Forex Blog

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

Archives

EUR/USD Slips After Four Sessions of Gains

October 12, 2017

EUR/USD fell today, driven down by a range of factors, solid US economic data released over the current session being one of them. Yesterday, the currency pair rose for the fourth consecutive trading session as FOMC meeting minutes came out unexpectedly dovish, though most market participants continued to anticipate a December …

Will FOMC Raise Interest Rate in December 2017?

October 9, 2017 (Last updated on October 12, 2017)

The last time the US Federal Reserve had raised its target interest rate in June this year it went up from the range of 0.75–1.00% to 1.00–1.25%. Will there be another interest rate increase in 2017? Let’s try to figure it out.

Sentiment

It is the current consensus that …

Forex Brokers Update — October 8th, 2017

October 8, 2017

With no new brokers added during this week, there are only few changes to the existing listings to report on:

RoboForex added cryptocurrency trading to its accounts. For now only with BTC/USD and ETH/USD pairs.

JFD Brokers opened an office in Czech Republic and stopped offering AgenaTrader platform.

ETX

Weekly Forex Technical Analysis (Oct 9 — Oct 13)

October 7, 2017

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1515 1.1592 1.1660 1.1738 1.1806 1.1884 1.1952

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1590 1.1656 1.1736 1.1802

EUR/USD Drops After NFP Fall, Rebounds Later

October 6, 2017

EUR/USD was moving mostly sideways ahead of the release of nonfarm payrolls and dropped after the report came out, even though it showed the first drop of US employment in seven years. Yet markets were unfazed as the report mentioned that the result was affected by the damage done by two hurricanes, meaning that …

EUR/USD Drops After ECB Minutes, US Economic Data

October 5, 2017

EUR/USD dropped today as basically all economic reports released in the United States over the trading session were good. The European Central Bank released minutes of its latest policy meeting today, showing that some policy makers argued in favor of maintaining monetary stimulus. (Event A on the chart.) That was also …

EUR/USD Shows Muted Reaction to US Data

October 4, 2017

EUR/USD was moving up and down during the current session, paying seemingly little heed to economic data, even though there were plenty of important reports released in the United States today. Both euro and the dollar had their own negative factors weighing on them. In Europe, the political crisis in Spain after …

EUR/USD Drops After Catalan Independence Vote, US Manufacturing

October 2, 2017

EUR/USD slipped today after Catalonia voted for separating from the rest of Spain in the independence referendum, which was condemned by the Spanish government as unconstitutional and illegal. The solid expansion of the US manufacturing sector drove the currency pair further down.

Seasonally adjusted Markit manufacturing PMI was up from 52.8 to 53.1

Forex Brokers Update — October 1st, 2017

October 1, 2017

We have added one new Forex broker to our lists during this week:

Swiss Markets — a regulated Cypriot broker with STP execution and accounts of varying commission sizes. It offers just MetaTrader 4 platform and the only trading instruments available are currency pairs. The minimum account …

Weekly Forex Technical Analysis (Oct 2 — Oct 6)

September 30, 2017

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1488 1.1603 1.1708 1.1822 1.1927 1.2042 1.2147

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1600 1.1703 1.1820 1.1923

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 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 EarnForex.com. 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 — …

Will Hedging and Real Ticks Backtesting Sway You Toward MT5?

May 9, 2016 1 Comment

In March, MetaQuotes had launched a public beta of MetaTrader 5 platform with position hedging and backtesting on real ticks. In April, the developer had pushed the modification to brokers’ demo servers. The companies can disable creation of hedging accounts in MT5 (which they mostly do). However, the feature is already there and soon …