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Weekly Forex Technical Analysis (Jul 16 — Jul 20)

July 14, 2018

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1424 1.1518 1.1602 1.1696 1.1780 1.1874 1.1958

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1516 1.1597 1.1694 1.1775

EUR/USD Fails to Enter Downtrend, Ignores US Fundamentals

July 13, 2018

EUR/USD was falling during the European trading session and rising during the US one today, but did not pay a lot of attention to the macroeconomic indicators. Those were largely negative for the US dollar.

US export and import prices demonstrated mixed performance in June. Export prices increased by 0.3% while the import …

EUR/USD Recovers on Mixed US Data

July 12, 2018

The euro had fallen against the US dollar during the first half of the European trading session before the US macroeconomic data was released. Following the release of the inflation and employment indicators, the EUR/USD currency pair has recovered its losses.

US CPI was reported to have risen 0.1% in June on a seasonally adjusted …

EUR/USD Trades Mostly Unfazed by US Macro Indicators

July 11, 2018

The EUR/USD currency pair has experienced some intraday volatility during the early European trading session, but mostly ignored the US fundamentals, which were rather good. The euro is trading just below its open level against the US dollar now.

US PPI increased by 0.3% in June on a seasonally …

Bullish Pennant on Daily Chart of CAD/JPY

July 8, 2018 (Last updated on July 11, 2018)

After a strong rally during June 28–29 trading session, CAD/JPY entered a minor consolidation. The formed pattern looks like a bullish pennant albeint an imperfect one (there is a slight upward slope). A bullish breakout would mean a continuation of the previous rally.

The yellow lines mark the pole and the borders of the pennant. The cyan …

EUR/AUD Consolidated in Symmetrical Triangle Following Uptrend

July 8, 2018 (Last updated on July 9, 2018)

If you look at the four-hour chart of EUR/AUD, you can notice that the currency pair had spent roughly a month in an uptrend. The growth stalled near the end of June and has formed a rather smooth symmetrical triangle pattern since then. Such a classic continuation setup allows us to attempt catching a bullish …

Forex Brokers Update — July 8th, 2018

July 8, 2018

There were just a few updates worth mentioning this week:

IQ Option added lots of new currency pairs and CFDs. Bitcoin trading with 1:100 leverage has been added for traders who operate via IQ Option’s unregulated legal entity.

easyMarkets launched trading in ETH/USD and XRP/USD cryptocurrency …

Weekly Forex Technical Analysis (Jul 9 — Jul 13)

July 7, 2018

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1457 1.1524 1.1634 1.1701 1.1811 1.1878 1.1987

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1535 1.1655 1.1712 1.1832

EUR/USD Rallies on Soft NFP

July 6, 2018

EUR/USD rallied today, finding help from the disappointing US nonfarm payrolls. While employment rose more than was expected, other indicators failed to meet expectations. The currency pair rallied even as new US tariffs of Chinese goods kicked in, meaning that the trade war between the United …

EUR/USD Gets Boost from Underwhelming US Employment

July 5, 2018

EUR/USD rallied today, getting boost from worse-than-expected US employment data. Meanwhile, data in the eurozone was good.

ADP employment rose by just 177k in June, missing the analysts’ average estimate of 190k. On a positive note, the May increase got a positive revision from 178k to 189k. (Event A on the chart.)

Initial

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

MetaTrader Panel for Position Size Calculator

September 7, 2016 (Last updated on February 5, 2017) 7 Comments

In February 2008, I have launched a simple online position size calculator — a tool that helped thousands of traders to open trades based on their risk preference. In March 2012, I have published the first version of position size calculator (PSC) indicator for MetaTrader. Now, 4 …