Successful Trades: USD/CHF & GBP/USD - 21 April 2015

USD/CHF

According to Christopher Lewis's analysis of the USD/CHF, “I believe that a break above the top of the range is the buying opportunity that we are looking for, or perhaps some type pullback closer to the 0.95 level that show signs of support on a short-term chart. Either way, I do not like selling the US dollar”. 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 73% if the option will close above the target price, which means that if the signal is correct I could get a return of $876 on my investment.

The target price for USD/CHF at the buying time (11:49) was 0.95973 for the expiration of 12:00. The Asset closed on 0.96024 and I made $876.

GBP/USD

According to Christopher Lewis's analysis of the GBP/USD, “Nonetheless, I do believe that the US dollar continues to strengthen, and if the US Dollar Index is any indication, we are beginning to see that overall. I don’t necessarily dislike the British pound, I just do not think that it is going to outdo the US dollar at this point”. 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 (11:31) was 1.48687 and the target price was 1.48625 for the expiration of 11:45. The asset touched my target price at 11:38 and I made $840.