Trades Placed by optionFair
USD/CAD
According to Colin Jessup’s analysis of the USD/CAD, the pair is strongly Bearish. A bearish market occurs due to declining prices, and it is sometimes associated with high trading volume. This behavior creates an investment opportunity in the instruments: “Low”, “Touch Down” and “No Touch".
With optionFair™ Binary Options Trading Platform, I traded $1,400 on the “Touch Down” instrument. This kind of option has a return of 71% if the option touches the strike price prior to the expiry. The market price for the USD/CAD at the buying time (12:49) was 0.99464 and the target price for 13:15 expiry was 0.99432. The pair touched the strike price at 12:53 and I won my position within 4 minutes giving me $994!
AUD/USD
According to Christopher Lewis’s analysis of the AUD/USD the pair is on its way down towards its support level at 106.00 after the failed attempt of breaking the 108.00 level. A support level is a price level where the price tends to find support as it is going down. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level. That’s creates an investment opportunity on the “Low” instrument.
I logged into the optionFair™ Binary Options Trading Platform at 11:53 and I traded $1,250 on the “Low” instrument for the expiration of 12:00 in a strike price of 1.06946. This kind of option has a return of 81% if the option expires below the strike price at expiry time, which means I’ll earn $1,012 on my investment.
The market price for the pair at the expiry time was 1.06886 so I won my position.
