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Forex Blog
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 March, 2008

DeltaStock — Bulgarian Forex Broker

March 31st, 2008

An interesting Forex broker reached my attention recently — DeltaStock. It’s a Bulgarian registered brokerage company, which is operating on the on-line Forex market since 2001. DeltaStock also offers CFD, metals, commodities and stocks (only Bulgarian companies) trading. It offers both fixed and variable spreads to choose …

Forex Technical Analysis for 03/31—04/04 Week

March 29th, 2008

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.4958 1.5149 1.5475 1.5666 1.5992 1.6183 1.6509
GBP/USD 1.9307 1.9533

Personal Income Sends Dollar Up

March 28th, 2008

The U. S. dollar gained against the euro and the pound today after the release on personal income and spending came out. EUR/USD fell down from 1.5813 to 1.5761, while GBP/USD slid down from 2.0071 to 1.9947.

Personal income rose …

GDP Stats Support Dollar

March 27th, 2008

EUR/USD turned to a mainly bearish trend after the GDP and unemployment statistics were released in U.S. today at 8:30 EST. Dollar went up from 1.5845 to 1.5750 dollars per euro.

The gross domestic product in the fourth quarter of 2007 gained 0.6% as was forecasted by the major market analysts and the previous …

EUR/USD Still Grows Today

March 26th, 2008

EUR/USD gained more than 100 pips today as it continued to grow on Forex before and after the fundamental news releases in U.S. Some of those releases were rather neutral, while one was particularly bad. Although EUR/USD descended from its historical maximums it is now starting to return to the bullish …

New Life of Sample Expert Advisor

March 25th, 2008

Today’s update to the MetaTrader expert advisors on my site isn’t very original. For many people MACD Sample expert advisor was the first EA that they tried on the MT4 strategy tester. It’s a well known sample advisor from MetaQuotes, designed to show the basic Forex strategy implementation for the …

GFS Forex & Futures — New Broker on My Site

March 23rd, 2008

A new Forex broker was added to the list of PayPal Forex brokers on my site today — GFS Forex & Futures. Apart from having the long name and accepting PayPal as one of the funds transferring methods this broker can boast being a registered member of …

Forex Technical Analysis for 03/24—03/28 Week

March 22nd, 2008

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.4742 1.5069 1.5250 1.5577 1.5758 1.6085 1.6266
GBP/USD 1.9074 1.9405

FX Wizard — Forex Trading Book of Rules

March 21st, 2008

A new addition to my strategy Forex e-books collection arrived today and now can be downloaded by everyone — it’s FX Wizard by Rob Walton. This e-book is about almost everything that is connected to the successful Forex trading — basic money management, discipline, the overall systematic behavior of the trader and, …

Dollar Reverses Previous Losses

March 20th, 2008

EUR/USD reversed almost fully its previous weekly earnings today. It fell from 1.5642 to 1.5419 — that’s more than 1.4% in a single day. The euro, being fundamentally overbought, was doomed to a correction. But such a fast drop can mean something more than a short-term correction wave. Though the fundamental …

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