Daily Market AnalysisThe Daily Market Analysis that was posted for October 14, 2015 (by 7am) and is made available to all clients that have purchased the Gold, Silver, Platinum or Diamond package is below.  As you can see, the daily market analysis was on target as the Magenta Peaks did come in.  We use this daily market analysis to identify potential binary options trades and spreads in the binary signal room.

The Daily Market Analysis analyzes what will likely happen in the markets for that particular day.  The analysis is based on the ADX indicator, Trend Average Trend Range indicator, and Directional Volume indicator.  We identify binary options trades and spreads based on this analysis when price reaches a support or resistance area with volume divergence.  We only take low risk entries that allow us to capture higher profits when possible.

The Daily Market Analysis is posted the day after for everyone to review.

Abbreviations: CD = Congestion Dot; ATR = Average True Range Stop; MP = ADX Magenta Peak; RB = Reversal Bar; WB = Wide Bar

Daily Market AnalysisEURJPY

  • 1440
    • Caught in resistance area (136.30 to 136.60)
  • 720
    • RB up but caught in the resistance area.
  • 180
    • Just retested ATR at 136.62 on increasing buying volume.
  • 45
    • Diverging sellers and would expect test for buyers. ATR is below price.

Analysis:

No Setups unless the 180 is flipped to upside or the 45 minute ATR goes red.


 

Daily Market AnalysisEURUSD

  • 1440
    • Moving above all resistance
  • 720
    • Moving up and ADX at 75.92 (Overbought)
  • 180
    • Moving Up with ADX at 58.
  • 45
    • MP coming in to push price down to 1.1387.

Analysis:

Could trade short spread if available 7am-3pm for really cheap. Price will need to flip ATR on 45 minute and then retest it for MP on 720 to come in. We do have market reports today so it may move quicker than normal.


Daily Market AnalysisGBPJPY:

  • 1440
    • Seems to have found some support around 183. Moving up.
  • 720
    • Flipped ATR and going back to retest ATR at 184.97 (I think this will move up to around 184.50)
  • 180
    • Currently flipping ATR on way up to 184.50 area.
  • 45
    • Moving up with volume divergence potentially on buyers side.

Analysis:

Perhaps a cheap binary spread to upside and then potentially back down if it reaches ATR on 720 minute chart.


Daily Market AnalysisUSDJPY

  • 1440
    • Moving down thru support areas.
  • 720
    • Flipping ATR
  • 180
    • Moving down but ADX is at 70.66 (oversold)
  • 45
    • Moving down

Analysis:

Shorts only at this point. I think price may get to 119.20 but then may reverse due to ADX on 180 being Oversold. Not a good binary or spread area right now.


 

Daily Market AnalysisCrude:

  • 1440
    • Retracing back to ATR at 45.19
  • 720
    • Retracing to CD at 45.43
  • 180
    • Down
  • 45
    • Congestion Zone with ATR at 47 and CD at 46.23

Analysis:

I would anticipate price going at least to CD at 45.43 (shorts only).


 

Daily Market AnalysisGold

  • 1440
    • Forming RB to downside at resistance area.
  • 720
    • Doji on last bar could turn into a RB to downside. If it clears the 1163.7, the next area that would support is 1144.8.
  • 180
    • RB to downside and MP pushing bar to 1159.8.
  • 45
    • Flipped ATR with wide bar down. At a daily support area and pivot line. Will probably go up to ATR at 1176.3 at moment.

Analysis:

Although we may get an initial retracement to ATR on 45, more downward push than upward push so wait.


 

Daily Market AnalysisNQ

  • 1440
    • RB to Downside off Resistance area
  • 720
    • RB to downside off Resistance area but testing for support
  • 180
    • Congestion Zone with ATR at 4366 and CD at 4327.5.
  • 45
    • Caught between 4340 and 4325.

Analysis:

Could go up to ATR on 180 but would need to flip ATR on 45 minute to do so; otherwise shorts only.


 

Daily Market AnalysisYM

  • 1440
    • RB down
  • 720
    • RB with MP.
  • 180
    • Congestion Zone with ATR at 17046 and CD at 16889
  • 45
    • Congestion Zone with ATR at 16992 and CD at 16920.

Analysis:

Shorts off ATR on 45 or 180