Trading tactics for 30.11 - 04.12

EUR/USD

EUR/USD still trades under pressure, because of the Fed's coming decision in regards to the interest rates. Besides, future price fluctuations can be affected by the Fed's readiness to decrease the already low interest rates. With the current situation the USD is likely to have much more positive results in comparison with the euro. Therefore, the main tendency shows an advantageous decline in the pair's value. The first target, where the price chart can possibly decrease to, is located near the support level at 1.05604. In case of breaching this level, we recommend to sell the asset down to 1.04622.

Binary Option Trading Tactic:

- in case of breaching the resistance level at 1.06817, we recommend to start purchases.

- in case of further fall, we recommend to sell down to 1.05604 and 1.04622.

We recommend: TO SELL

 

GBP/USD

The currency pair has made one more step into further decline. The asset currently trades lower than the important resistance level at 1.51216. Such tendency can strengthen the sentiment of active sales. Besides, the pair's value can be impacted by decreasing of the interest rates of the Bank of England. In the same time, the traders have quite high expectations, that the Fed's interest rates will grow already in this year. All these factors can negatively affect the further direction of the pair's value. Therefore, the further fall down to the support level at 1.49917 is expected.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy from 1.51216.

- in case of further fall, the target at 1.49917 will open.

We recommend: TO SELL

 

AUD/USD

AUD/USD trades near the resistance level at 0.72649. Traders are not intended to further purchase the pair, as the data for the basic rate of the Reserve Bank of Australia will be released on this week. Furthermore, the last macroeconomic data for Australia wasn't positive. That's why, there is a current tendency of preferable sales. If the correction continues, we can expect the price chart to reach the support level near 0.71472.

Binary Option Trading Tactic:

- in case of further rise, we recommend to buy up to 0.72649.

- in case of new decrease in value, we recommend to sell down to 0.71472 and 0.70450.

We recommend: TO SELL

 

USD/JPY

USD/JPY is falling straight to the support level at 122.36. The Japanese yen is strengthening against the American dollar. The macroeconomic data for Japan was released during the Asian trading hours, which helped the currency to strengthen. The unemployment rate for November has decreased, and the Tokyo Consumer Price Index has grown. Such data still can influence the JPY's value on this week, if the American dollar doesn't start a new phase of strengthening.

Binary Option Trading Tactic:

- a further rise will open a target up to 123.77.

- in case of decline, we can expect 121.69 or lower levels.

We recommend: TO AWAIT

 

USD/CHF

USD/CHF attempts to reach higher trading ranges. The resistance level at 1.02893 has almost been reached. But there's still some space between the current value and the target. It's expected, that the CHF can strengthen in the upward trend, therefore the value could get to some higher levels. On this week the CHF can also show some trading activity, because of the releases of the Swiss Consumer Price Index and PMI reports.

Binary Option Trading Tactic:

- in case of new rise, we recommend to buy up to 1.02893.

- in case of decrease, we recommend to sell down to 1.02065 and 1.00823.

We recommend: TO BUY

 

USD/RUB

USD/RUB continues to trade in direction of the upward trend. The first barrier is the resistance level at 66.59. If the Russian ruble remains under pressure because of the USD's increase in value, we can expect the pair to strengthen in higher trading ranges. It's not excluded, that the next resisitance level at 69.24 will also be reached.

Binary Option Trading Tactic:

- in case of rise, the first target is located at 69.24.

- in case of fall, we can expect 65.11 and 64.14, or lower.

We recommend: TO BUY

 

GOLD

GOLD gives a signal to reach the support level at 1064.12. In this case, we can expect the pair to reach 1051.72. It's important to note, that some significant macroeconomic data for the USA will be published on this week. In case the data is expected to be positive, the American dollar can strengthen, and Gold's value will remain under pressure.

Binary Option Trading Tactic:

- in case of increase, we recommend to buy up to 1073.89.

- in case of further decline, we can expect 1051.72.

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.