Binary Options Asset Insights - Friday, January 13
The Friday session has quite a bit coming out as far as economic announcements are concerned. This could cause quite a bit of volatility and as a result we are looking at several different markets, with a special interest on the following 3:
Gold
Gold markets have taken off over the last several weeks, but now is approaching the $1200 level. There is a lot of noise above, extending all the way to the $1230 level. Because of this, any signs of exhaustion should be opportunities to serve buying puts as the longer-term trend is still very negative. Above the $1230 level, call buyers could get aggressive.
Nikkei225
The Nikkei 225 broke down on Thursday, but faces quite a bit of support near the ¥19,000 level, and as a result we could get a bit of a bounce. There is significant support at the ¥18,750 level as well, and we are in a longer-term uptrend. Because of this, it’s likely that there are call buyers underneath waiting to take advantage.
USD/CHF
The USD/CHF pair fell again on Thursday, testing the 1.0050 level. There is a significant amount of support all the way down to the 1.0000 handle, so it’s only a matter of time before the call buyers will jump back into the market if history has anything to say about it.