Trading tactics for 05.03.2018 - 09.03.2018

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in a narrow corridor at the level 1.2331. The nearest resistance level is located at level 1.2334. The nearest support levels are located at 1.2256 and 1.2154.

For Europe, pay attention to Deposit Facility Rate, ECB Interest Rate Decision (Mar) and to ECB Press Conference.

For USA, we recommend paying attention to ISM Non-Manufacturing PMI (Feb), ADP Nonfarm Employment Change (Feb), Nonfarm Payrolls (Feb) and to Unemployment Rate (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2334 and higher.

- In case of fall, we recommend to sell down to 1.2154

We recommend: TO BUY

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.3796. There might be tendencies for the future growth. The nearest resistance levels are located at 1.3829 and 1.3938. The nearest support level is located at 1.3710.

For Britain, pay attention to Manufacturing Production (MoM) (Jan), Annual Budget Release and to Services PMI (Feb).

For USA, we recommend paying attention to ISM Non-Manufacturing PMI (Feb), ADP Nonfarm Employment Change (Feb), Nonfarm Payrolls (Feb) and to Unemployment Rate (Feb).

- In case of rise, we recommend to buy up 1.3938

- In case of fall, we recommend to sell down 1.3710

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7760. The nearest resistance levels are located at 0.7776 and 0.7843. The nearest support level is located at level 0.7711.

For Australia, pay attention to Retail Sales (MoM) (Jan), RBA Interest Rate Decision, RBA Rate Statement and GDP (QoQ) (Q4).

For USA, we recommend paying attention to ISM Non-Manufacturing PMI (Feb), ADP Nonfarm Employment Change (Feb), Nonfarm Payrolls (Feb) and to Unemployment Rate (Feb).

- In case of rise, we recommend to buy up to 0.7843

- In case of fall, we recommend to sell down 0.7711

We recommend: TO SELL

 

USD/JPY

USD/JPY all week was trading differently and closed the level 105.70. The nearest resistance levels are located at 106.28 and 107.63. The nearest support level is located at 105.23

For Japan, pay attention to BoJ Press Conference, BoJ Monetary Policy Statement (YoY) and to GDP (QoQ) (Q4).

For USA, we recommend paying attention to ISM Non-Manufacturing PMI (Feb), ADP Nonfarm Employment Change (Feb), Nonfarm Payrolls (Feb) and to Unemployment Rate (Feb).

- In case of rise, we recommend to buy up to 107.63

- In case of fall, we recommend to sell down 105.23

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9373. Important resistance levels are located at 0.9405 and 0.9487. Nearest support level is located at 0.9337.

For Switzerland, pay attention to CPI (MoM) (Feb).

For USA, we recommend paying attention to ISM Non-Manufacturing PMI (Feb), ADP Nonfarm Employment Change (Feb), Nonfarm Payrolls (Feb) and to Unemployment Rate (Feb).

- In case of rise, we recommend to buy up to 0.9487

- In case of fall, we recommend to sell down 0.9337

We recommend: TO SELL

 

GOLD

Previous week GOLD was trading differently and closed at the level 1321. Important resistance levels are located at 1332. Nearest support level are located at 1318 and 1302.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1332

- In case of fall, we recommend to sell down 1302

We recommend: TO AWAIT

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.