Forex Blog

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


EUR/USD Climbs as US Inflation Stagnates

December 12, 2018

EUR/USD rallied today after data showed that US inflation stalled last month. The general positive market sentiment also helped the currency pair.

CPI showed no change in November, exactly as analysts had predicted. The index was up 0.3% in October. (Event A on the chart.)

US crude oil inventories

Global VPS Provider with Customizable Plans — Kamatera

December 12, 2018

Kamatera does not focus on currency traders specifically, however the company offers a rather inexpensive Windows VPS hosting, which can be used to run your favorite trading platform. Their data centers are located in seven different countries (with multiple sites in the United States and Israel), making them …

EUR/USD in Short-Term Symmetrical Triangle on Daily

December 9, 2018

The previous EUR/USD symmetrical triangle formation was a long-term one — it lasted through the entire summer of 2018. The current one is a short-term one, having started just a month ago. Although the previous pattern failed as a trade, the currency pair indeed continued its downward trend. The current triangle offers …

Forex Brokers Update — December 9th, 2018

December 9, 2018

This week, there were no new Forex brokers to report on, but some of the old companies have been updated:

RoboForex no longer offers Pro-ECN account type.

Trader’s Way now offers MT5 ECN accounts.

FXCM now has agriculture CFDs available for trading (wheat and corn).…

Weekly Forex Technical Analysis (Dec 10 — Dec 14)

December 8, 2018


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1217 1.1264 1.1330 1.1377 1.1443 1.1490 1.1556

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1269 1.1340 1.1382 1.1453

EUR/USD Climbs After NFP, Reverses Gains by Session’s Close

December 7, 2018 (Last updated on December 8, 2018)

EUR/USD was volatile after US nonfarm payrolls missed expectations. Initially, the currency pair surged but trimmed gains immediately. Nevertheless, it continued to move higher afterwards. Yet by the very end of trading, the EUR/USD moved sharply down, almost erasing the …

EUR/USD Rallies, Supported by US Employment Data Miss

December 6, 2018

EUR/USD rallied today. The rally accelerated after the release of US employment data, which missed expectations. The market sentiment was negative following the news about the arrest of Huawei CFO Meng Wanzhou, but that did not help the dollar to rebound.

ADP employment rose by 179k in November, …

How Old Were You When You Started Trading Forex?

December 3, 2018

In early 2000’s, when popularity of online Forex trading began to proliferate, first traders that opened accounts were mostly experienced professional speculators with background in old-style phone and (even floor) trading in currencies, equities, or commodities. This group largely consisted of mature men and (rarely) women. A bit later …

EUR/USD Stable After Volatile Moves on US-China Truce News

December 3, 2018

EUR/USD was moving up and down after the news that United States and China achieved a temporary truce in the trade war. Currently, the currency pair trades flat. US macroeconomic data, which was mixed, was overshadowed by the news about ceasefire.

Markit manufacturing PMI was at 55.3 in November according …

Forex Brokers Update — December 2nd, 2018

December 2, 2018

There were no new broker listings on this week, but some of the listed companies have been updated:

IFC Markets added MT5 account types.

Plus500 increased maximum leverage from 1:50 to 1:300 on Forex.

Pepperstone lowered spreads in its Razor account type and increased the maximum leverage …

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 …

PSC Panel Scaling for High-DPI Displays

December 21, 2016

MetaQuotes has spurred my development process, forcing me to release the next version of the Position Size Calculator indicator much faster than I had intended to. Their latest changes to both MT4 and MT5 platforms prevented compilation of the PSC source code due to new way the string variables must be …

New: See Swaps Info, Control Trading Script via PSC Panel

November 11, 2016 (Last updated on January 25, 2018) 1 Comment

It is time to release another version of Position Size Calculator indicator. It has some important bugs fixed and also adds new exciting features, including two new tabs. The complete list of changes is provided below.

    The Balance button on the Main tab now has a third

Major Fixing of Position Size Calculator + Symbol Leverage Display

September 20, 2016 2 Comments

I have uploaded a new version of Position Size Calculator indicator for MetaTrader today. It addresses several issues mentioned in the forums and in support messages and provides better usability. Here is the list of changes:

    Calculated symbol Leverage is now visible in the Margin tab of the panel. Fixed a bug that