Trading tactics for 20.03.2017 - 24.03.2017

EUR/USD

Almost all week EUR/USD was trading negatively, but pair increased and closed at level 1.0735. The nearest resistance level is located at 1.0781. The nearest support levels are located at 1.0699 and 1.0600.

For Europe, this week, we recommend paying attention to German Manufacturing PMI (Mar) and to Markit Composite PMI (Mar).

For USA, we recommend to pay attention to Existing Home Sales (Feb), Crude Oil Inventories, New Home Sales (Feb) and to Core Durable Goods Orders (MoM) (Feb).

- In case of rise, we recommend to buy up to 1.0781 and higher.

- In case of fall, we recommend to sell down to 1.0600

We recommend: TO AWAIT

 

GBP/USD

GBP/USD pair was trading positively and in the end of the week, pair closed in a narrow corridor at the level 1.2392. There might be tendencies for the future growth. The nearest resistance level is located at 1.2404. The nearest support levels are located at 1.2241 and 1.2108.

For Britain, we recommend paying attention to Retail Sales (MoM) (Feb) and to CPI (YoY) (Feb).

For USA, we recommend to pay attention to Existing Home Sales (Feb), Crude Oil Inventories, New Home Sales (Feb) and to Core Durable Goods Orders (MoM) (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2404

- In case of fall, we recommend to sell down 1.2108

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading negatively and closed at the level 0.7681. The nearest resistance level is located at 0.7717. The nearest support levels are located at levels 0.7632 and 0.7539.

For Australia, pay attention to RBA Meeting Minutes.

For USA, we recommend to pay attention to Existing Home Sales (Feb), Crude Oil Inventories, New Home Sales (Feb) and to Core Durable Goods Orders (MoM) (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7681

- In case of fall, we recommend to sell down 0.7539.

We recommend: TO AWAIT

 

USD/JPY

USD/JPY all week was trading negatively and closed by fall to the level 112.63. The nearest resistance levels are located at 113.98 and 115.19. The nearest support level is located at 112.56.

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

For USA, we recommend to pay attention to Existing Home Sales (Feb), Crude Oil Inventories, New Home Sales (Feb) and to Core Durable Goods Orders (MoM) (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 115.19

- In case of fall, we recommend to sell down 112.56

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9980. Important resistance levels are located at 1.0023 and 1.0107. Nearest support level is located at level 0.9941

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

For USA, we recommend to pay attention to Existing Home Sales (Feb), Crude Oil Inventories, New Home Sales (Feb) and to Core Durable Goods Orders (MoM) (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0023

- In case of fall, we recommend to sell down 0.9941

We recommend: TO SELL

 

GOLD

Previous week GOLD was trading negatively and closed at the level 1229. Important resistance level is located at 1233. Nearest support levels are located at 1214 and 1197.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1233

- In case of fall, we recommend to sell down 1197

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.