Technical Analysis from FX77, Dec 23, 2014

Our senior data analyst Eric indicates that from the technical point of view, the USD index loses its momentum to going up, plus, the current price appears to be unreasonable and we need to make sure whether it would suddenly fall in the short run. Christmas is in this Friday, since the market is always not very busy on such occasion, there might not be some big changes. Let’s pay attention to the important data from the United States tonight. Since the direction ahead is not very clear, we must wait until the best opportunity to come. In regard to the precious metal and non-USD index, it’s easy to decide to choose Call in the short term, but not advisable to do the same action tomorrow or at weekends.

Here are some binary option trading advice in current market-available days.

Gold

Resistance:1181  1193

Support:1170  1165

In the short run it’s bullish. Same thing happen at 1175-1170 while the target prices at 1185-1200.

Trading view for Gold:

Silver:

Resistance:16.00  16.60

Support:15.50  15.20

Above the level of 15.50 it’s bearish. Just choose Call near 15.60 and set the target at somewhere 16.50, if it rises over 16.00 then the outlook is at 16.50.

Trading view for Silver：

EUR/USD

Resistance:1.2300  1.2380

Support:1.2220  1.2150

During today it’s feasible to choose short-term Call option at 1.2225 but must stop at 1.2200. If it rises over the level of 1.2260 the set the target at 1.2350.

Trading view for EUR

USD/JPY

Resistance:120.20  120.50

Support:119.80  119.00

It’s not advisable to choose Call during today. As the trading view shows below, it might have a chance to fall below the level of support position. Let’s set the target at 119.50-118.50.

Trading view for JPY

GBP/USD

Resistance:1.5680  1.5750

Support:1.5530  1.5600

Once the asset is consolidating and retakes 1.5600 it’s advisable to choose Call, while the target lie in somewhere between 1.5650-1.5700.

Trading view for GBP

[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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