Successful Trades: AUD/USD & GBP/USD - 27 April 2015

AUD/USD

According to Christopher Lewis’ analysis of the AUD/USD, “I think that the gold markets aren’t necessarily going to be doing the Australian dollar any favors either, and with that I believe that this pair continues to struggle. Ultimately, it is a “sell only” marketplace from what I can see. I just think that we are going to continue to consolidate in this general vicinity.” That creates an investment opportunity on the instruments: “Low”, “No Touch up” and “Touch Down”.

I logged in the OptionFair™ binary options trading platform and I traded $1200 on the "Low" instrument. This kind of option has a return of 69% so if the option will close below the target price, which means that if the signal is correct I could get a return of $828 on my investment.

The target price for AUD/USD at the buying time (09:41) was 0.78252 for the expiration of 09:50. The Asset closed on 0.78092 and I made $828.

GBP/USD

According to Christopher Lewis’ analysis of the GBP/USD, “The British pound seems to be a bit of an outlier at the moment, as it is doing very well against the US dollar. Truthfully, most currencies are not doing so well, but Britain seems to be on its own at the moment.” That creates an investment opportunity on the instruments: “High”, “No Touch Down” and “Touch Up”.

I logged in the OptionFair™ binary options trading platform and I traded $1200 on the "Touch up" instrument. This kind of option has a return of 70% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $840 on my investment.

The price for GBP/USD at the buying time (10:11) was 1.51571 and the target price was 1.51672 for the expiration of 10:45. The asset touched my target price at 11:13 and I made $840.