Forex Blog

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


EUR/USD Jumps After US Inflation Misses Expectations

September 13, 2018

EUR/USD rose sharply today after the US inflation report came out worse than was expected. The miss was not big, but it was enough to propel the currency pair higher.

CPI rose 0.2% in August, the same as in July. Analysts had expected a bit bigger increase by 0.3%. (Event …

EUR/USD Rebounds After PPI Falls Unexpectedly

September 12, 2018

EUR/USD fell intraday but started a rebound after US producer prices demonstrated an unexpected drop last month. Now, the currency pair trades slightly above the opening level.

PPI fell 0.1% in August. That is compared to no change in July and the predicted increase by 0.2%. (Event A on the chart.)

US crude

EUR/USD Fails to Rally amid Escalating Trade Tensions

September 11, 2018

EUR/USD attempted to rally today but failed amid signs of escalating trade tensions between the United States and China. The start of the week was light in terms of macroeconomic data in the USA, but that should change later with the PPI on Wednesday, the CPI on Thursday, and retail sales on Friday.

Wholesale inventories rose by 0.6% …

Weekly Forex Technical Analysis (Sep 10 — Sep 14)

September 8, 2018


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1373 1.1451 1.1502 1.1580 1.1631 1.1709 1.1760

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1444 1.1488 1.1573 1.1617

EUR/USD Slumps After Nonfarm Payrolls Beat Expectations

September 7, 2018

EUR/USD was moving lower today amid the risk-averse market sentiment caused by fears of a trade spat between the United States and their trading partners. The currency pair accelerated decline after US nonfarm payrolls came out unexpectedly strong.

Nonfarm payrolls rose by 201k in August, beating the average forecast of 191k. …

EUR/USD Flat After ADP Employment Missed Expectations

September 6, 2018

EUR/USD attempted to rally after the employment report from Automatic Data Processing failed to meet market expectations. Yet the currency pair was unable to sustain the rally and is trading near the opening level now. Markets were cautious ahead of tomorrow’s nonfarm payrolls and were watching developments in trade negotiations between …

EUR/USD Declines on Risk Aversion, Surge of ISM Manufacturing PMI

September 4, 2018

EUR/USD declined today on risk aversion caused by various issues, including fears of trade wars. The currency pair declined also after the manufacturing Purchasing Managers’ Index of the Institute for Supply Management showed an unexpected sharp increase. Currently, though, the EUR/USD pair trades in a consolidation mode.

Markit manufacturing PMI fell to …

Will ESMA Renew Its Forex/CFD Rules After November 1?

September 3, 2018

As most traders already know by now, the European Securities and Markets Authority (ESMA) has enacted rather strict rules that among other things seriously limit how retail traders can trade Forex. The ESMA is a European Union regulatory authority and the rules affect not only the brokers based …

Weekly Forex Technical Analysis (Sep 3 — Sep 7)

September 1, 2018


Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1397 1.1491 1.1546 1.1640 1.1696 1.1789 1.1845

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1481 1.1528 1.1630 1.1677

EUR/USD Declines After Trade War Fears Resurface

August 31, 2018

EUR/USD declined today as fears of trade wars between the United States and their trading partners, including the European Union, returned. Today’s US macroeconomic data beat expectations, though it was not particularly good strictly speaking.

Chicago PMI showed a reading of 63.6 in August. While …

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

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 …