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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Wednesday 11th 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: This pair continued to trade within a restricted sideways channel this morning for the second consecutive day. Calmer market conditions are helping the US Dollar stabilize after it weakened substantially following the release of a weak US labor report last Friday.

    The EUR/USD is presently oscillating about its middle Bollinger Band. Analysts are now favoring that the single currency will strengthen against the greenback today amid improving global economic conditions. Consequently, initiate a CALL binary option based on the EUR/USD if price surges above 1.3300.


    USD/JPY: The ultra-safe Yen crashed to a 7 week low against the greenback earlier during today’s session. The Japanese currency has weakened against a number of riskier currencies earlier this week following the publication of a spate of promising economic data from China indicating that the world’s second largest economy could be recovering.

    The pair initially surged higher to test its upper Bollinger Band. However, calmer investor sentiment has subsequently helped the Yen to stage an assertive rally in the last few hours causing the USD/JPY to plunge dramatically. If encouraging Syrian progress persists, then look to sell the pair following a sustained drop below 100.00.


    GOLD TRADING: After enduring significant losses on Tuesday, gold managed to stabilize this morning amid calmer market conditions. The price of this precious metal rose initially after the commodity markets reopened this morning to challenger its upper Bollinger band.

    After being decisively rejected by the level, gold crashed so that it is presently probing its lower band. As reduced Syrian tension should now favor riskier assets at the detriment of safe-havens, such as gold, consider activating a PUT binary option, using this commodity as its underlying asset, if price assertively drops beneath $1,359.80.


    GBP/USD: The British pound continued to establish a strong footing against the greenback this morning by extending its gains for the fourth consecutive day. The pair surged higher within the last few hours to record its highest values since mid-June.

    If the GBP/USD can now successfully break above key resistance levels, then its psychologically important 1.6000 level could even become a viable target. After retracting to correct an overbought status, the pair is now proceeding to move higher again. As such, buy the GBP/USD if price climbs above 1.5800.

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

    A ‘PUT’ Binary Option was executed, based on Gold, with an opening price of 1,370.10 USD (7.08 am EST) which posted a closing value of 1,367.50 USD at expiration (8.08 am EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on the AUD/USD, with an opening price of 0.93106 (13.23 EST) which posted a closing value of 0.93111 at expiration (14.23 EST) finishing 'in-the-money'.

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