BACK

main menu

PROCESSING, PLEASE WAIT.
DO NOT CLOSE THIS WINDOW
Support Chat English
contact icon contact icon contact icon
Download APP

Library

back to all articles

Daily Binary Options Analysis for January 4, 2017

EUR/USD
The EUR/USD binary option broke its previous low at $1.0350 and created another historical 14-year bottom by reaching $1.0339 for one Euro. The price then bounced upwards increasing to a line, which we might start calling a bearish trend (yellow).

04012017-eurusd

Above we see the H1 chart of the EUR/USD Forex pair. The orange circle shows the new 14-years low of the binary option. See that after reaching the new low, the price bounced in bullish direction and reached the yellow line, which connects the previous two decreasing tops.

Currently, the EUR/USD demonstrates hesitation on the yellow line. It is important to mention that at the same time, the price action is also testing the red 50-period SMA, which is located behind the yellow line. For this reason, we believe that there is a big chance for the price to bounce downwards and to put its supports on another test.

The European Union announced a better than expected Consumer Price Index today at 1.1% on a 1.0% forecast and 0.6% previous release. Later in the day we expect a FOMC meeting in the US, which is likely to cause volatility to the all USD-related Forex pairs.

Crude Oil
After reaching a new 18-month high, the Crude Oil price did a very sharp drop through three of its supports on the way down. Just for couple hours the Oil reached again the bullish trend line it has been following during the last month.

04012017-brentoil

We approach the hourly chart of the Brent Crude Oil binary option to get a better picture about the Oil’s behavior. The two big bearish candles are the reason for the price return to the orange bullish trend line you see at the lower side of the chart. The two black arrows point to the moments when the price action tests the orange bullish trend line as a support.

Since the trend line is 8-times tested already, we have a sufficient reason to believe that the Oil is more likely to jump from the trend, rather than breaking it.

Ford Motor Co.
Today we will approach couple stocks from the automobile sector. The first one is Ford Motor Corporation, which was a relative gainer from the last trading session. The F binary option added $0.46 to its share price, which expanded the value of the security by 3.79%.

04012017-ford

The H4 chart of the Ford binary option shows us a yellow bullish trend, which got interrupted at the end of December 2016 (red circle). The followed price drop went through the blue 20 and the red 50-period Simple Moving Averages, as well as through the support at $12.50.

The yesterday’s increase came after the price action reached the pink 100-period Simple Moving Average as a support. The price bounced upwards and broke back above the $12.50 level as well as above the 20, and the 50-period SMAs. For this reason, we believe that the price action might create another return to the general orange bearish trend line you see on the chart.

General Motors Co.
The other automobile stock we will discuss is General Motors Company – another gainer from yesterday. The binary option of General Motors did not increase as much as Ford. The stock added $0.31 to its price, increasing by 0.89% in value.

04012017-generalmotors

The situation on the H4 chart of the GM binary option is similar to what happens to Ford. However, the events here develop outside the scope of the orange bearish trend.

Again, the price action breaks its yellow bullish trend and decreases. But this time, the stock meets the already broken orange bearish trend as a resistance, which is quite above the pink 100-period SMA. If the price bounces from this level, we might expect a further increase above the last big price top.

However, if the price goes below the orange bearish trend, then we will see a further interaction with the pink 100 SMA, which could then get broken afterwards.

D. D.
#1 rank Followers: 1217
Trader Win Amount: $369,200.00
M. R.
#2 rank Followers: 578
Trader Win Amount: $185,621.65
Z. L.
#3 rank Followers: 489
Trader Win Amount: $167,018.48
J. W.
#4 rank Followers: 250
Trader Win Amount: $144,920.40
S. H.
#5 rank Followers: 692
Trader Win Amount: $11,653.85

Binary options trading involves significant risk. We strongly advise that you read our Terms & Conditions. Although the risk when trading binary options is fixed for each individual trade, the trades are live and it is possible to lose an initial investment, particularly if a trader chooses to place his entire investment to a single live trade. It is highly recommended that traders choose a proper money management strategy which limits the total consecutive trades or total outstanding investment. Binary Uno is not operated from the UK and our services may not be used by UK residents.