EUR/USD reached its one month minimum level today during a fast dollar rally that has been influenced strongly by the yesterday’s FOMC statements. Is it a bull trend break, or just a small correction before the new heights? The answer will lie in the next 2 weeks — the next one can be ranging, while the second — bearish, which will show Forex traders a new medium term trend for EUR/USD, […]
Read moreBunnyGirl — is one of the most popular technical Forex strategies. Although it may look simple — a system utilizing WMA cross, it has a lot of additional conditions and tricks that are necessary for a trader to succeed with this strategy. You can download a quite short e-book describing BunnyGirl strategy rules along with some most important FAQ about this system:BunnyGirl Forex Trading Strategy Rules and FAQ
Read moreAfter retreating back down to under 1.3550 yesterday, EUR/USD is now slightly ranging while waiting for the FOMC statement (today, 19:15 GMT) — one of the most important and anticipated fundamental events in the Forex trading community. There is almost no doubt that the interest rates will be left intact (5.25% currently). But there are many speculations about what FOMC will say about U.S. economics, […]
Read moreI’ve added another two ECN Forex brokers which might be interesting for traders focused on scalping strategies: EFX Group — good for mini Forex trading, since they allow accounts from $400. Hotspot FX — big ECN broker for big Forex traders, no mini Forex, but excellent trading platform and services.
Read moreGeneral trend: bearish.Floor pivot points:3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res1.3379___1.3457___1.3523___1.3601__1.3667___1.3745___1.3811Woodie’s pivot points:2nd Sup__1st Sup__Pivot____1st Res__2nd Res1.3454___1.3518___1.3598___1.3662__1.3742Camarilla pivot points:4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res1.3511___1.3550___1.3564___1.3577__1.3603___1.3616___1.3630___1.3669Tom DeMark’s pivot points:Resistance: 1.3634Support: 1.3490 Fibonacci retracement levels:100% — 1.367861,8% — 1.362350,0% — 1.360638,2% — 1.358923,6% — 1.356800,0% — 1.3534
Read moreNew Forex strategy e-books are available for download from my site. Both books are more suited for Forex newbies than advanced traders, but are worth reading for both: Microtrading the 1 Minute Chart — it’s about scalping on the shortest term chart and it won’t mean a lot of new reading for experienced Forex traders. ICWR Forex Trading Strategy — this strategy e-book covers Impulsive/Corrective Waves Retracement strategy […]
Read moreThree new articles covering two different Forex trading aspects have been added to the Forex article section today. These aspects are getting Forex education and Forex technical analysis. All three articles are written by the same author — Sacha Tarkovsky and are very professional pieces of Forex information:FOREX Education — Thinking Of Buying FOREX Advice? Read This First — about how to stop yourself from buying something […]
Read moreEuro is floating in a rather tight range since it hit its new long term high at 1.3688 on 04/27. The corridor for EUR/USD seems to be established between 1.3670 and 1.3590 levels. Even poor fundamental data seen on Monday hasn’t provided any help for Euro in breaking the new record. Possible reasons for this I see in two factors. First — French elections, although their outcome is known with almost […]
Read moreAnother update to Forex brokers section of my site — 4 new descriptions of brokerage companies, each with their own advantages — Metatrader or e-gold, unique trading platform or stock market indices trading: FXEgypt Forex.CH Finotec Wester Capital Forex
Read moreEarnForex.com now features 8 Forex brokers lists each containing Forex brokers with a special property making it useful to some category of Forex traders. This will help you to find a good broker that would fulfill your needs more easily. The new 8 Forex broker lists are: MetaTrader 4 Forex Brokers Forex Brokers with Web-Based Platform Forex Brokers with Advanced Trading […]
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