Trading tactics for 19.03.2018 - 23.03.2018

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in a narrow corridor at the level 1.2288. The nearest resistance levels are located at levels 1.2330 and 1.2410. The nearest support level is located at 1.2259.

For Europe, pay attention to German ZEW Economic Sentiment (Mar), German Manufacturing PMI (Mar) and to German Ifo Business Climate Index (Mar).

For USA, we recommend paying attention to New Home Sales (Feb), Core Durable Goods Orders (MoM) (Feb), FOMC Press Conference, Fed Interest Rate Decision, FOMC Statement, FOMC Economic Projections, Crude Oil Inventories and to Existing Home Sales (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2410 and higher.

- In case of fall, we recommend to sell down to 1.2259

We recommend: TO SELL

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.3944. There might be tendencies for the future growth. The nearest resistance level is located at 1.3993. The nearest support levels are located at 1.3937 and 1.3887.

For Britain, pay attention to Retail Sales (MoM) (Feb), BoE Interest Rate Decision (Mar) and to MPC Asset Purchase Facility Votes.

For USA, we recommend paying attention to New Home Sales (Feb), Core Durable Goods Orders (MoM) (Feb), FOMC Press Conference, Fed Interest Rate Decision, FOMC Statement, FOMC Economic Projections, Crude Oil Inventories and to Existing Home Sales (Feb).

- In case of rise, we recommend to buy up 1.3993

- In case of fall, we recommend to sell down 1.3887.

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7706. The nearest resistance levels are located at 0.7799 and 0.7914. The nearest support level is located at level 0.7706.

For Australia, pay attention to RBA Meeting Minutes and to Employment Change (Feb).

For USA, we recommend paying attention to New Home Sales (Feb), Core Durable Goods Orders (MoM) (Feb), FOMC Press Conference, Fed Interest Rate Decision, FOMC Statement, FOMC Economic Projections, Crude Oil Inventories and to Existing Home Sales (Feb).

- In case of rise, we recommend to buy up to 0.7914

- In case of fall, we recommend to sell down 0.7706

We recommend: TO SELL

 

USD/JPY

USD/JPY all week was trading differently and closed the level 105.94. The nearest resistance levels are located at 106.39 and 107.24. The nearest support level is located at 105.59.

For Japan, there will be no important news.

For USA, we recommend paying attention to New Home Sales (Feb), Core Durable Goods Orders (MoM) (Feb), FOMC Press Conference, Fed Interest Rate Decision, FOMC Statement, FOMC Economic Projections, Crude Oil Inventories and to Existing Home Sales (Feb).

- In case of rise, we recommend to buy up to 107.24

- In case of fall, we recommend to sell down 105.59

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9506. Important resistance level is located at 0.9545. Nearest support levels are located at 0.9483 и 0.9422.

For Switzerland, there will be no important news.

For USA, we recommend paying attention to New Home Sales (Feb), Core Durable Goods Orders (MoM) (Feb), FOMC Press Conference, Fed Interest Rate Decision, FOMC Statement, FOMC Economic Projections, Crude Oil Inventories and to Existing Home Sales (Feb).

- In case of rise, we recommend to buy up to 0.9545

- In case of fall, we recommend to sell down 0.9422

We recommend: TO AWAIT

 

GOLD

Previous week GOLD was trading differently and closed at the level 1313. Important resistance levels are located at 1319 and 1329. Nearest support level is located at 1309.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1329

- In case of fall, we recommend to sell down 1309

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.