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EURUSD BUY | Idea Trading AnalysisEURUSD is moving on support zone The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment.
Long
by TheGrove
5
How to Build a Forex Trading Indicator How to Build a Forex Trading Indicator In the dynamic world of financial trading, understanding how to build a trading indicator is a valuable skill. This article is designed to navigate you through the essential steps of creating your own trading indicators, offering a blend of technical and practical insights to potentially enhance your market analysis and trading decisions. Understanding Trading Indicators Trading indicators are essential tools in analysing financial markets, offering traders valuable insights into market trends and potential trading opportunities. These mathematical calculations are applied to various market data points like price, volume, and sometimes open interest. In forex trading, indicators play a crucial role in analysing currency pair movements. There are several types of indicators, each serving a specific purpose: - Trend indicators help identify the direction of market movements. - Momentum indicators gauge the speed of these movements. - Volume indicators look at trading volumes to understand market strength. - Volatility indicators provide insight into the stability or instability of currency prices. While there are hundreds of indicators to choose from, some traders choose to develop their own based on their unique market observations. Basic Components of a Trading Indicator The core components of a trading indicator are price, volume, and time. These elements are fundamental in analysing market data and building various tools. - Price: The most critical component, price, is used in almost every trading indicator. It includes open, high, low, and close prices of trading instruments. Price data is essential for constructing trend-following tools like moving averages and oscillators like the Stochastic RSI. - Volume: Volume indicates the number of contracts traded in a given period. It provides insights into the strength or weakness of a market move. Volume-based tools, like the Volume Oscillator or On-Balance Volume (OBV), help traders understand the intensity behind price movements. - Time: Indicators use time periods to analyse market trends. This could be short-term (minutes, hours), medium-term (days, weeks), or long-term (months, years). Time frames influence the sensitivity of an indicator, with shorter periods typically offering more signals. Choosing the Right Data and Tools Selecting appropriate data and tools is a critical step in building effective trading indicators. For data, accuracy and relevance are paramount. Traders typically use historical price data alongside volume data. For tools, traders consider user-friendly platforms that offer robust functionality for creating and testing tools. Platforms like TradingView and MetaTrader offer extensive libraries and community support, facilitating the development of customised indicators. Additionally, programming languages like Python, C# and R, known for their data analysis capabilities, can be powerful tools for creating more complex indicators. FXOpen’s TickTrader, for instance, supports custom C#-based indicators and offers powerful backtesting tools. How to Build a Trading Indicator: A Step-by-Step Walkthrough Developing an indicator involves several key steps, each crucial to ensure the final tool is effective and aligns with your trading strategy. 1. Define the Objective Begin by clearly defining what you want your tool to achieve. Is it to identify trends, pinpoint entry and exit points, or gauge market volatility? Your objective will guide the type of indicator you develop, such as trend-following, momentum, or volatility-based. 2. Select the Formula Choose or develop a mathematical formula that your tool will use. This could be a simple moving average, a complex algorithm involving multiple data points, or something entirely unique. The formula should reflect the market phenomena you aim to capture. 3. Coding the Indicator Translate your formula into code. If using platforms like TradingView, MetaTrader or TickTrader, their scripting languages (Pine Script for TradingView, MQL4/5 for MetaTrader, C# for TickTrader) are designed for this purpose. Ensure the code is clean, well-documented, and easily adjustable. 4. Incorporate Visualisation Decide how the indicator will visually appear on the chart or in a separate window. This could be in the form of lines, bars, dots, or other graphical representations. The visual aspect should make it easy to interpret signals at a glance. 5. Backtesting Before applying your indicator in live trading, it’s crucial to backtest it using historical data. This topic is expanded on below. Testing and Refining Your Indicator Testing and refining your trading indicator is a critical phase in its development, ensuring its potential effectiveness and reliability in real market conditions. - Backtesting: This is the process of testing your indicator against historical data. Backtesting helps evaluate how it would’ve performed in different market scenarios, revealing its strengths and weaknesses. It's essential to test over various time frames and market conditions to ensure robustness. - Analysing Results: Assess the indicator's accuracy, consistency, and responsiveness to market changes. Look for patterns in its performance, such as frequent false signals or lag in response to price movements. - Refinement: Based on the backtesting results, refine your indicator. This could involve tweaking the formula, adjusting parameters like time periods or thresholds, or enhancing the visualisation for clearer signals. - Forward Testing: After adjustments, conduct forward testing in a simulated or live trading environment with real-time data. This helps verify its performance in current market conditions. Remember, no indicator is perfect; the goal is to develop a tool that consistently aids in your trading outcomes. The Bottom Line The journey of building an indicator is both challenging and rewarding. From selecting the right data and tools to carefully coding and testing your creation, each step plays a vital role in crafting an effective aid for trading decisions. For those looking to integrate their custom indicators into a professional trading environment, opening an FXOpen account offers the opportunity to leverage your unique tools in the dynamic TickTrader platform. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
EUR/USD Bearish Divergence Setup with RSI Double Top ConfirmatioAnalysis Overview: I am analyzing the EUR/USD pair across the 1-hour and 15-minute timeframes for a potential bearish reversal setup. The primary focus is on identifying bearish divergence between price and the RSI. Key Observations: 1-Hour Chart (H1): The price is currently approaching a key resistance zone around 1.0540 - 1.0573, as indicated by previous highs. I am observing that while the price continues to climb, the RSI is nearing overbought levels, which often signals exhaustion. 15-Minute Chart (M15): I am monitoring for a possible RSI double top while the price continues to make higher highs. If the RSI fails to break above its previous peak, this could confirm a bearish divergence and signal a potential change in price direction. Trading Plan: Confirmation Trigger: I will wait for the RSI to form a clear double top pattern on the M15 chart, while the price continues to push higher, creating divergence. Entry: A bearish signal will confirm entry near the resistance zone (1.0540 - 1.0573). Stop Loss: Above the resistance zone at 1.0573. Take Profit: Targeting the next support area around 1.0485. The setup focuses on bearish divergence between the RSI and price action. If the RSI confirms a double top while price reaches resistance, this would strengthen the case for a reversal and a potential short trade. Monitoring the M15 chart for confirmation will ensure precision in entry timing.
Short
by Jose_ManuelR
Reverse Head and Shoulder patten forming in EURUSD DailyTechnical Analysis: ================ A reverse head and shoulder pattern has formed in EURUSD, if the price action continues to go up, it can gain ~300 pips. The neck line, left and right shoulders and the head of the H&S pattern are previous significant levels (means support or resistance in past). Fundamental Analysis: =================== 1) Santa Clause Rally : For whatever reason the stock market keeps going up in December, and USD should depreciate against major currency pairs including EUR 2) The VIX Index has gone down significantly due to the ceasefire between Israel and other parties There are other factors like Trump administration would consider crypto as mainstream currency, which would depreciate USD. But that might happen in 2025, we should see the H&S happening in December if the price action continues in the same/upward direction. Note: A trade idea I post here is also my trading journal.
Long
by spranav
1
Germany snap election risks EUR/USD Germany, Europe’s largest economy, is now under a caretaker government. Chancellor Olaf Scholz lost a confidence vote in the Bundestag on Monday, paving the way for a snap election in February. Key issues in the upcoming campaign are expected to include the war in Ukraine, the financial demands of strengthening Germany’s military, a struggling economy, immigration, and the growing influence of political extremes. Amongst this turmoil, technical indicators possibly lack sufficient strength for a bullish confirmation. A break below 1.0460, a key support level, could open the door to a bearish move toward 1.0400.
by BlackBull_Markets
EUR/USD H1 AnalysisEUR/USD H1 chart Potential buying opportunity based on both technical and fundamental analysis. Technically, the price has recently bounced off a strong support area, suggesting possible upward momentum. The Ichimoku Cloud indicates bullish signals with price trading above the cloud. Key resistance levels are identified at 1.0410 (TP1) and 1.0450 (TP2) , providing clear take-profit targets for long positions. Fundamentally, recent economic indicators and monetary policy expectations from the Eurozone and U.S suggest strengthening of the Euro against the Dollar, supporting this bullish outlook. A stop-loss is strategically placed below the support to manage risk effectively in case of market reversals. Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies. Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
Long
by David_Josh_Trader
EURUSD accelerates its decline After the EURUSD previous downward channel was adjusted horizontally, the trend quickly fell at the 1.045 line. So far, a triangle converged and broke down and opened the space below, returning to the short-term bearish trend. The overall trend is also consistent with the previous analysis. The hourly line ended 4 rebounds. After a short-term downward adjustment, the upper line was under pressure and weakened again at the 1.041 line. The lower line tested the 1.038 line. If this position breaks down, the price will test the lower 1.035 line. Overall, EURUSD is in the stage of downward adjustment. After the previous convergence and accumulation of momentum, the short-term bears dominate. If the market falls further, pay attention to the support near the middle track of the downward channel. In terms of operation, we still maintain the rebound short selling as the main focus.
Short
by RonPeter_Trading
EUR/USD - Short Trade Success: TP1 Hit with PrecisionOur short trade was successfully triggered in the resistance zone between 1.0450 and 1.0460. As anticipated, the price reacted strongly to this key level, which aligned with the 61.8% Fibonacci retracement and retail stop-loss clusters. TP1 was hit quickly, validating the strategy and highlighting the effectiveness of combining technical levels with sentiment analysis. The trade remains active, targeting TP2 and TP3 for further profits.
Short
by Aliguel
EURUSD next target zones and why..all N.B Technical As the year ends EU proceeded to taking out year 23 buyers stop losses at 1.04431 which led way for early buyers to come in with their stop losses right under 1.03328 which is our first target zone as the market engages the early buyers. 1.02236 is Our next target zone For a Long Position as the market will engage sellers before the actual Long position.. N.B I'll clarify the short before the actual Long we are Looking for as the market proceed in the new year..
Long
by Misunderstoodd
Here’s a summary of the EUR/USD chart: **Trend Analysis**: Here’s a summary of the EUR/USD chart: 1. **Trend Analysis**: - The chart shows an upward channel with clear support and resistance lines. - The price is currently trading near the middle of the channel, suggesting a potential continuation of the bullish momentum. 2. **Moving Averages**: - Several moving averages (20, 50, 100, 200 EMA) are displayed. - The shorter-term EMAs (20 and 50) are starting to slope upwards, aligning with the bullish trend. - The price has broken above the cluster of EMAs, which can indicate bullish strength. 3. **Projection**: - The purple arrow suggests a scenario where the price may continue rising toward the upper channel boundary. - A potential pullback to the support line of the channel is anticipated before another upward push. 4. **Key Levels**: - Resistance: The top boundary of the channel near 1.0500-1.0540. - Support: The lower boundary of the channel near 1.0380-1.0400. 5. **Possible Trade Setup**: - A buy opportunity could arise if the price retraces to the lower boundary or EMA cluster before resuming the upward movement. - Targets could be set near the upper channel resistance (1.0500+). - A break below the channel would invalidate this bullish scenario.
Long
by TRADE_CENTER_1
Euro H4 | Approaching pullback resistanceThe Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.0453 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.0544 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance. Take profit is at 1.0351 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Analysis of EUR/USD: A Strategic Insight for TradersThe EUR/USD currency pair has extended its rally for the third consecutive day, trading near the 1.0430 level during Monday’s Asian session. This uptick is primarily driven by remarks from members of the European Central Bank (ECB) Governing Council and expectations of delayed interest rate cuts in the Eurozone. However, the hawkish tone of the Federal Reserve (Fed) and a stronger U.S. Dollar (USD) could cap the Euro’s gains in the short term. Fundamental Factors Influencing EUR/USD European Central Bank (ECB) Robert Holzmann, a member of the ECB Governing Council, stated that further rate cuts might be delayed. He highlighted recent inflation spikes and emphasized the inflationary pressures stemming from the Trump administration’s tariff policies, which may slow economic growth but increase inflation. Delayed Rate Cut Expectations: Markets anticipate the ECB to slow down rate cuts due to rising inflation and the need for economic stabilization. U.S. Federal Reserve (Fed) The Fed reduced rates by 25 basis points during the December meeting, but the dot plot indicates only two rate cuts anticipated for 2025. Fed Chair Jerome Powell: He reiterated that the central bank would approach further rate cuts cautiously. Impact on USD: The Fed's hawkish messaging has bolstered the USD, acting as a counterweight to the EUR/USD rally. Economic Policies under the Trump Administration Tariffs and Tax Cuts: The administration’s policies are expected to intensify inflationary pressures, potentially altering the Fed’s monetary policy outlook in favor of the USD. Short-to-Medium Term Outlook for EUR/USD Bullish Scenario : Signals of delayed ECB rate cuts and improved Eurozone economic data could sustain support for the Euro. Bearish Scenario : Continued hawkish Fed messaging, coupled with strong U.S. economic data, could exert downward pressure on EUR/USD.. Technical Analysis: Pivotal Levels in Play Weekly Momentum: Momentum indicators on the weekly timeframe highlight persistent selling pressure, aligning with the prior bearish analysis. Key Support Levels: The price is trading near the confluence of the lower boundary of a neutral channel and the median line of the Andrews Pitchfork, intensifying the sensitivity of this zone. Potential Breakdown: The momentum suggests a higher likelihood of breaking below this support unless weekly price action signals a reversal by surging and breaking above the 1.0534 resistance level. Conclusion and Call to Action This analysis outlines critical fundamental and technical elements shaping the EUR/USD’s trajectory. With key macroeconomic events and technical levels at play, traders should stay vigilant for decisive moves. 👉 What’s Your Move? If you find this analysis insightful, hit the Boost button and share it with your trading community. Let’s navigate these markets together—profitably!
Short
by Mohammad_Mirdehghan