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EUR/USD currency pair was rising this trading session but began to decline after reports showed that home prices and consumer confidence increased more than expected. The dollar weakened previously as a report showed that US personal income rose less than analysts estimated. EUR/USD is currently …
Sometimes a collective mind of Forex traders produce better forecasts than the analysts do. And since EUR/USD is the most popular currency pair nowadays, I’d like to check this hypothesis but asking the readers (you) of where do they see this pair before the end of 2010. The poll will be …
EUR/USD trend: hold.
GBP/USD trend: hold.
USD/JPY trend: buy.
EUR/JPY trend: buy.
GBP/JPY trend: buy.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.2448 | 1.2518 | 1.2639 | 1.2709 | 1.2830 | 1.2900 | 1.3022 |
EUR/USD declined after trading more-or-less inside some tight range today as the US GDP numbers improved appeal for the US dollar slightly. The drop also fits into the end-of-the-week correction process, following two days of gain on this currency pair. It’s currently trading near 1.2700.
At a second estimate, US …
Tradenext is the latest Forex broker addition to the list on the site. It’s regulated by both US’ NFA and Germany’s BaFIN. It’s a broker with MetaTrader support and also with their own Tradvec trading platform. It offers micro-Forex trading but the minimum account size is quite high ($1,000), while …
The euro rose against the US dollar slightly today as the market participants reacted to the pessimistic macroeconomic reports. The currency pair was going up rather strongly during the day but then retreated on some risk-awareness doubts. EUR/USD is now trading near 1.2657.
Durable goods orders rose by 0.3% in US …
EUR/USD rallied strongly today after the report on the US housing situation in July was released. The Forex market continued with the bullish reaction also after the Richmond Fed index release. The currency pair recovered from its monthly bottom of 1.2588 and is now trading near 1.2710.
Existing home sales …
If you’ve read the first article in this series, you’re probably wondering what is with people named “Russell” and Forex scams? How does a former football star with an almost decade-long career in professional football end up in the Forex trading market and bilking millions of dollars from innocent …
EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: sell.
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 | 1.2350 | 1.2507 | 1.2607 | 1.2764 | 1.2864 | 1.3021 | 1.3121 |
Originally created for VT Trader, Quantitative Qualitative Estimation (or simply QQE) is an interesting indicator that uses a lot of moving average based smoothing on the standard RSI indicator. Although the calculation of the indicator is rather complex, the result is quite easy to use. I’ve used the MQL4 code by Roman …