Daily Analysis from FX77, Jan 9, 2015

FX:SPX500   S&P 500 Index
24 0 0
In the short term, the resistance for USD is at 92.50 and the support is at 92.00. Tonight’s big event---The US non-farm payroll is not released yet, so before we have clues of what to do, we might just wait until tonight. According to the ADP national employment report on Thursday, all the number are very inspiring but the number of applying for the unemployment insurance benefits from last week was larger than expected. It seems that the overall market is not very optimistic about the upcoming unveiled non-farm payroll, ‘cause so far the total expectation is only 240,000, which is smaller than the previous one.

Here are some binary option trading advice in current market-available days.

Resistance:1215 1230
Support:1205 1200
It’s bullish over the level of 1205. During today you can choose Call between 1210-1206, while the TP is set at 1216 and switched to somewhere around 1225-1230 once if breaches over 1216. Once again, pay more attention on tonight’s non-farm payroll.

Resistance:16.60 17.00
Support:16.30 16.00
Choose Call at 16.35, and set the target over 17.00 once it rises over 16.70.

Resistance:1.1820 1.1950
Support:1.1780 1.1750
It’s not a good idea to go rush here. In the short run you can buy in Call at somewhere near 1.1800. In the meantime, 1.1825 is a key position and the TP can be set between 1.1900 to 1.1980.

Resistance:120.00 120.50
Support:119.00 118.00
The TP here can be set between 119.00 to 118.20.

Resistance:1.5115 1.5250
Support:1.5050 1.5000
It’s bullish below the area 1.5050-1.5115. the TP can be set between 1.5200-1.5250.

All the information mentioned above is for reference only. The FX team will keep an eye on the market and set up the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please pay more attention to us.

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