Trading tactics for 15.01.2018 - 19.01.2018

EUR/USD

EUR/USD during the last week has grown by 2 points due to the American dollar's weakening. The asset currently trades close to the nearest resistance level at 1.2219, which might be easily breached, since EUR/USD has formed a clear positive trend. The price chart's further move will directly depend on traders' activity, because the most important economic reports will be published only in the middle of the week. In case of a trend reversal, the nearest support level is located at 1.2043.

On Wednesday, the Consumer price index report for the Eurozone will be released.

As to the USA, on Thursday we recommend to pay attention to the Building Permits, the Philadelphia Fed Manufacturing Index and the Crude Oil Inventories.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.2219 and higher.

- in case of fall, we recommend to sell down to 1.2043.

We recommend: TO BUY

 

GBP/USD

GBP/USD has also shown an intense growth due to the American dollar's fall. The pair has reached the 1.3744 level, which is its nearest resistance level and might be easily breached, since GBP/USD continues to trade positively near the 1.37 mark. If the price chart changes its direction, traders should pay attention to the nearest support level at 1.3540.

As to the UK, the Consumer price index and the Retail sales reports will be published.

As to the USA, on Thursday we recommend to pay attention to the Building Permits, the Philadelphia Fed Manufacturing Index and the Crude Oil Inventories.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.3744 and higher.

- in case of fall, we recommend to sell down to 1.3540.

We recommend: TO BUY

 

AUD/USD

After having several short-term tendencies, AUD/USD has formed a clear positive trend by rising up to the 0.79 mark. The important economic data for both countries will be released on the same day, therefore the currency pair's next move in the end of this week can not be predicted. Some new long-term trends might occur. In case of further growth or decrease, we recommend to pay attention to the important resistance and support levels at 0.7924 and 0.7856.

On Thursday, the Employment change report for Australia will be released.

As to the USA, on Thursday we recommend to pay attention to the Building Permits, the Philadelphia Fed Manufacturing Index and the Crude Oil Inventories.  

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 0.7924 and higher.

- in case of fall, we recommend to sell down to 0.7856.

We recommend: TO BUY

 

USD/JPY

Over the last week USD/JPY has fallen by 2 points and currently trades near the 110 level. The price chart remains negative, therefore in case of further decrease the asset can breach the nearest support level at 110.93. In the first half of this week various short-term tendencies and trading in a narrow range might possibly occur. In case of a trend reversal the nearest resistance level is located at 111.88.  

There will be no important news for Japan.

As to the USA, on Thursday we recommend to pay attention to the Building Permits, the Philadelphia Fed Manufacturing Index and the Crude Oil Inventories.  

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 111.88.

- in case of fall, we recommend to sell down to 110.93 and lower.

We recommend: TO SELL

 

USD/CHF

USD/CHF has sharply decreased in value due to the USD's fall. The asset trades near the important support level at 0.9665, which might be easily breached, if the pair continues to decline. The price chart's next move will directly depend on the US upcoming economic data. If USD/CHF starts to increase in value, we recommend to pay attention to the nearest resistance level at 0.9770.

Only some secondary data for Switzerland will be published.

As to the USA, on Thursday we recommend to pay attention to the Building Permits, the Philadelphia Fed Manufacturing Index and the Crude Oil Inventories.  

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9665 and lower.

- in case of rise, we recommend to buy up to 0.9770.

We recommend: TO SELL

 

GOLD

Gold continues to show the common positive trend. The asset has reached the 1339.45 mark, which is also its 4-month high and the nearest resistance level, which might be easily breached. With such pace some new maximum values are likely to occur. Traders should follow the price chart's next move when the US economic data will be about to release. If the asset falls in price, the nearest support level will be located at 1322.64.

As to the USA, on Thursday we recommend to pay attention to the Building Permits, the Philadelphia Fed Manufacturing Index and the Crude Oil Inventories.  

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1339.45 and higher.

- in case of fall, we recommend to sell down to 1322.64.

We recommend: TO BUY

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.