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Bitcoin Climbs Above $500, US Judge Says BTC is ”Clearly Money”

Bitcoin has managed to climb above the $500 support level mentioned in our previous daily roundup. Prices should now remain supported by the this figure, at least in the near term. Yesterday BTC rallied 27 dollars, from $474 to $500. During today’s morning session bitcoin continued the rally upward, hitting a daily high of $528. […]

Top Trade Ideas

Top Trade Idea For August 21st, 2014 – EURUSD

It is a while now since we looked at the eurusd pair and it is time to see what recent moves indicate for the short/medium term. From the moment the pair almost touched the 1.40 level price new nothing but the downside with some vicious moves, leaving bulls not the slightest chance to exit a […]

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 August 21th ,2014 -EUR/USD

  • EUR/USD Technical Strategy: Short at 1.3644
  • Support: 1.3248, 1.3195-204, 1.3151
  • Resistance:1.3291, 1.3345, 1.3432

 

The Euro accelerated downward against the US Dollar after carving out a Triangle chart formation, hitting the lowest level in 11 months. A daily close below the 50% Fibonacci expansion at 1.3248 exposes the 1.3195-1.3204 area, marked by the 61.8% level and a falling channel floor. Alternatively, a turn above the 38.2% Fib expansion at 1.3291 opens the door for a test of the 23.6% threshold at 1.3345.

We sold EURUSD at 1.3644 in line with our long-term fundamental outlook and have since booked profit on half of the position. The rest remains open to capture continued downside momentum. The stop-loss is now at breakeven level.

EUR/USD Technical Analysis: Holding Short at 11-Month Low

 

Bitcoin

Bitcoin: BTC/USD Technical Analysis –21st August 2014

In short, it’s a tough call. There are factors pointing in both directions. BTC/USD is coming off a rise of 10% within 24h and a 67% recovery from its flash crash to $309 on BTC-e. The question is if the rally is slowing down and Bitcoin settling for the mid-term, effectively doing enough justice to mirror the pace and […]

Global Market Commentary

Top Trade Idea For August 21st, 2014 – EURUSD

It is a while now since we looked at the eurusd pair and it is time to see what recent moves indicate for the short/medium term. From the moment the pair almost touched the 1.40 level price new nothing but the downside with some vicious moves, leaving bulls not the slightest chance to exit a […]

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