March 18th – Today's Trading Tips & Market Analysis

See Today's Binary Options Trading Opportunities Below – Watch The Video For Full Market Analysis

1 – Looking at the Wednesday session, the GBP/USD pair could be one of the best places to trade. After all, the market looks as if it’s going to continue going much lower given enough time. The area that we have broken just below, the 1.48 handle, was a massive support level. So because of this, we are looking for put buying opportunities on short-term rallies, as we see short-term resistive candles. On the other hand, if we break down to a fresh, new low, we are buyers of puts in anticipating a move down to the 1.45 level.

2 – Looking at the S&P 500, you can see that we pulled back a little bit during the session on Tuesday, but still looks like it’s going to go higher for longer-term. If we get above 2080, we would be buyers of calls at that point. We also recognize the 2040 level as supportive, and as a result would buy calls down there as well and signs of support.

3 – The EUR/USD pair broke higher during the course of the day on Tuesday, but struggled above the 1.06 handle. By doing so, it formed a pseudo-shooting star for the second day in a row, and this looks like a market that’s ready to come down to the 1.05 handle. With that being the case, we believe that eventually this market will break down below the 1.05 level, but it may take a bit of momentum building. If we can get below there though, we feel that the market then goes to the parity level. The Euro continues to struggle from European Union issues, as the deflationary headwinds continue to plague the EU.