Trading tactics for 24.10.2016 - 28.10.2016

EUR/USD

Almost all week EUR/USD was trading differently and pair closed in a narrow corridor at level 1.0882. There might be tendencies for the future growth. The nearest resistance levels are located at 1.0942 and 1.1033 The nearest support level is located at 1.0859.

For Europe, this week, we recommend paying attention to German Manufacturing PMI for October, German Ifo Business Climate Index for October and ECB President Draghi Speech.

For USA, we recommend to pay attention to GDP (QoQ) (Q3), Pending Home Sales (MoM) for September, Core Durable Goods Orders (MoM) for September, Crude Oil Inventories, New Home Sales for September and CB Consumer Confidence for October.

- In case of rise, we recommend to buy up to 1.0942 and higher.

- In case of fall, we recommend to sell down to 1.0859.

We recommend: TO AWAIT

 

GBP/USD

GBP/USD pair made many trend in the end of the week and closed at the level 1.2227. Might be expected future fall, but pay attention to the important news. The nearest resistance levels are located at 1.2235 and 1.2330. The nearest support level is located at 1.2169.

For Britain, we recommend paying attention to GDP (QoQ) (Q3), GDP (YoY) (Q3) and CFTC GBP speculative net positions.

For USA, we recommend to pay attention to GDP (QoQ) (Q3), Pending Home Sales (MoM) for September, Core Durable Goods Orders (MoM) for September, Crude Oil Inventories, New Home Sales for September and CB Consumer Confidence for October.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2330

- In case of fall, we recommend to sell down 1.2169.

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week cleated many different trends and closed in a narrow corridor at the level 0.7604. The nearest resistance levels are located at 0.7650 and 0.7734. The nearest support level is located at level 0.7586.

For Australia, we recommend to pay attention to CPI (QoQ) (Q3), Trimmed Mean CPI (QoQ) (Q3) and PPI (QoQ) (Q3).

For USA, we recommend to pay attention to GDP (QoQ) (Q3), Pending Home Sales (MoM) for September, Core Durable Goods Orders (MoM) for September, Crude Oil Inventories, New Home Sales for September and CB Consumer Confidence for October.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7734

- In case of fall, we recommend to sell down 0.7586.

We recommend: TO SELL

 

USD/JPY

USD/JPY all week was trading negatively and closed in a narrow corridor at level 103.82. Might be expected future fall. The nearest resistance level is located at 104.19. The nearest support levels are located at 103.66 and 103.15.

For Japan we recommend paying attention to Tokyo Core CPI (YoY) for October, National Core CPI (YoY) for September, Household Spending (YoY) for September and Household Spending (MoM) for September.

For USA, we recommend to pay attention to GDP (QoQ) (Q3), Pending Home Sales (MoM) for September, Core Durable Goods Orders (MoM) for September, Crude Oil Inventories, New Home Sales for September and CB Consumer Confidence for October.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 104.19

- In case of fall, we recommend to sell down 103.15

We recommend: TO AWAIT

 

USD/CHF

USD/CHF previous week was trading in a narrow corridor and pair closed in a narrow corridor at level 0.9930. Important resistance level is located at 0.9961. Nearest support level are located at levels 0.9896 and 0.9850.

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

For USA, we recommend to pay attention to GDP (QoQ) (Q3), Pending Home Sales (MoM) for September, Core Durable Goods Orders (MoM) for September, Crude Oil Inventories, New Home Sales for September and CB Consumer Confidence for October.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9961

- In case of fall, we recommend to sell down 0.9850.

We recommend: TO BUY

 

GOLD

Previous week GOLD formed many different trends, but closed in a narrow corridor at level 1265, but there might be tendencies for the future growth. Important resistance level is located at 1274. Nearest support levels are located at levels 1263 and 1253.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1274

- In case of fall, we recommend to sell down 1253

We recommend: TO AWAIT

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.