Trading tactics for 30.10.2017 - 03.11.2017

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in a narrow corridor at the level 1.1606. The nearest resistance levels are located at levels 1.1707 and 1.1836. The nearest support level is located at 1.1573.

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

For USA, we recommend paying attention to ADP Nonfarm Employment Change (Oct), ISM Manufacturing PMI (Oct), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Oct), Unemployment Rate (Oct) and to ISM Non-Manufacturing PMI (Oct).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.1836 and higher.

- In case of fall, we recommend to sell down to 1.1573

We recommend: TO SELL

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.3123. There might be tendencies for the future growth. The nearest resistance levels are located at 1.3175 and 1.3278. The nearest support level is located at 1.3068.

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

For USA, we recommend paying attention to ADP Nonfarm Employment Change (Oct), ISM Manufacturing PMI (Oct), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Oct), Unemployment Rate (Oct) and to ISM Non-Manufacturing PMI (Oct).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1.3278

- In case of fall, we recommend to sell down 1.3068

We recommend: TO SELL

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7675. The nearest resistance levels are located at 0.7718 and 0.7824. The nearest support level is located at level 0.7624.

For Australia, pay attention to Retail Sales (MoM) (Sep).

For USA, we recommend paying attention to ADP Nonfarm Employment Change (Oct), ISM Manufacturing PMI (Oct), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Oct), Unemployment Rate (Oct) and to ISM Non-Manufacturing PMI (Oct).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.7718

- In case of fall, we recommend to sell down 0.7624

We recommend: TO SELL

 

USD/JPY

USD/JPY all week was trading differently, and closed the level 113.65. The nearest resistance levels are located at 113.80 and 114.44. The nearest support level is located at 113.23

For Japan, pay attention to BoJ Monetary Policy Statement (YoY) and BoJ Outlook Report (YoY).

For USA, we recommend paying attention to ADP Nonfarm Employment Change (Oct), ISM Manufacturing PMI (Oct), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Oct), Unemployment Rate (Oct) and to ISM Non-Manufacturing PMI (Oct).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 113.23

- In case of fall, we recommend to sell down 114.44

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9978. Important resistance level is located at 1.0037. Nearest support levels are located at 0.9946 and 0.9837.

For Switzerland, there will be no important news.

For USA, we recommend paying attention to ADP Nonfarm Employment Change (Oct), ISM Manufacturing PMI (Oct), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, Nonfarm Payrolls (Oct), Unemployment Rate (Oct) and to ISM Non-Manufacturing PMI (Oct).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0037

- In case of fall, we recommend to sell down 0.9837

We recommend: TO AWAIT

 

GOLD

Previous week GOLD was trading differently and closed at the level 1273. Important resistance level is located at 1283. Nearest support levels are located at 1271 and 1236.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1283

- In case of fall, we recommend to sell down 1263

We recommend: TO AWAIT

Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.