Trading tactics for 31.10.2016 - 04.11.2016

EUR/USD

Almost all week EUR/USD was trading in a narrow corridor, and then there were some positive trends, bur pair closed in fall at level 1.0985. There might be tendencies for the future growth. The nearest resistance level is located at 1.0992. The nearest support levels are located at 1.0929 and 1.0850.

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

For USA, we recommend to pay attention to ISM Manufacturing PMI for October, ADP Nonfarm Employment Change for October, Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, ISM Non-Manufacturing PMI for October, Nonfarm Payrolls for October and to Unemployment Rate for October.

- In case of rise, we recommend to buy up to 1.0992 and higher.

- In case of fall, we recommend to sell down to 1.0929.

We recommend: TO BUY

 

GBP/USD

GBP/USD pair made many trend in the end of the week and closed in a narrow corridr at the level.2179. The nearest resistance level is located at 1.2268. The nearest support levels are located at 1.2164 and 1.2082.

For Britain, we recommend paying attention to BoE MPC Meeting Minutes, Interest Rate Decision for November, BoE Inflation Report and to Construction PMI for October.

For USA, we recommend to pay attention to ISM Manufacturing PMI for October, ADP Nonfarm Employment Change for October, Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, ISM Non-Manufacturing PMI for October, Nonfarm Payrolls for October and to Unemployment Rate for October.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2268

- In case of fall, we recommend to sell down 1.2164

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading negatively and closed in a narrow corridor to the level 0.7593. The nearest resistance levels are located at 0.7617 and 0.7708. The nearest support level is located at level 0.7557.

For Australia, we recommend to pay attention to Interest Rate Decision for November, RBA Rate Statement and to Retail Sales (MoM) for September.

For USA, we recommend to pay attention to ISM Manufacturing PMI for October, ADP Nonfarm Employment Change for October, Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, ISM Non-Manufacturing PMI for October, Nonfarm Payrolls for October and to Unemployment Rate for October.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7708

- In case of fall, we recommend to sell down 0.7557

We recommend: TO AWAIT

 

USD/JPY

USD/JPY all week was trading differently and closed negatively at level 104.70. Might be expected future fall. The nearest resistance levels are located at 105.52 and 104.75. The nearest support level is located at 104.02.

For Japan pay attention to BoJ Monetary Policy Statement (YoY) and BoJ Outlook Report (YoY).

For USA, we recommend to pay attention to ISM Manufacturing PMI for October, ADP Nonfarm Employment Change for October, Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, ISM Non-Manufacturing PMI for October, Nonfarm Payrolls for October and to Unemployment Rate for October.

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 SELL

 

USD/CHF

USD/CHF previous week was trading in a narrow corridor. Pair closed negatively at level 0.9874. Important resistance levels are located at 0.9922 and 0.9999. Nearest support level is located at level 0.9857.

For Switzerland pay attention to Retail Sales (YoY) for September and to SVME PMI for October.

For USA, we recommend to pay attention to ISM Manufacturing PMI for October, ADP Nonfarm Employment Change for October, Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, ISM Non-Manufacturing PMI for October, Nonfarm Payrolls for October and to Unemployment Rate for October.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9999

- In case of fall, we recommend to sell down 0.9857

We recommend: TO SELL

 

GOLD

Previous week GOLD formed many different trends, but closed by growth to level 1284. Important resistance level is located at 1284. Nearest support level is located at levels 1272 and 1260.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1284

- In case of fall, we recommend to sell down 1260

We recommend: TO BUY

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.