Trading tactics for 02.02 - 06.02

EUR/USD

EUR/USD tends to trade opposite the previous downtrend. The strong barrier that prevents EUR/USD to trade in a certain direction is located at 1.13809. It’s important to notice that if 1.13809 is breached, there will be profitable conditions to increase the demand to further buy the pair up to 1.15892.

On this week the publications of the Manufacturing PMI reports of both the European countries and the USA can influence the market.

Trading tactics for binary options look as follows:

- To sell lower than the price support level at 1.13809.

- In case of EUR/USD’s increase, we recommend to buy up to 1.15892.

We recommend: TO AWAIT.

 

GBP/USD

GBP/USD continues to trade indefinitely in a trading range between 1.51815 – 1.50304. If the asset leaves the boundary levels, traders will probably take some decisive actions. But if the pair succeeds to breach the strong resistance level at 1.50304, new sales down to 1.48503 can occur.

On this week we recommend to pay attention to the Interest Rate Decision in the UK.

Trading tactics for binary options look as follows:

- To buy higher than 1.50304.

- In case of sales, we recommend to sell lower than 1.50304.

We recommend: TO SELL.

 

AUD/USD

The price chart for AUD/USD intends to breach the resistance at 0.77728. Besides that, the asset is likely to fall further, therefore there’s a possibility that the pair will trade on lower price levels.

As regards to important news on this week, the Reserve Bank of Australia is going to announce the Interest Rate Decision. On expectations of such release, the AUD is considered to be traded actively in pair with other currencies.

Trading tactics for binary options look as follows:

- If the price chart goes opposite way, we recommend to buy up to 0.77728.

- In case of intense sales, we recommend to sell lower than 0.77728.

We recommend: TO AWAIT.

 

USD/JPY

USD/JPY trades indefinitely. The pair is located between two barriers and will most likely leave the boundary levels soon. In case of breaching the confident price support level at 117.42, the price chart can further go in direction of the downtrend.

Trading tactics for binary options look as follows:

- In case of opposite direction we recommend to buy from 117.42 to 118.66.

- In case of sales, we recommend to sell down to the support level at 115.54.

We recommend: TO AWAIT.

 

GOLD

GOLD continues to fall further. In case of intense sales the asset can decrease down to 1234.07. Besides that, the fact that the asset has left the upward tendency might be a significant signal indicating that Gold will continue to fall further. Besides that, the Unemployment rate results will be published on this week, that’s why the trading demand on the American dollar will grow. And it will certainly lead to either increase or decrease of Gold’s value.

Trading tactics for binary options look as follows:

- To buy higher than 1262.85 if the asset trades positively.

- To sell down to 1234.07 in case of sales.

We recommend: TO SELL.

 

SP500

SP500 pushed away from the price barrier at 2026.1. The current situation mostly gives signals for sales and not purchases. It’s also important to point out that the asset is currently located in the downtrend, which contributes to further sales down to 1973.9. If the sales scenario does not meet the expectations, the target up to 2026.1 will open.

Trading tactics for binary options look as follows:

- To sell down to 1973.9.

- In case of purchases, the target up to 2026.1 will open.

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.