Euros and US Dollars in Real Time
The Euros and the US dollar are the world’s most popular currency pair. It also represents the two largest economies in the world. The Euro was mainly created to facilitate trade across the borders of the major European trading partners. Therefore, it is essential to monitor the Euros and US Dollars in real-time.
Advanced Euros and US Dollars real time charts for Forex trading are free and very simple to use at ForexLive. These live charting packages allow you to use and apply your technical analysis to hundreds of FX pairs. These charts do update live and are default to candlestick charts to assist you in trading foreign exchange.
Your ordinary forex broker may not have charts that update as quickly or possess advanced features like at ForexLive where charts provide you with both long-term and short-term opportunities for technical analysis. It is, therefore, very advisable to use the live trading charts together with the news as well as the education to trade in Euros and US Dollars in real time.
There is a smart chart analysis available at ForexLive that indicates that a counter trend rally is in progress. It also shows that the current down trend in the Euro/US Dollar could be changing and heading towards a trading range Sidelines Mode.
The Trade Triangles are developed using a proprietary algorithm that consists of sufficient factors that include: percentage change, price change, new highs/lows, and moving averages. However, these trade triangles are not entirely limited to these factors. The market club strategy of trading is based on these trade triangles.
MARKETCLUB’S TRADE TRIANGLES FOR EURUSD
- The long-term trend has been “down” from the 19th of October, 2016. It has been at 1.09554
- The intermediate trend has been “down” since the 11th of November,2016 at around 1.08510
- The short term trend, on the other hand, has been “up” since the 5th of December, 2016 at approximately 1.06895
SMARTSCAN ANALYSIS FOR EURUSD
EURUSD scored -55 on a scale of starting from -100 (strong downtrend) to +100 (strong uptrend). This information was based on a pre-defined weighted formula for chart analysis. The EURUSD live chart can also help you to observe as well as analyze the pair’s currency rate history for up to 10 years. It uses highly accurate and live mid-market rates.
The Euro, dollar little changed as the ECB meeting nears. It was little changed at around 1.0718. The single currency dropped to 20- month lows after the Italian prime minister succumbed to a referendum defeat and later confirmed he would resign. However, the Euro quickly rebounded as it was feared that Italy’s political risk factors might have been overstated.
In a nutshell, it is important to use the ForexLive real time charts to monitor the live changes in the EUR/USD for more effective technical analysis.