Trading tactics for 26.02.2018 - 02.03.2018

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in a narrow corridor at the level 1.2292. The nearest resistance levels are located at levels 1.2312 and 1.2335. The nearest support level is located at 1.2258.

For Europe, pay attention to ECB President Draghi Speech, German Unemployment Change (Feb), CPI (YoY) (Feb) and to German Manufacturing PMI (Feb).

For USA, we recommend paying attention to New Home Sales (Jan), Core Durable Goods Orders (MoM) (Jan), CB Consumer Confidence (Feb), Fed Chair Powell Testifies, GDP (QoQ) (Q4), Pending Home Sales (MoM) (Jan), Crude Oil Inventories, Fed Chair Powell Testifies, ISM Manufacturing PMI (Feb), Nonfarm Payrolls (Feb) and to Unemployment Rate (Feb).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2335 and higher.

- In case of fall, we recommend to sell down to 1.2258

We recommend: TO AWAIT

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.3967. There might be tendencies for the future growth. The nearest resistance level is located at 1.4022. The nearest support levels are located at 1.3928 and 1.3855

For Britain, pay attention to BoE Gov Carney Speech, Construction PMI (Feb) and to Manufacturing PMI (Feb).

For USA, we recommend paying attention to New Home Sales (Jan), Core Durable Goods Orders (MoM) (Jan), CB Consumer Confidence (Feb), Fed Chair Powell Testifies, GDP (QoQ) (Q4), Pending Home Sales (MoM) (Jan), Crude Oil Inventories, Fed Chair Powell Testifies, ISM Manufacturing PMI (Feb), Nonfarm Payrolls (Feb) and to Unemployment Rate (Feb).

- In case of rise, we recommend to buy up 1.4022

- In case of fall, we recommend to sell down 1.3855

We recommend: TO AWAIT

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7836. The nearest resistance levels are located at 0.78551 and 0.7906. The nearest support level is located at level 0.7789.

For Australia, there will be no important news.

For USA, we recommend paying attention to New Home Sales (Jan), Core Durable Goods Orders (MoM) (Jan), CB Consumer Confidence (Feb), Fed Chair Powell Testifies, GDP (QoQ) (Q4), Pending Home Sales (MoM) (Jan), Crude Oil Inventories, Fed Chair Powell Testifies, ISM Manufacturing PMI (Feb), Nonfarm Payrolls (Feb) and to Unemployment Rate (Feb).

- In case of rise, we recommend to buy up to 0.7906

- In case of fall, we recommend to sell down 0.7789

We recommend: TO AWAIT

 

USD/JPY

USD/JPY all week was trading differently and closed the level 106.85. The nearest resistance levels are located at 107.23 and 107.89. The nearest support level is located at 106.49.

For Japan, there will be no important news.

For USA, we recommend paying attention to New Home Sales (Jan), Core Durable Goods Orders (MoM) (Jan), CB Consumer Confidence (Feb), Fed Chair Powell Testifies, GDP (QoQ) (Q4), Pending Home Sales (MoM) (Jan), Crude Oil Inventories, Fed Chair Powell Testifies, ISM Manufacturing PMI (Feb), Nonfarm Payrolls (Feb) and to Unemployment Rate (Feb).

- In case of rise, we recommend to buy up to 107.89

- In case of fall, we recommend to sell down 106.49

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9350. Important resistance levels are located at 0.9360 and 0.9407. Nearest support level is located at 0.9320.

For Switzerland, there will be no important news.

For USA, we recommend paying attention to New Home Sales (Jan), Core Durable Goods Orders (MoM) (Jan), CB Consumer Confidence (Feb), Fed Chair Powell Testifies, GDP (QoQ) (Q4), Pending Home Sales (MoM) (Jan), Crude Oil Inventories, Fed Chair Powell Testifies, ISM Manufacturing PMI (Feb), Nonfarm Payrolls (Feb) and to Unemployment Rate (Feb).

- In case of rise, we recommend to buy up to 0.9407

- In case of fall, we recommend to sell down 0.9320

We recommend: TO AWAIT

 

GOLD

Previous week GOLD was trading differently and closed at the level 1328. Important resistance levels are located at 1332 and 1342. Nearest support level is located at 1320.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1332

- In case of fall, we recommend to sell down 1320

We recommend: TO AWAIT

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.