Trading tactics for 8.01.2018 - 12.01.2018

EUR/USD

EUR/USD has started to gradually form a negative trend after the short growth during the last week. With such pace EUR/USD can quickly reach the nearest support level at 1.2004 and continue to decline. Since the important data for Eurozone will be published only in the end of this week, the pair's further move will directly depend on the American dollar's value. In case of rise, the nearest resistance level is located at 1.2089.

As to the Eurozone, the ECB will publish the results of Monetary Policy Meeting, which will be held on Thursday.

As to the USA, we recommend to pay attention to the JOLTs Job Openings, the Crude Oil Inventories, the Producer Price Index report (PPI) and the Retail Sales data.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.2089.

- in case of fall, we recommend to sell down to 1.2004 and lower.

We recommend: TO SELL

 

GBP/USD

GBP/USD continues to trade near the 1.35 level, and keeps forming only short-term trends, but the common tendency remains positive. Due to expectations of the upcoming economic news on this week, the asset's further move might change. In case of further growth, the nearest resistance level is located at 1.3607. If the pair's price chart changes its direction, traders should pay their attention to the nearest support level at 1.3507.

On Wednesday, the Manufacturing Production report for the UK will be published.

As to the USA, we recommend to pay attention to the JOLTs Job Openings, the Crude Oil Inventories, the Producer Price Index report (PPI) and the Retail Sales data.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.3607.

- in case of fall, we recommend to sell down to 1.3507.

We recommend: TO BUY

 

AUD/USD

Since the beginning of 2018, AUD/USD has been showing the long-term positive trend. The nearest resistance level is located at 0.7875 and might be easily breached, if the asset contunues to increase in value. If the opposite trend occurs, the nearest support level is located at 0.7797.

On Thursday, the Retail Sales report for Australia will be released.

As to the USA, we recommend to pay attention to the JOLTs Job Openings, the Crude Oil Inventories, the Producer Price Index report (PPI) and the Retail Sales data.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 0.7875 and higher.

- in case of fall, we recommend to sell down to 0.7797.

We recommend: TO BUY

 

USD/JPY

USD/JPY has started to sharply decrease in value in comparison with the last week's indicators, when the asset showed the prolonged growth, by rising from 112.12 up to 113.27. If USD/JPY continues to fall, traders should pay attentiion to the nearest support level at 112.71. If the price chart again changes its direction, the nearest resistance level at 113.27 might be easily breached, which can form new highs.

There will be no important news for Japan.

As to the USA, we recommend to pay attention to the JOLTs Job Openings, the Crude Oil Inventories, the Producer Price Index report (PPI) and the Retail Sales data.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 113.27.

- in case of fall, we recommend to sell down to 112.71.

We recommend: TO SELL

 

USD/CHF

USD/CHF continues to actively trade in a narrow range. Currently traders should exclusively earn profit on short-term positions, until the pair will form a long-term tendency. The asset's value is located right in between the nearest resistance and support levels at 0.9780 and 0.9714.

Only some secondary data for Switzerland will be published.

As to the USA, we recommend to pay attention to the JOLTs Job Openings, the Crude Oil Inventories, the Producer Price Index report (PPI) and the Retail Sales data.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9714.

- in case of rise, we recommend to buy up to 0.9780.

We recommend: TO AWAIT

 

Gold

Gold shows the common positive trend. The asset's value has reached the 1324.63 mark, which is its nearest resistance level. In case of further growth, it might be easily breached. A lot of important economic data for the USA is expected on this week and will surely influence the gold price. If the asset decreases in value, traders should pay attention to the nearest support level at 1306.75.

As to the USA, we recommend to pay attention to the JOLTs Job Openings, the Crude Oil Inventories, the Producer Price Index report (PPI) and the Retail Sales data.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1324.63 and higher.

- in case of fall, we recommend to sell down to 1306.75.

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.