Blog – Page 285

April 6
2009

LiteForex Announces Special Promotion for Certain Countries

LiteForex broker announced a promotion campaign for the Forex traders from the following list of countries: U.S., Nigeria, Brazil, Thailand, Malaysia, Indonesia and Russia. Anyone who opens account between the April 1st to June 30th, makes his first deposit and applies for participation in the campaign will receive 10% bonus on their deposit (up to $10,000). The profit from the trading with this […]

April 5
2009

Japanese Candlestick Patterns

Many traders ask me for the detailed descriptions of the Japanese candlestick patterns that are detected by the MT4 indicator Pattern Recognition Master. So, here is the list of the patterns that it can recognize with the corresponding chart pictures and signal descriptions: Bearish patterns Shooting star. Can signal an end of the bullish trend. Should be confirmed by other patterns. The longer the shadow the stronger the signal. Evening star. Acts as a stronger trend reversal signal. Note that […]

April 4
2009

Forex Technical Analysis for 04/06—04/10 Week

EUR/USD trend: buy. GBP/USD trend: buy. 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 1.2820 1.2966 1.3225 1.3371 1.3629 1.3775 1.4034 GBP/USD 1.3615 1.3862 1.4351 1.4598 1.5087 1.5335 1.5823 USD/JPY 93.03 94.50 97.41 98.89 101.79 103.27 106.17 EUR/JPY 120.47 […]

April 3
2009

EUR/USD Falls Deeper to Nonfarm Payrolls Decline

Euro was trading in the red zone against the dollar for the major part of the todays trading session but immediately after the report on the U.S. employment sector was released, the EUR/USD currency pair hastened down considerably. Currently its trading near 1.3400. Nonfarm payrolls fell by 663k in March, following Februarys drop by 651k. The payrolls were expected to fall by 658k. Unemployment rate rose […]

April 2
2009

Euro Peaks High against Dollar as Rate Cut is Slow

EUR/USD rose at a very fast pace today, posting the biggest daily gain since March 18 so far. Mixed news on the U.S. fundamental indicators didnt affect the trading much as the Forex traders looked at the ECBs rate cutting action. EUR/USD is currently trading near 1.3413. Last week initial jobless claims were reported at 669k, which is 12k above than 657k (revised up from 652k). Traders expected […]

April 1
2009

Forex Market is Closing Down

Some people predicted it long ago, but no one really believed it until today. It was announced by the BIS (Bank for International Settlements), IMF (International Monetary Fund) and the world’s leading private banking institutions that the traditional Forex market is going to be closed very soon. The retail Forex market attracted to much attention from the general public, creating riches for some and making others poor. It was decided that all on-line Forex brokers […]

April 1
2009

EUR/USD Down Slightly after Series of Reports

EUR/USD fell from 1.3242 to 1.3222 (only 20 pips) today. The news reports from U.S. were mixed, but they were bad enough to destroy the market optimism and shift the focus on the Forex from the dollars weakness to tomorrows ECB rate decision. According to ADP report, the private nonfarm employment declined by 742k in March after falling by 706k in February (revised down from 697k). The report was […]

March 31
2009

EUR/USD Slows Down but Still Up After Consumer and Manufacturing Confidence Reports

EUR/USD rose today in a correction movement after three days of declining. Dollar was hurt by the unexpectedly revived interest in the stock markets and even the not-so-good reports released today couldnt make euro to fall against it. EUR/USD is now trading near 1.3238. Consumer confidence index rose from 25.3 to 26 in March — lower than the traders have expected (27). Chicago PMI index went down from […]

March 30
2009

ellict Another Indonesian VPS

ellict is the Indonesian MetaTrader VPS hosting company active on-line since 2007. I added to the list of VPS providers on my site today. It provides pre-installed MetaTrader platforms for any Forex broker you choose and doesnt limit your monthly bandwidth for the platform. Its also very cheap — just $32.50/month. Other ellicts highlights include: Pay via PayPal, WebMoney and Liberty Reserve $5.50 for a 1 week trial period […]

March 29
2009

JFOC Network Solutions VPS Hosting Update

JFOC is the first VPS hosting provider which description has been added to my site since I created a special section for the MetaTrader VPS hosting companies. JFOC is an Indonesian hosting company, which provides servers in the United States. JFOCs highlights include: Unix-based OS on the servers PayPal as a payment system Starters plan from $38 Additional fees for domain or a dedicated IP address No pre-installed MT4