Technical Analysis on EUR/USD,GBP/USD,USD/JPY, Feb 24,2016

Bank of England governor Mark Carney has indicated that investors fear the pound will suffer fresh losses as the EU referendum approaches. He also suggested that if British economy requires more stimulus, an interest rate cut or extending bond buying policy can be applied. However, we believe that British economic growth is not affected even under the global economic slowdown. 

EUR/USD

Seen from the 4-hour chart, the EUR/USD is traded at a bearish trend, we are mainly buyers of put options. 

Support：1.0990/1.0949            Resistance：1.1046/1.1100

GBP/USD  

Even the GBP/USD is traded at historically low levels, it is surging to form a resistance to rebound.Call options can be purchased with caution.

Support：1.4000/1.3500              Resistance：1.4075/1.4133

USD/JPY

As the USD/JPY continues to traded at bearish momentum, we are mainly buyers of put options during the daytime session. However, seen from the 1-hour chart, it may require a bearish correction. With that being the case, put options should be suspended when it hit the supportive level at 111.00. 

Support：111.00/110.50             Resistance：112.24/112.47

[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.

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Binary Options Trading Strategies - How to Trade on Hanging Man Candlestick Chart Pattern?

Binary options sometimes is recognized as gambling, for traders either buy call or put and there are only two results: you lose all your investment or win a predetermined percentage profit. However, binary options is not gambling indeed, you can predict the price direction based on technical analysis and fundamental analysis. As a newbie trader, i started to learn how to employ candlestick chart to help me find trading opportunities several weeks ago and it worked. I want to share some hints here and hopefully you can also gain your profit by using my methods.

Hammer

Hammer is one of the unique pattern in candlestick chart that can indicate clear direction. It is a price pattern that occurs when an asset trades significantly lower than its opening, but rallies later in the day to close either above or close to its opening price. To be technical, the length of a hammer’s lower shadow is twice or more of the real body. This pattern forms a hammer-shaped candlestick as it shows below.

Binary Options Trading - Technical Analysis on EUR/USD,GBP/USD,USD/JPY

Technical Analysis on EUR/USD,GBP/USD,USD/JPY, Feb 4,2016 

Even though the ADP employment data released yesterday was better than expectation, but expectation on Fed interest rate hike has collapsed as chief economist from Goldman Sachs believed it may delay to June. 50% of the investors believe an interest rate hike will happen this year, while even 25% of them believe it will occur twice. Meanwhile, Bank of England(BoE) will release its interest rate decision, minutes and inflation report at 12:00(GMT).

EUR/USD

Seen from the 4-hour chart, the price of EUR/USD is dragging off the average line after yesterday’s big slump. As it requires a correction, we are cautious of buying put options during the morning session, but we are mainly buyers of call option during the session today.

Support：1.1050/1.1000 Resistance：1.1230/1.1267

FX77 Option Binary Trading Signals for Jan 26,2016

Daily Important Event: No

EUR/USD
As it continues to rebound, we are mainly buyers of call options.
Support：1.0807/1.0782       Resistance：1.0870/1.0895

GBP/USD 
Put options can be purchased as the GBP/USD continues to drop down.
Support：1.4189/1.4148      Resistance：1.4273/1.4305

USD/JPY
We prefer buying put options as it is trading at bearish correction.
Support：117.69/117.43     Resistance：118.63/118.84

Technical Analysis on EUR/USD,GBP/USD,USD/JPY, Jan 25th 2016

This week’s focus lies on Fed’s interest rate decision released on Jan 28th. It is all believed that Fed won’t make any changes on this meeting, as a new report by Rabobank analysts revealed that an interest rate hike would not happen before the policy-making meeting in June. 

EUR/USD
As the EUR/USD rebounds slightly during the morning session, we prefer buying call options. As the bullish momentum dominates the overall trend, call options should be suspended in the afternoon to seek opportunities to buy put options. 
Support：1.0780/1.0730       Resistance：1.0816/1.0836

GBP/USD 
Seen from the 1-hour chart, the GBP/USD was traded at bearish correction. Call options can be purchased with caution during the morning session, while put options should be purchased in the afternoon. 
Support：1.4240/1.4220           Resistance：1.4328/1.4360

USD/JPY 
Seen from the 4-hour chart, the USD/JPY pair tend to bend down as a result of long-term average line. But with MACD running above the 0 axis, the bullish sentiment still exits. Put options can be purchased during the morning session and it can be converted into call options as opportunity occurs. 
Support：118.20/118.00      Resistance：118.84/119.10

[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.

Binary Options Trading: Technical Analysis on EUR/USD,GBP/USD,USD/JPY, Jan 22,2016

European Central Bank kept its interest rate unchanged on the monetary policy meeting yesterday. Eurozone’s inflation has been challenged,which is expected to strike lower in the following month, announced by Draghi from the press conference. 

EUR/USD
We prefer buying put options as the EUR/USD continues to trade with bearish trend. 
Support：1.0820/1.0780          Resistance：1.0880/1.0900

GBP/USD
Call options can purchased with caution as the GBP/USD is expected to bounce back. 
Support：1.4114/1.4000    Resistance：1.4260/1.4335
  

USD/JPY
We are mainly buyers of call options as the USD/JPY continues to rally. 
Support：117.40/117.20               Resistance：118.14/118.33 

[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 FX77.COM

Binary Options Trading - Technical Analysis on EUR/USD,GBP/USD,USD/JPY

Technical Analysis on EUR/USD,GBP/USD,USD/JPY, Jan 21,2016

During the session today, we are expecting the interest rate decision coming out of European Central Bank. It is believed that this meeting won’t reach an agreement on extending quantitative easing policy. However, we believe the inflation rate in Eurozone is approaching the inflation warning level, which should offer considerable resistance to EUR.

EUR/USD

Seen from the 1-hour chart, the MACD of EUR/USD is bending toward the 0 axis, so we are mainly buyers of put options. Put options should be suspended at 1.0860. If be broken, put options can be continued.

Support：1.0847/1.0817 Resistance：1.0900/1.0955

Technical Analysis for Binary Options Trading - Technical Analysis on EUR/USD,GBP/USD,USD/JPY

Technical Analysis on EUR/USD,GBP/USD,USD/JPY, Jan 20th,2016

During the session today, we are expecting the interest rate decision released from Bank of Canada as well as currency policy report at 15:00(GMT). This interest rate decision has been a widespread concern as USD/CAD has been traded at high level, which is quite rare for the past ten years. Therefore, it is likely that USD/CAD will surge up at the moment when decision releases.

EUR/USD

Seen from the 1-hour chart as well as the 4-hour chart of the EUR/USD, it is traded with a positive bullish momentum. With that being the case, we are buyers of call options.

Support：1.0880/1.0863 Resistance：1.0941/1.0980

Technical Analysis for Binary Options Trading - Technical analysis on EUR/USD,GBP/USD,USD/JPY

Technical analysis on EUR/USD,GBP/USD,USD/JPY,Jan 19th, 2016

Data released by Eurostat shows that EU industrial production is down by 0.7% in Dec 2015, hitting the one-year-low. Meanwhile, the consumption is not optimistic,either. Retail sales(MoM) dropped by 0.3%, following a two-month decline. With that being the case, Eurozone is under great pressure to extend quantity easing policy. We expect a bearish EUR in the forex market.

EUR/USD

The MACD of EUR/USD is running below the 0 axis as it shows in the 1-hour chart,meanwhile the price is approaching the uptrend line in the vicinity of 1.0868. Technically speaking, call options can be purchased at this entry. But we need to notice that the weakening MACD may not offer sufficient support at this position. Therefore, call options can be purchased at break of 1.0902, while put options can be purchased when it dips below 1.0865.

Support：1.0870、1.0846，Resistance：1.0902、1.0942

Technical Analysis for Binary Options Trading - Technical Analysis on EUR/USD,GBP/USD,USD/JPY

Technical Analysis on EUR/USD,GBP/USD,USD/JPY, Jan 15,2015

After ECB Minutes released, economist Greg Fuzesi from J.P． Morgan Chase Co.predicted that there was some interest on the ECB in taking a bigger interest rate cut by 10 base point to -0.4%. They also attempt to extend QE program to Sept 2017. With that being the case, the euro is expected to drop further.

Fed’s beige book released on Wednesday finds modest growth in 9 out of 12 districts. Job market and price continued to improve moderately, which has offset the negative effect on strong US dollar and dropping oil price.

EUR/USD

As EUR/USD continues to rally, we are buyers of call options during the morning session. Meanwhile, the average line in 4-hour chart tends to bend down, indicating an end of call option at 1.0890. Traders ought to take opportunities to buy put options.

Support：1.0835/1.0808 Resistance：1.0890/1.0929

Technical Analysis on EUR/USD,GBP/USD,USD/JPY, Jan 14,2015

Even though the market has gone sour for economy development, American inflation rate continues to rise, revealed by Stephen Stanley, chief economist from Amherst Pierpont Securities. As domestic economy plays an essential role in American economy while international trade only occupies 15% of economy aggregate, he believes the slowdown on global economy will not affect American economy as severely as we expected.  

EUR/USD
Seen from the 1-hour chart, the MACD is running above the 0 axis with price trading above all the average line. Bullish momentum takes control and we are mainly buyers of call options. 
Support：1.0860/1.0809            Resistance：1.0903/1.0935

GBP/USD
The GBP/USD is trading at a strong bullish trend with no end in sight. Put options can be purchased, but we need to be cautious about the interest rate decision released late at 12:00(GMT).
Resistance：1.4270/1.4000   Support：1.4438/1.4476

USD/JPY
Seen from the 1-hour chart, the USD/JPY getting to its bottom again with its MACD getting back below the 0 axis. We prefer buying put options during the daytime  session. There could support pullback in the vicinity of 117.30. 
Support：116.80/116.40           Resistance：117.84/118.34

[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&FB&campaign=170

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