Trading tactics for 27.06.2016 - 1.07.2016

EUR/USD

EUR/USD on the last week showed the clear negative dynamics due to the Brexit referendum in the UK. The pair's value dropped by 5 points, from the 1.14 level down to 1.09. Afterwards EUR/USD started to gradually increase in value. Now the asset's price has stopped at 1.1082. In a long-term perspective, the pair's further move is indefinite. We recommend traders to open preferably short-term trades until a clear trend appears. The important resistance and support levels are located at 1.1179 and 1.0911.

As to the Eurozone, the German Unemployment change and the Consumer price index reports will be released. As to the USA, we recommend to pay attention to the GDP data for the 1st quarter, the CB Consumer Confidence, the Crude oil inventories and the ISM Manufacturing PMI.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.1179 and higher.

- in case of fall, we recommend to sell down to 1.0911 and lower.

We recommend: TO AWAIT

 

GBP/USD

Last Thursday, GBP/USD during the same day formed clear positive and negative trends. The Brexit referendum's results exceeded analysts' expectations, since the majority of the UK population has voted to leave the European Union. The pair has reached the 1.50 level, but afterwards showed a sharp fall to the 1.3227 mark, which was it's minimum value since 2009 and currently is the nearest support level. In case of rise, we recommend to pay attention to the important resistance level at 1.4087.

On Thursday, the GDP data for the UK will be released. As to the USA, we recommend to pay attention to the GDP data for the 1st quarter, the CB Consumer Confidence, the Crude oil inventories and the ISM Manufacturing PMI.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.4087 and higher.

- in case of fall, we recommend to sell down to 1.3227 and lower.

We recommend: TO AWAIT

 

AUD/USD

The active move of the AUD/USD’s price chart was also caused by the Brexit referendum. The pair's value has dropped by 4 points, from the 0.76 mark down to 0.72. Afterwards a positive trend has started to gradually form, therefore there's a possibility, that AUD/USD will reach its previous values. In case of further growth, we recommend to pay attention to the nearest resistance level at 0.7647. The nearest support level is located at 0.7285.

There will be only some secondary data for Australia. As to the USA, we recommend to pay attention to the GDP data for the 1st quarter, the CB Consumer Confidence, the Crude oil inventories and the ISM Manufacturing PMI.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 0.7647.

- in case of fall, we recommend to sell down to 0.7285.

We recommend: TO BUY

 

USD/JPY

USD/JPY has also formed a clear negative trend due to the expectations of the Brexit referndum. The pair has fallen to the 98.81 mark, which is also its minimum value since November 2013. Afterwards USD/JPY started to gradually increase in value. The asset's price has stopped at 102.19, but the price chart currently doesn't show any clear tendencies. We recommend traders to open only short-term trades until a clear trend appears. The important resistance and support levels are located at 107.91 and 98.81.

On Friday, the Tankan Large Manufacturers and Non-Manufacturers Indices for Japan will be released. As to the USA, we recommend to pay attention to the GDP data for the 1st quarter, the CB Consumer Confidence, the Crude oil inventories and the ISM Manufacturing PMI.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 107.91.

- in case of fall, we recommend to sell down to 98.81.

We recommend: TO AWAIT

 

GOLD

Gold has shown the record growth after the announcement of the Brexit final results. The majority of the UK population has voted to leave the EU, which increased the demand on such safe assets as Gold. The asset has reached its high since August 2014 at 1357.56, which is also its nearest resistance level. The asset's value has stopped at 1314, and keeps perspectives for a further rise. In case of decline, we recommend to pay attention to the important support level at 1291.02.

As to the USA, we recommend to pay attention to the GDP data for the 1st quarter, the CB Consumer Confidence, the Crude oil inventories and the ISM Manufacturing PMI.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1357.96.

- in case of fall, we recommend to sell down to 1291.02 and lower.

We recommend: TO BUY

 

USD/CHF

USD/CHF has also formed the clear positive trend after the Brexit referendum. The UK’s further plan to leave the EU has strengthened the American dollar, which immediately reflected the pair’s price chart. USD/CHF keeps positive tendencies, therefore we recommend to pay attention to the nearest resistance level at 0.9802. The asset's price on this week will directly depend on the US economic releases. In case of fall, we recommend to pay attention to the important support level at 0.9521.

There will be only some secondary data for Switzerland. As to the USA, we recommend to pay attention to the GDP data for the 1st quarter, the CB Consumer Confidence, the Crude oil inventories and the ISM Manufacturing PMI.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9521.

- in case of rise, we recommend to buy up to 0.9802 and higher.

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.