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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Tuesday 17th 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 8.30am EST.


    EUR/USD: This pair extended its gains for the second consecutive day exemplified by the EUR/USD climbing by over 55 pips during today’s session. The US Dollar continued to weaken amid expectations that the Fed will commence trimming back its stimulus policies at the end of its conference meeting tomorrow.

    The pair surged above a key resistance level before undergoing a mild retraction to correct an overbought status. With the EUR/USD starting to climb again in the last hour, consider activating a CALL binary option, using this pair as its underlying asset, following a sustained break above 1.3400


    USD/JPY: This pair consolidated during the earlier part of today’s session by trading horizontally within a restricted channel. The US Dollar did initially strengthen against the Yen causing the USD/JPY to climb higher and test a major resistance level.

    However, the greenback then weakened substantially amid intense Fed speculation so that the USD/JPY has just broken beneath its middle Bollinger Band. With further US Dollar weakness in the air, sell this pair if price slumps below 98.85.


    GOLD TRADING: The price of this precious metal continued to range-trade for the third consecutive days by hovering just above a five-week low. Investors remained hesitant to identify a preferred directional bias for gold as they have adopted a very cautious tone ahead of the looming FOMC meeting.

    Price has managed to inch higher in recent hours to break above its middle Bollinger Band. If this level can now remain intact, then evaluate the viability of opening a CALL binary option, based on gold, following a decisive break above $1,321.20.


    AUD/USD: Although the Australian Dollar slipped initially against the greenback during the night, it has subsequently regained its bullish posture typified by the AUD/USD surging higher by over 50 pips. The US dollar remains under pressure ahead of the FOMC meeting, which is scheduled to commence later today.

    The pair has climbed sharply in the last couple of hours to challenge its upper Bollinger Band. As currency specialists are now predicting that the greenback will extend its losses further today, buy the AUD/USD following a clean break above 0.9370.

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

    No Tips were activated yesterday. Gold did peak slightly above its entry level for a very brief period. However, I missed it which is just as well as it would have produced a loss.

  3. #3
    Legendry Member milos's Avatar
    EURUSD

    Currency pair EURUSD trades recorded during the previous peak at 1.33680 and subsequently consolidated at 1.33500. The pair was likely to find support at 1.33300 and resistance at 1.33850.

    Investors are still cautious as today begins two-day meeting of the Fed. It will be discussed on the future monetary policy in the United States.

    Gold

    Anticipation of a decision on a possible reduction of monetary stimulation by the Fed is the market quite nervous. If there is a decrease in bond buying program gold price will fall further.

    The price of gold is in the phase of excessive sales. It is possible further fall in prices. The price of gold fell to $1306 an ounce and daily support is $1305 an ounce. The gold is under pressure.

  4. #4
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by milos View Post
    EURUSD

    Currency pair EURUSD trades recorded during the previous peak at 1.33680 and subsequently consolidated at 1.33500. The pair was likely to find support at 1.33300 and resistance at 1.33850.

    Investors are still cautious as today begins two-day meeting of the Fed. It will be discussed on the future monetary policy in the United States.

    Gold

    Anticipation of a decision on a possible reduction of monetary stimulation by the Fed is the market quite nervous. If there is a decrease in bond buying program gold price will fall further.

    The price of gold is in the phase of excessive sales. It is possible further fall in prices. The price of gold fell to $1306 an ounce and daily support is $1305 an ounce. The gold is under pressure.
    Thanks Milos, Always appreciate your detailed analysis.

  5. #5
    Active Member rockettrader's Avatar
    Gold price is ready for dramatic rise. It will wait for the FOMC meeting latter this week but after that nothing will stop this commodity from rising straight up!

  6. #6
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by rockettrader View Post
    Gold price is ready for dramatic rise. It will wait for the FOMC meeting latter this week but after that nothing will stop this commodity from rising straight up!
    Very interesting prediction. I will monitor it closely.

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