Trading tactics for 08.05.2017 - 12.05.2017

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in growth to the level 1.0998. The nearest resistance level is located at 1.0998. The nearest support levels are located at 1.0943 and 1.0875.

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

For USA, we recommend paying attention to JOLTs Job Openings (Mar), Crude Oil Inventories, PPI (MoM) (Apr), Core CPI (MoM) (Apr), Core Retail Sales (MoM) (Apr) and Retail Sales (MoM) (Apr).

- In case of rise, we recommend to buy up to 1.0998 and higher.

- In case of fall, we recommend to sell down to 1.0875.

We recommend: TO BUY

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.2976. There might be tendencies for the future growth. The nearest resistance level is located at 1.2983. The nearest support levels are located at 1.2903 and 1.2830.

For Britain, pay attention to Manufacturing Production (MoM) (Mar), BoE Inflation Report,

BoE Interest Rate Decision (May) and BoE MPC Meeting Minutes.

For USA, we recommend paying attention to JOLTs Job Openings (Mar), Crude Oil Inventories, PPI (MoM) (Apr), Core CPI (MoM) (Apr), Core Retail Sales (MoM) (Apr) and Retail Sales (MoM) (Apr).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2983

- In case of fall, we recommend to sell down 1.2830.

We recommend: TO BUY

 

AUD/USD

AUD/USD previous week was trading negatively and closed at the level 0.7413. The nearest resistance levels are located at 0.7463 and 0.7555. The nearest support level is located at level 0.7366.

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

For USA, we recommend paying attention to JOLTs Job Openings (Mar), Crude Oil Inventories, PPI (MoM) (Apr), Core CPI (MoM) (Apr), Core Retail Sales (MoM) (Apr) and Retail Sales (MoM) (Apr).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7463

- In case of fall, we recommend to sell down 0.7366.

We recommend: TO AWAIT

 

USD/JPY

USD/JPY all week was trading differently, and closed in a narrow corridor at the level 112.69. The nearest resistance level is located at 113.04. The nearest support levels are located at 112.39 and 111.81.

For Japan, there will be no important news.

For USA, we recommend paying attention to JOLTs Job Openings (Mar), Crude Oil Inventories, PPI (MoM) (Apr), Core CPI (MoM) (Apr), Core Retail Sales (MoM) (Apr) and Retail Sales (MoM) (Apr).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 113.04

- In case of fall, we recommend to sell down 111.81

We recommend: TO BUY

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9869. Important resistance levels are located at 0.9907 and 0.9961. Nearest support levels is located at level 0.9858.

For Switzerland, there will be no important news today.

For USA, we recommend paying attention to JOLTs Job Openings (Mar), Crude Oil Inventories, PPI (MoM) (Apr), Core CPI (MoM) (Apr), Core Retail Sales (MoM) (Apr) and Retail Sales (MoM) (Apr).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9961

- In case of fall, we recommend to sell down 0.9858.

We recommend: TO AWAIT

 

Gold

Previous week GOLD was trading differently and closed negatively at the level 1227. Important resistance levels are located at 1241 and 1257. Nearest support level is located at 1225.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1257.

- In case of fall, we recommend to sell down 1225.

We recommend: TO SELL

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.