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Talking Points: British Pound Trades Broadly Higher as Scotland Opts Against UK Secession Japanese Yen Under Pressure as Firming Risk Appetite Sinks Haven Demand See Economic Releases Directly on Your Charts with the DailyFX News App The British Pond outperformed in overnight trade, rising as much as 0.9 percent on average against its leading counterparts, […]
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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 […]
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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 […]
- 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.
Bitcoin is stabilizing around the round $400 figure. In the past 24 hours, BTC/USD had a total range of around 24 dollars, much smaller then the 50 points losses experienced in the days prior. The high was reached yesterday around mid day at $413.99 and the low was hit near the end of the trading […]