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By: Adam Stone
July 15th 2014 8:39am GMT, London UK
According to our dealing room, binary options trading seems to have lost focus on the profits available. From a preliminary report provided to use earlier today, traders are simply forgoing the easy trades made available by the market whilst opting for the most difficult trades with the lowest profit potential. Whether seen as a challenge to the average trader or due to the large moves seen on some other assets, traders are choosing to avoid the obvious winners for more obscure assets. For example, in the last 24 hours, trading on the S&P and EUR/USD, the biggest mainstays of trading for each asset class, indices and forex, aren’t even in the top 10 for the period. See the image below:

top traded 14-15-7-2014

Headlining the last 24 hours is an incredible showing of higher risk assets like the EUR/JPY, AUD/JPY and EUR/AUD that together made up more than 35% of the days’ trading volume. We find this rather incredible especially as these assets are historically more difficult to predict. While we surely aren’t calling for an end to trading such assets, quite the contrary, but we do find the phenomenon amazing and enlightening. In fact, we are beginning to consider a shift in the way we actually provide our customers the news. While the EUR/USD will more likely than not return to favor in a day or so, the very notion that it didn’t crack the top 10 is amazing. Far east based pairs including the AUD and JPY seem to be the flavor of the month so let’s try and take a look as the reasoning behind such a monumental shift in outlook by binary option traders:

The AUD itself has been on a stratospheric trend higher for much of 2014. The upward bound currency, especially against the USD, has done right by binary traders for this period due to an enduring trend in the face of much strife the world over. The reason for it is rooted in a number of categorical differences between itself and, say, the EUR. But the fact that the price of Gold, which has been hammered in the last 24 months would have, in the past, done the same to the AUD. Of late, this is not the case and binary options trading strategies have been focused on the currency from down under so it’s not a big surprise to see it on the list. It is surprising to see 3 AUD based currencies in the top 8. That’s a simply amazing feat.

So looking at the Aussia, at least this week’s main focal point for binary options trading according to our own volume reports, the currency pair is in an interesting formation. For starters, binary options trading may simply focus on the basic resistances formed just above the current rate, which is .9369, at .9460. The upward trending currency pair will likely mean a much lower propensity for dips towards the supports, but they are very critical to keep an eye on simply due to the fact that there are 2 key levels of note:
1. The correction lower tom the November 2013 high of 0.97 down to .8672 back in late January, created a series of Fibonacci supports, most critical today amongst them being the .9310.
2. The baseline support coupled with another Fibonacci support just below the one explained above created a band of support .9190 and .9205. This band of support leads us to believe that the likelihood of a dip to this area in the coming days is extremely low

As such, binary options trading strategies on the Aussie will be looking strictly higher with a break of high potential at the resistance: .9460

AUDUSD with binary options 15-7-2014

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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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