Trading tactics for 24.07.2017 - 28.07.2017

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed at the level 1.1662. The nearest resistance level is located at level 1.1488. The nearest support levels are located at 1.1434 and 1.1371.

For Europe, pay attention to German Manufacturing PMI (Jul) and to German Ifo Business Climate Index (Jul).

For USA, we recommend paying attention to Existing Home Sales (Jun), CB Consumer Confidence (Jul), New Home Sales (Jun), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Core Durable Goods Orders (MoM) (Jun) and to GDP (QoQ) (Q2).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.1682 and higher.

- In case of fall, we recommend to sell down to 1.1371

We recommend: TO BUY

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.2992. There might be tendencies for the future growth. The nearest resistance levels are located at 1.3030 and 1.3122. The nearest support level is located at 1.2933.

For Britain, pay attention to GDP (YoY) (Q2), GDP (QoQ) (Q2) and to CBI Industrial Trends Orders (Jul).

For USA, we recommend paying attention to Existing Home Sales (Jun), CB Consumer Confidence (Jul), New Home Sales (Jun), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Core Durable Goods Orders (MoM) (Jun) and to GDP (QoQ) (Q2).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.3122

- In case of fall, we recommend to sell down 1.2933

We recommend: TO SELL

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7912. The nearest resistance level is located at 0.7984. The nearest support levels are located at levels 0.7874 and 0.7786.

For Australia, pay attention to CPI (QoQ) (Q2), PPI (YoY) (Q2) and to PPI (QoQ) (Q2).

For USA, we recommend paying attention to Existing Home Sales (Jun), CB Consumer Confidence (Jul), New Home Sales (Jun), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Core Durable Goods Orders (MoM) (Jun) and to GDP (QoQ) (Q2).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7984

- In case of fall, we recommend to sell down 0.7786

We recommend: TO BUY

 

USD/JPY

USD/JPY all week was trading differently, and closed the level 111.11. The nearest resistance levels are located at 111.68 and 112.61. The nearest support level is located at 111.00.

For Japan, there will be no important news.

For USA, we recommend paying attention to Existing Home Sales (Jun), CB Consumer Confidence (Jul), New Home Sales (Jun), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Core Durable Goods Orders (MoM) (Jun) and to GDP (QoQ) (Q2).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 112.61

- In case of fall, we recommend to sell down 111.00

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9450. Important resistance levels are located at 0.9544 and 0.9634. Nearest support level is located at 0.9438.

For Switzerland, there will be no important news.

For USA, we recommend paying attention to Existing Home Sales (Jun), CB Consumer Confidence (Jul), New Home Sales (Jun), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Core Durable Goods Orders (MoM) (Jun) and to GDP (QoQ) (Q2).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9634

- In case of fall, we recommend to sell down 0.9438

We recommend: TO SELL

 

GOLD

Previous week GOLD was trading differently and closed at the level 1254. Important resistance level is located at 1255. Nearest support levels are located at 1219 и 1208.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1255

- In case of fall, we recommend to sell down 1232

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.