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Bitcoin Stuck Between Double Top and Double Bottom

Bitcoin bounced off the important $330 figure again. Earlier today, BTC/USD rallied from $315 per coin to a high of $332.03 before retracing somewhat. We are currently quoted at $325 on BTC-E, $329 on BitStamp and $330 on OKCoin. The chart below shows the price action of the last few days, including the recent double […]

Top Trade Ideas

Top Trade Idea For December 19th, 2014 – USD/RUB

Russian Rouble Roulette It’s hard to go past the Russian rouble as the traders’ choice, given the extraordinary volatility. Extreme price movements demand traders respond with aggressive risk management, but the potential rewards for a good entry are attractive. Trading USD/RUB is not for the inexperienced. However, traders willing to adapt to the environment may […]

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 December 22nd,2014 – EUR/USD

  • EUR/USD Technical Strategy: Flat
  • Support: 1.2173, 1.2080, 1.1929
  • Resistance:1.2246, 1.2324, 1.2418

The Euro sank to a 28-month low against the US Dollar, with sellers now aiming to breach the 1.22 figure. A daily close below the 61.8% Fibonacci expansion at 1.2173 exposes the 76.4% level at 1.2080. Alternatively, a turn above the 50% Fib at 1.2249 opens the door for a challenge of the 38.2% expansion at 1.2324.

The available trading range is too narrow to justify a trade on the long or short side from a risk/reward perspective. With that in mind, we will remain on the sidelines for now and wait for a more actionable opportunity to present itself.

EUR/USD Technical Analysis: Aiming Below 1.22 Figure

Bitcoin

Bitcoin: BTC/USD Technical Analysis – 22nd December 2014

Bitcoin (BTC/USD) is trading higher today, currently at $326 on BTC-e. Earlier, it continued its choppy ways, spiking to over $332 on a sudden surge in volume to over 1000 BTC/hour. It was BTC’s highest point in six days, a difficult period which saw it nearly break $300. The sudden spike helped it overcome a recent aversion […]

Global Market Commentary

Chart Of The Day For December 22nd,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Flat Support: 1.2173, 1.2080, 1.1929 Resistance:1.2246, 1.2324, 1.2418 The Euro sank to a 28-month low against the US Dollar, with sellers now aiming to breach the 1.22 figure. A daily close below the 61.8% Fibonacci expansion at 1.2173 exposes the 76.4% level at 1.2080. Alternatively, a turn above the 50% Fib at 1.2249 opens the […]

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