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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 5th 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 pair plunged earlier during today’s session by dropping almost 40 pips to test both a key support and it lower Bollinger Band. However, after being emphatically rebuffed by both these levels, the euro has strengthened considerably against the US Dollar in the last couple of hours.

    The EUR/USD has surged higher by paring all of its earlier losses so that it is now toying with a major resistance zone. A clean break above this level will open the door to fresh gains and heights. Consequently, consider opening a CALL binary option, structured on this pair, if price jumps above 1.3240.


    USD/JPY: Encouraging remarks posted by the Bank of Japan overnight helped this pair to extend recent gains by climbing within its well-defined bullish channel. The US Dollar rose against the Yen this morning epitomized by the USD/JPY inching higher by an additional 15 pips.

    After challenging its upper Bollinger Band, the pair underwent a corrective dip. With signs now emerging of fresh greenback strength, buy the USD/JPY following an assertive break above 100.10.


    GOLD TRADING: The price of this precious metal succeeded in stemming the sizeable losses that it suffered on Wednesday by rallying this morning. Bullion has climbed by just over $4 per oz in the last couple of hours since the commodity markets reopened for business.

    Gold appreciated in value by tracking its upper Bollinger Band higher. Commodity specialists are now forecasting that bullion will extend its gains further today albeit after a minor retraction to correct overbought conditions. Consequently, activate a CALL binary option based on gold if price breaks above $1,396.60 per oz.


    GBP/USD: Although the pair slumped earlier today to probe its lower Bollinger Band, it has since undergone an impressive rally to consolidate its position above its psychologically important 1.5600 level. Sterling is requiring fresh support ahead of an influential policy decision to be announced by the Bank of England later today.

    The pair has just broken above its middle Bollinger Band in the last hour. If this level can now hold, then the British pound is expected to strengthen further against the greenback. As such, buy the GBP/USD if price can sustain a clean break above 1.5680.

  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 1.32007 (10.38am EST) which posted a closing value of 1.32112 at expiration (11.38am EST) finishing 'in-the-money'.

    A ‘PUT’ Binary Option was executed, based on Gold, with an opening price of 1,400.75 USD (8.18am EST) which posted a closing value of 1,393.78 USD at expiration (9.18am EST) finishing 'in-the-money'.

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