Trading tactics for 20.11.2017 - 24.11.2017

EUR/USD

Almost all week EUR/USD was trading differently, but pair closed in a narrow corridor at the level 1.1789. The nearest resistance level is located at level 1.1860. The nearest support levels are located at 1.1751 and 1.1663.

For Europe, pay attention to ECB President Draghi Speech, ECB's Constancio Speech, German GDP (QoQ) (Q3), German Manufacturing PMI (Nov), ECB Publishes Account of Monetary Policy Meeting and to German Ifo Business Climate Index (Nov).

For USA, we recommend paying attention to Existing Home Sales (Oct), Fed Chair Yellen Speech, Core Durable Goods Orders (MoM) (Oct), Crude Oil Inventories and to FOMC Meeting Minutes.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.1860 and higher.

- In case of fall, we recommend to sell down to 1.1663

We recommend: TO BUY

 

GBP/USD

GBP/USD pair was trading differently and closed at the level 1.3215. There might be tendencies for the future growth. The nearest resistance level is located at 1.3258. The nearest support levels are located at 1.3158 and 1.3074.

For Britain, pay attention to Inflation Report Hearings, Autumn Forecast Statement, GDP (QoQ) (Q3) and GDP (YoY) (Q3).

For USA, we recommend paying attention to Existing Home Sales (Oct), Fed Chair Yellen Speech, Core Durable Goods Orders (MoM) (Oct), Crude Oil Inventories and to FOMC Meeting Minutes.

- In case of rise, we recommend to buy up 1.3258

- In case of fall, we recommend to sell down 1.3074

We recommend: TO BUY

 

AUD/USD

AUD/USD previous week was trading differently and closed at the level 0.7561. The nearest resistance levels are located at 0.7582 and 0.7649. The nearest support level is located at level 0.7534

For Australia, pay attention to RBA Meeting Minutes.

For USA, we recommend paying attention to Existing Home Sales (Oct), Fed Chair Yellen Speech, Core Durable Goods Orders (MoM) (Oct), Crude Oil Inventories and to FOMC Meeting Minutes.

- In case of rise, we recommend to buy up to 0.7649

- In case of fall, we recommend to sell down 0.7534

We recommend: TO SELL

 

USD/JPY

USD/JPY all week was trading differently, and closed the level 112.10. The nearest resistance levels are located at 112.82 and 113.91. The nearest support level is located at 111.94.

For Japan, there will be no important news.

For USA, we recommend paying attention to Existing Home Sales (Oct), Fed Chair Yellen Speech, Core Durable Goods Orders (MoM) (Oct), Crude Oil Inventories and to FOMC Meeting Minutes.

- In case of rise, we recommend to buy up to 113.91

- In case of fall, we recommend to sell down 111.94

We recommend: TO SELL

 

USD/CHF

USD/CHF previous week was trading differently. Pair closed by fall to the level 0.9884. Important resistance levels is located at 0.9905 and 0.9969. Nearest support level is located at 0.9845.

For Switzerland, there will be no important news.

For USA, we recommend paying attention to Existing Home Sales (Oct), Fed Chair Yellen Speech, Core Durable Goods Orders (MoM) (Oct), Crude Oil Inventories and to FOMC Meeting Minutes.

- In case of rise, we recommend to buy up to 0.9969

- In case of fall, we recommend to sell down 0.9845

We recommend: TO SELL

 

GOLD

Previous week GOLD was trading differently and closed at the level 1293. Important resistance level is located at 1296. Nearest support levels are located at 1283 and 1269.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1296

- In case of fall, we recommend to sell down 1269

We recommend: TO BUY

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.