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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Tuesday 23rd July !!!

    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.
    Trade just one Tip at a time


    EUR/USD: The greenback strengthened overnight against most major currencies exemplified by the EUR/USD slipping by almost 15 pips. Receding worries, that the US Federal Reserve will start curtailing its stimulus policies in the imminent future, are providing fresh support for the US dollar.

    The euro did climb this morning to initially probe its upper Bollinger Band before being firmly rejected by that level. The pair subsequently plunged to challenge its lower Bollinger Band before undergoing a mild rally. As the EUR/USD has now recommenced its downward course, open a PUT binary option based on this pair following a clean break under 1.3156.


    USD/JPY: The Yen pared most of the gains it acquired yesterday epitomized by the USD/JPY surging higher by over 60 pips this morning. The pair has risen to break above its upper Bollinger Band in the last few hours before retracting mildly to correct a heavily overbought status.

    Currency specialists are now predicting that the greenback should extend its gains against the Yen during the course of today. Consequently, buy the USD/JPY if price breaks decisively above 100.20.


    GOLD TRADING: The precious metal enjoyed its best trading day in almost one year by climbing almost 40 points during yesterday’s session. Bullion attempted to consolidate its gains overnight although it has slipped by almost $5 per oz.

    Gold has performed an extensive rally in recent weeks which has seen it climb over 150 points from a 3 year low recorded towards the end of June. However, with further weakness in the air, consider executing a PUT binary option based on this commodity if price drops below $1,325.80 per oz.


    AUD/USD: The Aussie succeeded in stemming two consecutive days of losses against the US Dollar exemplified by the AUD/USD slumping by over 20 pips during the night. After climbing initially during today’s session to test its upper Bollinger Band, the pair has subsequently crashed so that it is presently toying with its lower Band.

    With the Australian Dollar now looking vulnerable to further weakness against the greenback, consider selling this pair following a confirmed break beneath 0.9216.

  2. #2
    Specialist Member runneroption's Avatar
    Gold is the biggest surprise of all assets. It is changing dramatically its behaviour from totally bearish to totally bullish and now it is good call opportunity, indeed still to risky. AUD/USD on the other hand is too unpredictable for the moment, EUR/USD and GBP/USD are bullish but in a way too overbought territory and possible reverse is also in place.

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