• bitcoinBitcoin (BTC) $ 71,062.00
  • ethereumEthereum (ETH) $ 2,166.26
  • tetherTether (USDT) $ 0.999686
  • xrpXRP (XRP) $ 1.42
  • bnbBNB (BNB) $ 638.49
  • usd-coinUSDC (USDC) $ 0.999883
  • solanaSolana (SOL) $ 91.69
  • tronTRON (TRX) $ 0.311350
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03

FX option expiries for 7 January 10am New York cut

There are some large expiries on the board for the day but they may not have all too much impact on price action. Let’s take a look with the full list seen below.The first one is for EUR/USD at the 1.1725 level but the pair looks to be consolidating closer to 1.1700 after the overnight drop, which came after a bounce off the 100-day moving average on Monday. The key level is still seen at 1.1663 so that will provide a floor for price action ahead of the US jobs report while upside is more limited by the key hourly moving averages. The 100-hour moving average is at 1.1717 with the 200-hour moving average at 1.1747. So, that will help put a lid on things until we get key headlines to really break the shackles to start the year.Then, there is one for USD/CAD at the 1.3800 level. However, the expiries don’t tie to any technical significance so I would not attach much substance to the potential impact in drawing price action. The pair is very much still continuing a bounce since late December with eyes on the 200-day moving average at 1.3848 currently.For more information on how to use this data, you may refer to this post here.Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.

๐Ÿ”— Source

๐Ÿ’ก DMK Insight

With SOL at $137.70, traders should keep an eye on the upcoming expiries, especially the EUR/USD at 1.1725, as they could influence market sentiment. Consolidation in EUR/USD suggests a lack of volatility, but large expiries can act as magnets for price action. If SOL maintains its current level, it could attract attention from both retail and institutional traders looking for breakout opportunities. Watch for any shifts in volume or momentum indicators that might signal a breakout or reversal. Additionally, if EUR/USD breaks above or below 1.1725, it could create ripple effects across correlated assets, including SOL, as traders adjust their positions. Here’s the thing: while large expiries might not seem impactful at first glance, they can create unexpected volatility, especially if traders are caught off guard. Keep an eye on the daily chart for SOL; a close above $140 could trigger further buying interest, while a dip below $135 might lead to a reassessment of bullish positions.

๐Ÿ“ฎ Takeaway

Monitor SOL closely; a break above $140 could signal bullish momentum, while a drop below $135 may prompt selling pressure.

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