Swiss Franc Technical Outlook

The USDCHF nearly dropped below 1.04 this morning. Potential trendline support drawn off of the March and July lows may provide the demand needed to inspire a rally / consolidation.

BB difference has exceeded the level that was reached at the height of the early 2008 decline that saw the USDCHF plummet below 1. The implications are that the decline is stretched and that at least a retracement is due.

Euro Technical Outlook

This is truly an historic month (and year for that matter) for the EURUSD. At this point, the EURUSD has rallied over 15% for the month. The record rally in % terms for one month is about 11%, and that was in February 1973! The month is not over and the pair could come off substantially in these market conditions.

The EURUSD sliced through 1.4 (50%) and 1.45 (61.8%) like a warm knife through butter and is now putting the 200 day SMA (red line) to work. The diagonal line on the chart is the former long term support line drawn off of the February 2002 and March 2006 lows. That line crosses 1.4776 today and increases about 6 pips per day. Worthy of note is that Bollinger Band difference is higher than it was during the strongest part of the previous decline. If anything, this suggests that at least a range should take hold soon.

[ForexGen Introducing Brokers]

Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.

WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?

* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.

In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.

Individualized service

[ForexGen] offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.

ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make [ForexGen]
incomparable to any other rival.