Everthing about Forex Trading...

Technical Analysis EUR/USD The Bollinger Bands are widened indicating increased volatility. This pair has been on a sharp upward trend over this week, but now indicators on the 4 H chart are beginning to give a bearish signal. However the daily chart is flat so there is a possibility of further bullish momentum today. GBP/USD On the 4 H chart we can see that this pair is near the top of horizontal channel. The Stochastic Slow is crossing above 80 and is a strong indication that we are in deep overbought territory and that a reversal may be imminent. Also RSI and Momentum are negatively, indicating further bearish movement. USD/JPY This pair fell sharply yesterday breaching the key 105.00 resistance level. The hourlies and daily charts are still giving a strong bearish signal. The next target price will be to breach 104.00 mark. USD/CHF This pair has been in a steady downward channel over the last few weeks. However this pair has made a sharp downward breakout this week, indicating that...

Economical News USD On the basis of the last consecutive three trading days we can strongly confirm that the U.S. economic condition has definitely become less favorable and it is about to face a severe dollar crisis. During those last three days, the dollar dropped several times to new records low versus the 15-nation currency. The EUR touched $1.5150 in early European trading -- up from $1.5120 in New York the previous night and above a record $1.5143 reached earlier Wednesday. The EUR gave up a little ground and was trading at $1.5122, still above Wednesday's close. An additional element which assisted the greenback was the unchanged level of GDP, which was published yesterday. The Gross Domestic Product rose at a 0.6 percent annualized rate, unchanged from the initial estimate last month. Not only the economic growth slowed and does not imply any signals of improvement for the short tem, but also U.S. citizens continue to deal with intense inflation increase which is above the ...

EUR/USD After peaking at the all time high of 1.5140 the pair now shows signs of bearish sentiment on the 4 hour chart. The daily chart still remains very bullish, which means that once the corrective move will consume its momentum, the bullish move will continue. Buying on dips might be a good choice of action before the weekend. GBP/USD The cable failed to breach through the 1.9950 level, which is a strong resistance and a key Fibonacci level. The bearish cross on the daily chart indicates on an upcoming corrective move that might take the cable below the 1.9750 on the local level. The 4 hour chart is giving mixed signals, which means that Forex traders must wait for a clear bearish signal on the hourly level before making an entry. USD/JPY The pair has made an aggressive bearish move within the flat channel of the daily chart, and is now approaching strong support. The 1 hour chart is showing local consolidation around the 106.20 level, and the bullish cross on the 4 hour chart is i...

The EUR advanced yesterday vs.10 of the 16 most-active currencies in the past 5 days after the ECB policy makers expressed concerns that inflation in the Euro zone may quicken. The ECB officials also indicated that there is no change in their hawkish stance on Interest Rates. Therefore the EUR is likely to strengthen. The EUR also continues to benefit from the faulty condition of the USD. Besides the overwhelming strength and confidence being shown by the currency, the European economic forecast continues to release positive data. Yesterday's German Import Price Index printed at 0.8%, much higher than the forecasted 0.2%, while the British GDP remained stable at 0.6% Analysts predict that the Fed will lower the Interest Rate target by at least another 0.5 percentage point at next month's FOMC meeting. Meanwhile, the EUR could test 1.52 -53 levels in the short-term. The Fed has already lowered its benchmark overnight lending rates by 2.25 percentage points to 3% since last Septe...

Yesterday, the USD fell to a record low vs. the EUR on expectations that the Fed will cut Interest Rates aggressively, despite stubborn inflation. Momentum in the EUR/USD pushed the pair through the closely watched 1.50 level and quickly surpassed 1.51 in the same session. The U.S. currency traded at the 1.5108 level vs. the EUR at 12:45 p.m. in Tokyo, after earlier touching the 1.5144 level. The greenback retreated after Bernanke said that the Fed will act in a timely manner to support growth and to provide adequate insurance against downside risks. The Fed has lowered benchmark overnight interest rates to 3% from 5.25% since September and financial markets expect policy makers to lower them by a further 0.5 percentage point at their next meeting on March 18. Meanwhile, the bad news out of the U.S. continued to mount. Data out yesterday revealed that Durable Goods Orders fell 5.3% in January, the most in 5 months, compared with the 4% forecast. The report added fears of a U.S. economi...

im feeling tierd now i cant read more... c ya later.

By: Han Ming This article hopes to give you the knowledge you need, to feel that you have a firm grasp on the subject. There are so many FOREX trading software existed online and offline. It's very hard to find FOREX trading software that is suitable and easy to use. The first thing you need to know is how to use the software. When it comes to FOREX trading software, want a software that is simple to use but valuable at the same time. You don't want to spend most of your precious time to learn all the complicated features and functions of trading software. You rather splurge your time forecasting and analyzing the currency trading. Fortunately, some FOREX trading platform doesn't ask you to download any FOREX trading software. You can trade FOREX just by ingoing your username and password and you can begin to trade. Their platforms will have all the functions of great FOREX trading software. These websites let you login to your account and trade wherever and whenever ...