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NZDUSD triangle forms beside major support level

The NZDUSD paid has been approaching a year long low of 0.768 recently and today’s price action has seena trinagle form which could point towards a potential move to break lower or retrace upwards. The daily chart shows the significance of the support level at 0.768, which if broken would likely lead to a significant […]

Top Trade Ideas

Top Trade Idea For October 1st,2014 – USD/JPY

The USD/JPY pair has finally entered the key 110.00-110.65 technical area (see monthly chart in figure 1). The lower end of this range, i.e. 110, is a key psychological barrier while the 110.65 level was the high achieved back in August 2008. Around these levels I would expect to see some profit-taking, which may apply […]

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 1st,2014-EUR/USD

  • EUR/USD Technical Strategy: Short at1.3644
  • Support: 1.2602, 1.2532, 1.2445
  • Resistance:1.2673, 1.2760, 1.2796

Euro selling pressure swiftly returned after a brief respite, with prices sliding to the lowest level in over two years. A daily close below the 50% Fibonacci expansion at 1.2602 exposes the 61.8% level at 1.2532. Alternatively, a move above the 1.2659-73 area marked by the November 2012 low and the 38.2% Fib clears the way for a challenge of the 1.2754-60 zone bracketed by the July 2013 bottom and the 23.6% expansion.

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: Probing Below 1.26 Mark

 

 

Bitcoin

bitcoin brokers

Bitcoin Erases Gains, Reddit May Issue Its Own Cryptocurrency

Bitcoin is back to printing red after the short reprieve yesterday. Today prices slowly fell to erase almost all the gains from the day before. Bitcoin is now trading at $374 on BTC-E and at $383 on BitStamp. It’s unclear where the crypto will go from here. The two points to watch are yesterday’s high […]

Global Market Commentary

NZDUSD triangle forms beside major support level

The NZDUSD paid has been approaching a year long low of 0.768 recently and today’s price action has seena trinagle form which could point towards a potential move to break lower or retrace upwards. The daily chart shows the significance of the support level at 0.768, which if broken would likely lead to a significant […]

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