Binary Options Signals for May 16
Good morning dear traders, today the main economic news comes out on the US currency. You can trade using the “news trading” strategy or using technical strategies.
Let’s analyze the signam for the EURUSD option
4 hour charts show the oversold market and predict an upward movement
1 hourly charts show the opposite picture, the market is moving down.
The general movement will go up. Therefore, within 3 hours you can sell the asset, and then start buying.
USD/JPY The dollar/yen currency pair is trading negatively. The moving averages are pointing downwards, indicating a further decline. Important levels restraining growth are located at 108.98 and 109.54. An important level restraining the decline is located at 108.47. From the resistance levels, we can consider the opening of binary options for a fall (put options), and from the support levels, we can consider the opening of binary options for an increase (call options).
GOLD Gold is trading positively. The moving averages are pointing upwards, indicating further growth. An important level restraining growth is located at around 1279. Important levels restraining the decline are located at 1270 and 1262. From the resistance levels, we can consider the opening of binary options for a fall (put options), and from the support levels, we can consider the opening of binary options for an increase (call options).
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