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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Tuesday 30th 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 euro succeeded in stalling yesterday’s weakness against the US Dollar after the greenback had acquired fresh support before the start of the Fed’s two day conference later today. Investors sought to exploit the discounted price of the US dollar on Monday causing the EUR/USD to drop by almost 25 pips.

    The single currency managed to rally overnight against the greenback by climbing to test its upper Bollinger Band. Although the EUR/USD has retreated from that level in the last couple of hours, it is now heading upwards again. Consequently, buy this pair if price can surge above 1.3290.


    USD/JPY: The US Dollar rallied against the Yen during the earlier part of today’s session exemplified by this pair surging higher by over 40 pips. However, after breaking above a key resistance level and probing its upper Bollinger Band, the USD/JPY has subsequently plummeted lower in the last few hours.

    The pair has just broken decisively beneath its middle Bollinger Band and is still proceeding lower. With the US dollar now expected to weaken further, open a PUT binary option using the USD/JPY as its underlying asset following a sustained break below 97.65.


    GOLD TRADING: The precious metal extended the losses that it acquired on Monday by plunging nearly $8 per oz as soon as the commodity markets commenced trading earlier this morning. After challenging its lower Bollinger Band, bullion was subsequently firmly rejected.

    Gold has since undergone a corrective rally that now sees it probing its middle Bollinger Band. If this level holds, then the precious metal is expected to extend its losses today. As such, sell this commodity if price plummets beneath $1318.80 per oz.


    AUD/USD: The markets focused their attention on this currency pair overnight. The pair crashed by over 110 pips to record a 2 week low after the Governor of the Australian central bank informed the markets that inflation considerations would not prevent further cuts in the nations’ interest rates. He also advised that he now expected that the Aussie will weaken further against most other major currencies.

    Consequently, the pair collapsed this morning to test its lower Bollinger Band. Although a mild corrective rally is in progress presently, further Aussie weakness is expected during the course of today. As such, execute a PUT binary option if price slumps below 0.9040.

  2. #2
    Specialist Member TAllen1429's Avatar
    EUR/USD tip has just been activated.

    Direction: CALL at 8.49 am EST
    Opening Price: 1.32879
    Expiry Time: 1 hour
    Payout Ratio: 80%
    Wagered: 2% of equity

  3. #3
    Specialist Member LesterK's Avatar
    Hi Terry,

    The EUR/USD market looks mixed today. It is mixed during the whole day with turns in both upside and downside direction. It is still unclear while your call binary option will end in or out of the money. The situation with the British Pound looks more clean, but with a nice downside slope, but it could also change direction quickly and make an upside move, so it is not good time to enter puts there. Too oversold market! If we see some reaction it could be good time to enter calls indeed. Everything else: Gold, Crude Oil, Stock Indexes move sideways for now. It is visible that everybody is waiting the important news releases at the second half of this week. So it is better for us to wait them too

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