Forex Currency

Today EUR/USD renewed its historical maximum value on Forex. It touched 1.5275 shortly after the news releases from U.S. concerning the construction spendings and ISM index for manufacturing business came out. The currency pair dropped down significantly after hitting this new maximum and is now trading near 1.5210.
Construction spending in January fell compared to December by 1.7%. That’s worse than the last month’s 1.1% […]

Martingale system is a popular betting and trading system, which is commonly used in bets with equal or close to equal chances (red-black, odd-even, heads-tails etc.) According to martingale system gambler (trader) should double his bet after every loss and return the bet to initial amount with every winning bet. E.g. gamblers bets $10 on red, if he wins he bets $10 again, if he loses he bets $20 on red, if he loses again he bets […]

Welcome to the March 2, 2008 edition of Carnival of Forex Trading.
Sagar presents 13 Unconventional Factors that Affect the Dollar posted at CurrencyTrading.net.
ioventuresinc.com presents Forex Trading The News | Tips and Tricks posted at Forex Strategy Secrets, saying, “Trading the news can be very profitable, but can also produce some of your biggest losses. This […]

EUR/USD trend: hold.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: sell.

Floor Pivot Points

Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res

EUR/USD
1.4431
1.4605
1.4891
1.5065
1.5351
1.5525
1.5811

GBP/USD
1.9324
1.9469
1.9680
1.9825
2.0036
2.0181
2.0392

USD/JPY
97.67
100.67
102.20
105.20
106.73
109.73
111.26

EUR/JPY
152.25
154.84
156.13
158.72
160.01
162.60
163.89

Woodie’s Pivot Points

Pair
2nd Sup
1st Sup
Pivot
1st Res
2nd Res

EUR/USD
1.4633
1.4948
1.5093
1.5408
1.5553

GBP/USD
1.9469
1.9680
1.9825
2.0036
2.0181

USD/JPY
100.67
102.20
105.20
106.73
109.73

EUR/JPY
154.84
156.13
158.72
160.01
162.60

Camarilla Pivot Points

Pair
4th Sup
3rd Sup
2nd Sup
1st Sup
1st Res
2nd Res
3rd Res
4th Res

EUR/USD
1.4925
1.5052
1.5094
1.5136
1.5220
1.5262
1.5305
1.5431

GBP/USD
1.9694
1.9792
1.9825
1.9857
1.9923
1.9955
1.9988
2.0086

USD/JPY
101.23
102.47
102.89
103.30
104.14
104.55
104.97
106.21

EUR/JPY
155.30
156.36
156.72
157.07
157.79
158.14
158.50
159.56

Fibonacci Retracement Levels

Pairs
EUR/USD
GBP/USD
USD/JPY
EUR/JPY

100.0%
1.5238
1.9971
108.21
161.30

61.8%
1.5062
1.9835
106.48
159.82

50.0%
1.5008
1.9793
105.95
159.36

38.2%
1.4954
1.9751
105.41
158.90

23.6%
1.4887
1.9699
104.75
158.34

0.0%
1.4778
1.9615
103.68
157.42

The  U. S. managed to fall to another record low value today at 1.5238 per euro but recovered from a daily loss and even gained somewhat against the European currency. Personal income statistics was a little better than expected today and Michigan consumer confidence index was also revised towards the improvement.
Personal income in January rose by 0.3% — better than the expected 0.2%, but this […]

GDP release today in U.S. pushed dollar down after yesterday’s macroeconomic statistics and allowed EUR/USD to reach a new record at 1.5179. Meanwhile GBP/USD decelerated its pace a little and turned to a less bullish trend today.
The preliminary GDP data for the third quarter showed 0.6% growth — the same as it was in the advance release a month ago, but below the expected 0.8%. That’s quite a poor result […]

It started eleven days ago on the ForexFactory forum, but I’ve read it first about a week ago on a TalkGold forum’s thread titled “Mt4 Brokers Are All Scam Brokers By Definition”. Of course, I’ve got interested in this topic because I’ve been trading on MetaTrader brokers’ accounts for almost two years and I have never thought of them being a scam “by definition". That made me read both of the threads thoroughly.
Here is the main problem […]

Today EUR/USD reached its new historical maximum at 1.5105 as the dollar continued to weaken both on the rates cut expectations and later - bad macroeconomic data releases in U.S.
Durable goods orders - a very important indicator of the business’s health - decreased 5.0% in January, more than the expected drop of 0.4%.
New home sales […]

Today dollar continued its bearish trend against euro and pound, sliding down significantly after the consumer confidence release. Both EUR/USD and GBP/USD were going for correction after the better than expected PPI report, but started to return to their earlier positions in shortly after the Conference Board’s release.
Producer Price Index (PPI) gained 1.0% in February — a significant value for a one month […]

EUR/USD trend: hold.
GBP/USD trend: hold.
USD/JPY trend: hold.
EUR/JPY trend: hold.

Floor Pivot Points

Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res

EUR/USD
1.4421
1.4515
1.4673
1.4767
1.4925
1.5019
1.5177

GBP/USD
1.9104
1.9233
1.9450
1.9579
1.9796
1.9925
2.0142

USD/JPY
104.84
105.78
106.47
107.41
108.10
109.04
109.73

EUR/JPY
156.02
156.86
157.88
158.72
159.74
160.58
161.60

Woodie’s Pivot Points

Pair
2nd Sup
1st Sup
Pivot
1st Res
2nd Res

EUR/USD
1.4531
1.4704
1.4783
1.4956
1.5035

GBP/USD
1.9233
1.9450
1.9579
1.9796
1.9925

USD/JPY
105.78
106.47
107.41
108.10
109.04

EUR/JPY
156.86
157.88
158.72
159.74
160.58

Camarilla Pivot Points

Pair
4th Sup
3rd Sup
2nd Sup
1st Sup
1st Res
2nd Res
3rd Res
4th Res

EUR/USD
1.4691
1.4761
1.4784
1.4807
1.4853
1.4876
1.4899
1.4969

GBP/USD
1.9477
1.9572
1.9604
1.9635
1.9699
1.9730
1.9762
1.9857

USD/JPY
106.25
106.70
106.85
107.00
107.30
107.45
107.60
108.05

EUR/JPY
157.87
158.38
158.55
158.72
159.06
159.23
159.40
159.91

Tom DeMark’s Pivot Points

Pair
EUR/USD
GBP/USD
USD/JPY
EUR/JPY

Resistance
1.4846
1.9687
107.76
159.23

Support
1.4594
1.9341
106.13
157.37

Fibonacci Retracement Levels

Pairs
EUR/USD
GBP/USD
USD/JPY
EUR/JPY

100.0%
1.4862
1.9708
108.36
159.57

61.8%
1.4766
1.9576
107.74
158.86

50.0%
1.4736
1.9535
107.55
158.64

38.2%
1.4706
1.9494
107.35
158.42

23.6%
1.4669
1.9444
107.11
158.15

0.0%
1.4610
1.9362
106.73
157.71