How to get your best forex trading indicators?

Most of the traders wants to get best forex trading indicators for their trading daily and they depend on signal of indicator to trade or place their buy-sell order. Indicator is not a human to understand the market but it follows the market price action only. When it get some mathematical result, it gives the signal. But as a trader you should not consider all signals to place your order. In this case you should have your own market analysis. When your criteria  and signal of indicator is same then you can place your order.

You can setup your own trading indicator by combination of default indicators. It can be combined with RSI & Bolingerband OR 
stochastic oscillator & Bolingerband. Some traders feel comfort with three  SMA as their best forex trading indicators. Some traders also combine SMA(simple moving average) and EMA(exponential moving average) for making their indicators.

You can also find custom indicator in internet. They offer with newly design and advanced signal with more accuracy result. It is sometimes costly.

Whatever, if you depend on indicator, you must be accustomed with it by practicing in demo account. Other wise, You will never find any indicator as your best forex trading indicators.

Forex News: EURJPY suddenly skipped 14 pips downword

We saw that some times ago EURJPY suddenly dropped skipping 14pips. From then it gradually going down.

Forex News: The euro fell on Thursday after weak data in the euro zone

The euro fell on Thursday after weak data in the euro zone strengthened the alarm about a decline in the area and the Australian dollar hanging from data showing a decline in Chinese industrial.

The news are differentiated by U.S. data showing the fall in unemployment benefits to a new four-year low in the last week.

The acquisition analysis managers index showed unexpected twists in the euro area was affected industrial activity and services in March by a thorny case the movement of French and German factory.

Previously reported PMI factory operations in China data fell in March for the fifth straight month, underlines concern about the risks of global development.

"It is important to note that the trajectory of U.S. data continues to point to a better recovery and in the sense that the report of claims for unemployment contrasts the figures released overnight out of China and the area euro "is supposed Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.

In contrast to the dollar, the euro was traded recently at $ 1.3158, up 0.4 percent, after hitting a sudden it was $ 1.3133.

In contrast to the yen, the euro fell 0.9 percent to 109.16. He had fallen to a low of 108.79 a week after the analysis of PMI, far from the euro is almost five-month high of 111.43 yen a truck on Wednesday.

"When you have a number like this in the euro area certainly calls into question the prospects for growth and point to a mild recession," said Niels Christensen, senior currency strategist at Nordea in Copenhagen.

"There must be a widening of credit spreads favourof dollar, so a lower euro / dollar will be the result."

On the other hand, the euro would have to break below $ 1.30 $ 1.30 to carry it - $ 1.35 barter has been in the last couple of months. A major sell-off in equities may be necessary for the time here, says Christensen.

The analysts said the poor PMI surveys highlighted the risk of a depression in the euro area and borrowing tangent pressure showed pure symbols.

PMI data from China considered growth-linked currencies, particularly the Australian dollar given the close trade ties with China.

Aussie fell nearly 1 percent compared to the U.S. dollar to hit a low of $ 1.0351 two months. More than 200 days simple moving average of $ 1.0399 and 200-day exponential moving average at $ 1.0375.

YEN increase

The yen was boosted by data from Japan showed the country without notice, trade recorded an extra 32.9 billion yen in February, not an estimate of the deficiency of 120,000,000,000 yen.

The dollar fell 0.5 percent in early opposition to the Japanese currency to 82.94 yen, moving away from a current 11 months of 84.187. The Japanese import deals are said to beat 82.50-70 yen, while exporters offers listed on 83.50.

Methodological also shows that there is little support for the dollar / yen at this stage, a 14-day simple moving average at 82.61, on day 50 at 79.40, 78.45 to 100 days and 200 days of 78.10. The 14-day exponential moving average was 82.62, on day 50 at 80.29, 79.17 to 100 days and 200 days at 79.11.

The yen has fallen nearly 8 percent against the dollar in 2012, the Bank of Japan's reduction steps and after the country last year recorded its first annual trade gap in 31 years due to a spike in fuel imports after the Fukushima nuclear disaster in 2012.

Forex news: GBP / USD is moving a modest zero.01% to 1.5701

The pound is the reduction of losses after information on the employment of the poor in the UK in January, bringing the cross to the new trade mark one.5700 on Wednesday,ahead of Bernanke's speech anon chief maturity.

In a rare gesture, the cable was unplugged from the euro in recent sessions of the most effective against a strengthening dollar and risk trends.

Currently GBP / USD is moving a modest zero.01% to 1.5701 with resistance laterone.5749 (high Mar.13) would one.5834 (Mar.8 high), then 1, 5869 (MA200d) andone.5884 (Mar.6 high).
The draw back, a violation of one.5606 (lower Bollinger) before one.5531 (Jan. 25 low) and 1.5517 (low Jan.23) and 1.5500 (61.8% 1 5234 to 1.5929).

Forex EUR/USD trending down for FOMC Statement

FOMC statement last night was taken much too little of the hard line on the market, due tothe large amount of AA optimistic assessment of the labor market and there is no mention of QE3, compatible with the team analysis Danske. "With a solid understandingof retail trade, has led to a selloff in U.S. markets fixed income who led the EUR-USDextends the lower rate."

"This outweighs the positive impact on the concentration EUR / USD in risky assets and strengthening the trend towards one.30 level," the analysts. "The impact of higher U.S. rates was jointly weigh heavily on USD / JPY, although the yen is also struggling due tothe worsening trade balance of Japan and many BoJ easing aggressively."

Foreign exchange reserves hit a record 18.31 billion dollars

Foreign exchange reserves hit a record 18.31 billion dollars in July, the week ended last 30 years, but have been reduced due to payment of the debt.

The holdings by the State Bank of Pakistan (SBP) fell to 12.55 billion dollars to $ 12.69 billion the previous week, while commercial banks rose to $ 4.25 billion dollars against 4.21 billion the previous week.

The reserves rose in June last year by the influx of $ 411 million, including $ 191.9 million loan from World Bank and a $ 196.8 million loan from the Asian development.

Higher export earnings and an influx record remittances also have contributed to supporting Pakistan in foreign exchange reserves.

According to official data, remittances increased by 19.6 percent to 6.33 million in the first half of fiscal year (July-June) compared with 5.29 billion the same period last year.

Islamabad has begun to repay $ 8 billion of loans from the International Monetary Fund in early 2012. Without additional revenue, which will put more pressure on foreign reserves in Pakistan.