Binary Options Gameplan – 12-8-10: USD/JPY at 15 year low…
The USD/JPY currency pair is at a 15 year low, despite the dollar making strong gains against the majors yesterday. As you can see in the chart below, a break of the resistance should kick off this consolidation.
Binary Options Gameplan – 11-8-10: EUR/USD Bearish…
As we noted on this blog just days ago, the EUR/USD finally broke through the ascending channel. This break downwards is significant and could lead to lower prices.
Binary Options Gameplan – 8-8-10: AUD/USD Channel…
The AUD/USD is creating a tight rising channel chart pattern. Most often, this pattern is broken to the downside. When this pattern is broken, expect prices to head lower.
Binary Options Gameplan – 3-8-10: Euro Bullish (continued)…
As we forecast here all of last week, the Euro continued its climb past $1.30. This trend should continue as investors seek strength in the stock markets and divest from the dollar.
Binary Options Gameplan – 29-07-10: Euro Bullish (continued)…
The EUR/USD currency pair finally broke the $1.30 resistance line that we posted here just days ago. This break seems to have high volume and may be the real thing, leading to higher prices and Binary Option Call opportunities.
Binary Options Gameplan – 28-07-10: Gold Bearish (continued)…
Gold continues its plunge since we highlighted the very bearish Pivot chart pattern last week. We now expect Gold to consolidate at these levels, and then start moving again as the Euro gathers momentum.
Binary Options Gameplan – 27-07-10: Euro Bullish
As we forecasted in our previous post, the Euro just passed through the $1.30 level. This is traditionally a significant resistance level, through which major moves have begun, such as the major move to $1.52 throughout the second half of 2009. Now the EUR/USD pair is looking very Bullish again with great setups now possible for Binary Option Calls.
Binary Options Gameplan – 23-07-10: Gold Bearish…
The daily chart of Gold, below, shows that Gold is forming a rising pivot chart pattern. This pivot, when taken in the context of the descending trend, is bearish. When Gold breaks the resistance line below, this would lead to lower prices and great Binary Option Put trading opportunities.
Binary Options Gameplan – 22-07-10: USD/JPY very Bearish…
The USD/JPY currency pair is forming a formidable inverse cup-and-handle chart pattern (indicated in circles on the daily chart below of the USD/JPY). Resistance is as 86.000 past which much lower prices are possible. Those of us who follow the dollar index are aware of dollar weakness against other currencies as well. This could lead to excellent Binary Option Put trades.
Binary Options Gameplan – 21-07-10: AUD/USD very Bullish…
The Australian dollar (AUD/USD) is looking very bullish, with a very prominent resistance line at 0.885. This resistance line has been dominating trading for over the past month, and once it is broken the Aussie should head much higher. This should provide very nice setups for Binary Option Call trades.
