Trading tactics for 16.01.2017 - 20.01.2017

EUR/USD

In the beginning of the week, EUR/USD was trading differently and closed at the level 1.0639. The nearest resistance level is located at 1.0684. The nearest support levels are located at 1.0559 and 1.0453.

For Europe, this week, we recommend paying attention to German ZEW Economic Sentiment (Jan), CPI (YoY) (Dec), Deposit Facility Rate, ECB Interest Rate Decision (Jan) and ECB Press Conference.

For USA, we recommend to pay attention to Core CPI (MoM) (Dec), Fed Chair Yellen Speech, Building Permits (Dec), Philadelphia Fed Manufacturing Index (Jan), Crude Oil Inventories and  U.S. President Trump Speech.

- In case of rise, we recommend to buy up to 1.0453 and higher.

- In case of fall, we recommend to sell down to 1.0639

We recommend: TO BUY

 

GBP/USD

In the beginning of the week, GBP/USD was trading in a narrow corridor, then started to grow and closed at the level 1.2173. The nearest resistance level is located at 1.2315. The nearest support levels are located at 1.2164 and 1.2037

For Britain, we recommend paying attention to CPI (YoY) (Dec), U.K. Prime Minister May Speech, Average Earnings Index +Bonus (Nov), Claimant Count Change (Dec) and Retail Sales (MoM) (Dec).

For USA, we recommend to pay attention to Core CPI (MoM) (Dec), Fed Chair Yellen Speech, Building Permits (Dec), Philadelphia Fed Manufacturing Index (Jan), Crude Oil Inventories and to U.S. President Trump Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2315

- In case of fall, we recommend to sell down 1.2037

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7494. The nearest resistance level is located at 0.7517. The nearest support levels are located at 0.7417 and 0.7330.

For Australia, pay attention to Employment Change (Dec).

For USA, we recommend to pay attention to Core CPI (MoM) (Dec), Fed Chair Yellen Speech, Building Permits (Dec), Philadelphia Fed Manufacturing Index (Jan), Crude Oil Inventories and to U.S. President Trump Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7494

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

We recommend: TO BUY

 

USD/JPY

USD/JPY was trading positively and pair closed at the level 114.44. The nearest resistance levels are located at 115.18 and 116.86. The nearest support levels are located at 113.76.

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

For USA, we recommend to pay attention to Core CPI (MoM) (Dec), Fed Chair Yellen Speech, Building Permits (Dec), Philadelphia Fed Manufacturing Index (Jan), Crude Oil Inventories and to U.S. President Trump Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 116.86

- In case of fall, we recommend to sell down 113.76.

We recommend: TO SELL

 

USD/CHF

USD/CHF was trading differently and closed at level 1.0070. The nearest resistance levels are located at 1.0141 and 1.0247. The nearest support level is located at 1.0052.

For Switzerland, pay attention to Unemployment Rate s.a. (Dec).

For USA, we recommend to pay attention to Core CPI (MoM) (Dec), Fed Chair Yellen Speech, Building Permits (Dec), Philadelphia Fed Manufacturing Index (Jan), Crude Oil Inventories and to U.S. President Trump Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0247

- In case of fall, we recommend to sell down 1.0052

We recommend: TO SELL

 

GOLD

Previous week GOLD was trading differently, but closed at the level 1196. Important resistance level is located at 1206. Nearest support levels are located at level 1190 and 1177.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1206

- In case of fall, we recommend to sell down 1177

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.