Trading tactics for 22.12 - 25.12

EUR/USD

EUR/USD is located near the support level at 1.08506. After the Fed's decision to increase the interest rate, the American dollar started to consolidate. There's a possibility, that the USD can reach the support level at 1.06817. It's important to note, that exactly at 1.08506 the pair will perform its further move. A new phase of decline could form a downtrend. At the same time, an attempt to rise will give a signal to buy the asset in the range of the upward trend.

On this week traders will be expecting the final release of the US GDP report for the third quarter. In case of any positive data, the USD will increase in value.

Binary Option Trading Tactic:

- in case of rise, pay attention to the 1.11144 level.

- in case of further fall, we recommend to sell down to 1.06817.

We recommend: TO SELL

 

GBP/USD

GBP/USD has strengthened in the upward trend. There's a new perspective for the asset to fall down to the support level at 1.47367. The pair's value is affected by the USD's strengthening. Such factor will have an important impact on the asset till the end of this year. Besides, it can also be influenced by some macroeconomic data. On Tuesday, the UK GDP report for the third quarter will be released.

Binary Option Trading Tactic:

- if the value continues to rise, we recommend to buy up to the resistantce level at 1.49917.

- a further decline will open a way down to the 1.47367 level.

We recommend: TO SELL

 

AUD/USD

AUD/USD continues to confidently decrease in value. With such tendency we can expect reaching the support level at 0.70450. It's also important to note, that the pair's value has fallen significantly, and can influence active purchases, but not higher than 0.71472.

AUD/USD is affected by the USD's strengthening, caused by the Fed's decision to increase the interest rate, which also leads to reduction in commodity prices. The pair is likely to fall further.

Binary Option Trading Tactic:

- in case of further rise, we recommend to buy up to 0.71472.

- in case of new decline, we recommend to sell down to 0.70450.

We recommend: TO SELL

 

USD/JPY

The pair increases in value after the active strengthening of the US dollar. If such tendency continues, the value can easily reach the resistance level at 123.44. Besides, USD/JPY has again entered the 123.77 – 122.54 trading ranges. This is a very strong signal to rise further.

Despite of the upcoming Christmas holidays, traders will pay attention to the release of the Consumer Price Index and Unemployment reports for Japan. Such data can influence the pair's value.

Binary Option Trading Tactic:

- in case of further rise, there will be a way up to 123.77.

- if the value continues to fall further, there will be a signal to sell the asset after the 122.54 level.

We recommend: TO BUY

 

USD/CHF

USD/CHF trades in an opposite direction from the support level at 0.98884. At the same time, any resistance near 0.98884 will be a good target in case of further rise. Just like other currencies in pair with the American dollar, the Swiss franc trades under pressure. That's why on this week there will be a possibiliy for the pair to grow.

There will be no important economic news for Switzerland on this week. The pair's value can be affected by the release of the US GDP report for the third quarter.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.00823.

- in case of new fall, we recommend to sell down to 0.98884 and 0.97998.

We recommend: TO BUY

 

USD/RUB

USD/RUB is ready to move along the upward trend. The resistance level at 71.12 prevents the pair to move further. If that level is confidently breached, we can expect a new phase of the pair's rise. It's important to note, that the oil's value continues to decrease, which will affect the Russian ruble. At the same time, an alternative case will allow the pair to strengthen down to the support level at 69.24.

Binary Option Trading Tactic:

- in case of rise, the first target is 73.20.

- in case of fall (the RUB strengthening), the value can reach the 69.24 level and lower.

We recommend: TO BUY

 

GOLD

GOLD is close to a new phase of decline. The support level, that prevents the asset to move further, is located at 1050.54. After the Fed's decision to increase the interest rate, Gold has again started to trade under pressure. There's a possibility of breaching that level and reaching the forecasted values near the 1000 level.

On this week traders will pay attention to the release of the US GDP report for the third quarter. If the American dollar strongly strengthens on such data, the Gold's value will decrease.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1066.80.

- in case of further decrease, we can expect to see the 1000.00 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.