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Bitcoin Retesting $270 Resistance

Bitcoin is retesting the $270 dollars resistance. On June 30th BTC/USD nearly hit this mark by trading as high as $269.30. The resulting bounce lower turned into a significant 7 percent retracement. But yesterday the losses ended as BTC hit important support at $250 dollars. Today we saw a resumption of the trend higher, with […]

Top Trade Ideas

Top Trade Idea for July 3rd, 2015 – Sell AUD/NZD

It’s been a lousy week for milk prices but arguably and even worse one for iron ore. This together with today’s soft Aussie retail sales figure has seen $A lose ground against the Kiwi from what looks as though it could be a significant turning point. Weekly Chart A longer term look at AUDNZD shows […]

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 July 2nd ,2015 – EUR/USD

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0964, 1.0818, 1.0682
  • Resistance:1.1054, 1.1127, 1.1199

The Euro is facing renewed downward pressure after soaring to close the weekly opening gap against the US Dollar. Near-term support is at 1.0964, the 76.4% Fibonacci retracement, with a break below that on a daily closing basis exposing the May 27 low at 1.0818. Alternatively, a reversal back above the 61.8% Fib at 1.1054 clears the way for a test of the 50% retracement at 1.1127.

The available trading range is too narrow to justify entering a trade in line with our long-term Euro outlookfrom a risk/reward perspective. With that in mind, we will remain flat for now, waiting for price action to offer a more compelling opportunity down the road.

EUR/USD Technical Analysis: Sellers Aim Below 1.10 Figure

Bitcoin

bitcoin brokers

Bitcoin Retesting $270 Resistance

Bitcoin is retesting the $270 dollars resistance. On June 30th BTC/USD nearly hit this mark by trading as high as $269.30. The resulting bounce lower turned into a significant 7 percent retracement. But yesterday the losses ended as BTC hit important support at $250 dollars. Today we saw a resumption of the trend higher, with […]

Global Market Commentary

Markets Temporarily Bulled up for NFP Headline

Market focus temporarily shifts from Greece to U.S. payrolls Investors expect strong NFP print after yesterday’s ADP Trading to be hampered by liquidity constraints Sweden’s Riksbank flatfoots market again This morning’s focus temporarily shifts from Greece to the U.S., where the granddaddy of economic indicators, the nonfarm payrolls (NFP) report, could give up a subtle […]

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