Binary Options Signals for May 19
Good morning fellow traders. Let’s consider the main binary options signals for today.
News to look out for:
Economic Calendar
Signal for the EURUSD pair
Analysis H 4:
- General trend: downward.
- Nearest strong levels:
- Resistance: 1.1215; 1.1280;
- Support: 1.1140.
- MACD: in the negative zone.
- RSI: decreasing, but in the oversold zone.
Recommendations: look for sell entry points on the M 5 – H 1 timeframes. However, given the oversold RSI, we can expect the beginning of an upward correction in the support area of 1.1140.
Trade only with binary options strategies, not with luck. This is not a casino, but a financial market
Signal for the GBPUSD pair
Analysis H 4:
General trend: upward.
Nearest strong levels:
Resistance: 1.4600; 1.4620; 1.4655;
Support: 1.4535.
- MACD: in the positive zone.
- RSI: increasing, but approaching the overbought level.
Recommendations : taking into account yesterday’s upward impulse, after which the level of 1.4535 was broken, today two equivalent scenarios are possible:
- rollback to the level of 1.4535 (or lower);
- Continued growth to 1.4655.
Given the market uncertainty, it is better to refrain from trading on this pair.
Signal for the USDJPY pair
Analysis H 4:
General trend: upward.
Nearest strong levels:
Resistance: 110.35; 111.20.
support: 109.70; 109.20.
MACD: in the positive zone.
RSI: rises and approaches the overbought level.
Recommendations: on the M5 – H 1 timeframes, look for buy entry points after the price correction to one of the support levels.
In order to consistently make money in the binary options market, it is important to plan each trading transaction and always cooperate only with reliable brokers. Success!
Tagged with: Binary Options Signals • Binary Options Signals • Binary Options Trading Signals
