EUR/JPY Daily Outlook

EUR/JPY continues to stay in tight range and intraday bias remains neutral. As noted before, rebound from 95.64 could extend higher with 98.53 minor support intact. Above 99.96 minor resistance will flip bias to the upside for 101.62 and above. But considering bearish divergence condition in 4 hours MACD, even in case of another rise, upside should be limited by 61.8% retracement of 108.00 to … [Read more...]

Secret Settings For Forex Ivybot -Forex And Trade Navigator

Ivy League issued a fascinating automated Forex robot in the retail sector. It was recently launched after much hype among the bunch, and retailers. FAP is another robot that is also introduced to the market at the same time to improve standards of trading. IvyBot was elected by the people during the FAP for its effectiveness in working with live trading racune.Objavljivanja this program got … [Read more...]

What Forex Secrets Do I Need to Know?

One of the most important issue for new traders, is what forex secrets they must know to become a successful Forex traders. When people ask this question, they usually try to find some 'quick fix' solution or just a way that will guarantee them victory after victory, and the truth is, of course, that such a method or solution does not exist. Forex, like any other work will require a certain amount … [Read more...]

Forex Signal (Fri May 2 2011, 10:00am NY Time EST) – US ISM Manufacturing PMI

ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) today. As a leading indicator, traders generally pay attention to this report for hints of economic trend. Here’s the forecast: 10:00am NY Time US ISM Manufacturing PMI Forecast 59.9 Previous 61.2 ACTION: 62.4 BUY USDJPY / 57.4 BUY EURUSD The Trade Plan We’ll be looking for around 2.5 points of deviation … [Read more...]

FOREX PRO Weekly March 21-25, 2011

Monthly Trend is bullish, price action supports the trend. Market is neither overbought nor oversold on monthly time frame. So, there are no serious barriers for up move continuation. I still show you the range of this nasty down bar with black dash lines. Currently is a fourth consecutive month of increasing up move, so market almost erase this down bar. Price action during March is solid, but … [Read more...]