Technical Analysis, Dec 19, 2014

Our senior data analyst Eric suggests that in respect of technical level, the USD index slows down the pace of going up any further and is under continuous observation whether it would reach to 89.50. The area between 89.50 to 89.00 is fluctuated , if it falls below 89.00 then check if it would be bearish in the aftermarket.

Eric notes that the whole picture of non-USD and precious metal is not pretty. So we should be more careful to take every single step.

Here are some binary option trading advice in current market-available days.

Gold

Resistance:1203  1215

Support:1192  2185

Choose Call somewhere between 1195 to 1190, and set the target from 1210 to 1215. If it rises above 1185 then maybe it will still be bearish ahead of 1190.

Trading view for Gold:

Silver

Resistance: 16.20  16.60

Support: 15.60  15.30

The area between 15.60 to 16.20, it appears to be bearish but rather in a low-profile.

Trading view for Silver:

EUR/USD

Resistance: 1.2380  1.2480

Support: 1.2325  1.2300

It’s not a good idea to choose Put at 1.2280. Look at the USD index, if it drops below 89.00 then choose Call.

Trading view for EUR:

USD/JPY

Resistance: 119.00  119.50

Support: 118.00  117.00

As the trading view shows , it’s a bit unstable at 119.00. On the whole, everything coming off as bearish first then bullish afterwards. Let’s set the target between 118.00 to 117.50.

Trading view for JPY

GBP/USD

Resistance: 1.5680  1.5750

Support: 1.5530  1.5600

Choose Call between 1.5550 to 1.5630 once it get consolidated. Let’s set the target from 1.5680 to 1.5750.

Trading view for GBP

 

[Tips]

All the information mentioned above is for reference only. The FX team will keep an eye on the market and set up the trading strategies specifically. If you are looking for more real-time signal-providing services and investment  instructions, please pay more attention to us.