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AUDUSD BINARY CALL OPTION – DECEMBER 31ST 2014

NZD/JPY 81.771 21:30 08.12
AUD/USD 0.74627 21:30 08.12
AUD/JPY 85.084 21:30 08.12
EUR/JPY 121.015 21:30 08.12
EUR/USD 1.06141 21:30 08.12
USD/JPY 114.011 21:30 08.12
WELLS FARGO 57.285 21:00 08.12
USD/CHF 1.01627 21:00 08.12
TOYOTA (US) 122.740 21:00 08.12
SONY 29.155 21:00 08.12
SILVER 17.011 21:00 08.12
GOLD 1170.838 21:00 08.12
COLGATE-PALMOLIVE 65.695 21:00 08.12
FIAT CHRYSLER 8.46 21:00 08.12
LOCKHEED MARTIN 259.130 21:00 08.12
FERRARI 56.755 21:00 08.12
TSX 60 901.360 21:00 08.12
AUD/NZD 1.03990 21:00 08.12
ALIBABA 92.305 21:00 08.12
BOEING 155.385 21:00 08.12
APPLE 112.105 21:00 08.12
NZD/USD 0.71723 21:00 08.12
BANK OF AMERICA 22.945 21:00 08.12
PFIZER 30.935 21:00 08.12
WEIBO 48.730 21:00 08.12
CAD/JPY 86.410 21:00 08.12
NZD/JPY 81.754 21:00 08.12
AUD/USD 0.74593 21:00 08.12
AUD/JPY 85.025 21:00 08.12
GBP/JPY 143.465 21:00 08.12
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By: Adam Stone
December 31st, 2014 6:45am GMT, London UK

happy-new-year

Today’s Binary Options Trading Strategy:

• Currency Pair: AUDUSD
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary call options on dips below 0.8200
• Upside Potential: The upside potential for this binary call option is 240 pips to 0.8440
• Downside Potential: The downside potential for this binary call option is 110 pips to 0.8090

The AUDUSD currently enjoys a healthy drift to the upside and away from its intra-day low of 0.8087 which was reached on December 23rd 2014. This drift higher moved the AUDUSD out of extreme overextended territory at which it arrived as a result from its latest corrective phase. This phase emerged from its intra-day high of 0.8447 which was reached on December 3rd 2014. The drift higher additionally created an ascending support level which guided this currency pair back inside its horizontal support level.

AUDUSD

Price action is now trading near the top of its horizontal support level from where a sideways trend may emerge. The AUDUSD is expected to trade sideways until its ascending support level can provide the necessary catalyst for a breakout above its horizontal support level. Binary options traders can take advantage from the anticipated breakout with binary call options. Today’s binary options trading strategy suggests call options to be placed on dips below 0.8200 for a risk/reward ratio of 1.0/2.18.

Volatility has been contained during the drift higher and back inside its horizontal support zone, but is expected to increase as sellers will step in to prevent a breakout. The current drift to the upside reached an intra-day high of 0.8215 today on December 31st 2014. Sellers are not anticipated to gather enough downward momentum for a sustained breakdown. Buyers are favored to take the horizontal support level, enforced by its ascending support level, as a solid platform for a breakout and extended move to the upside.

The AUDUSD will face its first resistance level at its intra-day low of 0.8224 which was reached on December 9th 2014. This level has previously halted a move to the downside and pushed this currency back towards its horizontal resistance area. A breakout above this level will take the AUDUSD to its next resistance level at its intra-day high of 0.8376 which was reached on December 11th 2014. The move to the downside accelerated from this level. The final resistance level is located at its intra-day high of 0.8447 which was recorded on December 3rd 2014.

The following economic data out of Australia already impacted the base currency, the Australian Dollar, of the AUDUSD currency pair:

Private Sector Credit for the month of November:

• Expectations: A monthly increase of 0.5% was expected in November, an annualized increase of 5.9%
• Previous Report’s Data: A monthly increase of 0.6% was reported in October, an annualized increase of 5.8%
• Released Data: A monthly increase of 0.5% was reported for November, an annualized increase of 5.9%
• Impact on the Australian Dollar: The annualized increase in private sector credit out of Australia has exercised upward pressure on the Australian Dollar ; this 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:

Chicago Purchasing Manager Index for the month of December:

• Expectations: A monthly reading of 60.0 is expected in December
• Previous Report’s Data: A monthly reading of 60.8 was reported in November
• Impact on the US Dollar: The expected slowdown in the Chicago PMI is likely to pressure the US Dollar to the downside which favors binary call options in the AUDUSD currency pair

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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.
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