Archive

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

…

EUR/USD fell slightly today as the U.S. nonfarm payrolls report missed the quite optimistic forecast of the traders. The overall daily trading range remains rather compact today and the current drop may still be considered as some end-of-the-week technical correction after crazy fast growth on Wednesday. EUR/USD pair is currently …

VarMovAvg is the 4th indicator that I’ve converted from MT4 to MT5. It was quite easy and the resulting code is now much simpler and faster than it was in MQL4. This indicator is great for trend detection and I recommend you downloading it to try in MT5 beta testing. While …

If you are interested in learning more about various chart patterns that can be used in Forex trading or need to gain some basic knowledge on some simple technical indicators, then the latest free e-book that was added to my site today is for you. It gives a detailed description …

EUR/USD failed to to demonstrate a technical correction after the yesterday’s record fast growth, as some more good data on the employment market came out in U.S. today. During the early trading session, a downward movement was rather significant in euro/dollar market but the pair quickly recovered after the reports were released. EUR/USD …

EUR/USD showed the biggest daily growth since early September today and reached a new weekly high as the Federal reserve released a very optimistic monetary policy statement, citing faster recovery and lower inflation, which still allows interest rates as low as they are now. Although the amount of planned purchase of the debt …

FXG Bank (or FX Global Bank) is a new Forex broker that was added to the list of brokers on my site today. Despite the word “bank” in its title, it’s based in BVI and is still unregulated. But, in my opinion, that doesn’t matter much — lately, Forex brokers like to take some …

I’ve added a new Forex strategy to the site today. It’s called MACD Divergence Strategy and is based on the phenomenon of divergence between the chart trend and the trend inside the MACD indicator window. It’s a nice strategy if you like to use the standard indicators and want to catch pull-backs on trend reversals. But it …

Today I’ve added a rather mundane Forex broker to my site — OneCorpFX. Little can be found out about it from its site and it’s also not very popular in the Internet. The broker is so ordinary that there is nothing interesting can be said about. Definitely, …

EUR/USD rallied on the Forex market today after a series of macroeconomic reports were released in the United States. Both housing and manufacturing sectors showed some better-than-expected results and helped the euro to grow up against the U.S. dollar. Stock markets reacted with a more than 1% growth. EUR/USD is currently trading …