Today is Tue, July 28, 2015 18:39:17 GMT
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Top Global Market Stories

Brent Crude – Bearish Bias Remains as Losses Grow

Another bad day for commodities at the start of the week is weighing heavily on Brent crude, which is down more than 2% on the day and looks set to make further losses in the coming sessions. Barring a strong resurgence, Brent is on course to extend its losing streak to four sessions and with […]

    Top Trade Ideas

    Top Trade Idea for July 28th, 2015 –XAU/USD

    Gold is trading at new lows, currently around the trendline connected from the start of 2014 where support can be found, especially if we consider the shape of an ending diagonal placed in fifth wave. That’s a very important reversal pattern that suggests a bounce in the second part of 2015 and maybe very strong […]

    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 July 28th ,2015 – EUR/USD

    • EUR/USD Technical Strategy: Flat
    • Support: 1.1047, 1.0955, 1.0899
    • Resistance:1.1121, 1.1195, 1.1287

    The Euro broke above a falling trend line set from mid-June, hinting an upside reversal against the US Dollarmay be in progress. Near term resistance is at 1.1121, the 50% Fibonacci retracement, with a break above that on a daily closing basis exposing the 61.8% level at 1.1195. Alternatively, a move back below the 38.2% Fib at 1.1047 clears the way for a test of the 23.6% retracement at 1.0955.

    Prices are wedged too closely between near-term support and resistance levels to justify taking a trade in line with our long-term outlook from a risk/reward perspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

    EUR/USD Technical Analysis: Down Trend Overturned?

    bitcoin brokers

    Bitcoin Nears $300 Dollars Again

    After a two-week hiatus that saw bitcoin prices dip to a low of $269.68 dollars per coin, we are back at the $300 dollars mark. Today on OKCoin we hit an intraday high of $296.24 before falling back. We are currently quoted at $293.57 dollars. The TradingView chart below shows today’s trading session on OKCoin. […]

    Global Market Commentary

    Top Trade Idea for July 28th, 2015 –XAU/USD

    Gold is trading at new lows, currently around the trendline connected from the start of 2014 where support can be found, especially if we consider the shape of an ending diagonal placed in fifth wave. That’s a very important reversal pattern that suggests a bounce in the second part of 2015 and maybe very strong […]

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