Blog – Page 280

May 26
2009

EUR/USD Falls on Bad EU Statistics

EUR/USD declined today on the mainly negative fundamental data that came out from the Eurozone today, while the positive U.S. statistics didnt help the euro Forex bulls much. The currency pair is now trading near 1.3942. S&P/Case-Shiller seasonally adjusted home price index for the 20 U.S. states was reported with a year-to-year change of -18.69% in March, following -18.66% change in February. It was […]

May 24
2009

Trend Histogram Indicator for MetaTrader

Another nice indicator that is capable of detecting the trend changes and showing the current trends strength and direction was added to the list of MT4 indicators on my site. Its a histogram indicator, meaning that it doesnt trash your chart but rather displays itself in a separate window below the main chart window. Histogram uses lines to mark each bar of the chart directly below that bar. The red color […]

May 23
2009

Forex Technical Analysis for 05/25—05/29 Week

EUR/USD trend: hold. GBP/USD trend: hold. USD/JPY trend: buy. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3137 1.3299 1.3397 1.3559 1.3657 1.3819 1.3917 GBP/USD 1.4746 1.4902 1.5040 1.5196 1.5333 1.5489 1.5627 USD/JPY 89.55 92.14 93.66 96.25 97.78 100.36 101.89 EUR/JPY 119.11 […]

May 22
2009

Truth About Fibonacci Trading

The Truth About Fibonacci Trading by Bill Poulos is a new addition to my collection of the Forex trading books. Its a rather short e-book starting off with explaining the basics of the Fibonacci numbers and retracement levels and finishing with the real chart examples of both the Fibonacci retracement and extension levels. It helps you understand how to apply the Fibonaacci levels in your trading and what […]

May 21
2009

Another Small Gain for EUR/USD After 3 Days of Growth

EUR/USD posted a small insignificant gain today as the market participants couldnt sustain such a long bullish trend after three days of growth. Despite the fact that the economic indicators that come out in U.S. today were quite positive, EUR/USD is still trading only slightly above its open level. Its now trading near 1.3774. Initial jobless claims were at 631k last week after 643k […]

May 20
2009

EUR/USD Propels Through Resistance Level

EUR/USD rose for the third day in a row today and broke through the major resistance level that was located near 1.3735 rate. The market participants reacted on the surging oil prices. The currency pair is now trading near 1.3760. U.S. commercial crude oil inventories decreased for the second straight week (May 9 to May 15) as it was reported today — by 2.1 million barrels after 4.7 million […]

May 19
2009

No Demo Web-Based Platform from UFXBank

UFXBank was added to the Forex broker list on my site today. Its U.K./Cyprus Forex broker with a custom web-based trading platform, which supports some basic charting. The main problem with this broker is that they dont offer any demo accounts and the new traders should deposit at least $500 to try trading through their platform. Other features of UFXBank: 4 pips spreads on EUR/USD 1:200 leverage Gold trading […]

May 18
2009

Organize Your Forex Trading with Trade Journal

One of the most obvious and easy ways to improve your trading results and organize the whole Forex trading process is to use a trade journal to log every trade that you make. Its an almost unknown fact among Forex beginners, but even some experienced traders still trade without such journal. Of, course some trading styles or types of psychological characters of the traders arent compatible with keeping a journal, but 99% of traders may still […]

May 17
2009

Alma Forex and Its Easy Entry Requirements

Latest Forex broker that got listed on my site is Alma Forex — a really easy entry-level broker that supports MT4 trading platform and cent accounts. I call it an entry-level broker because even those who believe that Forex isnt something easily accessible can try it out by spending only several minutes and bucks. Thats a plus for the newbie traders but usually not enough for the serious professional traders. Other highlights of this broker: Up […]

May 16
2009

Forex Technical Analysis for 05/18—05/22 Week

EUR/USD trend: sell. GBP/USD trend: hold. USD/JPY trend: buy. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2908 1.3060 1.3346 1.3498 1.3784 1.3936 1.4223 GBP/USD 1.4548 1.4691 1.4960 1.5104 1.5373 1.5516 1.5785 USD/JPY 95.87 96.90 97.68 98.72 99.50 100.54 101.31 EUR/JPY 126.75 […]