Technically, the USD index will be facing a continuous falling after 88.00. The only thing we need to know today is to focus on the declination of it. Let’s set the target between 87.00 and 86.50 if it is over the boundary of 77.60. The gold could have the possibility to rise up, or maybe not. Our senior data analyst Eric suggests us to be more careful with decisions today , since the Federal Reserve’s rate decision is about to be released.
Here are some binary option trading advice in current market-available days.
Gold
Resistance:1203 1220
Support:1194 2190
Look at the area between 1190-1203, it has the potential to rise up any minute . And it is conspicuous that it comes off as a up-slanting movement between 1195-1190. It goes downward from 1120 to 1240 , which is obvious to see.
Silver
Resistance:16.30 17.00
Support:15.60 15.30
In the short run you can choose Call option at 15.65, or maybe higher, 16.05. If it can’t be held at 15.50 then you’d better stop, wait until it consolidates it’s position.
EUR/ USD
Resistance:1.2550 1.2620
Support:1.2480 1.2435
Above the level of 1.2450 you can choose Call option. And 1.2475, 1.2550, 1.2620, for that matter.
USD/JPY
Resistance:118.00 118.50
Support:117.50 117.00
In the wake of a big slump yesterday, today the movements fluctuate between 117.50-115.50.
GBP/USD
Support:1.5700 1.5680
Choose Call somewhere around 1.5700 as it comes off a bearish sight. Let’s set the target between 1.5760 and 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.
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