Successful Trades: NZD/USD & EUR/USD - 23 April 2015

NZD/USD

According to Christopher Lewis’ analysis of the NZD/USD, “I believe that the Australian dollar looking very soft at the same time isn’t some type of Gwent sedans, and that the US dollar should continue to climb. That of course will push this pair lower”. That creates an investment opportunity on the instruments: “Low”, “No Touch up” and “Touch down”.

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 72% so if the option will close below the target price, which means that if the signal is correct I could get a return of $864 on my investment.

The target price for NZD/USD at the buying time (11:31) was 0.75764 for the expiration of 11:40. The Asset closed on 0.75733 and I made $864.

EUR/USD

According to Christopher Lewis’ analysis of the EUR/USD, “I recognize that the candle from the previous session was neutral, and that could cause a little bit of volatility. However, when I look at the longer-term trend I see nothing that makes me want to buy the Euro. We have the 100 day exponential moving average just above, and it is sloped decidedly bearish”. That creates an investment opportunity on the instruments: “Low”, “No Touch Up” and “Touch Down”.

I logged in the OptionFair™ binary options trading platform and I traded $1200 on the "Touch up" 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 (11:30) was 1.07166 and the target price was 1.07095 for the expiration of 11:45. The asset touched my target price at 11:41 and I made $900.