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Japan imported U.S. oil for the first time in four years as companies find ways around a four-decade ban on American exports and the Asian nation seeks to cut its dependence on Middle East suppliers. Japan, which relies on Saudi Arabia for 33 percent of its supply, imported about 300,000 barrels of oil from the […]
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The chart above is quite a simple analysis in the sense that the eurusd is forming on the lower time-frames (actually ended) a terminal impulsive move and this pattern is visible on the four hours and the hourly chart as well. What is important at this move is that this lows the market made at […]
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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: Short at 1.2710
- Support: 1.2360, 1.2213, 1.1974
- Resistance:1.2535, 1.2599, 1.2770
The Euro managed to claw some lost territory against the US Dollar after find support below the 1.24 figure. Near-term support is in the 1.2357-60 area, marked by the November 7 low and the 14.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the 23.6% level at 1.2213. Alternatively, a turn above trend line resistance at 1.2535 clears the way for a challenge of the November 19 high at 1.2599.
We entered short EURUSD at 1.2710 in line with our long-term fundamental outlook and have since booked profit on half of the position. The rest of the trade remains open to capture any further downside momentum with a stop-loss at breakeven (1.2710).
Bitcoin is trading flat ahead of the ”Black Friday” event. After opening at $363.78, prices fell slightly to $361 per coin but BTC recovered soon after. In the next few hours, a high of $369.99 was reached. This is where most of the action stopped however and BTC/USD spent the rest of the day in […]