Forex Blog

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


EUR/USD Rises amid Slew of US Economic Reports

November 25, 2020

EUR/USD rose on Wednesday. There was a huge amount of US macroeconomic reports today as many releases were shifted due to Thanksgiving Day on Thursday. The data did not paint a conclusive picture of the US economy, being mixed. The Federal Open Market Committee released minutes of its latest monetary policy …

EUR/USD Rallies on German Data, Struggles to Keep Gains

November 24, 2020

EUR/USD rallied today thanks to the better-than-expected macroeconomic data released in Germany as well as persisting optimism among traders caused by the good news about the coronavirus vaccine development. The currency pair has lost a significant part of its gains after the initial rally, though, but currently is trying to regain its upward …

EUR/USD Rallies on COVID-19 Vaccine News, Falls After US PMIs

November 23, 2020

EUR/USD was rallying on Monday as positive news about the COVID-19 vaccine continued to come out. But the currency pair failed to maintain its rally and has fallen below the opening level by now. One of the possible reasons for the decline were the flash Markit PMIs, which showed an unexpected improvement.

Markit manufacturing

Forex Brokers Update — November 22nd, 2020

November 22, 2020

Four new Forex brokers have been added to our website this week:

Blaze Markets — a classic offshore (St. Vincent & the Grenadines) MT4 Forex broker with crypto offering and cent accounts starting from $100.

HFTrading — a Forex broker regulated in both New Zealand and Australia. …

Weekly Forex Technical Analysis (Nov 23 — Nov 27, 2020)

November 21, 2020


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1737 1.1776 1.1817 1.1856 1.1897 1.1935 1.1977

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1777 1.1819 1.1856 1.1899

EUR/USD Recovers from Intraday Loss Despite Positive US Data

November 19, 2020

EUR/USD was falling today but has bounced since then and is trading near the opening level as of the time of writing. The currency pair managed to recover despite Thursday’s US macroeconomic releases, most of which were good. The only exception was the jobless claims report, which showed an unexpected increase — the first …

EUR/USD Continues to Consolidate

November 18, 2020

EUR/USD did not move far today as markets remained in a consolidation mode. There were not many macroeconomic reports released in the United States today, and those that came out were not particularly important.

Housing starts were at a seasonally adjusted annual rate of 1.53 million in October, up from …

PSC Update — Stop-Limit Orders and Script Confirmation Window

November 18, 2020 3 Comments

With no updates in almost 6 months, it is time to announce the latest version of Position Size Calculator — 2.32. It includes 24 changes to this MetaTrader indicator. The most exciting upgrades are listed below for your information:

    Stop-limit orders are now supported in MetaTrader 5

EUR/USD Fails to Keep Upward Momentum

November 17, 2020

EUR/USD was rising on Tuesday, extending Monday’s rally caused by the news about another coronavirus vaccine being close to completion. But the currency pair was unable to sustain its bullish momentum and settled almost at the opening level. Tuesday was rich in terms of macroeconomic reports in the United States.

Retail sales

Forex Brokers Update — November 15th, 2020

November 15, 2020

We have five new Forex companies to report on this week with three of them offering nearly identical trading conditions, which suggests the same origin:

Investous — an offshore (Belize) Forex broker with accounts starting from $250 and rather high spreads unless you are opting for their …

PSC Update — Stop-Limit Orders and Script Confirmation Window

November 18, 2020 3 Comments

With no updates in almost 6 months, it is time to announce the latest version of Position Size Calculator — 2.32. It includes 24 changes to this MetaTrader indicator. The most exciting upgrades are listed below for your information:

    Stop-limit orders are now supported in MetaTrader 5

MT4/MT5 Indicator to Plot TD Sequential Setup, Countdown, and Support/Resistance Levels

September 8, 2020

If you ever wanted to trade using Tom DeMark’s TD Sequential methods on a MetaTrader broker but found the currently available indicators lacking, you will be delighted to get hold of my latest creation — TD Sequential Ultimate. It is a free open-source indicator available for MetaTrader 4 and MetaTrader …

Basic Scheduling EA for MetaTrader

August 11, 2020

Have you ever wanted to set up a schedule for your MetaTrader platform to turn off AutoTrading at a given day and time and then re-enable it at some other day and time? Me neither! But I am quite sure there are many people who need something like that. AutoTrading Scheduler

Control Panel for Price Alert Indicator in MT4/MT5

July 20, 2020

Price Alert indicator has got a complete overhaul today and is now equipped with a small but very functional panel. You can use it to set price levels, enable and disable alert types, and quickly remove the indicator. Push-notification alerts are now supported by the indicator. Additionally, input

Arbitrary Rectangle Sessions with Market Profile Indicator

July 14, 2020

Today a new version of Market Profile indicator for MetaTrader 4 and 5 has been released. There are three main additions to the indicator this time:

The biggest one is the rectangle sessions. They are enabled by setting the Session input parameter to Rectangle and adding any …

Divide Your Position into Multiple Trades with Several Take-Profit Levels with New Position Size Calculator

May 29, 2020 4 Comments

Another major release of Position Size Calculator is out today — version 2.29. Its biggest highlight is the possibility to create multiple trades based on a single calculated position size by launching the PSC-Trader script (which also got updated to version 1.08). The list of changes is available below:


Account Protector Gets New Conditions, Actions, and Control

April 17, 2020

Our Account Protector is a powerful expert advisor, but not in the sense it is often understood by online Forex traders. It doesn’t trade for you by opening buy or sell positions automatically. Account Protector manages your trading account’s risk by enabling you to select a set of actions to trigger when …

Highly Customizable Indicator to Trade Round Numbers

March 18, 2020 4 Comments

Trading off round numbers is a rather popular technique in Forex and other financial markets. Although round price levels rarely hold any meaningful fundamental value, they provide solid psychological points of reference to human traders. This makes them quite effective when trading psychology-dominated markets. That …

Most Trending Currency Pairs in Forex + TrendStats Script

February 17, 2020 2 Comments

Quite some time has passed since I published my last post on the Forex pairs that trend the most. A lot of stuff has changed since then and because a lot of readers have asked me to post an update, I am finally doing it today. But not only that, I am …

New Indicator to Trade Price Action — Basing Candlesticks

December 2, 2019

Quite some time ago, one of our forum members asked for an indicator to detect basing candles in MetaTrader. Today I present a new free indicator both for MT4 and MT5 — Basing Candlesticks.

It is a minimalistic indicator that compares the body size of the candle against its high-low range and, …