Trading tactics for 8.08.2016 - 12.08.2016

EUR/USD

EUR/USD during past week created many short lasting trends and closed by falling to the level 1.1084. There might be tendencies for the future growth. The nearest resistance levels are located at 1.1133 and 1.1231. The nearest support level is located at 1.1043.

For Europe, this week, we recommend paying attention to Spanish HICP (YoY) for July and German GDP (QoQ) (Q2) and Italian CPI (MoM) for July.

For USA, we recommend to pay attention Retail Sales (MoM) for July, PPI (MoM) for July and Core Retail Sales (MoM) for July.

- In case of rise, we recommend to buy up to 1.1133 and higher.

- In case of fall, we recommend to sell down to 1.1043.

We recommend: TO AWAIT

 

GBP/USD

GBP/USD made few negative trends previous week and closed in a narrow corridor at level 1.3066. Might be expected future fall. The nearest resistance levels are located at 1.3186 and 1.3371. The nearest support level is located at 1.3019.

For Britain, there will be few important news. We recommend paying attention, to Manufacturing Production (MoM) for June, Industrial Production (MoM) for June and RICS House Price Balance for July.

For USA, we recommend to pay attention Retail Sales (MoM) for July, PPI (MoM) for July and Core Retail Sales (MoM) for July.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.3371

- In case of fall, we recommend to sell down 1.3019

We recommend: TO SELL

 

AUD/USD

AUD/USD previous week was trading positively, closed in a narrow corridor at level 0.7615. The nearest resistance level is located at 0.7663. The nearest support levels are located at level 0.7567 and 0.7483.

For Australia, we recommend to pay attention to Westpac Consumer Sentiment for August and Home Loans (MoM) for June.

For USA, we recommend to pay attention Retail Sales (MoM) for July, PPI (MoM) for July and Core Retail Sales (MoM) for July.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7663

- In case of fall, we recommend to sell down 0.7483

We recommend: TO AWAIT

 

USD/JPY

USD/JPY pair was trading negatively and closed at level 101.81. Might be expected future fall. The nearest resistance level is located at 102.83. The nearest support levels are located at 101.67 and 100.67.

There will be no important news for Japan this week.

For USA, we recommend to pay attention Retail Sales (MoM) for July, PPI (MoM) for July and Core Retail Sales (MoM) for July.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 100.67

- In case of fall, we recommend to sell down 102.83

We recommend: TO AWAIT

 

USD/CHF

USD/CHF previous week formed many positive trends. Pair closed at level 0.9807. Important resistance level is located at 0.9830. Nearest support levels are located at levels 0.9772 and 9632.

For Switzerland, we recommend to pay attention to Unemployment Rate s.a. for July and Unemployment Rate n.s.a. for July.

For USA, we recommend to pay attention Retail Sales (MoM) for July, PPI (MoM) for July and Core Retail Sales (MoM) for July.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9830

- In case of fall, we recommend to sell down 0.9632

We recommend: TO BUY

 

GOLD

Previous week GOLD formed many different trends, but closed by falling at level 1336, but there might be tendencies for the future growth. Important resistance levels are located at 1348 and 1367. Nearest support level is located at level 1334.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1367

- In case of fall, we recommend to sell down 1334

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.