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

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Archive of Forex blog posts for July, 2011

Symmetrical Triangles on EUR/USD Weekly Chart

July 3rd, 2011

A slightly sloped symmetrical triangles pattern has formed on the EUR/USD weekly chart recently. The chart pattern has still some space before apex and thus the breakout will probably take some time. Symmetrical triangles usually serve as a continuation pattern, so a bullish breakout is quite probable. In this case …

RTATC2011 — Day 4 — Z-Score Optimization

July 3rd, 2011

A week ago, I’ve determined the main idea for my ATC 2011 expert advisor. Today, it’s about time to shed some light over a very important but often overlooked concept in EA optimization — Z-Score. But before I describe my experience in applying Z-Score optimization, it’d be wise to explain …

Forex Technical Analysis for Week 07/04—07/08

July 2nd, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3783 1.3942 1.4233 1.4392 1.4683 1.4842 1.5133
GBP/USD 1.5741 1.5825 1.5948 1.6032 1.6155 1.6239 1.6362
USD/JPY 79.28 79.76 80.29 80.77 81.30 81.78

EUR/USD Drops for First Time in Five Days

July 1st, 2011

EUR/USD dropped today for the first day after four days of gains. The currency pair is likely to post the first weekly gain after the three weeks of losses and it posted a monthly gain in June. The PMI unexpectedly rose in June, while construction spending also provided surprise, but unpleasant one. EUR/USD …

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