Top Trade Ideas

Top Trade Idea For March 10th, 2015 – AUD/USD

By Gregor Horvat on Mar 10, 2015 03:11:14 GMT

Today’s Top Trade Idea AUD/USD On AUDUSD we see five waves down within an extended wave (3) that found some support at the start of February near 0.7600. Till now the bounce was not that strong so we think that pair made just another corrective move; wave (4) that can be completed around that upper […]

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MT4 Trading & Education

How To Trade The Parabolic SAR in MT4

By Shaun Overton on Jul 14, 2014 08:33:58 GMT

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 […]

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Featured Chart

Chart Of The Day For March 10th,2015 – EUR/USD

By DailyFX on Mar 10, 2015 12:07:58 GMT

By Ilya Spivak

Talking Points:

EUR/USD Technical Strategy: Flat
Support: 1.0796, 1.0623, 1.0408
Resistance:1.0970, 1.1185, 1.1318

The Euro put in an Inverted Hammer candlestick, hinting an upside correction against the US Dollar may be in the cards. Near-term resistance is at 1.0970the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 23.6% level at 1.1185. Alternatively, a turn below the 50% Fibat 1.0796 opens the door for a challenge of the 61.8% expansion at 1.0623.

Prices are too close to support to justify entering short in line with our long-term outlookfrom a risk/reward perspective. With that in mind, we will wait for a corrective upswing to look for opportunities to establish a short position in the days ahead.

EUR/USD Technical Analysis: Bounce Sought to Enter Short

Bitcoin

Bitcoin Bounces Off $300, Next Move Awaited

By Petar Kotevski on Mar 10, 2015 05:23:57 GMT

Bitcoin’s rally continues for another day. After opening at $286.72 BTC/USD steadily gained ground, eventually hitting a high of $298.999 near the end of today’s trading session. We have since eased up somewhat with bitcoin falling back to $291.60 on BTC-E. As usual, prices are somewhat higher on rival exchanges with BitStamp at $291.78 and […]

Global Market Commentary

Strong dollar weighs on commodities and US futures

Posted on Mar 11, 2015 10:05:34 GMT 10:05 AM by Craig Erlam

It’s been a fairly quiet start to the trading session on Tuesday and yet we are seeing some decent moves in the markets with major European indices down around two thirds of one percent and Brent crude off by more than one percent. While there has been some data released this morning, it hasn’t exactly […]