Serving Traders Since 2005
EUR/USD trend: hold.
GBP/USD trend: buy.
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 | 1.2863 | 1.3013 | 1.3121 | 1.3271 | 1.3379 | 1.3529 | 1.3637 |
EUR/USD fluctuated today and currently trades near opening level. Earlier the currency pair fell as European policy makers divided in their opinion on how to battle the fiscal crisis. The dollar was further supported by favorable reports about declining trade balance deficit, growing import and export prices and improving consumer confidence. …
EUR/USD extended its decline today as US claims for unemployment benefits posted a better reading than was expected, adding to optimism about US economy. EUR/USD currently trades near 1.3199.
Initial jobless claims dropped from 438k to 421k last week, compared to an expected value of 426k.
US wholesale …
EUR/USD extended its decline today for a third day after US President extended tax cuts, resulting in surge of optimism for US economy. There was not much fundamental data this week so far, but some important reports, including reports about unemployment claims and trade balance, will …
No, this post isn’t about profiting from Forex by using the ”hedging” (grid) strategies. Two weeks ago I’ve asked my readers about their thoughts on trading Forex without stop-loss and, while I still believe that it’s generally a very bad idea, there is at least one case …
When trading in the Forex market it’s very important to understand the time zones correctly and to be able to calculate the difference between your time zone and the timezone of your trading server and the timezone of the specific trading session. Some MetaTrader expert advisors (that are created to trade during a certain time or a trading session) …
One could call Technical Analysis of the Currency Market by Boris Schlossberg a pure technical analysis book, but it wouldn’t be a completely correct definition. The book also talks about the psychology of trading and risk management; an introduction to the Forex market (FX 101 chapter) is also made for the very new traders. …
EUR/USD trend: sell.
GBP/USD trend: hold.
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 | 1.2668 | 1.2818 | 1.3115 | 1.3265 | 1.3562 | 1.3712 | 1.4009 |
The euro extended its rally against the dollar for a third day as nonfarm payrolls were far lower than expected and unemployment rate unexpectedly increased. Factory orders also were worse than forecast. EUR/USD currency pair currently trades near 1.3342.
Nonfarm payrolls report showed that US employers …
EUR/USD rose today, fell after the European Central Bank kept the interest rates unchanged and later advanced again as claims for unemployment benefits in the US unexpectedly increased. EUR/USD currently trades at 1.3181 after it reached the intraday low of 1.3060.
Initial jobless claims in the US increased from 410k to 436k, more …
