Forex Blog

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


EUR/USD Climbs After FOMC Keeps Dot Plot Unchanged

March 21, 2018

EUR/USD jumped today following the policy announcement by the Federal Open Market Committee. While the FOMC raised interest rates, as was widely expected, it retained its dot plot, meaning no fourth hike is projected for 2018. This was certainly a disappointment for dollar bulls, therefore the greenback retreated against …

Forex Brokers Update — March 18th, 2018

March 18, 2018

Another week has gone without adding new brokers to, but some of the companies’ listings have been updated:

RoboForex reduced the maximum leverage for crypto trading from 1:10 to 1:5.

LiteForex increased the margin call level in its Classic account type from 50% to 100%. The minimum position size …

Weekly Forex Technical Analysis (Mar 19 — Mar 23)

March 17, 2018


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2076 1.2168 1.2228 1.2320 1.2381 1.2473 1.2533

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2160 1.2213 1.2313 1.2365

EUR/USD Declines for Third Day as Markets Prepare for Fed Hike

March 16, 2018

EUR/USD fell for the third day in a row despite turmoil in the US government. The dollar got some support from today’s macroeconomic reports, which were good for the most part, with the exception of the housing data. But the most important reason for the greenback’s rally was anticipation of an interest rate hike from the …

EUR/USD Drops on US Data, Fed Policy Outlook

March 15, 2018

EUR/USD dropped for the second day today, basically erasing gains caused by the previous two-day rally. One of the reasons for the drop was good US data. Another one was the fact that traders considered an interest rate hike from the Federal Reserve next week almost guaranteed.

NY Empire State

EUR/USD Falls After US Data, US Politics Make Future Uncertain

March 14, 2018

The dollar gained on the euro on Wednesday, but the outlook for the greenback remained uncertain amid political upheaval in the United States. US macroeconomic data released over the trading session was mixed, but traders paid more attention to the good part of it.

PPI rose 0.2% in February. That is compared to the predicted increase …

EUR/USD Jumps After CPI Report

March 13, 2018

EUR/USD traded in a range for the most part of the current trading session but jumped after the release of the US inflation report. While the CPI data was in line with expectations, analysts argued that it did not provide incentive for the Federal Reserve to hike interest rates with faster pace. And that …

Forex Brokers Update — March 11th, 2018

March 11, 2018 1 Comment

No new brokers have been added to the list on our website this week, but some listed brokers have been updated:

Grand Capital opened an office in Myanmar.

LiteForex now has a total of 20 cryptocurrency pairs available for trading.

IQ Option offers trading in CFD.

Dukascopy now allows …

Weekly Forex Technical Analysis (Mar 12 — Mar 16)

March 10, 2018


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2057 1.2163 1.2234 1.2340 1.2411 1.2518 1.2589

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2154 1.2217 1.2331 1.2394

NFP Causes EUR/USD Confusion and Brief Rally

March 9, 2018

The US dollar had been strengthening against the euro during today’s trading session right until the monthly employment report was released by the US Bureau of Labor Statistics. A set of mixed data caused the turmoil in the currency market and created a notable spike in the EUR/USD chart. Then, the currency pair switched to a rally, though …

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 — …