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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Tuesday 29th 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: This pair extended its Monday’s losses by sliding almost 20 pips overnight. The US Dollar succeeded in rallying from a nine month low against a basketful of major currencies ahead of the Fed policy meeting that commences today.

    Analysts are assessing this present bearish movement as a corrective dip before the euro recommences its journey higher against the US Dollar. As such, they expect that the EUR/USD could drift lower today as part of this process after just breaking below an important support level. Sell this pair if a sustained break below 1.3740 can now be achieved.


    USD/JPY: The Japanese currency stabilized against the US Dollar this morning by trading sideways in a horizontal channel. Although this pair did weaken during the earlier part of today’s session, it has since pared all its losses by rallying strongly during the last few hours.

    After just surging decisively above its middle Bollinger Band, the USD/JPY now appears to poise to extend its gains further. Consequently, activate a CALL binary option, structured on this pair, if price can now break above 97.90.


    GOLD TRADING: This commodity reversed three days of consecutive gains by slumping lower during the night. After recording a five-week high on Monday, the price of this precious metal plummeted by just over $10 per oz as soon as the commodity markets reopened for business earlier this morning.

    Gold dropped to probe its lower Bollinger Band before undergoing a corrective rally to address an oversold status. With further weakness now in the pipeline, consider implementing a PUT binary option using this metal as its underlying asset if price plunges beneath $1,342.80 per oz.


    AUD/USD: This pair continued to extend its losses for the fifth successive trading day in a row by plunging over 75 pips during the night. The Australian dollar came under fresh pressure after the Governor of the Royal Bank of Australia, Glenn Stevens, warned that the AUD/USD could decline substantially in the imminent future as a direct result of a significant deterioration in Australian terms of trade.

    After just positively sustaining a clean break below a key support level, this pair now looks set to weaken further today. As such, sell the AUD/USD if price drops under 0.9470.


    Oil: The price of this commodity slipped lower this morning after it rose for three consecutive trading days to register a five day high on Monday. Oil came under pressure amid fears about its supply following a dramatic decline in Libyan oil exports overnight.

    Commodity specialists are now predicting that oil could weaken further today as the Libyan crisis continues to unfold. Consequently, consider selling oil if its price drops under $98 per barrel.

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

    A ‘CALL’ Binary Option was executed, based on Gold, with an opening price of 1,355.204 USD per oz. (10.34am EST) which posted a closing value of 1,356.761USD per oz. at expiration (11.34 am EST) finishing 'in-the-money'.

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