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Oil Steady After Mixed Data

Crude prices traded in a narrow range on Thursday as optimism over equity markets helped offset a surprise increase in U.S. oil inventory levels and a firm U.S. dollar. A respite from bearish economic news in China, where markets are closed for public holidays for the rest of the week, also helped hold oil prices […]

    Top Trade Ideas

    Top trade idea for September 3rd, 2015 – EURJPY

    Looking to buy any dip below the 134 area as from my point of view what we’re seeing on the eurjpy pair is nothing but an impulsive move that ended around the 139 level and this means we should look for a correction. Time element being respected, the correcting started and because we had a […]

    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 September 4th, 2015 – EUR/USD

    Talking Points:

    • EUR/USD Technical Strategy: Pending Short at 1.1224
    • Euro Breaks Monthly Rising Trend Line Support Against US Dollar
    • Looking for Rebound Above 1.12 Figure to Trigger Short Position

    The Euro turned sharply lower, breaking support guiding the upward correction against the US Dollar set from early August and hinting at deeper losses. The single currency tumbled after the ECB hinted it may expand its stimulus efforts at yesterday monetary policy meeting.

    Near-term support is now at 1.1118, the 38.2% Fibonacci expansion, with a break below that on a daily closing basis exposing the 50% level at 1.1052. Alternatively, a rebound above rising trend line support-turned-resistance at 1.1225 opens the door for a challenge of the September 1 high at 1.1331.

    Prices are too close to support to justify entering short from a risk/reward perspective. With that in mind, we will set up an entry order to sell the pair at 1.1224. If triggered, the trade will initially aim for a return to test 1.1118 and carry a stop-loss activated on a daily close above 1.1331. We suspect a correction higher may be triggered by the upcoming release of US employment data.

    EUR/USD Technical Analysis: Short Trade Setup Established

    bitcoin brokers

    Bitcoin, a Historical Analysis of Low-Vol Environments

    Bitcoin is still within the bounds of the symmetrical triangle pattern discussed in yesterday’s article. The chart below shows the range during the past eight days marked with a yellow rectangle. The daily range for today on BTC-E is only $3.49 dollars. This is a low in volatility we haven’t seen since early July. Is […]

    Global Market Commentary

    Chart Of The Day For September 4th, 2015 – EUR/USD

    By Ilya Spivak Talking Points: EUR/USD Technical Strategy: Pending Short at 1.1224 Euro Breaks Monthly Rising Trend Line Support Against US Dollar Looking for Rebound Above 1.12 Figure to Trigger Short Position The Euro turned sharply lower, breaking support guiding the upward correction against the US Dollar set from early August and hinting at deeper losses. […]

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