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My Forex experience and some Forex related information that might be useful to other traders

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Archive of Forex blog posts for September, 2007

Forex Technical Analysis for 10/01—10/05 Week

September 30th, 2007

EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: hold.

Floor Pivot Points:
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3908 1.3985 1.4125 1.4202 1.4342 1.4419 1.4559
GBP/USD 1.9804 1.9944

EUR/USD Reaches New Historical Maximums

September 25th, 2007

With the consumer confidence surveyed in this September fall beneath the level of 1985 (from 105.6 to 99.8) the U.S. dollar can’t hold its position and loses almost 100 pips on EUR/USD rallying it to a new historical maximum at 1.4154.

While mortgage problems in U.S.A. continue to crush real estate sector

EUR/USD — 1.4500 by the End of This Year?

September 24th, 2007

With the Fed’s rather predictable decision on interest rates cut by 0.50% September 18 (last Wednesday) dollar was doomed to cross the 1.4000 level (on EUR/USD). Its fall continued through all days left after the Fed’s statement release. Hitting historically high levels with the maximum at 1.4120, USD ended

Hedging Strategies in Forex Trading

September 23rd, 2007

Today I am presenting a new article about Forex trading — 100% Hedging Strategies. As the title suggests the whole article is dedicated to earning money on Forex via hedging different currency pairs and different interest rates. Author Yannis Karamanakis gives a simple list of steps needed to perform a successful hedging …

Forex Technical Analysis for 09/24—09/28 Week

September 23rd, 2007

EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: buy.

Floor Pivot Points:
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3615 1.3722 1.3906 1.4013 1.4197 1.4304 1.4488
GBP/USD 1.9648 1.9764

Forex Technical Analysis for 09/17—09/21 Week

September 15th, 2007

EUR/USD trend: buy.
GBP/USD trend: hold.
USD/JPY trend: sell.
EUR/JPY trend: hold.

Floor Pivot Points:
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3623 1.3695 1.3784 1.3856 1.3945 1.4017 1.4106
GBP/USD 1.9654 1.9854

Dollar Strengthens on Average Economic Data

September 14th, 2007

EUR/USD is closing below 1.3900 level after a major rally earlier this week. The main driver for the growth were the market expectations for the FOMC to lower the interest rates by at least 0.25% next week, while last two days’ correction can be a reflections of some less confident traders, that are

EUR/USD Stagnating After $116.9B U.S. Budget Deficit

September 13th, 2007

This week EUR/USD rallied to the new historically high levels breaking above 1.3900 level (and staying there for some time). Possible rate cuts series in the nearest future by Fed caused this dollar fall. Almost 75% of expert currency trading analysts questioned about Fed’s decision on 18th of September are

Daily Fozzy Method E-Book by Michael Dunbar

September 12th, 2007

A new e-book is now available for download from my site — it is called “The Daily Fozzy Method” (written by Michel Dunbar from http://www.forex-rewards.com). It describes a Forex trading strategy based on D1 timeframe with RSI, ATR and 28-EMA indicators. It is very simple to follow with the entry …

Forex Technical Analysis for 09/10—09/14 Week

September 8th, 2007

EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: hold.

Floor Pivot Points:
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3735 1.3458 1.3612 1.3705 1.3859 1.3952 1.4106
GBP/USD 2.0256 1.9937

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