+1 (866)-882-6854
+ 44 203-807-1675
Chat
09:03:45 GMT
Black & White

EUR/USD WITH REVERSALS TODAY

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
X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
May 21st 2014 7:58am GMT, London UK
 

Binary options traders start this fine Wednesday morning with a fair bit to chew on but possibly more negativity than before. Again when facing the possibility of an elevated and forward moving US equity market, we got another dip. The S&P was unable to manage even the slightest of moves upwards and just fell back down to 1872 and binary options traders probably looked elsewhere. According to volume results, binary options traders probably didn’t even bother looking at the index yesterday seeing as how volume dropped to just 15% of normal levels which is very common for this index when the markets turn red.

So looking at the day ahead, binary options traders will likely again keep the S&P on their watch lists, but we expect little no action on it. Instead, traders will keep a keen eye on the forex pairs.

The EUR/USD again broke past resistance at 1.3710 after dipping below 1.37 for much of the day yesterday. Looking towards the trading day ahead, binary options traders looking for forex pairs to trade really need look no further than the EUR/USD which is providing ample action for traders these last few days. In comparison to nearly every other asset, including other forex pairs, the volatility associated with the pair has been a boon for traders.

According to our forex specialist and dealing room associate, Eduardo Castillo, the market is simply a volatility junky’s dream. He explain that “the fact that the market is heading up and back down within a relatively stable and clear trend channel, it makes binary trading much more profitable for the new trader especially. All that is needed is patience and vigilance, traders exhibiting such traits on days like these are simply rewarded with an extremely high number of positive signals and helps avoid those profit killing false breaks. But be warned, it’s not that the market is holding strictly within the range; their are infrequent but legitimate breaks happening nearly daily.”

What this means for binary options traders is that beyond just using reversal strategies on the nearing support or resistance lines, a trader needs to be online and in control as the market moves so as to avoid potential losses due to false reversals and this real breaks. When those daily break occur, you need to be ready to pounce and take the same direction for longer term trades which can be hours long and not seconds or minutes as can be used for reversal trades.

SEE THE CHART BELOW TO GET A GOOD UNDERSTANDING OF THE CURRENT BEHAVIOR OF THE EUR/USD AND POSSIBLE COMING BREAKS

EURUSD with bianry options 21-5-2014

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