Results 1 to 4 of 4
  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 8th August !!!

    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
    USA is scheduled to publish important economic data at 8.30am EST.


    EUR/USD: The US Dollar continued to struggle against most other major currencies during the night amid increasing speculation that the US Federal Reserve could commence trimming its bond purchasing program as soon as next month. The euro strengthened against the greenback this morning exemplified by the EUR/USD climbing by almost 15 pips.

    The pair rose to test its upper Bollinger Band before being firmly rejected by that level. However, after undergoing a corrective dip, the EUR/USD is now heading higher again. Consider implementing a CALL binary option using this pair as its underlying asset if price can break above 1.3380.


    USD/JPY: This pair continued to decline during the night within its well-defined five-day old bearish channel. Fed speak about stimulus prospects is exerting constant pressurize on the US Dollar which resulted in the USD/JPY sliding by over 15 pips during the earlier part of today’s session.

    After the pair rallied initially to challenge its upper Bollinger Band, a severe rejection sent the USD/JPY plunging downwards to record new weekly lows. As such, look to sell this pair following a sustained break below 95.90.


    GOLD TRADING: Encouraging economic data published by China overnight provided a steadier tone for commodities and equities helping this precious metal to reverse two days of consecutive losses. Gold surged immediately by nearly $3 per ounce as soon as the commodity markets recommenced business earlier this morning.

    Bullion is presently toying with its upper Bollinger Band. With further strength predicted today, gold is expected to climb higher, albeit after a minor corrective dip. Open a CALL binary option constructed on Gold if price surges above $1,291.20 per ounce.


    AUD/USD: The Aussie received a welcoming boost this morning after its giant neighbor and main exporter, China, delivered a spate of better-than-expected economic indicators. This encouraging event immediately bolstered the demand for raw materials helping the heavily commodity-influenced Australian dollar to stage a recovery against the US Dollar.

    The Aussie surged by over 80 pips this morning before being rebuffed by its upper Bollinger Band. After just correcting an overbought status, the pair is now heading upwards again. As such, buy the AUD/USD following a clean break above 0.9115.

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

    A ‘CALL’ Binary Option was executed, based on the EUR/USD, with an opening price of 1.33405 (13.14 EST) which posted a closing value of 1.33380 at expiration (14.14 EST) finishing 'out-the-money'.

    A ‘PUT’ Binary Option was executed, based on the USD/JPY, with an opening price of 96.699 (9.28 am EST) which posted a closing value of 96.588 at expiration (10.28 am EST) finishing 'in-the-money'.

  3. #3
    Specialist Member LesterK's Avatar
    Thank you Terry for this coverage! The big surprise for me is the Gold bullish sentiment. I really didn’t expect to start so early this month, but now I think that this will reinforce bullish momentum also on higher time frames and eventually could lead to new trending market! On USD/JPY I think it hit a medium term bottom and the down trend is over for a while. I will look for call opportunities tomorrow on 30 minute time frame.

  4. #4
    Legendry Member milos's Avatar
    Quote Originally Posted by LesterK View Post
    Thank you Terry for this coverage! The big surprise for me is the Gold bullish sentiment. I really didn’t expect to start so early this month, but now I think that this will reinforce bullish momentum also on higher time frames and eventually could lead to new trending market! On USD/JPY I think it hit a medium term bottom and the down trend is over for a while. I will look for call opportunities tomorrow on 30 minute time frame.
    When the dollar becomes the weaker against the other currencies the price of gold,silver and crude oil rises. It is included other commodities.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3