Trading tactics for 4.07.2016 - 8.07.2016

EUR/USD

EUR/USD has started to gradually increase in value after its active decline. It's worth mentioning, that earlier the euro's price dropped significantly due to the UK's decision to leave the EU. During the last week, the pair has risen from the 1.09 level up to 1.11 and keeps perspectives for a further growth. The nearest resistance level is located at 1.1189 and can be easily breached. On this week, the asset's price will directly depend on the US economic releases. In case of fall, we recommend to pay attention to the nearest support level at 1.0911.

There will be no important data for the Eurozone. As to the USA, we recommend to pay attention to the ADP Nonfarm Employment change, the ISM Non-Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.1189 and higher.

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

We recommend: TO BUY

 

GBP/USD

GBP/USD still keeps the negative trend. The pair continues to trade near its minimum values. There might be some new short-term trends on this week, but according to analysts' forecasts, GBP/USD’s value will remain on the previous level. In case of further decline, we recommend to pay attention to the nearest support level at 1.3114. The current level can be easily breached. In case of a trend reversal, the important resistance level will locate at 1.3977.

As to the UK, the Construction PMI and the Manufacturing Production reports will be released. As to the USA, we recommend to pay attention to the ADP Nonfarm Employment change, the ISM Non-Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1.3977.

- in case of fall, we recommend to sell down to 1.3114 and lower.

We recommend: TO SELL

 

AUD/USD

AUD/USD has started to gradually increase in value. On the last week, the pair has formed the clear positive trend by reaching the 0.74 – 0.75 levels. The fundamental data for Australia will be published in the beginning of this week, therefore a lot of positive and negative tendencies are expected. If AUD/USD continues to move along the upward trend, it can reach the nearest resistance level at 0.7647. With any negative tendencies, we recommend to pay attention to the important support level at 0.7284.

On Tuesday, the Interest rate decision for Australia will be announced, and will define the further value of the Australian dollar. As to the USA, we recommend to pay attention to the ADP Nonfarm Employment change, the ISM Non-Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

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 0.7284.

We recommend: TO BUY

 

USD/JPY

USD/JPY trades in a narrow range. During the whole last week, the pair was located near the 102 mark. We recommend traders to preferably open short-term trades until a clear trend occurs. The pair's trading ranges are located in 101 – 106. In case of USD/JPY’s fall, we recommend to pay attention to the nearest support level at 101.38. With any positive tendencies, the important resistance level will locate at 106.80.

There will be no important data for Japan. As to the USA, we recommend to pay attention to the ADP Nonfarm Employment change, the ISM Non-Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 106.80.

- in case of fall, we recommend to sell down to 101.38 and lower.

We recommend: TO AWAIT

 

GOLD

Gold has continued its intense growth. The asset's positive move is still being affected by the high demand, caused by the reduction in the values of the most basic world currencies after the Brexit referendum. It’s also known, that in the nearest time the Fed is not planning to increase the Interest rate, which has also influenced the Gold's price. In case of further growth, the asset can reach its nearest resistance level at 1358.14, which might also lead to new highs. With any negative tendencies, the nearest support level will locate at 1305.12.

As to the USA, we recommend to pay attention to the ADP Nonfarm Employment change, the ISM Non-Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of rise, we recommend to buy up to 1358.14 and higher.

- in case of fall, we recommend to sell down to 1305.12.

We recommend: TO BUY

 

USD/CHF

USD/CHF trades negatively. The American dollar's decrease has immediately reflected on the pair's price chart. USD/CHF has formed the clear negative trend and continues to fall in price. The nearest support level is located at 0.9705 and can be easily breached. USD/CHF’s value on this week will also directly depend on the US economic releases. In case of a trend reversal, we recommend to pay attention to the nearest resistance level at 0.9837.

There will be only some secondary data for Switzerland. As to the USA, we recommend to pay attention to the ADP Nonfarm Employment change, the ISM Non-Manufacturing PMI, the Crude oil inventories and the Unemployment rate.

Binary Option Trading Tactic:

- in case of fall, we recommend to sell down to 0.9705 and lower.

- in case of rise, we recommend to buy up to 0.9837 and higher.

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.