Forex Blog

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

Archives

Forex Brokers Update — May 20th, 2018

May 20, 2018

Another week has passed without new brokers being added to our website. The list of updates to the existing companies is quite short:

eToro added new cryptocurrency pairs for trading: BCH/USD, XLM/USD, NEO/USD, and EOS/USD.

AMarkets has been marked as registered by the FSA of St. Vincent and the Grenadines. It is also …

Weekly Forex Technical Analysis (May 21 — May 25)

May 19, 2018

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1435 1.1593 1.1682 1.1839 1.1928 1.2085 1.2174

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1575 1.1647 1.1822 1.1894

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 …

US Treasury Yields Continue to Push EUR/USD Lower

May 17, 2018

EUR/USD fell today, extending its decline for the fourth consecutive trading session, as persistently firm US Treasury yields continued to bolster the US dollar. Macroeconomic data released in the United States over the current session was good for the most part, with the exception of unemployment claims that rose more than was …

EUR/USD Falls on European Politics

May 16, 2018 (Last updated on May 17, 2018)

EUR/USD dropped today on speculations that the Italian populist coalition may seek government debt forgiveness from the European Central Bank, though officials denied such allegations. As for US macroeconomic releases, the data was mixed, but no indicator was really bad.

Housing starts were …

EUR/USD Sinks as US 10-Year Treasury Yield Soars

May 16, 2018

The US dollar was extremely strong, prompting EUR/USD to tank, as the benchmark 10-year Treasury yield climbed above 3%. Adding to the strength of the currency were economic releases in the United States. Most of them were good with the exception of retail sales that missed expectations, though just a little bit.

Retail sales rose …

Forex Brokers Update — May 13th, 2018

May 13, 2018

Just a few updates this week:

CMC Markets launched Pro accounts for those traders who wish to avoid being hit by the new ESMA Forex rules and qualify to become elective professionals under MiFID II.

FP Markets now offer VPS service for $25/month to their customers.

Darwinex

Weekly Forex Technical Analysis (May 14 — May 18)

May 12, 2018

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1695 1.1759 1.1850 1.1914 1.2006 1.2070 1.2161

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1766 1.1864 1.1921 1.2019

EUR/USD Extends Rally Caused by CPI Miss

May 11, 2018

EUR/USD extended yesterday’s rally caused by the miss of the inflation data. Today’s data in the United States was a bit mixed, but mostly decent. Yet that did not prevent the currency pair from rising, erasing its losses over the week.

Both import and export prices rose in April. Import prices …

EUR/USD Halts Decline After US CPI Misses Expectations

May 10, 2018

EUR/USD rose for the first time after four consecutive sessions of losses as the US Consumer Price Index rose less than was expected. Other macroeconomic indicators released in the United States over today’s trading session beat expectation, but that hardly affected the rally.

CPI rose 0.2% in April, failing …

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 …

See Currency Rate Change in Percents on Your Chart

June 13, 2016 1 Comment

Daily Percentage Change is the latest addition to the list of free MT4/MT5 indicators I share on EarnForex.com. It is loosely based on this MT4 indicator. The main advantage of such an indicator is that it can be used in price action trading to get the understanding of the current session’s direction …