To become successful in binary options trading, you should be able to predict what the price of the underlying asset (a stock, index, commodity or foreign currency) is going to do: will it go up or down? There are several ways to predict this. One of them is by studying the price chart of the underlying asset. This is called technical analysis analysis. With this real time price chart for binary options, you can easily perform technical analysis yourself.
Technical analysis for binary options
The binary options trader who trades based on technical analysis, looks at the real-time price chart and tries to find a pattern. For example, sometimes the price will never exceed a certain value (this is called a 'resistance level'); that is extremely valuable information if you want to buy a touch/no touch binary option. Or in other cases the price will take a downward trend; then you will know that a 'lower' option can bring you a good return on your investment.
To make the technical analysis of the price charts easier, you find below a chart for some of the most popular underlying assets (currencies, commodities and indices). Choose the financial product that you want to analyze, and choose the time frame. Then you can see if there are any patterns in the chart. You can easily draw lines in the chart to perform a more effective analysis. When you see a clear pattern, that might be a good reason to buy the right binary option.