Trading tactics for 29.05.2017 - 02.05.2017

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in a narrow corridor at the level 1.1179. The nearest resistance levels are located at 1.1209 and 1.1265. The nearest support level is located at 1.1160.

For Europe, this week, we recommend paying attention to German Manufacturing PMI (May), CPI (YoY) (May) and German Unemployment Change (May).

For USA, we recommend paying attention to CB Consumer Confidence (May), Pending Home Sales (MoM) (Apr), ADP Nonfarm Employment Change (May), ISM Manufacturing PMI (May), Crude Oil Inventories, Nonfarm Payrolls (May) and Unemployment Rate (May).

- In case of rise, we recommend to buy up to 1.1265 and higher.

- In case of fall, we recommend to sell down to 1.1160.

We recommend: TO SELL

 

GBP/USD

GBP/USD pair was trading in a narrow corridor and closed at the level 1.2802. There might be tendencies for the future growth. The nearest resistance levels are located at 1.2890 and 1.3025. The nearest support level is located at 1.2774.

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

For USA, we recommend paying attention to CB Consumer Confidence (May), Pending Home Sales (MoM) (Apr), ADP Nonfarm Employment Change (May), ISM Manufacturing PMI (May), Crude Oil Inventories, Nonfarm Payrolls (May) and Unemployment Rate (May).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.3025.

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

We recommend: TO SELL

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7444. The nearest resistance levels are located at 0.7464 and 0.7516. The nearest support level is located at level 0.7421.

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

For USA, we recommend paying attention to CB Consumer Confidence (May), Pending Home Sales (MoM) (Apr), ADP Nonfarm Employment Change (May), ISM Manufacturing PMI (May), Crude Oil Inventories, Nonfarm Payrolls (May) and Unemployment Rate (May).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7516

- In case of fall, we recommend to sell down 0.7421

We recommend: TO SELL

 

USD/JPY

USD/JPY all week was trading differently, and closed in a narrow corridor at the level 111.30. The nearest resistance levels are located at 111.47 and 112.10. The nearest support level is located at 110.87.

For Japan, there will be no important news today.

For USA, we recommend paying attention to CB Consumer Confidence (May), Pending Home Sales (MoM) (Apr), ADP Nonfarm Employment Change (May), ISM Manufacturing PMI (May), Crude Oil Inventories, Nonfarm Payrolls (May) and Unemployment Rate (May).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 112.10

- In case of fall, we recommend to sell down 110.87

We recommend: TO AWAIT

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9740. Important resistance level is located at 0.9775. Nearest support levels are located at levels 0.9736 and 0.9695.

For Switzerland, there will be no important news today.

For USA, we recommend paying attention to CB Consumer Confidence (May), Pending Home Sales (MoM) (Apr), ADP Nonfarm Employment Change (May), ISM Manufacturing PMI (May), Crude Oil Inventories, Nonfarm Payrolls (May) and Unemployment Rate (May).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9775

- In case of fall, we recommend to sell down 0.9695.

We recommend: TO AWAIT

 

GOLD

Previous week GOLD was trading differently and closed negatively at the level 1266. Important resistance level is located at 1269. Nearest support level is located at 1259 and 1247

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.