Trading tactics for 30.01.2017 - 3.02.2017

EUR/USD

Almost all week EUR/USD was trading in narrow corridor, then there were some negative trends, and pair closed at level 1.0691. The nearest resistance levels are located at 1.0712 and 1.0773. The nearest support levels are located at 1.0658.

For Europe, this week, we recommend paying attention to ECB President Draghi Speech, German Unemployment Change (Jan), CPI (YoY) (Jan), CB Consumer Confidence (Jan), German Manufacturing PMI (Jan) and to ECB President Draghi Speech.

For USA, we recommend to pay attention to Pending Home Sales (MoM) (Dec), CB Consumer Confidence (Jan), ADP Nonfarm Employment Change (Jan), ISM Manufacturing PMI (Jan), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Jan), Unemployment Rate (Jan) and to ISM Non-Manufacturing PMI (Jan).

- In case of rise, we recommend to buy up to 1.0773 and higher.

- In case of fall, we recommend to sell down to 1.0658.

We recommend: TO SELL

 

GBP/USD

GBP/USD pair was trading positively and in the end of the week, pair closed at the level 1.2543. Might be expected future fall. There might be tendencies for the future growth. The nearest resistance levels are located at 1.2549 and 1.2673. The nearest support level is located at 1.2418.

For Britain, we recommend paying attention to Services PMI (Jan), BoE Gov Carney Speech, BoE MPC Meeting Minutes, BoE Interest Rate Decision (Jan), BoE Inflation Report and to Manufacturing PMI (Jan).

For USA, we recommend to pay attention to Pending Home Sales (MoM) (Dec), CB Consumer Confidence (Jan), ADP Nonfarm Employment Change (Jan), ISM Manufacturing PMI (Jan), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Jan), Unemployment Rate (Jan) and to ISM Non-Manufacturing PMI (Jan).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2673

- In case of fall, we recommend to sell down 1.2418.

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week cleated many different trends and closed at level 0.7544. The nearest resistance levels are located at 0.7556 and 0.7608. The nearest support levels is located at level 0.7510.

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

For USA, we recommend to pay attention to Pending Home Sales (MoM) (Dec), CB Consumer Confidence (Jan), ADP Nonfarm Employment Change (Jan), ISM Manufacturing PMI (Jan), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Jan), Unemployment Rate (Jan) and to ISM Non-Manufacturing PMI (Jan).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7608

- In case of fall, we recommend to sell down 0.7510.

We recommend: TO SELL

 

USD/JPY

USD/JPY all week was trading differently and closed at the level 115.03. The nearest resistance level is located at 115.36. The nearest support levels are located at 113.96 and 112.55.

For Japan, we recommend to pay attention to BoJ Monetary Policy Statement (YoY), BoJ Outlook Report (YoY) and to BoJ Press Conference.

For USA, we recommend to pay attention to Pending Home Sales (MoM) (Dec), CB Consumer Confidence (Jan), ADP Nonfarm Employment Change (Jan), ISM Manufacturing PMI (Jan), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Jan), Unemployment Rate (Jan) and to ISM Non-Manufacturing PMI (Jan).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 115.36

- In case of fall, we recommend to sell down 112.55.

We recommend: TO BUY

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed at level 0.9989. Important resistance levels are located at 0.9991 and 1.0026. Nearest support level is located at level 0.9960.

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

For USA, we recommend to pay attention to Pending Home Sales (MoM) (Dec), CB Consumer Confidence (Jan), ADP Nonfarm Employment Change (Jan), ISM Manufacturing PMI (Jan), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Jan), Unemployment Rate (Jan) and to ISM Non-Manufacturing PMI (Jan).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0026

- In case of fall, we recommend to sell down 0.9960.

We recommend: TO AWAIT

 

GOLD

Previous week GOLD formed many different trends, but closed in the narrow corridor at the level 1190, but there might be tendencies for the future growth. Important resistance level are located at 1201 and 1219. Nearest support level is located at levels 1180.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1219

- In case of fall, we recommend to sell down 1180

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.