Binary Options Trading Opportunities For January 29, 2016

With a plethora of mid-level announcements coming out during the course of the day, we could get quite a bit of volatility on Friday. However, we think that some longer-term chart gazing might be the way to go. Because of this, we will choose to continue to follow longer-term moves.

Gold looking for value hunters

Gold markets fell during the day on Thursday, but found a bit of support at the $1110 level, an area that was resistive recently. Because of this, it looks as if the call buyers are reentering the market and they will try to push the gold markets higher. At this point in time, we only buy calls.

USD/JPY looking to break out

With the Bank of Japan having a news conference today, we could get some type of news about stimulus being added in the Japanese market, and that of course will weaken the Japanese yen. A move above the 119 level is reason enough for us to start buying calls as we should then try to reach the 120 handle.

CAC rallies, then turns back around

The Parisian index rallied to the €4400 level during the day on Thursday, but found enough resistance in that area to turn the market back around and form a bit of a shooting star. The shooting star courses a very negative sign but the one thing that this candle does tell us is that there is a bit of a “line in the sand” at the €4400 handle. Simply put, above that level we are more than willing to start buying calls. A break down below the bottom of the range for the day could have put buyers enter the market, but quite frankly that will be a short-term only type of scenario.