Market Analysis January 22nd – Discover Today’s Binary Options Trading Tips

Today's Trading Tips From The Market Analysis Video – For Full Analysis Watch The Video

1 – The silver markets broke out during the course of the session on Wednesday, clearing the $18 level. However, it should be noted that we did pullback rather drastically in the middle of the day so it looks like it’s going to be a bit of a fight to continue climbing. Nonetheless though, we believe that the upside is the correct direction to trade this market and therefore we are only buying calls on supportive candles.

2 – The EUR/USD pair tried to rally, but failed as the sellers came back into the market and took back about half of the gains. With that being said, the market looks as if you can still buy puts every time it rallies as the Euro continues to be so soft in general. The US dollar remains the strongest currency out there right now, so it makes sense that we continue to see this action.

3 – The FTSE broke out during the course of the session on Wednesday, clearing the 6650 level finally. Because of this, we believe that this market is going to the 6750 level, in the short-term pullbacks are call buying opportunities. With this, we believe that the FTSE will eventually break out above the 6750 level as well, but might take a little bit of time to get above there.

4 – The USD/CAD pair broke much higher during the course of the session as the Bank of Canada cut interest rates to the 0.75 level. Because of this, the Canadian dollar has been solved all day and we believe that the USD/CAD pair continues to go much higher, probably heading to the 1.25 level given enough time and therefore we are call buyers.