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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 March, 2009

Forex Technical Analysis for 03/23—03/27 Week

March 21st, 2009

EUR/USD trend: hold.
GBP/USD trend: hold.
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 1.2149 1.2498 1.3039 1.3388 1.3929 1.4278 1.4819
GBP/USD 1.3286 1.3574

MT4 Indicators Update

March 20th, 2009

I’ve updated the MT4 indicators section of the site. Each indicator now gets a separate page with the detailed description of the indicator, the explanation for each of its input parameters, the screenshot of the with the attached indicator and the basic trading system that can be used …

EUR/USD Continues Way Up on Yesterday News

March 19th, 2009

EUR/USD continued its seemingly unstoppable growth today after the Federal Reserve pledged to buy the U.S. treasuries with the printed money yesterday. The fundamental releases were quite mixed today and couldn’t affect the dollar’s fate. EUR/USD is now trading near 1.3698.

Initial jobless claims

EUR/USD Shoots Up as Fed Will Have to Print Money

March 18th, 2009

EUR/USD posted one of its biggest daily gains in history today as the FOMC’s press release stated that the Federal Reserve will have to buy the long-term U. S. Treasury securities worth of $300 billion and it means that the money will be printed. The perspective of the increased amount of dollars pushed …

EUR/USD Declines for the First Day in 6 after Housing Improves in U.S.

March 17th, 2009

EUR/USD unexpectedly declined for the first day in six after the housing report that was released in U.S. today showed that the American economy will probably be one of the first to recover from the crisis. The euro declined against the dollar in spite of the PPI …

EUR/USD Grows on Declining Demand for U.S. Treasuries

March 16th, 2009

EUR/USD went up today for a fifth day in a row after a strong weekly negative gap. The fundamental statistics that was released in U.S. today was extremely negative both for dollar and the global economy. EUR/USD now trades near 1.3003 after reaching as high as 1.3070 today.

NY Empire State

VPS Hosting that Helps the Forex Traders

March 15th, 2009

I’ve already written about VPS hosting and how it can help the Forex traders. Now I’ve added a separate section on the site that is dedicated solely to the VPS hosting from the view of the average trader. You’ll find the detailed descriptions of various VPS providers, you will be able …

Forex Technical Analysis for 03/16—03/20 Week

March 14th, 2009

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.2267 1.2411 1.2669 1.2813 1.3071 1.3215 1.3473
GBP/USD 1.3184 1.3418

January Trade Balance Report Doesn’t Help Dollar vs. Euro

March 13th, 2009

EUR/USD continued to grow for the fourth day today despite the better than expected U.S. trade balance deficit and the negative export/import price changes. EUR/USD is now trading near 1.2907 after reaching as high as 1.2956 earlier — the highest level since February 23.

Export prices fell by 0.1% …

Euro is Correcting against Dollar as Fundamentals Show Recession

March 12th, 2009

EUR/USD stopped growing today and the dollar gained slightly against the euro for the first time in three days after the fundamental reports from the United States showed that the world’s biggest economy is still in recession. Currently EUR/USD is trading near 1.2767 after reaching as low …

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