Author: admin_mm

April 28
2007

EUR/USD Technical Analysis for 4/30—5/4

General trend: bearish.Floor pivot points:3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res1.3418___1.3480___1.3565___1.3627__1.3712___1.3774___1.3859Woodie’s pivot points:2nd Sup__1st Sup__Pivot____1st Res__2nd Res1.3486___1.3578___1.3633___1.3725__1.3780Camarilla pivot points:4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res1.3570___1.3611___1.3624___1.3638__1.3664___1.3678___1.3691___1.3732Tom DeMark’s pivot points:Resistance: 1.3743Support: 1.3596 Fibonacci retracement levels:100% — 1.368861,8% — 1.363250,0% — 1.361538,2% — 1.359723,6% — 1.357600,0% — 1.3541

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April 23
2007

Possible EUR/USD Reversal?

Jamie Saettele, Technical Currency Analyst of DialyFX suggests a soon EUR/USD reversal movement considering several Forex technical factors that can influence traders in the next few weeks. Saettele lists several Resistance levels which might appear to be quite impassible for EUR/USD bulls, while providing more in-depth technical analysis to prove his point. To read more of Jamie Saettele’s article DialyFX. I’ve tried to apply my own […]

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April 22
2007

EUR/USD Technical Analysis for 4/23—4/27

General trend: ranging.Floor pivot points:3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res1.3417___1.3470___1.3529___1.3582__1.3641___1.3694___1.3753Woodie’s pivot points:2nd Sup__1st Sup__Pivot____1st Res__2nd Res1.3472___1.3531___1.3584___1.3643__1.3696Camarilla pivot points:4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res1.3525___1.3556___1.3566___1.3577__1.3597___1.3608___1.3618___1.3649Tom DeMark’s pivot points:Resistance: 1.3612Support: 1.3500 Fibonacci retracement levels:100% — 1.363661,8% — 1.359350,0% — 1.358038,2% — 1.356723,6% — 1.355000,0% — 1.3524

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April 20
2007

LiteForex — a Really Good Forex Broker

EarnForex broker list was updated with a new Forex broker — LiteForex. This broker offers 3 very important opportunities for the new Forex traders: Metatrader 4 Forex platform — many has it, but it is really almost a must for a Forex broker. e-gold — as a funds deposit/waithdraw method. Only 1$ to open a mini Forex account — a really easy start for a Forex newbie, isn’t it? As to the disadvantages — LiteForex lacks […]

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April 19
2007

Marketiva Lowers Spreads

Marketiva has lowered its spreads for almost all Forex pairs. Now the spreads for all currency pairs traded on Marketiva are as follows (in pips):EUR/USD — 2USD/JPY — 3GBP/USD — 4USD/CHF — 4USD/CAD — 4AUD/USD — 4EUR/JPY — 4EUR/GBP — 3EUR/CHF — 4GBP/JPY — 8AUD/CAD — 10EUR/AUD — 10EUR/CAD — 10GBP/CHF — 8CHF/JPY — 5AUD/JPY — 5NZD/USD — 4Those are very competitive spreads in current Forex market, which makes Marketiva even more attractive as retail Forex broker.

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April 17
2007

Pound Breaks $2 Level

Today after CPI report came out to be higher than expected (Consumers Price Index in March (YoY) reached 3.1% against expected 2.8%), GBP/USD broke through the historical $2 level and is floating now in 2.0030–2.0070 range — the highest since 1981. Looks like bad times for USD have came. On the other hand it’s nearly a perfect time to enter long on USD, because the correction will certainly follow. […]

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April 17
2007

New Forex Broker — ForexYard

I’ve updated the list of Forex brokers to add another broker that accepts e-gold deposits and offers a trading through a Java based platform (along with a Windows platform) — ForexYard. I think — it’s good Forex broker for the new traders that do not want to download and install client trading software.

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April 16
2007

EUR/USD Reaches New 2 Year High

Today EUR/USD reached 1.3576 value — a 2 year high since the January 2005. It is currently at its 2 year resistance level. Breaking this resistance would result in EUR/USD going even farther — to 1.4000–1.4500 levels. But for now, USD is slightly gaining strength and rolling back 1.3350.

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April 15
2007

Muslim Forex Brokers

Tadawul FX — a special broker, which provides Forex trading through Metatrader 4 platform and offers special accounts for Muslim traders (with no overnight interest). You can get more information about this broker Tadawul FX.

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April 15
2007

Marketiva Investment Funds

Marketiva Forex broker now offers its clients to buy shares of several investment funds which are diversified in various assets. This is no doubt a positive addition to any Marketiva Forex broker members since now they can secure some of their trading money in these funds. Although such investment funds are risky, they are still a very nice opportunity for those who fail in traditional […]

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