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 US Dollar remained steady overnight against a basketful of other major currencies epitomized by this pair trading a restricted range. However, the EUR/USD did plunge a few hours ago to test its lower Bollinger Band before undergoing an assertive bullish rally.

The pair surged higher so that it is currently testing its upper Bollinger Band. If price can now achieve a sustained break above 1.3340 then activate a CALL binary option based on this pair.


USD/JPY: This pair extended its losses for the fourth consecutive day by falling over 50 pips this morning. Increasing risk aversion, sparked by Fed concerns, is presently prompting investors to seek the sanctuary of the ultra-safe Yen causing the USD/JPY to slump overnight to record a 6 week low.

The pair decisively plummeted beneath a major support level to probe its lower Bollinger Band this morning. After rallying within the last couple of hours to correct an oversold status, The USD/JPY is now poised to head lower. Sell if price drops below 96.70.


GOLD TRADING: The precious metal continued to weaken this morning as it fell over $10 per ounce as soon as the commodity markets reopened a few hours ago. Subsequently, bullion crashed through a key support level to challenge its lower Bollinger band.

After rallying to correct a heavily oversold status, analysts are now expecting gold to suffer further weakness as today progresses. Consequently, consider selling this commodity if price can break beneath $1,272.80 per oz.


AUD/USD: The Aussie managed to stabilize overnight after suffering an extensive drop on Tuesday by crashing over 350 pips during the session. The Australian dollar is currently weakening against the greenback amid growing concerns about the health of the Chinese economy and following a new national interest rate cut.

The AUD/USD rose earlier today to challenge its upper Bollinger Band before being assertively rejected by that level. The pair has since retracted sharply by breaking beneath its middle Bollinger Band in the last couple of hours. With further weakness in the pipeline, consider opening a binary option structured on the AUD/USD if a clean break below 0.8850 can be attained.