The binary US Dollar index shows signs of strength. Yesterday it has risen by 0.27 points or by 0.34% and this is a good news for the greenback. The currency pair USD/CHF broke to the upside after 2 weeks in a tight range. The binary traders managed to profit from the move using strike prices just at...
FOREX Analysis - Page 4 of 6 - Binary Option
Binary EUR/USD Finally Above Long Held 1.3170 But Could Risk A Double High Pattern
April 20, 2012
Binary options on EUR/USD stayed in the familiar range during the past three sessions as investors’ attitudes toward the components of the binary pair remain mixed to a degree. The common currency is weighed down by the growing concerns over the Eurozone’s debt crisis, accompanied with rising...
Binary Options on GBP/USD Will Likely Turn South
April 19, 2012
The binary GBP/USD rate is gaining ground based on the expectations that the Bank of England will not decrease the interest rates on the sterling. However, it seems like the enthusiasm of the binary currency market will be short-lived and a downside move will be triggered. When I was writing this article...
Binary GBP/USD Spiking After BOE Minutes, Upside Risk Approaches Medium-Term Barriers
April 18, 2012
Binary options on GBP/USD traded solidly higher yesterday as the Pound was seen firmer against its major rival in the wake of better than expected UK employment levels. The big move however that allowed Sterling to outperform came on a surprise change in BOE`s standing, according to the last MPC minutes...
Binary GBP/JPY Holds Ground
April 17, 2012
Binary option on GBP/JPY tries to hold ground. After 2 weeks of slide, the pair is struggling to find its way up. It seems like the binary call option buyers will prevail on the binary put option buyers today. The binary price is forming an engulfing pattern, which is a bullish sign. Only time will show...
Will Binary AUD/USD Break Upward?
April 12, 2012
The rise in the price of gold is the driving force for the Aussie to test higher levels. After two months of decline and small corrections, the binary pair bounced yesterday. The price is closed in a downside channel with resistance drawn through 1.0600 and 1.0525 and support drawn through 1.0500 and...
Binary USD/CAD Is Poised For An Upside Move
April 10, 2012
The binary USD/CAD is in a consolidation. The range is very tight. The binary price is closed in 120 pips for the last two months. The binary trader knows that the pair is not very volatile. However, the current price action is less than the average. It is highly possible that the resistance at 1.0020...
Binary EUR/USD Maintains Downside Threats After Showing Cracks
April 5, 2012
Binary EUR/USD traded solidly lower since opening weekly dealings as binary market sentiments toward the pair’s currencies were significantly at odds with the single currency worsened while the greenback kept rallying without a break point so far. Talking about the binary shared currency first,...
Binary AUD/USD Is Poised To Extend Its Losses
April 5, 2012
The correction of the binary markets has pushed the US Dollar Index upward. The greenback has appreciated and continues appreciating against the binary Australian dollar, the Aussie. It is influenced by the slipping gold price. The binary traders know that the Aussie depends on the price of the precious...
Tight Range In The Binary EUR/CHF Is Likely To Stand Still
April 3, 2012
The binary trader, when performing his research, could find binary currency pairs directly related to the binary stock markets. If markets fall, the pair falls too and vice versa. If such interconnection exists it should be traded using binary options with different expiry time. Such a pair is EUR/CHF....
The Binary GBP/JPY Speeds Up
April 2, 2012
Currency trading has always been attractive for the binary trader. He has the possibility to earn money, to make more and fast trades and to get fun from trading. The binary currency pairs offer opportunities for every kind of trader to realize his ideas, try his trading system and strategy and test...
Is The Binary EUR/USD Cooked To Break To The Upside?
March 30, 2012
Volatility continues being a la mode. All the markets are very unstable recently and are looking for a direction. It is the end of the first quarter today. It might be a very challenging day. The psychology of the market is giving this meaning to this day. All traders believe that the bad will be behind...