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Top Global Market Stories

WTI Crude Technicals – 104.0 Broken But Follow-Through Suspect

WTI Crude has been staying between 103.0 – 104.0 for most of the entire week, but prices suddenly shot up during early European session, pushing beyond the high of Monday and leading prices to the highest level since 6th March. This gain is certainly surprising given that latest inventory data from the American Petroleum Institute […]

Top Trade Ideas

Top Trade Idea For April 15th, 2014 – Gold

Gold – the most emotive of trades is on the slide. The base at $1180 formed at the latter part of last year following a fairly staggering 29% fall in a single year led to a fairly decent recovery in the first quarter of 2014. The failure to move through the $1330/oz level despite rising […]

MT4 Trading & Education

How To Interpret Backtesting Results In Metatrader 4

Hi, this is Shaun Overton with ForexNews.com and OneStepRemoved.com. In this 5 minute video, I’m going to show you how to interpret backtesting results in MetaTrader 4. You can follow along using a free OANDA demo account by clicking the link below this video. Register For A Free OANDA Demo Account Video Script:  Before we […]

Featured Chart

Chart Of The Day For April 15th, 2014 – EUR/USD

By ,

  • EUR/USD Technical Strategy: Pending Short
  • Support: 1.3835 (23.6% Fib exp.), 1.3793 (38.2% Fib exp.)
  • Resistance: 1.3905 (Apr 11 high)

The Euro may be carving out a top below 1.39 to the US Dollar after prices put in bearish Evening Star candlestick pattern. A break below support at 1.3835, the 23.6% Fibonacci expansion, initially exposes the 38.2% level at 1.3793. Near-term resistance is at 1.3905, the April 11 swing high.

Our long-term fundamental outlook calls for a bearish bias on the Euro against the greenback. We will opt against entering short at present however with prices sitting too close to near-term support to justify a trade on risk/reward grounds, waiting for a more attractive setup to present itself.

Confirm your chart-based trade setups with the Technical Analyzer. New to FX? Start Here!

dailyclassics_eur-usd_body_Picture_12.png, EUR/USD Technical Analysis – Bearish Reversal Signaled Sub-1.39

Bitcoin

Bitcoin: BTC/USD Technical Analysis – 15th April 2014

  Bitcoin’s alignment of firm bullish technicals (as discussed yesterday), have proven strong enough to take the crypto-coin’s value soaring over the past 48 hours. In my analysis on BTC/USD yesterday, I performed the following Fibonacci study (click to expand): Where I mentioned, “how much strength do these bulls have? Well, due to the recent […]

Global Market Commentary

British Pound Bulls Fear Weaker Inflation Statistics

Talking Points: Dollar Bounces Along with Yields, CPI a Key Benchmark British Pound Bulls Fear Weaker Inflation Statistics Euro Takes Another Hit as ECB’s Threats Pick Up Intensity Dollar Bounces Along with Yields, CPI a Key Benchmark US equities may have put up a decent rebound to open the week, but that wouldn’t stop the […]

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