Forex Blog

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


Weekly Forex Technical Analysis (Jun 17 — Jun 21, 2019)

June 16, 2019


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1020 1.1111 1.1161 1.1252 1.1302 1.1393 1.1443

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1100 1.1140 1.1241 1.1281

Forex Brokers Update — June 16th, 2019

June 16, 2019

No new brokers appeared on this week, just a few updates to the listed companies:

AvaTrade now accepts Boleto, FasaPay, and UnionPay for payments. МТ5 demo accounts are now available. Traders can also keep account balance in Australian dollar, Japanese yen, Swiss franc, and Great Britain pound. …

EUR/USD Sinks After US Retail Sales, Industrial Production

June 14, 2019

EUR/USD sank today even as US retail sales missed expectations. But the miss was small and the core components came out within expectations. Furthermore, both the headline and underline figures for the preceding month got a positive revision. And on top of that, industrial production beat forecasts. The positive data eased concerns that …

EUR/USD Flat Below 1.13

June 13, 2019

EUR/USD attempted to rally today but failed and is now trading about flat below the psychologically important 1.13 level. There were no particularly important macroeconomic releases today, either in the United States or in the eurozone. Tomorrow, US retail sales will draw the most attention, being considered a relatively major …

EUR/USD Sinks Despite Slowing US Consumer Inflation

June 12, 2019

EUR/USD was falling during the Wednesday’s trading session. The currency pair made a short-lived attempt to rally on the back of slowing US inflation but quickly resumed its decline.

CPI rose 0.1% in May, in line with expectations, after rising 0.3% in April. (Event A on the chart.)

US crude oil inventories increased …

Top 11 Forex Calendars in 2019

June 10, 2019

This post is a huge 2019 update to our previous review of Forex calendars published back in 2017.

If you trade based on fundamental analysis or employ a news trading strategy, then an economic calendar is an indispensable tool for you. If you are a technical analysis

Weekly Forex Technical Analysis (Jun 10 — Jun 14, 2019)

June 9, 2019


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1024 1.1092 1.1212 1.1280 1.1400 1.1468 1.1588

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1105 1.1238 1.1293 1.1426

Forex Brokers Update — June 9th, 2019

June 9, 2019

With no new companies to report on this week, the following summary covers the already listed brokers that had their descriptions updated during the period:

LiteForex introduced deposits and withdrawals via Bitcoin Cash.

SimpleFX added Monero and Ethereum Classic to deposit options. The broker also revamped its account system …

EUR/USD Surges After Nonfarm Payrolls Provide Huge Disappointment

June 7, 2019 (Last updated on June 8, 2019)

EUR/USD surged today after US nonfarm payrolls came out hugely disappointing. Employment growth was far below expectations and wage inflation missed forecasts as well. Only the unemployment rate matched predictions.

US nonfarm payrolls rose by 75k in May versus 177k predicted by experts. Furthermore, the April increase …

EUR/USD Surges After ECB Monetary Policy Meeting

June 6, 2019

EUR/USD was somewhat volatile after today’s monetary policy meeting of the European Central Bank but ultimately decided to go higher. (Event A on the chart.) ECB President Mario Draghi signaled that the central bank does not plan interest rate hikes until at least mid-2020, but markets decided that …

[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 …