Trading tactics for 13.03.2017 - 17.03.2017

EUR/USD

Almost all week EUR/USD was trading negatively, but pair decreased and closed at level 1.0666. The nearest resistance level is located at 1.0699. The nearest support levels are located at 1.0623 and 1.0524.

For Europe, this week, we recommend paying attention to ECB President Draghi Speech, German ZEW Economic Sentiment (Mar) and CPI (YoY) (Feb).

For USA, we recommend to pay attention to PPI (MoM) (Feb), Core CPI (MoM) (Feb), Core Retail Sales (MoM) (Feb), Retail Sales (MoM) (Feb), Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference, Building Permits (Feb), Philadelphia Fed Manufacturing Index (Mar) and JOLTs Job Openings (Jan).

- In case of rise, we recommend to buy up to 1.0699 and higher.

- In case of fall, we recommend to sell down to 1.0524

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 1.2154. There might be tendencies for the future growth. The nearest resistance levels are located at 1.2198 and 1.2251. The nearest support level is located at 1.2134.

For Britain, we recommend paying attention to BoE MPC Meeting Minutes, BoE Interest Rate Decision (Mar), Claimant Count Change (Feb) and Average Earnings Index +Bonus (Jan).

For USA, we recommend to pay attention to PPI (MoM) (Feb), Core CPI (MoM) (Feb), Core Retail Sales (MoM) (Feb), Retail Sales (MoM) (Feb), Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference, Building Permits (Feb), Philadelphia Fed Manufacturing Index (Mar) and JOLTs Job Openings (Jan).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2198

- In case of fall, we recommend to sell down 1.2134.

We recommend: TO SELL

 

AUD/USD

AUD/USD previous week was trading negatively and closed at the level 0.7535. The nearest resistance levels are located at 0.7567 and 0.7632. The nearest support level is located at level 0.7490

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

For USA, we recommend to pay attention to PPI (MoM) (Feb), Core CPI (MoM) (Feb), Core Retail Sales (MoM) (Feb), Retail Sales (MoM) (Feb), Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference, Building Permits (Feb), Philadelphia Fed Manufacturing Index (Mar) and JOLTs Job Openings (Jan).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7567

- In case of fall, we recommend to sell down 0.7490

We recommend: TO AWAIT

 

USD/JPY

USD/JPY all week was trading differently and closed by at the level 114.68. The nearest resistance level is located at 115.50. The nearest support levels are located at 114.57 and 113.60.

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

For USA, we recommend to pay attention to PPI (MoM) (Feb), Core CPI (MoM) (Feb), Core Retail Sales (MoM) (Feb), Retail Sales (MoM) (Feb), Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference, Building Permits (Feb), Philadelphia Fed Manufacturing Index (Mar) and JOLTs Job Openings (Jan).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 115.50

- In case of fall, we recommend to sell down 113.60

We recommend: TO AWAIT

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 1.0092. Important resistance levels are located at 1.0121 and 1.0169. Nearest support level is located at level 1.0079.

For Switzerland, pay attention to SNB Interest Rate Decision and SNB Monetary Policy Assessment.

For USA, we recommend to pay attention to PPI (MoM) (Feb), Core CPI (MoM) (Feb), Core Retail Sales (MoM) (Feb), Retail Sales (MoM) (Feb), Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference, Building Permits (Feb), Philadelphia Fed Manufacturing Index (Mar) and JOLTs Job Openings (Jan).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0169

- In case of fall, we recommend to sell down 1.0079.

We recommend: TO SELL

 

GOLD

Previous week GOLD was trading negatively and closed in a narrow corridor at the level 1204. Important resistance levels are located at 1211 and 1227. Nearest support levels are located at levels 1194.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1227

- In case of fall, we recommend to sell down 1194.

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.