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Bitcoin Auction Draws Slightly Higher Buyer Interest

Bitcoin is trading slightly up in the aftermath of the third bitcoin auction. We had a short-lived rally around the close yesterday, from $263 to $273. But prices have fallen back since, trading to a low of $266 per coin this morning. We are currently quoted at $268.86 on BTC-E. As usual, buying bitcoins costs […]

Top Trade Ideas

Top Trade Idea For March 6th, 2015 – EUR/JPY

It’s the best of trades, and the worst of trades. The currency wars rage on, as central banks attempt to pillage each other’s domestic demand in an environment of competitive currency devaluation. The fighting is fiercest on the Eastern front, where the united forces of the European Central Bank are smashing into the imperialist resources […]

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 6th,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 declined for a sixth consecutive day against the US Dollar, sinking to a new 11-year low. Near-term support is at 1.0970, the 38.2% Fibonacci expansion, with a break below that on a daily closing basis exposing the 50% level at 1.0796. Alternatively, a turn above the 23.6% Fib at 1.1185 opens the door for a challenge of the 1.1276-1318 area (January 30 close, 14.6% Fib expansion).

Prices are too close to support to justify entering short in line with our long-term outlookfrom a risk/reward perspective. On the other hand, the absence of a defined bullish reversal signal suggests that taking up thelong side is premature. With that in mind, we will remain flat for now.

EUR/USD Technical Analysis: Euro Declines for Sixth Day

Bitcoin

bitcoin brokers

Bitcoin Auction Draws Slightly Higher Buyer Interest

Bitcoin is trading slightly up in the aftermath of the third bitcoin auction. We had a short-lived rally around the close yesterday, from $263 to $273. But prices have fallen back since, trading to a low of $266 per coin this morning. We are currently quoted at $268.86 on BTC-E. As usual, buying bitcoins costs […]

Global Market Commentary

Top Trade Idea For March 6th, 2015 – EUR/JPY

It’s the best of trades, and the worst of trades. The currency wars rage on, as central banks attempt to pillage each other’s domestic demand in an environment of competitive currency devaluation. The fighting is fiercest on the Eastern front, where the united forces of the European Central Bank are smashing into the imperialist resources […]

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