Binary Options Asset Insights - October 24, 2016
During the day on Monday, we get a handful of announcements that move the market back and forth but at the end of the day nothing overly major. We get the EU Services PMI numbers, and of course the German Manufacturing PMI numbers. Because of this, we are watching the following 3 assets:
DAX
During the day on Friday, we fell slightly and as a result it looks as if the market may attract call buyers on this pullback in order to take advantage of value and perhaps build up momentum as the 10,800 level above continues offer pretty significant resistance.
Gold
Gold markets initially tried pullback during the day on Friday but found enough support at the 1260 level to turn things around and form a bit of a supportive looking hammer candle. With this, if we can break above the top of the range from Thursday, it would show an increase in momentum, and probably attract call buyers at that point in time.
USD/CHF
The USD/CHF pair continued to show bullish pressure over the course of the session on Friday, and it now looks as if the call buyers are becoming more and more aggressive. A break above the top of the range for Friday is indeed very attractive looking for the bullish traders out there. Pullbacks could very well find call buyers below taken advantage of value.
Disclosure: None.
thanks for sharing
thanks for sharing