Trading tactics for 27.02.2017 - 03.03.2017

EUR/USD

Almost all week EUR/USD was trading differently, but pair increased and closed at level 1.0559. The nearest resistance level is located at 1.0617. The nearest support levels are located at 1.0549 and 1.0494.

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

For USA, we recommend to pay attention to Core Durable Goods Orders (MoM) (Jan), Pending Home Sales (MoM) (Jan), GDP (QoQ) (Q4), CB Consumer Confidence (Feb), U.S. President Trump Speech, ISM Manufacturing PMI (Feb), Crude Oil Inventories, ISM Non-Manufacturing PMI (Feb) and Fed Chair Yellen Speech.

- In case of rise, we recommend to buy up to 1.0617 and higher.

- In case of fall, we recommend to sell down to 1.0494

We recommend: TO AWAIT

 

GBP/USD

GBP/USD pair was trading differently and in the end of the week, pair closed at the level 1.2456. There might be tendencies for the future growth. The nearest resistance levels are located at 1.2478 and 1.2564. The nearest support level is located at 1.2400.

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

For USA, we recommend to pay attention to Core Durable Goods Orders (MoM) (Jan), Pending Home Sales (MoM) (Jan), GDP (QoQ) (Q4), CB Consumer Confidence (Feb), U.S. President Trump Speech, ISM Manufacturing PMI (Feb), Crude Oil Inventories, ISM Non-Manufacturing PMI (Feb) and Fed Chair Yellen Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2564

- In case of fall, we recommend to sell down 1.2400

We recommend: TO SELL

 

AUD/USD

AUD/USD previous week cleated many different trends and closed at level 0.7678. The nearest resistance levels are located at 0.7691 and 0.7740. The nearest support level is located at level 0.7648.

For Australia, pay attention to GDP (QoQ) (Q4).

For USA, we recommend to pay attention to Core Durable Goods Orders (MoM) (Jan), Pending Home Sales (MoM) (Jan), GDP (QoQ) (Q4), CB Consumer Confidence (Feb), U.S. President Trump Speech, ISM Manufacturing PMI (Feb), Crude Oil Inventories, ISM Non-Manufacturing PMI (Feb) and Fed Chair Yellen Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7740

- In case of fall, we recommend to sell down 0.7648.

We recommend: TO SELL

 

USD/JPY

USD/JPY all week was trading differently and closed by fall at the level 112.09. The nearest resistance levels are located at 112.75 and 113.77. The nearest support level is located at 111.92.

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

For USA, we recommend to pay attention to Core Durable Goods Orders (MoM) (Jan), Pending Home Sales (MoM) (Jan), GDP (QoQ) (Q4), CB Consumer Confidence (Feb), U.S. President Trump Speech, ISM Manufacturing PMI (Feb), Crude Oil Inventories, ISM Non-Manufacturing PMI (Feb) and Fed Chair Yellen Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 113.77

- In case of fall, we recommend to sell down 111.92

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed in the narrow corridor at level 1.0070. Important resistance levels are located at 1.0141 and 1.0080. Nearest support level is located at level 1.0024.

For Switzerland, pay attention to GDP (QoQ) (Q4), SVME PMI (Feb) and KOF Leading Indicators (Feb).

For USA, we recommend to pay attention to Core Durable Goods Orders (MoM) (Jan), Pending Home Sales (MoM) (Jan), GDP (QoQ) (Q4), CB Consumer Confidence (Feb), U.S. President Trump Speech, ISM Manufacturing PMI (Feb), Crude Oil Inventories, ISM Non-Manufacturing PMI (Feb) and Fed Chair Yellen Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0141

- In case of fall, we recommend to sell down 1.0024.

We recommend: TO AWAIT

 

GOLD

Previous week GOLD formed many different trends, but closed in the narrow corridor at the level 1256, but there might be tendencies for the future growth. Important resistance level is located at 1260. Nearest support levels are located at levels 1242 and 1226.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1260

- In case of fall, we recommend to sell down 1226

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.