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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 April, 2010

In Defence of Forex Broker Reviews

April 30th, 2010

Two weeks ago, Yohay from ForexCrunch has published an interesting article on Forex broker reviews. But I’ve read it only today. It raises a very important issue and can be quite useful to many Forex traders. At the same time, it’s going too far …

EUR/USD Halts Growth After Bad U.S. GDP Report

April 30th, 2010

The euro went up against the U.S. dollar today but a portion of this growth was later erased by the not as good as expected fundamental values from U.S. The GDP growth report for the first quarter of this year showed the value below the forecast level. EUR/USD is now trading near 1.3310.

Advance …

Bollinger Bands on MACD for MetaTrader 5

April 29th, 2010

BB MACD indicator has been converted to be compatible with the MetaTrader 5 platform. It’s a simple visual Forex indicator that displays the Bollinger Bands on the custom MACD indicator, shown in the separate window of the chart. It wasn’t an easy MQL4->MQL5 conversion, mostly because of the lack of …OnArray() functions in the new MetaTrader. …

FOMC Says Nothing New, EUR/USD Trades Balanced

April 28th, 2010

EUR/USD traded with a great deal of the intraday volatility today, influenced by the expectations regarding Fed’s interest rate decision and Greek bailout. The currency pair was rising during the early trading session and decreasing later. It stabilized near slightly above its open level at 1.3188.

FOMC has decided to leave …

Dollar Strengthens on Improved Confidence

April 27th, 2010

EUR/USD went down today hitting its daily chart support level as the fundamental reports from the United States showed that the situation is improving there. Both consumer confidence and manufacturing sector continued to show a definite growth, surpassing even optimistic forecasts. The currency pair is now trading near …

MetaTrader 5 Strategy Tester Released

April 27th, 2010

MetaQuotes has announced a release of their long-awaited Strategy Tester tool for MetaTrader 5 Forex trading platform. It’s available in the build 268 (and higher) of the platform (it can be downloaded for free if you still haven’t done so). It’s still in a beta version and needs a lot of work on bugs and usability …

Forex Hunting or Forex Trading — New Broker

April 26th, 2010

ForexHunt is the newest Forex broker that was added to the list on EarnForex.com today. It’s quite an original broker that offers a lot of interesting trading contests, bonuses and promotions. It also has very favorable account opening and trading conditions ($1 minimum, medium spreads, multiple deposit options, MetaTrader …

Interview with InstaForex

April 25th, 2010

Due to numerous requests of the blog’s readers, I’ve asked InstaForex for an on-line interview. They’ve replied positively to my inquiry and their Director for Business Development, Vladimir Syrov, has answered some interesting questions regarding this Forex broker company. Now you can read this interview and receive some important answers …

Forex Technical Analysis for Week 04/26—04/30

April 24th, 2010

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.2894 1.3048 1.3216 1.3369 1.3537 1.3691 1.3858

EUR/USD Rises After Reaching New Low in a Year

April 23rd, 2010

EUR/USD continued its fall today during the early Forex trading session but then managed to go up above the opening level as Greece adopted a bail-out plan offered by the European Union. Fundamental reports were mixed today, with a huge surprise from the U.S. real estate market. The currency pair …

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