Trading tactics for 14.08.2017 - 18.08.2017

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in growth to the level 1.1819. The nearest resistance level is located at level 1.1844. The nearest support level are located at 1.1769 and 1.1688.

For Europe, pay attention to German GDP (QoQ) (Q2) and to CPI (YoY) (Jul).

For USA, we recommend paying attention to Core Retail Sales (MoM) (Jul), Retail Sales (MoM) (Jul), Building Permits (Jul), Crude Oil Inventories, FOMC Meeting Minutes and to Philadelphia Fed Manufacturing Index (Aug).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.1844 and higher.

- - In case of fall, we recommend to sell down to 1.1688

We recommend: TO BUY

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.2997. There might be tendencies for the future growth. The nearest resistance level is located at 1.3052. The nearest support levels are located at 1.2992 and 1.2938

For Britain, pay attention to CPI (YoY) (Jul), Average Earnings Index +Bonus (Jun), Claimant Count Change (Jul) and to Retail Sales (MoM) (Jul).

For USA, we recommend paying attention to German GDP (QoQ) (Q2), Core Retail Sales (MoM) (Jul), Retail Sales (MoM) (Jul), Building Permits (Jul), Crude Oil Inventories, FOMC Meeting Minutes and to Philadelphia Fed Manufacturing Index (Aug).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.3052

- In case of fall, we recommend to sell down 1.2938

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7890. The nearest resistance levels are located at 00.7896 and 0.7942. The nearest support level is located at level 0.7838.

For Australia, pay attention to Employment Change (Jul) and to RBA Meeting Minutes.

For USA, we recommend paying attention to German GDP (QoQ) (Q2), Core Retail Sales (MoM) (Jul), Retail Sales (MoM) (Jul), Building Permits (Jul), Crude Oil Inventories, FOMC Meeting Minutes and to Philadelphia Fed Manufacturing Index (Aug).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7942

- - In case of fall, we recommend to sell down 0.7838

We recommend: TO SELL

 

USD/JPY

USD/JPY all week was trading differently, and closed the level 109.73. The nearest resistance levels are located at 109.73 and 110.81. The nearest support level is located at 108.73.

For Japan, there will be no important news.

For USA, we recommend paying attention to German GDP (QoQ) (Q2), Core Retail Sales (MoM) (Jul), Retail Sales (MoM) (Jul), Building Permits (Jul), Crude Oil Inventories, FOMC Meeting Minutes and to Philadelphia Fed Manufacturing Index (Aug).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 110.81

- In case of fall, we recommend to sell down 108.73

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9614. Important resistance levels are located at 0.9691 and 0.9771. Nearest support level is located at 0.9584.

For Switzerland, there will be no important news.

For USA, we recommend paying attention to German GDP (QoQ) (Q2), Core Retail Sales (MoM) (Jul), Retail Sales (MoM) (Jul), Building Permits (Jul), Crude Oil Inventories, FOMC Meeting Minutes and to Philadelphia Fed Manufacturing Index (Aug).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.9771

- In case of fall, we recommend to sell down 0.9584

We recommend: TO SELL

 

GOLD

Previous week GOLD was trading differently and closed at the level 1288. Important resistance level is located at 1291. Nearest support levels are located at 1271 and 1251.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1271

- In case of fall, we recommend to sell down 1251

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.