Analytics

Weekly binary options technical forecast December 16 - 20

Weekly binary options technical forecast December 16 - 20

USD/CHF is trading at the bottom of the sideways range, which used to hold the exchange rate since September 2019. The bearish action might be limited unless a breakout of the support at 0.9800


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Weekly binary options technical forecast December 9 - 13

Weekly binary options technical forecast December 9 - 13

The New Zealand dollar was surprisingly the strongest major currency versus the greenback this past week.


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Weekly binary options technical forecast December 2 - 6

Weekly binary options technical forecast December 2 - 6

Monday evening and bounced off the round-figure support of 1.1000. After peaking at 1.1025, the pair kept declining toward another local bottom of 1.0990.


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Weekly binary options technical forecast November 25 - 29

Weekly binary options technical forecast November 25 - 29

EUR/USD retraced back south from the resistance range, the oscillator reflected that movement immediately by crossing the overbought level from above.


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Weekly binary options technical forecast November 18 - 22

Weekly binary options technical forecast November 18 - 22

The technical sentiment was diverging with the price action as well. Besides weak momentum, the sequence of lower lows on the hourly price chart was followed by higher lows of MACD lines.


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Weekly binary options technical forecast November 11 - 15

Weekly binary options technical forecast November 11 - 15

The intraday trading was headed in one direction as binary options traders were buying only put options this past week. Both MACD lines did not appear above zero, remaining in the negative territory


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Weekly binary options technical forecast November 4 - 8

Weekly binary options technical forecast November 4 - 8

The uptrend accelerated after EUR/USD charted a long downside shadow on the hourly candle and MACD lines spread, going north. However, the bullish momentum exhausted when the pair peaked at 1.1176


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Weekly binary options technical forecast October 28 - November 1

Weekly binary options technical forecast October 28 - November 1

The single European currency had an attempt to continue the bullish action from the past trading week on early Monday. However, things changed completely right on the European open.


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Weekly binary options technical forecast October 21 - 25

Weekly binary options technical forecast October 21 - 25

Four active trading cycles were noticed on the hourly timeframe (see the chart below), each of them started with Stochastic RSI charting the bullish crossover and coming off the oversold territory.


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Weekly Binary Options Technical Forecast October 14 - 18

Weekly Binary Options Technical Forecast October 14 - 18

The hourly chart below is divided into two parts. The initial phase of the trading week came along with the dominance of put options for EUR/USD. The crucial resistance range is at 1.1048/64, while


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