Trading tactics for 28.11.2016 - 02.12.2016

EUR/USD

Almost all week EUR/USD was trading in a narrow corridor and after falling, closed at the level 1.0575. The nearest resistance levels are located at 1.0584 and 1.0657. The nearest support level is located at 1.0517.

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

For USA, we recommend to pay attention to GDP (QoQ) (Q3), CB Consumer Confidence (Nov), ADP Nonfarm Employment Change (Nov), ISM Manufacturing PMI (Nov), Nonfarm Payrolls (Nov) and to Unemployment Rate (Nov).

- In case of rise, we recommend to buy up to 1.0657 and higher.

- In case of fall, we recommend to sell down to 1.0517

We recommend: TO AWAIT

 

GBP/USD

GBP/USD pair was trading differently and closed by growing to the level 1.2470. The nearest resistance level is located at 1.2512. The nearest support levels are located at 1.2427 and 1.2359.

For Britain, we recommend paying attention to Construction PMI (Nov) and to Manufacturing PMI (Nov).

For USA, we recommend to pay attention to GDP (QoQ) (Q3), CB Consumer Confidence (Nov), ADP Nonfarm Employment Change (Nov), ISM Manufacturing PMI (Nov), Nonfarm Payrolls (Nov) and to Unemployment Rate (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2512

- In case of fall, we recommend to sell down 1.2359.

We recommend: TO BUY

 

AUD/USD

AUD/USD previous week was trading positively and closed in a narrow corridor at the level 0.7430. The nearest resistance level is located at 0.7466. The nearest support levels are located at levels 0.7399 and 0.7345.

For Australia, we recommend to pay attention to Retail Sales (MoM) (Oct), Private Sector Credit (MoM) (Oct), Building Approvals (MoM) (Oct) and to Private Sector Credit (MoM) (Oct).

For USA, we recommend to pay attention to GDP (QoQ) (Q3), CB Consumer Confidence (Nov), ADP Nonfarm Employment Change (Nov), ISM Manufacturing PMI (Nov), Nonfarm Payrolls (Nov) and to Unemployment Rate (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7466

- In case of fall, we recommend to sell down 0.7345

We recommend: TO BUY

 

USD/JPY

USD/JPY was trading in a narrow corridor, after growth pair closed at the level 113.10. The nearest resistance level is located at 113.89. The nearest support levels are located at 111.98 and 110.27.

For Japan, pay attention to Retail Sales (YoY) (Oct), Jobs/applications ratio (Oct), Household Spending (YoY) (Oct) and to Household Spending (MoM) (Oct).

For USA, we recommend to pay attention to GDP (QoQ) (Q3), CB Consumer Confidence (Nov), ADP Nonfarm Employment Change (Nov), ISM Manufacturing PMI (Nov), Nonfarm Payrolls (Nov) and to Unemployment Rate (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 113.89

- In case of fall, we recommend to sell down 110.27

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 1.0125. The nearest resistance levels are located at 1.0129 and 1.0189. The nearest support level is located at 1.0066.

For Switzerland, pay attention to GDP (QoQ) (Q3), GDP (YoY) (Q3), SVME PMI (Nov) and to KOF Leading Indicators (Nov).

For USA, we recommend to pay attention to GDP (QoQ) (Q3), CB Consumer Confidence (Nov), ADP Nonfarm Employment Change (Nov), ISM Manufacturing PMI (Nov), Nonfarm Payrolls (Nov) and to Unemployment Rate (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0189

- In case of fall, we recommend to sell down 1.0066.

We recommend: TO AWAIT

 

GOLD

Previous week GOLD formed many different trends, but closed by falling to the level 1183. Important resistance levels are located at 1194 and 1221. Nearest support level is located at level 1170.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1221

- In case of fall, we recommend to sell down 1170

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.