Trading tactics for 17.04.2017 - 21.04.2017

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in a narrow corridor to the level 1.0609. The nearest resistance levels are located at 1.0629 and 1.0677. The nearest support level is located at 1.0578.

For Europe, this week, we recommend paying attention to CPI (YoY) (Mar), German Manufacturing PMI (Apr) and Existing Home Sales (Mar).

For USA, we recommend paying attention to Building Permits (Mar), Crude Oil Inventories, Philadelphia Fed Manufacturing Index (Apr) and to Existing Home Sales (Mar).

- In case of rise, we recommend to buy up to 1.0677 and higher.

- In case of fall, we recommend to sell down to 1.0578.

We recommend: TO AWAIT

 

GBP/USD

GBP/USD pair was trading differently and closed in a narrow corridor at the level 1.2515. There might be tendencies for the future growth. The nearest resistance level is located at 1.2573. The nearest support levels are located at 1.2481 and 1.2403.

For Britain, pay attention to Retail Sales (MoM) (Mar).

For USA, we recommend paying attention to Building Permits (Mar), Crude Oil Inventories, Philadelphia Fed Manufacturing Index (Apr) and to Existing Home Sales (Mar).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2573

- In case of fall, we recommend to sell down 1.2403.

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7567. The nearest resistance level is located at 0.7594. The nearest support levels are located at level 0.7531 and 0.7472.

For Australia, pay attention to RBA Meeting Minutes.

For USA, we recommend paying attention to Building Permits (Mar), Crude Oil Inventories, Philadelphia Fed Manufacturing Index (Apr) and to Existing Home Sales (Mar).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7594

- In case of fall, we recommend to sell down 0.7472.

We recommend: TO BUY

 

USD/JPY

USD/JPY all week was trading negatively and closed in a narrow corridor at the level 108.55. The nearest resistance levels are located at 109.78 and 110.84. The nearest support level is located at 108.55.

For Japan, pay attention to Exports (YoY) (Mar) and Adjusted Trade Balance.

For USA, we recommend paying attention to Building Permits (Mar), Crude Oil Inventories, Philadelphia Fed Manufacturing Index (Apr) and to Existing Home Sales (Mar).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 110.84

- In case of fall, we recommend to sell down 108.55.

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 1.0049. Important resistance level is located at 1.0093. Nearest support levels are located at levels 1.0046 and 1.0003

For Switzerland, there will be no important news.

For USA, we recommend paying attention to Building Permits (Mar), Crude Oil Inventories, Philadelphia Fed Manufacturing Index (Apr) and to Existing Home Sales (Mar).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0093

- In case of fall, we recommend to sell down 1.0003.

We recommend: TO AWAIT

 

GOLD

Previous week GOLD was trading positively and closed at the level 1287. Important resistance level is located at 1288. Nearest support level is located at 1266 and 1247.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1288

- In case of fall, we recommend to sell down 1247.

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.