Technical analysis for EURUSD

The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.

The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.

The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.

The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.

You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.

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About EURUSD

The EURUSD is the most popular pair for traders worldwide. Operating on the EURUSD allows forex traders to work with the two largest economies in the world, the European and American, and to take advantage of their volatility and liquidity. This pair consists of more than half of the worldwide forex volume. The charts and tools analyzing the pair give traders an overview of the market trend. The pair moves the most during the European and American session and is usually very quiet during the Asian Session. European and U.S. economic news have the ability to either reinforce an existing trend or reverse it depending on by how much it approaches the market expectations. The EUR/USD (or Euro Dollar) currency pair belongs to the group of 'Majors', which stands for the most important pairs in the world. Other currency pairs in this group are: GBP/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD and USD/CAD.