Trading tactics for 02.01.2017 - 06.01.2017

EUR/USD

In the beginning of the week, EUR/USD was trading in a narrow corridor and closed in the narrow corridor at the level 1.0517. The nearest resistance level is located at 1.0648. The nearest support levels are located at 1.0511 and 1.0371.

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

For USA, we recommend to pay attention to ISM Manufacturing PMI (Dec), ADP Nonfarm Employment Change (Dec), ISM Non-Manufacturing PMI (Dec), Nonfarm Payrolls (Dec) and to Unemployment Rate (Dec).

- In case of rise, we recommend to buy up to 1.0648 and higher.

- In case of fall, we recommend to sell down to 1.0371

We recommend: TO AWAIT

 

GBP/USD

In the beginning of the week, GBP/USD was trading in a narrow corridor; other half pair increased and closed at the level 1.2339. The nearest resistance level is located at 1.2387. The nearest support levels are located at 1.2301 and 1.2200.

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

For USA, we recommend to pay attention to ISM Manufacturing PMI (Dec), ADP Nonfarm Employment Change (Dec), ISM Non-Manufacturing PMI (Dec), Nonfarm Payrolls (Dec) and to Unemployment Rate (Dec).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2387

- In case of fall, we recommend to sell down 1.2200.

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading differently and closed negatively at the level 0.7193. The nearest resistance levels are located at 0.7201 and 0.7246. The nearest support level is located at level 0.7162.

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

For USA, we recommend to pay attention to ISM Manufacturing PMI (Dec), ADP Nonfarm Employment Change (Dec), ISM Non-Manufacturing PMI (Dec), Nonfarm Payrolls (Dec) and to Unemployment Rate (Dec).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7246

- In case of fall, we recommend to sell down 0.7162

We recommend: TO AWAIT

 

USD/JPY

USD/JPY was trading positively and pair closed at the level 116.95. The nearest resistance level is located at 117.80. The nearest support levels are located at 116.88 and 116.03.

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

For USA, we recommend to pay attention to ISM Manufacturing PMI (Dec), ADP Nonfarm Employment Change (Dec), ISM Non-Manufacturing PMI (Dec), Nonfarm Payrolls (Dec) and to Unemployment Rate (Dec).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 117.80

- - In case of fall, we recommend to sell down 116.03.

We recommend: TO AWAIT

 

USD/CHF

USD/CHF was trading in a narrow corridor and closed at level 1.0176. The nearest resistance levels are located at 1.0181 and 1.0315. The nearest support level is located at 1.0062.

For Switzerland, pay attention to CPI (MoM) (Dec).

For USA, we recommend to pay attention to ISM Manufacturing PMI (Dec), ADP Nonfarm Employment Change (Dec), ISM Non-Manufacturing PMI (Dec), Nonfarm Payrolls (Dec) and to Unemployment Rate (Dec).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0315

- In case of fall, we recommend to sell down 1.0062

We recommend: TO AWAIT

 

GOLD

Previous week GOLD formed many different trends, but closed by falling to the level 1151. Important resistance level is located at 1163. Nearest support levels are located at level 1144 and 1131.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1163

- In case of fall, we recommend to sell down 1131.

We recommend: TO BUY

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.