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Oil prices closed at 2015 highs on Tuesday after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports. U.S. crude oil closed up up $1.47, or 2.49 percent, at $60.40 a barrel. That was its highest settle since December 10. Brent crude oil climbed to a high of $68.40 a […]
Top Trade Ideas
Today’s Top Trade Idea: USDJPY BY ew-forecast.com USDJPY is trading sideways for almost past six months, so we assume that market is in a corrective phase. We see price trading in fourth wave which looks like a triangle pattern. That’s a continuation pattern, which could send price to new highs soon as we can count […]
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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 1.1148
- Support: 1.0982, 1.0793, 1.0487
- Resistance:1.1271, 1.1517, 1.1766
The Euro put in a bearish Evening Star candlestick pattern, hinting a move lower against the US Dollar may be in the cards. A daily close below the 14.6% Fibonacci expansion at 1.0982 exposes the 23.6% level at 1.0793. Alternatively, a push above the 38.2% Fib retracement at 1.1271 opens the door for a challenge of the 50% threshold at 1.1519.
We entered short EURUSD at 1.1148 in line with our long-term outlook, initially targeting 1.0982. A stop-loss will be triggered on a daily close above 1.1289. We will book half of the trade and move the stop-loss to breakeven when the first target is hit.
Bitcoin closed the day slightly down, after a sizable bounce near the end of the session. The initial leg down took BTC/USD to $232.72, before eventually closing at $236.05. This is about $2 dollars lower compared to the $237.98 open. The 4 hour chart below marks today’s trading session with a yellow rectangle. The price […]