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Top Global Market Stories

West TX Oil Around $47.50 on Global Glut Fears

U.S. crude futures fell towards $47.50 a barrel in early Asian trade on Wednesday, as worries about global oversupply outweighed the impact of stronger-than-expected U.S. demand for crude last week and a weaker dollar. U.S. crude for September delivery dropped 25 cents to $47.73 a barrel as of 0003 GMT, after ending the previous session […]

    Top Trade Ideas

    Top Trade Idea for July 28th, 2015 –XAU/USD

    Gold is trading at new lows, currently around the trendline connected from the start of 2014 where support can be found, especially if we consider the shape of an ending diagonal placed in fifth wave. That’s a very important reversal pattern that suggests a bounce in the second part of 2015 and maybe very strong […]

    MT4 Trading & Education

    How To Trade The Parabolic SAR in MT4

    Hi, this is Shaun Overton with and 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 July 28th ,2015 – EUR/USD

    • EUR/USD Technical Strategy: Flat
    • Support: 1.1047, 1.0955, 1.0899
    • Resistance:1.1121, 1.1195, 1.1287

    The Euro broke above a falling trend line set from mid-June, hinting an upside reversal against the US Dollarmay be in progress. Near term resistance is at 1.1121, the 50% Fibonacci retracement, with a break above that on a daily closing basis exposing the 61.8% level at 1.1195. Alternatively, a move back below the 38.2% Fib at 1.1047 clears the way for a test of the 23.6% retracement at 1.0955.

    Prices are wedged too closely between near-term support and resistance levels to justify taking a trade in line with our long-term outlook from a risk/reward perspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

    EUR/USD Technical Analysis: Down Trend Overturned?

    bitcoin brokers

    Bitcoin Prints New Highs, Progress Slow

    Bitcoin printed new highs today on most exchanges but progress remains slow. On BTC-E we opened at $286.96 then immediately rallied to a high of $289.97. From here we sold off to $284 dollars per coin but later in the day a new high of $289.99 was set, only to lead to another sell-off with […]

    Global Market Commentary

    EURUSD – Divergence at Major Resistance

    The euro is facing a big test as it attempts to maintain its recent momentum against the dollar and break through a major resistance level that would strongly call into question whether this pair could in fact hit parity by the end of the year, as some suspect.The first thing to note is the resistance […]

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