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AUD/CAD 1.00744 00:40 21.02
EUR/USD 1.06062 00:30 21.02
NZD/USD 0.71666 00:30 21.02
AUD/CAD 1.00763 00:20 21.02
BitCoin/CNY 7290.305 00:00 21.02
AUD/NZD 1.07178 00:00 21.02
NZD/USD 0.71742 00:00 21.02
EUR/AUD 1.37969 00:00 21.02
CAD/JPY 86.436 00:00 21.02
NZD/JPY 81.265 00:00 21.02
AUD/USD 0.76895 00:00 21.02
AUD/JPY 87.098 00:00 21.02
GBP/JPY 141.280 00:00 21.02
EUR/JPY 120.171 00:00 21.02
USD/JPY 113.272 00:00 21.02
EUR/USD 1.06089 00:00 21.02
NZD/JPY 81.332 23:30 20.02
AUD/USD 0.76855 23:30 20.02
AUD/JPY 87.028 23:30 20.02
EUR/JPY 120.162 23:30 20.02
EUR/USD 1.06119 23:30 20.02
USD/JPY 113.238 23:30 20.02
BitCoin/CNY 7186.225 23:00 20.02
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August 6th 2014 8:35am GMT, London UK

Today’s Binary Options Trading Strategy:

• Currency Pair: NZDJPY
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek call options on dips below 86.500
• Upside Potential: The upside potential for this call option is 200 pips to 88.500
• Downside Potential: The downside potential for this call option is 75 pips to 85.750

The NZDJPY has corrected over the past sixteen trading days which saw this currency pair move down from an intra-day high of 89.560 reached on July 15th 2014 down to an intra-day low of 86.419 reached on August 6th 2014. The final leg lower over the past sixteen trading hours was fueled by employment data released out of New Zealand covering the second-quarter of 2014 which came in mixed. Japanese data is not expected to be strong enough to warrant a continuation of a rally in the Japanese Yen which should further boost the NZDJPY.


After reaching its intra-day low of 86.419 price action is trying to stabilize and pending a potential short-covering rally. The correction has resulted in the formation of a falling wedge formation which is a bullish chart pattern and indicative of a potential reversal in price action. Binary options traders can take advantage from the expected reversal with a call option. Today’s binary options trading strategy suggests call options to be placed below 86.500 for a risk/reward ratio of 1.0/2.67.

The following economic data out of New Zealand impacted the base currency, the New Zealand Dollar, of the NZDJPY currency pair:

• Employment Data – The employment picture for the second-quarter in New Zealand came in mixed and disappointed most traders. The second-quarter employment change was reported at an increase of 0.4% quarter-over-quarter for an annualized increase of 3.7%. Economists expected an increase of 0.7% and 4.0%. First-quarter data remained unrevised at an increase of 0.9% and 3.7% respectively. One bright spot in today’s report was the decrease of the unemployment rate to 5.6% in the second-quarter which beat expectations for an unemployment rate of 5.8%. The first-quarter’s unemployment rate was revised higher to 5.9%. The labor force participation rate decreased to 68.9%, missing estimates for an increase to 69.3% while the first-quarter was revised down to 69.2%. Average hourly earnings rose 0.5%, missing estimates for a decrease to 0.6% from the first-quarter’s 0.7%. Private wages excluding overtime rose 0.6%, beating expectations for an increase of 0.5% as compared to the first-quarter’s increase of 0.3%. Private sector labor costs increased by 0.6% which beat estimates for an increase of 0.5% and compares to the first-quarter’s increase of 0.3%.
In addition the following economic report out of Japan impacted the quote currency, the Japanese Yen, of the NZDJPY currency pair:

• Coincident Index/Leading Index – The preliminary reading for Japan’s Coincident Index for June showed a bigger contraction than the 109.6 reading expected. The Coincident Index came in at 109.4 which compares to May’s 111.3. The preliminary reading for the Leading Index came in at 105.5 which matched expectations and compares to May’s 104.8. The Japanese Yen remained stable after the release.

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Daniel Gant
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Daniel Gant

Broker at GOptions
My strategies have been maintained and reworked for the last four years. Win loss accuracy and a stable method of volume production has insured my clients inside my personal portfolio success, not to mention the education, guides and management sessions that I teach daily.

I am not guaranteeing you success, but i am guaranteeing you that i will be providing you with my knowledge, training, time, strategies, technical analysis, fundamental analysis and all the tools that you will need to have a successful trading account.
Daniel Gant
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