Trading tactics for 20.04 - 24.04

EUR/USD

EUR/USD attempts to stabilize and has the signals for trading in an opposite direction. The price chart is located near the next price resistance level at 1.08630. Nevertheless, we can expect a confident strengthening in a trading range between 1.08630 – 1.06386. Investors’ sentiment is now more focused on the pair’s purchases, therefore the price chart is considered to grow further during this week.

Binary Options Trading Tactics:

- In case of further rise, focus on the 1.08630 level.

- In case of further sales – the 1.06386 level.

We recommend: TO BUY

 

GBP/USD

The pair shows a confident strengthening higher than the support level at 1.48574. This is the strong signal, which indicates, that GBP/USD could strengthen further when it reaches the resistance level at 1.50304. It is also important to notice, that if such tendency continues, then the common sentiment to purchase could occur on the market.

Binary Options Trading Tactics:

- In case of further purchases the target up to 1.50304 and 1.51815 will open.

- A confident decline of the pair’s value will provoke traders to sell down to 1.48574.

We recommend: TO SELL

 

AUD/USD

AUD/USD demonstrates an attempt to form a new upward trend. The 0.77728 level is opening a new perspective for rise; on that point the asset has shown a new tendency of purchases. Such location of the price chart says about a potential possibility to grow further aiming the resistance level at 0.78791.

Binary Options Trading Tactics:

- In case of rise, a target up to 0.78791 will open.

- If AUD/USD shows a strengthening below 0.77728, then confident sales can begin.

We recommend: TO BUY

 

USD/JPY

USD/JPY is ready to reach the support level at 118.66. It is also important to mention, that the asset can also strengthen below the price support level at 118.23, which can help to form a trading range between 118.66 – 118.23. The beginning of the week could be active for USD/JPY, as the publication of the Manufacturing Index report is expected.

Binary Options Trading Tactics:

- In case of a broken trend, a target up to 119.48 will open.

- A further movement along the new trend can increase sales down to 118.23.

We recommend: TO BUY

 

GOLD

GOLD has stopped its growth. The current stable level against its rise is at a mark of 1205.90 USD/Ounce. It is important to note, that if the commodity repeats a scenario of fall, then we can expect a level of 1191.91. In the worst case there will be a mark of 1173.58 USD/Ounce.

Binary Options Trading Tactics:

- In case of further sales, we can expect to see 1191.91 USD/Ounce.

- In case of purchasing, we can expect levels of up to 1221.83 USD/Ounce.

We recommend: TO SELL

 

USD/CHF

USD/CHF has reached the support level of 0.95403 CHF. If the current key level is broken through, then there will be prospects for fall down to 0.94868 CHF. In case of growth, the currency pair’s value can increase up to 0.96755 CHF.

Binary Options Trading Tactics:

- The priority goal in case of fall is at the level of 0.94868 CHF.

- If there are further purchases, then we can see a level of 0.96755 CHF

We recommend: TO SELL

 

USD/RUB

USD/RUB maintains its confident downtrend (stabilizing the RUB). This time the pair is maintaining the support level of 48.24. The interest to sell might increase if the level of the current price is stable. In case of a turnaround and signals for purchasing, we might see prospects where the resistance level might reach 52.01 and higher up to 55.68.

Binary Options Trading Tactics:

- In case of a turnaround of the RUB from 52.01, we can expect a breaking signal against the trend and a reach of 55.68.

- If the RUB stabilizes, we can expect a goal of 48.24.

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.