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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Wednesday 4th 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 8.30 am EST.


    EUR/USD: The US Dollar continued to strengthen against most of the major currencies overnight as it tracked a rise in the yields of US debt higher. The greenback extended its gains against the euro for the fifth consecutive day earlier this morning epitomized by the EUR/USD slumping to a six week low.

    However, after rebounding against its lower Bollinger Band, the pair has surged positively higher in the last couple of hours by breaking decisively above its middle Bollinger Band. As the single currency is now posed to extend its recovery further this morning, consider implementing a CALL binary option based on the EUR/USD following a sustained break above 1.3200.


    USD/JPY: This pair proceeded to stabilize during the night by range trading a constricted horizontal channel for the second successive trading day. As such, the Yen hardly budged against the US dollar as exemplified by the USD/JPY slipping just 1 pip this morning.

    The pair has just dropped beneath its middle Bollinger Band in the last couple of hours. If this level now remains intact, assess the viability of selling the USD/JPY if price can assertively plunge beneath 99.30.


    GOLD TRADING: The commodity markets came under pressure overnight as a result of increasing tensions in the Middle East. For example, the price of gold reversed the impressive bullish movement that it enjoyed on Tuesday by crashing lower.

    This precious metal slumped when the commodity markets reopened earlier this morning by immediately plummeting by over $10 per oz. This significant drop witnessed gold plunging decisively below its middle Bollinger Band so that it is presently testing its lower one. Consequently, initiate a PUT binary option if price can now drop below $1,400.80.


    GBP/USD: Sterling received a substantial boost earlier this morning when the UK published economic data disclosing that its service PMI for August beat analysts’ expectations by posting 60.5 compared to the anticipated 59.0. This result also recorded a jump from the 60.2 posted in July.

    The GBP/USD subsequently surged to break above its psychologically important 1.5600 level by climbing just over 60 pips. Analysts are now forecasting further GBP strength, albeit after a retraction in order to correct heavily overbought conditions. As such, look to buy this pair following a sustained break above 1.5650.

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

    A ‘CALL’ Binary Option was executed, based on the AUD/USD, with an opening price of 0.90602 (9.56am EST) which posted a closing value of 0.90674 at expiration (10.56am EST) finishing 'in-the-money'.

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