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Another MetaTrader expert advisor was added to my site today — MACD Pattern. It’s based on the MACD patterns (Moving Average Convergence/Divergence), specifically for EUR/USD H4 chart. It shows quite interesting back-test results but, unfortunately, has also two major problems. First, it has more than 27% maximum relative …

Looking at the weekly chart of the EUR/USD currency pair it’s easy to say that it’s currently trading in some kind of a long term triangle pattern with the narrowing boundaries. Although, the upper boundary offers a strong resistance far below 1.5000 level, there is a high probability of the bullish breakout. Fundamental …

Trend indicators seem to be the most popular ones among the Forex traders. Indeed, Forex market is quite trendy and if a trader manages to catch this trend in its early stage and exit not long after the trend ends, considerable profit can be made. Today, a new free …

Sometimes it’s necessary to copy all your MetaTrader chart settings to another PC or save them while you are reinstalling Windows on your current PC, or in case you are moving to a new broker and have to download their platform. If you keep only one or two charts open — that’s not a problem, but if you …

Last week I’ve posted a pattern spotted on AUD/USD chart that seemed to be a descending triangle. It turned out to be false (with several features pointing on that fact even 7 days ago) and the whole pattern has now transformed into a falling wedge with a very gradual narrowing, which suggests …

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

…

Dollar seems to be reacting positively to the good news from the U.S. housing market, despite the fact that improvement in the real state sector signalizes the recovery of the economy, which usually leads to the rise of the high-yielding currencies and the fall of the low-risk currencies …

I’ve been contacted by a representative of FxCompany that asked me if I can do an on-line interview with him. So, I decided that the readers of my blog would probably be interested to hear what one of the popular MetaTrader broker can say about its business and the overall market situation. I’ve sent the questions …

EUR/USD rose for a second day today as the long-term U.S. securities transaction balance appeared to be negative in May. Euro rose against the dollar not as fast as yesterday but it still continued to dominate on Forex over the less interest-rich currencies. EUR/USD is now trading near 1.4124.

Initial jobless …

FxCompany is an on-line Forex broker company registered on Mauritius and regulated by its Financial Services Commission. This broker offers about 400 different trading instruments, including Forex pairs, CFDs, futures, metals and oil. It also features one of the best spreads on EUR/USD I’ve seen — only 0.8 pip. I don’t even know …