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Day: September 19, 2009
September 192009
Brazilian Real Rises on Foreign Investment
The Brazilian currency ended a third week of straight gains versus the greenback, the pound and several other major currencies as optimism and risk appetite is pushing traders to inject money in South America’s wealthiest economy. A new wave of positive reports moved markets this week, causing equities and commodities to rise globally, favoring the outlook for the Brazilian currency and economy, since most of the nation’s exports are commodity-based, influencing the real’s performance as demand fluctuates. […]
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September 192009
Forex Technical Analysis for 09/2109/25 Week
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4037 1.4169 1.4369 1.4501 1.4701 1.4833 1.5033 GBP/USD 1.5985 1.6153 1.6404 1.6572 1.6823 1.6992 1.7243 USD/JPY 86.42 88.31 89.51 91.40 92.59 94.49 95.68 EUR/JPY 128.16 […]
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September 192009
Paid Forex Robots — Why I Avoid Them?
Why to avoid paid Forex robots or expert advisors? There are several reasons but most obvious one is quite simple — they don’t work as advertised. First, let’s get straight with the definitions — Forex robots are the same as the automated expert advisors, they are some trading strategies (sometimes advanced, sometimes not) embedded into a program code, which is most often intended for the MetaTrader 4 […]
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