Top Global Market Stories
Gold for Tuesday, January 27, 2015 Gold has enjoyed a very solid last few weeks as it has surged to a five month high near $1308, before easing back a little in the last few days. To start last week it had just eased back a little and steadied below the $1280 level after surging […]
Top Trade Ideas
Another week, another bullish scenario for the usdjpy as I am still looking for the currency pair to make a contracting triangle in the and and this current move to the upside to be nothing but a zigzag. The zigzag should be the d wave, then a small correction for the e wave and 122 […]
MT4 Trading & Education
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- EUR/USD Technical Strategy: Flat
- Support: 1.1123, 1.0992, 1.0830
- Resistance:1.1254, 1.1416, 1.1516
The Euro is working on clearing a path below the 1.10 figure against the US Dollar as prices dip to levels untouched since September 2003. Near-term support is at 1.1123, the 50% Fibonacci expansion, with a break below that on a daily closing basis exposing the 61.8% level at 1.0992. Alternatively, a reversal above the 38.2% Fib at 1.1254 clears the way for a test of the 23.6% expansion at 1.1416.
Risk/reward considerations argue against entering short in line with our long-term outlook with prices in close proximity to support. We will remain flat for now, waiting for a more actionable opportunity to present itself.
Bitcoin ended the day higher by 17 dollars after a highly volatile trading session. The Coinbase ”To The Moon” hype announcement first served as a catalyst to the rally. But the big news got featured in the Wall Street Journal way before the timer ran out. Coinbase has secured regulatory approval to operate as an […]