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USD/CHF BINARY PUT OPTION – JUNE 1ST 2015

GBP/USD 1.25030 20:50 23.01
ALIBABA 98.255 20:45 23.01
GBP/USD 1.25057 20:40 23.01
BitCoin/CNY 6351.435 20:30 23.01
WELLS FARGO 54.405 20:30 23.01
TOYOTA (US) 118.250 20:30 23.01
COLGATE-PALMOLIVE 67.585 20:30 23.01
FERRARI 61.165 20:30 23.01
TSX 60 916.940 20:30 23.01
ALIBABA 98.210 20:30 23.01
BOEING 157.820 20:30 23.01
AUD/USD 0.75746 20:30 23.01
AUD/JPY 85.603 20:30 23.01
GBP/USD 1.25058 20:30 23.01
GENERAL ELECTRIC 29.645 20:30 23.01
S&P 500 2264.620 20:30 23.01
JP MORGAN CHASE 83.745 20:30 23.01
SILVER 17.171 20:30 23.01
AIG 65.535 20:30 23.01
USD/CAD 1.32506 20:30 23.01
GOLD 1215.815 20:30 23.01
DOW 19792.84 20:30 23.01
AUD/CAD 1.00366 20:30 23.01
DOLLAR INDEX-MAR17 100.135 20:30 23.01
3M 178.245 20:30 23.01
GOLD VS SILVER 70.8022 20:30 23.01
CITIGROUP 55.895 20:30 23.01
CITIGROUP VS AIG 0.85303 20:30 23.01
McDONALD'S 121.320 20:30 23.01
LAS VEGAS SANDS 55.485 20:30 23.01
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By: Adam Stone
June 1st, 2015 5:08 GMT, London UK

Today’s Binary Options Trading Strategy:

Currency Pair: USD/CHF
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary put options on rallies above 0.9410
• Downside Potential: The downside potential for this binary put option is 335 pips to 0.9075
• Upside Potential: The upside potential for this binary put option is 140 pips to 0.9540

The USD/CHF has retreated from its most recent intra-day high of 0.9543 which was reached on May 27th 2015. This level represented a false breakout above its horizontal resistance level and the USD/CHF has now completed a breakdown below it. The preceding advance emerged from its intra-day low of 0.9078 which was recorded on May 14th 2015; this level marked a slightly higher low as compared to its previous intra-day low of 0.9072 reached on May 7th 2015. A look at today’s binary options trading charts shows that the USD/CHF is trading inside of a rising wedge formation which suggests further downside.

Binary Options Trading Charts

Price action is currently trading between the ascending support level of its rising wedge formation and its horizontal resistance level. The USD/CHF is expected to breakdown below its ascending support level and accelerate to the downside. Binary options traders can profit from the anticipated breakdown with binary put options. Today’s binary options trading strategy suggests put options to be placed on rallies above 0.9410 for a risk/reward ratio of 1.0/2.39.

Volatility decreased during the advance away from its horizontal support level, but the false breakout above its horizontal resistance level resulted in a spike in volatility which further increased during the retracement and subsequent breakdown. Volatility is likely to increase again as the USD/CHF is trading inside of its rising wedge formation. Buyers may attempt to pressure this currency pair to the upside, but the ascending resistance level is expected to limit any advance. Sellers are favored to successfully breakdown below its ascending support level and enter a corrective phase.

The USD/CHF will face its first support level, after a breakdown below its rising wedge formation, at its intra-day low of 0.9348 which was recorded on May 29th 2015. A breakdown below this level will take the USD/CHF to its intra-day low of 0.9286 reached on May 22nd 2015. The next support level is located at its intra-day high of 0.9255 recorded on May 15th 2015 from where a final breakdown will lead the USD/CHF to its intra-day low of 0.9072 which was reached on May 7th 2015.

The following economic data out of the United States is expected to impact the base currency, the US Dollar, of the USD/CHF currency pair:
Personal Income & Personal Spending for the month of April:
• Expectations: An increase of 0.3% in personal income is expected for the month of April, an increase of 0.2% in personal spending
• Previous Report’s Data: A level of 0.0% in personal income was reported in the month of March, an increase of 0.4% in personal spending
• Impact on the US Dollar: The anticipated slowdown in personal spending is likely to pressure the US Dollar to the downside which favors binary put options in the USD/CHF currency pair

In addition the following economic report out of Switzerland is expected to impact the quote currency, the Swiss Franc, of the USD/CHF currency pair:
SVME Purchasing Managers Index for the month of May:
• Expectations: A level of 47.8 is expected for the month of May
• Previous Report’s Data: A level of 47.9 was reported in the month of April
• Impact on the Swiss Franc: The expected slowdown in the SVME Purchasing Managers Index is may not suffice to apply downward pressure on the Swiss Franc; this favors binary put options in the USD/CHF 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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