Trading tactics for 21.11.2016 - 25.11.2016

EUR/USD

Almost all week EUR/USD was trading in a narrow corridor and falling to the level 1.0583. The nearest resistance levels are located at 1.0685 and 1.0814. The nearest support level is located at 1.0568.

For Europe, this week, we recommend paying attention to ECB President Draghi Speech, Services PMI (Nov), CFTC EUR speculative net positions, German Ifo Business Climate Index (Nov) and to German GDP (QoQ) (Q3).

For USA, we recommend to pay attention to FOMC Meeting Minutes, Crude Oil Inventories, New Home Sales (Oct), Core Durable Goods Orders (MoM) (Oct) and to Existing Home Sales (Oct).

- In case of rise, we recommend to buy up to 1.0814 and higher.

- In case of fall, we recommend to sell down to 1.0568

We recommend: TO AWAIT

 

GBP/USD

GBP/USD pair was trading differently and closed by falling to the level 1.2335. The nearest resistance levels are located at 1.2409 and 1.2526. The nearest support level is located at 1.2201.

For Britain, we recommend paying attention to CBI Industrial Trends Orders (Nov), BBA Mortgage Approvals, GDP (YoY) (Q3) and to GDP (QoQ) (Q3).

For USA, we recommend to pay attention to FOMC Meeting Minutes, Crude Oil Inventories, New Home Sales (Oct), Core Durable Goods Orders (MoM) (Oct) and to Existing Home Sales (Oct).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2526

- In case of fall, we recommend to sell down 1.2201.

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading negatively and closed by fall to the level 0.7330. The nearest resistance levels are located at 0.7449 and 0.7581. The nearest support level is located at level 0.7330.

For Australia, we recommend to pay attention to RBA Assist Gov Kent Speech, Construction Work Done (QoQ) (Q3) and to Private New Capital Expenditure (QoQ) (Q3).

For USA, we recommend to pay attention to FOMC Meeting Minutes, Crude Oil Inventories, New Home Sales (Oct), Core Durable Goods Orders (MoM) (Oct) and to Existing Home Sales (Oct).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7581

- In case of fall, we recommend to sell down 0.7330.

We recommend: TO SELL

 

USD/JPY

USD/JPY was trading positively and closed at the level 110.85. The nearest resistance level is located at 110.94. The nearest support levels are located at 109.07 and 107.76.

For Japan, pay attention to CFTC JPY speculative net positions, Tokyo Core CPI (YoY) (Nov) and to National Core CPI (YoY) (Oct).

For USA, we recommend to pay attention to FOMC Meeting Minutes, Crude Oil Inventories, New Home Sales (Oct), Core Durable Goods Orders (MoM) (Oct) and to Existing Home Sales (Oct).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 110.94

- In case of fall, we recommend to sell down 107.76.

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 уровне 1.0090. The nearest resistance level is located at 0.9896. The nearest support levels are located at 1.0007 and 0.9928.

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

For USA, we recommend to pay attention to FOMC Meeting Minutes, Crude Oil Inventories, New Home Sales (Oct), Core Durable Goods Orders (MoM) (Oct) and to Existing Home Sales (Oct).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0121

- In case of fall, we recommend to sell down 0.9928.

We recommend: TO BUY

 

GOLD

Previous week GOLD formed many different trends, but closed by falling to the level 1207. Important resistance levels are located at 1216 and 1232. Nearest support level is located at levels 1202.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1232

- In case of fall, we recommend to sell down 1202.

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.