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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Tuesday 8th 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.


    EUR/USD: The US dollar proceeded to stabilize against the euro for the second consecutive day by trading practically sideways this morning within a confined horizontal channel. The pair did slump lower during the earlier part of today’s session to test its lower Bollinger Band.

    However, after being firmly rebuffed by that level, the EUR/USD has subsequently rallied sharply in the last few hours. Currency specialists are now advising that the US dollar is vulnerable to further weakness amid the drama of the US government shutdown. As such, execute a CALL binary option, based on this pair, if price can surge above 1.3600.


    USD/JPY: The US Dollar strengthened against the Yen this morning exemplified by this pair reversing the losses it sustained yesterday by climbing just over 45 pips. The greenback acquired support after a glimmer of hope emerged during the night supporting a compromise to the Washington deadlock.

    The US Dollar rebounded after recording a new two year low against the Yen to break back above its psychologically important 97.00 level. However, with the USD/JPY now starting to descend lower again, consider selling this pair following a sustained break below 96.75.


    GOLD TRADING: This precious metal consolidated the gains that it captured on Monday by trading sideways since the commodity markets recommenced business a few hours ago. Gold is acquiring a fresh surge of support from a bout of Chinese buying following a national holiday. China ranks as the second largest consumer of bullion in the world after India.

    Commodity experts are now predicting that gold will extend its gains during this week amid strong Chinese support and a weakening US dollar. Consequently, activate a CALL binary option using this metal as its underlying asset if price climbs above $1326.20 per oz.


    AUD/USD: This pair rallied strongly during the night to break above a key resistance level. The Aussie surged to record a three week high by climbing over 50 pips during today’s session so far.

    The pair has broken above its upper Bollinger Band and is registering an overbought status at present. The Australian dollar is now expected to strengthen further against the greenback today albeit after a short-term corrective dip. Consequently, buy the AUD/USD following a sustained break above 0.9500.

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

    A ‘CALL’ Binary Option was executed, based on Gold, with an opening price of 1,317.22 USD per oz. (7.08am EST) which posted a closing value of 1,318.55 USD per oz. at expiration (8.08am EST) finishing 'in-the-money'.

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