Trading tactics for 06.03.2017 - 10.03.2017

EUR/USD

Almost all week EUR/USD was trading negatively, but pair decreased and closed at level 1.0619. The nearest resistance level is located at 1.0629. The nearest support levels are located at 1.0559 and 1.0495.

For Europe, this week, we recommend paying attention to Deposit Facility Rate, ECB Interest Rate Decision (Mar) and to ECB Press Conference.

For USA, we recommend to pay attention to Crude Oil Inventories, Nonfarm Payrolls (Feb), Unemployment Rate (Feb) and ADP Nonfarm Employment Change (Feb).

- In case of rise, we recommend to buy up to 1.0619 and higher.

- In case of fall, we recommend to sell down to 1.0495

We recommend: TO BUY

 

GBP/USD

GBP/USD pair was trading negatively and in the end of the week, pair closed in a narrow corridor at the level 1.2289. There might be tendencies for the future growth. The nearest resistance levels are located at 1.2347 and 1.2470. The nearest support level is located at 1.2213.

For Britain, we recommend paying attention to Industrial Production (MoM) (Jan), Manufacturing Production (MoM) (Jan) and to NIESR GDP Estimate.

For USA, we recommend to pay attention to Crude Oil Inventories, Nonfarm Payrolls (Feb), Unemployment Rate (Feb) and ADP Nonfarm Employment Change (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2470

- In case of fall, we recommend to sell down 1.2213.

We recommend: TO AWAIT
 

AUD/USD

AUD/USD previous week cleated many different trends and decreased to the level 0.7593. The nearest resistance levels are located at 0.7620 and 0.7699. The nearest support level is located at level 0.7542.

For Australia, pay attention to RBA Interest Rate Decision (Mar), RBA Rate Statement and to home Loans (MoM) (Jan).

For USA, we recommend to pay attention to Crude Oil Inventories, Nonfarm Payrolls (Feb), Unemployment Rate (Feb) and ADP Nonfarm Employment Change (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7699

- In case of fall, we recommend to sell down 0.7542.

We recommend: TO SELL
 

USD/JPY

USD/JPY all week was trading differently and closed by growth to the level 113.98. The nearest resistance level is located at 114.73. The nearest support levels are located at 113.08 and 111.68.

For Japan, pay attention to GDP (QoQ) (Q4), Current Account n.s.a. (Jan) and to GDP (YoY) (Q4).

For USA, we recommend to pay attention to Crude Oil Inventories, Nonfarm Payrolls (Feb), Unemployment Rate (Feb) and ADP Nonfarm Employment Change (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 114.73

- In case of fall, we recommend to sell down 111.68

We recommend: TO BUY

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 1.0069. Important resistance levels are located at 1.0073 and 1.0145. Nearest support level is located at level 1.0009.

For Switzerland, pay attention to CPI (MoM) (Feb), Unemployment Rate n.s.a. (Feb) and to Unemployment Rate s.a. (Feb).

For USA, we recommend to pay attention to Crude Oil Inventories, Nonfarm Payrolls (Feb), Unemployment Rate (Feb) and ADP Nonfarm Employment Change (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0145

- In case of fall, we recommend to sell down 1.0009

We recommend: TO SELL

 

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 levels are located at 1240 and 1258. Nearest support levels are located at levels 1223.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1258

- In case of fall, we recommend to sell down 1223.

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.