FX77 Option: August 2015

Tuesday, August 18, 2015

Technical Analysis on EUR/USD,GBP/USD,USD/JPY, August 18th,2015

This week’s focus is on Fed’s interest rate hike decision, the market is also waiting for the CPI data released by the US and the meeting report see light on Thursday to move.

Important event：09:30 RBA minutes, influence degree：high
14:30 Britain CPI(YoY)，influence degree：moderate

EUR/USD
According to the 1-hour chart of EUR/USD pair, the pattern of MACD continues to show a sign of decreasing bullish sentiment but the general bearish trend is infallible. We are buyers of put option until it bounces above 1.1117. Key support is found at 1.1057 and 1.1033.
Support: 1.1057 / 1.1032 / 1.1014
Resistance: 1.1187 / 1.1117 / 1.1106

GBP/USD
The movement of GBP/USD pair is quite similar to EUR/USD which has consolidated with downward trend. We mainly favor of buying put option; we won’t buy call option until it rises steadily to 1.5620.
Support:1.5576 / 1.5553 / 1.5528
Resistance:1.5614 / 1.5668

USD/JPY
According to the 1-hour chart, the USD/JPY pair continues to consolidate with indication of ascendance, so we would like to buy call options especially when it bounces above 124.51 or 124.57. We are buyers of put options when it bounces below 124.27-124.22.
Support: 124.27 / 123.90 / 123.72
Resistance: 124.51 / 125.07

[Tips]
All the information mentioned above is for reference only. FX77 Option team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us at
http://www.fx77.com/?lang=en&B&campaign=170

Monday, August 17, 2015

Technical Analysis on EUR/USD,GBP/USD and USD/JPY, August 17th, 2015

The big board is acting negatively according to the trend of most currency pairs. European and American options have consolidated with bearish trend, so we are mainly buyers of put option during the session today. The sterling has acted strongly with bullish sentiment but we are alert to a big slump that may come.

During the session today, New York Empire State Manufacturing Index(Aug) will come out of the US that has a medium degree of influence.

EUR/USD
The EUR/USD pair has declined since a pullback on Friday and it is still in bearish consolidation. We are mainly buyers of put options. we like buying put options when it runs below 1.1140, while we won’t buy call options until it breaks through 1.1147. Support is found at 1.1076 / 1.1057/1.1026 and resistance is found at from 1.1176 to 1.1180.

GBP/USD
According to the movement of 1-hour chart and 3-hour chart, the GBP/USD pair is acting strongly, which provides us opportunity to buy call option with the caution of big slump. The 1.5700 resistive level is quite subtle, once being broken through, it remains uncertain for further ascendance. Support is found at 1.5618 / 1.5580 and resistance is found at 1.5700 / 1.5784~1.5793 /1.5846.

USD/JPY
The USD/JPY continues to bounce around and is not clear for direction. MACD Index is acting strongly with pullback in the morning session. Put option can be purchased in the resistive level found from124.51 to 124.55. Resistance is found at 124.14 / 123.91 / 123.87 and support at 124.51 / 125.10

Thursday, August 13, 2015

Technical Analysis on EUR/USD,GBP/USD and USD/JPY, August 13th, 2015

Recently many countries have experienced economy stagnation, for which China, Japan and Canada have adopted easing currency policies. while America is encountering an awkward situation in which they are planning to implement a tight financial policy because of several previous easing polices. Under this situation, analysts expects that the US may postpone but unable to stop its tight financial policy.Meanwhile, USD index has gradually been bearish, providing opportunity of correction for other currencies.
During the session today, Jobless Claim will see light in the US at 20:30.

EUR/USD
The EUR/USD pair continues to act strongly since it caused a spike yesterday. It forms a long upper shadow with a K-pattern in terms of 4-hour chart and may call for correction in short-term period. We favor of buying put option during the session today. We have no interest in buying call option until it breaks through 1.1200. Resistance is found at 1.1200/1.1290 and support at 1.1105/1.1080/1.1035.

GBP/USD
Since the GBP/USD pair has shown signs of recovery, we are buyers of call options. Direction will be more clear when it breaks through 1.5650. Support is found at 1.5587/1.5573/1.5567 and resistance at 1.5647/1.5700/1.5790.

USD/JPY
The USD/JPY is plummeting as USD dropped dramatically yesterday, with no hope of rising in short-term session. We favor of buying put option, while we like buying call option when it bounces above 124.60. Support is found at 124.00/123.858/123.800/123.55 and resistance at 124.510/124.610/125.300

Thursday, August 6, 2015

Technical Analysis from FX77 Option, August 6th,2015

Data released from the US is mixed, ADP employment number of July increases 1.85 million, hitting a new low since April. July’s ISM Non-Manufacturing Index is 60.3, higher than the expected 56.2 and previous value of 56, hitting the ten-year high. Non USD currencies are expected to be bearish with a bullish prelude.

During the session today, Halifax House Price Index (MoM) of July will see light in Britain, with Industrial Production(June) and BoE’s Interest Rate Decision released in Britain. Initial Jobless Claims of first week of August will also see light in the US. With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trading.

EUR/USD
The EUR/USD pair continues to show signs of bullish momentum, which provides us opportunity of buying call option on dips. Resistance is found at 1.0950/1.0980 and support at 1.0880/1.0850

USD/JPY
As the USD/JPY pair continues to bounce around with consolidation, we are buyers of call option on dips. Resistance is found at 125.00/125.30 and support at 124.50/124.20.

GBP/USD
Since the GBP/USD pair has rallied with upward trend, we favor of buying call options. Resistance is found at 1.5650/1.5700 and support at 1.5600/1.5550.

[Tips]

All the information mentioned above is for reference only. FX77 Option team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us at
http://www.fx77.com/?lang=en&B&campaign=170

Wednesday, August 5, 2015

Technical Analysis from FX77 Option,August 5th,2015

Today’s pivotal events will focus on the US ADP data and American Trade Balance data. ADP employment number increased 2.15 million in June, compared to previous increase of 2.37 million. ADP employment data is regarded as the wind indicator of Non-farm Payrolls, with a positive ADP data, it is high time that NFP should perform positively. Furthermore, with all the chatter about Fed’s interest rate hike decision in September, ADP employment data released in the evening will give more hints of it.
During the session today, CPI(YoY)(July) will see light in Switzerland, with Service PMI(July) consecutively released in France, Germany, Eurozone and Britain. Retail Sales of June will also see light in Eurozone with Trade Balance(June) schemed to released in Canada. ADP employment number(July) as well as ISM Non-Manufacturing PMI will finally come out in the US.With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trading.

EUR/USD
The EUR/USD pair is bearish in the overall position with opportunity of buying put. Resistance is found at 1.0920/1.0980 and support at 1.0850/1.0800.

USD/JPY
As the USD/JPY has bounced around with consolidation, we are buyers of call option on dips. Resistance is found at 124.60/125.00 and support at 124.00/123.60.

GBP/USD
Since the GBP/USD pair continues to show signs of bearish sentiment, we favor of buying put option. Resistance is found at 1.5600/1.5650 and support at 1.5500/1.5450.

Tuesday, August 4, 2015

Technical Analysis from FX77 Option,04/08/2015

Yesterday PMI data from Eurozone acted positively, with a manufacturing MPI(July)of 52.4, better than expected 52.2. Manufacturing steps are accelerating in Germany, France and Italy, but with negative factors from Greek stock, EUR is expected to be encumbered by Greek issue.

During the session today, Construction PMI(July) will see light in Britain, with PPI(YoY)(June) released in Eurozone. The US is schemed to release its Factory Orders(June) at 22:00. With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trading.

EUR/USD
The EUR/USD pair has bounced around with upward trend, which provides us opportunity of buying call options on dips. Resistance is found at 1.1000/1.1050 and support at 1.0930/1.0900.

USD/JPY
Since the USD/JPY pair continues to bounce around with consolidation, we favor of buying put option. Resistance is found at 124.30/124.60 and support at 123.60/123.30.

GBP/USD
The GBP/USD pair has shown a sign of bullish momentum, so we are buyers of call option on dips. Resistance is found at 1.5660/1.5700 and support at 1.5560/1.5530.

Monday, August 3, 2015

Technical Analysis from FX77 Option,03/08/2015

This week’s focus is on Non-farm Payroll data, which has pivotal influence on USD and interest rate hike. If expectation of interest rate hike in Sept.cools down, USD may fall with pullback in short-term period. Moreover, this week is packed with forex data that can move the market severely.

During the session today, SVME PMI(July) will see light in Switzerland, with Manufacturing PMI(July) released in France, Germany and Britain. Core PCE Price Index(June)and Personal Income(June)are schemed to released in America, with Markit Manufacturing PMI(July) released in the US at 21:45. American Construction Spending(June) as well as ISM Manufacturing PMI will also see light this evening. With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trading.

EUR/USD

The EUR/USD has bounced around with consolidation, which provides opportunity of buying call options on dips. Resistance is found at 1.1050/1.1100 and support at 1.0950/1.0900.

USD/JPY

Since the USD/JPY pair continues to show bearish momentum, we are buyers of put option in short-term trading. Resistance is found at 124.50/124.80 and support at 123.50/123.30.

GBP/USD

As the GBP/USD pair has shown a sign of bullish sentiment, we like buying call option on dips. Resistance is found at 1.5680/1.5730 and support at 1.5600/1.5500.

[Tips]

All the information mentioned above is for reference only. FX77 Option team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us at

http://www.fx77.com/?lang=en&B&campaign=170