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.
Binary Options Gameplan – 20-07-10: Gold Bearish Continued…
Gold indeed broke the support line at $1185 that we indicated yesterday and over the weekend. This sent Gold futures prices much lower.
Now that this support line is broken, we can assume that lower prices are possible. This trend can give way to excellent setups for Binary Option Put trades.
See daily chart of Gold futures, below.
Binary Options Gameplan – 19-07-10: Gold Bearish, EURUSD Bullish
Gold futures tested a critical support price level of $1185 on Friday. This level also marked 2-month lows for Gold futures. Market analysts remarked that coupled with a sharp move down for U.S. stock markets on Friday, Gold did not attract investors seeking safe-havens. One possibility is that the Euro may be investors’ safe haven of choice for now.
Below, Gold and EURUSD daily charts. See the sharp moves on Friday in opposite directions.
Binary Options Gameplan – 15-07-10: GBPUSD looking Bullish
The GBPUSD is looking very bullish, as seen in the daily chart below. After finding support on the 21 day moving average (red line), the GBPUSD then entered a bullish swing, indicated below the chart by the stochastic analysis. Now the GBPUSD is setting up a Bull Flag pattern (yellow box), which can lead to higher prices and great CALL Binary Options trading opportunities.
Binary Options Gameplan – 14-07-10. Gold in the spotlight
Gold is settings up particularly interesting Binary Options trading opportunities. As seen in the daily chart of Gold futures below, Gold’s price is consolidating just below the 50 day moving average. As long is the resistance created by the 50 day moving average continues to create this price range, Binary Options trading strategies that take advantage of this resistance can very rewarding.
Binary Options Gameplan – 13-07-10
Silver Channel
Silver is forming a tight rising channel on the daily bar chart. This can lead to great setups for trading the range in this channel using Binary Options.
