Daily Binary Option Trading Tips & Analysis - February 3, 2015

Video Length: 00:03:21

Below Are Today's Trading Opportunities – Watch the Market Analysis Video for full analysis

1 – The EUR/USD pair tried to rally during the course of the day on Monday and, but as you can see the 1.14 level continues to offer resistance. Because of this, the market should continue to offer put buying opportunity several times going forward as this area has been so reliable for selling pressure. In fact, the 1.15 level is essentially will we considered to be the “ceiling” of the market, so we are looking for put buying opportunities on short-term charts. Resistance should continue to offer trading opportunities.

2 – The S&P 500 fell but found support at the 1980 level again. With that being the case, the market looks as if it is more than likely going to bounce back towards the 2060 handle, but we do not have the proper supportive candle in order to serve buying calls. Regardless, we don’t really have any interest in buying puts at this point in time.

3 – The FTSE tried to rally during the course of the day on Monday, but found the 6800 level be far too resistive for the markets overcome, and then turned back around to form a shooting star. The shooting star suggests that the market is going to continue dropping, perhaps down to the 6600 level which should be the next massive support level. With that being the case, we believe the best way to trade this market is to let it drop a bit from here, but then look for supportive candles below in order to serve buying calls.