Forex Blog

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


EUR/USD Volatile After Torrent of Economic Releases

February 21, 2019 (Last updated on February 22, 2019)

EUR/USD demonstrated significant volatility today after a big number of economic reports were released both in the United States and the eurozone. The dollar and the euro were mixed as traders were trying to digest the data. Currently, the EUR/USD pair trades slightly below the opening level after attempting to rally earlier.

US …

Forex Brokers Update — February 17th, 2019

February 17, 2019

One new broker has been added to the list of companies on during the last week:

CapitalXP — an unregulated broker based in an offshore jurisdiction, it offers MT4 trading with $250 minimum account size and 1:100 maximum leverage.

Updates to the existing brokers included:

Weekly Forex Technical Analysis (Feb 18 — Feb 22, 2019)

February 16, 2019


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1128 1.1181 1.1236 1.1288 1.1343 1.1396 1.1451

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1182 1.1237 1.1289 1.1344

EUR/USD Bounces After Mixed US Data

February 15, 2019 (Last updated on February 16, 2019)

EUR/USD was heading lower at the beginning of the Friday’s trading session but has bounced later and is now trading near the opening level. Data in the United States was mixed, but it looks like traders paid more attention to bad parts as the currency were moving higher after almost every …

EUR/USD Jumps After US Retail Sales Drop Most in 9 Years

February 14, 2019

EUR/USD jumped sharply after US retail sales demonstrated the biggest decline in more than 9 years. While the currency pair has backed off from the daily highs by now, it is still trading firmly above the opening level. Earlier, the EUR/USD advanced after eurozone GDP came out

EUR/USD Slides After Eurozone Industrial Production Contracts

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

EUR/USD fell today, reversing yesterday’s gains. Market analysts argued that the possible reason for the decline was the bigger-than-expected contraction of eurozone industrial production. (Event A on the chart.) Macroeconomic data in the United States was not good as well, but that did not prevent the dollar from rising against the euro.

US …

USD/JPY Formed Short-Term Symmetrical Triangle

February 10, 2019 (Last updated on February 13, 2019) 2 Comments

The US dollar has entered an uptrend against the Japanese yen on the 4-hour chart on January 31. On February 4, the currency pair began to consolidate inside a symmetrical triangle with a slight bias towards an ascending triangle. A successful breakout up from this pattern can serve as a tradable continuation signal.

The borders of the triangle …

Weekly Forex Technical Analysis (Feb 11 — Feb 15, 2019)

February 9, 2019


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1135 1.1228 1.1275 1.1367 1.1414 1.1507 1.1554

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1217 1.1252 1.1356 1.1391

EUR/USD Extends Decline After Downgrade of Growth Forecasts

February 7, 2019 1 Comment

EUR/USD extended its decline for the fourth consecutive session today after the European Commission downgraded its growth forecasts. Poor macroeconomic data from the eurozone also weighed on the currency pair.

Initial jobless claims fell from 253k to 234k last week. That is compared to the average …

EUR/USD Falls for Third Consecutive Session on Economic Data

February 6, 2019

EUR/USD fell today for the third day in a row after Germany released a disappointing report on factory orders. Meanwhile, US data was good, with the trade deficit decreasing more than was expected. Signs of positive developments in the Sino-US trade talks provided additional boost to the US dollar against its …

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