Forex Blog

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


EUR/USD Rises Following Drop Caused by FOMC Announcement

September 19, 2019

EUR/USD reversed its movement, rising today following yesterday’s drop caused by the hawkish interest rate cut by the Federal Open Market Committee. Markets are still trying to digest the FOMC statement and understand whether the cut was the end of the mid-cycle adjustment. As for today’s US macroeconomic data, it was mixed, giving …

EUR/USD Drops After FOMC Slashes Rates, Doesn’t Promise More Cuts

September 18, 2019 (Last updated on September 19, 2019)

EUR/USD dropped today after the Federal Open Market Committee performed an interest rate cut. While markets were anticipating such move for some time now, ahead of the announcement doubts started to creep in. And while the Committee did make a cut after all, markets considered the statement to be …

EUR/USD Rallies on German Business Sentiment

September 17, 2019

EUR/USD jumped today after the business sentiment for Germany as well as the whole eurozone showed a surprisingly sharp improvement this month. (Event A on the chart.) But market participants question the ability of the currency pair to maintain its upward momentum for long, especially if the Federal Reserve will disappoint markets with its …

Forex Daily Volume Soars to $6.6 Trillion in 2019 According to BIS

September 16, 2019

Three years have passed since the last issue of the Bank’s of International Settlements triennial report on the FX market. So today was the right time for the release of the 2019 version of the Triennial Central Bank Survey of FX and over-the-counter (OTC) derivatives markets. As always, the report is based on the data from April …

EUR/USD Starts Week with Big Slump

September 16, 2019

EUR/USD started the week extremely soft, demonstrating a big drop on Monday. Market analysts speculated that the reason for the decline were dovish comments from European Central Bank officials, which suggested the central bank will maintain or even expand its monetary stimulus. Additionally, speculators trimmed bets on interest

Forex Brokers Update — September 15th, 2019

September 15, 2019 (Last updated on September 16, 2019)

No new brokers have become listed during the last week, but we have some updates to report on:

ForexMart removed its range of no-deposit bonuses in favor of lowering their spreads. Spreads on Classic, Pro, and Cent accounts have now been properly marked as variable (with 1 pip, …

Weekly Forex Technical Analysis (Sep 16 — Sep 20, 2019)

September 14, 2019


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.0778 1.0853 1.0961 1.1035 1.1144 1.1218 1.1327

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.0861 1.0978 1.1044 1.1161

EUR/USD Volatile After ECB, Decides to Go Higher

September 12, 2019 (Last updated on September 14, 2019)

EUR/USD was extremely volatile after the monetary policy announcement of the European Central Bank. The currency pair sank initially following the event but quickly bounced, ultimately trading above the opening level. As was widely expected, the ECB cut interest rates and reintroduced quantitative easing. But the size of both the interest rate …

Forex Regulation Authorities

September 12, 2019

Update 2019-09-12: An in-depth update has been performed to bring the regulatory information presented in this guide to reflect the current state of affairs (especially, the post-ESMA regime changes in Europe) and to add two important regulators — the FSCA (South Africa) and the IIROC (Canada).

While all transactions in a stock or futures markets are carried out …

EUR/USD Declines as Markets Wait for ECB

September 11, 2019

EUR/USD declined on Wednesday. Market analysts speculated that the decline was a result of anticipation of monetary stimulus from the European Central Bank, which it is expected to announce on Thursday. US macroeconomic data released over the trading session was decent enough to give the dollar additional boost against the euro.


My sRs Trend Rider 2.0 Test and Review

July 23, 2019

Disclaimer: I have received a free copy of sRs Trend Rider 2.0 for review, but I am in no way affiliated with Vladimir Ribakov.

sRs Trend Rider 2.0 is a trading system, which includes a set of expert advisors and indicators as well as an explanatory ebook. The main purpose of sRs Trend Rider 2.0 …

Switch ATR Timeframes and Move SL/TP Lines Freely in New PSC

July 8, 2019

Version 2.22 of Position Size Calculator fixes two minor bugs and introduces three cool new features:

You can set the input parameter UseCommissionToSetTPDistance to true and then the Take-profit button will use the entered commission when calculating the TP line location:

If you leave …

[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