Blog – Page 344

May 21
2007

EUR/USD New Lows

Today EUR/USD hit new monthly minimum at 1.3436 since April 12. The most probable reason for this dollar “mini-rally” is the U.S. bonds auction which provoked a lot of USD buying on Forex. Such auctions usually stimulate a demand for the U.S. currency and this time it helps to break the bullish daily EUR/USD trend.

May 21
2007

Additon to MT4 Expert Advisors

I’ve added a new expert advisor to MT4 Expert Advisors section of the site — new expert advisor. It’s my own EA based on FXOverEasy indicators, or more exactly — on their combo by Shimodax from StrategyBuilder forum. Actually this Forex expert advisor trades against FXOverEasy strategy, but it showed very good results on EUR/USD M15 chart. But be careful, it is quite risky, don’t trade the money […]

May 20
2007

EUR/USD Technical Analysis for 5/215/25

General trend: bearish.Floor pivot points:3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res1.3303___1.3384___1.3446___1.3527__1.3589___1.3670___1.3732Woodie’s pivot points:2nd Sup__1st Sup__Pivot____1st Res__2nd Res1.3379___1.3437___1.3522___1.3580__1.3665Camarilla pivot points:4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res1.3429___1.3469___1.3482___1.3495__1.3521___1.3534___1.3547___1.3587 Tom DeMark’s pivot points:Resistance: 1.3558Support: 1.3415Fibonacci retracement levels:100% — 1.360861,8% — 1.355350,0% — 1.353738,2% — 1.352023,6% — 1.349900,0% — 1.3465

May 20
2007

NorthFinance Adds New Currency Pairs

Northfinace Forex broker now allows trading a few more minor currency pairs: AUDDKK — Australian Dollar vs Danish Krone AUDPLN — Australian Dollar vs Polish Zloty CHFCAD — Swiss Franc vs Canadian Dollar EURHKD — Euro vs Hong Kong Dollar EURLVL — Euro vs Latvian Lats EURZAR — Euro vs South African Rand GBPDKK — Great Britan vs Danish Krone GBPNOK — Great Britan […]

May 17
2007

Forex Broker with a Wrong Name :-)

A new broker was added to the institutional Forex brokers list today — ECN broker. It doesn’t match its name (at least for Forex services), because it is a market maker broker, not an Electronic Communication Network broker. You’ll still have to pay your spreads (it offers average spreads) and won’t need to pay any commissions. The main reason why I’ve added this broker is that it […]

May 15
2007

CPI from US to Support Dollar?

Today the April U.S. CPI data cam out a bit higher than the market expected — 0.6% against 0.5%. A higher CPI data can mean a fast increase of the U.S. interest rate by the Fed, which in its turn gives USD a support to rally higher against other currencies. But all in all 0.1% difference can be not enough to significantly move the Forex market in any direction, so it’s better […]

May 13
2007

Serious Take on the Market Behavior

Today I’ve added a e-book that describes the influence of the Forex traders’ behavior, beliefs and psychology on the Forex market itself. The results of the study which is performed in this book indicate that: About 30% of Forex traders use mostly technical analysis. Macroeconimic news is reacted very fast to. Importance of individual macroeconomic parameters varies over the time. Fundamental economic parameters generally have a long term influence on Forex […]

May 12
2007

EUR/USD Technical Analysis for 5/145/18

General trend: slightly bearish or ranging.Floor pivot points:3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res1.3282___1.3372___1.3447___1.3537__1.3612___1.3702___1.3777Woodie’s pivot points:2nd Sup__1st Sup__Pivot____1st Res__2nd Res1.3368___1.3441___1.3533___1.3606__1.3698Camarilla pivot points:4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res1.3432___1.3478___1.3493___1.3508__1.3538___1.3553___1.3568___1.3614Tom DeMark’s pivot points:Resistance: 1.3574Support: 1.3409 Fibonacci retracement levels:100% — 1.362661,8% — 1.356350,0% — 1.354438,2% — 1.352423,6% — 1.350000,0% — 1.3461

May 10
2007

EUR/USD Reaches 1 Month Low

EUR/USD reached its one month minimum level today during a fast dollar rally that has been influenced strongly by the yesterday’s FOMC statements. Is it a bull trend break, or just a small correction before the new heights? The answer will lie in the next 2 weeks — the next one can be ranging, while the second — bearish, which will show Forex traders a new medium term trend for EUR/USD, […]

May 10
2007

BunnyGirl Forex Trading Strategy E-book

BunnyGirl — is one of the most popular technical Forex strategies. Although it may look simple — a system utilizing WMA cross, it has a lot of additional conditions and tricks that are necessary for a trader to succeed with this strategy. You can download a quite short e-book describing BunnyGirl strategy rules along with some most important FAQ about this system:BunnyGirl Forex Trading Strategy Rules and FAQ