Trading tactics for 13.02.2017 - 17.02.2017

EUR/USD

Almost all week EUR/USD was trading differently, but pair decreased and closed at level 1.0637. The nearest resistance levels are located at 1.0669 and 1.0734. The nearest support level is located at 1.0607.

For Europe, this week, we recommend paying attention to German GDP (QoQ) (Q4), German ZEW Economic Sentiment (Feb) and Trade Balance (Dec).

For USA, we recommend to PPI (MoM) (Jan), Fed Chair Yellen Testifies, Core CPI (MoM) (Jan), Core Retail Sales (MoM) (Jan), Retail Sales (MoM) (Jan), Crude Oil Inventories, Building Permits (Jan) and Philadelphia Fed Manufacturing Index (Feb).

- In case of rise, we recommend to buy up to 1.0734 and higher.

- In case of fall, we recommend to sell down to 1.0607.

We recommend: TO SELL

 

GBP/USD

GBP/USD pair was trading differently and in the end of the week, pair closed in a narow corridor at the level 1.2471. There might be tendencies for the future growth. The nearest resistance level is located at 1.2582. The nearest support levels are located at 1.2454 and 1.2347.

For Britain, we recommend paying attention to Retail Sales (MoM) (Jan), Claimant Count Change (Jan), Average Earnings Index +Bonus (Dec) and CPI (YoY) (Jan).

For USA, we recommend to PPI (MoM) (Jan), Fed Chair Yellen Testifies, Core CPI (MoM) (Jan), Core Retail Sales (MoM) (Jan), Retail Sales (MoM) (Jan), Crude Oil Inventories, Building Permits (Jan) and Philadelphia Fed Manufacturing Index (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2582

- In case of fall, we recommend to sell down 1.2347.

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week cleated many different trends and closed at level 0.7666. The nearest resistance level is located at 0.7688. The nearest support levels are located at level 0.7645 and 0.7605.

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

For USA, we recommend to PPI (MoM) (Jan), Fed Chair Yellen Testifies, Core CPI (MoM) (Jan), Core Retail Sales (MoM) (Jan), Retail Sales (MoM) (Jan), Crude Oil Inventories, Building Permits (Jan) and Philadelphia Fed Manufacturing Index (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7688

- In case of fall, we recommend to sell down 0.7605.

We recommend: TO BUY

 

USD/JPY

USD/JPY all week was trading negatively and closed at the level 113.12. The nearest resistance level is located at 113.84. The nearest support levels are located at levels 112.66 and 111.63.

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

For USA, we recommend to PPI (MoM) (Jan), Fed Chair Yellen Testifies, Core CPI (MoM) (Jan), Core Retail Sales (MoM) (Jan), Retail Sales (MoM) (Jan), Crude Oil Inventories, Building Permits (Jan) and Philadelphia Fed Manufacturing Index (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 113.84

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

We recommend: TO BUY

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed at level 1.0019. Important resistance level is located at 1.0061. Nearest support levels are located at levels 0.9993 и 0.9916.

For Switzerland, pay attention to CPI (MoM) (Jan) and PPI (MoM) (Jan).

For USA, we recommend to PPI (MoM) (Jan), Fed Chair Yellen Testifies, Core CPI (MoM) (Jan), Core Retail Sales (MoM) (Jan), Retail Sales (MoM) (Jan), Crude Oil Inventories, Building Permits (Jan) and Philadelphia Fed Manufacturing Index (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0019

- In case of fall, we recommend to sell down 0.9916.

We recommend: TO AWAIT

 

GOLD

Previous week GOLD formed many different trends, but closed in the narrow corridor at the level 1233, but there might be tendencies for the future growth. Important resistance level is located at 1244. Nearest support levels are located at levels 1232 and 1221.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1244.

- In case of fall, we recommend to sell down 1221.

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.