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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Monday 3rd September !!!

    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 USA is scheduled to publish important economic data at 10.00 am EST.


    EUR/USD: This US dollar continued to strengthen against the single currency overnight for the second consecutive day epitomized by the EUR/USD sliding by nearly 50 pips this morning. The greenback is gaining support from increasing expectations that the Fed will commence tapering its influential asset purchasing program this month.

    The pair broke decisively below a major support level this morning as it fell to record its lowest levels in over one month. After undergoing a corrective rally, the EUR/USD is now weakening again. As such, open a PUT binary option using this pair as its underlying asset if price plunges below 1.3150.


    USD/JPY: The Yen weakened against the US Dollar during the earlier part of today’s trading session demonstrated by the pair surging to highs not seen in over 4 weeks. After probing its upper Bollinger Band, the USD/JPY subsequently retracted after being emphatically rebuffed by that level before instigating a sharp rally in the last hour.

    Currency specialists are now forecasting further greenback strength today as they are advising that it is no longer a question about if the Fed will commence reining in its current stimulus policies. Instead, the central issues are now how much and how fast. Consequently, buy the USD/JPY following a sustained break above 99.90.


    GOLD TRADING: The posting of encouraging global economic data on Monday and overnight helped investors increase their risk appetite propelling the US Dollar higher against the majority of other major currencies. However, this fresh greenback strength exerted new pressure on gold causing the price of this precious metal to slump for the second consecutive day.

    After dropping earlier this morning, bullion was then assertively rejected by its lower Bollinger Band so that it rallied to currently test its middle Band. If this level holds, consider selling this commodity following a clean break beneath $1,390.80 per ounce.


    AUD/USD: The Aussie Dollar extended its gains against the greenback overnight for the second successive day exemplified by the AUD/USD surging higher by nearly 50 pips this morning. The AUD acquire an assertive boost after the central bank of Australian announced overnight that it was maintaining its benchmark interest rate at the historically low level of 2.5%.

    Subsequently, the AUD/USD surged higher to break positively above a key resistance levels. As this pair is now expected to strengthen further today, execute a CALL binary option if price succeeds in breaking above 0.9060.

  2. #2
    Specialist Member TAllen1429's Avatar
    Last Friday's Results

    No Tips provided yesterday because of USA national holiday.

    A ‘PUT’ Binary Option was executed, based on the EUR/USD, with an opening price of 1.32098 (10.02am EST) which posted a closing value of 1.32017 at expiration (11.02am EST) finishing 'in-the-money'.

  3. #3
    Solid Member
    I love to Trade with Gold all the time. So I used to follow your trading strategy daily. Here you described GOLD current position/market value clearly. so I think I am gonna make some profits today. You are really great and your analysis are.

  4. #4
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by crimson69 View Post
    I love to Trade with Gold all the time. So I used to follow your trading strategy daily. Here you described GOLD current position/market value clearly. so I think I am gonna make some profits today. You are really great and your analysis are.
    Thank you for your encouraging comment. Always good for morale.

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