Trading tactics for 03.07.2017 - 07.07.2017

EUR/USD

Almost all week EUR/USD was trading positively, but pair closed in a narrow corridor at the level 1.1421. The nearest resistance level is located at level 1.1445. The nearest support levels are located at 1.1301 and 1.1180.

For Europe, this week, pay attention to German Manufacturing PMI (Jun).

For USA, we recommend paying attention to ISM Manufacturing PMI (Jun), FOMC Meeting Minutes, ADP Nonfarm Employment Change (Jun), ISM Non-Manufacturing PMI (Jun), Crude Oil Inventories, Nonfarm Payrolls (Jun) and to Unemployment Rate (Jun).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.1445 and higher.

- In case of fall, we recommend to sell down to 1.1180

We recommend: TO BUY

 

GBP/USD

GBP/USD pair was trading positively and closed at the level 1.3024. There might be tendencies for the future growth. The nearest resistance level is located at 1.3029. The nearest support levels are located at 1.2859 and 1.2715.

For Britain, pay attention to Manufacturing PMI (Jun), Construction PMI (Jun), Services PMI (Jun) and to Manufacturing Production (MoM) (May).

For USA, we recommend paying attention to ISM Manufacturing PMI (Jun), FOMC Meeting Minutes, ADP Nonfarm Employment Change (Jun), ISM Non-Manufacturing PMI (Jun), Crude Oil Inventories, Nonfarm Payrolls (Jun) and to Unemployment Rate (Jun).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.3029

- In case of fall, we recommend to sell down 1.2715

We recommend: TO BUY

 

AUD/USD

AUD/USD previous week was trading positively and closed at the level 0.7686. The nearest resistance level is located at 0.7686. The nearest support levels are located at levels 0.7640 and 0.7576.

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

For USA, we recommend paying attention to ISM Manufacturing PMI (Jun), FOMC Meeting Minutes, ADP Nonfarm Employment Change (Jun), ISM Non-Manufacturing PMI (Jun), Crude Oil Inventories, Nonfarm Payrolls (Jun) and to Unemployment Rate (Jun).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7686

- In case of fall, we recommend to sell down 0.7576

We recommend: TO BUY

 

USD/JPY

USD/JPY all week was trading differently, and closed the level 112.32. The nearest resistance level is located at 112.92. The nearest support levels are located at 112.15 and 111.45.

For Japan, there will be no important news.

For USA, we recommend paying attention to ISM Manufacturing PMI (Jun), FOMC Meeting Minutes, ADP Nonfarm Employment Change (Jun), ISM Non-Manufacturing PMI (Jun), Crude Oil Inventories, Nonfarm Payrolls (Jun) and to Unemployment Rate (Jun).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 112.92

- In case of fall, we recommend to sell down 111.45

We recommend: TO AWAIT

 

USD/CHF

USD/CHF previous week was trading negatively. Pair closed by fall to the level 0.9579. Important resistance levels are located at 0.9679 and 0.9731. Nearest support level is located at 0.9551.

For Switzerland, there will be no important news.

For USA, we recommend paying attention to ISM Manufacturing PMI (Jun), FOMC Meeting Minutes, ADP Nonfarm Employment Change (Jun), ISM Non-Manufacturing PMI (Jun), Crude Oil Inventories, Nonfarm Payrolls (Jun) and to Unemployment Rate (Jun).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9731

- In case of fall, we recommend to sell down 0.9551

We recommend: TO SELL

 

GOLD

Previous week GOLD was trading differently and closed in fall to the level 1241. Important resistance levels are located at 1247 and 1254. Nearest support level is located at 1239.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1254

- In case of fall, we recommend to sell down 1239

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.