USD/CAD
According to Christopher Lewis’s analysis of the USD/CAD,” Even if we fell below the recent low from Wednesday, I still think there’s plenty of support all the way down to the 1.06 level, and as far as I’m concerned any supportive candle between here and there is a potential buying opportunity. However, I would be a bit surprised if the closest support level mentioned above actually fails. Because of that, I am “buy only”.” That creates an investment opportunity on the instruments: “High”, “Touch” and “No Touch down”.
I logged in the OptionFair™ binary options trading platform and I traded $1600 on the "High" instrument. This kind of option has a return of 81% if the option will close above the target price, which means that if the signal is correct I could get a return of $1296 on my investment.
The market price for USD/CAD at the buying time (12:13) was 1.11149 for the expiration of 12:25. The Asset closed on 1.11196 and I made $1296.
GBP/USD
Following Christopher Lewis’s analysis of the GBP/USD “The British pound continues to be relatively strong anyway, and as a result I don’t want to sell it”, an investment opportunity on the following instruments is created: “High”, “Touch” and “No Touch down”.
With OptionFair™ binary options trading platform, I traded $1700 on the “Touch” instrument. This kind of option has a return of 72% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1224 on my investment.
The market price for the GBP/USD at the buying time (12:54) was 1.66538 and the target price was 1.66576 for the expiration of 13:15. The Asset touched my target price at 12:58 and I made $1224.
