Successful Trades: EUR/JPY & EUR/USD - 5 March 2015

EUR/JPY

According to Christopher Lewis’s analysis of the EUR/JPY, “Looking at the EUR/JPY pair, it is a bit odd that this pair is falling while the rest of the Japanese yen related pairs are struggling to do so. Because of this, I think that this has more to do with the Euro than anything else. The European Union continues to struggle with deflationary headwinds, and as a result the European Central Bank will have to continue adding liquidity to the marketplace”. 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 "Low" instrument. This kind of option has a return of 79% if the option will close below the target price, which means that if the signal is correct I could get a return of $948 on my investment.

The target price for EUR/JPY at the buying time (11:36) was 132.428 for the expiration of 11:45.  The Asset closed on 132.411 and I made $948.

EUR/USD

According to Christopher Lewis’s analysis of the EUR/USD, “as I expect the Euro to continue to soften overall, I think that we continue to see a downtrend in this market”. 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 75% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $900 on my investment.

The price for EUR/USD at the buying time (10:21) was 1.10478 and the target price was 1.10418 for the expiration of 11:45. The asset touched my target price at 10:35 and I made $900.