Trading tactics for 17.10.2016 - 21.10.2016

EUR/USD

Almost all week EUR/USD was trading negatively, and then there were some positive trends, bur pair closed in fall at level 1.0970. There might be tendencies for the future growth. The nearest resistance levels are located at 1.1056 and 1.1143. The nearest support level is located at 1.0970.

For Europe, this week, we recommend paying attention to CPI (YoY) for September, Deposit Facility Rate, Interest Rate Decision for October, ECB Press Conference, EU Leaders Summit and to EU Leaders Summit.

For USA, we recommend to pay attention to Existing Home Sales for September, Philadelphia Fed Manufacturing Index for October, Crude Oil Inventories, Building Permits for September, Core CPI (MoM) for September.

- In case of rise, we recommend to buy up to 1.1143 and higher.

- In case of fall, we recommend to sell down to 1.0970.

We recommend: TO SELL

 

GBP/USD

GBP/USD pair made many trend in the end of the week and closed at the level 1.2185. Might be expected future fall. There might be tendencies for the future growth. The nearest resistance levels are located at 1.2226 and 1.2379. The nearest support level is located at 1.2088

For Britain, we recommend paying attention to CPI (YoY) for September, Average Earnings Index +Bonus for August and to Claimant Count Change for September.

For USA, we recommend to pay attention to Existing Home Sales for September, Philadelphia Fed Manufacturing Index for October, Crude Oil Inventories, Building Permits for September, Core CPI (MoM) for September.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2379

- In case of fall, we recommend to sell down 1.2088

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week cleated many different trends and closed by growing to the level 0.7615. The nearest resistance level is located at 0.7646. The nearest support levels are located at level 0.7577 and 0.7506.

For Australia, we recommend to pay attention to RBA Meeting Minutes.

For USA, we recommend to pay attention to Existing Home Sales for September, Philadelphia Fed Manufacturing Index for October, Crude Oil Inventories, Building Permits for September, Core CPI (MoM) for September.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7646

- In case of fall, we recommend to sell down 0.7506.

We recommend: TO AWAIT

 

USD/JPY

USD/JPY all week was trading negatively and closed in a narrow corridor at level 104.18. Might be expected future fall. The nearest resistance levels are located at 103.77 and 103.16. The nearest support level is located at 104.62.

For Japan there will be no important news this week.

For USA, we recommend to pay attention to Existing Home Sales for September, Philadelphia Fed Manufacturing Index for October, Crude Oil Inventories, Building Permits for September, Core CPI (MoM) for September.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 104.62

- In case of fall, we recommend to sell down 103.16

We recommend: TO AWAIT

 

USD/CHF

USD/CHF previous week was trading positively. Pair closed at level 0.9901. Important resistance level is located at 0.9909. Nearest support level are located at levels 0.9858 and 0.9819

For Switzerland there will be no important news this week.

For USA, we recommend to pay attention to Existing Home Sales for September, Philadelphia Fed Manufacturing Index for October, Crude Oil Inventories, Building Permits for September, Core CPI (MoM) for September.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9909

- In case of fall, we recommend to sell down 0.9819.

We recommend: TO BUY

 

GOLD

Previous week GOLD formed many different trends, but closed by cutting fall to level 1250, but there might be tendencies for the future growth. Important resistance levels are located at 1252 and 1261. Nearest support level is located at levels 1245.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1261

- In case of fall, we recommend to sell down 1245

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.