Trading tactics for 14.05.2018 - 18.05.2018

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in a narrow corridor at the level 1.1936. The nearest resistance level is located at level 1.1966. The nearest support levels are located at 1.1898 and 1.1821.

For Europe, pay attention to ECB President Draghi Speech and to ECB Publishes Account of Monetary Policy Meeting, German ZEW Economic Sentiment (May), CPI (YoY) (Apr) and ECB President Draghi Speech.

For USA, we recommend paying attention to Philadelphia Fed Manufacturing Index (May), Crude Oil Inventories, Retail Sales (MoM) (Apr) and to Core Retail Sales (MoM) (Apr).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.1966 and higher.

- In case of fall, we recommend to sell down to 1.1821

We recommend: TO BUY

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.3529. There might be tendencies for the future growth. The nearest resistance level is located at 1.3615. The nearest support levels are located at 1.3525 and 1.3458.

For Britain, pay attention to Average Earnings Index +Bonus (Mar), Claimant Count Change (Apr) and to Inflation Report Hearings.

For USA, we recommend paying attention to Philadelphia Fed Manufacturing Index (May), Crude Oil Inventories, Retail Sales (MoM) (Apr) and to Core Retail Sales (MoM) (Apr).

- In case of rise, we recommend to buy up 1.3615

- In case of fall, we recommend to sell down 1.3525

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7535. The nearest resistance level is located at 0.7566. The nearest support levels are located at levels 0.7489 and 0.7410.

For Australia, pay attention to RBA Meeting Minutes and Employment Change (Apr).

For USA, we recommend paying attention to Philadelphia Fed Manufacturing Index (May), Crude Oil Inventories, Retail Sales (MoM) (Apr) and to Core Retail Sales (MoM) (Apr).

- In case of rise, we recommend to buy up to 0.7566

- In case of fall, we recommend to sell down 0.7410

We recommend: TO BUY

 

USD/JPY

USD/JPY all week was trading differently and closed the level 109.34. The nearest resistance level is located at 109.97. The nearest support level are located at 109.30 and 108.82.

For Japan, pay attention to GDP (QoQ) (Q1).

For USA, we recommend paying attention to Philadelphia Fed Manufacturing Index (May), Crude Oil Inventories, Retail Sales (MoM) (Apr) and to Core Retail Sales (MoM) (Apr).

- In case of rise, we recommend to buy up to 109.34

- In case of fall, we recommend to sell down 108.82

We recommend: TO AWAIT

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9989. Important resistance levels are located at 1.0013 and 1.0054. Nearest support level is located at 0.9975.

For Switzerland, there will be no important news.

For USA, we recommend paying attention to Philadelphia Fed Manufacturing Index (May), Crude Oil Inventories, Retail Sales (MoM) (Apr) and to Core Retail Sales (MoM) (Apr).

- In case of rise, we recommend to buy up to 1.0054

- In case of fall, we recommend to sell down 0.9975

We recommend: TO SELL

 

GOLD

Previous week GOLD was trading differently and closed at the level 1317. Important resistance level is located at 1325. Nearest support levels are located at 1315 and 1304.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1325

- In case of fall, we recommend to sell down 1304

We recommend: 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.