Blog – Page 306

July 25
2008

Trade Assistant Multi-Timeframe Forex Indicator

Trade Assistant is the second multi-timeframe indicator after TRO MultiPar, which Ive posted in April. Ive found this indicator on the forex-tsd.com forums; it was originally created and posted there by Tom Balfe. As with other multi-timeframe indicators it looks very nice and informative with the table output layout of the buy/sell signals. It can be attached to any timeframe chart and it works well with all currency pairs. […]

July 25
2008

Dollar Gains on Better Orders, Housing, Consumer Confidence

The U. S. dollar rose against the euro after the important statistics came out in U.S. today. Although the daily gain is almost absent, EUR/USD went significantly down from its daily maximum at 1.5753 after the news releases and is now trading near 1.5683 level. Durable goods orders rose unexpectedly in June — they gained 0.6% after 0% change in May and negative (-0.3%) forecast for […]

July 24
2008

EUR/USD Gains after Decline in Jobs, Home Sales

EUR/USD gained a little today, correcting from the previous daily drawdowns, after the jobless claims and existing home sales statistics was released today in the United States. Dollar was standing at a strong upward position on the Forex market for the last today, but today it reacted sharply on the fundamental data and after a high intraday volatility lost somewhat to euro. Initial jobless claims soared from 372k to 406k last week after consensus […]

July 23
2008

Reversing Forex Strategies and Expert Advisors

Many traders encountered strategies and expert advisors that produce highly stable loss as the result of their trading. The majority of those traders at least once considered a possibility of reversing the strategy/EA by switching the buy and sell orders, hoping to reverse the strategys results. In almost every case this tactic would fail and the results of the reversed expert advisor would be no better than before. […]

July 19
2008

Forex Technical Analysis for 07/21—07/25 Week

EUR/USD trend: sell. GBP/USD trend: sell. 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 1.5454 1.5609 1.5728 1.5883 1.6002 1.6157 1.6276 GBP/USD 1.9469 1.9641 1.9813 1.9985 2.0157 2.0329 2.0501 USD/JPY 101.45 102.60 104.78 105.93 108.11 109.26 111.44 EUR/JPY 162.31 […]

July 17
2008

Housing Sector Revival Causes Further Strengthening of USD

Dollar continued to grow today against its European counterpart as the housing construction data from U.S. appeared to be much better than expected. And although initial jobless claims and Philadelphia Fed index disappointed dollar bulls, EUR/USD went down from its daily high at 1.5893 to 1.5816 today. Housing starts were at 1,066k annual seasonally adjusted rate in June after 977k in May (revised up from 975k); […]

July 16
2008

Dollar Stronger after TIC and CPI Data

EUR/USD currency pair went down slowly on Forex today after the news releases regarding Treasury International Capital and Consumer Price Index came out in U.S. EUR/USD opened at 1.5911 and quickly formed an upward spike with a highest level at 1.5948, currently its trading at 1.5861. CPI gained 1.1% in June after 0.6% advance in May. The median analysts forecast for this month increase of the CPI […]

July 15
2008

Dollar at All-Time Low against Euro

The U. S. dollar reached its new all-time low against the European currency and is now trading just a little below that level. After some positive economic releases came out in U.S. dollar recovered slightly but is still trading in a very dangerous zone near 1.6000 level. The new maximum on EUR/USD is 1.6038. NY Empire State index posted an unexpected increase in June, going up from -8.7 to -4.9. […]

July 12
2008

Forex Technical Analysis for 07/14—07/18 Week

EUR/USD trend: buy. GBP/USD trend: buy. USD/JPY trend: sell. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5388 1.5499 1.5719 1.5830 1.6050 1.6161 1.6381 GBP/USD 1.9390 1.9519 1.9702 1.9831 2.0014 2.0143 2.0326 USD/JPY 103.25 104.45 105.36 106.56 107.47 108.67 109.58 EUR/JPY 165.32 […]

July 11
2008

Dollar Falls on Trade Balace and Budget Deficit Decrease

EUR/USD soared to the new highs near 1.5885 after the data on exports and imports was released in U.S. today. And, although the indicators came out better than expected, the dollar dropped at a very fast pace against all major Forex currencies. Import (excluding oil) and export (excluding agricultural) prices both grew by 0.9% in June. This growth followed 0.7% (revised up from 0.5%) […]