The EURUSD Smart Scan Chart Analysis last Friday shows an uptrend. Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term uptrend Uptrend with tight money management stops. Trend Analysis is a free service powered by MarketClub’s Trade Triangle technology.

With so many bearish 1HR candles at piphut, maybe EURUSD is finally going to reverse down. There might also be a double top forming on the 1hr charts…

The euro dollar pair is consolidating between the high of 1.36594 and the low of 1.36283, while The Euro Dollar Pair is currently trading around 1.36361.

The Pound Dollar pair almost didn t move as it recorded a low of 1.49481 and a high of 1.49877, having the royal currency trading around 1.49577.

Finally, the dollar yen pair is trading between a high of 90.546 and a low of 90.203, while the pair is currently trading around 90.444.

Market Expectations

EUR/USD :Stochastic indicator for the Euro against the U.S. dollar pair appears saturated in the procurement process for the hour and for the four hours, we expect downward trend today. Our primary target for the pair is to test 1.35850 and then 1.35200.

GBP/USD : Stochastic indicator for the sterling dollar pair appears saturated in the procurement process, which makes us expect a downward trend for the pair to test 1.48990 and can achieve 1.47800.

USD/JPY : We expect a bullish intraday direction that requires the breach of 90.750 and target 91.450. Keep in mind that the breach of 90.000 will weaken chances of achieving these expectations. Stable trading above the 200 day moving average at the 90.000 is necessary to achieve our expectations.

According to piphut’s Candlestick Alerts, there’s a lot of of bearish candles on the 30M and 1HR timeframe. So beware….Here’s what you can do now….

$EURUSD
Sell 1.3595 TP 1.3570 or Buy 1.3690 TP 1.3715

Just put in a pending order.

After you have registered as an affiliate for FXPrimus and the approval process has gone through, you should be able to login and get your own affiliate link. The link looks like this http://www.fxprimus.com/index.php?r=2085

You can now open your Individual Account under your own affliate link. This will ensure that you at least can get some pips back from your own trades. (about 25% of 1 standard lot).

Here are the steps to open a Live Individual Account at FXPrimus

1. Open your own Affiliate link in your internet browser : http://www.fxprimus.com/index.php?r=2085

2. Make sure the form states your referrer ID. eg 2085. Enter your username, password, security password, leverage and spread details. I prefer 1:200 leverage and variable spread. This can always be changed when you login the website later.

3. Enter deposit amount, etc

4. Then upload your documents again just like the one for the affiliate account setup. ie identification papers and proof of residence.

5. Power of attorney if someone else is trading your account :

6. Check all the docs listed :

7. Then login to your live individual account fora a test.

8. You will see your name in the login page. Enter your email again for verification.

9. Email verified onthe page.

10. Login page will now show your account is Pending Approval. You will also get an email. So now you can wait for them to approve your Live Individual Account at FXPrimus . Good luck trading.

FUNDING YOUR Live Individual Account :
After you get an email from FXprimus support with the subject FXPRIMUS Individual Account Approval, you can deposit money via credit card from the site or via transfer. The email will state your MT4 username and password. MT4 username and FX Primus Meta Trader 4 Account Number is the same. Transfer details as per below

Wire Transfer:

Availability of Funds: Within 2 Business Days following initiation of transfer.

Cost: FXPRIMUS does not charge a fee for incoming wire transfers. However, the customer is responsible for all bank charges from their respective banking institution. This includes charges from their banking institutions correspondent banks, as well. Our suggestion, is for the customer to instruct his or her bank that all bank charges, including the correspondent bank are to be paid by the remitter, ensuring that the full amount will be transferred to his or her FXPRIMUS account.

NOTE: FXPRIMUS cannot accept payment from third parties unless in a special situation previously approved by management. All credit/debit card deposits must be made from a card bearing the account holders name and all bank wire transfers must be made from an account bearing the account account holders name.

Bank Information:

US Dollar (USD) deposits
Bank Name: Standard Chartered Bank (Mauritius) Limited
Address: Ebene House,2nd floor, Left Wing
33 Cybercity, Ebene, Mauritius
Swift code: SCBLMUMU
Beneficiary: FX Primus Ltd - Operating Account
Account: 01 201 11177 01
Beneficiary Address: Level 2, Alexander House,
35 Cybercity, Ebene, Mauritius.
Purpose/Comments: Please include your name and FX Primus Meta Trader 4 Account Number
Corresponding Bank: Standard Chartered Bank New York
Swift code: SCBLUS33
Account: 3582.088768.001

Great Britain Pound (GBP) deposits
Bank Name: Standard Chartered Bank (Mauritius) Limited
Address: Ebene House,2nd floor, Left Wing
33 Cybercity, Ebene, Mauritius
Swift code: SCBLMUMU
Beneficiary: FX Primus Ltd - Operating Account
Account: 072011117700
Beneficiary Address: Level 2, Alexander House,
35 Cybercity, Ebene, Mauritius.
Purpose/Comments: Please include your name and FX Primus Meta Trader 4 Account Number
Corresponding Bank: Standard Chartered Bank London
Swift code: SCBLGB2L
Account: 05.249613501

Euros (EUR) deposits
Bank Name: Standard Chartered Bank (Mauritius) Limited
Address: Ebene House,2nd floor, Left Wing
33 Cybercity, Ebene, Mauritius
Swift code: SCBLMUMU
Beneficiary: FX Primus Ltd - Operating Account
Account: 932011117700
Beneficiary Address: Level 2, Alexander House,
35 Cybercity, Ebene, Mauritius.
Purpose/Comments: Please include your name and FX Primus Meta Trader 4 Account Number
Corresponding Bank: Standard Chartered Bank London
Swift code: SCBLGB2L
Account: 05.249613596

The foreign exchange market completed first week trading in a mixed performance in the presence of a range of conflicting news about the Greek crisis. The U.S. Dollar index, which measures the strength of the dollar against a basket of major currencies, closed slightly up this week at 80.43, a rise of 0.12%. The Greece crisis continues its influence on the direction of European Union currency, where we have seen continued forecast of solutions for the crisis last week which made big effect on the trading last week.

This week the major concentration of the market news will be on the outcomes of the Greek s Prime Minister George Papandrea visit to Berlin, Luxembourg, Paris and Washington, where he will try to gain all the maximum support in order for the Greeks to come out of the crisis.

Given the previous scenario, it is still too early to expect an immediate solution for the crisis in Greece. The question remains on how the EU’s ability to resolve the crisis internally, especially after the possibility of Greece turning to the World Bank seeking help which is interpreted by the market as a failure of the European Union in resolving the crises. The concentration of the most important fundamental news this week will be on Thursday & Friday. The announcement of the U.S. Trade Balance on Thursday, retail sales data and statistical confidence of the consumer from the University of Michigan on Friday are the most important news for this trading week.

Hi all, I have a collection of about 334 Forex Indicators and Expert Advisers. This special offer is for visitors to my blog…..

I will give the collection to you for FREE if you open a LIVE account (minimum deposit of USD500) at the FXPrimus FX broker before 31 March 2010 using my Affiliate Link ( http://www.fxprimus.com/index.php?r=2085 ) and traded at least 10 standard lots. .

Once you have done the above, send an email to me at admin AT thesmsguide DOT com and I will send you a link where you can download all the 334 Forex Indicators and Expert Advisers !! Don’t forget to quote your LIVE account number at FXPrimus for me to validate your trades

Now this offer expires 31 March 2010, so hurry up and sign in to FXPrimus now !

Below is the list of the offered indis and EAs.

! IN10TION NewsReader v05 lite.ex4
!LinRegrBuf.ex4
!xMeter_mini.ex4
!xMeter_mini1.ex4
!xpMA.ex4

###Auto Pivot.ex4
###Gann_HiLo_Activator_v2###.ex4
###QQE_Alert_MTF_v2###.ex4
###QQE_Alert_MTF_v4###.ex4
###QQE_Alert_MTF_v5###.ex4
#00Butterfly.ex4
#KG Support and Resistance.ex4
#MTF_3 Trema Trix.ex4
#MTF_Stochastic.ex4
#Signal_Bars_v2.ex4
#Signal_Bars_v7.ex4
%CZI.ex4
1-2-3 Pattern.ex4
10points3.ex4
….-BUY-SELL.ex4
2MA Crossover.ex4
2×5 MA CROSS WITH SOUND.ex4
2×5 MA CROSS WITH SOUND_YG1.ex4
3 TREMA Trix.ex4
3HLMa_CrackedFracs.ex4
4 TF HAS Bar.ex4
4 TF HAS Bar2.ex4
5 day breakout.ex4
5-8_Crossover.ex4
5-8openEMA_Cross_Arrow_with_Alerts.ex4
5EMAsAdvanced.ex4
___Gann_HiLo_Activator_v2___.ex4
___QQE_Alert_MTF_v2___.ex4
_Signal_Bars_v5.ex4
_Signal_Bars_v51.ex4
AccountSentry.ex4
ACSignal.ex4
ADR_20051123_01_Mod_01_0000_start_GMT00.ex4
Andrews Pitchfork Auto.ex4
ant-GUBreakout_V.0.4.1-2.ex4
Arbeitszeit.ex4
Artemis_Sitter v1.60.ex4
AutoDayFibs.ex4
AutoPivotIndicator.ex4
Autotrendlinien.ex4
b-clock_modified.ex4
BAT EA V 1.5c.ex4
BBands_Stop_v1.ex4
BBands_Stop_v11.ex4
BBands_Stop_v12.ex4
Bogie-MACD_MaTrend-v1.ex4
BreakOut-EAGLE_indicator.ex4
BreakOut_PANCA_EAGLE__indicator.ex4
Bt_****…..ex4
C-Trader_BackTest_Equity_v0.1.ex4
C-Trader_EA_v0.1.ex4
Candle_Patterns_Ind.ex4
Candle_Signal.ex4
CandleSizeAlert.ex4
CandleTime.ex4
CandleTimer.ex4
CCFp-Diff_[v1[1].03].ex4
CCFp.ex4
CCI 8 .ex4
CCI_Woodies_Lnx_v1_1.ex4
CCp.ex4
Charts SL&TP.ex4
CheckGrid_v1.8.ex4
Choppiness Index.ex4
Close all open and pending orders.ex4
Close all open positions.ex4
Close all pending orders.ex4
Close Em All.ex4
CloseAllAtEquityLevel.ex4
CloseAtEquityAmount v1.0.ex4
CloseByPL.ex4
CloseByPL_pips.ex4
CloseTrades_After_Account_Loss_TooMuch.ex4
CloseTrades_After_Account_Profit_Reached.ex4
Complex_k.ex4
Correlation.ex4
Correlation1.ex4
Crown - Head and Shoulders.ex4
Currency Line Indicator v08.ex4
CustomCandle.ex4
CustomCandle_psr.ex4
CycleIdentifier2.ex4
CycleIdentifier2[LW].ex4
Daily_Hedge.ex4
Damiani_volatmeter v3.2.ex4
Damiani_volatmeter v3[1].2.ex4
DEMA.ex4
De****k Trendline Trader.ex4
DXTrade Daily Boxed Fibs&Pivots&Gann.ex4
EES-PH3_v1.ex4
EES-Risk_MM.ex4
Ehlers_iTrend_in_Color.ex4
EJ_CandleTime.ex4
EMA-RSI_R2_EA_Opt.ex4
EMATrailingStop_v1a.ex4
Entrex - H1.ex4
EURUSD-03….-04…..gif
FarhadCrab6.ex4
FBS CandleStick Patterns.ex4
FerruFx_Multi_info+.ex4
FerruFx_Multi_info+_2.ex4
FerruFx_Multi_info+_light_chart_v1[1].1-Ndisc..>
FerruFx_Trend+_2 w arrow.ex4
FiboRetracement3.ex4
Fisher_org_v12.ex4
flush.ex4
ForexGoldenGooseULTIMATE_D.ex4
Fruity Pebbles 1.1.ex4
FX Sniper’s CCI.ex4
FX Sniper’s CZI Overlay Final.ex4
FX Sniper’s SideWinder Overlay.ex4
FxKillerV2.ex4
GMACD_Signals.ex4
Good_Macd.ex4
Grid.ex4
H - aligator - b-clock modified.ex4
H - aligator - Clock.ex4
Happy Doji Lucky Hammer4.ex4
Harmonic Patterns.ex4
Harmonic Patterns1.ex4
Harmonic_Patterns.ex4
HedgeEA_v6.0.ex4
HedgeEA_v6[1].4.ex4
HedgeEA_v6[1].5.ex4
HedgeEA_v6[1].6.ex4
HedgeMadnessBUY.ex4
HedgeMadnessSELL.ex4
HedgingHedge Correlation.ex4
HedgingHedge Envelopes.ex4
Heiken Ashi v2.ex4
Heiken Ashi.ex4
Heiken_Ashi_kuskus2.ex4
Heiken_Ashi_kuskus21.ex4
Heiken_Ashi_Smoothed.ex4
HG_0001a.ex4
HG_0001a_MTF.ex4
HiLo Lines.ex4
Hma3.ex4
hma_power2.02.ex4
HMA_v07.1.ex4
i-TradingTimes.ex4
IBFX_-_Waves.ex4
IBFXDailyPivots.ex4
IchiMaWa.ex4
Icho-Trend[1].ex4
iFxovereasy12multipair.ex4
Ind-TD-De****k-3.ex4
joget-58.1-.ex4
Join the dots-v1.5.ex4
join-dots-bps-support-resistance-2.ex4
Keltner Channels.ex4
Keltner_ATR_Band.ex4
Keltner_Channels.ex4
KG GGH Signal V[1].1.2.ex4
KG RS GROUP.ex4
Ki****-Sen.ex4
kuskus_starlightv2.ex4
kuskus_starlightv21.ex4
L3Buy.ex4
L3Buy1.ex4
LastCandleTime.ex4
LCD.ex4
LetsFX-OnePersist.ex4
Linear Regression.ex4
LRC(2).ex4
MA_CrossHisto_Alert.ex4
MACD Traditional.ex4
MACD_Colored_v105.ex4
MACD_ColorHist_AlertGGEMA.ex4
MACD_Cross_Signaler(2).ex4
MACD_DEMA.ex4
MacdReversalEA-v1.40.ex4
MACDTraditional.ex4
Magnified ****ket Price.ex4
ManageTPv2-4.ex4
managetpv34.ex4
****ketTrend.ex4
MAST.ex4
MDA ****ket Price-1.ex4
MFI_R2_EA_v2.3.ex4
MML_Multi_Option_v1.23.ex4
Money Grid v1.ex4
MoonPhase.ex4
mtf high low close v4.gif
Multiple10Points-X2 v1.2.ex4
Multiple10Points-X2 v1.3.ex4
Multiple10Points-X2.ex4
Multiple10Points-X21.ex4
Multiple10Points-X22.ex4
Multiple10Points-X23.ex4
Multiple10Points-X2_v1.4.ex4
Multiple10Points-X2_v1.5.ex4
Multiple10Points-X2_v1.51.ex4
Multiple10Points-X2_v11.5.ex4
Multiple10Points-X2_v12.5.ex4
Multiple10Points_X2_v1.62.ex4
Multiple10Points_X2_v1.72.ex4
Multiple10Points_X2_v1.76.ex4
Multiple10Points_X2_v1[1].5.ex4
Multiple10Points_X2_v1[1].74.ex4
multisymbol_color-RSI_LQ_1.0.ex4
mVol.ex4
MyStrategyTrainerEA.ex4
NeuroTrend_Indicator.ex4
NeutralHedge osc_v3.ex4
NeutralHedge osc_v3[1].2.ex4
NeutralHedge osc_v4.ex4
NeutralHedge osc_v4[1].2.ex4
NeutralHedge Overlay_v1.ex4
NeutralHedge Overlay_v2.ex4
NEW_Multiple10Points-X2.ex4
nkBarTrader V1.2.ex4
nkBarTrader V1.3.ex4
nkBarTrader V1.6.ex4
nkBarTrader V1.6a.ex4
nkBarTrader V1.7.ex4
nkBarTrader.ex4
nkBarTrader1.ex4
nkBarTrader2.ex4
nkBarTrader3.ex4
nkBarTrader4.ex4
nkDMI_V4.ex4
nkEURMO5L.ex4
nkEURMO5L1.ex4
nkEURMO5L_V1.1.ex4
nkEURMO5L_V1.2.ex4
nkEURMO5L_V1.3.ex4
nkNikeiEA.ex4
nkNikeiEA_V2.ex4
NoLoss.ex4
NonLagMA_v7.ex4
Parabolic.ex4
PipMakerV5WINNER1itremd.ex4
pipnailer_perkyV1_EA.ex4
Pivots Points Median.ex4
Pivots Points.ex4
PointAndFigure.ex4
QQE.ex4
R2_Arrows_v2.ex4
range_bars_wlas_v1.ex4
ReEnterOrders.ex4
Report_v6.ex4
Report_v61.ex4
RoboMiner.ex4
Robot Forex …. Demo.ex4
RSI-R2 EA Ver1.5.ex4
RSI_LiDo.ex4
RSI_LiDo1.ex4
RSI_LIDO_Super_RSI_v1.92_Compatible.ex4
RSI_R2_EA_v2[1].9.ex4
Samuray_v10.ex4
Samuray_v8.ex4
Show Account Info Script v02.ex4
ShowSpread.ex4
Signals.ex4
SignalsProfit.ex4
Simple S&R-v1.2.ex4
SimpleDailyRangeBreakExpert_v1.23.ex4
SimpleDailyRangeBreakExpert_v1.24.ex4
Slope Direction Line.ex4
SlopeDirection_MTF.ex4
S****TASS-Original.ex4
Sniper 1.ex4
Sniper 2.ex4
Sniper 3.ex4
Sonic_Ind_v2.2 mod.ex4
SonicStriker_EA_v2.3.ex4
Spikes_****tingale_From_Hell_V1.ex4
spread swap.ex4
SpreadandRange .ex4
SPRTN_PseudoHedge_Indicator_her.ex4
StdDivBands.ex4
stoch spike_wackena scalperV5.1.ex4
STOCH_Bars_M#_v2.ex4
Straddle&Trail v3.31 GBPUSD.ex4
Straddle&Trail v5.00.ex4
Straddle&Trail v5[1].50.ex4
StrategyStatistics.ex4
Super RSI Ver. 1.92.ex4
Super RSI Ver. 1.94.ex4
Super RSI Ver1. 1.5.ex4
Super RSI Ver1. 1.6.ex4
Super RSI Ver1. 1.7.ex4
Super RSI Ver1. 1.92.ex4
Super_RSI_Ver_1.8.ex4
SuperRSIVer.1.92.ex4
Support and Resistance (Barry).ex4
Support and Resistance.ex4
swb_GRID 3.ex4
T1 - FiboRetracement3.ex4
T101 v2.4 ea.ex4
T_REX.ex4
The PID Controller.ex4
The PID Demo.ex4
Three Line Break.ex4
THV3 Coral_THICK.ex4
TIME.ex4
TOPTREND.ex4
Trend.ex4
trend_manager.ex4
TrendEnvelopes_v3.ex4
TrendHisto.ex4
TrendManager George T.ex4
TrendManager.ex4
TrendManager1.ex4
TrendManager2.ex4
TrendManagerNT.ex4
TrendManagerOpen2 ****erate window.ex4
TrendManagerOpen2.ex4
TriggerLines Histo_v03a DV.ex4
TSI-Osc.ex4
TudorGirl_Vorticity_2 (2).ex4
Turbo_JMA.ex4
Turbo_JMACD.ex4
Turbo_JRSX.ex4
Turbo_JVEL.ex4
Volamat1.ex4
WASV.ex4
WcciPatterns.ex4
WoodiesCCI.ex4
xMeterMTF.ex4
xMeterMTF1.ex4
YearlyPivot.ex4
Zero Lag MACD.ex4
ZeroLag MACD.ex4
ZeroLagStochGreen.ex4
ZUP_v64.ex4
ZUP_v71.ex4
ZUP_v75.ex4

Here’s something nice to see….comparing broker spreads are tedious but mt4i makes it easy..Check it out at mt4i

Too bad they have not added FXprimus to the list yet, maybe I will tell them later.

mt4i email said:

We are pleased to announce the start of a new service from MTI Live: comparison of broker spreads based on collection of every tick during the trading week.

You can find the new data and tools at http://www.mt4i.com/spread. We are monitoring the spread on every tick reported by brokers to MT4, compiling several million data points per week in order to let you do the following:

* Compare the average spreads on a symbol from different brokers (e.g. EURUSD)
* Compare the range of spreads from minimum to maximum, as well as the average
* Inspect the variation across different market sessions - for example, some brokers deliberately widen their spreads during the Tokyo session to hinder scalping
* View a “rate card” of a single broker’s spreads on several symbols (e.g. an Alpari Classic account)
* Chart the average spread from a broker, and the range of their spread (e.g. Alpari Demo/Pro)
* Draw a comparative chart of the average spreads on two or more broker accounts (e.g. Alpari Classic vs Alpari Demo/Pro)
* Open multiple browser tabs (using Ctrl+click) to switch easily between different information
* Bookmark individual pages of data, or share their URLs with friends and associates

You can read more about the collection process and analysis at http://www.mt4i.com/spread/aboutspreadcollection.aspx.

Over the coming weeks we intend to add more brokers and symbols to the service (particularly brokers), and more analysis functionality.

As ever, please do contact us with any suggestions or feedback you have. We are particularly interested in hearing from people who are prepared to let us use the read-only MT4 investor password on a live account in order to collect its spreads.

I was talking to a few forex traders yesterday and they wanted to know how they can earn as affiliates with FXPrimus. Its pretty easy and always remember to open an Affiliate Account before opening your Live account to gain some pips back as rebates via your own affiliate link.

Well here’s the steps below:

1. Click on http://www.fxprimus.com/index.php?r=2085
2. Click on Affiliate Account

3. Make sure the Referrer ID: is 2085 (that is my ID) on the form.
4. Fill up the form and upload your colour copy of Identification and Proof of Residence like credit card statements or bank statements.
5. Approval should be done in 24 hours.
6. Then when you get your approval email from support, just login FXPrimus and you will get your affiliate link like the one below.

How much can you earn as an affiliate ?

Earnings:

1) Affiliates with 0 – 20 clients are paid 0.25 pip per round turn.
-Illustration: if you have 20 clients that trade 15 standard lots per month you would earn

20 X !5 = 300 round turn trades (RTT)

300 RTT X 0.25 = USD 750

2) Affiliates with 20 and more clients are paid 0.5 pip per round turn.
- Illustration: if you have 100 clients that trade 15 standard lots per month you would earn

100 X !5 = 1500 round turn trades (RTT)

1500 RTT X 0.5 = USD 7500

Remember ! You only earn pips from one level unlike the Introducing Broker (IB). Introducing Broker gets more overiding pips but you must have minimum 50 clients under your referral ID. There is also a minimum client deposit of USD 100,000 or a total of 1000 standard round turn lots traded that must be achieved within the first 4 months of becoming an IB and thereafter a monthly new deposit of USD 25,000 or the monthly traded volume of your clients must be minimum 250 standard round turn lots per month.

Here is the forecast for this week, good luck in your trading.

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: buy.
GBP/JPY trend: buy.

Fibonacci Retracement Levels

Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
100.0% 1.3735 1.5202 89.47 121.89 135.48
61.8% 1.3620 1.5042 88.96 121.04 134.15
50.0% 1.3584 1.4992 88.80 120.78 133.74
38.2% 1.3549 1.4943 88.64 120.51 133.33
23.6% 1.3504 1.4881 88.44 120.19 132.82
0.0% 1.3433 1.4782 88.12 119.67 132.00