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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Friday 11th October !!!


    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: Despite growing speculations that a temporary solution to the Washington crisis could soon be forthcoming, the US Dollar weakened overnight against the euro. The pair surged higher by over 50 pips breaking above a key support level in the process.

    The EUR/USD is now expected to climb higher to test its next important resistance zone located just above 1.3600. However, a brief corrective dip should occur before the next push upwards in order to address an overbought status. Consequently, implement a CALL binary option, structured on this pair, if price can decisively break above 1.3590.

    USD/JPY: A pending US Budget compromise caused the safe-haven appeal of the Yen to diminish overnight. As such, this pair extended its gains for the fourth consecutive day with the USD/JPY creeping upwards by almost 10 pips.

    The pair is currently toying with its middle Bollinger Band by tracking this level higher. With currency specialists forecasting additional Yen weakness today, buy the USD/JPY if a sustained break above 98.75 can be accomplished.

    GOLD TRADING: Investors continued to dump gold during the night as their confidence grew that a resolution to the Washington crisis is now in the pipeline. Consequently, bullion plunged for the third successive day in a row epitomized by the price of gold crashing by almost $15 per oz when the commodity markets recommenced business this morning.

    This precious metal is currently probing its lower Bollinger Band with a pronounced oversold status. As gold is now anticipated to experience further weakness during the day, sell this commodity if price slumps under $1,281.80 per oz.

    AUD/USD: Key economic indicators were published by Australia this morning disclosing a mixed scene within its labor market. However, despite the new uncertainties generated by these results, this pair still climbed higher by over 20 pips this morning.

    Prominent analysts are now advising that the AUD/USD still has upward potential because of the improving global economic recovery. The pair is presently challenging a major resistance. If a confirmed break above this level can now be achieved, activate a CALL binary option using the AUD/USD as its underlying asset if prices surges above 0.9500.

    SILVER: This commodity tracked the movements of gold closely by plunging beneath a key support level overnight. The price of silver slumped by almost 40 cents per oz. immediately the commodity markets reopened for trading a few hours ago. Similar to gold, this metal is also suffering at the hands of a strengthening US dollar.

    Silver is currently testing its lower Bollinger Band after just undergoing a minor rally to correct a heavily oversold status. As this metal is now expected to extend its losses today, sell silver following a clean break below $21.25 per oz.

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

    A ‘CALL’ Binary Option was executed, based on USD/JPY, with an opening price of 98.103 (9.05am EST) which posted a closing value of 98.114 USD at expiration (10.05am EST) finishing just 'in-the-money'.

  3. #3
    Veteran Member Ammeo's Avatar
    Now should buy gold, QE is not bad tighten macro data uncertainty about the debt ceiling, the price of gold will go to 1375...

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