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BINARY OPTIONS INSIGHTS FOR MARCH 28TH 2016

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
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By: Adam Stone
March 28th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The final reading for the Japanese Leading Economic Index for January was revised up to 101.8 while the Coincident Index was revised down to 113.5 from the previously printed figures of 101.4 and 113.8 respectively. December was revised as well and now shows the Leading Economic Index at 101.3 and the Coincident Index at 111.0. The Japanese Yen remained stable following the announcement of the revisions for the past two months.

The gross domestic product (GDP) out of the United States for its final fourth-quarter of 2015 revision clocked in at an increase of 1.4% year-over-year. Economists anticipated no change from the previously reported expansion of 1.0%. Personal consumption was revised higher by 0.4% to 2.4% from 2.0%. The GDP Product Price Index remained unchanged at a rise of 0.9%, but the GDP Personal Consumption Expenditure (PCE) Index was revised down to an increase of 0.3% from 0.4% as the core PCE Index remained unrevised at a growth rate of 1.3%. Overshadowing the upward revision to the GDP was the downward revised plunge in corporate profits to 8.4% quarter-over-quarter after being previously reported at a much smaller decrease of only 1.7%.

The Bank of Israel will announce its latest interest rate decision during today’s trading session. Consensus estimates favor no change from its current interest rate of 0.10%. Several central banks, including the European Central Bank and the Bank of Japan, have surprised the markets with an unexpected interest rate cut. Traders can complement their own analysis or compare the results of it with binary options signals provided by a third party.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Call Option
• EUR/USD – Binary Call Option
• USD/CAD – Binary Put Option
• Gold – Binary Call Option
• S&P 500 – Binary Put Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD has entered a sideways trend and is now being pressure to the upside by its ascending support level which originated from its intra-day low of 0.6575 reached on March 16th 2016. The 50 Day Moving Average (DMA) is trending to the downside and widening the gap to the 200 DMA which is ascending. The Accelerator Oscillator (AC) indicates the rise in positive momentum as the Relative Strength Index (RSI) is trading in oversold territory after descending from neutral conditions.

NZDUSD Binary Options Insights for March 28th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading above of its ascending support level, but below its 50 DMA as well as below its 200 DMA. The NZD/USD is anticipated to advance until it will reach its horizontal resistance level. Binary option traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6690 on the H1 Hourly Chart. The upside potential for this binary call option is 185 pips to 0.6875 while the downside potential is 65 pips to 0.6625. This results in a risk/reward ratio of 2.85.

EUR/USD – The EUR/USD is exposed to a build-up in positive pressure provided by its ascending support level which emerged from its intra-day low of 1.1058 recorded on March 16th 2016. The descending 50 DMA maintains its positions below the ascending 200 DMA. The AC favors a move higher due to the increase in upside momentum. The RSI is trading in neutral conditions following the drift higher from extreme oversold territory.

EURUSD Binary Options Insights for March 28th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its ascending support level with a decrease in downside pressure. The EUR/USD is estimated to recover to the upside. Binary option traders are advised to seek binary call options in the EUR/USD currency pair on dips below 1.1170 on the H1 Hourly Chart. The upside potential for this binary call option is 170 pips to 1.1340 while the downside potential is 70 pips to 1.1100. This results in a risk/reward ratio of 2.43.

USD/CAD – The USD/CAD ended its move to the upside after reaching its descending resistance level from where a price action reversal is favored to follow. The 50 DMA is advancing and increasing the distance to the 200 DMA which is descending. The AC points towards the formation of a negative divergence while the RSI is trading in neutral territory as a result of the contraction from overbought conditions.

USDCAD Binary Options Insights for March 28th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its descending resistance level. The USD/CAD is expected to accelerate to the downside. Binary option traders are advised to seek binary put options in the USD/CAD currency pair on rallies above 1.3250 on the H1 Hourly Chart. The downside potential for this binary put option is 325 pips to 1.2925 while the upside potential is 85 pips to 1.3335. This results in a risk/reward ratio of 3.83.

Today’s Commodity Trade
Gold – Gold has entered a sideways trend inside of its horizontal support level from where a breakdown is unlikely to materialize. The descending 50 DMA continues to trade below the descending 200 DMA. The AC suggests a move to the upside due to the formation of a positive divergence in this precious metal. The RSI is trading in oversold conditions after recovering from extreme oversold territory. There are different trading strategies available to suit all the different trading personalities.

Gold Today’s 03/28/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading inside of its horizontal support level with an accumulation in positive pressure. Gold is anticipated to enter a counter-trend move to the upside. Binary option traders are advised to seek binary call options in Gold on dips below 1,215.00 on the H1 Hourly Chart. The upside potential for this binary call option is 5,575 pips to 1,270.75 while the downside potential is 1,500 pips to 1,200.00. This results in a risk/reward ratio of 3.72.

Today’s Equity Index Recommendation
S&P 500 – The S&P 500 forced a momentum change from positive to negative after the breakdown below its horizontal resistance level. The 50 DMA is moving lower and closing in on the 200 DMA which is ascending. The AC shows retreat in upside momentum from its peak and the RSI is trading in overbought territory following the reversal from a brief drop into extreme oversold conditions; a plunge back into oversold levels is anticipated.

SP 500 Today’s 03/28/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The S&P 500 is estimated to retrace to the downside. Binary option traders are advised to seek binary put options in the S&P 500 equity index on rallies above 2,035.00 on the H1 Hourly Chart. The downside potential for this binary put option is 3,500 pips to 2,000.00 while the upside potential is 1,500 pips to 2,050.00. This results in a risk/reward ratio of 2.33.

Key Fundamental Data:

Eurozone – Expectations for the fourth-quarter current account surplus out of the Netherlands call for a rise to €16.4 billion from the third-quarter’s surplus of €12.4 billion.

United States – Economists anticipate February personal income to increase by 0.1% month-over-month while personal consumption is called up by 0.1% as well. This would represent a slowdown over the previous month’s expansion of 0.5% and 0.5% respectively.

Mexico – The balance of trade for the month of February is set to show a surplus of $324.5 million, partially reversing the deficit of $3,441.0 million which was reported in January.

United States
– Consensus estimates for pending home sales call for an increase of 2.0% month-over-month and 1.0% year-over-year after the previous month’s contraction of 2.5% and rise of 1.4%.

Russia – Expectations for the February gross domestic product (GDP) favor a drop of 1.8% year-over-year. This would mark a slowdown in the rate of contraction over the decrease of 2.5% which was announced in the preceding year.

United States – Economists anticipate the Dallas Federal Manufacturing Index for the month of March to come in at -30.4 following February’s reading of -31.8.

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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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