Successful Trades: EUR/USD & GBP/USD - 24 February 2015

EUR/USD

According to Christopher Lewis’s analysis of the EUR/USD, “The bottom of the range is the 1.13 level, and the top of the range is 1.15 handle.”. 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 81% if the option will close above the target price, which means that if the signal is correct I could get a return of $972 on my investment.

The target price for EUR/USD at the buying time (14:47) was 1.13307 for the expiration of 15:00.  The Asset closed on 1.13307 and I made $972.

GBP/USD

According to Christopher Lewis’s analysis of the GBP/USD, “The US dollar is by far the strongest currency in the Forex markets as it continues to strengthen overall. While the British pound itself isn’t in bad shape, the truth of the matter is that the US dollar is one of the few currencies that people are buying hand over fist. I think buying the British pound against other currencies is very much possible, but in this particular case the dollar remains King.”. That creates an investment opportunity on the instruments: “Low”, “Touch Down” and “No Touch Up”.

I logged in the OptionFair™ binary options trading platform and I traded $1200 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 $840 on my investment.

The price for GBP/USD at the buying time (14:19) was 1.54393 and the target price was 1.54331 for the expiration of 14:45. The asset touched my target price at 14:28 and I made $900.