EURUSD Trading for July 15, 2020 (23 ITM)

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EUR/USD прогноз Евро Доллар на 2 — 6 марта 2020

Валютная пара Евро Доллар EUR/USD завершает торговую неделю вблизи области 1.0964. Пара продолжает движение в рамках сильной восходящей коррекции и нисходящего канала. Скользящие средние указывают на наличие нисходящей тенденции по паре. Пара вернулась в область между сигнальными линиями, что указывает на давление со стороны покупателей европейской валюты, однако риски падения все еще сохраняются. На данный момент стоит ожидать попытку развития незначительной коррекции и тест области сопротивления вблизи уровня 1.1095. Откуда ожидается отскок и продолжение падения Евро Доллар. Потенциальной целью подъёма выступает область ниже уровня 1.0580.

EUR/USD прогноз Евро Доллар на 2 — 6 марта 2020

В пользу падения валютной пары EUR/USD на Форекс выступит тест линии сопротивления на индикаторе относительной силы. Вторым сигналом станет отскок от верхней границы нисходящего канала. Отменой варианта падения котировок пары Евро Доллар на текущей торговой неделе 2 — 6 марта 2020, станет сильный рост и пробой уровня 1.1225. Это укажет на пробой области сопротивления и продолжения роста пары в область выше уровня 1.1575. С пробоем области поддержки и закрытием котировок ниже уровня 1.0845 стоит ожидать подтверждения развития нисходящего движения по паре.

Среди важных новостей из Америки и Европы на следующей торговой неделе, которые могут оказать влияние на курс EUR/USD, стоит выделить: Индекс менеджеров по закупкам в производственном секторе США от ISM (ISM United States Manufacturing Purchasing Managers Index (PMI)), Изменение запасов сырой нефти в США от EIA (EIA United States Crude Oil Stocks Change), Изменение числа занятых в несельскохозяйственном секторе США (United States Nonfarm Payrolls).

Таким образом, EUR/USD прогноз Евро Доллар на 2 — 6 марта 2020 предполагает попытку теста области сопротивления вблизи уровня 1.1095. Откуда стоит ожидать продолжения падения пары в область ниже уровня 1.0580. Дополнительным сигналом в пользу снижения выступит тест линии сопротивления на индикаторе относительной силы. Отменой варианта падения Евро Доллар станет сильный рост и пробой уровня 1.1225. В этом случае стоит ожидать продолжения подъёма пары с потенциальной целью на уровне 1.1575.

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Name a market that never closes during the working week, has the largest volume of the world’s business, with people from all countries of the world participating every day. Yes, you guessed right – the Foreign Exchange Market (Forex). The market has arisen from the need for a system to facilitate the exchange of different currencies from around the world in order to trade. It is the premier financial market in the world, which reflects the financial dynamics of world trade quite clearly.

All trade here is a trade-off between the pairs of currencies from two different countries. The famous phrase ‘money never sleeps’ – coined by the well-known Hollywood movie ‘Wall Street’ – sums up the foreign currency exchange market perfectly. No matter what time of day it is, the Forex market will stay open from 5pm EST on Sundays until 4pm EST on Fridays, every week, 24 hours a day during trading days!

When you begin to trade Forex online, you may find yourself overwhelmed and confused by the sheer number of currency pairs available through the MetaTrader 4 trading terminal. What are the best currency pairs to trade? The answer isn’t straightforward, as it varies with each trader. You need to take the time to analyse different pairs against your own strategy, to determine which are the best Forex pairs to trade on your own account.

This article will briefly describe what currency pairs are, and will assist you with identifying the best Forex pairs to trade. It will also explain what Forex majors are and whether they will work for you.

What are Currency Pairs?

Forex trading – or foreign exchange trading – is all about buying and selling currencies in pairs. For the buying and selling of currencies, you need to have information about how much the currencies in the pair are worth in relation to each other. This relationship is what defines a currency pair. A currency pair quotes two currency abbreviations, followed by the value of the base currency, which is based on the currency counter.

There is always an international code that specifies the setup of currency pairs. For example, a quote of EURUSD 1.23 means that one Euro is worth $1.23. Here, the base currency is the Euro (EUR), and the counter currency is the US dollar. Thus, each currency pair is listed in most currency markets worldwide. If you would like to learn more about Forex quotes, why not check out our article which explores the topic in greater detail?

Are Majors Really the Best Currency Pairs to Trade?

Not surprisingly, the most dominant and strongest currency, as well as the most widely traded, is the US dollar. The reason for this is simply the sheer size of the US economy, which is the world’s largest. The US dollar is the preferred reference in most currency exchange transactions worldwide. It is the dominant reserve currency of the world.

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The following currency pairs (listed below) are not necessarily the best Forex pairs to trade, but they are the ones that have high liquidity, and which occupy the most foreign exchange transactions:

  • EUR/USD (Euro – US Dollar)
  • USD/JPY (US dollar – Japanese Yen)
  • GBP/USD (British Pound – US Dollar)
  • AUD/USD (Australian Dollar – US Dollar)
  • USD/CHF (US Dollar – Swiss Franc)
  • USD/CAD (US Dollar – Canadian Dollar)

The values of these major currencies keep fluctuating according to each other, as trade volumes between the two countries change every minute. These pairs are naturally associated with countries that have greater financial power, and the countries with a high volume of trade conducted worldwide. Generally, such pairs are the most volatile ones, meaning that the price fluctuations that occur during the day can be the largest.

Does this mean that they are the best? Not necessarily, as traders can either lose, or make money on the fluctuations. The aforementioned pairs tend to have the best trading conditions, as their spreads tend to be lower, yet this doesn’t mean that the majors are the best Forex trading pairs.

Learn more about the best currency pairs to trade in this free webinar recording, hosted by expert trader Jens Klatt.

What is the Best Currency Pair to Trade?

With over 200 countries in the world, you can find a handful of currency pairs to engage with trading. However, these currency pairs may not have the potential to deliver the best results to traders. So what is the best currency pair to trade? What do most traders trade? What currency pair is worth trading and why? Keep on reading this article to find out the answers to these questions and more!

Before analysing the best currency trading pairs, it is better to enhance our knowledge on the most popular currencies that can be found in the world of Forex trading. They include:

  • US Dollar (USD)
  • Euro (EUR)
  • Australian Dollar (AUD)
  • Swiss Franc (CHF)
  • Canadian Dollar (CAD)
  • Japanese Yen (JPY)
  • British Pound (GBP)

Out of these currencies you can find a few popular currency pairs. If you want to achieve success in Forex trading, you need to have a better understanding of the currency pairs that you trade. If you select any of the currency pairs we’re going to discuss below, you will make trading much simpler for yourself, as lots of expert analytical advice and data is available on them.

Analysis of the Best Currency Pairs to Trade

Let’s take a detailed look at the currency pairs below:

  • USD/EUR – This can be considered the most popular currency pair. In addition, it has the lowest spread among modern world Forex brokers. This currency pair is associated with basic technical analysis. The best thing about this currency pair is that it is not too volatile. If you are not in a position to take any risks, you can think of selecting this as your best Forex pair to trade, without it causing you too much doubt in your mind. You can also find a lot of information on this currency pair, which can help prevent you from making rookie mistakes.
  • USD/GBP – Profitable pips and possible large jumps have contributed a lot towards the popularity of this currency pair. However, you need to keep in mind that higher profits come along with a greater risk. This is a currency pair that can be grouped into the volatile currency category. However, many traders prefer to select this as their best currency pair to trade, since they are able to find plenty of market analysis information online.
  • USD/JPY – This is another popular currency pair that can be seen regularly in the world of Forex trading. It is associated with low spreads, and you can usually follow a smooth trend in comparison with other currency pairs. It also has the potential to deliver exciting, profitable opportunities for traders.

All the major currency pairs that can be found in the modern world are equipped with tight spreads. However, this fact is not applicable to the USD/GBP currency pair, because of its volatility. It is perhaps better to avoid the currency pairs that have high spreads. The recommended spread by the trading experts tends to be around 0-3 pips. When it exceeds 6 pips, the trading pair may become too expensive, which can lead towards greater losses.

Still, it doesn’t mean that you should totally avoid everything that has high spreads. The best way to trade sensibly and effectively in this regard would be to exercise risk management within your trading, so you can effectively manage the risks.

Special Pairs (Or Exotic Currency Pairs)

Typically the best pair for you is the one that you are most knowledgeable about. It can be extremely useful for you to trade the currency from your own country, if it is not included in the majors, of course. This is only true if your local currency has some nice volatility too. In general, knowing your country’s political and economical issues results in additional knowledge which you can base your trades on.

You can find such information through economic announcements in our Forex calendar, which also lists predictions and forecasts concerning these announcements. It is also recommended to consider trading the pairs that contain your local currency (also known as ‘exotic pairs’). In most cases, your local currency pair will be quoted against USD, so you would need to stay informed about this currency as well.

Conclusion

The dynamics of foreign exchange trading is an interesting subject to study, since it can provide a boost to the world economy, along with the rise and fall of its financial fortunes. As globalisation becomes a bigger, more pressing issue for most countries around the world, the fate of these pairs is closely interconnected. Make sure you study the foreign exchange market extensively before making an investment.

There are many Forex pairs available for trading and it is highly recommended to try trading most of them before you choose a particular one to stick with. As Forex trading is risky, try it first on a Demo account with a virtual balance, which contains virtual funds of $10,000. Identifying the best currency pair to trade is not easy. The best way to accomplish this is through hands-on experience. Simply open a Demo account, and start trading on the live markets when you are ready, and you will be well on your way to success in the Forex markets!

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About Admiral Markets

Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world’s most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

Индикаторный анализ. Дневной обзор на 8 апреля 2020 по валютной паре EUR/USD

Пара во вторник, отбившись от линии поддержки 1.0791(красная жирная линия), совершила откатное движение вверх. При движении вверх цена протестировала откатный уровень 38.2% (красная пунктирная линия). Сегодня рынок может продолжить движение вверх. В среду сильные календарные новости ожидаются в 17.30 и 21.00 мск (доллар).

Трендовый анализ (рис. 1).

В среду рынок от откатного уровня 23.6% — 1.0858 (красная пунктирная линия) может продолжить движение вверх с целью 1.0913 – откатный уровень 38.2% (красная пунктирная линия). При пробое этого уровня вверх, восходящая работа продолжится с целью 1.0958 – откатный уровень 50.0% (красная пунктирная линия).

Рис. 1 (дневной график).

  • индикаторный анализ – вверх;
  • уровни Фибоначчи – вверх;
  • объёмы – вверх;
  • свечной анализ – вверх;
  • трендовый анализ – вверх;
  • линии Боллинджера – вниз;
  • недельный график — вверх.

Сегодня цена попытается продолжить движение вверх с целью с целью 1.0958 – откатный уровень 50.0% (красная пунктирная линия).

Маловероятный сценарий: от откатного уровня 50.0% – 1.0893 (синяя пунктирная линия) работа вниз, с целью 1.0784 – линия поддержки (красная жирная линия).

*Представленный анализ рынка носит информативный характер и не является руководством к совершению сделки.

EUR/USD Trading for July 15, 2020 (2/3 ITM)

Immediately when I began looking at the market, the resistance 1 level of 1.36073 stuck out as the first price level to consider trading. The market seemed to be venturing toward it so I set my alarm a few pips above it and it triggered about ten minutes later. The first touch occurred on the 2:25AM (EST) candle and rejected the level. So far, the price action was in my favor given that it suggested that the level would likely hold for a solid call option set-up.

I did not get into the trade until the 2:45 candle, which is where I entered a call option at the very beginning of the candle. Usually, I take trades at the touch of price levels, but here I wanted to have a better feel for how the market might break. After the initial touch of resistance 1, there was only a three-pip move back up. So although the support level is often enough to get a trade in your favor in this case (i.e., a low-volatility period, previous rejection of the price level in question), I felt compelled to wait to make sure that there wasn’t a break. If it means another bounce and missing out on the trade, then that’s okay. I never like to enter into a trade with which I’m not totally comfortable.

Once the 2:40 candle wicked back to roughly 1.36073 by its close, I decided to get into the call option at the beginning of the 2:45. Just the price action and the price level were the main considerations here, as trend wasn’t a factor at all really, as the market really didn’t have a direction yet. This trade won by about four pips.

The same trade – call option at 1.36073 – came up again not far after the previous trade’s expiry. Trading the same level over again can always be valid if the price action favors a repeat of the same trade. It did touch 1.36073 on the 3:05 candle, but again it was difficult to tell whether this level would hold.

Usually when a price level is touched a couple times with bounces occurring roughly right at the level, it’s likely to be broken in the future. In this case, sellers had the energy to bring it back down to resistance 1, but enough buying was occurring at this level to cause a barrier against falling lower. In essence, it was at that point that supply and demand seemed to balance well in the market – hence why it was a pretty effective support level, at least for now.

So I continued to wait on what the 3:10 candle would bring. It formed into a nice doji, which was exactly what you could ask for if you were contemplating a call option here. Dojis (that is, candles with relatively no body to them) at support and resistance level can suggest potential points of reversal. So I got into a call option at the re-touch of 1.36073 on the 3:15 candle. This trade won by six pips.

This market made a good move up above resistance 1 before falling through the level on a big seventeen-pip range candle on the 4:35. This tends to be pretty typical given a host of economic data is often released at 4:30AM EST. In today’s case, there was a lot of economic data from Great Britain, mostly price index information that the market can be reactive to. Of course, this information would be most relevant to the Great Britain Pound (GBP), but all major currencies are correlated pretty well, so one always needs to be mindful of news releases.

Nothing set up at the pivot level. And nothing set up in between the pivot level-resistance 1 channel, so as the market moved back up, put options at resistance 1 became the main focus.

I had a feeling that a put option at 1.36073 could be a nice trade. There was a bit of a downtrend for the morning by virtue of the fact that resistance 1 had been broken and previous price history had given congestion at that level (where I took the previous two trades).

When price got back up to resistance 1 on the 6:55 candle there was a rejection, so I waited for a re-touch to get in. This came one the 7:10 so I entered into a put option. Unfortunately, this trade was a flop from the very beginning and went against me the entire time before settling for a nine-pip loss.

So my favorite set-up for the day turned out to not work out whatsoever, which was surprising. But you can’t win them all, and I was still very content with a 2/3 ITM day.

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