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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Octoday 3rd October !!!

    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 release important economic data at 8.30am EST.


    EUR/USD: The euro acquired fresh support this morning after the European Central Bank (ECB) kept its interest rates unchanged and provided no insights that it was currently evaluating the viability of instigating any new stimulus measures. The US Dollar remained under pressure as the US government shutdown entered its third day.

    The EUR/USD surged higher this morning before it was decisively rejected by an important resistance level. However, after rebounding against its middle Bollinger Band within the last few hours, the pair is now climbing higher again. As such, buy the EUR/USD if price breaks above 1.3640.


    USD/JPY: Although the US Dollar slumped to an eight month low against a basketful of other major currencies, it did manage to rally against the Yen during the night. However, this was because Japanese traders were busy exchanging their national currency for euros.

    The USD/JPY succeeded in reversing two consecutive days of losses by climbing almost 40 pips this morning. However, after rebounding assertively against its upper Bollinger Band, the pair is currently heading downwards. With greenback pressure expected to increase as today progresses, open a PUT binary option using the USD/JPY as its underlying asset following a clean break below 97.40.


    GOLD TRADING: After performing an assertive rally on Wednesday, this precious metal began to slump lower overnight. The price of gold plunged by just over $11 per oz as soon as the commodity markets recommenced business a few hours ago.

    At present, bullion is still slipping lower by toying with its lower Bollinger Band. Commodity specialists are now anticipating that gold will extend its losses further during today’s session. Consequently, execute a PUT binary option, constructed on this metal, if a clean break beneath $1.299.80 can be accomplished.


    AUD/USD: Prominent analysts commented during the night that they still expect this pair to benefit during the short-term from the present plight of the struggling US Dollar. As such, they added that the downside should remain capped. The Aussie acquired further support after data was released overnight revealing that the Australian service index had improved during September by posting a reading of 47.1 surpassing market expectations of 39.0.

    Although the AUD/USD traded sideways this morning within a well-defined horizontal range, currency specialists are advising that this is just a consolidation phase before the pair commences climbing again. Consequently, buy the AUD/USD if price breaks above 0.9420.

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

    A ‘CALL’ Binary Option was executed, based on the EUR/USD, with an opening price of 1.35608 (8.30 am EST) which posted a closing value of 1.35880 at expiration (9.30am EST) finishing 'in-the-money'.

    A ‘CALL’ Binary Option was executed, based on the GBP/USD, with an opening price of 1.62305 (8.16am EST) which posted a closing value of 1.62432 at expiration (9.16am EST) finishing 'in-the-money'.

  3. #3
    Veteran Member hchandra's Avatar
    Hi, it seems U/J is good trade and successful,
    E/U seems triggered to at top just few pips, will you trade the E/U?

    Gold and A/U seems not triggered.

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