October 2013 Blog Posts (61)

Top 5 Reasons To Trade Binary Options

If you are one of the people who look at various ways to make money online, you have probably read or heard about binary options trading. In case you haven't heard, binary options trading has had many people flocking to reap the rewards. There…

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Added by Michael Markarian on October 31, 2013 at 5:20pm — 1 Comment

USD/CHF: analysis and forecast

USD/CHF: analysis and forecast



Current trend

Last week the pair hit two-year lows at the level of 0.8890; however it failed to maintain this level for long. Probably current rise is just correction and the pair will try to overcome support level of 0.8890 once again. It is also possible that the USD will continue to strengthen, especially if the US Fed will curtail Q3 program this year.



Support and resistance

The nearest resistance level is… Continue

Added by AlexanderLF on October 31, 2013 at 1:17pm — No Comments

EUR/USD: Optimism of the US Fed has strengthened Dollar

EUR/USD: Optimism of the US Fed has strengthened Dollar



Current trend

Following the announcement of the outcome of FOMC meeting, the pair EUR/USD has slightly declined. The USD was supported by optimistic forecast of the US economic growth. Fed members said about the rise of economic activity and possibility of phasing out of quantitative easing program later this year.



Support and resistance

The price has overcome important support level of… Continue

Added by AlexanderLF on October 31, 2013 at 12:49pm — No Comments

Merlin Entertainments and its shares plan

Merlin Entertainments is one of the world's leaders in location-based, family, branded entertainment. On October the 21st they announced their intention to share float. The company boasts that it operates in more than 22 countries and runs over 99 attractions. In 2012 their entertainment venues were visited by 54 million people, generating revenue of £1,074.3 million, and they also claim to be the largest visitor attractions in Europe, and the second largest in the world after Disney. Some…

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Added by Sam Wexler on October 30, 2013 at 11:15pm — No Comments

XAG/USD: technical analysis

XAG/USD: technical analysis



Current trend

Two weeks ago the pair reached local lows at the level of 20.48 and after that started to grow. Metal rose up to resistance level of 22.90, which coincides with the level of 38.2% Fibonacci, which prevented further rise in price. Now the pair consolidates in the channel of 22.70-22.25. Technical indicators also show that decline is possible. The signal line of MACD is ready to cross the zero line; Stochastic lines have… Continue

Added by AlexanderLF on October 30, 2013 at 12:33pm — No Comments

GBP/USD: decline in the US GDP may weaken the USD

GBP/USD: decline in the US GDP may weaken the USD



Current trend

On Tuesday the pair GBP/USD fell amid strengthening of the USD. The American currency was supported by favourable data on industrial production and capacity utilization.

Important British news, which could have supported the Pound, is not scheduled for the release today. Attention shall be paid to the data on key interest rate and GDP in the USA. In addition, investors will be interested in the… Continue

Added by AlexanderLF on October 30, 2013 at 12:13pm — No Comments

Masterforex-V Academy: SAKS Trading System Offers High-Percentage Moneymaking Opportunities

As reported by Market Leader (US)

A trader is a profession that requires learning and mastering, like any other profession. You cannot just become a professional in a day. Stats show that only 5-10% of traders can actually show consistence results and earn money in the long run. Financial market is not a place for amateurs and gamblers! Only the best can win in the long run!



Another story is how to become one of the…

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Added by Evgeny on October 29, 2013 at 2:10pm — No Comments

Forex: Ichimoku Clouds. Review of EUR/USD

Forex: Ichimoku Clouds. Review of EUR/USD



EUR/USD, H4

On the four-hour chart Tenkan-sen line is above Kijun-sen and they are both horizontal. Chinkou Span line is crossing the price chart from above, current Kumo is ascending. The pair has pulled back under Tenkan-sen (1.3792) and Kijun-Sen (1.3786) lines, which become a resistance levels. The closest support level is the upper border of the cloud (1.3836).







EUR/USD,… Continue

Added by AlexanderLF on October 29, 2013 at 11:47am — No Comments

USD/CAD: general analysis

USD/CAD: general analysis



Current trend

Current trend

The pair USD/CAD continues to show steady growth. If the pair manages to break down resistance level of 1.0457, the pair may go up to the level of 1.0555.

Canadian dollar is supported by fundamental data. It became known that unemployment rate fell to 6.9% in September, which is the lowest rate since December 2008. Average wages increased by 1.83%, indicating recovery of the country’s economy. Amid… Continue

Added by AlexanderLF on October 29, 2013 at 11:35am — No Comments

Deciding on a Forex Trading Platform

Deciding which forex trading platform to use is the first thing that many traders have to do. Most forex brokers have their own proprietary trading platform, which means that this decision may play a key role in deciding which broker to use. While most…

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Added by Michael Markarian on October 28, 2013 at 9:06pm — No Comments

GBP/USD: the Pound will fall to the level of 1.5950

GBP/USD: the Pound will fall to the level of 1.5950



Current trend

The British currency continues to mill about, while the pair GBP/USD has barely responded to the macro-economic statistics. Last Friday preliminary British GDP for Q3 2013 became known. The index was consistent with expectations and GBP/USD slightly strengthened; however a few hours later started to decline again. This trading week started with the sideways movement in the channel of .6190-1.6160.… Continue

Added by AlexanderLF on October 28, 2013 at 1:48pm — No Comments

USD/JPY: the pair will grow

USD/JPY: the pair will grow



Current trend

Last Friday the pair fell to the level of 96.93. The decline was caused by the drop in stock index Nikkei. However, by the closing of the session the pair corrected up to the level of 97.45. At the beginning of this week the Yen was at the level of 97.73 and is now trading near 97.60. Deputy Governor of the Bank of Japan said that the government is going to buy assets until inflation reaches the level of… Continue

Added by AlexanderLF on October 28, 2013 at 11:59am — No Comments

NordFХ Reasons Efficiency of Group Training

As reported by Market Leader (US)

The ultimate goal of any training is to teach how to do without the teacher. This holds true in any field of human activity, financial markets are no exception. Still, in order to join the industry’s best, it is necessary to go deep into the specifics of financial markets learn their basics and essence as well as many other things. These are needed to build an efficient trading strategy that would make…

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Added by Evgeny on October 25, 2013 at 2:06pm — No Comments

EUR/USD: downward correction is possible

EUR/USD: downward correction is possible



Current trend



This week the pair EUR/USD has been rising and reached November 2011 highs at the level of 1.3831. Investors are still disappointed by the negative data from US labour market which will surely postpone QE# program curtailment. However today Dollar may receive support from the Durable Goods Orders release. This indicator is expected to rise considerably from 0.1% to 2% and strengthen American… Continue

Added by AlexanderLF on October 25, 2013 at 12:57pm — No Comments

NZD/USD: technical analysis

NZD/USD: technical analysis



Current trend



At the beginning of this week the pair NZD/USD reached new highs of 0.8550, pushed off from the upper boundary of the ascending channel and fell sharply to the level of 0.8300. Currently the NZD is testing the lower level of the ascending channel, breakout of this level will enable further decline in the pair.

MACD is in the negative zone, the signal line is directed downward; volume of histogram continues to… Continue

Added by AlexanderLF on October 25, 2013 at 12:33pm — No Comments

GBP/USD: trend reversal

GBP/USD: trend reversal



Current trend



Yesterday the pair GBP/USD fell to support level of 1.6120, then pushed off from it and started to grow slowly. The Pound was supported by positive data on mortgage lending in the UK and weak US statistics. Today the pair broke down key resistance level of 1.6200; however the British currency is not strong enough to consolidate above this level. The Pound is still under pressure from slowdown of national economic… Continue

Added by AlexanderLF on October 24, 2013 at 2:26pm — No Comments

USD/CAD: analysis and forecast

USD/CAD: analysis and forecast



Current trend



Yesterday the pair USD/CAD has risen abruptly after the release of Bank of Canada Rate Statement. The interest rate remained the same to the surprise of the market players. BoC used to say, that poor economic conditions led to the hard-edged monetary policy.



Support and resistance



The weakening of the “Canadian” made the pair break through the both MAs, of 13 and 100 periods. The pair… Continue

Added by AlexanderLF on October 24, 2013 at 2:17pm — No Comments

Understanding The Moving Average In Forex Trading

The moving average has been a staple of the Forex trader’s arsenal since it was first described in statistics textbooks in the early twentieth century. The visual representation of several averaged price points, the moving average provides a smooth line that makes it easy to see at a glance whether the price is trending upwards or downwards. So critical is the moving average to…

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Added by Michael Markarian on October 23, 2013 at 9:05pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



Current trend



Contrary to the expectations, yesterday’s data on the number of jobs outside agricultural sector in the USA was negative. The index amounted to 148 thousand against the forecast of 180 thousand. This fact caused significant decline o=in the USD and the pair EUR/USD went up to the level of 1.3791.



Some US data is scheduled for the release today: prices of imports are expected to grow by 0.3%, housing price… Continue

Added by AlexanderLF on October 23, 2013 at 1:30pm — No Comments

Forex: Ichimoku Clouds. Review of USD/CHF

Forex: Ichimoku Clouds. Review of USD/CHF



USD/CHF, H4



On the four-hour chart Tenkan-sen line is below Kijun-sen, the blue line is directed downwards, while the red one becomes horizontal. Chinkou Span line is below the price chart; current cloud is descending. Resistance levels are Tenkan-sen (0.8990) and Kijun-sen (0.9036) lines. One of the previous minimum of the Chinkou Span line is expected to be a support level at 0.8907.…



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Added by AlexanderLF on October 23, 2013 at 1:10pm — No Comments

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