Top Global Market Stories
By Boris Schlossberg, Market Drivers April 21, 2014 Japanese Trade Balance wider than expected Pound perks up on growth expectations, possible M&A flows Nikkei -0.03% Europe closed Oil $104/bbl Gold $1288/oz. Europe and Asia: JPY Trade Balance -1.71 vs. -1.27 North America: USD LEI 10:00 AM Its been a very quiet open to the week’s trade […]
Top Trade Ideas
Time to take a look at the usdjpy pair as this resilience to break lower is leading us to a single possible scenario: running variation of a contracting triangle on the daily chart. This scenario is going to be invalidated only by a move below 100.75 level so this should be the stop loss for […]
MT4 Trading & Education
Hi, this is Shaun Overton with ForexNews.com and OneStepRemoved.com. In this 5 minute video, I’m going to show you how to interpret backtesting results in MetaTrader 4. You can follow along using a free OANDA demo account by clicking the link below this video. Register For A Free OANDA Demo Account Video Script: Before we […]
By Ilya Spivak,
- EUR/USD Technical Strategy: Pending Short
- Support: 1.3835 (23.6% Fib exp.), 1.3793 (38.2% Fib exp.)
- Resistance: 1.3905 (Apr 11 high)
The Euro continues to tread water above near the 1.38 figure against the US Dollar, with back-to-back indecision candles offering mixed direction cues. A daily close below the 38.2% Fibonacci expansion 1.3793 initially exposes the 50% level at 1.3758. The first layer of significant resistance is at 1.3905, the April 11 swing high.
We continue to look for a selling opportunity in line with our long-term fundamental outlook but doing so at current levels is unattractive from a risk/reward perspective as prices hover just above near-term support. As such, we will remain flat until an actionable setup presents itself.
Bitcoin prices barely changed in the last 24 hours. On BTC-E, we opened at $486. After a failed break above the $500 mark, we are currently trading 50 cents above the daily open at $486.50. Prices are slightly higher on BitStamp at $496.53 for one bitcoin. Major online retailer Amazon.com declined to introduce a bitcoin […]