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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 24th October !!!

    Recommendations:

    Use an expiry time of 1 hour plus.
    Risk no more than 2% of your account balance.
    Tips are tradable until 4.00pm EST today.
    The USA is scheduled to publish important economic data at 8.30am EST and 10.00am EST.


    EUR/USD: Despite the Eurozone releasing disappointing economic data this morning, the euro strengthened against the US Dollar by climbing nearly 25 pips during today’s session so far. The greenback continues to weaken amid growing speculation that the US Federal Reserve will retain its influential easy money policies in place until well into 2014.

    After surging above its important 1.3800 handle, the EUR/USD now appears poised to extend its gains further today. Consequently, open a CALL binary option using this pair as its underlying asset following a confirmed break above 1.3830.


    USD/JPY: The US Dollar stabilized against the Yen during the night by stemming two consecutive days of losses. The pair practically trended water by range-trading a restricted horizontal channel this morning.

    After surging higher initially during today’s session to probe its upper Bollinger Band, the USD/JPY was assertively rejected by that level. The pair subsequently plunged by breaking beneath its middle Bollinger Band within the last hour and is currently pointing downwards. As such, sell the USD/JPY if price plummets beneath 97.05.


    GOLD TRADING: The price of this precious metal has surged by just over $7 per oz since the commodity markets reopened a few hours ago. Despite gold sliding by almost 20% in value during 2013, it has recovered in recent weeks to record a four week high.

    Bullion is presently acquiring support from the increasing prospects that the Fed will now need to refrain from early stimulus tapering in order to counter the adverse impacts of the recent US government shutdown and a disappointing US labor report. Consequently, buy gold if its price jumps above $1,342.20 per oz.


    AUD/USD: This pair experienced a whipsaw action overnight which initially witnessed it soaring upwards to test its upper Bollinger Band following the publication of encouraging Chinese economic data. However, the AUD/USD was then firmly rebuffed by that level amid concerns about the introduction of stricter monetary easing controls by the Chinese Central Bank.

    The pair subsequently slumped by erasing nearly all of its earlier gains. However, currency analysts are now forecasting that as the US dollar is facing a broad-based weakness then the AUD/USD should recovery as today progresses. As such, buy this pair following a sustained break above 0.9680.


    SILVER: This metal surged initially during the night amid a weakening US Dollar. Silver appreciated in value by climbing to challenge its upper Bollinger band.

    However, this commodity then underwent a corrective dip during the last few hours in order to address an overbought status. With price now beginning to advance higher again, execute a CALL binary option, based on Silver, if price can assertively break above $22.95 per oz.

  2. #2
    Specialist Member TAllen1429's Avatar
    Yesterday's Results

    No tips were activated on Wednesday.

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