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Top Global Market Stories

Will Jackson Hole Be A Currency Event?

There’s chatter in the market that the two-day central bank symposium getting underway in Jackson Hole, Wyo., today could be a currency event, another type of Plaza Accord. Up until now, the market had been solely on the lookout for any hawkish comments from Federal Reserve Chair Janet Yellen’s presentation at the forum tomorrow to […]

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

Will Jackson Hole Be A Currency Event?

There’s chatter in the market that the two-day central bank symposium getting underway in Jackson Hole, Wyo., today could be a currency event, another type of Plaza Accord. Up until now, the market had been solely on the lookout for any hawkish comments from Federal Reserve Chair Janet Yellen’s presentation at the forum tomorrow to […]

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