Successful Trades: NZD/USD & EUR/USD - 17 June 2015
According to Christopher Lewis analysis of the NZD/USD, “I think that if we can break below the lows from last week, we will continue to grind our way down to the 0.68 level, which has some historical significance. I believe we go below there and hit the 0.65 level after that”. That creates an investment opportunity on the instrument: “High”, “No Touch Down”, and “Touch Up”.
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 72% so if the option will close below the target price, which means that if the signal is correct I could get a return of $864 on my investment.
The target price for NZD/USD at the buying time (13:02) was 0.69373 for the expiration of 13:10. The Asset closed at 0.69371 and I made $864.
According to Christopher Lewis analysis of the EUR/USD, “The very first one for my money is going to be the 1.15 level. If we can finally break above there I think this market can finally break out to a longer-term “buy-and-hold” type of mentality. I do not think that it’s going to happen right away, but perhaps the FOMC will give us something to perhaps build that momentum so that we can finally break out. In the meantime, I believe that we are playing a much tighter range”. 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 "No 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 the buying time (12:13) was 1.12663 and the target price to avoid was 1.12615 for the expiration of 12:30. The asset did not touch the target price, and I made $900.