Blog – Page 345

May 9
2007

EUR/USD Ranging Before FOMC Meeting Today

After retreating back down to under 1.3550 yesterday, EUR/USD is now slightly ranging while waiting for the FOMC statement (today, 19:15 GMT) — one of the most important and anticipated fundamental events in the Forex trading community. There is almost no doubt that the interest rates will be left intact (5.25% currently). But there are many speculations about what FOMC will say about U.S. economics, […]

May 8
2007

EFX Group and Hotspot FX ECN Forex Brokers

I’ve added another two ECN Forex brokers which might be interesting for traders focused on scalping strategies: EFX Group — good for mini Forex trading, since they allow accounts from $400. Hotspot FX — big ECN broker for big Forex traders, no mini Forex, but excellent trading platform and services.

May 5
2007

EUR/USD Technical Analysis for 5/75/11

General trend: bearish.Floor pivot points:3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res1.3379___1.3457___1.3523___1.3601__1.3667___1.3745___1.3811Woodie’s pivot points:2nd Sup__1st Sup__Pivot____1st Res__2nd Res1.3454___1.3518___1.3598___1.3662__1.3742Camarilla pivot points:4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res1.3511___1.3550___1.3564___1.3577__1.3603___1.3616___1.3630___1.3669Tom DeMark’s pivot points:Resistance: 1.3634Support: 1.3490 Fibonacci retracement levels:100% — 1.367861,8% — 1.362350,0% — 1.360638,2% — 1.358923,6% — 1.356800,0% — 1.3534

May 4
2007

Forex Strategy Books

New Forex strategy e-books are available for download from my site. Both books are more suited for Forex newbies than advanced traders, but are worth reading for both: Microtrading the 1 Minute Chart — it’s about scalping on the shortest term chart and it won’t mean a lot of new reading for experienced Forex traders. ICWR Forex Trading Strategy — this strategy e-book covers Impulsive/Corrective Waves Retracement strategy […]

May 3
2007

3 New Forex Articles

Three new articles covering two different Forex trading aspects have been added to the Forex article section today. These aspects are getting Forex education and Forex technical analysis. All three articles are written by the same author — Sacha Tarkovsky and are very professional pieces of Forex information:FOREX Education — Thinking Of Buying FOREX Advice? Read This First — about how to stop yourself from buying something […]

May 1
2007

Euro Unsure in Front of New Records?

Euro is floating in a rather tight range since it hit its new long term high at 1.3688 on 04/27. The corridor for EUR/USD seems to be established between 1.3670 and 1.3590 levels. Even poor fundamental data seen on Monday hasn’t provided any help for Euro in breaking the new record. Possible reasons for this I see in two factors. First — French elections, although their outcome is known with almost […]

April 30
2007

4 New Forex Brokers Descriptions

Another update to Forex brokers section of my site — 4 new descriptions of brokerage companies, each with their own advantages — Metatrader or e-gold, unique trading platform or stock market indices trading: FXEgypt Forex.CH Finotec Wester Capital Forex

April 29
2007

8 Forex Brokers Lists

EarnForex.com now features 8 Forex brokers lists each containing Forex brokers with a special property making it useful to some category of Forex traders. This will help you to find a good broker that would fulfill your needs more easily. The new 8 Forex broker lists are: MetaTrader 4 Forex Brokers Forex Brokers with Web-Based Platform Forex Brokers with Advanced Trading […]

April 28
2007

EUR/USD Technical Analysis for 4/305/4

General trend: bearish.Floor pivot points:3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res1.3418___1.3480___1.3565___1.3627__1.3712___1.3774___1.3859Woodie’s pivot points:2nd Sup__1st Sup__Pivot____1st Res__2nd Res1.3486___1.3578___1.3633___1.3725__1.3780Camarilla pivot points:4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res1.3570___1.3611___1.3624___1.3638__1.3664___1.3678___1.3691___1.3732Tom DeMark’s pivot points:Resistance: 1.3743Support: 1.3596 Fibonacci retracement levels:100% — 1.368861,8% — 1.363250,0% — 1.361538,2% — 1.359723,6% — 1.357600,0% — 1.3541

April 23
2007

Possible EUR/USD Reversal?

Jamie Saettele, Technical Currency Analyst of DialyFX suggests a soon EUR/USD reversal movement considering several Forex technical factors that can influence traders in the next few weeks. Saettele lists several Resistance levels which might appear to be quite impassible for EUR/USD bulls, while providing more in-depth technical analysis to prove his point. To read more of Jamie Saettele’s article DialyFX. I’ve tried to apply my own […]