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BINARY OPTIONS INSIGHTS FOR NOVEMBER 2ND 2015

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
November 2nd, 2015 5:58am GMT, London UK

Market Recap & Outlook:

The New Zealand Activity Outlook for the month of October surged to a level of 23.7 and the National Bank of New Zealand (NBNZ) Business Confidence Index sky-rocketed to 10.5. This represented a strong increase over September’s level of 16.7 and -18.9 respectively. How to trade in binary options is very simple; traders need to pick an asset, direction, expiry time as well as desired trading amount and place their trade.

The National Association of Purchasing Managers (NAPM)-Milwaukee Index out of the United States was reported at 46.66 in October while the Chicago Purchasing Manager Index was able to break out from contraction territory with a reading of 56.2. Economists expected smaller improvements of 44.00 for the NAPM-Milwaukee Index and 49.4 for the Chicago Purchasing Manager Index from September’s levels of 39.44 and 48.7 respectively.

Switzerland will release its retail sales report for September which is anticipated to post a contraction of 0.3% month-over-month and 0.1% year-over-year. This would mark a reversal over August’s increase of 0.5% month-over-month, but a slowdown in the rate of contraction over the 0.1% contraction reported year-over-year. The Swiss Franc could advance after the release of this report on the back of higher volume.

Today’s Binary Option Trading Recommendations Overview:

NZD/USD – Binary Put Option
USD/JPY – Binary Put Option
USD/CHF – Binary Put Option
Crude Oil – Binary Put Option
S&P 500 – Binary Put Option

Currency Pairs on today’s Radar Screen:

NZD/USD – The NZD/USD spiked into its descending resistance level which originated from its intra-day high of 0.6865 on October 23rd 2015. The 50 Day Moving Average (DMA) is moving higher and closing in on the descending 200 DMA. The Accelerator Oscillator (AC) has formed a negative divergence and the Relative Strength Index (RSI) is trading in overbought territory after drifting lower from extreme oversold conditions.
NZD/USD Binary Options Trading
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below its descending resistance level. The NZD/USD is anticipated to reverse its price spike. Binary option traders are advised to seek binary put options in the NZD/USD currency pair on rallies above 0.6760 on the H1 Hourly Chart. The downside potential for this binary put option is 140 pips to 0.6620 while the upside potential is 50 pips to 0.6810. This results in a risk/reward ratio of 2.80.

USD/JPY – The USD/JPY is exposed to an increase in downside pressure following the failed breakout above its horizontal resistance level. The descending 50 DMA is narrowing the gap to the 200 DMA which is drifting higher. The AC suggests more downside as upside momentum is fading. The RSI is trading in oversold conditions as a result of the move to the downside from extreme overbought territory.
USD/JPY Trade Now the US Dollar
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below its 50 DMA and below its 200 DMA. The USD/JPY is expected to drop back down into its horizontal support level. Binary option traders are advised to seek binary put options in the USD/JPY currency pair on rallies above 120.200 on the H1 Hourly Chart. The downside potential for this binary put option is 60 pips to 119.600 while the upside potential is 35 pips to 120.550. This results in a risk/reward ratio of 1.71.

USD/CHF – The USD/CHF broke down below of its horizontal resistance level which resulted in a momentum change to negative. The 50 DMA started to drift lower above the ascending 200 DMA. The AC supports an extension of the breakdown as positive pressure collapsed in this currency pair. The RSI is trading in neutral territory following the reversal from extreme overbought conditions which has added to downside momentum.
USD/CHF Trading Binary Options
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level. The USD/CHF is anticipated drift into its 200 DMA from where a breakdown is expected. Binary option traders are advised to seek binary put options in the USD/CHF currency pair on rallies above 0.9860 on the H1 Hourly Chart. The downside potential for this binary put option is 330 pips to 0.9530 while the upside potential is 95 pips to 0.9955. This results in a risk/reward ratio of 3.47.

Today’s Commodity Trade

Crude OilCrude Oil is losing upside momentum after drifting lower from its intra-day high of 47.00 which was reached on October 30th 2015. The ascending 50 DMA crossed above the 200 DMA which is trending sideways. The AC indicates the formation of a negative divergence as the RSI is trading in neutral conditions after descending from extreme overbought territory. Binary option trading courses are available to new traders.
Crude Oil Commodity Trade
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below its horizontal resistance level with an increase in downside pressure. Crude Oil is expected to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in Crude Oil on rallies above 46.00 on the H1 Hourly Chart. The downside potential for this binary put option is 340 pips to 42.60 while the upside potential is 100 pips to 47.00. This results in a risk/reward ratio of 3.40.

Today’s Equity Index Recommendation

S&P 500 – The S&P 500 collapsed below its horizontal resistance level which broke the uptrend and left this equity index vulnerable for a corrective phase. The 50 DMA is receding from its peak, but maintains above the 200 DMA which is moving to the upside. The AC favors a price action reversal from current levels while the RSI is trading in extreme oversold territory as a result of the drop from extreme overbought conditions.
SP 500 Trade the Index
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below of its horizontal resistance level as well as below of its 50 DMA. The S&P 500 is anticipated to complete a breakdown below its 200 DMA and accelerate to the downside. Binary option traders are advised to seek binary put options in the S&P 500 equity index on rallies above 2,065.00 on the H1 Hourly Chart. The downside potential for this binary put option is 5,000 pips to 2,015.00 while the upside potential is 2,000 pips to 2,085.00. This results in a risk/reward ratio of 2.50.

Key Fundamental Data:

Japan – The final revision to the Nikkei Manufacturing PMI for October came in at 52.4, down 0.1 point from the previously reported level of 52.5.
China – The Caixin Manufacturing PMI rose to a level of 48.3 in October which came in better than the 47.6 expected and was above the 47.2 released in September.
Switzerland – Economists anticipate the SVME-Purchasing Managers Index to rise to 50.1 in October from September’s contractionary reading of 49.5.
United States – The last revision to the Markit Manufacturing PMI for October is favored to confirm the previously reported 54.0.
United States – Economists anticipate construction spending to post an increase of 0.5% in September month-over-month. This would represent a slowdown over August’s increase of 0.7%.
United States – Expectations for the Institute Supply Management (ISM) call for a decrease of 0.2 points to 50.0 in October from September’s 50.2. Prices Paid are set to increase by 0.8 points from 38.0 to 38.8.

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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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