AUD/USD
Based on Christopher Lewis's analysis of AUD/USD, “With that in mind, I think that we will hit parity sooner or later”. That creates an investment opportunity in the following positions: “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 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 $1190 on my investment.
The market price for the AUD/USD at the buying time (11:00) was 0.95009 and the target price was 0.95038 for the expiration of 11:30. The Asset touched my target price at 11:19 and I made $1190.
USD/CAD
Following Christopher Lewis’s analysis of the USD/CAD “I believe that the market will more than likely grind sideways with a slightly upward bias, and then eventually explode to the upside”, an investment opportunity on the following instruments is created: “High”, “Touch up” 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 closes 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 (10:41) was 1.04582 for the expiration of 10:50. The Asset closed on 1.04583 and I made $1296.
