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Weekly Forex Technical Analysis (Apr 8 — Apr 12, 2019)

April 6, 2019

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1110 1.1147 1.1181 1.1218 1.1252 1.1289 1.1323

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1146 1.1180 1.1217 1.1251

EUR/USD Volatile After NFP, Ends Losing Gains

April 5, 2019

EUR/USD was extremely volatile after the release of US nonfarm payrolls today. Initially, the currency pair attempted to rally but failed to hold onto gains and was trading slightly below the opening by the session’s end.

Nonfarm payrolls showed a growth of employment by 196k in March, which exceeded the average forecast of 172k. The February …

EUR/USD Gains on Positive Market Sentiment, Ignores US Data

April 3, 2019

EUR/USD rallied on the positive market sentiment caused by the optimistic outlook for the Sino-US trade talks. Currently though, the currency pair has trimmed its gains. While the EUR/USD pair attempted to gain on poor US macroeconomic releases, the attempts failed and the pair continued to move lower, though remained above the opening level.

ADP

EUR/USD Fails to Rally on Poor US Retail Sales

April 1, 2019

EUR/USD attempted to rally today after US retail sales disappointed. Yet the currency pair was unable to hold onto gains and retreated very quickly.

US retail sales fell 0.2% in February from January instead of rising 0.3% as analysts had predicted. The January increase got a significant positive revision …

[Poll] How Much Have You Spent on Forex Education?

April 1, 2019

There can be a lot of debate online on the topic of paid vs. free education, but in reality, most traders educate themselves with some kind of free informal education. This does not mean that the paid education is totally worthless or that traders that …

Forex Brokers Update — March 31st, 2019

March 31, 2019

It looks like we are ending the month without new Forex companies. This week, the following brokers have received some updates:

AMEGA now requires sending paper documents via post to finalize account opening. The operating company has changed from 1XCorp N.V. to Amega Ltd. Scalper …

Weekly Forex Technical Analysis (Apr 1 — Apr 5, 2019)

March 30, 2019

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1052 1.1131 1.1174 1.1252 1.1295 1.1374 1.1417

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1122 1.1156 1.1243 1.1277

EUR/USD Moves in Range After Attempting to Bounce

March 29, 2019

EUR/USD attempted to bounce today after three consecutive days of decline. Some market analysts speculated that the reason for that was the inflation data miss. But the currency pair was actually moving in a range after the US releases, failing to push further up.

Personal income rose 0.2% in February after …

Slower-than-Expected US Economic Growth Doesn’t Prevent Slide of EUR/USD

March 28, 2019

US economic growth was slower than previously estimated. But that did not prevent EUR/USD from extending its decline. Market analysts speculated that the reason for the currency pair’s poor performance was the outlook for the European Central Bank to keep interest rates low for an extended period of time. …

EUR/USD Falls amid Concerns About Potential Global Economic Recession

March 27, 2019

EUR/USD declined today as market participants were concerned about global economic slowdown. Mario Draghi, President of the European Central Bank, talked during today’s speech about economic slowdown in the eurozone and said that “substantial accommodation is still needed”. Surprisingly, the EUR/USD pair actually climbed …

[Poll] What Is the Best Way to Backtest?

March 4, 2019

If you want to be sure that your strategy can yield better results than you would attain by simply buying and selling randomly, you need to test it. There are two ways of doing it: backtesting (when you use past data to see how the strategy …

PSC Now Supports ATR SL/TP and Reverse Risk Calculation

February 27, 2019

Apart from some bugfixes, the version 2.18 of Position Size Calculator contains three new features:

    ATR-based stop-loss and take-profit are now a thing. If you prefer to set your SL/TP by the multiples of the Average True Range indicator, you can now do so automatically with

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 …