+1 (866)-882-6854
+ 44 203-807-1675
09:07:20 GMT
Black & White


BitCoin/CNY 6349.755 09:00 24.01
FTSE F-MAR17 7091.500 09:00 24.01
USD/RUB 59.148 09:00 24.01
USD/NOK 8.35090 09:00 24.01
USD/CHF 0.99882 09:00 24.01
OIL-MAR17 (BRENT) 55.585 09:00 24.01
SBERBANK 168.830 09:00 24.01
GAZPROM 149.230 09:00 24.01
NZD/CHF 0.72218 09:00 24.01
CAD/CHF 0.75336 09:00 24.01
NZD/USD 0.72303 09:00 24.01
CAD/JPY 85.407 09:00 24.01
AUD/USD 0.75683 09:00 24.01
AUD/JPY 85.697 09:00 24.01
GBP/USD 1.24934 09:00 24.01
EUR/USD 1.07478 09:00 24.01
TADAWUL 7081.200 09:00 24.01
VTB BANK 0.068665 09:00 24.01
ROSNEFT' 388.950 09:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 09:00 24.01
SILVER 17.145 09:00 24.01
GOLD/EUR 1129.375 09:00 24.01
USD/JPY 113.236 09:00 24.01
EUR/JPY 121.703 09:00 24.01
GOLD VS OIL 21.8394 09:00 24.01
USD/CAD 1.32582 09:00 24.01
S.BANK INDIA 255.775 09:00 24.01
AXIS BANK 448.900 09:00 24.01
TATA STEEL 464.325 09:00 24.01
TATA MOTORS 541.725 09:00 24.01
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
October 1st 2014 5:20am GMT, London UK
Today’s Binary Options Trading Strategy:

• Currency Pair: AUDUSD
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary call options on dips below 0.8680
• Upside Potential: The upside potential for this binary call option is 360 pips to 0.9140
• Downside Potential: The downside potential for this binary call option is 120 pips to 0.8560

The AUDUSD is currently trying to stabilize its severe downward move as price action has begun to move sideways in order to carve out a new horizontal support level. The steep sell-off also created a falling wedge formation which is a bullish chart pattern. The last leg of the move lower took the AUDUSD from an intra-day high of 0.9402 which it reached on September 5th 2014 to an intra-day low of 0.8666 which it reached today on October 1st 2014.

Price action is currently trading at its new horizontal support line and is attempting to launch a sustained breakout above its falling wedge formation which should lead the AUDUSD upward. Binary options traders can profit from the expected move upward with binary call options. Today’s binary options trading strategy suggests call options to be placed on dips below 0.8680 for a risk/reward ratio of 1.0/3.20.

Volatility could increase sharply as sellers will attempt to hold on to negative momentum and keep the downtrend intact with a breakdown below the new horizontal support level in order to void the falling wedge formation. Buyers will use the double support level as a platform to reverse the current move lower with a breakout above the descending resistance line of the falling wedge formation. This is expected to accelerate the move higher which is expected to take the AUDUSD back into its next horizontal resistance level.

After a successful breakout above the falling wedge formation the next resistance level awaits the expected move higher for the AUDUSD at the 0.8885 level which is an intra-day high reached on September 25th 2014 and represents the last time this currency pair attempted to breakout above the descending resistance line. The next resistance level is located at the intra-day low of 0.8983 which was reached on September 15th 2014. A breakout above this level is expected to take the AUDUSD back into its next horizontal resistance line with an intra-day high of 0.9217 which was reached on September 11th 2014.

The following economic data out of Australia already impacted the the base currency, the Australian Dollar, of the AUDUSD currency pair:
Retail sales for the month of August:

• Expectations: A monthly increase of 0.4% is expected for the month of August
• Previous Report’s Data: A monthly increase of 0.4% was reported for the month of July
• Released Data: A monthly increase of 0.1% was reported
• Impact on the Australian Dollar: The disappointment in retail sales out of Australia led the Australian Dollar into a double support level which favors binary call options in the AUDUSD currency pair

In addition the following economic report out of the United States is expected to impact the quote currency, the US Dollar, of the AUDUSD currency pair:

Institute for Supply Management Manufacturing Index for the month of September:

• Expectations: A reading of 58.5 is expected for the month of September
• Previous Report’s Data: A reading of 59.0 was reported for the month of August
• Impact on the US Dollar: The slowdown in the US manufacturing sector is expected to exercise downward pressure on the US Dollar; this favors binary call options in the AUDUSD currency pair

Share Button
Adam Stone
Follow me

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
Follow me

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store