GrowBinary - Market Analysis and News

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GrowBinary Support

 

EUR/CAD posing to move higher today.

EUR/CAD is heading higher supported by sharp trend line and upbeat price action. We suppose that price will manage to test recent high at 1.4600 today but first it needs to break 1.4575 resistance level. What we see now is an ascending triangle that is emerging and it is nearly completed.

An aggressive strategy would assume CALL option right above trend line.

Cautious stance would require confirmation which would be a resistance 1.4575 breakout.

Remember to give an option enough time so the price could make the move - usually for Price Action it would be 2-3 candles.

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.

 

EUR/AUD on its way up while risk aversion increases

EUR/AUD currency pair moves higher in today's trading amid speculations over Chinese slowdown. Chinese stock exchange made another slump during Asia session.

Pair seems to break downward trend line (correction) and to resume previous trend.

Aggressive CALL option would take place immediately for next 2-3 hours or till the rest of the day.

Cautious CALL option would take place right after resistance 1.5100 is broken.

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.

 

EUR/CAD heading lower after more offers comes to play

EUR/CAD currency pair is heading lower after sharp reaction to offers sitting around resistance at 1.4440. Price have broken an ascending trendline before yesterday and went into sharp decline yesterday. We predict that bears will prevail also today draging price lower - maybe to next major support area around 1.4300/30.

We think that PUT option between 1.4400 and 1.4440 with end-of-day expiry will be appropriate to benefit from current sentiment.

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.

 

FOMC minutes to be affirmative for bulls on Dollar/Yen

Later today at GMT 7:00 p.m. FOMC minutes will be released and traders will look for confirmation that Fed's monetary policy is heading to near time rate hike. Though Chinese economy seems to have difficulties we expect FOMC minutes to turn affirmative and to support USD against major currencies.

1/ We think that this event might be an opportunity for traders who are looking for further rise on USD/JPY within an ascending channel above 124.50 - CALL option.

2/ However, violent break south below 124.00 should be perfect opportunity for very short term PUT options until price will hit 123.00 demand area.

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.

 

GBP/USD: is this really an upward breakout?

Cable seems to broke out of a triangle shaped range where price was locked for about 10 days below 1.5660/70 resistance level. This event should spur plenty of demand that is accumulating in the big ascending channel.

Yesterday's FOMC minutes turned out to be dovish for US Dollar and in the meanwhile Pound became a 'first-to-hike' currency, at least for some economists.

Currently, we see opportunities for 'end-of-day' or next day expiry CALL options as GBP/USD price targets 1.5775/90 with possible extension to 1.5900.

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.

 

EUR/USD gone high and extended with resistance ahead.

EUR/USD pair hits major mid-term resistance today being pretty extended as a great NY-London overlap is at its peak and today's range equals 113 pips already. We have spotted false breakout with long week to the topside that may be signal of upcoming long-squeeze as London session is going to be over in 67 minutes.

We expect that 3-4 hours PUT option is appropriate to profit from price fading today's gains once London session is over. 1.1190 - 1.1205 seem perfect for strike.

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.

 

USD/CHF numerous short term opportunities today.

We expect a numer short term opportunities on USD/CHF today as the pair from both sides reacts to the global sell off on equity markets. Asian, American and European stocks are deep in red territory and chances that Fed will hike rates anytime soon are getting lower each and every day. Moreover, risks tied with equities sell off are threatening to become a stock market crash which can cause economic slowdown or even stagnation globally. That fact induces demand for Swiss Franc.

Adding supply on USD and demand for CHF, we look for numerous downward opportunities on USD/CHF currency pair today and probably in upcoming days.

Each time 15 minutes chart will penetrate downward Ichimoku Kumo cloud or 21/34 EMA channel it will be interesting signal for PUT options. Expiry depends on your horizon - the longer option gives you higher probability of success - preferably 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.

 

EUR/CAD makes new highs since June last year.

Today sentiment on the market is highly averted from risk supporting euro against USD and commodity currencies as AUD and CAD. As week comes to an end today we expect further flow towards safety provided by the common currency which will support EUR/CAD - the pair is in specific spot at 12 months record high forcing sellers to either hold losers or unwind them adding to bid side.

We suppose that CALL option expiring at 10:00 p.m. is still a good pick here as pair should climb higher approaching trading halt.

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.

 

EUR/USD on the run to 1.1500

Amid stock markets implosion investors are liquidating massive risky trades adding to heavy 'risk off' sentiment. Commodity currencies and USD continue to fall against safe havens like JPY, CHF and EUR.

We expect further euro appreciation towards $1.15 what means another upward move of 50+ pips from today's open. Bulls should be dominating all way down to 1.1375 where we see a short term support for bullish positioning.

All levels above 1.1375 should be fine for end-of-day CALL options while very short term traders should be careful watching out on a small correction that may last for around 2-4 hours during the 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.

 

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.

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.

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