Blog – Page 34 – The Plot

May 8
2016

Forex Brokers Update — May 8th, 2016

Not much to report this week. One new company has been listed during the period: Hadwins — a British FCA-regulated broker with MetaTrader 4 platform, $50 minimum account size and 1:100 leverage. Only Forex instruments are available for trading. Hadwins Only one other broker has been updated during the same week: Vantage FX now applies interest rate on funds help by traders on broker’s accounts. […]

May 7
2016

Weekly Forex Technical Analysis (May 9 — May 13)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1089 1.1237 1.1319 1.1467 1.1549 1.1698 1.1780 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1221 1.1286 1.1451 1.1516 1.1681 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

May 6
2016

EUR/USD Ends Trading Flat After Surge on NFP

The major event today was the release of nonfarm payrolls, which turned out to be disappointing somewhat due the smaller-than-expected increase of employment. As one could expect, EUR/USD surged after the release. Yet not everything was bad in the report, allowing the dollar to slowly regain its ground. And as a result, the currency pair ended the trading session basically at the same level it had opened. Nonfarm payrolls rose by 160k in April, trailing the analysts’ […]

May 5
2016

New List of Brokers — High-Leverage Ones

It is a common wisdom in the markets that trading with a high leverage can be dangerous. It is also obvious that huge leverage offered by the Forex brokers is one of the most prominent advantages of the online foreign exchange market. It allows controlling large positions with relatively small amounts of funds. The daily rate fluctuations in major currency pairs are very low when compared to such trading […]

May 4
2016

EUR/USD Trades Mostly Sideways

Today, EUR/USD was meandering without a clear direction. Most of economic reports released from the United States during the trading session were good. But among the bad ones was the very important employment report that overshadowed better macroeconomic indicators, preventing the dollar from moving higher. Now, traders are concerned that nonfarm payrolls released later this week may also come out weaker than […]

May 3
2016

E-Book Review: An Introduction to Japanese Candlestick Charting

Japanese candlestick charts have become a staple trading tool since a long time ago. had been written by Erik Gebhard of Altavest quite some time before that (in the year 2000). Nevertheless, this e-book can still serve as a primer for newbie traders on the Japanese candles and on the patterns based on them. The whole e-book is just 14 pages long, so there is not much to review in it really. Of course, […]

May 2
2016

Rally of EUR/USD Looks Unstoppable

EUR/USD was rising every single session of the previous trading week, and it looks like the currency pair is not going to stop the rally this week as well. US economic data added fuel to the upward movement as all indicators released today were below expectations. Markit manufacturing PMI fell from 51.5 to 50.8 in April according to the final estimate, which was unchanged from the flash one. That is […]

May 1
2016

Forex Brokers Update — May 1st, 2016

Just a few minor updates to the brokers this week: AvaTrade now accepts Neteller, PayPal, Skrill, and WebMoney deposits. FXPRIMUS added Arabic version of its website. PaxForex removed FixSpread account type and lowered spreads somewhat in Mini accounts. AAFX Trading added personal managers and affiliate program. They no longer require mailing of paper documents to finalize account opening. Added MT4 demo accounts. If you have […]

May 1
2016

Euro in Symmetrical Triangle Consolidation vs. New Zealand Dollar

A symmetrical triangle has formed on a weekly chart of the EUR/NZD currency pair. It is not a perfect example of such pattern because the upper slope is a bit steeper than the lower one. Nevertheless, it can serve as a good breakout entry setup considering the fact that it acts as a consolidation funnel following a rather strong uptrend wave. It is a long-term pattern — the base of the triangle is in September 2015, so […]

April 30
2016

Weekly Forex Technical Analysis (May 2 — May 6)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1046 1.1130 1.1290 1.1375 1.1535 1.1619 1.1779 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1149 1.1328 1.1394 1.1573 1.1638 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]