Binary Options Trading Opportunities For February 24, 2016

With a very light economic calendar, and the most important announcement being the Crude Oil Inventories situation, at the end of the day it’s very likely that the markets will move in continuation of what had happened the previous 24 hours.

USD/JPY falls

It looks as if the USD/JPY pair is trying to continue going lower, that it should reach towards the 111 level. With that, it’s very likely that we will break below there and reach for the next major handle, the 110 area. With that, we are put buyers on short-term rallies, and of course breakdowns at this point in time.

Dow Jones 30 pulls back

The Dow Jones 30 fell a bit during the course of the session on Tuesday, but there is enough support just below that we feel it’s only matter of time. The call buyers get involved. A supportive candle were break above the recent high would be reason enough to start buying calls. We don’t have an interest in buying puts.

Gold markets rally

Gold markets rallied during the day on Tuesday, as we continue to see quite a bit of volatility. We believe that the market is simply trying to build up enough momentum to finally break out to the upside, and then perhaps trying to test the $1260 level again. Ultimately, all we can do is buy calls.