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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Wednesday 30th 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 US Fed will announce its policy decisions at 2.00pm EST.


    EUR/USD: The single currency rallied this morning against the US Dollar to reverse a two day slide epitomized by this pair climbing by almost 15 pips. Increasing expectations that the Fed will hold steady later today is beginning to exert renewed pressure on the greenback.

    The EUR/USD has risen during the last few hours so that it is currently tracking its upper Bollinger Band higher. After just retracting to correct an overbought status, the pair is now heading upwards again. As such, implement a CALL binary option using the EUR/USD as its underlying asset if price can surge above 1.3780.


    USD/JPY: The Yen continued to weaken against the US Dollar for the fourth consecutive day with the pair creeping higher by just over 10 pips. Investors are continuing to dump the ultra-safe Japanese currency amid speculation that the Fed will inject easy money into the financial markets for an extended period.

    Although the USD/JPY was rebuffed by its upper Bollinger Band in the last few hours, it has subsequently rebounded against its middle band and is now heading back upwards. Consequently, buy this pair following a decisive break above 98.45.


    GOLD TRADING: This precious metal strengthened in value this morning by climbing just over $7 per oz since the commodity markets reopened a few hours ago. Gold continues to benefit from a weakening US dollar which has seen it rally by almost 8% since hitting a three month low during the middle of this month.

    After just assertively breaking above a key resistance level, bullion now appears poised to climb higher. As such, activate a CALL binary option based on this metal if price leaps above $1,355.20.


    AUD/USD: After plummeting continuously for just over a week, the Australian Dollar reversed 6 successive days of declines by rallying strongly against the US dollar during the night. With the Fed scheduled to deliver its policy verdict at 2.00pm EST, investors opted to dump the greenback as they increased their risk appetite.

    The pair jumped by just over 30 pips this morning so that it is currently toying with its upper Bollinger Band. With further US Dollar weakness now in the pipeline, buy the AUD/USD following a clean break above 0.9540.


    Silver: This metal appreciated in value this morning as it acquired fresh support amid a weakening US dollar. The price of silver soared by nearly 25 cents per oz just after the commodity markets reopened for business earlier during today’s session.

    This commodity surged higher to challenge its upper Bollinger Band before being firmly rejected by that level. After undergoing a corrective rally to address an overbought status, silver is now rising again in value. Consequently, buy this metal if price can break assertively above $23.00 per oz.

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

    A ‘CALL’ Binary Option was executed, based on USD/JPY, with an opening price of 97.907 (10.46am EST) which posted a closing value of 98.185 USD at expiration (98.185am EST) finishing 'in-the-money'.

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