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Bitcoin Bounces Off $550 as Argentina Defaults

Bitcoin prices have once again bounced off the important $550 figure. Earlier today, BTC/USD traded to a low of $555 before rebounding. Since reaching the lows, bitcoin gained and is currently trading 20 points higher at $576.60 per coin on BTC-E. As usual, prices are slightly higher on BitStamp at $582 a piece. Here is […]

Top Trade Ideas

Top Trade Idea For July 31st, 2014 – USDJPY

Bullish break for the usdjpy pair as it is benefiting from better than expected US data (from a fundamental point of view) and a contracting triangle that broke higher (from a technical point of view). The fact that this contracting triangle is on the daily chart should be taken seriously as the b-d trend line […]

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 31st, 2014 – EUR/USD

  • EUR/USD Technical Strategy: Short at 1.3644
  • Support: 1.3396, 1.3324, 1.3208
  • Resistance:1.3454, 1.3502-12, 1.3583

The Euro declined against the US Dollar as expected after prices put in a bearish Evening Star candlestick pattern. A daily close below support at 1.3396, the 61.8% Fibonacci expansion, clears the way for a decline to the 76.4% level at 1.3324. Alternatively, reversal back above the 50% Fib at 1.3454 opens the door for another challenge of the 1.3502-12 area, marked by the 38.2% expansion and the June 5 low.

We entered short EURUSD at 1.3644 in line with our long-term fundamental outlook. We have sincebooked profit on half of the position. The remainder of the trade remains active with a stop-loss at the breakeven level.

EUR/USD Technical Analysis: Pressuring Support Sub-1.34

Bitcoin

bitcoin brokers

Bitcoin Bounces Off $550 as Argentina Defaults

Bitcoin prices have once again bounced off the important $550 figure. Earlier today, BTC/USD traded to a low of $555 before rebounding. Since reaching the lows, bitcoin gained and is currently trading 20 points higher at $576.60 per coin on BTC-E. As usual, prices are slightly higher on BitStamp at $582 a piece. Here is […]

Global Market Commentary

Chart Of The Day For July 31st, 2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3396, 1.3324, 1.3208 Resistance:1.3454, 1.3502-12, 1.3583 The Euro declined against the US Dollar as expected after prices put in a bearish Evening Star candlestick pattern. A daily close below support at 1.3396, the 61.8% Fibonacci expansion, clears the way for a decline to the 76.4% level at 1.3324. Alternatively, reversal back above the 50% […]

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