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BINARY OPTIONS INSIGHTS FOR APRIL 6TH 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
April 6th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

The Markit/CIPS Composite PMI out of the United Kingdom for the month of March was reported at 53.6 and the Markit/CIPS Services PMI at 53.7. This was better than the reading of 53.4 and 53.5 which was anticipated by economists and above the previous month’s level of 52.8 and 52.7 respectively. The British Pound was unable to advance despite the upbeat economic report, but was able to stabilize its slide from where a price action reversal may emerge.

The United States released the final revision to the March Markit Composite PMI as well as for the Markit Services PMI which clocked in at 51.3 and 51.3 respectively. Consensus estimates favored no change from the previously reported levels of 51.1 and 51.0. This represented an improvement over February’s Markit Composite PMI of 50.0 and Markit Services PMI of 49.7; a reading below 50.0 points towards contraction in the respective sector.

German industrial production is favored to post a contraction of 1.8% month-over-month and an increase of 0.4% year-over-year for the month of February. This would mark a reversal over January’s increase of 3.3% month-over-month and a slowdown over the 2.2% rise year-over-year. Binary options trading signals provided by a third-party can offer trading signals which were overlooked by the trader’s own analysis.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Call Option
• GBP/JPY – Binary Call Option
• EUR/USD – Binary Put Option
• Silver – Binary Call Option
• Nikkei 225 – Binary Call Option

Currency Pairs on today’s Radar Screen:
NZD/USD – The NZD/USD is being pressured to the upside by its ascending support level which emerged from its intra-day low of 0.6670 recorded on March 28th 2016. The 50 Day Moving Average (DMA) is descending and narrowing the gap to the 200 DMA which is ascending. The Accelerator Oscillator (AC) indicates the formation of a positive divergence. The Relative Strength Index (RSI) is trading in neutral territory following the spike higher from extreme oversold conditions.

NZDUSD Binary Options Insights for April 6th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its ascending support level. The NZD/USD is estimated to advance into its horizontal resistance level. Binary option traders are advised to seek binary call options in the NZD/USD currency pair on dips below 0.6820 on the H1 Hourly Chart. The upside potential for this binary call option is 145 pips to 0.6965 while the downside potential is 60 pips to 0.6760. This results in a risk/reward ratio of 2.42.

GBP/JPY – The GBP/JPY contracted from its horizontal resistance level into its horizontal support level from where a price action reversal is estimated to follow. The descending 50 DMA is increasing the distance to the descending 200 DMA. The AC points towards the emergence of a positive divergence while the RSI is trading neutral conditions as a result of the move to the upside from extreme oversold territory.

GBPJPY Binary Options Insights for April 6th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading inside of its horizontal support level with a build-up in positive momentum. The GBP/JPY is expected to enter a counter-trend advance.Binary option traders are advised to seek binary call options in the GBP/JPY currency pair on dips below 156.700 on the H1 Hourly Chart. The upside potential for this binary call option is 585 pips to 162.550 while the downside potential is 200 pips to 154.700. This results in a risk/reward ratio of 2.93.

EUR/USD – The EUR/USD is depleting upside pressure with a sideways trend below its horizontal resistance level following the drop below it. The 50 DMA is drifting lower, but maintains its positions above the 200 DMA which is advancing. The AC favors a price action reversal due to the formation of a negative divergence. The RSI is trading in neutral territory after reversing from a brief drop into oversold conditions.

EURUSD Binary Options Insights for April 6th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The EUR/USD is anticipated to contract until it can challenge its horizontal support level. Binary option traders are advised to seek binary put options in the EUR/USD currency pair on rallies above 1.1360 on the H1 Hourly Chart. The downside potential for this binary put option is 205 pips to 1.1155 while the upside potential is 75 pips to 1.1435. This results in a risk/reward ratio of 2.73.

Today’s Commodity Trade
Silver – Silver forced a momentum change from negative to positive with the breakout above its horizontal support level. The ascending 50 DMA continues to trade below the descending 200 DMA. The AC shows the increase in positive momentum in this precious metal as the RSI is trading in neutral conditions following the rise from extreme oversold territory. The best trading platform, provided by GOptions, offers a wide range of assets to its traders.

Silver Today’s 04/06/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level while upside pressure is expanding. Silver is estimated to push above of its 200 DMA in order to extend its advance. Binary option traders are advised to seek binary call options in Silver on dips below 15.150 on the H1 Hourly Chart. The upside potential for this binary call option is 35 pips to 15.500 while the downside potential is 15 pips to 15.000. This results in a risk/reward ratio of 2.33.

Today’s Equity Index Recommendation
Nikkei 225 – The Nikkei 225 stabilized inside of its horizontal support level from where a breakdown is unlikely to materialize. The 50 DMA is moving to the downside and remains below the 200 DMA which is descending as well. The AC suggests a counter-trend advance as a positive divergence emerged and the RSI is trading in neutral territory after completing a breakout above extreme oversold conditions; this added to the accumulation in upside momentum.

Nikkei 225 Today’s 04/06/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Call Option
Price action is presently trading just above of its horizontal support level. The Nikkei 225 is expected to retrace its corrective phase to the upside. Binary option traders are advised to seek binary call options in the Nikkei 225 equity index on dips below 15,800.0 on the H1 Hourly Chart. The upside potential for this binary call option is 136,000 pips to 17,160.0 while the downside potential is 31,000 pips to 15,490.0. This results in a risk/reward ratio of 4.39.

Key Fundamental Data:

China – The Caixin Services PMI for the month of March clocked in at 52.2 following February’s reading of 51.2. Economists anticipated an increase to 51.4.

Hong Kong – The March Nikkei Services PMI was reported at 45.5 which represented a deeper slide into contractionary territory from the 46.4 which was printed in the preceding month. Expectations called for a smaller decrease to 46.0.

Malaysia – Expectations for the balance of trade call for a surplus of MYR6.31 billion in February, up from the previous year’s surplus of MYR5.40 billion. Exports are favored to rise by 3.1% year-over-year and imports are called down by 1.5% after decreasing by 2.8% and expanding by 3.3% in the preceding year.

India – Consensus estimates for the Nikkei Services PMI call for a rise to 52.4 in March following February’s reading of 51.4.

Japan – The preliminary February Coincident Index is expected at 110.3 and the Leading Economic Index at 99.8. This would mark a slowdown over the previously reported level of 113.5 and 101.8 respectively.

Eurozone – Economists anticipate the Retail PMI for the month of March to drop to 49.8, signaling a contraction in the retail sector, after being reported at 50.1 in February.

Poland – Interest rates are favored to remain unchanged from its current rate of 1.50% as the central bank is set to remain sidelined.

United States – Expectations for MBA mortgage applications call for an increase of 0.3% for the week ending April 1st 2016, partially reversing the previous week’s contraction of 1.0%.

Mexico – Consensus estimates for business confidence favor a rise of 0.4 points to 53.0 for the month of March following February’s reading of 52.6.

Russia – Consumer confidence for the first-quarter of 2016 is set to clock in at -20. This would represent an improvement of 6 points from the -26 which was printed in the previous quarter.

Canada – Economists anticipate the Ivey PMI for the month of March to increase to 55.0, up 1.6 points from the 53.4 which was reported in February.

United States – The Energy Information Agency (EIA) is expected to report a build-up in crude oil inventories of 1,700,000 barrels and a drawdown in gasoline inventories of 79,800 barrels for the week ending April 1st 2016. This would follow the previous week’s increase of 2,299,000 barrels and decrease of 2,514,000 barrels respectively.

United States – Minutes from the latest US Federal Reserve Federal Open Market Committee (FOMC) meeting will be released where the central bank decided to keep interest rates unchanged at 0.50%.

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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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