Successful Trades: USD/CAD & EUR/USD - 30 March 2015

USD/CAD

According to Christopher Lewis’s analysis of the USD/CAD, “That being the case, we also broke the top of the hammer from the previous session, and as a result the market looks as if it’s ready to continue the consolidation that we had seen recently. After all, this is a classic technical analysis set up, as we broke the top of a hammer and the bottom of the consolidation area. With that being the case, I think that the market then heads to the 1.28 level next, which of course is the top of the rectangle that we have been trading in”. That creates an investment opportunity on the instruments: “High”, “Touch Up” and “No Touch Down”.

I logged in the OptionFair™ binary options trading platform and I traded $1200 on the "High" instrument. This kind of option has a return of 71% if the option will close above the target price, which means that if the signal is correct I could get a return of $852 on my investment.

The target price for USD/CAD at the buying time (09:53) was 1.26315 for the expiration of 10:00. The Asset closed on 1.26332 and I made $852.

EUR/USD

According to Christopher Lewis’s analysis of the EUR/USD, “Remember, the ECB will have to keep a fairly loose monetary policy going forward, it’s probably only a matter of time before those liquidity measures push the value of the Euro down even farther”. That creates an investment opportunity on the instruments: “Low”, “Touch Down” and “No Touch Up”.

I logged in the OptionFair™ binary options trading platform and I traded $1200 on the "Touch Down" instrument. This kind of option has a return of 75% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $900 on my investment.

The price for EUR/USD at the buying time (10:06) was 1.08391 and the target price was 1.08271 for the expiration of 10:45. The asset touched my target price at 10:12 and I made $900.