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Rate Divergence Will Spur Volatility Commodity Prices under Pressure Emerging Markets Stuck in a Hard Place Central bank interest rate divergence, geopolitical events, and global growth expectations have been the three primary drivers of FX market volatility in late 2014, and these themes will continue to dominate the currency trade well into 2015. With so […]
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The chart above is quite a simple analysis in the sense that the eurusd is forming on the lower time-frames (actually ended) a terminal impulsive move and this pattern is visible on the four hours and the hourly chart as well. What is important at this move is that this lows the market made at […]
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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 at 1.2710
- Support: 1.2360, 1.2213, 1.1974
- Resistance:1.2535, 1.2599, 1.2770
The Euro managed to claw some lost territory against the US Dollar after find support below the 1.24 figure. Near-term support is in the 1.2357-60 area, marked by the November 7 low and the 14.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the 23.6% level at 1.2213. Alternatively, a turn above trend line resistance at 1.2535 clears the way for a challenge of the November 19 high at 1.2599.
We entered short EURUSD at 1.2710 in line with our long-term fundamental outlook and have since booked profit on half of the position. The rest of the trade remains open to capture any further downside momentum with a stop-loss at breakeven (1.2710).
Bitcoin is trading little change today. Prices opened at $371 and after a very small move to $374 we fall back down to a low of $362. We are currently quoted just below the $365 mark at $364.80. Prices are higher on OKCoin at $369 and BitStamp at $367 per coin. Here’s a one hour […]