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Top Global Market Stories

Week in FX Europe – Sterling Bulls and Russian Bears Remain Active

Scottish “No” picks up momentum Sterling tries to fill in plummeting gap Russian Bear is not endangered Sterling is closing out the week holding on to its late Thursday’s gains (£1.6250) after another poll on Friday morning revealed a stronger “No” count for Scottish independence. The September 11 Survation online poll for the Daily Record […]

Top Trade Ideas

Top Trade Idea For September 15th, 2014 – EUR/USD

Last week, we recommended a USD/CHF long towards 0.9350 on a fourth wave pullback. While our target was reached, price didn’t pull back enough to trigger the entry. This time, we’ve waited for a euro fourth wave pullback to end and have designed a short trade around it. This one-hour chart includes a simple Elliott […]

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 15th,2014-EUR/USD

  • EUR/USD Technical Strategy: Short at1.3644
  • Support: 1.2864, 1.2794, 1.2708
  • Resistance:1.2981, 1.3057, 1.3104

 The Euro may be carving out a near-term bottom against the US Dollar after producing a bullish Piercing Line candlestick pattern. A daily close above the 14.6% Fibonacci retracementat 1.2981 exposes the 23.6% level at 1.3057. Alternatively, a turn below the 50% Fib expansion at 1.2864 opens the door for a test of the 61.8% threshold at 1.2794.

 We entered short EURUSD at 1.3644 in line with our long-term fundamental outlook and have sincebooked profit on half of the position. The rest remains open to capture any further downside momentumwith a stop-loss at 1.3583, our initial objective.

EUR/USD Technical Analysis: Bottom Set Above 1.28 Mark?

Bitcoin

bitcoin brokers

Bitcoin Swap Passes Regulatory Scrutiny

Bitcoin is still stuck inside the congestion area between $460 and $485. This is now the 10th day of range-bound trading. In the past 24 hours, BTC/USD fell to a daily low of $464.94 only to bounce right back above the $470 mark two hours later. One coin is currently selling for $470 on BTC-E, […]

Global Market Commentary

Top Trade Idea For September 15th, 2014 – EUR/USD

Last week, we recommended a USD/CHF long towards 0.9350 on a fourth wave pullback. While our target was reached, price didn’t pull back enough to trigger the entry. This time, we’ve waited for a euro fourth wave pullback to end and have designed a short trade around it. This one-hour chart includes a simple Elliott […]

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