Read the first part of how signals work for binary option in European currencies. In the second, we increase profits on Asian foreign exchange assets.
The main currency pair of the Asian region in binary signal software. On average, it takes 14% of the daily turnover of the Forex market.
If you do not take into account the Eurozone, Japan's GDP is ranked 3rd after the US and China. The lack of natural resources makes the country dependent on their imports, especially oil – a fall or increase in its price causes a corresponding reaction in the yen.
Important news and statistics can be found in the economic calendar of all best options trading platform, but the really strong movements are caused by two factors:
It is considered difficult to analyze the yen, but the main patterns work only "slower" than other major currency pairs, plus a few features:
It occupies 6% of the daily turnover of the Forex market.
It is believed that the basis of the Australian economy is mining (gold, diamonds, uranium, mineral fertilizers, and coal) and therefore, the dependence on changes in world prices for these assets is great. But, over the past 5 years, the commodity sector has lost ground and more than 60% of GDP is occupied by the services sector, including exports.
Despite this, the raw material component continues to influence the exchange rate; most of the exact binary options strategy uses a regular synchronous movement of the price of the AUD/USD pair and gold.
The main news is the change in the reserve rate of Reserve Bank of Australia. At present, it amounts to 1.5%, which makes the country an attractive target for foreign investment, primarily in sectors not related to production.
Low rate does not allow you to earn on the strategy "Carry Trade." Most brokers have a pair of long and short positions, respectively, of +0.5/-0.5%, which lowers the profit.
In addition to AUD, we are following the news on the dollar, gold and quotes of the Shanghai Mercantile Exchange. There is little reaction to fundamental events in the dollar and pound.
The highest volumes and volatility of this pair (on average 70-80 during the day) are observed at the opening of the European session, namely the London session, and 3 hours of the American session when they overlap. Then there is a decline in live trading signals, and short-term spikes on strong news are possible in the Asian session.
It is best to focus on classic binary options trend strategies. As you can see from the picture, movements on EUR/USD are repeated, but more without sharp impulses, which is good for beginners. If you use multi-currency analysis or an automatic advisor other than the Euro, follow USD/CAD, AUD/CAD and USD/JPY.
Examples of best binary signal provider strategies:
It is one of the top three Asian major currency pairs with 9% of the market volume.
The agricultural sector accounts for more than 50% of New Zealand's production. There are also stocks of silver, own energy sources about 15% of the total demand, the rest is imported, which makes the exchange rate dependent on world prices. There is also a developed tourism sector, which makes an increasing contribution to GDP.
The need to analyze Forex related markets is often exaggerated in binary options guide. This is the wrong approach: calm, mostly trending, without frequent speculation, the movement is ideal for novice traders!
Macroeconomic data are rarely published, which simplifies analysis. But you need to trade, so large players can start speculating on smaller events, so we do not follow the media and official sites:
The main method of trading on NZD/USD is trend strategies with moderate risks. Despite the strong influence of fundamental factors, it is quite possible to work only on technical indicators during periods when there is no speculation.
Additional features of the pair:
In addition to the above, many analysts refer the main currency pairs to the Chinese Yuan, or rather to the USD / CHN pair, which is the "version" for trading outside the country. Almost all brokers have access to this asset, the rate of which almost coincides with the official rate and can be used to analyze the overall situation of how binary options signals on the Forex market, especially during the Asian session.