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A new month and a new quarter should not be capable of changing things up too much. Both forex volume and volatility are not expected to ease off anytime soon as a hint of rate divergence brings with it a lot more opportunities. Hitting the halfway mark of a busy week, one notices that European […]
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The audcad cross is one of the most difficult to be traded and the usual caveat for trading a cross pair is valid here too: it should not travel that much when compared with majors. That is wrong. This cross just broke a contracting triangle on the bigger time frame and the b-d trend line […]
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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: 1.2602, 1.2532, 1.2445
- Resistance:1.2673, 1.2760, 1.2858
The Euro put in a Hammer candlestick, hinting a bounce against the US Dollar may be around the corner. Near-term resistance is in the 1.2659-73 area marked by the November 2012 low and the 38.2% Fibonacci expansion, with a break above that exposing the 1.2754-60 zone bracketed by the July 2013 bottom and the 23.6% level. Alternatively, a drop below the 50% Fib at 1.2602 opens the door for a test of the 61.8% expansion at 1.2532.
We entered short EURUSD at 1.3644 in line with our long-term fundamental outlook and have since booked profit on half of the position. The rest remains open to capture any further downside momentum with a stop-loss at 1.3583, our initial objective.
Bitcoin is back to printing red after the short reprieve yesterday. Today prices slowly fell to erase almost all the gains from the day before. Bitcoin is now trading at $374 on BTC-E and at $383 on BitStamp. It’s unclear where the crypto will go from here. The two points to watch are yesterday’s high […]