Trading tactics for 09.11 - 13.11

EUR/USD

The American dollar is currently strengthening. Traders expect a rise of the FED interest rate this year. Besides, during the last trading week, the important macroeconomical data for the USA was positive, which pushed the market in favor of the US currency. The important support level is now located at 1.08506. If case of a confident breach of that level, a new perspective to decrease down to the next support level near 1.06817 will open.

On this week traders will especially pay their attention to the publication of the US inflation rates. In particular, the Producer price index and Retail sales reports for October will be released. A further rise of these indicators will influence the US dollar strengthening.

Binary options trading tactic:

- a new perspective near 1.08506 will open.

- in case of correction we recommend to buy up to 1.11144.

We recommend: TO SELL

 

GBP/USD

The asset trades near the support level at 1.51216. The Bank of England has remained the rate on the same level, besides the next statement also affected further trading. It was known that the economic growth for 2015 and 2016 had been revised. And that strongly infiuenced the British pound. The statement, that the current inflation rate doesn't allow to increase interest rate, also affected the pair's value.

Besides that, the Labor reports for the UK will be released on this week. In case of some negative data the British pound can strengthen.

Binary options trading tactic:

- if the price chart reverses, we recommend to buy from the 1.52194 level.

- a further fall will open a perspective down to 1.51216 and 1.49917.

We recommend: TO SELL

 

AUD/USD

The currency pair is under pressure. The price chart is located near the downtrend. If case of a confident breach of 0.71472, the asset is expected to trade near the next support level at 0.70450. The negative data for Australia will affect the trading. At the last meeting of the Reserve Bank of Australia traders got the information, that the weak economic growth could cause a decline of the interest rate in the nearest future.

On this week a lot of attention will be paid to the release of the Australian unemployment rate for October. It is possible, that if the relased data is more positive than the forecast, the Australian dollar will be getting only weaker.

Binary Options trading tactic:

- In case of correction we recommend to buy from 0.71472.

- In case of a new fall, we recommend to sell from 0.71472.

We recommend: TO SELL

 

USD/JPY

The Japanese yen trades weaker against the USD. A confident way out is seen, just like the strengthening, which is higher than the important level at 121.69. If the price chart further shows an upward trend, a strengthening in higher trading ranges can be expected together with new resistance levels. At this moment the Japanese yen is influenced by not the best macroeconomical Japanese data. A common strengthening of the USD will also affect the trading.

Binary Options trading tactic:

- a further rise of the pair will open a way up to 123.77.

- if the price chart goes down, we can expect trading near the 120.34 level or lower.

We recommend: TO BUY

 

USD/CHF

USD/CHF has breached the important resistance level at 0.9884. The US dollar strengthening still affects that. It's also important to note, that the value of the pair has significantly increased and now the asset trades in higher trading ranges, such as 1.00823 - 0.98884. This is the strong signal for a further rise.

Binary options trading tactic:

- in case of a new rise, we recommend to buy from 0.98884.

- in case of fall, we recommend to sell down to 0.97998.

We recommend: TO BUY

 

USD/RUB

USD/RUB shows some movements against the previous trend. The price chart pushed away from the support level near 62.59, this is the strong signal, which can affect the pair to grow further. If such a tendency continues, we can expect trading up to the resistance level at 65.11. Otherwise, it could trade down to the 62.59 level or lower.

Binary options trading tactic:

- in case of rise, the first target will be 65.11.

- In case of decline, we can expect the 62.59 level or lower.

We recommend: TO BUY

 

GOLD

GOLD stopped trading near the support level at 1102.09. The strengthening of the US dollar is affecting the trading, caused by the Fed plan to increase the interest rate. These are the main expectations on this week, because the macroeconomical data for the USA will be only published in the end of the week. In case of any correction, we can expect trading up to the 1123.85 – 1112.80 levels.

Binary Options trading tactic:

- if gold increases in value, we recommend to buy up to 1123.85.

- in case of a further fall we can expect the 1083.56 level.

We recommend: TO SELL

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.