Binary Options Asset Insights - July 25, 2016

We get the German Business Climate numbers coming out on Monday, but beyond that there isn’t much to move the markets as far as economic announcements are concerned. This is a market session that could be fairly straightforward, but at this point in time we are looking at the following 3 assets with great interest:

Gold

Gold markets have been fairly choppy over the last couple of sessions, but there is still a significant amount of support and buying pressure underneath. The $1300 level was previously a massive resistance barrier that should now find quite a bit of support. One would have to believe that call buyers are below and looking to take advantage of pullbacks.

Chart 1

DAX

The DAX continues to bounce around back and forth, and a move above the €10,200 level should embolden call buyers. Also, the pullbacks from time to time will more than likely attract quite a bit of call buying as well. In fact, the very explosive rebound after the British voting to leave the European Union sank this market tells most call buyers that there are plenty of reasons to believe that the market will continue to be bullish.

Chart 2

Swiss franc

The USD/CHF pair has tried to rally during the last several sessions, but turned right back around to form a shooting stars and negative looking candles. With this, it looks as if the put buyers will continue to be embolden in this market.

Chart 3

Disclosure: None.

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