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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Thursday 10th 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 strengthened against the euro during the earlier part of today’s session amid US Congress hopes, supportive FOMC minutes and the publication of weaker-than-expected economic news from the Eurozone. Consequently, the pair initially plunged to test its lower Bollinger Band.

    However, after being firmly rejected by that level, the EUR/USD subsequently rallied strongly by paring all its losses. As the euro is now expected to extend its gains further today, consider executing a CALL binary option using this pair as its underlying asset if price climbs above 1.3545.


    USD/JPY: The Yen weakened against the US Dollar for the third consecutive day with this pair surging higher by over 50 pips this morning. The greenback is acquiring new support based on hopes of an early resolution to the Washington impasse and that stimulus tapering will commence later this year.

    The USD/JPY climbed strongly to break above a key resistance level bringing its psychologically important 98.00 handle into view. As such, buy this pair following an assertive break above 98.10.


    GOLD TRADING: Investors increased their risk appetite during the night causing this commodity to slump for the third successive trading day in a row. The price of this precious metal crashed by over $10 per oz immediately the commodity markets recommenced trading a number of hours ago.

    After breaking below an important support level, gold now appears poised to weaken further. As such, open a PUT binary option, structured on this metal, if price slumps under $1,294.80 per oz.


    AUD/USD: The recent Aussie bullish trend is presently enduring increasing pressure as this pair plummeted overnight to decisively drop below a key support. Growing expectations that a temporary solution for the Washington crisis could emerge today is boosting the strength of the US Dollar.

    Although the AUD/USD has undergone a significant rally within the last couple of hours to correct an oversold status, currency specialists are now expecting that it will experience further weakness during the course of today. Consequently, sell this pair following a sustained break beneath 0.9380.


    SILVER: This metal extended the losses that it sustained yesterday by sliding further overnight. The price of silver slumped by over 15 cents per oz since the commodity markets reopened for business this morning.

    After bouncing against a primary support level, this commodity has just undergone a corrective rally. However, as analysts are now forecasting that further weakness is in the pipeline, sell silver if its price drops under $21.50 per oz.

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

    Trading conditions were difficult on Wednesday.

    A ‘PUT’ Binary Option was executed, based on the EUR/USD, with an opening price of 1.35047(8.48am EST) which posted a closing value of 1.35102 at expiration (9.48am EST) finishing 'out-of-the-money'.

    A ‘PUT’ Binary Option was executed, based on the GOLD, with an opening price of 1,307.792 USD per oz (8.08am EST) which posted a closing value of 1,308.981 USD per oz at expiration (9.08am EST) finishing 'out-of-the-money'.

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