Trading tactics for 19.12.2016 - 23.12.2016

EUR/USD

In the beginning of the week, EUR/USD was trading in a narrow corridor; other half pair fallen and closed in the narrow corridor at the level 1.0449. The nearest resistance levels are located at 1.0502 and 1.0668. The nearest support level is located at 1.0366.

For Europe, this week, we recommend paying attention to German Ifo Business Climate Index (Dec), ECB Economic Bulletin and to CFTC EUR speculative net positions.

For USA, we recommend to pay attention to Fed Chair Yellen Speech, Existing Home Sales (Nov), Crude Oil Inventories, Core Durable Goods Orders (MoM) (Nov), GDP (QoQ) (Q3) and to New Home Sales (Nov).

- In case of rise, we recommend to buy up to 1.0668 and higher.

- In case of fall, we recommend to sell down to 1.0366

We recommend: TO SELL

 

GBP/USD

In the beginning of the week, GBP/USD was trading in a narrow corridor; other half pair fallen and closed in the narrow corridor at the level 1.2483. The nearest resistance levels are located at 1.2557 and 1.2726. The nearest support level is located at 1.2375.

For Britain, we recommend paying attention to GDP (QoQ) (Q3), GDP (YoY) (Q3), GDP (QoQ) (Q3) and GDP (YoY) (Q3).

For USA, we recommend to pay attention to Fed Chair Yellen Speech, Existing Home Sales (Nov), Crude Oil Inventories, Core Durable Goods Orders (MoM) (Nov), GDP (QoQ) (Q3) and to New Home Sales (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2726

- In case of fall, we recommend to sell down 1.2375.

We recommend: TO SELL

 

AUD/USD

AUD/USD previous week was trading differently and closed in a narrow corridor at the level 0.7299. The nearest resistance levels are located at 0.7384 and 0.7523. The nearest support level is located at level 0.7516.

For Australia, we recommend to pay attention to RBA Meeting Minutes and CFTC AUD speculative net positions.

For USA, we recommend to pay attention to Fed Chair Yellen Speech, Existing Home Sales (Nov), Crude Oil Inventories, Core Durable Goods Orders (MoM) (Nov), GDP (QoQ) (Q3) and to New Home Sales (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7523

- In case of fall, we recommend to sell down 0.7266

We recommend: TO SELL

 

USD/JPY

USD/JPY was trading positively and pair increased to the level 117.90. The nearest resistance level is located at 118.65. The nearest support levels are located at 116.56 and 114.77.

For Japan, pay attention to BoJ Monetary Policy Statement (YoY), BoJ Press Conference and to CFTC JPY speculative net positions.

For USA, we recommend to pay attention to Fed Chair Yellen Speech, Existing Home Sales (Nov), Crude Oil Inventories, Core Durable Goods Orders (MoM) (Nov), GDP (QoQ) (Q3) and to New Home Sales (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 118.65

- - In case of fall, we recommend to sell down 114.77.

We recommend: TO BUY

 

USD/CHF

USD/CHF in the middle of the week started an active growth and closed at level 1.0263. The nearest resistance level is located at 1.0342. The nearest support levels are located at 1.0202 and 1.0082.

For Switzerland, pay attention to KOF Leading Indicators (Dec).

For USA, we recommend to pay attention to Fed Chair Yellen Speech, Existing Home Sales (Nov), Crude Oil Inventories, Core Durable Goods Orders (MoM) (Nov), GDP (QoQ) (Q3) and to New Home Sales (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0342

- In case of fall, we recommend to sell down 1.0082.

We recommend: TO BUY

 

GOLD

Previous week GOLD formed many different trends, but closed by falling to the level 1134. Important resistance levels are located at 1144 and 1165. Nearest support level is located at level 1122.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1165

- In case of fall, we recommend to sell down 1122.

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.