Top Menu

Feedburner

Right-Side Top Menu

Forex Blog
My Forex experience and some Forex related information that might be useful to other traders

Archive

Archive of Forex blog posts for April, 2011

Forex Technical Analysis for Week 05/02—05/06

April 30th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.4183 1.4338 1.4571 1.4726 1.4959 1.5115 1.5347
GBP/USD 1.6192 1.6312 1.6507 1.6627 1.6822 1.6942 1.7137
USD/JPY 78.80 79.92 80.55 81.67 82.30 83.42

EUR/USD Growth Reverses on Dollar-Positive News

April 29th, 2011

The dollar recovered against the euro today after a bearish performance earlier as some positive news regarding personal income and spending coming out in the United States during the day. Mixed sentiment indexes continued to play in the greenback’s favor. EUR/USD is now trading near 1.4821.

Personal income increased by 0.5% in the US …

GDP Growth Disappoints, EUR/USD Rises

April 28th, 2011

The dollar fell against the euro before the disappointing US GDP growth data was released today. The currency pair was in a decline for 2 hours immediately before the release but regained its growth afterwards. Other fundamental releases didn’t have much influence on EUR/USD today. It is now trading …

EUR/USD Soars as Bernanke Hints No Tightening

April 27th, 2011

The dollar fell against the euro today after the FOMC released its monetary policy statement showing that the stimulus bond-buying program will end on schedule, but the low borrowing costs will last for an ”extended period”. EUR/USD was declining during the day before the release came out and paid little attention …

MQL5 Market + MQL5 Wizard + Testing Quality

April 27th, 2011

Among other useful changes and bugfixes, MetaTrader 5 update to build 439 introduced two completely new features and one good old feature back from MT4:

MQL5 Market is an App Store of MetaTrader — you can buy (or get for free) expert advisors, scripts and indicators developed by other traders …

EUR/USD at New Max Since December 2009

April 26th, 2011

Mixed fundamental reports coming out from the US today pushed the EUR/USD currency pair up to a new record maximum level since late December 2009. While there are positive news about the consumer confidence levels and the optimism from the yesterday’s new home sales report, the dollar-negative news about …

Forex Social Networks

April 25th, 2011

Nowadays, Forex social networks have become extremely popular among the traders. What started as some vague trend in 2010, now has shaped into one of the most useful trading tools for the online currency market. Traders can easily share their results, follow, compare and analyze (with a very high …

GBP/USD — Pennant Chart Pattern on H4

April 24th, 2011

The GBP/USD currency pair has formed a somewhat sloped pennant chart pattern on the H4 chart during Thursday-Friday. The ”pole” part is formed by three bullish candles, while the ”pennant” itself is formed by the consolidation trading period of 9 4-hours candlesticks. Pennant is a continuation pattern — if the price closes above …

Forex Technical Analysis for Week 04/25—04/29

April 23rd, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3772 1.3964 1.4262 1.4454 1.4752 1.4944 1.5242
GBP/USD 1.5817 1.5991 1.6249 1.6423 1.6681 1.6855 1.7113
USD/JPY 79.58 80.60 81.22 82.24 82.86 83.88

Forex Report Analysis Tool (BETA)

April 22nd, 2011

I’ve launched a beta version of a new online Forex report analysis tool that can show a lot of different metrics based on MT4/MT5/Oanda account reports (and MT4/MT5 Strategy Tester reports):

http://www.earnforex.com/analyzer/analyzer.php

This tool is completely free and will always remain such. As I have already said, it’s still in beta-testing …

Want to get a bonus? Get Forex Bonus!