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Top Global Market Stories

Governor Carney’s Chameleon Efforts Lift GBP

Risk-on and -off trading remains the order of the day at least until the investor is convinced that the geopolitical landscape has changed for the better. If one eliminates geopolitical aggressive pricing actions from the equation then investors are left dealing with tenuous global growth to price. In a week stacked with central bank meetings […]

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 Flash Crashes Over $130 on BTC-E

It didn’t take long for bitcoin prices to break the $480 double bottom mentioned in our daily roundup yesterday. The move lower happened around mid-day. Two hours later bitcoin prices flash crashed on BTC-E, spiking down over 130 points in just a few minutes. On their MetaTrader 4 price feed, BTC hit a daily low […]

Global Market Commentary

Chart Of The Day For August 19th, 2014 -EUR/USD

By Ilya Spivak 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 […]

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