Binary Options Trading Opportunities – 2/8/2016

Light economic calendar

During the day on Monday, we have almost nothing as far as economic calendar is concerned. In fact, we believe that this will be simply a technical day more than anything else, so we are looking for the following trades to occur.

Nasdaq 100 looking soft

The Nasdaq 100 looks very soft at the moment, but quite frankly there is a massive amount of support all the way down to the 4000 level. Because of this, the best trade is to simply wait to see whether or not we get a bounce. A supportive candle would also be reason enough to start buying calls. While the Nasdaq 100 looks very tempting to buy puts in at the moment, it’s very dangerous until we get below the 4000 handle.

USD/CHF bounces

The USD/CHF pair bounced off of the 0.99 level during the day on Friday, as we approach the parity level. If we can break above the 1.0000 level, we are call buyers as it would be a continuation of the overall uptrend.

Gold looks exhausted

Gold markets had a very volatile session on Friday, but currently look like they may be running out of momentum to the upside. At this point in time, we believe that the market will pull back, but we should see plenty of support below. We think the 1130 level will be where the call buyers reenter the market. At this point in time, we have no interest in buying puts, and less short-term opportunities present themselves.