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Top Global Market Stories

Sterling Bulls Back down While EUR Bear Waits

The forex markets require a diverging interest rate policy among the Group of Seven economies for sustainable volatility. In 2014, geopolitical risk has been regionally contained and risk-on or -off trading strategies have been orderly executed, regardless if it has been influenced by events in Russia-Ukraine, Gaza, Syria or Iraq. Various individuals will argue that […]

Top Trade Ideas

Trade Idea For August 18th,2014 – EUR/CAD

Predicting reversals can be risky. Last week, we expected a EUR/CAD reversal near 1.4550. On Friday, EUR/CAD reversed at 1.4546 and is currently heading higher. We expect that move higher to end soon and will discuss a EUR/CAD short trade based on the same approach for predicting the reversal at 1.4546. This half-hourly chart shows […]

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 August 19th, 2014 -EUR/USD

  • EUR/USD Technical Strategy: Short at 1.3644
  • Support: 1.3345, 1.3291, 1.3248
  • Resistance:1.3419, 1.3467-72, 1.3516

The Euro may be readying to correct higher against the US Dollar after an Evening Star candlestick pattern marked a reversal downward, as expected. The case for an upside scenario hinges on the appearance of a Hammer candle coupled with positive RSI divergence. A daily close above the 23.6% Fibonacci retracement at 1.3419 exposes the 1.3467-72 area, marked by the 38.2% level and a falling channel top. Alternatively, a turn below the 23.6% Fib expansion at 1.3345 opens the door for a test of the 38.2% threshold at 1.3291.

 We sold EURUSD at 1.3644 in line with our long-term fundamental outlook and have since booked profit on half of the position. Any on-coming upswing will be treated as an opportunity to add to the position.

EUR/USD Technical Analysis: Consolidating Above 1.33 Mark

 

Bitcoin

bitcoin brokers

Bitcoin Stable After Volatile Day, ATO Releases Tax Ruling

Bitcoin is trading more stable today after a volatile Monday that saw prices flash crash over 130 dollars on BTC-E. Bitcoin traded as high as $487 yesterday, fueled by the rebound started after the crash. With the recent clearing of orders on both BTC-E and Bitfinex, the market should remain somewhat supported in the near […]

Global Market Commentary

Sterling Bulls Back down While EUR Bear Waits

The forex markets require a diverging interest rate policy among the Group of Seven economies for sustainable volatility. In 2014, geopolitical risk has been regionally contained and risk-on or -off trading strategies have been orderly executed, regardless if it has been influenced by events in Russia-Ukraine, Gaza, Syria or Iraq. Various individuals will argue that […]

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