Trading tactics for 22.08.2016 - 26.08.2016

EUR/USD

Almost all week EUR/USD was trading in narrow corridor, and then there were some positive trends, bur pair closed in the narrow corridor at level 1.1321. There might be tendencies for the future growth. The nearest resistance level is located at 1.1363. The nearest support levels are located at 1.1251 and 1.1174.

For Europe, this week, we recommend paying attention to German Manufacturing PMI for August, German GDP (QoQ) (Q2) and German Ifo Business Climate Index for August.

For USA, we recommend to pay attention to Existing Home Sales for July, Core Durable Goods Orders (MoM) for July and GDP (QoQ) (Q2).

- In case of rise, we recommend to buy up to 1.1363 and higher.

- In case of fall, we recommend to sell down to 1.1174.

We recommend: TO AWAIT

 

GBP/USD

GBP/USD pair made a negative trend in the end of the week and closed negatively at the level 1.3074. Might be expected future fall. There might be tendencies for the future growth. The nearest resistance level is located at 1.3184. The nearest support levels are located at 1.3010 and 1.2871.

For Britain, we recommend paying attention to GDP (YoY) (Q2).

For USA, we recommend to pay attention to Existing Home Sales for July, Core Durable Goods Orders (MoM) for July and GDP (QoQ) (Q2).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.3184

- In case of fall, we recommend to sell down 1.2871

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week cleated many different trends and closed in a narrow corridor at level 0.7624. The nearest resistance levels are located at 0.7660 and 0.7748. The nearest support levels is located at level 0.7598.

For Australia, we recommend to pay attention to Construction Work Done (QoQ) (Q2) and to Private New Capital Expenditure (QoQ).

For USA, we recommend to pay attention to Existing Home Sales for July, Core Durable Goods Orders (MoM) for July and GDP (QoQ) (Q2).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7660

- In case of fall, we recommend to sell down 0.7598

We recommend: TO AWAIT

 

USD/JPY

USD/JPY all week created many different trends closed in a narrow corridor at level 100.17. The nearest resistance levels are located at 100.37 and 101.28. The nearest support level is located at 99.53.

For Japan, we recommend to pay attention to National Core CPI (YoY) for July.

For USA, we recommend to pay attention to Existing Home Sales for July, Core Durable Goods Orders (MoM) for July and GDP (QoQ) (Q2).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 100.37

- In case of fall, we recommend to sell down 99.53

We recommend: TO AWAIT

 

USD/CHF

USD/CHF previous week was trading negatively. In the end of the week pair started to trade positively and closed at level 0.9599. Important resistance levels are located at 0.9642 and 0.9734. Nearest support level is located at level 0.9536.

For Switzerland, there will be no important news this week.

For USA, we recommend to pay attention to Existing Home Sales for July, Core Durable Goods Orders (MoM) for July and GDP (QoQ) (Q2).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9642.

- In case of fall, we recommend to sell down 0.9536.

We recommend: TO BUY

 

GOLD

Previous week GOLD formed many different trends, but closed by cutting fall to level 1341, but there might be tendencies for the future growth. Important resistance levels are located 1344 and 1357. Nearest support level is located at levels 1335.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1357

- In case of fall, we recommend to sell down 1335

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.