Trading tactics for 25.07.2016 - 29.07.2016

EUR/USD

EUR/USD during past week created many short lasting trends and fallen to level 1.0973. There might be tendencies for the future growth. The nearest resistance levels are located at 1.1079 and 1.1014. The nearest support level is located at 1.0953.

This week, we recommend paying attention to German Ifo Business Climate Index for and German Unemployment Change statistics for July.

For USA there will be three important news: CB Consumer Confidence for July, Pending Home Sales statistics (MoM) for June, and FOMC statement statistics.

- In case of rise, we recommend to buy up to 1.1079 and higher.

- In case of fall, we recommend to sell down to 1.0953.

We recommend: TO SELL

 

GBP/USD

GBP/USD made few negative trends previous week and fallen low at level 1.3111. Might be expected future fall. The nearest resistance levels are located at 1.3164 and 1.3288. The nearest support level is located at 1.3063.

For Britain will be few important news. We recommend to pay attention to Nationwide HPI (YoY) statistics for July, CBI Industrial Trends Orders for July and BoE Consumer Credit for June.

For USA there will be three important news: CB Consumer Confidence for July, Pending Home Sales statistics (MoM) for June, and FOMC statement statistics.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.3288

- In case of fall, we recommend to sell down 1.3063

We recommend: TO SELL

 

AUD/USD

AUD/USD previous week had many negative trends. Currency pair located at level 0.7462. The nearest resistance levels are located at 0.7498 and 0.7606. The nearest support level is located at level 0.7442.

For Australia we recommend to pay attention to Consumer Price Index (CPI) for and Private Sector Credit (MoM) for June.

For USA there will be three important news: CB Consumer Confidence for July, Pending Home Sales statistics (MoM) for June, and FOMC statement statistics.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7606

- In case of fall, we recommend to sell down 0.7442

We recommend: TO AWAIT

 

USD/JPY

USD/JPY for the past few days was trading positively. Pair closed in a narrow corridor at the level 105.98. Might be expected future fall. The nearest resistance levels are located at 106.39 and 107.49. The nearest support level is located at 105.42.

This week pay attention to BoJ Outlook Report (YoY) and BoJ Press Conference.

For USA there will be three important news: CB Consumer Confidence for July, Pending Home Sales statistics (MoM) for June, and FOMC statement statistics.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 107.49

- In case of fall, we recommend to sell down 105.42

We recommend: TO AWAIT

 

USD/CHF

USD/CHF previous week formed many negative short trends. Pair closed at level 0.9867 in a narrow corridor. Important resistance level is located at 0.9906. Nearest support levels are located at levels 0.9864 and 0.9810.

For Switzerland pay attention to KOF Leading Indicators statistics for July.

For USA there will be three important news: CB Consumer Confidence for July, Pending Home Sales statistics (MoM) for June, and FOMC statement statistics.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9906

- In case of fall, we recommend to sell down 0.9810

We recommend: TO AWAIT

 

GOLD

Previous week GOLD formed many negative trends, but closed negatively at the level 1322, but there might be tendencies for the future decrease. Important resistance levels are located at 1322 and 1337. Nearest support level is located at level 1310.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1337

- In case of fall, we recommend to sell down 1310

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.