Trading tactics for 16.07.2018 - 20.07.2018

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in a narrow corridor at the level 1.1672. The nearest resistance levels are located at levels 1.1678 and 1.1757. The nearest support level is located at 1.1611.

For Europe, pay attention to CPI (YoY) (Jun).

For USA, we recommend paying attention to Core Retail Sales (MoM) (Jun), Retail Sales (MoM) (Jun), Fed Chair Powell Testifies, Building Permits (Jun), Crude Oil Inventories and to Philadelphia Fed Manufacturing Index (Jul).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.1757 and higher.

- In case of fall, we recommend to sell down to 1.1611

We recommend: TO AWAIT

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.3231. There might be tendencies for the future growth. The nearest resistance level is located at 1.3285. The nearest support levels are located at 1.3178 and 1.3100.

For Britain, pay attention to BoE Gov Carney Speech, Average Earnings Index +Bonus (May), Claimant Count Change (Jun), CPI (YoY) (Jun) and to Retail Sales (MoM) (Jun).

For USA, we recommend paying attention to Core Retail Sales (MoM) (Jun), Retail Sales (MoM) (Jun), Fed Chair Powell Testifies, Building Permits (Jun), Crude Oil Inventories and to Philadelphia Fed Manufacturing Index (Jul).

- In case of rise, we recommend to buy up 1.3285

- In case of fall, we recommend to sell down 1.3100

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7417. The nearest resistance levels are located at 0.7422 and 0.7471. The nearest support level is located at level 0.7358.

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

For USA, we recommend paying attention to Core Retail Sales (MoM) (Jun), Retail Sales (MoM) (Jun), Fed Chair Powell Testifies, Building Permits (Jun), Crude Oil Inventories and to Philadelphia Fed Manufacturing Index (Jul).

- In case of rise, we recommend to buy up to 0.7471

- In case of fall, we recommend to sell down 0.7358

We recommend: TO AWAIT

 

USD/JPY

USD/JPY all week was trading differently and closed the level 112.31. The nearest resistance level is located at 112.80. The nearest support levels are located at 111.62 and 110.74.

For Japan, there will be no important news.

For USA, we recommend paying attention to Core Retail Sales (MoM) (Jun), Retail Sales (MoM) (Jun), Fed Chair Powell Testifies, Building Permits (Jun), Crude Oil Inventories and to Philadelphia Fed Manufacturing Index (Jul).

- In case of rise, we recommend to buy up to 112.80

- In case of fall, we recommend to sell down 110.74

We recommend: TO BUY

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 1.0002. Important resistance level is located at 1.0067. Nearest support levels are located at 0.9993 and 0.9882..

For Switzerland, there will be no important news.

For USA, we recommend paying attention to Core Retail Sales (MoM) (Jun), Retail Sales (MoM) (Jun), Fed Chair Powell Testifies, Building Permits (Jun), Crude Oil Inventories and to Philadelphia Fed Manufacturing Index (Jul).

- In case of rise, we recommend to buy up to 1.0002

- In case of fall, we recommend to sell down 0.9903

We recommend: TO BUY

 

GOLD

Previous week GOLD was trading differently and closed at the level 1240. Important resistance levels are located at 1247 and 1256. Nearest support level is located at 1236.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1256

- In case of fall, we recommend to sell down 1236

We recommend: TO AWAIT

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.