Indicators should not be used on their own but as an extra confluence to the overall analysis. The most popular indicators are the moving averages and the oscillators like the RSI or MACD. They serve different purposes, but the ultimate goal is to better make sense of the price action.

Moving averages are used to identify trends and to provide dynamic support and resistance for the price. For example, if the price is above a moving average, then it is said to be in an uptrend and generally the technical analyst will look at possible points on the chart where the price may pullback to and then bounce off of. Oscillators are used to identify momentum and possible turning points. The most used ones are the RSI and the MACD. The Relative Strength Index RSI tries to gauge the strength or weakness of the price based on a formula.

The RSI is measured on a scale from 0 to and a default period of 14 most recent closing prices. The RSI is also said to be in overbought or oversold territory whether it crosses the 70 or 30 levels respectively on the scale.

The MACD is composed of three indicators: the MACD line, the signal line and the histogram. When the MACD line crosses the Signal line to the upside it can indicate the beginning of an uptrend momentum and when it crosses the Signal line to the downside it may signal the start of a downtrend momentum.

The histogram visually displays the magnitude of the distance between the MACD line and the signal line. The histogram can signal overbought or oversold conditions when the two lines diverge too much. When the histogram rises well above the baseline at 0, the price momentum may fade a bit as it becomes overstretched and prone to a pullback and vice versa when the histogram falls too much below the 0 baseline. A chart pattern is a recognizable configuration of price movement that is identified using a series of trendlines or support and resistance levels.

Chart patterns can signal reversals or continuation of trends. There are many timeframes that can be used and there can be many patterns at any given time that can make all the process confusing. If you see, for example, price consolidating after a bull run caused by a fundamental catalyst giving you a flag pattern, you know that that can signal a further bullish momentum once the flag gets broken.

Chart patterns can help a technical analyst to identify possible future price moves. Double tops or bottoms can signal areas where the market has made two unsuccessful attempts to break through. You can even find triple tops or triple bottoms that have the same psychology behind them as for double tops and bottoms. These patterns are considered reversal patterns, meaning that the price upon successful completion of the pattern goes the opposite way reversing the previous trend.

Generally, once the price breaks the neckline it confirms the pattern and it can either continue on its way or come back to the neckline for a retest and then continue again the new trend. Sometimes the price may even hover near the neckline before making the real move. The head and shoulders pattern signals a weakening momentum where price cannot sustain a further push to the upside breaking the previous high or low and just drops through the neckline.

Once the price breaks the neckline it can either continue in the new direction or come back for a retest of the neckline before continuing again. Triangles are continuation patterns. Triangles signal a consolidation due to indecision or lack of fundamental drivers in the market. A symmetrical triangle can be broken on either side and it can help showing where the price wants to go.

A descending triangle generally breaks to the downside as the price keeps pushing against the support and then breaches it. An ascending triangle usually breaks to the upside as the price tries multiple times to break the resistance and eventually succeeds. Trading outside of these hours, the pip movement may not be large enough to compensate for the spread or commissions.

Volatility changes over time, but the most volatile hours generally do not change too much. Note that daylight savings time may affect trading hours in your area. During this period, you'll see the biggest moves of the day, which means greater profit potential, and the spread and commissions will have the least impact relative to potential profit. London and New York are both open during this three-hour window. That means a lot of volume coming in from two major markets, so spreads are typically tightest during this time.

Volatility doesn't just change throughout the day, it also fluctuates on longer timelines. To get a sense of the daily volatility, you can use indicators like the average true range ATR that gauge volatility based on recent periods. When the Federal Reserve raises interest rates , it means that investors can get higher interest payments on U. dollar deposits. Investors and traders will view the U.

The most popular indicators are the moving averages and the oscillators like the RSI or MACD. They serve different purposes, but the ultimate goal is to better make sense of the price action.

Moving averages are used to identify trends and to provide dynamic support and resistance for the price. For example, if the price is above a moving average, then it is said to be in an uptrend and generally the technical analyst will look at possible points on the chart where the price may pullback to and then bounce off of.

Oscillators are used to identify momentum and possible turning points. The most used ones are the RSI and the MACD. The Relative Strength Index RSI tries to gauge the strength or weakness of the price based on a formula. The RSI is measured on a scale from 0 to and a default period of 14 most recent closing prices.

The RSI is also said to be in overbought or oversold territory whether it crosses the 70 or 30 levels respectively on the scale.

The MACD is composed of three indicators: the MACD line, the signal line and the histogram. When the MACD line crosses the Signal line to the upside it can indicate the beginning of an uptrend momentum and when it crosses the Signal line to the downside it may signal the start of a downtrend momentum.

The histogram visually displays the magnitude of the distance between the MACD line and the signal line. The histogram can signal overbought or oversold conditions when the two lines diverge too much. When the histogram rises well above the baseline at 0, the price momentum may fade a bit as it becomes overstretched and prone to a pullback and vice versa when the histogram falls too much below the 0 baseline.

A chart pattern is a recognizable configuration of price movement that is identified using a series of trendlines or support and resistance levels. Chart patterns can signal reversals or continuation of trends. There are many timeframes that can be used and there can be many patterns at any given time that can make all the process confusing.

If you see, for example, price consolidating after a bull run caused by a fundamental catalyst giving you a flag pattern, you know that that can signal a further bullish momentum once the flag gets broken. Chart patterns can help a technical analyst to identify possible future price moves.

Double tops or bottoms can signal areas where the market has made two unsuccessful attempts to break through. You can even find triple tops or triple bottoms that have the same psychology behind them as for double tops and bottoms. These patterns are considered reversal patterns, meaning that the price upon successful completion of the pattern goes the opposite way reversing the previous trend.

Generally, once the price breaks the neckline it confirms the pattern and it can either continue on its way or come back to the neckline for a retest and then continue again the new trend. Sometimes the price may even hover near the neckline before making the real move. The head and shoulders pattern signals a weakening momentum where price cannot sustain a further push to the upside breaking the previous high or low and just drops through the neckline. Once the price breaks the neckline it can either continue in the new direction or come back for a retest of the neckline before continuing again.

Triangles are continuation patterns. Triangles signal a consolidation due to indecision or lack of fundamental drivers in the market. A symmetrical triangle can be broken on either side and it can help showing where the price wants to go. A descending triangle generally breaks to the downside as the price keeps pushing against the support and then breaches it. An ascending triangle usually breaks to the upside as the price tries multiple times to break the resistance and eventually succeeds.

Note though that even descending and ascending triangles can break on either side.

Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started. Today, I want to talk to you about the Euro chart. Not time ago price made downward impulse and broke old support line. Also, Euro made retest and now trades near of new resistance The price has successfully penetrated the lower boundary of the descending channel that is portrayed on the chart and is now attempting to re-test the broken structure before potentially pushing lower to the downside.

The 1. EURUSD in early November is trying to change the global downtrend. A number of positive fundamental factors contributed to this maneuver. The price confirms the change of the trend and at some point breaks through the resistance of the uptrend channel, indicating to us a more accelerated recovery.

But a false break-down of the resistance at 1. The market is near the support area that was shown in the yesterdays forecast but on the smaller scale. The price pulled back to the level after breakout of the ascending channel. Price formed small range at the support that shows the bulls are strong. I expect a growth from support if price make fake break.

My goal is resistance 1. Traders, if you Hello my friends, today I want to talk to you about EURUSD. I made a few conclusions about Euro. Price exited of upward channel and broke old support line. At the moment Euro trades near new support level. Here's a trade idea for the beginning of this week, Monday, November 21st, Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside Liquidity FVG : Fair Value Gap MSS: Market Structure Shift Analysis - Nice order flow on the 1hr chart - 2 MSS in a row confirming the shift in The price now is in the breakout retest progress.

Expect a short-term bullish correction before a fall. Look for short term sell opportunity at 1. EURUSD - Classic bullish pattern - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long EURUSD Entry Level - 1. Following up EURUSD Hi traders, today we will have a look at EURUSD the EURUSD moved as predicted in my previous idea "you can check it following the link below", and still moving to the downside to test its previous resistance zone which now has become a support zone.

the market might visit the zone near 1. Overall correlations do not make sense with this move as yields are not falling while indices are just choppy but bearish. Orderflow has shown an instant switch from bulls to bears with this "breakout" which is giving evidence Hey traders, Here is my latest structure analysis for EURUSD.

Resistance 1: 1. Please, support my work with like, thank you! Yesterday EURUSD broke 1, and is currently heading towards 1, The movement is developing very slowly and further corrections towards 1. These are going to be an additional entry possibilities in case of pullback and confirmation. No big risk should be taken currently, but should be reduced in existing trades.

EURUSD SHORT - If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 20 pips , TP 2 50 pips , TP 3 pips and EXIT SL - 60 pips on the chart. EURUSD has broken below the rising support. The pair after a strong bullish trend has also closed below 50SMA. The pair now trading below 0. The broken rising support, Fib level, Horizontal resistance and 50SMA is hurdle for upside bullish trend.

The price may fall to a resistance turned support around 1. The broken below this support will FX:EURUSD Looking for a move up to the midlevel 1. I think my describtion already explain everything. Watch out for the dollar news tomorrow! Hello, Friends! EURUSD is testing support following a bearish move. The market created triangle pattern and a small consolidation zone at the support.

Price is likely to test the resistance level before creating a new trend. We anticipate test of the resistance level. Thanks for your support! EURUSD chart. EURUSD top authors. DeGRAM Premium. Lingrid Premium. FOREXN1 Premium. ForexTrendline Premium. thunderpips Premium. SignalSwiss Premium. tntsunrise Premium. transparent-fx Premium. FxCanli Premium. Euro can continue fall to support zone. YMGroup Premium. When to short? Investroy Premium.

RLinda Premium. Lingrid EURUSD test of the ascending channel. Euro can retest new support level and then continue move up. AtlasTrades Premium. EURUSD potential Forecast Tuesday 22nd November DogeStonks Pro. Teacher-ETF Premium. EURUSD: Long Trading Opportunity. UnitedSignals Premium. TradingAxis Premium. Trading2ez Pro Updated.

EURUSD: Key Levels to Watch This Week 🇪🇺🇺🇸. VasilyTrader Premium. Downside move continues. EURUSD - Daily Trade Idea - Nov onelinkFX Premium. EURUSD BEARS CONTROL. EURUSD short. somniklas Pro.

EliteTradingSignals Premium. DeGRAM EURUSD in consolidation. Show more ideas. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in Related Symbols.

Dollar Currency Index. Dow Jones FXCM Dollar Index. Euro Currency Index. Oct 27 · We know, is this an alternate universe?

Day traders should ideally trade between and GMT. VasilyTrader Premium. Not everyone knows why and what may happen next. Expect a short-term bullish correction before a fall. Learn Online Forex Trading. To get started Trading EURUSD, you can open a practice trading account now and begin consulting your analytic charts.

Categories:

• Forex Bitcoin
• Binary Options
• Forex
• Binary Options online
• Forex Brokers