Binary Options Trading Opportunities – 1/19/2016

Bank of Canada interest-rate decision

During the day on Wednesday, we get several announcements coming out around the world, including an interest-rate decision out of Ottawa. Because of this, we believe that it is only a matter time before volatility comes into the marketplace, and as a result we believe that there will be several trading opportunities.

USD/CAD showing signs of support at 1.44

The USD/CAD pair fell during the day on Tuesday, testing the 1.44 level for support. However, we bounced enough to form a nice-looking hammer and as a result it appears that we are going to continue to go higher. We are call buyers in general, and believe that the bank of Canada will do what it can to bring down the value of the Canadian dollar anyway.

EUR/GBP showing buying pressure

The EUR/GBP pair fell during the session on Tuesday, testing the 0.76 level just as we did on Monday. And again, just as we did on Monday we bounced enough to form a nice-looking hammer. The hammer of course is a bullish sign, and as a result we believe the call buyers are going to be getting involved in this market on moves higher, and pullbacks going forward. We are bullish of this market and believe that we should continue to see buyers going forward.

Silver rallies

Silver markets rallied during the session on Tuesday, but struggled at the $14.20 level yet again. With this, it looks as if we are still stuck in the same consolidation area that we’ve been in for some time. We believe that put buying opportunity should present themselves somewhere in this general vicinity on short-term charts, as we continue to consolidate going forward.