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Chester Keltner developed his own version of the ”bands” indicator more than 50 years ago. Keltner Channel is an interesting and rather popular indicator, but, unfortunately, it’s not in the list of the standard MetaTrader indicators. I’ve found a basic implementation of the Keltner Channel for MT4 coded by some “Gilani” and used …
It’s been some time since my last Forex book review, so today I’ve decided to share my impressions of the latest book on probability by the ”financial dissident” Nassim Nicholas Taleb. If you still haven’t read his previous book — Fooled by Randomness (see my review here) — …
I believe ForexControl is the first Forex broker from India to get a detailed description in the list on EarnForex.com. They look rather promising and, although they are quite new, there are many reasons to give this broker a chance. They offer MetaTrader, Web Trader and a mobile trading solution. They …
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3148 | 1.3345 | 1.3466 | 1.3663 | 1.3784 | 1.3981 | 1.4102 |
| GBP/USD | 1.5394 | 1.5606 | 1.5852 | 1.6064 | 1.6310 | 1.6522 | 1.6768 |
| USD/JPY | 80.05 | 80.59 | 81.38 | 81.92 | 82.71 | 83.25 | |
EUR/USD extended its losses as the European Central Bank kept its main interest rates unchanged yesterday and as US unemployment rate dropped. On the other hand, non-farm payrolls were far worse than market participants have hoped for. EUR/USD trades currently at 1.3565.
Non-farm payrolls increased by 36k in January, …
President of the European Central Bank Jean-Claude Trichet said that inflation risks are “broadly balanced”, reducing bets that ECB will raise interest rates and driving EUR/USD down. At the same time, US service industries and factory orders posted surprisingly good results, supporting speculations that the Federal Reserve …
EUR/USD traded near its opening level, struggling to resume its rally after Standard & Poor’s downgraded Ireland’s credit rating. There was few economic data, but the employment change confirmed that the economic recovery in the US is underway. EUR/USD trades now at 1.3818.
The ADP employment report …
EUR/USD continues its rally as investors still favor riskier assets despite troubles in Egypt. The dollar attempt to advance after the report showed that US manufacturing continues to expand, but the rise was short-lived partly, perhaps, as construction spending dropped significantly instead of rising, as was predicted. EUR/USD trades near …