Trading tactics for 02.05.2017 - 05.05.2017

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in growth to the level 1.0895. The nearest resistance levels are located at 1.0897 и 1.0950. The nearest support level is located at 1.0851.

For Europe, this week, we recommend paying attention to ECB President Draghi Speech.

For USA, we recommend paying attention to ADP Nonfarm Employment Change (Apr), ISM Non-Manufacturing PMI (Apr), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Apr), Unemployment Rate (Apr) and to Fed Chair Yellen Speech.

- In case of rise, we recommend to buy up to 1.0950 and higher.

- In case of fall, we recommend to sell down to 1.0851.

We recommend: TO AWAIT

 

GBP/USD

GBP/USD pair was trading in a narrow corridor and closed at the level 1.2943. There might be tendencies for the future growth. The nearest resistance level is located at 1.2864. The nearest support levels are located at 1.2873 and 1.2774

For Britain, pay attention to Manufacturing PMI (Apr), Construction PMI (Apr) and to

Services PMI (Apr).

For USA, we recommend paying attention to ADP Nonfarm Employment Change (Apr), ISM Non-Manufacturing PMI (Apr), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Apr), Unemployment Rate (Apr) and to Fed Chair Yellen Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2864

- In case of fall, we recommend to sell down 1.2774.

We recommend: TO BUY

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7486. The nearest resistance levels are located at 0.7504 and 0.7563. The nearest support level is located at level 0.7438.

For Australia, pay attention to RBA Interest Rate Decision (May) and to RBA Rate Statement.

For USA, we recommend paying attention to ADP Nonfarm Employment Change (Apr), ISM Non-Manufacturing PMI (Apr), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Apr), Unemployment Rate (Apr) and to Fed Chair Yellen Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7563

- In case of fall, we recommend to sell down 0.7438.

We recommend: TO AWAIT

 

USD/JPY

USD/JPY all week was trading differently, and closed in a narrow corridor at the level 111.51. The nearest resistance level is located at 111.77. The nearest support levels are located at 110.61 and 109.61.

For Japan, there will be no important news.

For USA, we recommend paying attention to ADP Nonfarm Employment Change (Apr), ISM Non-Manufacturing PMI (Apr), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Apr), Unemployment Rate (Apr) and to Fed Chair Yellen Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 111.77

- In case of fall, we recommend to sell down 109.61.

We recommend: TO BUY

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9946. Important resistance level is located at 0.9968. Nearest support levels are located at levels 0.9929 and 0.9892.

For Switzerland, there will be no important news today.

For USA, we recommend paying attention to ADP Nonfarm Employment Change (Apr), ISM Non-Manufacturing PMI (Apr), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Apr), Unemployment Rate (Apr) and to Fed Chair Yellen Speech.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9968

- In case of fall, we recommend to sell down 0.9892.

We recommend: TO AWAIT

 

GOLD

Previous week GOLD was trading differently and closed at the level 1267. Important resistance levels are located at 1270 and 1278. Nearest support level is located at 1260.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1278.

- In case of fall, we recommend to sell down 1260.

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.