Trading tactics for 28.12 - 31.12

EUR/USD

 

The pair demonstrates an active rise and locates in the 1.0802 – 1.1061 trading ranges. The value was strongly affected by the US negative data from the last week, despite of the earlier releases about the interest rate’s increase. It is very possible, that the asset will reach the resistance level at 1.1061. With such move the pair will get to its maximum value for December. In case of an opposite direction, EUR/USD will come back to its minimum values. There might be a fall down to the support level at 1.0802 and lower.

On this week there will be some positive statistics for the USA, such as the CB Consumer Confidence and the Pending Home Sales reports. The data will have a strong impact on the asset’s value.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.1061.

- in case of fall, we recommend to sell down to 1.0802.

We recommend: TO BUY

 

GBP/USD

GBP/USD showed a very active decline on the last week and reached 1.4803, which is currently considered as the important support level. Such fall was caused by the negative GDP data for the UK. The pair now trades in the 1.4803 – 1.5052 ranges. After this fall, the price chart showed the sharp turning-point because of the US negative data, and the pair began to trade in the upward trend. It might reach the resistance level at 1.5052. If that level is breached, the pair’s value can be close to its maximum price for December.

On this week we recommend to pay attention to the US CB Consumer Confidence and the Pending home sales reports. The data will affect the price chart’s next move, since there will be only some secondary statistics for the UK.

Binary Option Trading Tactic:

- in case of further rise, we recommend to buy up to 1.5052.

- in case of fall, we recommend to sell down to the 1.4803 level and lower.

We recommend: TO BUY

 

AUD/USD

AUD/USD is located in the upward trend, and still trades in the 0.7097 – 0.7312 ranges. The active rise was also caused by the negative US data. The pair can easily reach the resistance level at 0.7312 and continue to increase in value. But there might be some new trends during this week, as traders expect the important data for the USA. According to the forecast, the released data will be positive. In that case the asset will start to fall, and most probably will come back to its previous values near the support level at 0.7097.

On this week it’s worth paying attention to the US reports, such as the CB Consumer Confidence and the Pending Home Sales. There will be only some secondary data for Australia.

Binary Option Trading Tactic:

- in case of further rise, we recommend to buy up to 0.7312 and higher.

- in case of fall (the USD strengthening), we recommend to sell down to 0.7097.

We recommend: TO BUY

 

USD/JPY

USD/JPY actively decreases in value and trades in the 120.24 – 122.81 ranges. USD/JPY has reached its minimum value since this December and formed the new support level at 120.24. Generally, the pair trades indefinitely. If that level is breached, we can expect a new phase of decline. The further rise is also not excluded and can lead to the resistance level at 122.81. The forecast can be true, as the positive US data on this week is expected.

Traders should pay attention to the US reports, such as the CB Consumer Confidence and the Pending Home Sales. On Monday a news block for Japan will be published, which can shortly affect the pair’s value.

Binary Option Trading Tactic:

- in case of rise from the 120.24 level, we recommend to buy up to 122.81.

- in case of further fall, we recommend to sell from the 120.24 level.

We recommend: TO SELL

 

USD/CHF

USD/CHF trades in a narrow range. The pair has been trading without a certain trend for the last two weeks. The sideways trading pattern has appeared, because of the lack of the Swiss fundamental data. Only some short-term trends occur from time to time. USD/CHF is stably located in the 0.9788 – 0.9991 trading ranges. If 0.9788 or 0.9991 is reached, that can be considered as a strong signal to open a trade. The USD strengthening can positively influence the pair.

Only some secondary data for Switzerland is expected, therefore traders need to look at the economic releases for the USA, particularly at the CB Consumer Confidence and the Pending Home Sales reports.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9788.

- in case of rise, we recommend to buy up to 0.9991 and higher.

We recommend: TO AWAIT

 

USDRUB

 

USD/RUB has been showing a stable and prolonged growth since December, and has been trading in the 68.50 – 71.41 ranges. The negative US data from the last week was a reason for the sharp decline, but the pair currently consolidates and has perspectives for a further rise. If the American dollar strengthens, USD/RUB can get back to its maximum at 71.41. The important support level is located at 68.50. If that level is reached, the asset may fall further down to the next support level at 67.15

There will be only some secondary statistics for Russia, that’s why traders need to pay attention to the US CB Consumer Confidence and the Pending Home Sales reports. The data is expected to be positive and can affect the pair’s value.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 71.4166.

- in case of further fall, we recommend to sell down to 68.5013 and lower.

We recommend: TO BUY

 

GOLD

Gold trades near the 1073 level without a certain trend. The asset can move in any direction. On this week, the value will directly depend on the American dollar. In case of any negative data, Gold can reach the resistance level at 1087.35, which is also its maximum for December. In case of any positive data, Gold can decrease in value and reach its support level at 1050.52. Some short-term trends may occur at the time of news releases.

The releases of the US CB Consumer Confidence and the Pending Home Sales reports will define the asset’s further move.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1087.35.

- in case of fall, we recommend to sell down to 1050.52.

We recommend: TO BUY