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EUR/USD Falls on Wednesday

January 23, 2019

EUR/USD fell during Wednesday’s trading. Analysts pointed at several possible reasons for the drop, including the continuing government shutdown in the United States and cancellation of trade talks between the USA and China scheduled for this week. As for macroeconomic data, the government shutdown means that there will be few reports this week.

Richmond

Weekly Forex Technical Analysis (Jan 21 — Jan 25, 2019)

January 19, 2019

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1179 1.1266 1.1316 1.1403 1.1452 1.1539 1.1589

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1257 1.1297 1.1393 1.1434

EUR/USD Declines amid Speculations About US Tariffs Rollback

January 18, 2019

EUR/USD declined today even as the US consumer sentiment worsened significantly this month. Yet the improving industrial production helped the dollar to gain on the euro. Another reason for the dollar’s strength was the rumor that the United States are considering lifting tariffs on Chinese imports.

Industrial production rose 0.3% in December …

EUR/USD Little Changed Despite Disappointing Eurozone Inflation, Positive US Data

January 17, 2019

EUR/USD was little changed today even after the inflation print released in the eurozone came out below expectations (event A on the chart), while US macroeconomic indicators surprised positively.

Philadelphia Fed manufacturing index jumped from the revised reading of 9.1 in December to 17.0 in January. Analysts had …

EUR/USD Declines for Fourth Day in Five

January 16, 2019

EUR/USD declined today, falling for the fourth session in five. Some market analysts explained the gains of the dollar against the euro by rising Treasury yields, while others pointed at the pessimistic outlook for the eurozone economy as the reason for the decline of the currency pair.

Both import and export prices fell in December. Import prices declined 1.0% following …

EUR/USD Crashes as German Economy Slows, Brexit Vote Starts

January 15, 2019

EUR/USD crashed today. There were a couple of likely causes of the crash: slowing growth of the German economy and the Brexit vote in the British parliament. The currency pair tumbled even as US macroeconomic data was disappointing. Talking about US data, there will be fewer releases than usual in the near future due …

Weekly Forex Technical Analysis (Jan 14 — Jan 18)

January 13, 2019 (Last updated on January 14, 2019)

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1207 1.1301 1.1382 1.1476 1.1557 1.1650 1.1731

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1298 1.1375 1.1473 1.1550

Forex Brokers Update — January 13th, 2019

January 13, 2019

One new broker became listed on EarnForex.com this week:

One Global Market — an FCA-regulated direct market access broker with low variable spreads. They offer accounts with as little as $100 and somehow provide 1:100 leverage.

Updates to the existing brokers included:

EUR/USD Drops After US CPI Matches Market Expectations

January 11, 2019

EUR/USD fell today after a report showed that US consumer inflation slowed last month but was within expectations. A report on treasury budget was planned for today, but it was postponed indefinitely due to the government shutdown.

CPI declined 0.1% in December on a seasonally adjusted basis, in line with …

EUR/USD Surges, Maintains Gains After Dovish FOMC Minutes

January 9, 2019

EUR/USD surged today as dovish comments from US policy makers resulted in doubts whether the Federal Open Market Committee will continue monetary tightening in 2019. FOMC minutes released today added to such doubts as markets considered the notes to be dovish.

US crude oil inventories shrank by 1.7 …

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 …

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