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Bitcoin Retraces, OKCoin Lowers Fees

Bitcoin retraced some of the gains from the rally. During the last 2 hours of yesterday’s trading session, BTC fell from $275 to $261 per coin, eventually closing the day at $264.66. Today we are trading more or less unchanged with BTC/USD quoted at $266.77 on BTC-E. As usual, prices are trading at a slight […]

Top Trade Ideas

Top Trade Idea For March 4th, 2015 – EUR/NZD

With the EUR/USD being on the verge of taking another leg lower, the EUR/NZD has already started its move.  A day before the European Central Bank meeting, the cross has broken to a fresh record low this morning.  Although not much will be expected from this particular meeting, the focus will be on how the […]

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 March 5th,2015 – EUR/USD

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0970, 1.0796, 1.0623
  • Resistance:1.1185, 1.1318, 1.1533

The Euro moved sharply lower against the US Dollar, with prices descending to the lowest level in over 11 years. A daily close below the 38.2% Fibonacci expansionat 1.0970 exposes the 50% level at 1.0796. Alternatively, a reversal above the 23.6% Fib at 1.1185 clears the way for a test of the 1.1276-1318 area (January 30 close, 14.6% Fib expansion).

Entering short in line with our long-term outlook seems compelling from a purely technical perspective but will tactically opt to stay flat. The upcoming US Employment report represents major event risk for USD-based pairs that may derail technical positioning. As such, we will wait for event risk to pass before establishing new exposure.

EUR/USD Technical Analysis: Euro Slumps to 11-Year Low

Bitcoin

bitcoin brokers

Bitcoin Retraces, OKCoin Lowers Fees

Bitcoin retraced some of the gains from the rally. During the last 2 hours of yesterday’s trading session, BTC fell from $275 to $261 per coin, eventually closing the day at $264.66. Today we are trading more or less unchanged with BTC/USD quoted at $266.77 on BTC-E. As usual, prices are trading at a slight […]

Global Market Commentary

Chart Of The Day For March 5th,2015 – EUR/USD

By Ilya Spivak Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0970, 1.0796, 1.0623 Resistance:1.1185, 1.1318, 1.1533 The Euro moved sharply lower against the US Dollar, with prices descending to the lowest level in over 11 years. A daily close below the 38.2% Fibonacci expansionat 1.0970 exposes the 50% level at 1.0796. Alternatively, a reversal above […]

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