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Bitcoin Calms Down, Next Move Awaited

The bitcoin market has calmed down a bit. In the past 24 hours, we’ve moved within a tight range of 7 dollars and 32 cents. The high is again near the $230 mark at $229.31. The low stands at $221.89, also close to the previous day’s lows near $222. We are currently quoted at $224.10 […]

    Top Trade Ideas

    Top trade idea for August 31st, 2015 – EUR/USD & GBP/USD

    The USD recovered nicely against the EUR last week, clearly with five waves down which means that we are turning bearish again on EUR. However, firstly we need three wave bounce, before we can look for more weakness. Well, price can already be in a correction, but there is room for 1.131-1.1370 before downtrend may […]

    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 1st ,2015 – EUR/USD

    Talking Points:

    • EUR/USD Technical Strategy: Flat
    • Euro Drops for Third Day, Aims at Push Below 1.12 Figure
    • Risk/reward Parameters Argue Against Taking Short Trade

    The Euro declined for a third consecutive day against the US Dollar, with prices now aiming at support below the 1.12 figure. A daily close below the 61.8% Fibonacci retracement at 1.1153 exposes the next downside barrier at 1.1021, the 76.4% level. Alternatively, a move back above the 50% Fib at 1.1260 targets the 38.2% retracement at 1.1367.

    Our long-term bias on the Euro favors weakness. Indeed, the dominant trend has favored the downside since mid-2008. The currently available trading range – the distance between immediate support and resistance – is only 107 pips however. That is smaller than 20-day ATR (143 pips for the last closed candle), which skews risk/reward parameters away from entering a short trade. In short, even a short trade taken directly at resistance would be aiming for a profit target smaller than a “normal” worst-case scenario of a full-ATR move against the position. As such, we will opt to stand aside for now and wait for a more compelling opportunity to present itself.

    EUR/USD Technical Analysis: Aiming Below 1.12 Figure

    bitcoin brokers

    Bitcoin Calms Down, Next Move Awaited

    The bitcoin market has calmed down a bit. In the past 24 hours, we’ve moved within a tight range of 7 dollars and 32 cents. The high is again near the $230 mark at $229.31. The low stands at $221.89, also close to the previous day’s lows near $222. We are currently quoted at $224.10 […]

    Global Market Commentary

    Chart Of The Day For September 1st ,2015 – EUR/USD

    By Ilya Spivak Talking Points: EUR/USD Technical Strategy: Flat Euro Drops for Third Day, Aims at Push Below 1.12 Figure Risk/reward Parameters Argue Against Taking Short Trade The Euro declined for a third consecutive day against the US Dollar, with prices now aiming at support below the 1.12 figure. A daily close below the 61.8% […]

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