Binary options signals for August 01

Good morning fellow binary options traders. Today we will look at signals for technical analysis using indicators. Trading according to the strategy makes it possible to obtain permanent results with the possibility of correcting them. We can improve our result and get the right signals only if we make a decision according to one algorithm.
Today is a new trading month, another week and another auspicious day that allows you to make money on the binary options market. 
Let’s move on to the news review. We check the economic calendar at the following time:

  • USA: 4:45 p.m.; 17:00.
  • UK: 11:30 a.m.

It is important to remember that news does not help us to determine the long-term trend. We can make money on the news, namely on price fluctuations that were caused by the news 
Let’s take a look at the trading signals for options that are scheduled for today. 

Signal for EURUSD binary option

Analysis H 4:
The general trend is increasing. 
The price is approaching the level of 1.1200 (resistance).

  • MACD: in the positive zone.
  • RSI: decreasing and in the overbought zone. 

Recommendations for M 5 – H 1: the upward momentum has dragged on, therefore, today we expect a corrective pullback. We sell when the price approaches the levels: 1.1200; 1.1285 and 1.1340. 
Binary options signals for August 01

 

 

GBPUSD Binary Option Signal

Analysis H 4:
The general trend is neutral. 
The price is approaching the level of 1.3200 (support).

  • MACD: in the positive zone.
  • RSI: decreasing. 

Recommendations for M 5 – H 1: the price continues to remain in the corridor. Therefore, we sell from the level of 1.3400; We buy from 1.3100. 
 Binary options signals for August 01

 

Signal for USDJPY binary option

Analysis H 4:
General trend: downward. 
The price is approaching the level of 102.00 (support).

  • MACD: in the negative zone.
  • RSI: decreasing. 

Recommendations for M 5 – H 1: an upward correction is expected in the near future. We are waiting for the price to approach the level of 104.00 and from its borders we enter the sale. 
Binary options signals for August 01
If you trade in a disciplined manner, comply with risk management and cooperate with a trusted broker, then you have nothing to worry about the result. 

Have a profitable month everyone! 


 

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