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Top Global Market Stories

Scottish Pride Pounds Sterling

The U.S. dollar remains king. It has risen against a broad basket of currencies for nine consecutive weeks and so far has completed its longest winning streak in 17 years. Will the Federal Reserve end its winning ratio or is it to be a temporary blip before pushing on to greater heights? Many expect the […]

Top Trade Ideas

Top Trade Idea For September 18th, 2014 – USDJPY

This week I am joining the bulls party in the jpy pairs and the analysis above is about the all important jpy pair of them all: the usdjpy. The thing is that what started after breaking that prolonged contracting triangle looks to be the third wave of an impulsive move and, in order for 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 18th,2014 – EUR/USD

  • EUR/USD Technical Strategy: Short at1.3644
  • Support: 1.2858, 1.2796, 1.2673
  • Resistance:1.2994, 1.3081, 1.3159

The Euro turned sharply lower against the US Dollar once again in the aftermath of the FOMC monetary policy announcement. Near-term support is in the 1.2858-71 area, marked by the September 9 low and the 14.6% Fibonacci expansion. A daily close below that exposes the 23.6% level at 1.2796. Alternatively, a bounce above the September 16 high at 1.2994 clears the way for a challenge of channel floor support-turned-resistance at 1.3081.

We sold EURUSD at 1.3644 in line with our long-term fundamental outlook and have since booked profit on half of the position. The rest remains open to capture any further downside momentum with a stop-loss at 1.3583, our initial objective.

EUR/USD Technical Analysis: Barely Clutching to Support

Bitcoin

bitcoin brokers

Bitcoin Falls Over $20 as Selloff Continues

After breaking the $460 support yesterday, bitcoin continued the leg down. Today prices fell over 20 dollars, from $456 per coin to a daily low of $434. Our article yesterday called for more losses after the important $460 figure gave way. After reaching a daily low of $434 BTC/USD reversed course and rallied almost $15 […]

Global Market Commentary

Chart Of The Day For September 18th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2858, 1.2796, 1.2673 Resistance:1.2994, 1.3081, 1.3159 The Euro turned sharply lower against the US Dollar once again in the aftermath of the FOMC monetary policy announcement. Near-term support is in the 1.2858-71 area, marked by the September 9 low and the 14.6% Fibonacci expansion. A daily close below that exposes the 23.6% level at 1.2796. Alternatively, […]

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