Blog – Page 321

January 26
2008

Forex Technical Analysis for 01/2802/01 Week

EUR/USD trend: sell.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 98.3103 49.8734 98.3517 49.9148 98.3931 49.9562 98.4345 GBP/USD 1.8987 1.9162 1.9497 1.9672 2.0007 2.0182 2.0517 USD/JPY 102.27 103.62 105.18 106.53 108.09 109.44 111.00 EUR/JPY 145.84 148.98 152.84 155.98 […]

January 24
2008

Euro Rises as Dollar Weak on Average Releases

Today EUR/USD again showed a good level of gains, recovering from the major drop that was seen on Monday. It’s already up by almost 0.8% and is looking strong. The reason for this behavior lies in the good Eurozone fundamental data and average data from U.S. today. Initial jobless claims report for the last week showed an insignificant drop by 1,000 compared to previous 302,000 (which has been revised up from […]

January 24
2008

EUR/USD Close to 1.4 on Weak U.S. Fundamentals

EUR/USD rose today, advancing to the important psychological level at 1.4000, after the macroeconomic reports from U.S. failed to show something good for the dollar. The stock markets rose spurring confidence in the riskier assets, which is euro. EUR/USD is trading at 1.4001 now. Durable goods orders decreased by 1% in November after falling 8.4% in October (revised from 6.2%) — a 50/50 result considering a forecast drop of 3.1% for the […]

January 23
2008

Float New Addition to MT4 Indicators

One of my site’s visitors asked me about the MetaTrader 4 indicator called “Float“. So I’ve decided to find this one and add it to the MT4 indicators list I maintain. Now everyone can download this interesting indicator and try to use it in Forex trading. It is designed to detect big trend changes and the current trend ‘exhaustion level’. As the bonus it also shows the Fibonacci levels on the main chart window […]

January 22
2008

LiteForex Adds e-Bullion and Liberty Reserve

A good news from the LiteForex broker. Yesterday they announced that they are adding e-Bullion and Liberty Reserve on-line payment systems as the options to deposit funds into the Forex trading accounts. Although these systems are less popular than WebMoney or e-gold, which are already supported by LiteForex broker, it is a good addition for a Forex broker as it adds comfort to the traders’ necessary routines of accounting. Unfortunately it […]

January 21
2008

Mathematics of Money Management Forex E-Book

Now you can freely download another money management in trading related Forex book from my site â Mathematics of Money Management: Risk Analysis Techniques for Traders. It is written by Ralph Vince, the author of many books about the use of math in trading. Although this e-book is quite heavy on mathematics (calculus and statistics) it’s intended for the general readers â both for those that are fluent in numbers and those […]

January 19
2008

Forex Technical Analysis for 01/2101/25 Week

EUR/USD trend: sell.GBP/USD trend: sell.USD/JPY trend: sell.EUR/JPY trend: sell. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4167 1.4378 1.4499 1.4710 1.4831 1.5042 1.5163 GBP/USD 1.9169 1.9340 1.9447 1.9618 1.9725 1.9896 2.0003 USD/JPY 102.49 104.20 105.53 107.24 108.57 110.28 111.61 EUR/JPY 148.20 151.94 154.07 157.81 […]

January 18
2008

EUR/USD Down for 4th Day

Euro is dropping down against the U.S. dollar for the fourth day in a row now. Declining stock markets force traders to cash out into dollars, increasing the demand for them. Today’s fall is minimal (less than 20 pips), but still keeps euro from rising and dominating over the dollar as it has been doing in 2007. Leading indicators in U.S. released by the Conference Board showed a decrease in December by 0.2% […]

January 17
2008

Euro Tries to Regain Yesterday Loss

Euro tries to reclaim the pips it lost yesterday during one of the strongest falls of the recent days. Yesterday EUR/USD lost 152 pips or more than 1% of its rate. Today only a small recovering is seen with no more than 30 pips trailback, which can be easily accounted to the technical correction. Overall picture of the EUR/USD daily chart more and more reassembles the “head and shoulders” pattern. Some […]

January 16
2008

Euro Down Fastest Since December

EUR/USD unexpectedly fell today after the moderate fundamental statistics were released in the United States. This currency pair declined from 1.4803 opening price to 1.4656 making it the largest daily drop for EUR/USD since December 14. CPI (Consumer Price Index) in December showed a better than expected growth, increasing by 0.3% — still lower than in previous month (0.8%), but above the forecasted 0.2%. Net foreign purchases […]