MACD divergence indicator for MT4

In the article “MACD – non-standard use on Forex”” I already described the technical indicator FX5 MACD DIVERGENCE, which determines the divergence of the MACD indicator.

MACD Divergence Indicator on AUDUSD

In this article, I present to your attention another technical indicator for the MT4 trading terminal, revealing the divergence of the MACD indicator. Continue reading

Gold (XAUUSD) – consolidation at the market

The uptrend in the gold market has changed to a downtrend relative to the US dollar.

XAUUSD Technical Analysis
Gold (XAUUSD) came out of the growing channel and formed a downward channel. Recent impulses of the price formed a new Lower Low, and Lower High. However, the last week the movement in the gold market has stopped. What’s next? Continue reading

Breakeven level information indicator for MT4.

Some forex trading strategies include splitting one position into several smaller ones, adding to already open positions or averaging.

ProfitLine on EURCHF

When opening several positions, it is not very convenient to manually calculate the breakeven level for all open positions in the MT4 terminal.

This task is greatly facilitated by a simple breakeven indicator. Continue reading

Strong consolidation in the forex market – dollar VS euro.

After a series of central bank meetings, the foreign exchange market entered a phase of strong consolidation.

USDX consolidation

This consolidation is clearly visible by the damping fluctuations in the US dollar index – USDX. Continue reading

Defining Forex Supply / Demand Zones (continued)

In this article, we continue to study the trading methodology from the demand/supply zones of Sam Seyden and his followers. You can familiarize yourself with the first article at the link – “Forex Trading from Supply and Demand Zones“.

USDJPYH4 -supply and demand zones

The trading strategy in supply / demand zones is quite simple and methodologically fundamentally not particularly different from trading at support / resistance levels. Continue reading

Bear trap on the EURCHF currency pair

The EURCHF currency pair has been in a downtrend for 4 months.

EURCHF Daily-050919

For the last 20 days, we have seen consolidation on the pair, which is highlighted in the chart by a blue rectangle. Over the past three days, we have seen an unsuccessful attempt to break through the lower edge of the consolidation range, which led to the formation of a bear trap on the EURCHF. Continue reading

Japanese Yen – Forex Technical Analysis August 18, 2019

The Japanese yen has recently been in strong demand as a “safe haven” for investors on the topic of the risk off sentiments associated with the trade war between the US and China.

USDJPYDaily-180819_LI

On the daily chart of the USDJPY currency pair, we see a clear downward long-term channel. Continue reading

The key to understanding the current situation in the Forex

Take a look at the 4-hour dollar index (USDX) futures chart. We see very strong consolidation in a narrow range (blue rectangle).

USDXH4-130819
Traders are in a state of uncertainty about the future prospects of the US dollar. Continue reading

Forex trading from supply and demand zones

Trading in financial markets from levels (or zones) of supply and demand is traditionally associated with the methodology developed by Sam Seiden and his colleagues.

ping-pong from demand and supply

This methodology is extremely interesting for traders for several reasons. First of all, it is quite simple to understand and based on the basic principles of market interaction of supply and demand. It does not use complex technical indicators and, according to many traders, it provides significant advantages in the real trading of any financial instruments. Let’s delve into this methodology together. Continue reading

British Pound (GBPUSD) – high volatility ahead

Technical analysis of the GBPUSD currency pair tells us about the current extreme degree of consolidation in this pair.

GBPUSDH4-250719_eng

As a rule, there is a way out of any consolidation and it can be very volatile, which provides traders with good trading opportunities. Continue reading

US dollar – change of the long-term trend? Do not hurry…

The week before last week was marked by the most significant weekly decline in the US dollar index (USDX) for the entire last period of its growth. And this is more than one year.

USDX Weekly-290619

During the entire last year, investors and speculators bought the US dollar at all its falls and were in profit. Continue reading

EURUSD – traders looking for direction

In the previous article I noted the formation of a technical triangle on the euro-dollar currency pair (on the chart it is a red triangle). The breakdown of the lower edge of this triangle led to the removal of euro buyers’ stops and the impulse movement down almost by one figure.

EURUSDH4-070519

However, this breakdown turned out to be false and euro buyers were able to return the pair inside the triangle and return to the balance of supply and demand. Continue reading

Euro-dollar volatility at minimum values

The daily volatility of the euro-dollar currency pair (EURUSD) on the foreign exchange market has reached its lowest levels in the last five years.

EURUSDDaily-volatility
Such a low value of the daily indicator ATR (14) was last observed in June 2014. Continue reading

Technical picture on the EURUSD currency pair in anticipation of the FOMC

The euro-dollar currency pair is in consolidation for 5 months. The consolidation range is highlighted on the daily chart with a blue rectangle and limited to the range of values ​​1.12145-1.15000.

EURUSDDaily-190319

But any ranges at some point end. It’s time for traders to make a decision. Continue reading

Euro-dollar currency pair (EURUSD) is consolidating in triangle

Yesterday we wrote on our website about the triangle formed on the US dollar index – Geometric metamorphosis of the US dollar index (USDX).

The triangle on the pair EURUSD-121218

On the EURUSD currency pair, the figure of technical triangle has also formed. Continue reading

Geometric metamorphosis of the US dollar index (USDX)

The upward trend of the US dollar in recent days has slowed down in its development. Is it just a pause in the foreign exchange market or signs of an approaching reversal?

Technical analysis of the dollar index-111218

Over the past few days, the US dollar (USDX) has been consolidating around the level formed by the previous high on the value of 96.836. Continue reading

Euro-dollar on forex – triangle technical figure

The agreement between US  and China at the last G20 summit led to a decrease in tensions in financial markets. The risk appetite led to demand, including for the single European currency. However, the long-term trend of the US dollar growth on forex is still in force.

EURUSDDaily-dollar growth trend
What technical levels do traders of the EURUSD pair need to monitor in the foreign exchange market? Continue reading

Brexit deal under attack – what awaits us next?

The last two trading days were marked by events on the front of the British exit process from the European Union. The Brexit deal is prepared and agreed by the parties. What awaits us next?

Theresa May dance

The UK is due to leave the European Union at 23:00 GMT on Friday 29 March, 2019, after people voted by 51.9% to 48.1% for Leave in the 2016 referendum. Continue reading

EURUSD technical analysis – a delicate balance in the market

The last five months, the EURUSD currency pair has been trading in a fairly wide range on the forex market.

EURUSDMonthly-171018

On the pair chart, this range is highlighted with a blue rectangle and is limited to 1.13000 -1.18500. Continue reading

Can Trump stop the growth of the dollar on Forex?

On August 8, 2018, the Bloomberg news agency published a very entertaining material entitled “JPMorgan Says Trump May Sell Dollars as Weapon in U.S. Trade War“. Trump-dollar This article (oddly enough) came out on the eve of the fact that the dollar (USDX index) broke through the mirror resistance at 95.00 and left the medium-term consolidation zone. Continue reading