Binary options signals for 29/3 Good morning to all traders. Today the day is full of news, both in the economic calendar and global.
Market volatility gives us the opportunity to find a lot of signals for options trading, as well as work on different strategies for options.
Main news on the US dollar:
- CB Consumer Confidence Index (Mar)
The consumer confidence index measures the level of consumer confidence in economic activity. It is a leading indicator that predicts consumer spending, which is part of economic activity. High readings indicate higher consumer optimism.
Higher-than-expected readings are seen as a positive/bullish direction for the USD, while lower-than-expected readings indicate a negative/bearish market for the USD.
- Fed Chair Yellen’s remarks
Pivot points are the main target of price. Our forecast is to reach these points and determine the target for the price movement of a binary asset.
Signal for EURUSD option:
Classic pivot points: 1.1191 , 1.1195 , 1.1199
Signal for GBP /USD option:
Classic pivot points: 1.4201, 1.4210 , 1.4218
Signal for USD/JPY option :
Classic pivot points 113.65 113.73 113.79