Successful Trades: USD/JPY & AUD/USD - 8 June 2015
According to Christopher Lewis' analysis of the USD/JPY, “I believe that we go higher over the course of several years, and that 130 is just the next target. I believe that 128 will offer a little bit of resistance, because it seems all but assured at this point in time that we will break through their given enough time”. 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 74% if the option will close above the target price, which means that if the signal is correct I could get a return of $888 on my investment.
The target price for USD/JPY at the buying time (10:47) was 125.217 for the expiration of 11:00. The Asset closed on 125.220 and I made $888.
According to Adam Lemon’s analysis of the AUD/USD, “It is one of the most strongly trending currency pairs right now, but the AUD is not as weak as the JPY or the NZD as can be seen this morning with the pair showing more bullish resilience”. 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 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 AUD/USD at the buying time (14:06) was 0.76366 and the target price to avoid was 0.76338 for the expiration of 14:30. The asset did not touched my target price and I made $840.