+1 (866)-882-6854
+ 44 203-807-1675
00:40:57 GMT
Black & White


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
AUD/NZD 1.06976 23:00 20.02
NZD/USD 0.71849 23:00 20.02
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
December 3, 2014 5:38am GMT, London UK
Today’s Binary Options Trading Strategy:

• Currency Pair: USDCHF
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary put options on rallies above 0.9700
• Downside Potential: The downside potential for this binary put option is 145 pips to 0.9555
• Upside Potential: The upside potential for this binary put option is 50 pips to 0.9750

The USDCHF is now in the process of completing a move higher which was fueled by its ascending support level. The current move to the upside has been halted by its descending resistance level which has merged with its horizontal resistance level. This currency pair has previously moved lower after reaching an intra-day high of 0.9742 on November 7th 2014. The downside move recorded an intra-day low of 0.9530 on November 19th 2014. The ascending support level will provide a crucial battle ground for buyers and sellers as it has managed to halt a move to the downside on two different occasions.

Price action is now trading at its double resistance level as the descending resistance level has merged with its horizontal resistance level. The USDCHF is anticipated to breakdown below its horizontal resistance level and accelerate to the downside. Binary options traders can profit from the expected breakdown with binary put options. Today’s binary options trading strategy suggests put options to be placed on rallies above 0.9700 for a risk/reward ratio of 1.0/2.90.


Volatility may increase as a standoff between buyers and sellers at the merged resistance level is expected. The current upward momentum may suffice for a breakout above its current resistance level, but is expected to be limited to its intra-day high of 0.9742 which was reached on November 7th 2014 from where a double top formation could reverse the move lower. Sellers may try to use the current resistance level coupled with the overextended move higher in order to force a breakdown which is likely to accelerate to the downside. This favors binary put options in the USDCHF currency pair.

The first support level awaits the USDCHF at its ascending support level around the 0.9670 mark. A breakdown below this level will take this currency pair to its intra-day low of 0.9615 which was reached on December 1st 2014. This level represents the last time the USDCHF touched its ascending support level before accelerating to the upside. The final support level is located at its intra-day low of 0.9530 which was reached on November 19th 2014.

The following economic data out of the United States is expected to impact the base currency, the US Dollar, of the USDCHF currency pair:

ADP Employment Change for the month of November:

• Expectations: An increase of 224,000 private sector jobs is expected for the month of November
• Previous Report’s Data: An increase of 230,000 private sector jobs was reported in October
• Impact on the US Dollar: The expected slowdown in private sector jobs could be an indicator for a weaker non-farm payroll report on Friday and pressure the US Dollar to the downside; this favors binary put options in the USDCHF currency pair

In addition the following economic report out of Switzerland is expected to impact the quote currency, the Swiss Franc, of the USDCHF currency pair:

Gross Domestic Product for the third-quarter of 2014:

• Expectations: A quarterly expansion of 0.3% is expected for the third-quarter, an annualized expansion 1.4%
• Previous Report’s Data: A quarterly expansion of 0.2% was reported in the second-quarter, an annualized expansion 1.4%
• Impact on the Swiss Franc: The expected increase in the expansion for the quarterly GDP figure could suffice to pressure the Swiss Franc to the upside which favors binary put options in the USDCHF 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

Latest posts by Adam Stone (see all)

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store