Successful Trades: USD/JPY & EUR/USD - 19 March 2015

USD/JPY

According to Adam Lemon’s analysis of the USD/JPY, “There are no high-impact events scheduled today concerning the JPY. Regarding the USD, at 2pm London time there will be a release of Philly Fed Manufacturing Index data which may affect the USD. So we expect some bearish price action”. 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 74% if the option will close above the target price, which means that if the signal is correct I could get a return of $888 on my investment.

The target price for USD/JPY at the buying time (10:38) was 120.734 for the expiration of 10:45.  The Asset closed on 120.677 and I made $888.

EUR/USD

According to Christopher Lewis’s analysis of the EUR/USD, “However, let us not forget that the European Union continues to struggle overall though, and even though we’ve seen so much strength during the session on Wednesday, the truth of the matter is that the downtrend is still very much in effect”. 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 (10:15) was 1.0.6871 and the target price was 1.06703 for the expiration of 10:45. The asset touched my target price at 10:19 and I made $900.