Top Global Market Stories
Another bad day for commodities at the start of the week is weighing heavily on Brent crude, which is down more than 2% on the day and looks set to make further losses in the coming sessions. Barring a strong resurgence, Brent is on course to extend its losing streak to four sessions and with […]
Top Trade Ideas
Sell an “M” Reversal in USD/SGD Conventional wisdom is that the USD will continue to strengthen as the first Fed rate hike approaches. However: Markets rarely go anywhere in a straight line The US Dollar index is up 4% over the last 5 weeks, and more than 20% since February 2014 Some of the most […]
MT4 Trading & Education
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: Flat
- Support: 1.1047, 1.0955, 1.0899
- Resistance:1.1121, 1.1195, 1.1287
The Euro broke above a falling trend line set from mid-June, hinting an upside reversal against the US Dollarmay be in progress. Near term resistance is at 1.1121, the 50% Fibonacci retracement, with a break above that on a daily closing basis exposing the 61.8% level at 1.1195. Alternatively, a move back below the 38.2% Fib at 1.1047 clears the way for a test of the 23.6% retracement at 1.0955.
Prices are wedged too closely between near-term support and resistance levels to justify taking a trade in line with our long-term outlook from a risk/reward perspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.
After a two-week hiatus that saw bitcoin prices dip to a low of $269.68 dollars per coin, we are back at the $300 dollars mark. Today on OKCoin we hit an intraday high of $296.24 before falling back. We are currently quoted at $293.57 dollars. The TradingView chart below shows today’s trading session on OKCoin. […]