Option for today is a series of analyses for binary options in cooperation with the BDSwiss broker. Every day we present the best options PUT or CALL for selected financial instrument with its current technical analysis.
As a result of last week’s declines, USDCAD currency pair reached and – after a short consolidation – brokethe crucial support coinciding precisely with 38.2% of the Fibonacci correction from the previous uptrend and reached the next support that coincided with a 50% Fibonacci correction.
We can note that if there is any upward correction in the near term and the market after re-test would reject the lower limit of previous consolidation that is currently in the area of 38.2% Fibonacci, we would expect further declines. If the re-test fails and market will beat minima from Friday we could expect continuation of falls. In short term, therefore, it is worth considering PUT option on this instrument.
BDSwiss, offers 71% return on options. If you win, the greater will be the percentage of your earnings from invested stake. If you lose, regardless of the size of the defeat, you will never lose more than you bet. You can also choose other expiration hours for options, both shorter and longer.
