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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Friday 20th 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 news that the Fed intends to prolong the life of its asset purchasing plan has definitely not been good for the US Dollar. Following a surprising announcement on Wednesday, the greenback crashed against most other currency pairs, including the euro.

    The EUR/USD managed to stabilize overnight by trading sideways in a constricted channel. However, after bouncing against its lower Bollinger band the pair has surged higher in the last hour. With further US Dollar weakness now on the table, buy this pair if price can achieve a clean break above 1.3570.


    USD/JPY: After this pair recorded impressive gains on Thursday, it has remained range-bound overnight with any further rallies capped by a strong resistance level located at 99.60. Fundamentally, although the US dollar is weakening because of Fed considerations the Yen is also weighed down by the massive stimulus measures recently instigated by the Bank of Japan (BoJ).

    After just breaking beneath its middle Bollinger Band, the USD/JPY now looks poised to drop lower as long as this level holds. As such, open a PUT binary option, based on this pair, if a sustained break below 99.10 can be accomplished.


    GOLD TRADING: Although the price of this precious metal underwent a retraction overnight after recording impressive gains in recent days, it still remains on course to register its best rally in over five weeks. The primary catalyst behind this bullish movement was the surprising Fed announcement this week. Gold normally benefits form the instigation and retention of global stimulus policies.

    Price slumped by over $13 per oz as soon as the commodity markets reopened for business this morning. With further weakness now a distinct possibility, activate a PUT binary option using gold as its underlying asset if price drops below $1,351.80 per oz.


    GBP/USD: This pair enjoyed a massive rally after the Fed decided not to introduce any tapering actions on Wednesday. However, further gains were subsequently capped by the publication of a disappointing retail sales figure by the UK yesterday.

    After dropping slightly lower on Thursday, the pair consolidated its position overnight by range-trading. However, with the Fed decision still exerting pressure on the greenback, consider buying the GBP/USD if price breaks above 1.6080.

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

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