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| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3475 | 1.3613 | 1.3758 | 1.3896 | 1.4041 | 1.4179 | 1.4324 |
| GBP/USD | 1.5561 | 1.5768 | 1.5926 | 1.6133 | 1.6291 | 1.6498 | 1.6656 |
| USD/JPY | 79.61 | 80.62 | 81.26 | 82.27 | 82.91 | 83.92 | |
EUR/USD regained some strength after it dropped earlier today as the earthquake in Japan spurred Forex traders to buy safer currencies. We had reports of the growing retail sales and business inventories in the US. Consumer sentiment was rather worse than expected. EUR/USD trades now at 1.3835.
EUR/USD slumped today as Moody’s Investors Service downgraded Spain’s credit rating to Aa2. The news from the US weren’t good either as the trade balance and the federal budget balance posted a bigger deficit, while number of the unemployment claims increased. EUR/USD currently trades at about 1.3795.
US trade balance deficit widened …
EUR/USD showed violent swings today, yet currently it trades almost unchanged from the opening level. This day, as the whole week, is relatively poor on macroeconomic reports. Tomorrow we’ll have the report on the trade balance, but it’s not expected to show a great change. EUR/USD trades near it …
A somewhat flawed ascending triangle patter is currently visible on the AUD/USD D1 chart. Its lower part has started back in mid January and the upper part is from early February. Otherwise it looks very good with the slopes and number of candlewicks touching the forming lines. Since a bullish trend …
One of the site’s visitors asked me about my testing results of the weekly Forex gap strategy and which pairs are best suited for such trading. As a reply I’ve sent two MetaTrader “expert advisors” that I had used for testing. Now I’ve decided to share these scripts with everyone else, because …
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3500 | 1.3605 | 1.3795 | 1.3900 | 1.4090 | 1.4195 | 1.4385 |
| GBP/USD | 1.5839 | 1.5954 | 1.6112 | 1.6227 | 1.6385 | 1.6500 | 1.6658 |
| USD/JPY | 80.10 | 80.84 | 81.57 | 82.31 | 83.04 | 83.78 | |
Today we had a couple of positive reports from the US, yet the euro continued to rise versus the dollar. The optimistic predictions about the nonfarm payrolls proved true and the unemployment rate declined, even though it was expected to increase. The European currency showed signs of weakness after the release of the reports. EUR/USD trades …
EUR/USD climbed today as European Central Bank President Jean-Claude Trichet said that the interest rates may be higher next month. The ECB maintained its benchmark interest rate unchanged at 1% today. The economic reports were in line with the analysts’ forecasts today, except the report about the jobless claims …
EUR/USD rallied today almost without pause despite risk aversion sentiment of traders that was caused by renewed concerns about uprising in Libya. The positive news from the US labor market may stop the rally, though. EUR/USD trades now at about 1.3882.
ADP employment increased by 217k from …
