Technical Analysis, Dec 15,2014

Technical Analysis, Dec 15,2014 

Technically, the USD index came to a dead end at 89.50 and then kept going down all the way, and it might stop falling any further at 87.00. Let’s pay extra attention at the supporting position 88.00. Besides the USD index’s falling below level 88.65, other assets like non-USD currency index and precious metals is bullish. Today the spotlight will be the multiple future direction of EUR and GBP after the get rid of the resistance.
Here are some binary option trading advice in current market-available days.

Gold
Resistance: 1225 1240
Support: 1215 1200
In the short run the gold will fluctuate unsteadily, you can consider choose Call regarding the level above 1200. The target is temporarily set at 1240 as soon as the movement going upward from 1215, then this is a signal to choose Call.

Silver
Resistance: 17.00 17.50
Support: 16.75 16.50
It’s bullish above 16.50, at 16.50 still is but not in 18.00 any longer or maybe somewhere between 17.50-18.00.

EUR/USD
Resistance:1.2480 1.2570
Support: 1.2430 1.2400
In this section we can buy in Call option for EUR as soon as the chance emerges between 1.2430-1.2400. Once the first-stage pressure 1.2380 is conquered, then there is Bullish waiting ahead.

USD/JPY
Resistance: 119.00 119.50
Support: 118.00 117.50
Choose Call below 119.50 since it’s bearish. The target lies in somewhere between 118.00-117.00.

GBP/ USD
Resistance:1.5750 1.5800
Support: 1.5700 1.5665

Above 1.5660 is bullish and still will be upward in the short term. The target is somewhere between 1.5750-1.5800.

[Tips]
All the information mentioned above is for reference only. The FX team will keep an eye on the market and set up the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please pay more attention to us.

http://www.fx77.com/?lang=en&lrx