Forex Blog

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


EUR/USD Down for Third Day as US Treasury Yield Surges

April 23, 2018

EUR/USD fell today, declining for the third consecutive trading session. Market analysts explained the dollar’s strength by the surging yield for 10-year US Treasuries, though bets on an interest rate hike from the Federal Reserve in June were certainly helping the currency as well. US macroeconomic reports released today were …

Weekly Forex Technical Analysis (Apr 23 — Apr 27)

April 21, 2018


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2056 1.2153 1.2220 1.2317 1.2384 1.2481 1.2548

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2145 1.2205 1.2309 1.2369

EUR/USD Drops on Quiet Thursday

April 19, 2018

EUR/USD was falling during quiet trading today. The market lacked any major theme to drive currencies. Nevertheless, the currency pair was falling since the European session and continued to decline following the release of rather positive US data.

Philadelphia Fed manufacturing index rose from 22.3 in March to 23.2

EUR/USD Falls as ZEW Economic Sentiment Disappoints

April 17, 2018

EUR/USD slipped today as the ZEW Economic Sentiment Indicator for Germany came out far worse than was expected. The index for the whole eurozone was not good either. (Event A on the chart.) Meanwhile, US data released on Tuesday was pretty solid.

Both housing starts and building permits rose in March. Housing …

EUR/USD Rises on Monday as Markets Dismiss News from Syria

April 17, 2018

EUR/USD rallied on Monday as markets largely dismissed the news about US performing missile strikes on Syria over the weekend. It looked like the conflict is not going to escalate, therefore traders were willing to buy riskier currencies, ignoring the dollar in the meantime. As for US data, it was mixed. Retail …

Forex Brokers Update — April 15th, 2018

April 15, 2018

Yet another week has passed with no new broker listings being added to Updates to the listed brokers were as follows:

FXTM added MetaTrader 5 platform to its FXTM Pro live accounts.

City Index now offers trading in ETH/USD, LTC/USD, XRP/USD, and BCH/USD. joined the …

Weekly Forex Technical Analysis (Apr 16 — Apr 20)

April 14, 2018


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2124 1.2192 1.2261 1.2329 1.2397 1.2465 1.2533

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2192 1.2261 1.2329 1.2397

EUR/USD Accelerates Decline After ECB Minutes

April 12, 2018

EUR/USD, which was holding ground yesterday, was falling today and accelerated its decline after the European Central Bank released minutes of its March policy meeting. (Event A on the chart.) The notes showed that policy makers were discussing repercussions of potential trade wars with the United States and voiced concerns …

EUR/USD Stays Above Opening After Hawkish FOMC Minutes

April 11, 2018

EUR/USD was gradually rising today but dipped after the Federal Open Market Committee released minutes of its March meeting, which were considered to be rather hawkish by market participants. Yet the currency pair has managed to recover a bit by now and is currently trading above the opening level.

US …

EUR/USD Rallies on Risk Appetite, ECB Policy Outlook

April 10, 2018

EUR/USD rallied today on risk appetite and the outlook for an interest rate increase by the European Central Bank. Traders’ sentiment improved after Chinese President Xi Jinping talked about opening China’s markets to foreign investors. Meanwhile, ECB Governing Council member Ewald Nowotny talked about policy normalization in the near future. …

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 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 …

MetaTrader Templates Tutorial — Copying Settings Between Charts and Platforms

May 20, 2016 (Last updated on January 29, 2017) 4 Comments

You might already know how to copy input parameters for a single indicator across different charts and platforms. You also might have mastered the power of copying the whole account profiles from one MetaTrader instance to another. However, sometimes, what you need is just to copy one chart — …