USD/CAD
Following Christopher Lewis’s analysis of the USD/CAD “Going forward, I fully expect to see this market break out above the 1.07 handle area, and head towards the 1.10 level, which is the next major resistance area on the longer-term charts”, 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 76% if the option closes above the target price, which means that if the signal is correct I could get a return of $1216 on my investment.
The market price for USD/CAD at the buying time (10:55) was 1.07110 for the expiration of 11:10. The Asset closed on 1.07122 and I made $1216.
USD/JPY
According to Christopher Lewis’s analysis of the USD/JPY, “The shape of the candle is more or less a hammer, and as a result I believe that this market is going to continue going higher now”. 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 $1700 on the "High" instrument. This kind of option has a return of 70% if the option will close above the target price, which means that if the signal is correct I could get a return of $1190 on my investment.
The market price for USD/JPY at the buying time (11:09) was 105.315 for the expiration of 11:15. The Asset closed on 105.324 and I made $1190.
