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EUR/USD rose today on the speculation that the Federal Reserve will maintain stimulus. The currency also rose as personal spending slowed and pending home sales declined more than predicted. The rally may slow as increasing personal income and improving business activity can support the dollar. EUR/USD currently trades at about 1.3827.…

It’s hard to overestimate the importance of proper strategy testing in Forex trading. Just taking a strategy out of your head and applying it to a real money account usually leads to a total wipe. Unlike optimization, which is optional and sometimes dangerous, testing is crucial. But what period of time should be …

As I wanted to find out more about different trading chart patterns (lately, I’m quite fond of using them), I’ve chosen to read Suri Duddella‘s Trade Chart Patterns Like the Pros, which had a rather promising title and tables of contents. To say that I was disappointed is almost …

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EUR/USD dropped today as the reports showed that the US economy improved. The growth of GDP and the improvement of the confidence in the jobs market supported the dollar. On the other hand, the hawkish stance of the European Central Bank may boost the euro. EUR/USD trades currently near 1.3746.

US GDP increased at an annual rate of 2.8% in the fourth …

EUR/USD rose today for the second day on the speculation that the European Central Bank will raise the interest rates before the Federal Reserve. The currency pair also advanced on the speculation that the high oil prices can bolster the euro. The euro advanced sharply versus the dollar in the first half of the day, but later the rally …

EUR/USD slightly rose today after it declined at the beginning of the trading session. The improving US manufacturing and consumer confidence can limit the gains of the euro. EUR/USD trades now at 1.3697 after it dropped earlier as low as 1.3526.

S&P/Case-Shiller seasonally adjusted home price index declined from 142.75 in November to 142.16 …

Forex-Trend isn’t the first Ukraine-registered broker listed on EarnForex.com but it’s quite notable for the offered trading conditions. It’s a MetaTrader broker with micro-lot trading and quite low spreads. Although the leverage is generally fixed at 1:100, a different leverage can be negotiated on request. The only market offered for trading is …

A slightly sloped head-and-shoulders pattern has formed on H4 USD/JPY chart. It still hasn’t broken out but the most probable direction after such patterns is down. In case of a bearish breakout, the probable target is the height of the pattern subtracted from the breakout point. Here, it’s about 86 pips, …

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