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TODAY FOR BINARY OPTIONS TRADERS

GBP/USD 1.24430 17:20 22.02
EUR/USD 1.05615 17:20 22.02
OIL-APR17 (BRENT) 55.815 17:15 22.02
ALIBABA 104.870 17:15 22.02
AUD/USD 0.76832 17:15 22.02
AUD/JPY 87.185 17:15 22.02
SILVER 17.963 17:15 22.02
GOLD/EUR 1167.045 17:15 22.02
OIL-MAR17(WTI CRUDE) 53.980 17:15 22.02
GOLD 1232.476 17:15 22.02
EUR/JPY 119.846 17:15 22.02
USD/JPY 113.478 17:15 22.02
GBP/USD 1.24423 17:10 22.02
EUR/USD 1.05583 17:10 22.02
BitCoin/CNY 7487.500 17:00 22.02
USD/MXN 19.919 17:00 22.02
WELLS FARGO 58.325 17:00 22.02
USD/CHF 1.01100 17:00 22.02
OIL-APR17 (BRENT) 55.725 17:00 22.02
TOYOTA (US) 114.275 17:00 22.02
SONY 31.285 17:00 22.02
COLGATE-PALMOLIVE 73.035 17:00 22.02
FIAT CHRYSLER 11.35 17:00 22.02
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Markets finally took a much needed break and binary options traders got a glimpse of a minor correction in the US stock markets. In addition, over the last 72 hours, the USD has hit a snag and has been unable to make any gains above those made last week. But no major breaks were seen and as such, binary options traders focused on the indices. Unfortunately, despite a great formation on the daily charts for the major US indices, the markets weren’t having any of it and binary options weren’t able to take up options on any breaks simply because they never came. Now, it might take a few days to get back into such a position again. The reason is, it will be hard today for the market to make much in the way of progress considering the expected drop in volumes due to the observation of the Yom Kippur holiday.

 

Earlier this week, we reported on the possibility of a major break to the upside by Boeing stock, while it didn’t actually happen on Tuesday, the day of the report, it did occur yesterday. The stock, as expected by our team, blasted off right past the resistance and set up a very low risk and profitable up option for binary traders. The stock is now just above it’s all time high and looks to continue strengthening with good fundamentals and a solid technical outlook. Binary options traders can again focus on the stock as it looks to break its own record highs now. 110.22 is the resistance level at the moment and a break will allow the use of up options with low risk expected. However, despite our current assessment of risk levels, things are very dynamic and require binary options traders to take their risk seriously.

 

Boeing with binary options 13-9-2013

Boeing with binary options 13-9-2013

 

 

We recommend opening the charts prior to taking any trade. While open, use the MACD to gauge the probability of a reversal. The more likely the reversal, the less inclined you should be to open a trade going in the direction of the trend.

 

The RSI is also a valuable tool to use when gauging your risk level. In this case, you want the RSI in the direction of the market trend or in the direction of the trade. It’s important to note that some trades use the RSI as a means of gauging overbought and oversold levels. But these are more useful for being utilized using reversal strategies and not for break strategies.

 

Note that today, market analysis might end up focusing somewhat on the news expected for the day. The market will see the release of the PPI in the US as well as the Retail Sales figures for the previous month. For the Retail Sales, markets are expecting a rise and this could place a decent amount of upward pressure on the USD and stock indices if in fact we get a figure of 0.4% or higher

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