Technical Analysis from FX77, Dec 24, 2014

Our senior data analyst Eric indicates that from the perspective of technical analysis, the USD index will meet the rally after breaching below 89.70. Today we can consider choosing Call when it at its peaks and do the same thing at the support position of short-term option. As for gold, it’s a feasible choice to choose Call at 1175.

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

Gold

Resistance:1185  1190

Support:1175  1165

Choose Call between 1175-1170 and set the focus on 1185-1200. Once it jumps in between 1185-1190, where is bearish for short-term option, the target may also switch to somewhere near 1180.

Trading view for Gold

Silver:

Resistance:16.00  16.60

Support:15.50  15.20

In the short run it’s bullish near 15.60 while the target lies in somewhere near 16.00. if it met the resistance at 16.00 then choose Put .

Trading view for Silver:

 

EUR/USD

Resistance:1.2300  1.2380

Support:1.2220  1.2150

Look at 1.220 first, it might have a chance to breach the ceiling over its head. During today, we can choose Call above 1.2165.

Trading view for EUR:

 

USD/JPY

Resistance:120.80  121.30

Support:120.00  119.00

It’s unstable in the area 120.80-120.00, once it arrives at 120.80 then choose Put. In the short run, we can choose Call once it gets consolidated at 120.00. firstly, let’s lay our eyes upon 119.50-118.50.

Trading view for JPY:

GBP/USD

Resistance:1.5550  1.5650

Support:1.5500  1.5450

A powerful supportive momentum exists at 1.5500, where you can choose Call for short-term option, while the target is near 1.5550.

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 

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