Forex Blog

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


EUR/USD Stable After Volatile Moves on US-China Truce News

December 3, 2018

EUR/USD was moving up and down after the news that United States and China achieved a temporary truce in the trade war. Currently, the currency pair trades flat. US macroeconomic data, which was mixed, was overshadowed by the news about ceasefire.

Markit manufacturing PMI was at 55.3 in November according …

Forex Brokers Update — December 2nd, 2018

December 2, 2018

There were no new broker listings on this week, but some of the listed companies have been updated:

IFC Markets added MT5 account types.

Plus500 increased maximum leverage from 1:50 to 1:300 on Forex.

Pepperstone lowered spreads in its Razor account type and increased the maximum leverage …

Weekly Forex Technical Analysis (Dec 3 — Dec 7)

December 1, 2018


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1120 1.1193 1.1254 1.1328 1.1389 1.1462 1.1524

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1190 1.1248 1.1325 1.1383

EUR/USD Stable, Shows Muted Reaction to FOMC Minutes

November 29, 2018 (Last updated on November 30, 2018)

EUR/USD was mostly stable today. The currency pair attempted to rally after the minutes of the latest Federal Open Market Committee meeting. Yet the attempt failed, and the EUR/USD pair retreated almost immediately.

Personal income and spending rose in October more than was expected, 0.5% and 0.6% respectively. That is compared …

EUR/USD Stable Ahead of Powell’s Speech

November 28, 2018

EUR/USD was stable today. While basically all macroeconomic reports released in the United States over the current trading session were disappointing, traders were not concerned with that, focusing their attention on the upcoming speech of Federal Reserve Chair Jerome Powell.

US GDP grew 3.5% in Q3

Reasons to Stop Learning (and Start Practicing)

November 28, 2018

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EUR/USD Drops on Trade Tensions, Interest Rate Speculations

November 27, 2018

EUR/USD dropped today for the third consecutive day. Some analysts speculated that is because US President Donald Trump threatened additional sanctions against China, while others argued that the drop was result of comments from Federal Reserve Vice Chairman Richard Clarida, who backed the idea …

Forex Brokers Update — November 25th, 2018

November 25, 2018 2 Comments

One new broker has been added to the list on this week:

RCPro — an unregulated Estonian Forex broker with a rather high maximum leverage and pretty wide spreads. Its minimum account size is $500.

Other listed companies have been updated through the week:

LiteForex raised …

Weekly Forex Technical Analysis (Nov 26 — Nov 30)

November 24, 2018


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1136 1.1231 1.1280 1.1376 1.1425 1.1521 1.1570

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1220 1.1257 1.1365 1.1402

EUR/USD Trims Gains After Climbing Intraday

November 21, 2018

EUR/USD climbed today but trimmed gains by the end of the trading session. Most US macroeconomic indicators released today were below expectations but that did not help the currency pair to keep gains.

Durable goods orders dropped 4.4% in October — two times the forecast decline of 2.2%. The orders rose …

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

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