Trading tactics for 27.02 - 06.03

EUR/USD

EUR/USD has strengthened in the lower trading ranges despite of the strong resistance level. In particular, the trading range between 1.12848 – 1.11012 will be an area, where the pair could trade for a long while. At this moment sales are increasing, this way the 1.11012 level could be reached.

As to the upcoming week, the ECB statement regarding the interest rates with a following press conference can strongly influence the euro.

Trading tactics for binary options look as follows:

- An attempt to return in the previous range will open a target up to 1.12848.

- In case of further confident sales, the pair could reach the 1.11012 level.

We recommend: TO SELL

 

GBP/USD

GBP/USD is not intended to trade in higher price ranges. The strong reversal of the price chart leads the asset to the trading range between 1.53387 – 1.54450. There are preconditions for further sales, therefore the scenario of reaching the support level at 1.53387 can occur. This level is very important.

On the upcoming week, the announcement of the interest rates by the Bank of England can strongly influence the British pound.

Trading tactics for binary options look as follows:

- In case of a further decrease, we recommend to focus at 1.53387.

- A possible reversal from the trend support level will open a target up to 1.55844.

We recommend: TO SELL lower than 1.54450.

 

AUD/USD

The price chart for AUD/USD is holding the barrier at 0.78791. If the pair is pushed from the trend resistance line, just like from 0.78791, new sales down to 0.77728 can begin. With such scenario the next reliable barrier will be at 0.77728 where new purchases can possibly start at.

We would like to point out, that the announcement of the interest rates by the Reserve Bank of Australia will be a very important event, especially for those traders, who preferably trade with the pair.

Trading tactics for binary options look as follows:

- A confident decrease will open a target down to 0.77728 and 0.76465.

- If the asset overcomes the trend resistance line, a new target up to 0.80286 will open.

We recommend: TO SELL

 

USD/JPY

USD/JPY trades indefinitely within the formed triangle. With a possibility to leave the formed figure, some purchases could possibly occur. An effective signal to open a deal will appear. Besides that, the technical barrier at 118.66 prevents the pair of further strengthening, and could be a point where the asset starts to grow at.

Trading tactics for binary options look as follows:

- In case of breaching the support level at 118.66, there will be a signal to sell.

- In case of leaving the triangle, a new target up to 120.69 will appear.

We recommend: TO BUY

 

GOLD

GOLD trades negatively despite of the confident purchases in the beginning of the previous week. The strong resistance level against a further rise is located at 1219.14. That’s why most traders are preferably focusing on sales. In case of scenario when Gold will continue to decrease in value, a new perspective target down to 1.205.90 and 1191.91 can open.

Trading tactics for binary options look as follows:

- In case of reversal, a target up to 1219.14 will open.

- In case of further decrease, a target down to 1191.91 will open.

We recommend: TO SELL

 

USD/CHF

USD/CHF trades near the bunch of key levels. Besides that, the Swiss franc is quite overbought, which indicates that it will fall imminently. Therefore in case of such scenario, we can expect the asset to trade not lower than 0.94468. Since this level is a key point for new purchases among investors.

Trading tactics for binary options look as follows:

- In case of confident sales, we recommend to focus at 0.95166 and 0.94862.

- In case of further rise, a new target up to 0.96077 will open.

We recommend: TO SELL

 

USD/RUB

USD/RUB is being prevented from strengthening by the level at 59.96. Furthermore, the pair is located in a trading range between 61.15 – 59.96, where the confident way out of the formed levels will give an effective signal to open a position. If the asset reverses in the direction of depreciation, a new target up to 63.30 will open.

Trading tactics for binary options look as follows:

- In case of strengthening we can expect a breach of the 61.15 level with a further rise up to 63.30.

- In case of strengthening a target down to 59.96 and lower will open.

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.