Forex Brokers

EUR/USD trend: hold.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: buy.
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3187 1.3359 1.3495 1.3667 1.3803 1.3975 1.4110 GBP/USD 1.5336 1.5435 1.5566 1.5666 1.5797 1.5896 1.6027 USD/JPY 87.97 88.56 89.25 89.83 90.52 91.10 91.80 EUR/JPY 118.40 119.91 121.25 122.76 124.11 125.61 126.96 GBP/JPY 135.99 137.31 139.25 140.57 142.51 143.83 145.77 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.3350 1.3476 1.3658 1.3784 1.3966 GBP/USD 1.5443 1.5582 1.5674 1.5813 1.5904 USD/JPY 88.58 89.30 89.86 90.58 91.13 EUR/JPY 119.87 121.17 122.72 124.02 125.57 GBP/JPY 137.47 139.56 140.73 142.82 143.99 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.3461 1.3546 1.3574 1.3602 1.3659 1.3687 1.3715 1.3800 GBP/USD 1.5571 1.5634 1.5655 1.5676 1.5718 1.5740 1.5761 1.5824 USD/JPY 89.24 89.59 89.70 89.82 90.05 90.17 90.29 90.64 EUR/JPY 121.03 121.81 122.07 122.34 122.86 123.12 123.38 124.17 GBP/JPY 139.40 140.29 140.59 140.89 141.49 141.79 142.09 142.98 Fibonacci Retracement Levels Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY 100.0% 1.3839 1.5765 90.41 124.27 141.89 61.8% 1.3721 1.5677 89.93 123.18 140.65 50.0% 1.3685 1.5650 89.78 122.84 140.26 38.2% 1.3649 1.5623 89.63 122.50 139.88 23.6% 1.3604 1.5589 89.44 122.09 139.40 0.0% 1.3531 1.5535 89.14 121.42 138.63 (...)
Read the rest of Forex Technical Analysis for 02/15—02/19 Week (14 words) MetaTrader 4 platform with ECN execution - FXOpen. Posted on Forex blog. Go to Source

The U.S. dollar pared losses versus the euro today despite the negative numbers brought by a trade balance report published today, since the Greek crisis is still the factor defining market sentiment. The dollar fell yesterday on speculations that an EU summit to be held tomorrow would include a proposal to rescue Greece, but today, as these expectation faded out, the dollar returned to its bullish pattern. EUR/USD currently trades at 1.3734. U.S. trade balance figures published today showed another monthly decrease in December with a deficit of $40.2 billion, from a previous report showing a deficit of $36.4 billion in November. Forecasts expected the trade balance to rebound with a deficit of $35.8 billion. Wholesale inventories published yesterday decreased by -0.8% in December from a previous revised increase of 1.6% in November. Actual figures surprised traders positively since forecasts expected this report to post another increase of 0.5%.
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Today I’ve updated the Pattern Recognition Master indicator with a new version that works properly in MetaTrader 5. The indicator was rather poorly written in MT4 so I’ve got a lot of room for improvements in the new MT5 version. This indicator will come to use for any Forex trader that utilizes the Japanese candlestick patterns for chart analysis. The functionality of the MT4 and MT5 versions is pretty same but there are certain improvements: Moved pattern definitions in the initialization function from the calculation function — this should makes the indicator work faster. Better structure of code — it will be much easier to add new things to this EA. Proper deinitialization of the indicator. You can get the code of the MT5 version or read more info about this pattern recognition indicator.
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Read the rest of Pattern Recognition in MetaTrader 5 (25 words) MetaTrader 4 platform with ECN execution - FXOpen. Posted ...

The last time I’ve written about the gold bubble was almost a year ago when the commodity has been trading near its all-time high at $941/ounce. Since then, the gold managed to reach a new historical maximum at $1,226/ounce and retrace to near $1,050/ounce. So, what’s the current situation with it? Is it still a bubble? Is it already bursting? Is gold going to go up even higher? When will the gold bubble burst? Unfortunately, there are no simple answers to these questions. Ask a gold bull or an average Joe and they will say that the gold is going to go up as the economy is tumbling and the paper money is worthless, while the gold has always been a real measure of value. Ask a dollar bull or a gold pessimist and they will say that the commodity has no future as the economy is going to recover soon, that the inflation is nonexistent and the gold is ...

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3059 1.3322 1.3500 1.3763 1.3941 1.4204 1.4382 GBP/USD 1.4929 1.5244 1.5441 1.5755 1.5953 1.6267 1.6464 USD/JPY 85.38 86.97 88.10 89.69 90.82 92.41 93.54 EUR/JPY 113.25 116.97 119.52 123.24 125.79 129.52 132.06 GBP/JPY 129.75 134.00 136.77 141.03 143.80 148.05 150.83 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.3301 1.3457 1.3742 1.3898 1.4182 GBP/USD 1.5214 1.5383 1.5726 1.5894 1.6238 USD/JPY 86.85 87.88 89.57 90.60 92.29 EUR/JPY 116.68 118.93 122.95 125.20 129.22 GBP/JPY 133.63 136.04 140.66 143.07 147.69 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.3435 1.3557 1.3597 1.3637 1.3718 1.3759 1.3799 1.3920 GBP/USD 1.5357 1.5498 1.5545 1.5591 1.5685 1.5732 1.5779 1.5920 USD/JPY 87.74 88.49 88.74 88.99 89.49 89.74 89.99 90.73 EUR/JPY 118.61 120.34 120.91 121.49 122.64 123.21 123.79 125.51 GBP/JPY 135.69 137.62 138.26 138.91 140.20 140.84 141.48 143.42 Fibonacci Retracement Levels Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY 100.0% 1.4026 1.6070 91.27 126.97 145.28 61.8% 1.3858 1.5874 90.23 124.58 142.59 50.0% 1.3806 1.5814 89.91 123.84 141.76 38.2% 1.3753 1.5753 89.59 123.10 140.93 23.6% 1.3689 1.5679 89.19 122.18 139.91 0.0% 1.3585 1.5558 88.55 120.70 138.25 (...)
Read the rest of Forex Technical Analysis for 02/08—02/12 Week (14 words) MetaTrader 4 platform with ECN execution - FXOpen. Posted on Forex blog. Go to Source

After rising since the beginning of this week, the EUR/USD currency pair dropped today as risk aversion returned to markets, making investors to opt for the safety provided by the greenback once again. Positive employment data published today in the U.S. also reiterated the hypothesis that the North American economy is currently more solid than the Eurozone. EUR/USD erased yesterday’s advance totally and currently trades at 1.3918. ADP employment report showed a decline of 22k workplaces in January, indicating better figures than what forecasts expected, at -31k positions. This report has been showing several consecutive monthly improvements, this time from the revised reading of -61k in December. ISM non-manufacturing index rose to 50.5 in January from a previous revised reading of 49.8. The actual figures came slightly below forecasts that expected this index to be at 51.1. U.S. crude oil inventories increased by 2.3 million barrels from the previous week. Total motor gasoline ...

The dollar started the week reverting last week’s trend versus the euro and dropped as risk appetite reappeared in markets this Monday, forcing equities up and declining appeal for the safety of the greenback. Personal spending and income increased in the U.S. adding appeal for riskier assets as ISM PMI index rose for another month. EUR/USD currently trades at 1.3915. Personal income rose 0.4% in December, from a previous advance of 0.5% in November (revised). Personal spending had a less significant rise at 0.2% from a previous revised reading of 0.7%. Forecasts were very near actual figures, expecting income to grow 0.4% as it was confirmed and spending at 0.3%. Core PCE price index rose 0.1% as forecasts expected. ISM PMI Index rose to 58.4 in january, the sixth consecutive increase from a previous reading of 54.9. Forecasts expected and advance to 55.5 to this index. Total construction spending frustrated forecasts and declined 1.2% in December from a previous decline of 0.6%. Forecasts ...

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3418 1.3640 1.3751 1.3972 1.4084 1.4305 1.4416 GBP/USD 1.5583 1.5780 1.5882 1.6079 1.6181 1.6378 1.6480 USD/JPY 87.50 88.32 89.29 90.10 91.07 91.89 92.86 EUR/JPY 120.28 122.55 123.83 126.10 127.38 129.65 130.93 GBP/JPY 139.19 141.42 142.84 145.06 146.48 148.71 150.13 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.3612 1.3695 1.3945 1.4028 1.4278 GBP/USD 1.5756 1.5835 1.6055 1.6134 1.6354 USD/JPY 88.36 89.36 90.14 91.15 91.93 EUR/JPY 122.30 123.34 125.85 126.89 129.40 GBP/JPY 141.21 142.43 144.86 146.08 148.51 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.3679 1.3770 1.3801 1.3831 1.3892 1.3923 1.3953 1.4045 GBP/USD 1.5820 1.5902 1.5929 1.5957 1.6012 1.6039 1.6066 1.6149 USD/JPY 89.27 89.76 89.93 90.09 90.42 90.58 90.75 91.24 EUR/JPY 123.16 124.14 124.46 124.79 125.44 125.76 126.09 127.06 GBP/JPY 142.25 143.25 143.59 143.92 144.59 144.92 145.26 146.26 Fibonacci Retracement Levels Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY 100.0% 1.4194 1.6276 90.92 128.36 147.29 61.8% 1.4067 1.6161 90.24 127.01 145.90 50.0% 1.4028 1.6126 90.03 126.59 145.47 38.2% 1.3989 1.6091 89.82 126.17 145.04 23.6% 1.3940 1.6047 89.56 125.65 144.50 0.0% 1.3861 1.5977 89.14 124.82 143.64 (...)
Read the rest of Forex Technical Analysis for 02/01—02/05 Week (14 words) MetaTrader 4 platform with ECN execution - FXOpen. Posted on Forex blog. Go to Source

The EUR/USD continued its losing streak today despite worse-than-expected data published in the United States. The dollar declined versus most of the main traded currencies but maintained the highest rate in 2010 versus the euro as the single currency continues to be under the influenced of pessimism in the Eurozone. EUR/USD currently trades at 1.3991. Initial jobless claims were at 470k during the past week from a previous number of applications of 478k (revised). Forecasts expected less applications at 451k.

Durable goods orders advanced 0.3% in December from a previous revised decline of 0.4% in November. Actual figures frustrated forecasts that expected an advance of 2.1% in orders.
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Read the rest of EUR/USD Remains Bearish Despite U.S. Weak Data (13 words) MetaTrader 4 platform with ECN execution - FXOpen. Posted on Forex blog. Go to Source

Hello my readers! Today I think that I need your help to solve some uneasy situation that concerns some of the reviews on EarnForex.com and thus is important for the quality of the content and information that you as the site’s visitors receive from it. The situation involves a trader (let’s call him Joe), a broker (let’s call it ACME-Forex) and a bunch of rather rough reviews of this broker submitted by Joe. Trader Joe was trading successfully with ACME-Forex until one day he decided to withdraw his capital. After his request was refused, he submitted several reviews to EarnForex.com and some other Forex-related websites. These reviews were rather straightforward as they went straight from his heart. ACME-Forex didn’t like these reviews and began to persuade me to remove them from my site. I must say that I have a rather strict policy for the reviews — I never remove reviews unless I am really sure that they are ...