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Capital markets require rate divergence for sustainable volatility, which in turn drives greater investor interest, more volatility and so on. The market just wants price movement. To date, central banks and option traders have been successful handcuffing the forex asset class to tight, contained, and boring currency ranges for many months. Even geopolitical risk, when […]
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I would like to take a look at the eurgbp cross this week as it is forming/ending one of the most complex forms of correction on this four hours chart you can see above and from my point of view that is a nice risk reward ratio to get out of this setup. I am […]
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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 […]
- EUR/USD Technical Strategy: Short at 1.3644
- Support: 1.3454, 1.3396, 1.3324
- Resistance:1.3502-12, 1.3583, 1.3633
The Euro fell as expected against the US Dollar after prices put in a bearish Evening Star candlestick pattern. Sellers are testing support at 1.3454, the 50% Fibonacci expansion. A daily close below this boundary initially exposes the 61.8% level at 1.3396. Alternatively, a move back above the 1.3502-12 area, marked by the 38.2% Fib and the June 5 low, clears the way for a test of the 23.6% expansion at 1.3583.
We sold EURUSD at 1.3644 in line with our long-term fundamental outlook and have since booked profit on half of the position. The stop-loss on our remaining exposure has been moved to the breakeven level.
Bitcoin prices took a slight dip to the $609 figure in today’s trading session. Yesterday BTC/USD moved in a tight 4 dollar range between $616 and $612. After the move below $610, BTC quickly recovered and is now trading at $612 again. The range we keep talking about (high at $633 and low at $600) […]