Trading tactics for 22.05.2017 - 26.05.2017

EUR/USD

Almost all week EUR/USD was trading positively, but pair closed in growth to the level 1.1206. The nearest resistance level is located at 1.1211. The nearest support levels are located at 1.1076 and 1.0977.

For Europe, this week, we recommend paying attention to German GDP (QoQ) (Q1), German Ifo Business Climate Index (May) and to German Manufacturing PMI (May).

For USA, we recommend paying attention to U.S. New Home Sales, U.S. Existing Home Sales, U.S. Crude Oil Inventories, U.S. Federal Open Market Committee (FOMC) Meeting Minutes, U.S. Core Durable Goods Orders MoM and to U.S. Gross Domestic Product (GDP) QoQ.

- In case of rise, we recommend to buy up to 1.1211 and higher.

- In case of fall, we recommend to sell down to 1.1076

We recommend: TO BUY

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.3031. There might be tendencies for the future growth. The nearest resistance level is located at 1.3046. The nearest support levels are located at 1.2935 and 1.2866.

For Britain, pay attention to Inflation Report Hearings, GDP (YoY) (Q1) and to GDP (QoQ) (Q1).

For USA, we recommend paying attention to U.S. New Home Sales, U.S. Existing Home Sales, U.S. Crude Oil Inventories, U.S. Federal Open Market Committee (FOMC) Meeting Minutes, U.S. Core Durable Goods Orders MoM and to U.S. Gross Domestic Product (GDP) QoQ.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.3046

- In case of fall, we recommend to sell down 1.2866

We recommend: TO BUY

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7453. The nearest resistance level is located at 0.7465. The nearest support levels are located at levels 0.7422 and 0.7388.

For Australia, there will be no important news today.

For USA, we recommend paying attention to U.S. New Home Sales, U.S. Existing Home Sales, U.S. Crude Oil Inventories, U.S. Federal Open Market Committee (FOMC) Meeting Minutes, U.S. Core Durable Goods Orders MoM and to U.S. Gross Domestic Product (GDP) QoQ.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7465

- In case of fall, we recommend to sell down 0.7388

We recommend: TO BUY

 

USD/JPY

USD/JPY all week was trading negatively, and closed in a narrow corridor at the level 111.21. The nearest resistance levels are located at 112.16 and 113.73. The nearest support level is located at 110.25.

For Japan, there will be no important news today.

For USA, we recommend paying attention to U.S. New Home Sales, U.S. Existing Home Sales, U.S. Crude Oil Inventories, U.S. Federal Open Market Committee (FOMC) Meeting Minutes, U.S. Core Durable Goods Orders MoM and to U.S. Gross Domestic Product (GDP) QoQ.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 113.73

- In case of fall, we recommend to sell down 110.25

We recommend: TO AWAIT

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9724. Important resistance levels are located at 0.9857 and 0.9959. Nearest support level is located at level 0.9724.

For Switzerland, there will be no important news today.

For USA, we recommend paying attention to U.S. New Home Sales, U.S. Existing Home Sales, U.S. Crude Oil Inventories, U.S. Federal Open Market Committee (FOMC) Meeting Minutes, U.S. Core Durable Goods Orders MoM and to U.S. Gross Domestic Product (GDP) QoQ.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9959

- In case of fall, we recommend to sell down 0.9724

We recommend: TO SELL

 

GOLD

Previous week GOLD was trading differently and closed negatively at the level 1255. Important resistance level is located at 1264. Nearest support level is located at 1246 and 1230.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1264

- In case of fall, we recommend to sell down 1230

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.