Top Global Market Stories
Oil rose for a second day on Thursday and briefly reached $66 a barrel, supported by expectations that a global supply glut is starting to ease and by fighting in Iraq. The U.S. government’s supply report on Wednesday showed crude inventories declined for a third week. Stockpiles had been at record levels due to excess […]
Top Trade Ideas
This is the fashionable usdcad pair and I am both bullish and bearish on the pair as the current setup suggests the move to the downside is a so called double combination. If that is the case, then it means it is a three waves structure and three waves structures in the a wave position […]
MT4 Trading & Education
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: Flat
- Support: 1.1059, 1.0934, 1.0808
- Resistance:1.1214, 1.1310, 1.1466
The Euro turned lower against the US Dollar as expected but an Inverted Hammer candlestick now hints a rebound may be brewing. Near-term resistance is at 1.1214, the 23.6% Fibonacci expansion, with a break above that on a daily closing basis exposing the 14.6%levelat1.1310. Alternatively, a push below the 38.2% Fib at 1.1059 clears the way for a test of the 50%expansionat1.0934.
Positioning is inconclusive at this point, with prices offering no clear-cut and actionable signal to initiate a short tradein line with our long-term outlook. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.
Bitcoin edged higher by 1 percent in today’s trading session. After opening at $233.77, BTC/USD slowly moved higher until it peaked at $237.28. one hour ago. We are currently trading not far from the highs at $236.30. We saw similar move higher on OKCoin. Here prices are quoted at $235.68 on the spot exchange and […]