down to lower price levels, but confident purchases had reversed it in the opposite direction. The same scenario is likely to occur again, that’s why 2022.3 is actual on this week.

Trading tactics for binary options look as follows:

- If 1973.9 has been reached, a new target down to 1957.5 will open.

- In case of purchases, the 2022.3 level will open.

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.