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Top Global Market Stories

Weak Chinese data pushes the markets lower

Poor Chinese data leads to weak start to the week John Kerry continues to gain support for a coalition to take on ISIS The Scottish vote looms and uncertainties mean volatility should ensue. Global markets are facing up to a somewhat disappointing start to the week as growing uncertainties over geo-political factors provide the backdrop […]

Top Trade Ideas

Top Trade Idea For September 15th, 2014 – EUR/USD

Last week, we recommended a USD/CHF long towards 0.9350 on a fourth wave pullback. While our target was reached, price didn’t pull back enough to trigger the entry. This time, we’ve waited for a euro fourth wave pullback to end and have designed a short trade around it. This one-hour chart includes a simple Elliott […]

MT4 Trading & Education

How To Trade The Parabolic SAR in MT4

Hi, this is Shaun Overton with ForexNews.com and OneStepRemoved.com. In this 3 minute video, I’m going to introduce you to the Parabolic SAR indicator for MetaTrader 4. If you don’t already have a demo account, you can follow along for free with an OANDA account by clicking the link below this video.  Register For A […]

Featured Chart

Chart Of The Day For September 15th,2014-EUR/USD

  • EUR/USD Technical Strategy: Short at1.3644
  • Support: 1.2864, 1.2794, 1.2708
  • Resistance:1.2981, 1.3057, 1.3104

 The Euro may be carving out a near-term bottom against the US Dollar after producing a bullish Piercing Line candlestick pattern. A daily close above the 14.6% Fibonacci retracementat 1.2981 exposes the 23.6% level at 1.3057. Alternatively, a turn below the 50% Fib expansion at 1.2864 opens the door for a test of the 61.8% threshold at 1.2794.

 We entered short EURUSD at 1.3644 in line with our long-term fundamental outlook and have sincebooked profit on half of the position. The rest remains open to capture any further downside momentumwith a stop-loss at 1.3583, our initial objective.

EUR/USD Technical Analysis: Bottom Set Above 1.28 Mark?

Bitcoin

bitcoin brokers

Bitcoin Swap Passes Regulatory Scrutiny

Bitcoin is still stuck inside the congestion area between $460 and $485. This is now the 10th day of range-bound trading. In the past 24 hours, BTC/USD fell to a daily low of $464.94 only to bounce right back above the $470 mark two hours later. One coin is currently selling for $470 on BTC-E, […]

Global Market Commentary

Weak Chinese data pushes the markets lower

Poor Chinese data leads to weak start to the week John Kerry continues to gain support for a coalition to take on ISIS The Scottish vote looms and uncertainties mean volatility should ensue. Global markets are facing up to a somewhat disappointing start to the week as growing uncertainties over geo-political factors provide the backdrop […]

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