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NZD/USD BINARY OPTIONS TRADING – JULY 13TH 2015

BitCoin/CNY 6273.870 21:00 24.01
WELLS FARGO 54.700 21:00 24.01
USD/CHF 1.00085 21:00 24.01
TOYOTA (US) 117.620 21:00 24.01
SONY 30.485 21:00 24.01
SILVER 17.118 21:00 24.01
GOLD 1209.957 21:00 24.01
COLGATE-PALMOLIVE 68.265 21:00 24.01
FIAT CHRYSLER 10.89 21:00 24.01
LOCKHEED MARTIN 252.895 21:00 24.01
FERRARI 62.695 21:00 24.01
TSX 60 924.440 21:00 24.01
AUD/NZD 1.04665 21:00 24.01
ALIBABA 101.450 21:00 24.01
BOEING 160.540 21:00 24.01
NZD/USD 0.72463 21:00 24.01
BANK OF AMERICA 22.945 21:00 24.01
PFIZER 31.155 21:00 24.01
CAD/JPY 86.432 21:00 24.01
NZD/JPY 82.435 21:00 24.01
AUD/USD 0.75845 21:00 24.01
AUD/JPY 86.280 21:00 24.01
GBP/JPY 142.263 21:00 24.01
GENERAL ELECTRIC 29.990 21:00 24.01
S&P 500 2280.120 21:00 24.01
JP MORGAN CHASE 84.715 21:00 24.01
GOLD/EUR 1127.335 21:00 24.01
USD/JPY 113.763 21:00 24.01
EUR/JPY 122.101 21:00 24.01
CITIGROUP VS JP MORGAN CHASE 0.67015 21:00 24.01
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By: Adam Stone
July 13th, 2015 5:22am GMT, London UK
Today’s Binary Options Trading Strategy:

Currency Pair: NZD/USD
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary call options on dips below 0.6730
• Upside Potential: The upside potential for this binary call option is 280 pips to 0.7010
• Downside Potential: The downside potential for this binary call option is 110 pips to 0.6620

The NZD/USD has recovered from its false breakdown below its horizontal support level and its intra-day low of 0.6620 reached on July 7th 2015. This currency pair was guided to the downside by its narrow bearish price channel which emerged after the NZD/USD recorded its intra-day high of 0.7012 on June 17th 2015. The reversal of its false breakdown reached an intra-day high of 0.6771 on July 10th 2015 from where the descending resistance level of its bearish price channel exercised an increase in downward pressure. FX options trading recommendations have been on the rise favoring binary call options in the NZD/USD currency pair.
NZD/USD Binary Oprions Trading
 

Price action is currently trading just above of its horizontal support level which is being intersected by its bearish price channel. The NZD/USD is expected to breakout above its descending resistance level from where it can accelerate to the upside. Binary options traders can profit from the anticipated advance with binary call options. Today’s binary options trading strategy suggests call options to be placed on dips below 0.6730 for a risk/reward ratio of 1.0/2.55.

The NZD/USD witnessed a decrease in volatility as price action contracted inside of its bearish price channel, but the false breakdown and subsequent reversal have invited a gradual increase in volatility. Binary options traders should expect more volatility ahead as this currency pair is trading inside of its bearish chart pattern and just above of its horizontal support level. Sellers are likely to attempt a breakdown below the ascending support level of its bearish price channel in order to accelerate to the downside. Buyers are favored to successfully force a breakout above its descending resistance level from where this currency pair can advance back into its horizontal resistance level.

The first resistance level, after a successful breakout above its bearish price channel, awaits the NZD/USD at its intra-day high of 0.6771 which was recorded on July 10th 2015. This level marks the high of the reversal after its false breakdown. The next resistance level is located at its intra-day high of 0.6882 reached in June 29th 2015 from where the path is cleared to its intra-day high of 0.6923 which was recorded on June 25th 2015. The last resistance level is set at its intra-day high of 0.7012 reached on June 17th 2015.

The following economic data out of New Zealand already impacted the base currency, the New Zealand Dollar, of the NZD/USD currency pair:
Food Prices for the month of June:
• Expectations: An increase of 0.2% was expected for the month of June
• Previous Announcement: An increase of 0.4% was reported in the month of May
• Released Data: An increase of 0.5% was reported for the month of June
• Impact on the New Zealand Dollar: The reported increase in food prices has pressured the New Zealand Dollar to the upside; this favors binary call options in the NZD/USD 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 NZD/USD currency pair:
Monthly Budget Statement for the month of June:
• Expectations: A budget surplus of $50.0 billion is expected for the month of June
• Previous Report’s Data: A budget deficit of $82.4 billion was reported for the month of May
• Impact on the US Dollar: The expected budget surplus may not suffice to apply upward pressure on the US Dollar which favors binary call options in the NZD/USD 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.
Adam Stone
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