USD/CAD
Following Christopher Lewis’s analysis of the USD/CAD “Right now I believe that we are in an upward bias. With that, I am only buying this market on dips using short-term charts, and have not interested in selling”, 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 $1500 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 $1215 on my investment.
The market price for USD/CAD at the buying time (11:53) was 1.11882 for the expiration of 12:00. The Asset closed on 1.11903 and I made $1215.
AUD/USD
Based on Christopher Lewis's analysis of AUD/USD, “I believe that the downtrend should continue, and the fact that there are concerns about Chinese growth now, at least in a mild sense, should send the Australian dollar lower anyway”. That creates an investment opportunity in the following positions: “Low”, “Touch down” and “No Touch up”.
With OptionFair™ binary options trading platform, I traded $1600 on the “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 $1120 on my investment.
The market price for the AUD/USD at the buying time (11:52) was 0.87442 and the target price was 0.87391 for the expiration of 12:00. The Asset touched my target price at 11:55 and I made $1120 in just 3 minutes!
