Trading tactics for 05.12.2016 - 09.12.2016

EUR/USD

In the beginning of the week, EUR/USD was trading differently; other half pair grew and closed in the narrow corridor at the level 1.0656. The nearest resistance level is located at 1.0689. The nearest support levels are located at 1.0615 and 1.0552.

For Europe, this week, we recommend paying attention to Markit Composite PMI (Nov), ECB President Draghi Speech, Deposit Facility Rate, Interest Rate Decision (Dec) and ECB Press Conference.

For USA, we recommend to pay attention to ISM Non-Manufacturing PMI (Nov), JOLTs Job Openings (Oct), Crude Oil Inventories and to ISM Non-Manufacturing Employment (Nov).

- In case of rise, we recommend to buy up to 1.0689 and higher.

- In case of fall, we recommend to sell down to 1.0552

We recommend: TO BUY

 

GBP/USD

All week GBP/USD was trading positively and closed at the level 1.2720. The nearest resistance level is located at 1.2735. The nearest support levels are located at 1.2540 and 1.2386.

For Britain, we recommend paying attention to Services PMI (Nov), BoE Gov Carney Speech, BRC Retail Sales Monitor (YoY) (Nov) and Manufacturing Production (MoM) (Oct).

For USA, we recommend to pay attention to ISM Non-Manufacturing PMI (Nov), JOLTs Job Openings (Oct), Crude Oil Inventories and to ISM Non-Manufacturing Employment (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 differently and closed by growing to the level 0.7448. The nearest resistance level is located at 0.7496. The nearest support levels are located at levels 0.7432 and 0.7369.

For Australia, we recommend to pay attention to Interest Rate Decision (Dec), RBA Rate Statement and GDP (QoQ) (Q3).

For USA, we recommend to pay attention to ISM Non-Manufacturing PMI (Nov), JOLTs Job Openings (Oct), Crude Oil Inventories and to ISM Non-Manufacturing Employment (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7496

- In case of fall, we recommend to sell down 0.7369.

We recommend: TO AWAIT

 

USD/JPY

USD/JPY was trading positively and pair closed at the level 113.44. The nearest resistance level is located at 114.83. The nearest support levels are located at 113.26 and 111.63.

For Japan, pay attention to GDP (QoQ) (Q3), GDP (YoY) (Q3) and Current Account n.s.a. (Oct).

For USA, we recommend to pay attention to ISM Non-Manufacturing PMI (Nov), JOLTs Job Openings (Oct), Crude Oil Inventories and to ISM Non-Manufacturing Employment (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 114.83

- - In case of fall, we recommend to sell down 111.63

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 1.0093. The nearest resistance levels are located at 1.0129 and 1.0203. The nearest support level is located at 1.0069.

For Switzerland, pay attention to Unemployment Rate s.a. (Nov), Unemployment Rate n.s.a. (Nov), CPI (MoM) (Nov).

For USA, we recommend to pay attention to ISM Non-Manufacturing PMI (Nov), JOLTs Job Openings (Oct), Crude Oil Inventories and to ISM Non-Manufacturing Employment (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0129

- In case of fall, we recommend to sell down 1.0069

We recommend: TO SELL

 

GOLD

Previous week GOLD formed many different trends, but closed by falling to the level 1176. Important resistance levels are located at 1177 and 1194. Nearest support level is located at level 1160.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1194

- In case of fall, we recommend to sell down 1160

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.