+1 (866)-882-6854
+ 44 203-807-1675
08:10:36 GMT
Black & White


FTSE F-DEC16 6745.750 08:00 06.12
USD/RUB 63.806 08:00 06.12
USD/CHF 1.00590 08:00 06.12
OIL-FEB17 (BRENT) 54.685 08:00 06.12
COPPER-NOV16 2.6553 08:00 06.12
NZD/CHF 0.71775 08:00 06.12
CAD/CHF 0.75864 08:00 06.12
NZD/USD 0.71357 08:00 06.12
EUR/AUD 1.44544 08:00 06.12
CAD/JPY 85.854 08:00 06.12
AUD/USD 0.74454 08:00 06.12
AUD/JPY 84.756 08:00 06.12
GBP/USD 1.27552 08:00 06.12
VTB BANK 0.068930 08:00 06.12
TENCENT HOLDINGS 190.150 08:00 06.12
ROSNEFT' 350.875 08:00 06.12
GOLD VS SILVER 69.8109 08:00 06.12
EUR/GBP 0.84379 08:00 06.12
OIL-JAN17(WTI CRUDE) 51.435 08:00 06.12
SILVER 16.805 08:00 06.12
GOLD/EUR 1090.185 08:00 06.12
GOLD 1173.311 08:00 06.12
NASDAQ F-DEC16 4779.125 08:00 06.12
GOLD VS OIL 21.4558 08:00 06.12
USD/CAD 1.32590 08:00 06.12
S.BANK INDIA 259.675 08:00 06.12
AXIS BANK 460.725 08:00 06.12
TATA STEEL 414.100 08:00 06.12
TATA MOTORS 443.150 08:00 06.12
NIFTY F-OCT16 8181.500 08:00 06.12
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
February 23rd, 2015 6:02am GMT, London UK
Today’s Binary Options Trading Strategy:
• Currency Pair: EURCHF
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary put options on rallies above 1.0720
• Downside Potential: The downside potential for this binary put option is 500 pips to 1.0220
• Upside Potential: The upside potential for this binary put option is 280 pips to 1.1000The EURCHF has entered a recover mode after the Swiss National Bank shocked financial markets by abandoning the 1.2000 floor in this currency pair and slashing interest rates. The turmoil caused heavy losses, and the EURCHF briefly dipped well below parity. A recovery has begun, but the EURCHF covered plenty of ground in a short amount of time which led to the creation of a rising wedge formation. This currency pair reached an intra-day high of 1.0811 on February 20th 2015 before drifting to the downside. A new horizontal resistance level has formed as well.


Price action is now trading inside its newly formed horizontal resistance level and inside its rising wedge formation. The EURCHF is expected to breakdown below its bearish chart pattern as well as horizontal resistance level and accelerate to the downside. Binary options traders can profit from the anticipated breakdown with binary put options. Today’s binary options trading strategy suggests put options to be placed on rallies above 1.0720 for a risk/reward ratio of 1.0/1.79.

Volatility has decreased sharply as the EURCHF enjoyed a solid advance from all-time lows. Volatility was further depleted as the rising wedge formation emerged and price action contained inside, but a spike in volatility should be expected as this currency pair is likely to attempt a breakdown. Buyers may attempt to keep the current uptrend intact and pressure a move to the upside which is not expected to materialize. Sellers are favored to take the bearish chart pattern together with its horizontal resistance level as a platform to successfully force a breakdown.

The EURCHF will face its first support level, after a successful breakdown below its rising wedge formation as well as horizontal resistance level, at its intra-day low of 1.0549 which was reached on February 16th 2015. A breakdown below this level will take the EURCHF to its intra-day low of 1.0413 which was recorded on February 9th 2015. This level marks the origin of the ascending support level of its rising wedge formation. The final support level is located at its intra-day high of 1.0226 which was reached on January 27th 2015.

The following economic data out of the Eurozone is expected to impact the base currency, the Euro, of the EURCHF currency pair:
German IFO Data for the month of February:
• Expectations: The IFO Business Climate Index is expected at 107.7 for the month of February, the IFO Current Assessment Index at 112.5 and the IFO Expectations Index at 103.0
• Previous Report’s Data: The IFO Business Climate Index was reported at 106.7 for the month of January, the IFO Current Assessment Index at 111.7 and the IFO Expectations Index at 102.0
• Impact on the Euro: Expectations for the IFO report out of Germany may be too optimistic and the risk remains to the downside which would apply downward pressure on the Euro; this favors binary put options in the EURCHF currency pair

In addition the following economic report out Switzerland is expected to impact the quote currency, the Swiss Franc, of the EURCHF currency pair:
Annualized Money Supply for the month of January:
• Expectations: A contraction of 1.0% is expected for the month of January
• Previous Report’s Data: An increase of 3.3% was reported for the month of December
• Impact on the Swiss Franc: The anticipated slowdown in money supply out of Switzerland is likely to be overshadowed by economic data out of the Eurozone which favors binary put options in the EURCHF 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