Now you can download two more excellent Forex e-books about a role of the traders’ psychology in their success or failure (which is without a doubt a more often case). These e-books are not very big or complicated, just an hour of interesting and useful Forex reading:
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FOMC (Federal Open Market Committee) released its May 9 meeting Minutes on Wednesday, May 30. As it has been known since May 9 the conclusion of the meeting states that the inflation remains the main concern for the FOMC, while in future FOMC will outlook both inflation and economic growth.…
Euro showed a really fast and heart-breaking (for some traders at least) rally of 100 pips today before the major daily fundamental event — May Consumer Confidence Index. After hitting its resistance level at 1.3517 EUR/USD calmed down a bit rolling back to 1.3500 level. May Consumer Confidence Index…
The topic of Forex trading prohibition in Islam is vast and controversial. Many points of view exist on different aspects of on-line Forex trading including — spot trading, futures and options trading, margin trading, overnight interest, etc. The majority of the Islamic jurists agrees that Forex trading can comply with Sharia…
Another Forex broker added to the list — PFG Forex — an on-line brokerage company operated by Peregrine Financial Group (founded in 1980). This Forex broker is registered with CFTC and is a member of National Futures Association. The good thing about it is that it’s “only” $1,000 minimum account while…
General trend: bearish or ranging.
Floor pivot points:
3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res
1.3272___1.3341___1.3392___1.3461__1.3512___1.3581___1.3632
Woodie’s pivot points:
2nd Sup__1st Sup__Pivot____1st Res__2nd Res
1.3337___1.3382___1.3457___1.3502__1.3577
Camarilla pivot points:
4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res
1.3376___1.3409___1.3420___1.3431__1.3453___1.3464___1.3475___1.3508
Tom DeMark’s pivot points:
Resistance: 1.3486
Support: 1.3366
Fibonacci retracement levels:
100% — 1.3531
61,8% — 1.3485
50,0% — 1.3471
38,2% —…
Forex market was quite predictable today after the data on the Existing Home Sales for April came in 15:00 GMT. This macroeconomic indicator showed very poor results — 5.99 millions against 6.13 millions expected (and 6.15 millions in March). After these data came out EUR/USD gained nearly 50…
EUR/USD touched new its new monthly low at 1.3416. That was a very important movement for Euro bears, but the currency pair bounced back up to high 1.3500 very soon and then flattened down to 1.3460 — showing its volatile nature. Nevertheless, mid-term trend for EUR/USD can be seen…
I’ve added a new expert advisor to MT4 Expert Advisors section of the site — myfxovereasy Expert Advisor + FXOverEasy Indicators. 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…
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…
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