Daily Binary Option Trading Tips & Analysis - January 29, 2015

Video Length: 00:02:20

Below Are Today's Trading Opportunities – Watch the Market Analysis Video for full analysis

1 – The EUR/USD pair fell during the session on Wednesday, as the 1.14 level offered quite a bit of resistance. Because of this, the market should continue to fall from here and we are buyers of puts as the Euro is absolutely broken. The US dollar should continue to be the favored currency around the Forex markets, and we see nothing that should change this markets attitude anytime soon.

2 – The silver markets of course broke above the $18 level. This shows that the market continues to see plenty of support as the $17.50 level offered enough buying pressure to turn this market back around and form a nice-looking hammer on Tuesday, which Wednesday was simply an extension of that positive move. We are buyers of calls going forward as the market should head to the $20 level given enough time.

3 – The S&P500 (SPX) drifted lower during the course of the session on Wednesday, but it’s early in the day and we do have the possibility of the FOMC shocking the marketplace. Nonetheless though, we believe that this market will continue to consolidate overall as the 1980 level below is massively supportive, and the 2060 level above is resistive. Nonetheless, we believe that the market should continue to go higher over the longer term, and we like buying calls only in this market on supportive pullbacks.

4 – The DAX(GDAXI) went back and forth during the session on Wednesday, as we continue to hover just above the €10,600 level. We do believe that this market is positive, but ultimately we need to see an impulsive move to the upside, or a pullback that show signs of support. It is a massively positive market, so we are only buying calls.

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