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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Monday 28th 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.


    EUR/USD: The US Dollar remained under pressure against the euro this morning amid increasing prospects that the Fed will refrain this week from initiating any measures to start reducing its current stimulus policies. The greenback continues to hover near yearly lows against a basketful of major currencies.

    Although this pair slipped lower during the early part of today’s session, it has since rallied to break decisively above its middle Bollinger Band. With prospects growing that the US Dollar will weaken further today, activate a CALL binary option using the EUR/USD as its underlying asset if price can surge above 1.3835.


    USD/JPY: This pair extended its gains for the second successive day by climbing almost 15 pips this morning. The greenback rose against the Yen overnight so that the USD/JPY is presently tracking its upper Bollinger Band higher.

    Although the future prospects for this pair will almost certainly be determined by the Fed’s policy decisions later this week, the greenback is still expected to extend its gains against the Japanese currency today. Consequently, consider buying this pair following an assertively break above 97.90.


    GOLD TRADING: This precious metal stabilized overnight after acquiring extensive gains last week. Gold is currently receiving support because most investors do not expect the US Federal Reserve to announce any new policy decisions at the end of its two day conference commencing tomorrow.

    As bullion normally strengthens whenever global central banks either introduce or extend monetary easing, it is still predicted to climb higher again today. As such, execute a new CALL binary option, structured on gold, if price can sustain a clean break above $1,355.20 per oz.


    AUD/USD: This Aussie succeeded in stemming three days of consecutive losses by rising just over 20 pips this morning. The pair surged upwards so that it challenged its upper Bollinger Band during the last few hours by recapturing its psychologically important 0.9600 level in the process.

    Although the pair was rebuffed by that level and underwent a corrective dip, it is now turned higher again in the last hour. Analysts are now forecasting further AUD strength although they anticipate that directional movements will be limited ahead of the Fed policy decision on Wednesday. Consider buying the AUD/USD if a break above 0.9640 can now be achieved.


    SILVER: Similar to the highly correlated gold, this metal also consolidated the gains that it acquired last Friday by trading sideways this morning within a confined horizontal channel. Silver rose during the earlier part of today’s session before being rejected by its upper Bollinger Band.

    This commodity subsequently bounced against its middle Band so that it is now heading higher. As silver should benefit today from a stressed US dollar, buy this metal if price can jump above $22.80 per oz.

  2. #2
    Specialist Member TAllen1429's Avatar
    Last Thursday's Results

    I was away last Friday so no tips were produced.

    Here are last Thursday's Results:

    A ‘CALL’ Binary Option was executed, based on Gold, with an opening price of 1,342.205 USD per oz. (9.25am EST) which posted a closing value of 1,343.351 USD per oz. at expiration (10.25 am EST) finishing 'in-the-money'.

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