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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Friday 27th 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: Although the Eurozone posted mixed results for a spate of important economic indicators this morning, this pair still managed to trade above its 1.3500 handle. Business Sentiment and Industrial Confidence expanded during September although Consumer Confidence missed analysts’ expectations.

    The euro had initially strengthened against the greenback overnight by climbing to test its upper Bollinger Band. After retracting to appease an overbought status, the EUR/USD is now progressing upwards once more. As such, purchase this pair if price can jump above 1.3525.


    USD/JPY: The US Dollar came under pressure against the Yen during the night amid Washington and Fed concerns epitomized by the USD/JPY dropping by almost 40 pips. The pair tumbled during the early part of today’s session so that it commenced probing its lower Bollinger Band.

    Although the USD/JPY subsequently underwent a mild rally, it has begun to drop lower during the last hour. As such, execute a binary option using this pair as its underlying asset if price can plunge below 98.40.


    GOLD TRADING: This precious metal acquired support this morning as the US Dollar weakened against a basketful of other major currencies. Gold succeeded in stemming the losses it endured on Thursday by rallying by just over $4 per oz after the commodity markets recommenced business a few hours ago.

    The price of this commodity is currently toying with its upper Bollinger Band. As the greenback is now expected to extend its losses further today amid Fed and Washington uncertainties, consider opening a CALL binary option, structured on gold, if price breaks assertively above $1,327.20 per oz.


    GBP/USD: Sterling surged against the US Dollar earlier this morning by climbing over 80 pips to break above a key resistance level. The British pound acquired fresh support after Mark Carney, the Governor of the Bank of England, commented that a case for further monetary easing was diminishing as the UK economic recovery continues to gain increasing momentum.

    After soaring higher following these remarks, the GBP/USD has subsequently retracted to correct a heavily overbought condition. However, the pair has started to rebound higher in the last hour. As such, buy the GBP/USD following a decisive break above 1.6120.

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

    No Tips were activated yesterday.

    Such an outcome can sometimes happen because the tips are created at a particular time of the day. Events can occur later, such as the release of important economic data, which can substantially change the trading dynamics of the financial markets.

    However, the main point to note is that the tips are primarily design to restrict losses as a primary objective. They can only be executed if price can acquire enough energy and momentum to decisively break below or above their advised levels. As such, whenever this objective is achieved, price then normally has enough power to advance in the favored direction and record a win.

    Essentially, our tips are created by ensuring that they comply with the following famous trading motto, which states: ‘Look after your losses and your profits will take care of themselves’.

  3. #3
    Legendry Member milos's Avatar
    The pair EURUSD remains on the upside. The real challenge with it's resistance.

    Key levels
    1.39700 resistance
    1.37100 resistance
    1.35500 last

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