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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Wednesday 9th 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 publish important economic data at 2pm EST irrespective whether the US government is shutdown or not.


    EUR/USD: After trading steady for two consecutive days within a restricted horizontal channel, this pair slumped by over 40 pips overnight breaking beneath a key support level in the process. The US Dollar acquired fresh support after news was released disclosing that the next Chair of the US Federal Reserve will be Janet Yellen.

    The EUR/USD plunged during the early stages of today’s session to probe its lower Bollinger Band. After just undergoing a minor corrective rally in the last few hours to rectify a heavily oversold status, the pair is now heading downwards again. Sell the EUR/USD if price drops under 1.3505.


    USD/JPY: The US dollar strengthened against the Yen for the second consecutive day epitomized by this pair surging by almost 45 pips this morning. The imminent appointment of Janet Yellen is helping to boost the greenback despite her acknowledged dovish stance. Instead, investors are responding positively to her continuity appeal during these troubled times.

    The pair surged higher to break above a major resistance level before being firmly rebuffed. After correcting an overbought condition, the USD/JPY has recommenced climbing again in the last hour. Open a CALL binary option, structured on this pair, if price jumps above 97.75.


    GOLD TRADING: Investors dumped this precious metal during the night amid fresh US Dollar support arising from the imminent appointment of Janet Yellen as the next Fed Chair. The price of gold plummeted by over $10 per oz as soon as the commodity markets recommenced trading earlier this morning.

    After crashing beneath an important support level, bullion is now started to weaken further after just correcting an oversold status. Implement a PUT binary option using gold as its underlying asset following a clean break below $1,307.80 per oz.


    AUD/USD: Despite the US dollar strengthening against most other major currencies, the Australian dollar remained well-bid during the night exemplified by this pair climbing by over 35 pips. The Aussie is currently tracking its upper Bollinger Band although it is approaching an overbought status.

    Currency experts are now predicting that the AUD/USD could strengthen further so that it could eventually challenge its key level of 0.9600 in the imminent future. As such, buy this pair if price breaks above 0.9480 albeit after a minor corrective dip.


    SILVER: After rising steadily within a well-defined bullish channel since the start of this month, the price of this commodity underwent a corrective dip this morning. The price of silver has slumped by over 20 cents per oz since trading recommenced a few hours ago.

    After breaking below a key support level, commodity specialists are now predicting further silver weakness. As such, sell this metal following a decisive break below $21.90 per oz.

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

    A ‘CALL’ Binary Option was executed, based on Gold, with an opening price of 1,326.23 USD per oz. (9.28am EST) which posted a closing value of 1,327.72 USD per oz. at expiration (10.28am EST) finishing 'in-the-money'.

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