Forex Blog

This blog offers fundamental analysis, technical analysis and various currency trading information.


Forex Brokers Update — March 17th, 2019

March 17, 2019 1 Comment

Another week has passed without new additions to the list of Forex brokers on our website, but there are some old brokers to report on:

RoboForex is switching spreads from fixed to variable in Fix-Standard and Fix-Affiliate accounts from April 1. CFDs and cryptocurrencies have been added to these account …

Weekly Forex Technical Analysis (Mar 18 — Mar 22, 2019)

March 16, 2019


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1126 1.1174 1.1249 1.1296 1.1371 1.1419 1.1494

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1181 1.1262 1.1303 1.1385

EUR/USD Rises, Then Falls amid Directionless Trading

March 15, 2019 1 Comment

EUR/USD was rising today but has trimmed its gains by now. Trading was rather directionless on Friday as there was no major market-moving news. As for US data, it was mixed.

NY Empire State Index dropped from 8.8 to 3.7 in March instead of rising to 10.1 as analysts …

EUR/USD Ends Its Four-Day Rally

March 14, 2019

EUR/USD declined today, ending its four-day rally. There were several possible reasons for that. Some analysts named German inflation, which missed expectations, as one of them. But surprisingly, the currency pair actually rose after the release, not fell. Other reasons named by market analysts were …

EUR/USD Rises for Fourth Consecutive Session

March 13, 2019

EUR/USD gained today, rising for the fourth consecutive trading session. Some market analysts explained the rally by US producer inflation, which missed expectations. But other US indicators were good, and it did not seem that macroeconomic data affected the currency pair to a great degree. Other analysts speculated …

EUR/USD Rallies After Core US CPI Misses Mark

March 12, 2019

EUR/USD rallied today following the release of US inflation data. While the headline figure matched expectations, underline inflation slowed unexpectedly.

CPI rose 0.2% in February, matching analysts’ expectations exactly. The index showed no change in January. Core CPI rose just 0.1%, whereas market participants were expecting …

EUR/USD Moves Sideways, Ignores US Retail Sales

March 11, 2019

EUR/USD was moving sideways in a range today. US retail sales came out better than expected, but the currency pair shrugged off the news.

Retail sales rose 0.2% in January, whereas market participants had expected no growth. The decline in December was revised from 1.2% to 1.6%. (Event …

Forex Brokers Update — March 10th, 2019

March 10, 2019

There is nothing to report in terms of new brokers for the week, but some of the listed companies have been updated:

FxPro now has offices in Bahamas, Monaco, and the UK. The broker no longer accepts deposits via WebMoney and does not offer trading by phone. MAM and PAMM facilities are available and there …

Weekly Forex Technical Analysis (Mar 11 — Mar 15, 2019)

March 9, 2019


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.0940 1.1058 1.1145 1.1263 1.1350 1.1468 1.1556

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1050 1.1130 1.1255 1.1335

EUR/USD Rallies After US NFP, Unable to Erase Thursday’s Losses

March 8, 2019 (Last updated on March 11, 2019)

EUR/USD rallied today, though the rally was not nearly enough to erase yesterday’s slump caused by the dovish European Central Bank. The currency pair rallied as US nonfarm payrolls surprised markets, showing barely any growth of employment. Yet the rally was capped by other parts of the report. Both the unemployment rate …

[Poll] What Is the Best Way to Backtest?

March 4, 2019

If you want to be sure that your strategy can yield better results than you would attain by simply buying and selling randomly, you need to test it. There are two ways of doing it: backtesting (when you use past data to see how the strategy …

PSC Now Supports ATR SL/TP and Reverse Risk Calculation

February 27, 2019

Apart from some bugfixes, the version 2.18 of Position Size Calculator contains three new features:

    ATR-based stop-loss and take-profit are now a thing. If you prefer to set your SL/TP by the multiples of the Average True Range indicator, you can now do so automatically with

Ignore or Append Saturday/Sunday Hours in Market Profile

December 24, 2018

The new version of Market Profile, which has been released just now, implements two new major changes and two minor ones.

The first major change is that you can now control how the indicator processes Saturday and Sunday candlesticks. Before the update, it would try …

PSC Gets Ready for Volumes with 8 Decimal Places in Crypto

November 6, 2018 2 Comments

With ampler layout and lots of bugs squashed, version 2.15 of Position Size Calculator together with version 1.06 of PSC-Trader have been released today. The main goal of this update was to fix as many errors and inconsistencies in calculation and display as possible. The second goal was to add some of the requested …

New Market Profile Indicator — Focus on Stability and Performance

May 28, 2018

Upon receiving quite a lot of feedback and suggestions on further improvement of the Market Profile indicator, I have finally managed to prepare the new version — 1.08. The latest build is now more robust than ever:

    Smart color calculation prevents “overflows”, making the color of the profile’s blocks change smoothly and gradually.

New Position Size Calculator: SL and TP Which Follow Entry Line and Are Set in Pips

May 18, 2018

The newest version (2.14) the Position Size Calculator indicator, which is released today, introduces a new way to set stop-loss and take-profit for your potential trade setups. You can set the new input parameters UseFixedSLDistance and UseFixedTPDistance to true to turn this new mode on:

The example …

Display Market Profile for Intraday Sessions in MetaTrader

February 6, 2018

Two years ago, I have added the capability for a Market Profile indicator to work with weekly and monthly trading sessions. One of the members of our Forum suggested adding customizable intraday sessions to Market Profile. Considering the fact that quite a few Forex traders use Market Profile for analysis, …

Profile Persistence and Pip Value Display in Position Size Calculator

August 25, 2017

Today’s update to the Position Size Calculator indicator is not as big and significant as the last one, but I am sure the version 2.08 will be interesting to many traders.

Platform profile change will no long disrupt your panel location, minimization status, and settings:

Pip value

Spread Display and Take-Profit Multiplier in Position Size Calculator

July 24, 2017

It is time to roll out a new version of the Position Size Calculator indicator. Although the new release does not implement any breakthrough changes it introduces some useful features and fixes one annoying bug.

Take-profit button multiplier (set via input parameter) can be …

Free Order Management EA with a Graphic Control Panel

February 6, 2017

I remember myself during my early Forex years, sitting on a bunch of positions across five or six currency pairs and thinking — how do I make them all close at once when their total profit reaches my target? Now, I have developed a tool that does exactly that. I am pleased to announce the launch …