The price chart for EUR/USD has strengthened at 1.33475 which was lower than its support level. A slight movement in the direction of the downtrend is noticeable, which gives a signal to start trading with binary options, mostly focused on selling the asset. In case of further selling the 1.32046 level will be opened.
If the EUR/USD breaches the level of 1.32046, there will be a tendency for the further fall to 1.31166 and trading with Put Options will be recommended. If the price chart moves against the trend, 1.33475 EUR/USD will be expected.
We recommend: TO SELL higher 1.32910.
The price chart for GBP/USD has shown the fall and is currently testing the price support at 1.66018. The news and the negative inflation data for the UK has strongly influenced the trading. In case of strengthening lower than 1.66018, the much lower trading range between 1.66018-1.64723 will be expected.
In case of selling the asset, 1.67057 GBP/USD will be reached, which is a very strong resistance at the moment. In case of falling, the selling is expected up to 1.64723.
We recommend: TO SELL higher 1.64723.
The four-hour price chart for USD/JPY has breached all possible price support levels. The economic indicators in Japan has influenced the JPY to fall against the basic world currencies. It’s possible that the JPY will strengthen in a higher trading range between 103.95 – 103.39. Besides that, traders can take a tactical pause as the JPY is obviously «overheated» after the active selling of the US dollar.
In case of selling the asset, trading with Call Options is recommended up to the 103.95 level. Trading with Put Options is recommended between 103.39 and down to 103.08.
We recommend: TO SELL higher 103.95.
The price chart for AUD/USD attempts to breach the resistance level at 0.93329. In case the asset is sold actively, the price support at 0.92124 is expected. You should also pay attention to the fact that the price chart is located inside the downtrend, which can cause a further selling of the asset.
The advantageous solution in this case is to trade with Put Options up to 0.92124. In case of selling and rising of the price chart, trading with Call Options up to 0.93329 is recommended.
We recommend: TO AWAIT.
The four-hour price chart for GOLD has reached its July low at 1281.33 per ounce. Gold has also strengthened in the downtrend which can lead to trading with binary options up to 1262.08 per ounce.
In case of buying the asset, trading with Call Options up to 1281.33 is advantageous and recommended. In case of selling, trading with Put Options up to 1262.08 is recommended.
We recommend: TO SELL up to 1262.08.
The four-hour price chart for SP500 has reached its July highs at 1991.9. The index has also entered the trading range between 1991.9 – 1969.4 and can strengthen in that. Currently there’s a speculative demand for purchasing American stocks, despite of significant «overheating» on the market. In case of selling the asset, the support level at 1969.4 will be expected.
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.