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:
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:
General trend: bearish.
Floor pivot points:
3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res
1.3418___1.3480___1.3565___1.3627__1.3712___1.3774___1.3859
Woodie’s pivot points:
2nd Sup__1st Sup__Pivot____1st Res__2nd Res
1.3486___1.3578___1.3633___1.3725__1.3780
Camarilla pivot points:
4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res
1.3570___1.3611___1.3624___1.3638__1.3664___1.3678___1.3691___1.3732
Tom DeMark’s pivot points:
Resistance: 1.3743
Support: 1.3596
Fibonacci retracement levels:
100% - 1.3688
61,8% - 1.3632
50,0% - 1.3615
38,2% - 1.3597
23,6% - 1.3576
00,0% - 1.3541
General trend: ranging.
Floor pivot points:
3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res
1.3417___1.3470___1.3529___1.3582__1.3641___1.3694___1.3753
Woodie’s pivot points:
2nd Sup__1st Sup__Pivot____1st Res__2nd Res
1.3472___1.3531___1.3584___1.3643__1.3696
Camarilla pivot points:
4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res
1.3525___1.3556___1.3566___1.3577__1.3597___1.3608___1.3618___1.3649
Tom DeMark’s pivot points:
Resistance: 1.3612
Support: 1.3500
Fibonacci retracement levels:
100% - 1.3636
61,8% - 1.3593
50,0% - 1.3580
38,2% - 1.3567
23,6% - 1.3550
00,0% - 1.3524
EarnForex broker list was updated with a new Forex broker - LiteForex. This broker offers 3 very important opportunities for the new Forex traders:
As to the disadvantages - LiteForex lacks phone support and is only regulated on British Virgin Islands (which is not very serious for solid financial institutions).
Marketiva has lowered its spreads for almost all Forex pairs. Now the spreads for all currency pairs traded on Marketiva are as follows (in pips):
EUR/USD - 2
USD/JPY - 3
GBP/USD - 4
USD/CHF - 4
USD/CAD - 4
AUD/USD - 4
EUR/JPY - 4
EUR/GBP - 3
EUR/CHF - 4
GBP/JPY - 8
AUD/CAD - 10
EUR/AUD - 10
EUR/CAD - 10
GBP/CHF - 8
CHF/JPY - 5
AUD/JPY - 5
NZD/USD - 4
Those are very competitive spreads in current Forex market, which makes Marketiva even more attractive as retail Forex broker.
I’ve updated the list of Forex brokers to add another broker that accepts e-gold deposits and offers a trading through a Java based platform (along with a Windows platform) - ForexYard. I think - it’s good Forex broker for the new traders that do not want to download and install client trading software.
Today after CPI report came out to be higher than expected (Consumers Price Index in March (YoY) reached 3.1% against expected 2.8%), GBP/USD broke through the historical $2 level and is floating now in 2.0030-2.0070 range - the highest since 1981. Looks like bad times for USD have came. On the other hand it’s nearly a perfect time to enter long on USD, because the correction will certainly follow. Though, Forex market can’t be treated that simple.
Today EUR/USD reached 1.3576 value - a 2 year high since the January 2005. It is currently at its 2 year resistance level. Breaking this resistance would result in EUR/USD going even farther - to 1.4000-1.4500 levels. But for now, USD is slightly gaining strength and rolling back 1.3350.
