US Dollar

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

Citigroup introduced a new retail Forex broker this year — CitiFX. I uploaded the information related to this broker on my site today. CitiFX uses the trading platform made by Saxo Bank. There are no mini Forex accounts available and the minimum deposit is also very high — $10,000. Leverage is lower than in majority of other broker — 1:50 and 1:25 on some pairs. Demo accounts are available for free. This […]

Citigroup introduced a new retail Forex broker this year — CitiFX. I uploaded the information related to this broker on my site today. CitiFX uses the trading platform made by Saxo Bank. There are no mini Forex accounts available and the minimum deposit is also very high — $10,000. Leverage is lower than in majority of other broker — 1:50 and 1:25 on some pairs. Demo accounts are available for free. This […]

EUR/USD gained more than 100 pips today on the bad macroeconomic data coming out in U.S. This currency pair went up from 1.4714 at the opening of the Asian trading session to 1.4816 at the end of the New York session. GBP/USD also grew very fast today — from 1.9420 to 1.9622. The major trend movement against the European currency happened after the release of the Philadelphia Fed’s business activity index, […]

CPI release for January along with some moderate data on housing lifted traders’ expectations and spurred some good growth of the U.S. dollar with both EUR/USD and GBP/USD losing about a half percent for the day. It may be a good sign for the dollar bulls eventually as it is almost definite now that the recession is either ending or is not going to happen at all.
January CPI grew […]

This my first interview with a major Forex broker. Jaclyn, Public Relations Coordinator of the FXCM broker. Decided to answer some of the questions I’ve sent them via e-mail. The questions touch various topics and should be interesting not only to the current customers of the FXCM, but also to any trader who is interested in a current on-line Forex trading situation. Bad thing is that answers sound too […]

There are two new Forex articles that I have uploaded on my site today. They are written by Mary McArthur and they both are about hedging in Forex. Hedging is a simultaneous buying and selling of the same trading instrument. It has a great potential on the volatile and less trendy markets. One articles describes the Forex hedging in general, while another is about a grid hedging system, which […]

A new indicator is available for download now — it’s TzPivots. It shows the daily pivot points directly on the MetaTrader chart. It’s easy to use — you only need to set two input parameters for it to work properly:

LocalTimeZone — should be set to your MetaTrader server’s time zone shift in hours relative to the GMT. […]

EUR/USD trend: hold.
GBP/USD trend: sell.
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
1.4310
1.4396
1.4538
1.4624
1.4766
1.4852
1.4994

GBP/USD
1.9093
1.9247
1.9429
1.9583
1.9765
1.9919
2.0101

USD/JPY
104.22
105.26
106.52
107.56
108.82
109.86
111.12

EUR/JPY
150.84
152.57
155.40
157.13
159.96
161.69
164.52

Woodie’s Pivot Points:

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

EUR/USD
1.4410
1.4567
1.4638
1.4795
1.4866

GBP/USD
1.9247
1.9429
1.9583
1.9765
1.9919

USD/JPY
105.26
106.52
107.56
108.82
109.86

EUR/JPY
152.57
155.40
157.13
159.96
161.69

Camarilla Pivot Points:

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

EUR/USD
1.4556
1.4618
1.4639
1.4660
1.4702
1.4723
1.4744
1.4806

GBP/USD
1.9426
1.9519
1.9549
1.9580
1.9642
1.9673
1.9703
1.9796

USD/JPY
106.51
107.14
107.35
107.56
107.98
108.19
108.40
109.04

EUR/JPY
155.71
156.97
157.38
157.80
158.64
159.06
159.47
160.73

Tom DeMark’s Pivot Points:

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

Resistance:
1.4809
1.9842
108.19
158.55

Support:
1.4581
1.9506
105.89
153.99

Fibonacci Retracement Levels:

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

100.0%
1.4709
1.9737
108.61
158.87

61.8%
1.4622
1.9609
107.73
157.13

50.0%
1.4595
1.9569
107.46
156.59

38.2%
1.4568
1.9529
107.19
156.05

23.6%
1.4535
1.9480
106.85
155.39

0.0%
1.4481
1.9401
106.31
154.31