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BINARY OPTIONS INSIGHTS FOR MARCH 21ST 2016

BitCoin/CNY 6273.870 21:00 24.01
WELLS FARGO 54.700 21:00 24.01
USD/CHF 1.00085 21:00 24.01
TOYOTA (US) 117.620 21:00 24.01
SONY 30.485 21:00 24.01
SILVER 17.118 21:00 24.01
GOLD 1209.957 21:00 24.01
COLGATE-PALMOLIVE 68.265 21:00 24.01
FIAT CHRYSLER 10.89 21:00 24.01
LOCKHEED MARTIN 252.895 21:00 24.01
FERRARI 62.695 21:00 24.01
TSX 60 924.440 21:00 24.01
AUD/NZD 1.04665 21:00 24.01
ALIBABA 101.450 21:00 24.01
BOEING 160.540 21:00 24.01
NZD/USD 0.72463 21:00 24.01
BANK OF AMERICA 22.945 21:00 24.01
PFIZER 31.155 21:00 24.01
CAD/JPY 86.432 21:00 24.01
NZD/JPY 82.435 21:00 24.01
AUD/USD 0.75845 21:00 24.01
AUD/JPY 86.280 21:00 24.01
GBP/JPY 142.263 21:00 24.01
GENERAL ELECTRIC 29.990 21:00 24.01
S&P 500 2280.120 21:00 24.01
JP MORGAN CHASE 84.715 21:00 24.01
GOLD/EUR 1127.335 21:00 24.01
USD/JPY 113.763 21:00 24.01
EUR/JPY 122.101 21:00 24.01
CITIGROUP VS JP MORGAN CHASE 0.67015 21:00 24.01
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By: Adam Stone
March 21st, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Nationwide department store sales out of Japan posted an increase of 0.2% in February year-over-year following the 1.9% contraction which was printed in the preceding year. Tokyo department store sales surged by 2.7% year-over-year after the previous year’s expansion of 0.2%. A profitable forex trading system may be applied to binary options trading as well; both complement each other and often traders operate in both markets.

The German producer price index (PPI) for the month of February contracted by 0.5% month-over-month and 3.0% year-over-year. This represented a slowdown in deflationary pressures over January’s drop of 0.7% month-over-month, but an increase over the 2.4% decrease year-over-year. Consensus estimates were looking for a smaller contraction of 0.1% and 2.6% respectively. The Euro drifted lower throughout the trading session.

The United States will release existing home sale for February which are expected to decrease by 2.4% month-over-month to 5,340,000 units. This would mark a reversal over the preceding month’s rise of 0.4% month-over-month to 5,470,000. The US Dollar is set to be exposed to an increase in volatility after the announcement; the economy is heavily dependent on consumer spending which is directly influenced by the housing sector.

Today’s Binary Option Trading Recommendations Overview:
• GBP/JPY – Binary Call Option
• EUR/USD – Binary Put Option
• EUR/CHF – Binary Call Option
• Silver – Binary PutOption
• CAC40 – Binary Put Option

Currency Pairs on today’s Radar Screen:

GBP/JPY – The GBP/JPY has forced a momentum change from negative to positive with the spike above its horizontal support level. The ascending 50 Day Moving Average (DMA) is decreasing the distance to the sideways trending 200 DMA which carries a positive bias.The Accelerator Oscillator (AC) shows the build-up in positive pressure as the Relative Strength Index (RSI) is trading in neutral conditions following the decrease from overbought territory.

GBPJPY Binary Options Insights for March 21st 2016

Today’s Binary Options Trading Strategy: Call Option

Price action is now trading above of its horizontal support level with an increase in upside momentum. The GBP/JPY is estimated to move into its horizontal resistance level. Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 161.000 on the H1 Hourly Chart. The upside potential for this binary call option is 310 pips to 164.100 while the downside potential is 100 pips to 160.000. This results in a risk/reward ratio of 3.10.

EUR/USD – The EUR/USD is exposed to a rise in downside pressure following the drop below its horizontal resistance level. The 50 DMA is moving higher and maintains its positions above the 200 DMA which is advancing as well. The AC indicates the presence of a negative divergence in this currency pair.The RSI is trading in neutral territory as a result of the contraction from extreme overbought conditions which added to the build-up in negative pressure.

EURUSD Binary Options Insights for March 21st 2016

Today’s Binary Options Trading Strategy: Put Option

Price action is presently trading just below of its horizontal resistance level. The EUR/USD is expected to accelerate to the downside. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.1250 on the H1 Hourly Chart. The downside potential for this binary put option is 430 pips to 1.0820 while the upside potential is 90 pips to 1.1340. This results in a risk/reward ratio of 4.78.

EUR/CHF – The EUR/CHF has stabilized from its move lower after reaching the top end of its horizontal support level. The descending 50 DMA is widening the gap to the descending 200 DMA. The AC favors a price action reversal due to the accumulation in upside pressure while the RSI is trading in neutral conditions after recovering from oversold territory; an advance into overbought levels is expected to emerge.

EURCHF Binary Options Insights for March 21st 2016

Today’s Binary Options Trading Strategy: Call Option

Price action is currently trading above of its horizontal support level and positive momentum is rising. The EUR/CHF is anticipated to recover into its horizontal resistance level. Binary option traders are advised to seek binary call options in the EUR/CHF currency pair on dips below 1.0940 on the H1 Hourly Chart. The upside potential for this binary call option is 80 pips to 1.1020 while the downside potential is 40 pips to 1.0900. This results in a risk/reward ratio of 2.00.

Today’s Commodity Trade

Silver – Silver reversed direction from its intra-day high of 16.135 which was recorded on March 18th 2016 leading to a breakdown below its horizontal resistance level. The 50 DMA is advancing and remains above the 200 DMA which is drifting higher as well. The AC suggests a move to the downside as negative momentum is increasing and the RSI is trading in neutral territory following the collapse from extreme overbought conditions.

Silver Today’s 21/03/16 Commodity Trade

Today’s Binary Options Trading Strategy: Put Option

Price action is now trading below of its horizontal resistance level. Silver is estimated to drift down into its 200 DMA from where a breakdown is anticipated. Binary option traders are advised to seek binary put options in Silver on rallies above 15.750 on the H1 Hourly Chart. The downside potential for this binary put option is 60 pips to 15.150 while the upside potential is 30 pips to 16.050. This results in a risk/reward ratio of 2.00.

Today’s Equity Index Recommendation

CAC 40 – The CAC 40is trending sideways in the middle of its current trading range between its horizontal support level and its horizontal resistance level.The sideways trending 50 DMA is located above the ascending 200 DMA. The AC points towards the decrease in positive pressure. The RSI is trading in neutral conditionsas a result of the bounce higher from oversold territory.New traders can learn the basics from an educational series known as ‘options trading for dummies’.

CAC 40 Today’s 21/03/16 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option

Price action is presently trading above of its 50 DMA as well as above of its 200 DMA. The CAC 40 is expected to drop down into its horizontal support level. Binary option traders are advised to seek binary put options in the CAC 40equity index on rallies above 4,440.0 on the H1 Hourly Chart. The downside potential for this binary put option is 13,500 pips to 4,305.0 while the upside potential is 6,000 pips to 4,500.0. This results in a risk/reward ratio of 2.25.

Key Fundamental Data:

Israel –January industrial production plunged by 3.5% month-over-month and 2.2% year-over-year after December’s downward revised decrease of 0.8% and upward revised expansion of 6.2% respectively. Estimates called for a drop of 0.3% and a rise of 1.8%.

United Kingdom – Rightmove House Prices for the month of March posted an increase of 1.3% month-over-month and 7.6% year-over-year following the rise of 2.9% and 7.3% which was printed in the preceding month.

China – The MNI Business Indicator for March clocked in at 49.9, below the key 50.0 level which separates expansion from contraction, for no change from February’s level of 49.9.

New Zealand – Credit card spending for February contracted by 0.4% month-over-month and rose by 7.3% year-over-year. This represented a partial reversal over January’s rise of 2.3% month-over-month and a slowdown over the 8.9% increase year-over-year.

Denmark – Expectations for consumer confidence favor no change for March from the previously reported level of 4.

Switzerland – Economists anticipate the fourth-quarter of 2015 current account surplus to clock in at CHF21.0 billion, down CHF2.0 billion from the CHF23.0 billion surplus which was reported in the third-quarter of 2015.

Turkey – Consumer confidence for the month of March is set to decrease to 63.85 from February’s level of 66.64.

Eurozone – Consensus estimates for the January current account surplus call for a reading of €21.3 billion, down sharply from the €41.4 billion surplus which was printed in the preceding month.

Eurozone – Expectations for the Spanish trade balance for January favor adeficit of €2.00 billion, up from December’s deficit of €1.79 billion.

Hong Kong –Economists anticipate the preliminary fourth-quarter of 2015 current account surplus to slump to HK$8.1 billion after the HK$48.2 billion surplus which was reported in the previous quarter.

Eurozone – The January current account surplus out of Italy is called in at €3,410.4 million following the previous month’s surplus of €6,141.0 million.

United Kingdom – Consensus estimates for CBI Industrial Trend Orders for the month of March favor a reading of -14. This would mark an improvement over the -17 which was reported in February.

United States – Expectations for the Chicago Federal National Activity Index for February call for a level of -0.08, partially reversing the previous month’s reading of 0.28.

Eurozone – Consumer confidence for March is set to improve to -8.5, up 0.5 points from the initially reported -9.0.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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