GrowBinary - Market Analysis and News

[GrowBinary Support]

USD/CAD makes sharp bounce after rapid correction

USD/CAD pair is in persistent uptrend with still strong US Dollar and Canadian Dollar losing its ground due to plunge in oil prices.

Technically, our Ichimoku direction indicator points out to potential upside with 1.3170 support in sight. We expect a violent bounce for the higher top.

Even as we write this analysis pair made 30 pips.

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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[GrowBinary Support]

GrowBinary - Market Analysis and News - 27th Aug 2015
By GrowBinary Research & Analysis Team

EUR/USD is to complete AB=CD pattern

EUR/USD pair is heading lower in early London session down from 1.1360 resistance where 61.8% expansion in current correction is placed. This signal leads us to conclusion, that traders are pushing Euro lower towards 1.1250 where 100% expansion of AB will be reached creating CD equal to AB in AB=CD pattern.

We expect 2-3 hrs PUT option to be appropriate to profit from this move below 1.1300.

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[GrowBinary Support]

GrowBinary - Market Analysis and News - 28th Aug 2015
By GrowBinary Research & Analysis Team

EUR/CAD bouncing from support on month end flows

Today is the last Friday of the month and day before month end. We expect some appreciation of safe currencies versus commodity currencies on new fears about condition of the Chinese economy.

EUR/CAD currency pair is currently bouncing from support level 1.4800 where 61.8% Fibonacci retracement is present. Direction indicator points to downward direction with significant resistance level at 1.4930 next to 50% Fibonacci retracement.

Though we expect month end flows to drive EUR/CAD higher towards 1.5100, we suggest to wait with CALL options for confirmation in shape of 1.4930 break.

Below 1.4800 short term PUT options should be good way to profit from move towards 1.4700 and 1.4650


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[GrowBinary Support]

GrowBinary - Market Analysis and News - 31st Aug 2015
By GrowBinary Research & Analysis Team

USD/JPY is in buoyant tone after recovery in last week

USD/JPY currency pair is doing well after last week's sell off followed by great recovery. On a weekly chart we see great Pinbar which may be somehow confusing while intra-day time frames are suggesting further upward pressure.

We assume bullish movement today in the morning session as well as for the whole day. In such case we recommend CALL options with 1-3 hours expiry as well as end-of-day.

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[GrowBinary Support]

GrowBinary - Market Analysis and News - 01st Sept, 2015
By GrowBinary Research & Analysis Team

USD/CHF is heading higher beating recent peak.

Last week's peak has been conquered on USD/CHF currency pair and we recognize opportunity for further upward move towards 0.9800 resistance level.
For couple next hours as well as for next couple days CALL options should allow traders to profit from current rally.

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[GrowBinary Support]

GrowBinary - Market Analysis and News - 02nd Sept, 2015
By GrowBinary Research & Analysis Team

GBP/USD makes lower lows being pressured by smart money

Smart money traders are selling Cable to the nuts breaking supports one by one to trigger weak hands' stop orders and not allowing price to retrace for even single higher high. Inability to retrace significantly proves strength of bears and suggest us to use PUT options only in trading GBP/USD today.

Both end of day as well as 2-3 hours expiry PUT options should remain valid. Good resistance areas for today's trading are 1.5340 (still bearish) as well as 1.5400 (risk of reversal).

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[GrowBinary Support]

GrowBinary - Market Analysis and News - 02nd Sept, 2015
By GrowBinary Research & Analysis Team

USD/CHF to fade another rally with the day ending

The pair rallied today once again despite forming double top pattern. However, it is quite probable that the price will fade once more regardless weather it will break out or stay within wedge's range. We expect some downward pressure from profit taking as day is coming to an end. If breakout to the upside will come true it will create opportunity for CALL options - most probably tomorrow.

We see PUT options with end-of-day expiry as appropriate to benefit from upcoming correction.

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[GrowBinary Support]

GrowBinary - Market Analysis and News - 03rd Sept, 2015
By GrowBinary Research & Analysis Team

USD/JPY breaking bearish mood looking for another rally.

The pair has bounced back from the bottom at 119.50 rising above 120.00 and flipping our direction indicator to the up side. Currently we expect demand from area 120.30 - 119.90 to support price and induce rally towards 120.70 and possibly higher to 121.25.

We recommend 3-4 hours as well as end-of-day CALL options to benefit on this opportunity.


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[GrowBinary Support]

GrowBinary - Market Analysis and News - 04th Sept, 2015
By GrowBinary Research & Analysis Team

EUR/USD: traders await today's employment data (NFP)

The pair was pretty much flat during today's Asian session as traders await for upcoming BLS release which contains Non-Farm Payrolls as well as unemployment rate readings. It is one of the most important monthly published indicators for US economy, therefore we expect irregular volatility and low liquidity in case of US Dollar currencies. We expect labor indicators to come positive staying close to NFP average of 200k. Anything above 217k forecast will be very bullish at least at the very first moment.

Technically, we expect selling pressure to continue below downward Kumo cloud and today's Pivot Point at 1.1150 advising for this currency pair PUT options only.


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[GrowBinary Support]

GrowBinary - Market Analysis and News - 04th Sept, 2015
By GrowBinary Research & Analysis Team

AUD/USD breaks lower out of correction channel

The pair was recently in a correction in shape of a mild upward channel but yesterday it got broken by sellers just yesterday. We expect continuation move towards 0.6930/15 - Pivot S3 is usually our daily target.

We recommend PUT options below 0.6980 (Pivot S1) and 0.7000 (broken channel). Higher we have strong resistance - Pivot Point at 0.7020 - which is another opportunity for sellers to join the ride.


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.