Trading tactics for 29.08.2016 - 02.09.2016

EUR/USD

Almost all week EUR/USD was trading in narrow corridor and pair closed falling to the level 1.1193. The nearest resistance levels are located at 1.1257 and 1.1353. The nearest support level is located at 1.1179.

For Europe, this week, we recommend paying attention to German Unemployment Change for August, CPI (YoY) for August, German Manufacturing PMI for August, Manufacturing PMI for August and Spanish Unemployment Change.

For USA, we recommend to pay attention to CB Consumer Confidence for August, Core PCE Price Index (YoY) for July, ADP Nonfarm Employment Change for August, Nonfarm Payrolls for August and Unemployment Rate for August.

- In case of rise, we recommend to buy up to 1.1353 and higher.

- In case of fall, we recommend to sell down to 1.1179.

We recommend: TO AWAIT
 

GBP/USD

GBP/USD pair made many different this week and closed falling to the level 1.3131. Might be expected future fall. There might be tendencies for the future growth. The nearest resistance levels are located at 1.1363 and 1.1257. The nearest support level is located at 1.1179.

For Britain, we recommend paying attention to Construction PMI for August, Manufacturing PMI for August and Nationwide HPI (MoM) for August.

For USA, we recommend to pay attention to CB Consumer Confidence for August, Core PCE Price Index (YoY) for July, ADP Nonfarm Employment Change for August, Nonfarm Payrolls for August and Unemployment Rate for August.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.3163

- In case of fall, we recommend to sell down 1.1169

We recommend: TO SELL
 

AUD/USD

AUD/USD previous week cleated many different trends and closed falling to the level 0.7562. The nearest resistance levels are located at 0.7618 and 0.7691. The nearest support levels is located at level 0.7550.

For Australia, we recommend to pay attention to Retail Sales (MoM) for July and RBA Assist Gov Debelle Speaks.

For USA, we recommend to pay attention to CB Consumer Confidence for August, Core PCE Price Index (YoY) for July, ADP Nonfarm Employment Change for August, Nonfarm Payrolls for August and Unemployment Rate for August.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7691

- In case of fall, we recommend to sell down 0.7550

We recommend: TO WAIT
 

USD/JPY

USD/JPY all week was trading in a narrow corridor and closed by cutting growth to the level 101.81. Might be expected future growth. The nearest resistance level is located at 101.95. The nearest support levels are located at 100.95 and 100.05.

For Japan, we recommend to pay attention to Capital Spending (YoY) (Q2) and Industrial Production (MoM) for July.

For USA, we recommend to pay attention to CB Consumer Confidence for August, Core PCE Price Index (YoY) for July, ADP Nonfarm Employment Change for August, Nonfarm Payrolls for August and Unemployment Rate for August.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 101.95

- In case of fall, we recommend to sell down 100.05

We recommend: TO BUY
 

USD/CHF

USD/CHF previous week was trading positively. Pair made a cutting increase and closed at level 0.9780. The nearest resistance level is located at 0.9791. The nearest support levels are located at 0.9687 and 0.9592.

For Switzerland, we recommend to pay attention to KOF Leading Indicators for August and SVME PMI for August.

For USA, we recommend to pay attention to CB Consumer Confidence for August, Core PCE Price Index (YoY) for July, ADP Nonfarm Employment Change for August, Nonfarm Payrolls for August and Unemployment Rate for August.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9791

- In case of fall, we recommend to sell down 0.9592

We recommend: TO BUY

 

GOLD

Previous week GOLD formed many negative trends, but closed by cutting fall to level 1321, but there might be tendencies for the future growth. Important resistance level are located at 1330 and 1344. Nearest support level is located at levels 1317.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1344

- In case of fall, we recommend to sell down 1317

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.