Trading tactics for 16.02 - 20.02

EUR/USD

EUR/USD after trading uncertainly trading went back to its previous ranges. A breach of the key level at 1.13809 gives buyers a possibility that the pair could strengthen on a higher price level. Besides that, the asset can confidently reach 1.14749 and strengthen at it.

On this week, the German ZEW Economic Sentiment and the PMI index reports in the Eurozone can influence the pair.

Trading tactics for binary options look as follows:

- The first targets are 1.14749 and 1.15892.

- If the asset trades below 1.13809, it could reach 1.12815.

We recommend: TO BUY.

 

GBP/USD

GBP/USD showed a nice way out of the triangle. The price has also strengthened between 1.52628 – 1.54450. This way the positive signal for purchases during the coming weeks has appeared. Please notice, that the asset has grown significantly, that’s why there might be sharp sales.This week could be promising, as the Unemployment report for the UK will be published.

Trading tactics for binary options look as follows:

- In case of increasing we recommend to buy up to 1.54450.

- The scenario with sharp sales can open a target down to 1.52628.

We recommend: TO SELL.

 

AUD/USD

The price chart for AUD/USD is confidently located in the down trend. If the asset turns at 0.77728 down, it will most preferably fall further, just like it did previously. Besides that, if sales continue, the perspective target at 0.76466 will be opened for such scenario.

Considering the news, the RBA publication of the Monetary Policy records will be a very important event.

Trading tactics for binary options look as follows:

- A confident decrease in value will open a target down to 0.76466.

- In case of confident breach, we recommend to focus at 0.78791.

We recommend: TO BUY.

 

USD/JPY

USD/JPY has showed strong movements. A strong barrier is holding the pair at 118.66. If it leaves the ranges or breaches the key level, there will be a good signal to open a trade. It’s important to notice, that the leaving of the triangle on the last week gave a strong signal for purchases with a perspective for upcoming weeks.

Trading tactics for binary options look as follows:

- A breach of the resistance level at 118.66 will give a signal to sell.

- Confident purchases at 118.66 will open a target up to 120.69.

We recommend: TO AWAIT.

 

GOLD

GOLD is persistently falling. The asset continues its line sales. Therefore there are good preconditions to decrease in value down to 1205.86. It could attempt to try to go back to the last week’s prices, which can negatively influence the reverse against the early formed sales trend.

Trading tactics for binary options look as follows:

- A breach of the key level will open a target up to 1262.85.

- A confident fall will open a target down to 1205.86.

We recommend: TO SELL.

 

USD/CHF

USD/CHF trades near the boundary level at 0.93222. It is also seen, that the price has touched the price barrier at 0.92746, which is a signal for preferable sales. In case of confident breach of this level, a new perspective for strengthening at 0.92534 and 0.92238 will open.

Trading tactics for binary options look as follows:

- In case of decreasing, we recommend to focus at 0.92534.

- In case of rise, we recommend to buy up to 0.93222.

We recommend: TO SELL.

 

USD/RUB

USD/RUB has left the triangle. This is a strong signal for confident sales. Now the asset is taking pause against a further decline, but as soon as it leaves the boundary levels, there will be preconditions to open a trade. Besides that, if the pair continues to fall (strengthen), a new target at 60.61 will open.

Trading tactics for binary options look as follows:

- In case of decreasing, we recommend to focus at 60.61.

- In case of purchases we recommend to buy up to 64.28.

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.