Top Global Market Stories
Oil prices fell by up to 3 percent for a second straight day on Wednesday as a resurgent dollar weighed on the market amid concerns that U.S. crude supplies may have started rising again after three weeks of draws. Industry group American Petroleum Institute (API) said after the market’s settlement that U.S. crude inventories rose […]
Top Trade Ideas
This is a continuation of our previous usdcad analysis from last week as the take profit on the long trade we recommended was hit and then we said that we want to sell the 1.2520 level. Well, it may be that that area is not going to come so today’s trade idea is to sell […]
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: 1.0804, 1.0647, 1.0394
- Resistance:1.0930, 1.1056, 1.1213
The Euro paused to digest losses above the 1.08 figure against the US Dollar having turned lower as expected. Near-term support is at 1.0804, the 61.8% Fibonacci expansion, with a break below that exposing the 76.4% level at 1.0647. Alternatively, a reversal above the 50% Fib at 1.0930 clears the way for a test of the 38.2% expansion at 1.1056.
The available trading range is too narrow to justify entering a short trade in line with our long-term outlookfrom a risk/reward perspective. With that in mind, we will remain flat for now, waiting for price action to offer a more compelling opportunity down the road.
Bitcoin’s daily range hit a new yearly low of $2.60 dollars ($2.599 to be exact). With a high at $240.09 and a daily low at $237.50, this is the lowest daily range in dollars terms since May 18th 2014. Today’s range of $2.60 dollars narrowly beat out the May 17th 2015 range of $2.74. Here’s […]