Trading tactics for 14.11.2016 - 18.11.2016

EUR/USD

Almost all week EUR/USD was trading positively and after USA election, pair started to fall and closed in the narrow corridor at level 1.0848. The nearest resistance levels are located at 1.1052 and 1.1298. The nearest support level is located at 1.0830.

For Europe, this week, we recommend paying attention to German GDP (QoQ) (Q3), German ZEW Economic Sentiment for November and to CPI (YoY) for October.

For USA, we recommend to pay attention to Core Retail Sales (MoM) for October, Retail Sales (MoM) for October, PPI (MoM) for October, Crude Oil Inventories, Building Permits for October, Core CPI (MoM) for October and Philadelphia Fed Manufacturing Index for November.

- In case of rise, we recommend to buy up to 1.1298 and higher.

- In case of fall, we recommend to sell down to 1.0830.

We recommend: TO AWAIT

 

GBP/USD

GBP/USD pair positively and closed in a narrow corridor at the level 1.2587. The nearest resistance level is located at 1.2673. The nearest support levels are located at 1.2503 and 1.2350.

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

For USA, we recommend to pay attention to Core Retail Sales (MoM) for October, Retail Sales (MoM) for October, PPI (MoM) for October, Crude Oil Inventories, Building Permits for October, Core CPI (MoM) for October and Philadelphia Fed Manufacturing Index for November.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2673

- In case of fall, we recommend to sell down 1.2350.

We recommend: TO BUY

 

AUD/USD

AUD/USD previous week cleated many different trends and closed by fall to the level 0.7536. The nearest resistance levels are located at 0.7645 and 0.7776. The nearest support level is located at level 0.7524.

For Australia, we recommend to pay attention to Employment Change for October.

For USA, we recommend to pay attention to Core Retail Sales (MoM) for October, Retail Sales (MoM) for October, PPI (MoM) for October, Crude Oil Inventories, Building Permits for October, Core CPI (MoM) for October and Philadelphia Fed Manufacturing Index for November.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7776

- In case of fall, we recommend to sell down 0.7524

We recommend: TO SELL

 

USD/JPY

USD/JPY in the middle of the week started an active growth and closed in a narrow corridor at level 106.58. The nearest resistance level is located at 106.93. The nearest support levels are located at 103.88 and 101.21

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

For USA, we recommend to pay attention to Core Retail Sales (MoM) for October, Retail Sales (MoM) for October, PPI (MoM) for October, Crude Oil Inventories, Building Permits for October, Core CPI (MoM) for October and Philadelphia Fed Manufacturing Index for November.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 106.93

- In case of fall, we recommend to sell down 101.21.

We recommend: TO BUY

 

USD/CHF

USD/CHF in the middle of the week started an active growth and closed in a narrow corridor at level 0.9874. The nearest resistance level is located at 0.9896. The nearest support levels are located at 0.9714 and 0.9549.

For Switzerland, pay attention to PPI (MoM) for October.

For USA, we recommend to pay attention to Core Retail Sales (MoM) for October, Retail Sales (MoM) for October, PPI (MoM) for October, Crude Oil Inventories, Building Permits for October, Core CPI (MoM) for October and Philadelphia Fed Manufacturing Index for November.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9896

- In case of fall, we recommend to sell down 0.9549.

We recommend: TO BUY

 

GOLD

Previous week GOLD formed many different trends, but closed by falling to the level 1226, but there might be tendencies for the future growth. Important resistance levels are located at 1274 and 1337. Nearest support level is located at levels 1219.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1337

- In case of fall, we recommend to sell down 1219.

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.