Trading tactics for 31.07.2017 - 4.08.2017

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed at the level 1.1747. The nearest resistance level is located at level 1.1775. The nearest support levels are located at 1.1701 and 1.1613.

For Europe, pay attention to CPI (YoY) (Jul), German Unemployment Change (Jul) and German Manufacturing PMI (Jul).

For USA, we recommend paying attention to Pending Home Sales (MoM) (Jun), ISM Manufacturing PMI (Jul), ADP Nonfarm Employment Change (Jul), Crude Oil Inventories, ISM Non-Manufacturing PMI (Jul), Nonfarm Payrolls (Jul) and to Unemployment Rate (Jul).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.1775 and higher.

- In case of fall, we recommend to sell down to 1.1613

We recommend: TO BUY

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.3131. There might be tendencies for the future growth. The nearest resistance level is located at 1.3155. The nearest support levels are located at 1.3080 and 1.3002.

For Britain, pay attention to Manufacturing PMI (Jul), Construction PMI (Jul), Services PMI (Jul), BoE Inflation Report, BoE Interest Rate Decision (Jul), BoE MPC Meeting Minutes and to BoE Gov Carney Speech.

For USA, we recommend paying attention to Pending Home Sales (MoM) (Jun), ISM Manufacturing PMI (Jul), ADP Nonfarm Employment Change (Jul), Crude Oil Inventories, ISM Non-Manufacturing PMI (Jul), Nonfarm Payrolls (Jul) and to Unemployment Rate (Jul).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.3155

- In case of fall, we recommend to sell down 1.3002

We recommend: TO SELL

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7984. The nearest resistance level is located at 0.8065. The nearest support levels are located at levels 0.7974 and 0.7877.

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

For USA, we recommend paying attention to Pending Home Sales (MoM) (Jun), ISM Manufacturing PMI (Jul), ADP Nonfarm Employment Change (Jul), Crude Oil Inventories, ISM Non-Manufacturing PMI (Jul), Nonfarm Payrolls (Jul) and to Unemployment Rate (Jul).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.8065

- In case of fall, we recommend to sell down 0.7877

We recommend: TO AWAIT

 

USD/JPY

USD/JPY all week was trading differently, and closed the level 110.65. The nearest resistance levels are located at 111.32 and 112.17. The nearest support level is located at 111.55.

For Japan, there will be no important news.

For USA, we recommend paying attention to Pending Home Sales (MoM) (Jun), ISM Manufacturing PMI (Jul), ADP Nonfarm Employment Change (Jul), Crude Oil Inventories, ISM Non-Manufacturing PMI (Jul), Nonfarm Payrolls (Jul) and to Unemployment Rate (Jul).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 112.17

- In case of fall, we recommend to sell down 110.55

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9724. Important resistance level is located at 0.9724. Nearest support level is located at 0.9594 and 09455.

For Switzerland, there will be no important news.

For USA, we recommend paying attention to Pending Home Sales (MoM) (Jun), ISM Manufacturing PMI (Jul), ADP Nonfarm Employment Change (Jul), Crude Oil Inventories, ISM Non-Manufacturing PMI (Jul), Nonfarm Payrolls (Jul) and to Unemployment Rate (Jul).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9724

- In case of fall, we recommend to sell down 0.9455

We recommend: TO BUY

 

GOLD

Previous week GOLD was trading differently and closed at the level 1269. Important resistance level is located at 1270. Nearest support levels are located at 1256 and 1243.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1270

- In case of fall, we recommend to sell down 1243

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.