Top Global Market Stories
Fed: more talk and more data No June rate hike has the dollar under pressure European PMIs mixed, fragile recovery expected K. retail sales supports sterling There was nothing groundbreaking revealed yesterday in the April Federal Open Market Committee (FOMC) minutes. Market price action would suggest that it was an uninspired event ticking off most […]
Top Trade Ideas
This is the fashionable usdcad pair and I am both bullish and bearish on the pair as the current setup suggests the move to the downside is a so called double combination. If that is the case, then it means it is a three waves structure and three waves structures in the a wave position […]
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: 1.1059, 1.0934, 1.0808
- Resistance:1.1214, 1.1310, 1.1466
The Euro declined against the US Dollar as expected after negative RSI divergence hinted at ebbing upside momentum. A daily close below the 38.2% Fibonacci expansion at 1.1059 exposes the 50% level at 1.0934. Alternatively, a turn above the 23.6% Fib at 1.1214 opens the door for a challenge of the 14.6% expansion at 1.1310.
Prices are too close to support to justify entering short in line with our long-term outlookfrom a risk/reward perspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.
Bitcoin edged higher by 1 percent in today’s trading session. After opening at $233.77, BTC/USD slowly moved higher until it peaked at $237.28. one hour ago. We are currently trading not far from the highs at $236.30. We saw similar move higher on OKCoin. Here prices are quoted at $235.68 on the spot exchange and […]