Today is Thu, October 23, 2014 18:28:25 GMT
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Bitcoin Breaks $362, Support at $345 Eyed

After an uneventful couple of days, bitcoin volatility is back. Today BTC prices fell almost $20 dollars, from $376.99 to a low of $357. The October 16th swing low at $362 could only hold prices for five hours, then the bears managed to break support and soon  BTC/USD continued the move down. Bitcoin is currently […]

Top Trade Ideas

Top Trade Idea For October 23rd, 2014 – AUD/USD

It is time to give the old audusd a bit of credentials to the upside as from my point of view market is screaming to break higher out of the contracting triangle that can be seen at the bottom of the chart in the above picture. The whole move seems to be a d wave […]

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 October 23rd,2014 – EUR/USD

  • EUR/USD Technical Strategy: Pending Short at 1.2710
  • Support: 1.2500, 1.2316, 1.2140
  • Resistance:1.2731, 1.2852, 1.3070

 The Euro appears to be resuming the dominant down trend against the US Dollar after rebounding from the 1.25 figure, as expected. A daily close below support in the 1.2500-34 area marked by the October 3 low and the 23.6% Fibonacci expansion exposes the 38.2% level at 1.2316. Alternatively, a turn above channel support-turned-resistance at 1.2731 clears the way for a challenge of the 23.6% Fib retracement at 1.2852.

 Risk/reward considerations are skewed against entering short at current levels and we will establish a pending order to sell the pair at 1.2710 in line with our long-term fundamental outlook. If triggered, the trade will initially target 1.2534 with a stop-loss activated on a daily close above 1.2886.

EUR/USD Technical Analysis: Short Entry Setup Established

Bitcoin

Bitcoin: BTC/USD Technical Analysis – 23rd October 2014

Bitcoin (BTC/USD) has just broken through $361 to $358 on BTC-e, setting a new 10-day low and suggesting a possible return into the low $300’s during the next 2-4 weeks. BTC has declined by over 5% during the past 12h, a relatively large move during what has become a fairly quiet 2 weeks of trading. […]

Global Market Commentary

Chart Of The Day For October 23rd,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Pending Short at 1.2710 Support: 1.2500, 1.2316, 1.2140 Resistance:1.2731, 1.2852, 1.3070  The Euro appears to be resuming the dominant down trend against the US Dollar after rebounding from the 1.25 figure, as expected. A daily close below support in the 1.2500-34 area marked by the October 3 low and the 23.6% Fibonacci expansion exposes the 38.2% […]

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