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Top Global Market Stories

WTI Crude – Are Bears Regaining Control?

WTI has sold off heavily at the start of the week just as it appeared to be gathering some bullish momentum. It appears, however, that Friday’s late retracement was in fact a sign that the bears are once again regaining control and further losses could lie ahead. Of course, today’s candle is not yet done […]

    Top Trade Ideas

    Top trade idea for October 9th, 2015 – AUD/CAD

    Uncertainty, ambiguety, approximation – all part of the traders’ world. So when a chart signal sets up perfectly its often welcomed as a small dose of clear instruction from the market. And the “W” reversal in AUD/CAD is as good as it gets. The chart shows the action. The double bottom gives the points of […]

    MT4 Trading & Education

    How To Trade The Parabolic SAR in MT4

    Hi, this is Shaun Overton with and 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 12th, 2015 – EUR/USD

    Talking Points:

    • EUR/USD Technical Strategy: Flat
    • Euro Poised to Continue Higher After Breaking Triangle Pattern Resistance
    • Waiting to Enter Short in Line with Long-Term Trend After Upswing Fizzles

    The Euro looks poised to continue higher against the US Dollar after prices took out the top of a Triangle consolidation pattern. The breakout suggests the upside correction launched in mid-March has more room to develop beforethe larger multi-year down trend resumes.

    Near-term resistance is now at 1.1432, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis opening the door for a challenge of the 50% level at 1.1539. Alternatively, a move below resistance-turned-support at 1.1265 clears the way for a descent to the 1.1028-86 area, marked by the September 3 low and a rising trend line.

    We continue to see Euro gains as corrective within the context of a structural decline launched in mid-2008. With that in mind, we will opt not to pursue a long position. Instead, we will wait for the upswing to show signs of exhaustion and look to enter short once an attractive opportunity to do so presents itself.

    EUR/USD Technical Analysis: Euro Recovery Poised to Continue

    bitcoin brokers

    Bitcoin Rejected After Another Test at $245

    Bitcoin got rejected today after making another play for the $245 handle. This was the second try at the figure in the last 24 hours and it didn’t go well for the bulls. Prices peaked at $244.94 this time, below yesterday’s $245.04 high. Thus the September bitcoin high on BTC-E at $245.80 remains unbroken. After […]

    Global Market Commentary

    Fed Speeches Key as Traders Obsess Over Rate Hike

    A bank holiday in the U.S. and a lack of economic data on Monday is likely to result in a slightly quieter start to the week in the financial markets, although there are a number of Federal Reserve officials due to speak today which, given the obsession with the central bank’s first rate hike, should […]

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