Trading tactics for 21.05.2018 - 25.05.2018

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in a narrow corridor at the level 1.1867. The nearest resistance levels are located at levels 1.1808 and 1.1888. The nearest support level islocated at 1.1748.

For Europe, pay attention to German Unemployment Change (May), CPI (YoY) (May) and German Manufacturing PMI (May).

For USA, we recommend paying attention to CB Consumer Confidence (May), ADP Nonfarm Employment Change (May), GDP (QoQ) (Q1), Pending Home Sales (MoM) (Apr), Nonfarm Payrolls (May), Unemployment Rate (May) and ISM Manufacturing PMI (May).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.1888 and higher.

- In case of fall, we recommend to sell down to 1.1748

We recommend: TO SELL

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.3466. There might be tendencies for the future growth. The nearest resistance levels are located at 1.3504 and 1.3567. The nearest support level is located at 1.3449.

For Britain, pay attention to Manufacturing PMI (May).

For USA, we recommend paying attention to CB Consumer Confidence (May), ADP Nonfarm Employment Change (May), GDP (QoQ) (Q1), Pending Home Sales (MoM) (Apr), Nonfarm Payrolls (May), Unemployment Rate (May) and ISM Manufacturing PMI (May).

- In case of rise, we recommend to buy up 1.3567

- In case of fall, we recommend to sell down 1.3449

We recommend: TO SELL

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7500. The nearest resistance level is located at 0.7546. The nearest support levels are located at levels 0.7493 and 0.7445

For Australia, there will be no important news.

For USA, we recommend paying attention to CB Consumer Confidence (May), ADP Nonfarm Employment Change (May), GDP (QoQ) (Q1), Pending Home Sales (MoM) (Apr), Nonfarm Payrolls (May), Unemployment Rate (May) and ISM Manufacturing PMI (May).

- In case of rise, we recommend to buy up to 0.7546

- In case of fall, we recommend to sell down 0.7445

We recommend: TO AWAIT

 

USD/JPY

USD/JPY all week was trading differently and closed the level 110.71. The nearest resistance level is located at 111.06. The nearest support level are located at 110.55 and 110.02.

For Japan, there will be no important news.

For USA, we recommend paying attention to CB Consumer Confidence (May), ADP Nonfarm Employment Change (May), GDP (QoQ) (Q1), Pending Home Sales (MoM) (Apr), Nonfarm Payrolls (May), Unemployment Rate (May) and ISM Manufacturing PMI (May).

- In case of rise, we recommend to buy up to 111.06

- In case of fall, we recommend to sell down 110.02

We recommend: TO BUY

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9970. Important resistance levels are located at 1.0039 and 0.9984. Nearest support level is located at 0.9948.

For Switzerland, there will be no important news.

For USA, we recommend paying attention to CB Consumer Confidence (May), ADP Nonfarm Employment Change (May), GDP (QoQ) (Q1), Pending Home Sales (MoM) (Apr), Nonfarm Payrolls (May), Unemployment Rate (May) and ISM Manufacturing PMI (May).

- In case of rise, we recommend to buy up to 1.0039

- In case of fall, we recommend to sell down 0.9948

We recommend: TO AWAIT

 

GOLD

Previous week GOLD was trading differently and closed at the level 1292. Important resistance levels are located at 1297 and 1310. Nearest support level is located at 1284.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1310

- In case of fall, we recommend to sell down 1284

We recommend: TO SELL

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.