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Top Global Market Stories

Week in FX Europe – Swiss Floor Not under Immediate Threat

SNB more dovish than expected Swiss floor supported by potential forex intervention SNB inflation projections lowered The Swiss National Bank (SNB) provided no major surprises in its quarterly policy review earlier this week, but the tone of its statement was probably more dovish than the market had expected. For the 13th consecutive quarter, the SNB […]

Top Trade Ideas

Top Trade Idea For September 18th, 2014 – USDJPY

This week I am joining the bulls party in the jpy pairs and the analysis above is about the all important jpy pair of them all: the usdjpy. The thing is that what started after breaking that prolonged contracting triangle looks to be the third wave of an impulsive move and, in order for a […]

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 September 22nd,2014 -EUR/USD

  • EUR/USD Technical Strategy: Short at1.3644
  • Support: 1.2858, 1.2796, 1.2673
  • Resistance:1.2951, 1.2994, 1.3074

The Euro may correct higher against the US Dollar after forming a bullish Piercing Line candle pattern coupled with positive RSI divergence. A daily close above trend line resistance at 1.2951 exposes the September 16 high at 1.2994. Alternatively, reversal below above the 1.2858-71 area marked by the September 9 low and the 14.6% Fibonacci expansion opens the door for a test of the 23.6% level at 1.2796.

We entered short EURUSD at 1.3644 in line with our long-term fundamental outlook and have sincebooked profit on half of the position. The rest remains open to capture any further downside momentumwith a stop-loss at 1.3583, our initial objective.

EUR/USD Technical Analysis: Euro May Be Set to Bounce

Bitcoin

bitcoin brokers

Bitcoin Slightly Down, OpenBazaar Releases Beta

Bitcoin is trading slightly down today. Prices got as low as $375 on BTC-E yesterday, almost matching the September 19th swing low at $471. From here BTC/USD moved up to again retest the round $400 figure. After the failed test, bitcoin fell back to $388. The downward momentum has somewhat paused, as can be seen […]

Global Market Commentary

Chart Of The Day For September 22nd,2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2858, 1.2796, 1.2673 Resistance:1.2951, 1.2994, 1.3074 The Euro may correct higher against the US Dollar after forming a bullish Piercing Line candle pattern coupled with positive RSI divergence. A daily close above trend line resistance at 1.2951 exposes the September 16 high at 1.2994. Alternatively, reversal below above the 1.2858-71 area marked by […]

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