Binary Option Trading Opportunities - July 6, 2015
The Greek referendum will be the biggest mover of markets by far during the course of the session on Monday, as we will start getting results of the vote buying the Greek public on whether or not they want to be bothered with austerity. At the end of the day though, it appears that several of the markets will have somewhat made up their mind, and we will look at them as such.
Considering that there was a technical default by Greece already, it’s rather refreshing to see that the EUR/USD pair did not fall apart. Because of this, we believe that as long as we are above the 1.10 handle, this market should continue to go higher, and we would be call buyers.
Gold markets bounced slightly during the session on Friday, and because of this we believe that we can break the top of that range, and the 1170 level, we would be buyers of calls going forward to the 1190 handle. We have no interest in buying puts at this point.
The FTSE fell during the session on Friday, as the markets await the Greek vote. With this, it was a bit of a “risk off” session. However, we think that there is a significant amount of support at the 6500 level. Because of this, we are buyers of calls below…
The British Pound declined against the US Dollar. The pair is currently trading at the rising trend-line. We favour of buying call options in case of trading above the trend-line. Near-term resistance is at 1.5665. In case of a move below the rising trend-line, we could be buyers of puts. Near-term support level is at 1.5465.
The DAX 30 prices are currently trading across the bearish channel, with that in mind we favour buying put options. Near-term support is at 10904.80, with a break below that exposing the 10797.19. In case of a move above the 11277.04 on a daily closing basis, we may could be buyers of call options.
The USD/CAD pair is trading higher above the resistance-turned-support level at 1.2560-1.2530 area. We would be buyers of calls for the USD/CAD. Near-term resistance is at 1.2660 with a break above that on a daily closing basis exposing the next level at 1.2835. In case of a move below the 1.2530, we could be buyers of puts.
Disclosure: None.