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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 May, 2008

Forex Technical Analysis for 06/02—06/06 Week

May 31st, 2008

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.5049 1.5255 1.5405 1.5611 1.5761 1.5967 1.6117
GBP/USD 1.9540 1.9606

Dollar Stalls against Euro Today

May 30th, 2008

The  U. S. dollar was mainly unchanged today after the important fundamental statistics came out in the United States. Although there were moderate intraday swings up and down on EUR/USD, the currency pair is ending the day with just a little upside on Forex.

Personal income and

EUR/USD Continues to Fall on U.S. GDP Report

May 29th, 2008

EUR/USD made its biggest drop since May 7 today. The popular currency pair continued its decline that has started on Tuesday and will probably last until it reaches 1.5300-1.5400 levels. EUR/USD went down from 1.5647 to 1.5533.

Preliminary GDP for the first quarter of 2008 increased 0.9% — the …

Dollar Less Bullish After Bad Housing, Confidence Data

May 27th, 2008

U.S. dollar stopped its appreciation against euro and pound today after macroeconomical statistics was released today in U.S. Disappointing data stopped EUR/USD from going below 1.5700 level (which was a lowest level last Friday too) and the currency pair went up to 1.5731 from its daily …

Easy-Forex Launches Visual Trading Platform

May 26th, 2008

Easy-Forex introduced today its new trading platform — Visual Trading Platform. It’s still a browser-based (JavaScript/AJAX) application, but with an improved user interface and an extremely fast performance. It easily integrates trading, charting, news and alerts into one browser window. The abilities to calculate risk, position size …

InstaForex — MetaTrader Broker with PayPal

May 26th, 2008

InstaForex is a new MetaTrader 4 broker that was added to the list of Forex brokers on my site today. It offers a very big list of methods for funds transferring (including such convenient and popular methods as PayPal and WebMoney). They also have several trading account types by the …

Forex Technical Analysis for 05/26—05/30 Week

May 24th, 2008

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 1.5235 1.5361 1.5561 1.5687 1.5887 1.6013 1.6213
GBP/USD 1.9150 1.9302

A Lot of Forex Trading Tips

May 20th, 2008

Someone sent me an article yesterday, so today I’ve decided to put it up on my site. This article is called 133 Trading Tips and it really contains 133 tips on how to trade Forex. I don’t know how one could come up with so many tips to a Forex trader, but all of them really make sense (at least to me). You …

Trend Determination in Forex Trading

May 19th, 2008

Today I’ve uploaded a new free ebook to my site — it’s about determining the trend direction and its parameters using the standard technical indicators in any financial trading environment. Many trading strategies and tactics a based on the trend-following — determining the trend in a given market situation can be a focal point …

Forex Technical Analysis for 05/19—05/23 Week

May 17th, 2008

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 1.5191 1.5278 1.5427 1.5514 1.5663 1.5750 1.5899
GBP/USD 1.9142 1.9252
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