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

Archive

Archive of Forex blog posts for May, 2009

Another Small Gain for EUR/USD After 3 Days of Growth

May 21st, 2009

EUR/USD posted a small insignificant gain today as the market participants couldn’t sustain such a long bullish trend after three days of growth. Despite the fact that the economic indicators that come out in U.S. today were quite positive, EUR/USD is still trading only slightly above its …

EUR/USD Propels Through Resistance Level

May 20th, 2009

EUR/USD rose for the third day in a row today and broke through the major resistance level that was located near 1.3735 rate. The market participants reacted on the surging oil prices. The currency pair is now trading near 1.3760.

U.S. commercial crude oil inventories

No Demo Web-Based Platform from UFXBank

May 19th, 2009

UFXBank was added to the Forex broker list on my site today. It’s U.K./Cyprus Forex broker with a custom web-based trading platform, which supports some basic charting. The main problem with this broker is that they don’t offer any demo accounts and the new traders should deposit …

Organize Your Forex Trading with Trade Journal

May 18th, 2009

One of the most obvious and easy ways to improve your trading results and organize the whole Forex trading process is to use a trade journal to log every trade that you make. It’s an almost unknown fact among Forex beginners, but even some experienced traders still trade without such journal. …

Alma Forex and Its Easy Entry Requirements

May 17th, 2009

Latest Forex broker that got listed on my site is Alma Forex — a really easy entry-level broker that supports MT4 trading platform and cent accounts. I call it an entry-level broker because even those who believe that Forex isn’t something easily accessible can try it out by spending only …

Forex Technical Analysis for 05/18—05/22 Week

May 16th, 2009

EUR/USD trend: sell.
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 1.2908 1.3060 1.3346 1.3498 1.3784 1.3936 1.4223
GBP/USD 1.4548 1.4691

EUR/USD Trades in Red After European GDP, Mixed U.S. Fundamentals

May 15th, 2009

EUR/USD was trading below its opening level for the whole day today as the poor GDP data was released in Europe, but managed to go up a little from the daily lows after the mixed fundamental statistics went out in United States. It’s now trading near 1.3572.…

Jobless Claims and PPI Rise, EUR/USD Still Down

May 14th, 2009

EUR/USD continued to fall today despite the increase of the producer price index in United States. The number of jobless also grew but that’s actually a negative factor for the euro and good for the dollar. EUR/USD is now trading near 1.3560. Both up and down moves were …

Win Hummer H3 with InstaForex

May 13th, 2009

A new long-lasting promotion campaign was announced by InstaForex broker today. They now offer a brand new Hummer H3 SUV to the random winner of the drawing. Anyone who deposits (or in any other way increases the account balance, e.g. by profiting from trading) at least $1,000 and registers for …

EUR/USD Falls as Retail Sales Continue Their Drop

May 13th, 2009

Euro fell today against the U.S. dollar as the retail sales unexpectedly continued to drop despite the increase of both import and export prices. Other global fundamental factors also pressed on the euro, helping the greenback to almost fully recover after a minor loss yesterday. EUR/USD …

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