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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Monday 9rd 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.


    EUR/USD: The euro extended its gains against the US Dollar for the second consecutive trading day typified by the pair climbing 20 pips overnight. The greenback remains under pressure despite growing doubts that the Fed will begin scaling back its influential stimulus policies this month.

    The EUR/USD rose this morning so that it is presently challenging its upper Bollinger Band. With Fed considerations weighing on the US dollar, currency specialists are predicting that the euro will strengthen further today. As such, open a CALL binary option, based on the EUR/USD, if price jumps above 1.3215.


    USD/JPY: This pair spiked higher by over 90 pips as soon as the Forex market commenced business on Sunday evening. This bullish movement resulted in price decisively breaking above a key resistance level to probe its upper Bollinger Band.

    However, the USD/JPY then underwent a sharp retraction in the last couple of hours so that it has now pared most of its gains as fresh Fed uncertainties undermined the strength of the greenback. After just breaking assertively beneath its middle Bollinger Band, the pair now appears poised for further weakness. Consequently, sell the USD/JPY if price drops below 98.90.


    GOLD TRADING: After instigating a sharp rally following the publication of a disappointing US labor report last Friday, gold proceeded to consolidate its gain by trading a restricted sideways channel this morning.

    Commodity analysts are now forecasting that the price of this precious metal should extend its gains today by benefitting from a weakening US dollar. Consequently, activate a CALL binary option using gold as its underlying asset if price can surge above $1,389.20 per oz.


    AUD/USD: The Australian dollar rose sharply earlier during today’s session to record a three week high against the US dollar. The Aussie received a significant boost after its giant neighbor, China, published its export figure for August disclosing an impressive increase of 7.2% by easily beating market expectations.

    The pair climbed overnight to hit a major resistance. However, after being assertively rebuffed by that level, the pair then retracted in the last few hours to test its middle Bollinger Band. If this level can now hold, the Aussie is expected to strengthen further today. Consequently, buy the AUD/USD if price surges above 0.9240.

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

    A ‘PUT’ Binary Option was executed, based on the USD/JPY, with an opening price of 99.063 (8.30am EST) which posted a closing value of 98.822 at expiration (9.30am EST) finishing 'in-the-money'.

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